The global Drone Delivery Service Market will be worth USD 9.51 billion by 2027, according to a current analysis by Emergen Research. The growing usage of drones across commercial applications like food delivery and medical aids delivery is one of the key factors projected to fuel the growth of the drone delivery service market. Nations across regions like Asia Pacific and Europe are likely to be the new revenue-generating markets for unmanned aerial vehicles. Additionally, various exemptions approved by the Federal Aviation Administration (FAA) to allow and commercialize the utilization of drones across several industries are also driving the growth of the drone logistics and drone transportation market.
The latest report is touted as the first study covering the current Drone Delivery Service market situation gravely impacted by the COVID-19 outbreak. The market intelligence report analyzes the drastic impact of the pandemic on the global economy. The coronavirus outbreak has beleaguered the Drone Delivery Service business landscape, thereby impeding various manufacturers’ and buyers’ developmental scope in this sector. The report discusses the pandemic’s impact on the existing market scenario, accompanied by speculations about the Drone Delivery Service marketin the post-COVID-19 scenario.
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Key Highlights From The Report.
- Accelerating demand for study as well as its corresponding development of lithium-metal batteries is anticipated to fuel growth of the drone delivery service market over the forecasted span. This is because in a single charge, a lithium-metal battery aids the drone to cover longer distances. Furthermore, the size of these batteries are half that of a lithium-ion battery and it can hold equal amount of charge as a bigger lithium-ion battery.
- The market on a global scale is likely to become more competitive over the forecasted years as many companies from other industries are identifying the potential benefits of drone delivery. They are also planning to utilize the opportunities and reduce their operational costs with the help of the technology.
- Key participants include., FedEx, Amazon.com, Inc, Boeing, DHL International GmbH, Matternet, Inc., United Parcel Service of America, Zipline, Drone Delivery Canada Corp., Flirtey, Workhorse Group Inc. and Flytrex among others.
Drone Delivery Service Market Segmentation:
For the purpose of this report, Emergen Research has segmented into the global Drone Delivery Service Market on the duration, range, package size, application, and region:
- Duration Outlook (Revenue, USD Billion; 2017-2027)
- Short Duration (<25 kilometers)
- Long Duration (>25 kilometers)
- Range Outlook (Revenue, USD Billion; 2017-2027)
- Short Range (<25 kilometers)
- Long Range (>25 kilometers)
- Package Size Outlook (Revenue, USD Billion; 2017-2027)
- <2 kilograms
- 2-5 kilograms
- >5 kilograms
- Application Outlook (Revenue, USD Billion; 2017-2027)
- Food Delivery
- Retail Goods Delivery
- Postal Delivery
- Medical Aids Delivery
- Others
The regional analysis of the Drone Delivery Service market mainly focuses on the key regions and regional market in North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.It evaluates the presence of the global Drone Delivery Service market in the major regions with regards to market share, market size, revenue contribution, sales network, and distribution channel, and other key elements.
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Key points covered in the report:
- The report provides the reader with a detailed study of the global Drone Delivery Service market, including essential data beneficial for business.
- The prominent factors driving and restraining market growth, latest product trends, and technological advancements have been extensively discussed by the authors of the report.
- A broad market categorization, based on product type, application gamut, and end-user landscape, has been included in the report.
- It further entails the latest product development, incorporation of new techniques, and profiles of major competitors in the market.
Table of Content:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Drone Delivery Service Market Segmentation & Impact Analysis
4.1. Drone Delivery Service Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Growing demand for faster delivery among consumers
4.2.2.2. Growing usage of affordable and light-pay load drones for product delivery by startups
4.2.2.3. Changes in regulatory framework in order to encourage drone delivery package
4.2.3. Market restraints analysis
4.2.3.1. Limited battery life and bandwidth of aerial delivery drones
4.2.3.2. Emerging economies have inappropriate infrastructure to support drone delivery operations
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
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