A recent report published by Infinium Global Research on delivery drones market provides in-depth analysis of segments and sub-segments in the global as well as regional delivery drones market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional delivery drones market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global delivery drones market. According to the report, the global delivery drones market is projected to reach up to 1892.5 Million in 2027 from USD 230.4 Million in 2020, growing with a CAGR of 35.28% over the forecast period of 2021-2027.

Market Insight

Delivery drones are been developed to deliver packages to the consumers without direct interaction with the delivery person. The drones used for delivery are available in different types such as fixed-wing, and rotary wings. Delivery drones are recently gaining solid traction across the business community. Drone technology is constantly evolving with increasing research and development to bring advanced drones into the market. With the recent developments in technology, the market players are consolidating their market position.

The COVID-19 pandemic has brought long-term structural changes across various industrial verticals. The eCommerce sector experienced superior growth in the categories such as groceries and household care during the pandemic. The higher growth in the industry encouraged e-commerce companies to adopt autonomous drones and robots to deliver goods to the customer without human involvement. The adoption of such technologies and services has helped e-commerce, medical, and other sectors to reach their customers in a short-term period. Moreover, governments in many countries imposed stringent regulations as control measures to restrict the spread of COVID-19. These restrictions included lockdown orders and social distancing norms. With the help of delivery drones, the suppliers could deliver packages while complying with the government regulations. This, in turn, augmented the growth of the delivery drones market. furthermore, the market growth is anticipated to stay high even in the post-pandemic era due to the increased adoption of delivery drones among the end-users.

A large number of industries are deploying delivery drones for delivering packages. Hence, the growing application of drones is driving the growth of the delivery drone market. Furthermore, the demand for faster and safer package delivery among consumers is growing rapidly. High demand for same-day faster delivery and the technological advancements in heavy-lift drone-based delivery are some factors that are influencing the growth of the market during the forecast period. Moreover, the adoption rate of drones for the supply of life-saving drugs and reports are triggering the market growth. However, the lack of enough trained and certified drone pilots who can operate drones remotely is a major constraint for the delivery drones market. Furthermore, the lack of favorable regulatory frameworks in many countries hinders the growth of the delivery drones market. Nevertheless, many countries rely heavily on the import of drones for their requirements. Thus, the key players in the market are expected to have growth opportunities to expand their operations in emerging economies. The advent of new technologies, components, and applications in different industrial sectors are expected to provide growth opportunities for the global delivery drones market.

Among geographies, North America dominates the delivery drones market by region. Asia-Pacific is anticipated to be the fastest-growing market in terms of CAGR during the forecast period. Formulation of FAA regulations for drones, commercial drone operations, technological research, and increasing applications in various other sectors are the major factors that drive the growth of the North American delivery drones market. The reforms in regulations that favor the use of drones in the European Union, increasing use of drones in the e-commerce, and medical sector are the factors driving the growth of the European delivery drones market. Furthermore, increasing utilization of drones for the delivery of essential goods such as food, and medicines drives the growth of the delivery drones market in the Asia-Pacific region.

Segment Covered

The report on global delivery drones market covers segments such as type, capacity, and end-user. On the basis of type, the sub-markets include fixed wing, and rotary wing. On the basis of capacity, the sub-markets include less than 10kg, and greater than 10kg. On the basis of end-user, the sub-markets include restaurant & food supply, e-commerce, healthcare, retail logistics & transportation, and others.

Companies Profiled:

The report provides profiles of the companies in the market such as United Parcel Service of America Inc., Amazon.com, Inc., FedEx Corporation, SZ DJI Technology Co., Ltd., Deutsche Post AG, Dronamics, Flytrex Inc., Flirtey, Skycart Inc., and Zipline.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of delivery drones market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.