Delivery Drones Market to Surpass US$ XX Million by 2026 - Coherent Market Insights

Published On : Jan 29, 2019

The global delivery drones market was valued at US$ XX million in 2017, and is projected to reach US$ XX million by 2026, exhibiting a CAGR of XX% over the forecast period, according to Global Delivery Drones Market Report, by Drone Type (Fixed-Wing, Rotary Blade, and Hybrid Drones), by Application (E-Commerce, QSR, Healthcare, and Others), by Component (Airframe, Controller System, Propulsion System, and Others), and by Region (North America, Europe, Asia Pacific, and LAMEA), published by Coherent Market Insights.

Delivery drones are designed to provide higher payload output for delivery of products in different application sector. Delivery drones can be used in the transportation of goods from one place to another, with significant cost cuttings and timesaving. It is used in different application areas such as remote areas, military operations, and e-commerce sector. These drones have remarkable weight carrying capability for enormous weight lifting, increased range compared to other drones, better controllability over the instrument, and innovated features such as vertical take-off and landing. Moreover, adoption of hybrid electric-gas drones has increased owing to larger fuel & power output efficiency, heavier payloads, increased flight time, and increased ranges, which is expected to aid growth of the market,. For instance, Top Flight’s hybrid drones can fly over 2.5 hours of time, enabling ranges up to 100 miles, and payload capacity up to 20 pounds.

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/delivery-drones-market-2460

Key Trends and Analysis of the Global Delivery Drones Market:

  • Among drone type, hybrid drones segment is expected to exhibit the highest growth rate during the forecast period. This is owing to the capacity of hybrid drones that allows to carry higher payloads for larger distances. For instance, according to Top Flight Technologies, Hybrid Gas-to-Electric Drones offers order-of-magnitude increase in flight range, payload size, and power control over battery-powered counterparts.
  • Among application, e-commerce segment is expected to be the fastest growing application during the forecast period, owing to increasing demand for delivery drones for delivery of products in order to reduce transportation cost and time. According to Coherent Market Insights’ analysis’, several e-commerce companies are trying to avail contract from governments of different countries for taking permission for the usage of drones for product delivery, owing to stringent regulations on the usage of drones by Federal Aviation Administration (FAA).

Key Takeaways of the Market:

  • According to Coherent Market Insights’ analysis, North America is the leading region in the global delivery drones market and is expected to witness high growth over the forecast period. Increasing use of UAVs/drones for commercial and military applications are the major factors for growth of the North America delivery drones market. Based on Coherent Market Insights’ estimations, North America drones industry is estimated to be valued at US$ 3.7 billion in 2018, and it is projected to increase at a CAGR of 14.15% during the forecast period. This is owing to rising demand for delivery drones in different end-use applications such as food delivery by quick service restaurants, pharmaceutical supply in case of medical emergency, military operations, and e-commerce sector in the region.
  • According to Coherent Market Insights’ research, China is one of the leading countries in terms of market share in the Asia Pacific delivery drones market. The country is expected to grow at the highest CAGR during the forecast period, owing to increasing usage and adoption of delivery drones in China’s largest e-commerce sector in the world. For instance, drones are extensively used in China to deliver goods in remote and mountainous areas where it is difficult for transport vehicles to reach. Expansion of delivery drones market in China is majorly attributed to two rival e-commerce companies JD.com and Alibaba, who are responsible for increasing the adoption of drones in the e-commerce industry of China.
  • Some of the major players operating in the global delivery drones market include The Boeing Company, Airbus SE, CyPhy Works, JD.com, SKYCART Inc., Drone America, Matternet, SZ DJI Technology Co. Ltd., and others

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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