The delivery drones have significant implications on transportation companies that are engaged in transportation of high value products. As drone adoption accelerates, there will be shift from drone makers to the providers of drone-related services on the business front. Companies, such as Amazon, UPS, and Google, are experimenting with drones for delivery purposes instead of diesel-burning delivery trucks. Therefore, delivery drone sales are expected to rise significantly during the forecast period.
The factors driving the growth of the market include the surging application of drones in the commercial sector and innovation in cargo transportation. In the commercial sector, goods such as letters, meals, medicines, and other packages are delivered using drones. However, the stringent regulations by the Federal Aviation Administration (FAA) and logistic challenges are restricting their implementation.
The market in North America is expected to witness the highest growth during the forecast period. The high production and increasing applications of delivery drones in commercial sectors are the major reasons for the high growth of this market. The growing adoption of delivery drone in countries such as the U.S. and Canada are expected to contribute to the growth of the regional market.
The key players in the delivery drone market are Amazon (U.S.), United Parcel Service (U.S.), JD.com (China), Uber Technologies Inc. (U.S.), EHANG (China), DJI (China), Skycatch Inc. (U.S.), Airbus S.A.S (France), Zipline International Inc. (U.S.), Alibaba (China), Flirtey (U.S.), FedEx Corporation (U.S.), and Google (U.S.).
Scope of the Report
This study provides an overview of the global delivery drone market, tracking three market segments across five regions. The report studies the key players, providing a five-year annual trend analysis that highlights market size, volume, and share in North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. The report also provides a forecast, focusing on the market opportunities for the next five years in each region. The study segments the global delivery drone market by type, component, application, capacity, and region.