Drone Delivery Service Market size, share, trends analysis report till 2028 till Research Informatic


Posted January 25, 2023 by Urmila01

The Global Drone Delivery Service Market size is estimated to reach $989.1 Million by 2026, growing at a CAGR of 40.1% over the forecast period of 2021-2026.

 
The Global Drone Delivery Service Market size is estimated to reach $989.1 Million by 2026, growing at a CAGR of 40.1% over the forecast period of 2021-2026.
A delivery drone is an unmanned aerial vehicle (UAV) used to transport medical supplies, food, or other goods. Delivery drones are typically autonomous. In November 2020, the FAA proposed airworthiness criteria for type certification of delivery drones to initialize commercial operations. Zipline, Wingcopter, and Amazon Prime Air were amongst the 10 companies selected for this type of certification.
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Market Dynamics
Driver:
When tilt-rotor aircraft are used for transportation, end users can save a large amount of money while maintaining high operating efficiency drives the market demand
The demand for faster parcel delivery increases, and customers are willing to pay extra for same-day delivery. With the innovation of freight transportation and the rise in investment by logistics and transportation companies, drones in e-commerce, fast food restaurants, convenience stores, and healthcare sectors are increasing.
According to Invesp (USA), in 2018, about 51% of the world's online retailers preferred same-day delivery over long-term delivery. By 2021, Invesp also predicts that by 2021, the total number of online shoppers who prefer faster deliveries than long-term deliveries will exceed 65% worldwide.
Challenges:
High Cost of Drone is limiting the Market Growth
Currently, the drone delivery service is still in its infancy. It is a new technology with limited weight and usage, which increases operating costs. A typical drone can carry 1-12 kg, but 1-25 km range. The lack of infrastructure due to high investment costs is hampering the growth of the drone delivery service market.
Key Market Players
Key Players in Global Drone Delivery Service Market consist of Amazon.com, Inc, Deutsche Post DHL Group, United Parcel Service of America, Inc., Zipline, Matternet Inc., Airbus SAS, FedEx, EHang, and Wing Aviation LLC, and Boeing, among others.
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Developments
In May 2020, Wingcopter was able to win the COVID 19 Hackathon and fund an 18-month project to distribute COVID 19 test kits in Malawi and Rwanda, Africa. It helps limit the spread of the virus in the area by identifying and isolating the case early.
Report Coverage and Scope
The report "Global Drone Delivery Service Market" by Research Informatic covers an in-depth detailed analysis for the following segment covered under the scope.

By Solution
· Platform
· Infrastructure
· Software
· Services

By Type
Fixed-Wing
Multirotor
Hybrid

By End-Use
· Food Delivery
· Retail Goods
· Postal Delivery
· Medical Aids devices
· Precision Agriculture
· Industrial Delivery
· Weapons & Ammunitions Delivery
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Geography
· North America
· Europe
· APAC
· RoW
TOC:
Chapter 1 Drone Delivery Service Market Overview
1.1 Product Overview and Scope of Drone Delivery Service
1.2 Drone Delivery Service Market Segmentation By Product Type
1.2.1 Fixed-Wing
1.2.2 Multirotor
1.2.3 Hybrid
TOC Continued…
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Categories Blockchain , Technology , Transportation
Tags drone delivery service market
Last Updated January 25, 2023