The delivery drones market consists of sales of delivery drones by entities (organizations, sole traders and partnerships) that manufacture delivery 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 once.
Global Delivery Drones Market Size And Drivers:
The global delivery drone market is expected to grow from $445.75 million in 2020 to $608.24 million in 2021 at a compound annual growth rate (CAGR) of 36.45%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $2,238 million in 2025 at a CAGR of 38.50%. The increasing demand for drone deliveries during COVID-19 contributed to the growth of the delivery drones market.
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Trends In The Global Delivery Drones Market
Growing technological advancements are shaping the delivery drones market. Over the past few years, drones have become extremely prevalent as many individuals and organizations are completely accepting and incorporating this technology into their business models. For instance, in April 2019, Wing, the drone shipping firm operated by Google`s parent company Alphabet, became the first US organization to receive permission from the Federal Aviation Authority (FAA) to start testing deliveries. It has collaborated with Walgreens that has a store across 78% of the area of the country within 5 miles reach, which means that almost 80% of the US will be in the range of Wing shipments if and when the technology is more extensively deployed.
Global Delivery Drones Market Segments:
The global delivery drones market is further segmented –
By Drone Type: Fixed Wing Drones, Rotor Drones, Hybrid Drones
By Application: E-commerce, Quick-Service Restaurants (QSR), Healthcare, Others
By Geography: The global delivery drones market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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Delivery Drones Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides delivery drones market overviews, analyzes and forecasts market size and growth for the global delivery drones market, delivery drones market share, delivery drones market players, delivery drones market segments and geographies, delivery drones market’s leading competitors’ revenues, profiles and market shares. The delivery drones market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
