How Global Drone Package Delivery Market Players Should Strategize For 2022-2031

2 Mar, 2022

The global drone package delivery market size is expected to grow from $1.01 billion in 2021 to $1.46 billion in 2022 at a compound annual growth rate (CAGR) of 45.0%. The growth in the market is mainly due to the increasing demands of contactless delivery during COVID-19 and social distancing. The drone package delivery market is expected to reach $6.36 billion in 2026 at a CAGR of 44.5%.

What is the Global Drone Package Delivery Market?

The drone package delivery market consists of sales of drone package delivery services by entities (organizations, sole traders and partnerships) that deliver packages through drones. Delivery drones are unmanned aerial vehicles (UAVs) capable of carrying lightweight packages. Delivery drones are functioned independently or remotely, with controllers theoretically monitoring several drones at one time.

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What drives the Global Drone Package Delivery Market?

The increasing demand for drone deliveries during COVID-19 is expected to propel the growth of the drone package delivery market in the coming years. During the COVID-19 period, contactless distribution increased and drones played a crucial role in ensuring the companies and clients communicate as little as needed. Drones are heading to the sky in massive numbers during the pandemic to bring vital goods and drugs to populations under lockdown. In recent weeks of 2020, Alphabet's drone delivery company Wing has seen a major rise in demand as individuals comply with social distancing guidelines during the COVID-19 outbreak. Many individuals have been using the service in recent months as the coronavirus pandemic continues, and Wing found that between February 2020 and April 2020, also in Australia, the use of its service increased by 500%. Therefore, the increasing demand for drone deliveries during COVID-19 drives the growth of the drone package delivery market.

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Global Drone Package Delivery Market Segments
The global drone package delivery market is segmented:
By Drone Type: Fixed Wing, Rotor Drone, Hybrid Drones
By Range: Short <25 Kilometers, Long >25 Kilometers
By Package Size: <2 Kilograms, 2-5 Kilograms, >5 Kilograms
By Application: E-Commerce, Quick Service Restaurant, Convenience Stores, Healthcare, Others
By Geography: The regions covered in the drone package delivery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Drone Package Delivery Global Market Report 2022provides market size and growth forecasts for the global drone package delivery market, global drone package delivery market share, drone package delivery market segments and geographies, drone package delivery market competitive landscape including leading competitors’ revenues, profiles and market shares. The drone package delivery market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Drone Package Delivery Industry Playersinclude Amazon.com Inc., United Parcel Service of America Inc, Zipline, FedEx, DHL International GmbH, Boeing, Matternet Inc, Flirtey, Drone Delivery Canada Corp., Flytrex, Cheetah Logistics Technology, Wing Aviation LLC, Airbus S.A.S., Skycart Inc., DroneScan, Edronic, Altitude Angel, Fli Drone and BIZZBY. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.