Delivery Drones Market Guide for Investor to Understand Market Variation Globally
Delivery drones or shipping drones are designed with various
advantages such as high payloads, increased range, and high quality sensors for
providing specific services such as transportation services of goods. For
instance, these drones are extensively used to transfer and supply goods at
rural and remote areas where other vehicles finds difficulty to cover the
route. China, is one of those countries whose over 590 million of population
were living in remote areas in 2017, according to the Statistics Bureau. High
adoption of drone technologies for quick service restaurants and in the
e-commerce sector is boosting growth of the market. According to Coherent
Market Insights’ analysis, China is expected to be the fastest growing country
in the Asia Pacific delivery drones market during the forecast period.
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Global delivery drones market is expected to witness
significant growth during the forecast period (2018–2026). The market growth is
majorly attributed to increasing adoption of drones in different applications
in transport and logistics sector. Furthermore, as per Coherent Market Insights,
growth of the market of delivery drones is also propelled by the drone industry
growth, which was pegged at 2.2 million units in 2016and is expected to witness
high growth during the forecast period.
North America is expected to be the largest and fastest
growing market for delivery drones during the forecast period, owing to
increasing adoption of drones for numerous transportation and logistics
applications. As per Coherent Market Insights, in 2015, the drone industry
witnessed a steep growth due to new regulations from agencies such as Federal
Aviation Administration (FAA), which granted new exemptions for companies to
operate drones in the U.S. This is another factor expected to aid in growth of
the market.
Moreover, a number of e-commerce companies are trying to
avail contract from governments of different countries for taking permission
for the usage of drones for product delivery to customers. Also increasing
adoption of delivery drones by quick service restaurants are propelling growth
of the delivery drones market. For instance, in December 2018, Zomato, an
India-based restaurant search and discovery service company, acquired TechEagle
Innovations Pvt Ltd. for providing drone-based food delivery in India. This is
expected to create a market for delivery drones in India in the near future.
However, there are still some regulations in India that limits the usage of
drones for food and goods delivery. Right now, the use of drones in India is
limited to the applications such as photography and recreational.
In 2016, Zipline (a San-Francisco based start-up) developed
and launched delivery drones in Africa, ‘Sky Ambulances’, which is used for
dropping-off lifesaving blood supplies through parachutes to remote hospitals
and clinics that are located outside the Rwandan capital of Kigali.
Introduction of hybrid drone is expected to fuel growth of
the delivery drones market. There are three types of drones, which are used for
transportation and logistics of goods and food items- fixed wing drones, rotary
blade drones, and hybrid drones. Rotary blade delivery drones dominates the
market owing to its ease of use and capabilities such as vertical take-off and
landing (VTOL) and its increasing adoption by new users of delivery drones for
last mile products and food delivery services.
According to Coherent Market Insights’ analysis, hybrid drones
are expected to be the fastest growing drone type during the forecast period,
owing to increasing adoption of hybrid drones due to its advanced capabilities
such as longer flight time, higher payload capacity, and increased range up to
4-5 times of the normal delivery drones, which have a range of around 10-20
miles.
Some of the key players operating in the global delivery
drones market include The Boeing Company, Airbus SE, CyPhy Works, JD.com,
SKYCART Inc., Drone America, Matternet, SZ DJI Technology Co. Ltd., and others.
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