Delivery/Shipping Drones Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

  • To Be Published : Jul 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Delivery or Shipping drones are unmanned aerial vehicles used for transportation of small goods such as food, beverages, medicines, and automotive equipment. Delivery drones market is in development phase and it is projected to offer major growth potential over the forecast period, owing to time saving characteristics and reduced efforts from human workforce.

Increasing labor costs in emerging economies are expected to fuel growth of delivery/shipping drones market

Daily gross of the manual workforce required for transport and shipping of goods has witnessed considerable surge over the last few years. For instance, according to U.S. Bureau of Labor Statistics, average private industry worker salary registered an increase 2.6% over the twelve-month period. Increasing wages are challenging for business development, which is creating demand for automated products. Delivery drones have are gaining significant traction, owing to ease of operation and reduced time of delivery, which is expected boost growth of the market over the forecast period.

Moreover, predominant requirement of transportation and logistics in B2C business segments, such as ecommerce and food & beverages are anticipated to be the primary users of this technology. According to Coherent Market Insights, 15% of the total shipping workforce in these business sectors is projected to be replaced by delivery drones by 2025.

Delivery Shipping Drones Market Taxonomy

On the basis of drone types, the global delivery shipping drones market is segmented into:

  • Fixed wing drones
  • Rotary blade drones
  • Hybrid drones

On the basis of end users, the global delivery shipping drones market is segmented into:

  • Food & beverages
  • Healthcare
  • Retails & Logistics
  • Others (Defense, Disaster management, Automotive)

Integration of Artificial Intelligence (AI) into drones is expected to accelerate growth of delivery/shipping drones market

Integration of Artificial Intelligence into drones can enhance the performance of delivery drones. Moreover, time spent in road navigation, traffic congestions and other forms of shipping means can be considerably reduced by air transport. However, high cost associated with device is may restrain growth of the market. Market players from shipping industry are involved in evaluating the probability of the technology for its utilization and related benefits. For instance, in September 2015, DHL introduced parcelcopter to deliver medications and urgently needed commodities to remote island, Juist. Moreover, many other companies that include Dominos, FedEx, United Parcel Services (UPS), Amazon and AMP holdings have planned strategies for the adoption of delivery drones in near future.

Regulatory restrictions on use of commercial drones are expected to hamper growth of the market over the forecast period.

Stringent regulations that restrict the usage of UAVs under certain norms and conditions, such as the Federal Aviation Administration (FAA) in U.S., are expected to hinder the industry growth over the forecast period. It restricts the users through allowing the usage of UAVs only within the line of sight and mandating the usability on only one drone at a time by a user. However, the U.S. government has showcased interests in the development of the technology by allowing Amazon and NASA to perform pilot projects

Integrated cameras to enhance the surrounding awareness has resulted into privacy concerns of the surrounding residents. Furthermore, liability issues in case of a crash or damage of any sort is expected to pose a major challenge for growth of this market. This is expected to restrain growth of delivery drones market over the forecast period.

Major players operating in shipping drones market include Airware, DJI, Skycatch, 3D robotics, senseFly, AeroVironmenment, and Elbit Systems.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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