PUBLISHER: Allied Market Research | PRODUCT CODE: 1179547
PUBLISHER: Allied Market Research | PRODUCT CODE: 1179547
Package delivery drone also referred as unmanned aerial vehicle or unmanned aircraft systems is an aerial vehicle utilized for transportation of food, medical supplies, and other goods. These drones deliver goods in less time and with high accuracy with minimum intervention of humans. These drones are controlled through automation systems that aids in reduction in labor costs and human errors. These package delivery drones also provide several benefits such as reduction in distribution costs and faster deliveries as well as reduction in urban traffic and CO2 emissions. Moreover, cargo and logistics transportation organizations have also started to adopt drones for delivering goods to remote areas, vertical take-off and landing along with its ability to fly at high speeds makes drones suitable for a range of delivery options.
The ability to vertically take-off and land, without the need for a launcher or runaway, provides these unmanned aerial vehicles the capability to be operated in almost any location. The fixed-wing design provides greater endurance, higher ability to cover longer distances, and the option to fly faster, letting operators to fly aerial vehicles for longer and cover more ground when compared to a multi-rotor UAV or a fixed-wing UAV. In addition, few countries are focusing on developing drone-based mail delivery services with the aid of hybrid drones, which boosts the growth of the market. For instance, in June 2022, TechEagle, a drone delivery startup has collaborated with Indian Postal Department for a pilot project to deliver mail with the help of drone technology in Kutch, Gujarat. During the pilot project, TechEagle's Hybrid e-VTOL Drone Vertiplane X3, covered a total aerial distance of 46 kms in less than 30 minutes.
Growth of the global drone package delivery market has propelled, owing to rise in demand for time-efficient delivery service, rise in demand for drones in last mile delivery, and technological advancements. However, limited operational bandwidth of drones, cybersecurity issues associated with drones, and short flying duration of drone hamper growth of the market. Furthermore, revamped government regulatory framework is the factor expected to offer growth opportunities during the forecast period.
The drone package delivery market is segmented on the basis of drone type, range, package size, operation mode, end-use, and region. By drone type, it is segmented into fixed-wing, rotary wing, and hybrid. By range, it is classified into short-range and long-range. By package size, it is fragmented into less than 2 kg, between 2 kg and 5 kg, and greater than 5 kg. By operation mode, it is segmented into remotely piloted, partially autonomous, and fully autonomous. By end-use, it is categorized into logistics, healthcare & pharmaceuticals, retail & e-commerce, foods & beverages, and others. By region, the report is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits For Stakeholders
By Drone Type
By Range
By Package size
By Operation Mode
By End-use
By Region