Global Package Drones Market Projected to Attain USD 11.20 Billion By 2026

28-Sep-2021 | Facts and Factors

According to a Facts and Factors market research report, the global package drones market size was USD 1.07 Billion in 2020; further, this revenue is expected to reach around USD 11.20 Billion by the end of 2026, increasing at a CAGR of around 48% from 2021 to 2026.

Amazon, an e-commerce powerhouse, has set a goal of bringing drone deliveries into people's daily lives by 2023. As a result, drone service companies have formed partnerships with local businesses in cities to deliver things ordered online to clients using drones. Drones are now being utilized to carry coffee, food, groceries, medical supplies, everyday necessities, and other products all over the world. Drone makers and drone service providers are competing more than ever as business applications for drones develop. Consumer desire for same-day delivery of products ordered with last-mile delivery is propelling the package drone sector forward.

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The way people shop has evolved dramatically in the previous decade. Consumers nowadays prefer to order products online rather than visit a store and make purchases in person. As a result, there are fewer vehicles on the road and carbon emissions are lower. COVID-19 is another element that has pushed people to buy things online since it eliminates the need for face-to-face contact and human interaction, which has helped governments stop the virus from spreading. As a result, corporations all over the world are seeking to make deliveries bought by customers to their doorstep using drones the same day they place their order.

Drone growth has been fueled by technological breakthroughs in battery power, GPS technology, sensors, and telecommunications devices, including cameras. Great-range battery technologies are now available on the market, allowing drones to travel over long distances. Advances in battery technology are supporting tiny-piston-driven drones equipped with lightweight electric motors and other electrically powered components that make drones scalable and quick.

The advancement and accessibility of Global Positioning Systems is another major field of technological innovation. Drones can deliver items to the exact area quickly and precisely owing to GPS technology and three-dimensional mobility. It has also enabled real-time tracking, which aids both the controller and the consumer in tracking the package. The other area of technological innovation has been lightweight cameras with high-resolution images. Many drones now have cameras with a resolution of 36 megapixels, providing the operator and controller with a clear vision.

Top Market Players

The key players in the package drones market are Amazon Prime Air, Skydio, Insitu, Delair, AirMap, Propeller, Dedrone, Valqari, Advanced Aircraft Company, Drone America, DroneSeed, UPS Flight Forward, Flytrex, Matternet, Wingcopter, Volans-I, Wing, Flirtey, Zipline, DJI, EHang, and among others.

Report Attribute

Details

Market Size in 2020

USD 1.07 Billion

Projected Market Size in 2026

USD 11.20 Billion

CAGR Growth Rate

48% CAGR

Base Year

2020

Forecast Years

2021-2026

Key Market Players

Amazon Prime Air, Skydio, Insitu, Delair, AirMap, Propeller, Dedrone, Valqari, Advanced Aircraft Company, Drone America, and Others

Key Segments

Mode of Operation, Solutions, Types, Package Weight, End User, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

Purchase Options

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Demand for faster and last-mile drone delivery service

One of the major aspects that contributes to a satisfying customer experience is delivering the package as promptly as possible. Online ordering has exploded in popularity in recent years, resulting in a tenfold increase in the demand for delivery employees. Drone technology is being tested all around the world to address the demand for speedy delivery services while also lowering labor costs.The need for autonomous flying drones to deliver packages has surged as a result of COVID-19. Drones are being used in a number of ways to combat the coronavirus. Drone firms are cooperating with local shop chains in Australia to carry items such as coffee and medical supplies to their consumers in order to curb the spread of the COVID-19 virus across the country.

Browse the full report “Package Drones Market By Mode of Operation (Autonomous, and Controlled), By Solution (Platform, Software, and Services), By Type (Fixed Wing, Multirotor, and Hybrid), By Package Weight (<2 Kg, 2 – 5 Kg, and >5 Kg), and By End-User (Food Delivery, Retail Goods Delivery, Postal Delivery, Medical Aids Delivery, Precision Agriculture Delivery, Industrial Delivery, and Weapons & Ammunition Delivery): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2026” at https://www.fnfresearch.com/package-drones-market

The global package drones market is segmented into:

Global Package Drones Market: By Mode of Operation

  • Autonomous
  • Controlled

Global Package Drones Market: By Solution

  • Platform
  • Software
  • Services

Global Package Drones Market: By Type

  • Fixed Wing
  • Multirotor
  • Hybrid

Global Package Drones Market: By Package Weight

  • <2 Kg
  • 2 – 5 Kg
  • >5 Kg

Global Package Drones Market: By End User

  • Food Delivery
  • Retail Goods Delivery
  • Postal Delivery
  • Medical Aids Delivery
  • Precision Agriculture Delivery
  • Industrial Delivery
  • Weapons & Ammunition Delivery

Global Package Drones Market: By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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