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Drone Package Delivery Market Size, Share & Industry Analysis, Report By Type (Software, Hardware, Service), By Application (Supermarket, Pharmacy, Store, Other) and Regional Forecast - 2027
Published Date: January 2022
|
Report Code: QYRE-Othe-1K491
Home | Market Reports | Business & Industrial| Transportation & Logistics
Drone Package Delivery Market

Drone Package Delivery Market Size, Share & Industry Analysis, Report By Type (Software, Hardware, Service), By Application (Supermarket, Pharmacy, Store, Other) and Regional Forecast - 2027

Code: QYRE-Othe-1K491
Report
January 2022
106 Pages
QYResearch
Region: Global
DESCRIPTION
TABLE OF CONTENT
TABLES & FIGURES

Drone Package Delivery Market Analysis - 2027

In 2020, the global Drone Package Delivery market size will be USD 241.53 Million and it is expected to reach USD 3694.38 Million by the end of 2027, with a Compound Annual Growth Rate (CAGR) of 57.55% during the forecast period 2021-2027. Key drivers of the drone package delivery market include the growing need for faster delivery and booming eCommerce sales.
 
Drone Package Delivery Market Research Report
 
The growing need for quick delivery, increased regulatory framework revisions to support drone package delivery, and rising demand to reduce carbon emissions are the major factors expected to drive the growth of the drone package delivery market. The speed with which packages are delivered is the most significant benefit of deploying drones for delivery. Drones can save a lot of time since they don't have to deal with traffic or long land routes.

The after-effects of covid 19 pandemic will positively impact the drone delivery market value in the forthcoming years.

The urgent need to cut back on excess carbon emissions will favor the expansion of the market in the coming years.

Trends Influencing Drone Package Delivery Market

eCommerce penetration

The eCommerce industry is expanding rapidly due to growing trends in online shopping. Businesses have always struggled with last-mile delivery as it is the most expensive part of the shipment process. Hence drones have the capacity to solve the impending logistical issues. Consumers want faster, hassle-free, and cheaper delivery services. UAVs are semi-autonomous and can be easily deployed in any remote, inaccessible area that large delivery trucks, or humans won’t be able to reach. Once the package is collected the drone receives all the information from the central warehouse and quickly calculates the shortest distance. Consumers can keep a track of it and get real-time information on the final delivery time. There are no problems related to traffic or congestion. Furthermore, they are cheaper to purchase and run on batteries reducing the costs of fuel consumption. And as they are fully automated the labor expenses come down without the need for any human intervention. All these factors will surge the growth of the drone package delivery market during the forecast period. 

Technological innovations

Unmanned aircraft systems are gradually making their way into all sorts of package delivery sectors. They have been successfully tested for delivering food, medicines, homecare products, groceries, etc. The ongoing technological advancements such as geospatial mapping, curation, machine learning, automated flight log tracking, real-time drone telemetry, and identification will enhance the accuracy levels moving forward. Multi-view stereo vision, sensors, and AI algorithms can detect the difference between moving and static objects. This will also help in obstacle detection. The improved propeller systems will assist in the takeover and landing parts. The machine learning structures will provide online computers to efficiently track the immediate environment and navigate around it efficiently. Such factors will expand the growth of the drone package delivery market in the forthcoming years. 

Covid 19 impact

As the pandemic struck a pattern of contactless delivery emerged as people wanted to keep a safe distance from each other. Crucial medical supplies and vaccines were delivered safely through the use of UAVs. Drones promote social distancing measures. There are inbuilt GPS and navigational systems that allow them to drop off the package near a customer's home or at a designated spot. Consumers can then come and collect it after scanning the QR code of the package. Without any human contact, the entire package delivery process can be conducted in a smooth way. Moreover, many life-saving drugs have been transported to inaccessible, remote, and rural areas in underdeveloped nations. This will augment the demand for the drone package delivery market in the coming years. 

Rising need for sustainable development

The logistics industry is one of the major contributors to greenhouse gas emissions. Drones basically use far less energy per kilometer than delivery trucks. They run on batteries and do not emit any harmful carbon emissions. The multiple trips covered by trucks add up to releasing large tonnes of carbon dioxide into the atmosphere. Research has shown that if proper deployment of drones is done by minimizing extra warehousing and reducing the size of the UAVS then massive amounts of fuel consumption can be saved. These developments are still in the nascent stage. This will provide lucrative opportunities for the growth of the drone package delivery market in the subsequent years. 

Huge investment costs and issues related to weather

The initial infrastructural development for setting up a proper drone delivery network is complicated, time taking and very expensive. There are training costs, purchasing the drones, licenses, software, launch pads, battery facilities, and other operational expenses. As the drones are smaller in size than other modes of transport they are more likely to get affected due to bad weather conditions like rain, snow, or extreme wind. In addition to it, largescale public acceptance is still low due to privacy and security concerns. There are high chances of drone abuse like theft of the equipment and damage to the propeller systems etc. Hackers may be able to gain control over the drones thereby diverting their destination. All these problems will deter the growth of the drone package delivery market during the forecast period. 

Drone Package Delivery Market Segment Outlook

Based on product type, the services segment is expected to maintain the lead in the drone package delivery market share as online retailers and logistical organizations are developing newer drone delivery systems. Drone delivery service providers are catering to large applications for product delivery like food delivery, groceries delivery, postal, medical aids, retail, etc.

Based on application, the pharmacy segment will grow the highest in the drone package delivery market share as the healthcare industry is adopting drones to carry out medical supplies and equipment outside the premises of hospitals, pharmacies, laboratories, etc.

Based on region, North America will witness considerable growth in the drone package delivery market share due to a favorable regulatory environment, booming eCommerce industry, and heavy commercialization of drones with several startups and large company investments. 

Drone Package Delivery Market by Type

  • Software
  • Hardware
  • Service

Drone Package Delivery Market by Application

  • Supermarket
  • Pharmacy
  • Store
  • Other

Drone Package Delivery Market by Region

  • North America
  • Europe
  • Japan
  • China
  • Southeast Asia
  • India

Major Players in the Drone Package Delivery Market

  • Amazon
  • Boeing
  • FedEx
  • DHL
  • Matternet
  • Zipline
  • Drone Delivery Canada
  • Workhorse Group
  • Flirtey
  • Airbus

Scope of the Drone Package Delivery Market Report

Report Metric

Details

Report Name

Drone Package Delivery Market

The market size in 2020

USD 241.53 Million

The revenue forecast in 2027

USD 3694.38 Million

Growth Rate

Compound Annual Growth Rate (CAGR) of 57.55% from 2021 to 2027

Market size available for years

2021-2027

Forecast units

Value (USD)

Segments covered

Type, End-User, Offerings, and Region

Report coverage

Revenue & volume forecast, company share, competitive landscape, growth factors, and trends

Geographic regions covered

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

Frequently Asked Questions About This Report

1. What is the global market value of drone package delivery market report?

Ans. In 2020, the global drone package delivery market size will be USD 241.53 Million and it is expected to reach USD 3694.38 Million by the end of 2027, with a Compound Annual Growth Rate (CAGR) of 57.55% during the forecast period 2021-2027.

2. What are the upcoming trends in drone package delivery market?

Ans. The operating costs of a drone delivery service are lower than those of a vehicle delivery service. This, in turn, is projected to increase the growth of the drone package delivery market.

3. Which regions will provide more business opportunities for drone package delivery market in future?

Ans. North America will provide more business opportunities for drone package delivery market in future.

4. Which solution segment held the largest share in the drone package delivery market?

Ans.  The service segment is expected to be the most lucrative.

5. How can I get sample report/company profiles of global drone package delivery market?

Ans. The sample for global drone package delivery market report can be obtained on demand from the Valuates Reports website. Also, the 24*7 chat support and direct call services are provided to procure the sample report.

1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Drone Package Delivery Market Size Growth Rate by Type (2021-2027)
1.2.2 Software
1.2.3 Hardware
1.2.4 Service
1.3 Market by Application
1.3.1 Global Drone Package Delivery Market Share by Application (2021-2027)
1.3.2 Supermarket
1.3.3 Pharmacy
1.3.4 Store
1.3.5 Other
1.4 Study Objectives
1.5 Years Considered
2 Executive Summary
2.1 Global Drone Package Delivery Market Size
2.2 Drone Package Delivery Market Size by Regions
2.2.1 Drone Package Delivery Growth Rate by Regions (2021-2027)
2.2.2 Drone Package Delivery Market Share by Regions (2021-2027)
2.3 Industry Trends
2.3.1 Market Top Trends
2.3.2 Market Use Cases
3 Key Players
3.1 Drone Package Delivery Revenue by Players (2020-2021)
3.2 Drone Package Delivery Key Players Headquaters and Area Served
3.3 Key Players Drone Package Delivery Product/Solution/Service
3.4 Date of Enter into Drone Package Delivery Market
3.5 Mergers & Acquisitions, Expansion Plans
4 Breakdown by Type and by Application
4.1 Global Drone Package Delivery Market Size by Type (2021-2027)
4.2 Global Drone Package Delivery Market Size by Application (2021-2027)
5 North America
5.1 North America Drone Package Delivery Market Forecast (2021-2027)
5.2 Drone Package Delivery Key Players in North America
5.3 North America Drone Package Delivery Market Size by Type
5.4 North America Drone Package Delivery Market Size by Application
6.4.4 Canada
6 Europe
6.1 Europe Drone Package Delivery Market Forecast (2021-2027)
6.2 Drone Package Delivery Key Players in Europe
6.3 Europe Drone Package Delivery Market Size by Type
6.4 Europe Drone Package Delivery Market Size by Application
7 Japan
7.1 Japan Drone Package Delivery Market Forecast (2021-2027)
7.2 Drone Package Delivery Key Players in Europe
7.3 Japan Drone Package Delivery Market Size by Type
7.4 Japan Drone Package Delivery Market Size by Application
8 Rest of World
8.1 China
8.1.1 China Drone Package Delivery Market Analysis
8.1.2 Key Players in China
8.2 Southeast Asia
8.2.1 Southeast Asia Drone Package Delivery Market Analysis
8.2.2 Key Players in Southeast Asia
8.3 India
8.3.1 India Drone Package Delivery Market Analysis
8.3.2 Key Players in India
9 International Player Profiles
9.1 Amazon
9.1.1 Amazon Company Details
9.1.2 Amazon Description and Business Overview
9.1.3 Amazon Drone Package Delivery Introduction
9.1.4 Amazon Revenue in Drone Package Delivery Business (2020-2021)
9.1.5 Amazon Recent Development
9.2 Boeing
9.2.1 Boeing Company Details
9.2.2 Boeing Description and Business Overview
9.2.3 Boeing Drone Package Delivery Introduction
9.2.4 Boeing Revenue in Drone Package Delivery Business (2020-2021)
9.2.5 Boeing Recent Development
9.3 FedEx
9.3.1 FedEx Company Details
9.3.2 FedEx Description and Business Overview
9.3.3 FedEx Drone Package Delivery Introduction
9.3.4 FedEx Revenue in Drone Package Delivery Business (2020-2021)
9.3.5 FedEx Recent Development
9.4 DHL
9.4.1 DHL Company Details
9.4.2 DHL Description and Business Overview
9.4.3 DHL Drone Package Delivery Introduction
9.4.4 DHL Revenue in Drone Package Delivery Business (2020-2021)
9.4.5 DHL Recent Development
9.5 Matternet
9.5.1 Matternet Company Details
9.5.2 Matternet Description and Business Overview
9.5.3 Matternet Drone Package Delivery Introduction
9.5.4 Matternet Revenue in Drone Package Delivery Business (2020-2021)
9.5.5 Matternet Recent Development
9.6 Zipline
9.6.1 Zipline Company Details
9.6.2 Zipline Description and Business Overview
9.6.3 Zipline Drone Package Delivery Introduction
9.6.4 Zipline Revenue in Drone Package Delivery Business (2020-2021)
9.6.5 Zipline Recent Development
9.7 Drone Delivery Canada
9.7.1 Drone Delivery Canada Company Details
9.7.2 Drone Delivery Canada Description and Business Overview
9.7.3 Drone Delivery Canada Drone Package Delivery Introduction
9.7.4 Drone Delivery Canada Revenue in Drone Package Delivery Business (2020-2021)
9.7.5 Drone Delivery Canada Recent Development
9.8 Workhorse Group
9.8.1 Workhorse Group Company Details
9.8.2 Workhorse Group Description and Business Overview
9.8.3 Workhorse Group Drone Package Delivery Introduction
9.8.4 Workhorse Group Revenue in Drone Package Delivery Business (2020-2021)
9.8.5 Workhorse Group Recent Development
9.9 Flirtey
9.9.1 Flirtey Company Details
9.9.2 Flirtey Description and Business Overview
9.9.3 Flirtey Drone Package Delivery Introduction
9.9.4 Flirtey Revenue in Drone Package Delivery Business (2020-2021)
9.9.5 Flirtey Recent Development
9.10 Airbus
9.10.1 Airbus Company Details
9.10.2 Airbus Description and Business Overview
9.10.3 Airbus Drone Package Delivery Introduction
9.10.4 Airbus Revenue in Drone Package Delivery Business (2020-2021)
9.10.5 Airbus Recent Development
10 Market Dynamics
10.1 Industry Trends
10.2 Market Drives
10.3 Market Challenges
10.4 Market Restraints
11 Key Findings in This Report
12 Appendix
12.1 Research Methodology
12.1.1 Methodology/Research Approach
12.1.2 Data Source
12.2 Disclaimer
12.3 Author Details
List of Tables
    Table 1. Global Drone Package Delivery Market Size Growth Rate by Type (2021-2027) (US$ Million)
    Table 2. Key Players of Software
    Table 3. Key Players of Hardware
    Table 4. Key Players of Service
    Table 5. Global Drone Package Delivery Market Size Growth by Application (2021-2027) (US$ Million)
    Table 6. Global Drone Package Delivery Market Size by Regions (2021-2027) (US$ Million)
    Table 7. Global Drone Package Delivery Market Share by Regions (2021-2027)
    Table 8. Market Top Trends
    Table 9. Market Use Cases
    Table 10. Global Drone Package Delivery Revenue by Players (2020-2021) (US$ Million)
    Table 11. Global Drone Package Delivery Market Share by Players (2020-2021)
    Table 12. Key Players Headquarters and Area Served
    Table 13. Key Players Drone Package Delivery Product Solution and Service
    Table 14. Date of Enter into Drone Package Delivery Market
    Table 15. Mergers & Acquisitions, Expansion Plans
    Table 16. Global Drone Package Delivery Market Size by Type (2021-2027) (US$ Million)
    Table 17. Global Drone Package Delivery Market Size Share by Type (2021-2027)
    Table 18. Global Drone Package Delivery Market Size by Application (2021-2027) (US$ Million)
    Table 19. Global Drone Package Delivery Market Size Share by Application (2021-2027)
    Table 20. North America Key Players Drone Package Delivery Revenue (2020-2021) (US$ Million)
    Table 21. North America Key Players Drone Package Delivery Market Share (2020-2021)
    Table 22. North America Drone Package Delivery Market Size by Type (2021-2027) (US$ Million)
    Table 23. North America Drone Package Delivery Market Share by Type (2021-2027)
    Table 24. North America Drone Package Delivery Market Size by Application (2021-2027) (US$ Million)
    Table 25. North America Drone Package Delivery Market Share by Application (2021-2027)
    Table 26. Europe Key Players Drone Package Delivery Revenue (2020-2021) (US$ Million)
    Table 27. Europe Key Players Drone Package Delivery Market Share (2020-2021)
    Table 28. Europe Drone Package Delivery Market Size by Type (2021-2027) (US$ Million)
    Table 29. Europe Drone Package Delivery Market Share by Type (2021-2027)
    Table 30. Europe Drone Package Delivery Market Size by Application (2021-2027) (US$ Million)
    Table 31. Europe Drone Package Delivery Market Share by Application (2021-2027)
    Table 32. Japan Key Players Drone Package Delivery Revenue (2020-2021) (US$ Million)
    Table 33. Japan Key Players Drone Package Delivery Market Share (2020-2021)
    Table 34. Japan Drone Package Delivery Market Size by Type (2021-2027) (US$ Million)
    Table 35. Japan Drone Package Delivery Market Share by Type (2021-2027)
    Table 36. Japan Drone Package Delivery Market Size by Application (2021-2027) (US$ Million)
    Table 37. Japan Drone Package Delivery Market Share by Application (2021-2027)
    Table 38. Key Players in China
    Table 39. Key Players in Southeast Asia
    Table 40. Key Players in India
    Table 41. Amazon Company Details
    Table 42. Amazon Description and Business Overview
    Table 43. Amazon Drone Package Delivery Product
    Table 44. Amazon Revenue in Drone Package Delivery Business 2020 and 2021
    Table 45. Amazon Recent Development
    Table 46. Boeing Company Details
    Table 47. Boeing Description and Business Overview
    Table 48. Boeing Drone Package Delivery Product
    Table 49. Boeing Revenue in Drone Package Delivery Business 2020 and 2021
    Table 50. Boeing Recent Development
    Table 51. FedEx Company Details
    Table 52. FedEx Description and Business Overview
    Table 53. FedEx Drone Package Delivery Product
    Table 54. FedEx Revenue in Drone Package Delivery Business 2020 and 2021
    Table 55. FedEx Recent Development
    Table 56. DHL Company Details
    Table 57. DHL Description and Business Overview
    Table 58. DHL Drone Package Delivery Product
    Table 59. DHL Revenue in Drone Package Delivery Business 2020 and 2021
    Table 60. DHL Recent Development
    Table 61. Matternet Company Details
    Table 62. Matternet Description and Business Overview
    Table 63. Matternet Drone Package Delivery Product
    Table 64. Matternet Revenue in Drone Package Delivery Business 2020 and 2021
    Table 65. Matternet Recent Development
    Table 66. Zipline Company Details
    Table 67. Zipline Description and Business Overview
    Table 68. Zipline Drone Package Delivery Product
    Table 69. Zipline Revenue in Drone Package Delivery Business 2020 and 2021
    Table 70. Zipline Recent Development
    Table 71. Drone Delivery Canada Company Details
    Table 72. Drone Delivery Canada Description and Business Overview
    Table 73. Drone Delivery Canada Drone Package Delivery Product
    Table 74. Drone Delivery Canada Revenue in Drone Package Delivery Business 2020 and 2021
    Table 75. Drone Delivery Canada Recent Development
    Table 76. Workhorse Group Company Details
    Table 77. Workhorse Group Description and Business Overview
    Table 78. Workhorse Group Drone Package Delivery Product
    Table 79. Workhorse Group Revenue in Drone Package Delivery Business 2020 and 2021
    Table 80. Workhorse Group Recent Development
    Table 81. Flirtey Company Details
    Table 82. Flirtey Description and Business Overview
    Table 83. Flirtey Drone Package Delivery Product
    Table 84. Flirtey Revenue in Drone Package Delivery Business 2020 and 2021
    Table 85. Flirtey Recent Development
    Table 86. Airbus Company Details
    Table 87. Airbus Description and Business Overview
    Table 88. Airbus Drone Package Delivery Product
    Table 89. Airbus Revenue in Drone Package Delivery Business 2020 and 2021
    Table 90. Airbus Recent Development
    Table 91. Drone Package Delivery Market Trends
    Table 92. Drone Package Delivery Market Drivers
    Table 93. Drone Package Delivery Market Challenges
    Table 94. Drone Package Delivery Market Restraints
    Table 95. Research Programs/Design for This Report
    Table 96. Key Data Information from Secondary Sources
    Table 97. Key Data Information from Primary Sources
List of Figures
    Figure 1. Global Drone Package Delivery Market Share by Type in 2021 & 2027
    Figure 2. Software Features
    Figure 3. Hardware Features
    Figure 4. Service Features
    Figure 5. Global Drone Package Delivery Market Share by Application in 2021 & 2027
    Figure 6. Supermarket Case Studies
    Figure 7. Pharmacy Case Studies
    Figure 8. Store Case Studies
    Figure 9. Other Case Studies
    Figure 10. Drone Package Delivery Report Years Considered
    Figure 11. Global Drone Package Delivery Market Size and Growth Rate (2020-2027) (US$ Million)
    Figure 12. Global Drone Package Delivery Market Share by Regions (2020-2027)
    Figure 13. Global Drone Package Delivery Market Share by Players in 2021
    Figure 14. Global Drone Package Delivery Market Size Market Share by Type (2021-2027)
    Figure 15. Global Drone Package Delivery Market Size Market Share by Application (2021-2027)
    Figure 16. Global Drone Package Delivery Revenue Market Share by Application in 2021
    Figure 17. North America Drone Package Delivery Market Size 2021-2027 (US$ Million)
    Figure 18. Europe Drone Package Delivery Market Size 2021-2027 (US$ Million)
    Figure 19. Japan Drone Package Delivery Market Size 2021-2027 (US$ Million)
    Figure 20. Drone Package Delivery Market Size in China (2021-2027) (US$ Million)
    Figure 21. Drone Package Delivery Market Size in Southeast Asia (2021-2027) (US$ Million)
    Figure 22. Drone Package Delivery Market Size in India (2021-2027) (US$ Million)
    Figure 23. Bottom-up and Top-down Approaches for This Report
    Figure 24. Data Triangulation
    Figure 25. Key Executives Interviewed
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