Global Drone Package Delivery Market; By Range (Short Range, long Range); By Application (Consumer, Military, Commercial, Government and Law Enforcement); and By Region –Analysis of Market Size, Share & Trends for 2016 – 2019 and Forecasts to 2030
Delivery drone is a type of aerial vehicle (UAV), which can be used during the last miles of delivery for distribution to consumers. In general, these drones are equipped with four to eight propellers, a rechargeable battery and lightweight containers. They can be controlled independently or remotely with technology of artificial intelligence, with flight control centers and flight operators. With drone technology already evolving, it is now possible to avoid collisions with other flight drones, fly through urban environments and the use of smart landing technologies.
Fatpos Global anticipates the Drone package delivery market to surpass USD XX Billion by 2030, which is valued at XX billion in 2019 at a compound annual growth rate of XX%. One of the key factors in the growth of the drone delivery market is the rise in the global procurement of military drone by defense forces. The increase in demand for faster supply of good and improvements to the regulatory environment to enable the distribution of drone deliveries are main factors that will fuel market growth in the forecasted years.
Drone package delivery Market: Segments
Global market has been segmented on the basis of Range, application and region.
In 2019, the Short-range segment of the UAV market dominated the market and accounted for XX% of the global market.
The global Drone package delivery market is segmented by Range into Short range and long range. This growth was anticipated due to the increase in usage of commercial and consumer application. Fast delivery of goods and packages such as drugs and food are being increasingly requested. Generally, short-range delivery drones are used for local short-range packaging delivery. They are drones, which can be loaded up to 25 kilometers away, enable product delivery immediately after online shopping.
Global Drone package delivery Market: Market Dynamics
Surging need for faster deliveries and regulations to improve the growth of the market
An increased demand for faster deliveries, improvements to the regulatory structure for the production of drone packages and increased use of low-cost and light-weight drones for product production by start-ups are key factors boosting the drone package delivery. Rise in the global procurement of military drone by defense forces is also expected to spur market growth of the drone packaging delivery market. The increase in demand for faster supply of good and improvements to the regulatory environment to enable the distribution of drone deliveries are main factors that will fuel market growth in the forecasted years.
Lack of traffic regulations and infrastructure is expected to hamper the market growth
Government restrictions on the use of drones and the lack of air traffic control legislation will impede growth in the global drone packaging delivery market. Usage of aircraft is regulated for commercial purposes by the Federal Aviation Administration (FAA). A license is required and flying regulations need to be followed for the correct functioning of air traffic, failure to which can lead to serious civil penalties. The lack of necessary infrastructure in emerging economies to support drone supply limits global market growth.
Global Drone package delivery Market: Regions
The region segment can be further divided into five major types including North America, Latin America, Europe, APAC and MENA.
The most important drone product supply applications in the Asia Pacific are retail and E-Commerce, followed by health care and pharmaceuticals, China and Japan are the region’s main driving markets and lead in the production of state-of-the-art commercial delivery drones.
Global Drone package delivery Market: Key Players
- Amazon.com Inc.
- ·Company Overview
- ·Business Strategy
- ·Key Product Offerings
- ·Financial Performance
- ·Key Performance Indicators
- ·Risk Analysis
- ·Recent Development
- ·Regional Presence
- ·SWOT Analysis
- United Parcel Service of America
- Matternet, Inc.
- Cheetah Logistics Technology (US)
- Skycart Inc.
- Other prominent players
Global Drone package delivery market report also contains analysis on:
- Drone package delivery Market Segments:
- By Range
- ·Long range
- ·Short range
- By application
- · Military
- ·Government & law enforcement
- Drone package delivery Market Dynamics
- Drone package delivery Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Value Chain of the Market
- Market Drivers and Restraints