Delivery Drones Market Trend Manufacturers Revenue Growth 2027
Market Overview
As per the recent report, the global delivery drones market size is witnessed at US$ 497.5 million and is estimated to exhibit the highest CAGR of 41.3% with a market size of US$ 5,586.5 million during the forecast period 2021-2028.
The delivery drone is an unmanned aerial vehicle (UAV) that is a transportation medium for parcel service providers, medical centers, goods, and various commercial businesses. This drone is either autonomous or remotely controlled using a ground-controlled station. With its features like high accuracy, accelerated delivery time, and fewer human interventions in the supply chain, it is said to be the most sought-after logistical methodology in the supply chain globally. Due to these features, it finds applications in various industries like healthcare, e-commerce, and many more.
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The growing need for quick transportation and delivery of drugs and medical supplies at emergency times are propelling the growth of the market. Rising government support for the adoption of delivery drones to deliver medical and other goods in remote areas by road transport may bolster the market growth. Moreover, growing innovation in cargo transportation is escalating the market growth. Increasing adoption of delivery drones for medical equipment and delivering emergency medical services is enhancing the market demand. Furthermore, owing to the rising products delivery and growing drones adoption in the E-commerce industry are expanding the global market growth.
The delivery drones market opportunities are rising number of drones usage for better delivery packages like drone service providers, drone manufacturers, drone infrastructure providers, and drone as software service providers. Therefore, rising private investments in the drone industry are boosting market growth.
Market Segmentation
The delivery drones market is classified into various forms such as type, application, capacity, components, and end-users.
Type Segmentation: The delivery drones types are bifurcated into rotary-wing and fixed-wing.
Application Segmentation: Based on the application, the delivery drones market is sectioned
into various forms such as healthcare, e-commerce, convenience stores, quick-service restaurant, and others.
Capacity Segmentation: By capacity, the delivery drones market is split into >10kg and <10kg.
Components Segmentation: The delivery drones components are categorized into the propulsion system, airframe, camera, controller system, battery, navigation, and others.
End-users Segmentation: Based on the end-users, the delivery drones market is sectioned into a few forms like food & beverages, retail & logistics, healthcare, and others.
Regional Analysis
By the latest study, the global delivery drones market based on regions is partitioned into Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. North America is holding the largest market share and is predicted to grow at the highest CAGR due to the rising applications of delivery drones and high production in commercial sectors.
The global delivery drones market key vendors are Flirtey (US), EHANG (China), Skycatch, Inc. (US), Google (US), Uber Technologies Inc. (US), Zomato (India), Amazon (US), Alibaba (China), and others.
Industry News
According to recent research, the delivery drones market is expected to reach the highest position in the market in the review period due to innovative product developments, rising investments, mergers, acquisitions, and more. In June 2019, one of the popular enterprisers, Amazon introduced the latest version named Prime Air Delivery Drone.
Delivery Drone Market Information by Type (Rotary-Wing and Fixed-Wing), Component (Airframe, Controller System, Propulsion System, Camera, Navigation, Battery, and Others), Application (E-Commerce, Quick Service Restaurant, Convenience Stores, Healthcare, and Others), Capacity (10kg), End User (Food & Beverages, Healthcare, Retail and Logistics, and Others) and Region (North America, Europe, Asia-Pacific, Middle East africa, and Latin America) – Forecast 2027 @ https://www.marketresearchfuture.com/reports/delivery-drones-market-6314