Key Developments in Drone Package Delivery Market

Northbrook, USA, 2020-Jan-07 — /EPR Network/ —

The drone package delivery market report provides an analysis of the market from 2019 to 2030. It discusses industry and technology trends prevailing in the market, along with the drivers, restraints, challenges, and opportunities. The market is projected to grow from USD 2.1 billion in 2023 to USD 27.4 billion by 2030, at a CAGR of 44.7% during the forecast period, from 2023 to 2030. The market in Asia Pacific is expected to witness substantial growth during the forecast period, especially in countries such as China and Japan, due to increasing demand for instant and same-day delivery. Additionally, the rising focus of major food and retail delivery service providers on testing drones for delivery is anticipated to boost the growth of the drone package delivery market during the forecast period.

Based on duration, the short duration (<30 minutes) segment is projected to lead the drone package delivery market during the forecast period. There is a huge demand for emergency vaccines, blood samples, and other-life medications that need to be delivered instantly. In April 2019, Zipline partnered with the Government of Ghana (Africa) to deliver medical packages to more than 2,000 health facilities across the country in less than 30 minutes.

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Based on range, the long range (>25 kilometers) segment is anticipated to witness a higher CAGR than the short range (>30 minutes) segment during the forecast period. Long-range aerial delivery drones are used to deliver long-distance parcels and packages. These delivery drones help package delivery service providers in reducing their delivery time, as no road traffic congestion is to be faced during the drones’ operations.

Based on package size, the >5 kilograms segment is estimated to register the highest CAGR during the forecast period. Delivery drones with a load-carrying capacity of over 5 kilograms are mainly used to carry out on-demand package delivery of heavy products from warehouses to customers. Major delivery drone OEMs are focusing on the development of drones that can carry heavy packages.

Based on region, the drone package delivery market has been segmented into five regions, namely, North America, Europe, Asia Pacific, the Middle East, and Rest of the World. The market in Asia Pacific is anticipated to witness the highest CAGR during the forecast period. The North American market is also expected to grow significantly due to the presence of major drone package delivery service providers, such as Amazon.com, Inc., FedEx, and United Parcel Service of America, Inc., and delivery drone OEMs, such as Wing Aviation LLC and Matternet, Inc., in the region.

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