Global Drone Package Delivery Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
23 Feb, 2021
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.
Global Drone Package Delivery Market Size And Drivers:
The global drone package delivery is expected to grow from $0.68 billion in 2020 to $0.99 billion in 2021 at a compound annual growth rate (CAGR) of 45.5%. The market is expected to reach $4.40 billion in 2025 at a CAGR of 45.1%. 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.
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Trends In The Global Drone Package Delivery Market
The growing technological advancements are a key trend gaining popularity in the drone package delivery market. Over the last several years, drones have become extremely prevalent as many individuals and organizations completely accepting and incorporating this technology into their business model.
Global Drone Package Delivery Market Segments:
The global drone package delivery market is further segmented based on drone type, range, package size, application and geography.
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 global drone package delivery market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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Drone Package Delivery Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides drone package delivery market overviews, analyzes and forecasts market size and growth for the global drone package delivery market, drone package delivery market share, drone package delivery market players, drone package delivery market segments and geographies, drone package delivery market’s 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.