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Drone Package Delivery Market to Reach $31,188.7 Million by 2028; Infrastructural Development & Commercialization of UAV Services Ecosystem to Fuel Market Growth

November 11, 2021 | Aerospace & Defense

The global drone package delivery market size is anticipated to witness monumental growth by reaching USD 31,188.7 million by 2028. Fortune Business Insights™, in its report titled “Drone Package Delivery Market Size, Share & COVID-19 Impact Analysis, By Type (Fixed Wing, Rotary Wing, and Hybrid), By Package Size (Less Than 2 Kg, 2-5 Kg, and Above 5 Kg), By End-use (Restaurant & Food Supply, E-commerce, Healthcare, Retail Logistics & Transportation and Others), and Regional Forecast, 2021-2028.” The market size stood at USD 988.9 million in 2020 and USD 1,522.4 million in 2021. It is further expected to exhibit a CAGR of 53.94% between 2021 and 2028. The growing demand for safer and faster package delivery based on Artificial Intelligence (AI) and the surging investments in the UAV industry is projected to bolster the market growth.


Market to Derive Benefit as Drone Delivery Canada Corp. Signs Multiple Agreements with Numerous Recognized Companies


In July 2021, Drone Delivery Canada Corp. signed multiple agreements to deploy DDC’s patented drone delivery infrastructure at the Edmonton International Airport. Drone Delivery Canada Corp. signed multiple agreements with Apple Courier Express Ltd., Edmonton International Airport, and Zing Final Mile Inc. to provide drone delivery solutions for business-to-business logistics from Edmonton International Airport to various destinations. It is the first commercial contract of the company with courier companies and in Alberta. It will be the first deployment to use an automatic drone delivery solution at Edmonton International Airport to provide B2B cargo delivery.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/drone-package-delivery-market-104332


Infrastructural Development to Augment Market Growth


The sudden emergence of the coronavirus pandemic and the increasing global warming have created lucrative opportunities for the market. The commercialization of UAV services during the pandemic has created immense demand for the platform. It has created immense demand for drone package delivery, especially for the last-mile delivery of some products. The growing demand for safer and faster package delivery based on AI has resulted in increased private investments in recent years due to the growing popularity of drones.


The key players in the market are developing cost-effective technologies and components to carry heavy payloads for long distances. Hence, the increasing development of drone delivery infrastructure due to these factors is likely to augment the global drone package delivery market growth in the coming years.


Key Players Adopt Partnerships & Collaborations to Accumulate Market Growth


The market mainly comprises technology-based companies with robust product offerings and excellent distribution networks across developing and developed economies. The Deutsche Post DHL, UPS, and Zipline International hold dominance in the market. The key players emphasize developing safe, accurate, and low-cost services in the market. The businesses operating in the market are devising innovative growth strategies such as new product launches, technological developments, mergers, partnerships, acquisitions, and collaborations to gain growth impetus.


For instance, Drone Delivery Canada Corp. signed a commercial agreement with DSV Air & Sea Inc. Canada in June 2021 to renew and extend the existing contract for drone package delivery services.


Industry Developments-



  • July 2021: Drone Delivery Canada Corp. signed multiple agreements with Apple Courier Express Ltd., Edmonton International Airport, and Zing Final Mile Inc. to provide drone delivery solutions for business-to-business logistics from Edmonton International Airport to various destinations.


Key Players in the Market are:



  • Amazon Inc. (Seattle, Washington, U.S.)

  • FedEx (Memphis, Tennessee, U.S.)

  • UPS Flight Forward Inc. (Atlanta, Georgia, U.S.)

  • Deutsche Post DHL Group (Bonn, Germany)

  • Matternet Inc. (Mountain View, California, U.S.)

  • Zipline Inc. (South San Francisco, California, U.S.)

  • Flirtey Holdings Inc. (Reno, Nevada, U.S.)

  • Drone Delivery Canada Corp. (Vaughan, Ontario, Canada)

  • Flytrex Aviation Ltd. (Tel Aviv, Israel)

  • Workhorse Group Inc. (Loveland, Ohio, U.S.)

  • Wing Aviation LLC (Mountain View, California, U.S.)

  • Skycart Inc. (San Jose, California, U.S.)

  • Altitude Angel Limited (Reading, U.K.)

  • Manna Drones Inc. (Dublin, Ireland)

  • Wingcopter GmbH (Darmstadt, Hessen, Germany)

  • Volansi Inc. (Concord, California, U.S.)

  • Swoop Aero Pty. Ltd. (Docklands, Victoria, Australia)


Further Report Findings-



  • The market in North America stood at USD 372.4 million in 2020 and is projected to emerge dominant in the global drone package delivery market share due to the growing online shopping trend on e-commerce platforms.

  • The growth in North America is also attributable to the increasing investments by key players, including UPS, FedEx, Volansi, Zipline, and others, which are likely to complement the market’s growth. Additionally, the favorable FAA regulations in the U.S. are also expected to favor the growth of the market.

  • According to the segmentation based on type, the hybrid segment is anticipated to gain the highest share in the global market. The wide adoption of hybrid drones across industrial and commercial applications due to their operational sustainability is expected to boost the growth of the segment.


Table of Segmentation











































  ATTRIBUTE



  DETAILS



Study Period



2017-2028



Base Year



2020



Forecast Period



2021-2028



Historical Period



2017-2019



Unit



Value (USD million)



Segmentation



By Type



  • Fixed Wing

  • Rotary Wing

  • Hybrid



By Package Size



  • Less Than 2 Kg

  • 2-5 Kg

  • Above 5 Kg



By End-use



  • Restaurant & Food Supply 

  • E-commerce

  • Healthcare

  • Retail Logistics & transportation 

  • Others



By Geography



  • North America (By Type, Package Size, End-use, and Country)

    • U.S. (End-use)

    • Canada (End-use)



  • Europe (By Type, Package Size, End-use, and Country)

    • U.K. (End-use)

    • Germany (End-use)

    • France (End-use)

    • Italy (End-use)

    • Spain (End-use)

    • Russia (End-use)

    • Rest of Europe (End-use)



  • Asia Pacific (By Type, Package Size, End-use, and Country)

    • Japan (End-use)

    • China (End-use)

    • India (End-use)

    • Australia (End-use)

    • Southeast Asia (End-use)

    • Rest of Asia Pacific (End-use)



  • Rest of World (By Type, Package Size, End-use, and Country)

    • Latin America (End-use)

    • Middle East & Africa (End-use)




Global Drone Package Delivery Market
  • PDF
  • 2020
  • 2017-2019
  • 200

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

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