Global delivery Drone Market was valued at USD 170.55 million in 2019 which is expected to reach USD 3,902.5 million by 2027 at a CAGR 38.6%.
Delivery drone is a type of unmanned aerial vehicle that is used for distributing packages to customers in any locality. It is available in two types such as rotary-wing, and Fixed-wing. These are mostly designed with 4 to 8 propellers along with rechargeable batteries and can fly at high speed.
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Increase in demand for delivery drones in various sectors including healthcare is expected to boost the global delivery drone market growth. Furthermore, increase in partnerships and collaboration activities by key manufacturers will have the positive impact on market growth. For instance, in April 2019, U.S. based UAV manufacturers and logistic service provider Zipline collaborated with Ghana ministry of health to introduce new delivery drone service for medical suppliers in Ghana in 2017. Moreover, continuous technological advancements in delivery drone will have the positive impact on market growth.
However, lack of technical professional about operating drones and low battery life of delivery drones are major challenging factors which are expected to hinder the global delivery drone market growth.
Global Delivery Drone Market is segmented into type such as Rotary-Wing, and Fixed-Wing, by capacity such as Less than 10 kg, and Greater than 10 kg. Further, market is segmented into end user such as Food, Healthcare, Retail & Logistics, and Postal.
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The assessment and forecast of the Delivery Drone Market have been studied on a global and regional basis. Based on the region, the Delivery Drone Market has been studied in the Asia Pacific (APAC), Europe, North America, Latin America (LATAM), and the Middle East and Africa (MEA).
Market Key Players
Various key players are discussed in this report such as Amazon, FedEx, EHANG, DJI, Airbus SAS, Flirtey, Google, Skycatch, Inc, and Uber Technologies Inc
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