Meticulous Research®—a leading global market research company, published a research report titled “Delivery Drones Market by Type (Multi-rotor, Fixed-wing, Hybrid VTOL), Payload (Less than 2 KG, 2–5 KG), Range (Less than 25 km, More than 25 km), End User (Healthcare, Retailers and E-commerce, Logistics), and Geography - Global Forecasts to 2028.”
The delivery drones market is expected to grow at a CAGR of 40% by value from 2021 to reach $1.29 billion by 2028. Increasing demand for faster delivery, technological advancements in drones, and the rising need to reduce carbon emissions are the factors driving the growth of the delivery drones market.
In addition, increasing private investments in the drone industry, the rise of e-commerce, and demand for contactless delivery amidst the COVID-19 pandemic are projected to provide significant growth opportunities for the vendors operating in this market.
However, the high cost of infrastructure and limited battery life of aerial delivery drones are expected to restrain the growth of this market to a certain extent. In addition, stringent government regulations for UAVs and security breaches using aerial delivery drones pose a major challenge for the growth of the delivery drones market.
The delivery drones market is segmented based on type, payload, range, end user, and geography. The study also evaluates industry competitors and analyzes the market at the country level.
Based on type, the delivery drones market is segmented into multi-rotor, fixed-wing, single-rotor, and hybrid VTOL. The multi-rotor segment accounted for the largest share of the delivery drones market in 2021. The large market share of this segment is attributed to its ability to operate in a wider variety of environments. These drones are capable of hovering in a fixed position and can fly in any direction, and are used for delivering services across healthcare, logistics, and retail sectors.
Based on payload, the delivery drones market is segmented into less than 2 Kg, 2–5 Kg, and more than 5 Kg. The less than 2 Kg segment accounted for the largest share of the delivery drones market in 2021. The large market share of this segment is attributed to its capability to quickly deliver small packages of up to 2 kg. This category denotes the provision of small grocery, coffee, postal delivery, gifts, healthcare & wellness products, and commercial goods under a specific weight limit.
Based on range, the delivery drones market is segmented into less than 25 Km, and more than 25 Km. The less than 25 Km segment accounted for the largest market share in 2021. Drone delivery caters to rural and dense urban areas, reducing human involvement and shipping expenses and enabling rapid door-step shipping and service expansion in areas lacking infrastructure. Hence, these factors contribute to the large market share of this segment.
Based on end user, the delivery drones market is segmented into healthcare, retailers & e-commerce, food & beverage, logistics, and other end users. The retailers & e-commerce segment accounted for the largest market share in 2021. The large market share of this segment is attributed to the capability of delivery drones for delivering small packages of commercial goods at a faster rate than traditional means of delivery. High delivery speed, door-step delivery, and the capability to serve rural and semi-rural areas increase the adoption of delivery drones.
Based on geography, this market is segmented into five major regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific accounted for the largest share of the delivery drones market in 2021. Customers switching from offline shopping to online shopping platforms and partnerships of various local traders with leading e-commerce companies are the factors attributed to the large market share of this region.
The growing adoption of delivery drones in countries such as China, South Korea, and Japan has boosted the demand for delivery drones in the APAC region. The demand for delivery drones is expected to increase in Asia-Pacific due to the rapid growth of online shopping platforms, which increases the demand for instant parcel delivery.
The key players operating in the delivery drones market are Amazon.com Inc (U.S.), Boeing Co (U.S.), Airbus SE (Netherlands), Drone Delivery Canada Corp (Canada), Wing Aviation LLC (U.S.), Flirtey (U.S.), Zipline (U.S.), Wingcopter GmbH (Germany), FLI Drone (U.S.), Flytrex Inc (U.S.), Matternet Inc (U.S.), Deutsche Post DHL Group (Germany), United Parcel Services (U.S.), SF Express Co. Ltd. (China), and Rakuten Group Inc (Japan).
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