Market Research Report
Drone Package Delivery
|Published by||Global Industry Analysts, Inc.||Product code||994542|
|Published||Content info||163 Pages
Delivery time: 1-2 business days
|Drone Package Delivery|
|Published: April 1, 2021||Content info: 163 Pages||
Global Drone Package Delivery Market to Reach $4.6 Billion by 2027
Amid the COVID-19 crisis, the global market for Drone Package Delivery estimated at US$462.3 Million in the year 2020, is projected to reach a revised size of US$4.6 Billion by 2027, growing at aCAGR of 38.8% over the period 2020-2027. Short Duration (Below 30 Minutes), one of the segments analyzed in the report, is projected to record 37.7% CAGR and reach US$2.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Long Duration (30 Minutes & Above) segment is readjusted to a revised 40.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $139.8 Million, While China is Forecast to Grow at 36.7% CAGR
The Drone Package Delivery market in the U.S. is estimated at US$139.8 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$736.5 Million by the year 2027 trailing a CAGR of 36.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 35% and 33.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 26.5% CAGR.
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