The “Global Delivery Drones Market, by Drone Type (Fixed Wing, Rotor Drone, and Hybrid Drones), by Application (E-commerce, Quick-service Restaurants (QSR), and Healthcare), by Component (Airframe, Controller System, Propulsion System, and Others (Sensors/Battery/Camera)), and by Geography (North America, Europe, Asia Pacific, and Latin America, Middle East & Africa) - Global Forecast to 2027”, is expected to be valued at US$ 3,802.5 million by 2027, witnessing a CAGR of 38.5% during the forecast period (2019-2027), as highlighted in a report published by Coherent Market Insights.
Rising demand for delivery drones across the globe is driving growth of the global delivery drones market. For instance, in September 2019, Flirtey, a Nevada-based drone delivery company, launched a new delivery drone, the Flirtey Eagle, to deliver on-demand goods.
In February 2019, Poeir Jets Pvt. Ltd, a research & development subsidiary of Intech DMLS, introduced its heavy lift hybrid drones with 3D printed parts in India.
Increasing use of delivery drones in various industries such as healthcare, food, and others is driving growth of the market. For instance, in June 2019, in Gurugram, India, an India-based online ordering and food delivery platform, Zomato, tested its first food delivery via drone technology.
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