The global drone package delivery market is anticipated to grow at a significant CAGR of 14.9% during the forecast period. One of the core factors that is fueling the market is increasing traffic jams on the road. The delivery system has been facing issues a big challenge in terms of delivering products on time to their destination in the past few years owing to the increasing traffic jam every year and the increasing number of personal vehicle sales. This situation has extended delivery time which has been harming a lot of suppliers. Thus, drone package delivery demand has been raised in the past few years as a solution to enhance the delivery experience of customers by delivering food safely on time.
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Impact of COVID-19 Pandemic on Global Drone Package Delivery Market
The COVID-19 pandemic raised the concern of the spread of the virus by contacting others which has increased the use of a drone for supplying food, and essential goods. It supported a lot of consumers to consume all the essentials while staying at home. This increased the demand for the drone in package delivery throughout the pandemic as it increased the importance of contactless deliveries to distant areas at a faster pace compared to old-style delivery networks. All these advantages benefitted the market as the situation normalized.
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Segmental Outlook
The global drone package delivery market is segmented based on type, capacity, and end-user. Based on the type, the market is segmented into rotary-wing, and fixed-wing. Based on the capacity, the market is segmented into less than 10kg, and greater than 10kg. Based on the end-user, the market is sub-segmented into food, healthcare, retail, and logistics. The above-mentioned segments can be customized as per the requirements. Based on the end-user, retail, and logistics are anticipated to hold the prominent share in the market while based on capacity, less than 10 kg segment is expected to hold the prominent share during the forecast period.
The Asia-Pacific Region Anticipated to Grow Fastest in the Global Drone Package Delivery Market
Based on region, Asia-Pacific is expected to witness the fastest growth in the market during the forecast period owing to the growing support for commercial drone operations in the region which is driving the growth of drone delivery processes. China is the largest market for drone package delivery due to an increase in the drone delivery processes from major e-commerce companies such as Alibaba Group and JD.com. For instance, in January 2021, the government of China reported a new Specification for Express Delivery Service via Unmanned Aircraft (Standard) via the State Post Bureau of the People’s Republic of China. The Standard was developed by JD.com, EHang, and ZTO Express for improving the last-mile delivery service and to encourage the expansion of intelligent aerial logistics in the urban air mobility (UAM) industry.
by Type (Rotary Wing, and Fixed-Wing),
by Capacity (Less than 10kg, and Greater than 10kg), and
by End-User (Food, Healthcare, and Retail and Logistics)
Market Players Outlook
The major companies serving the global drone package delivery market include Airbus S.A.S., Amazon.com, Deutsche Post AG, SZ DJI Technology Co., Ltd., Zipline International Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in November 2021, Drone Delivery Canada (DDC) successfully executed the primary test of its next-generation Sparrow unmanned aerial system (UAS). The drone was tested for its communications with the Flyte management system, avionics system configuration, and the next generation smart battery system, testing of the onboard sensors, and propulsion system.
The Report Covers
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global drone package delivery market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying ‘who-stands-where’ in the market.
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