Drone Delivery Service Market Scope and Opportunities Analysis 2023-2030

Posted by BIS RSRCH on December 18th, 2020

The global drone delivery service market is expected to witness significant growth in the forecast period 2023-2030, primarily due to a rising demand for fast package delivery in urban and remote areas. The scope of study majorly focuses on the package delivery service providers using drone. The delivery drones are majorly used for delivering small packages for medical aids, food, mails, and other retail industry packages. The report also concentrates on the opportunities for delivery drone services as a courier partner as well as e-commerce delivery option.

The market research study offers a wide perspective on drone delivery service in different drone types, package size, range, and application. Further, it analyzes the impact on different regions by providing critical insights into the direction of its future expansion. The research is based on extensive primary interviews (in-house experts, industry leaders, and market players) and secondary research (a host of paid and unpaid databases), along with the analytical tools that have been used to build the forecast and the predictive models.

Evolving legislation and rapid technological developments in drones or unmanned aerial vehicle are expected to open opportunity for implementation in the last-mile delivery of products on a larger scale. The cost involved per delivery is expected to reduce by the use of delivery drones. It is expected to be as a potential market disruptor to the parcel delivery industry. Online e-commerce retailers, parcel delivery companies such as Amazon, UPS, Alibaba, DHL, Swiss Post are already testing the delivery drones. The companies has filed up patents for the development of delivery drones and multi-level fulfilment centers that would allow the deployment of this technology within the regulations.  Also, considerable research has been carried out in the last few years on the potential use of drones for last-mile parcel delivery, majorly in the industry of logistic optimization.

The introduction of drones in the delivery service market has rapidly transformed the process deliveries, further leading to a change in consumer behavior. The drones or autonomous unmanned aerial vehicles (UAVs) are a popular option for last-mile deliveries, essentially of parcels, for remote or rural areas with less population density. Since it is expected that instant or same-day delivery will grow in the next ten years, door-to-door delivery has been a major area of research by several firms such as Google, DHL, UPS, and Amazon, among others. Some of these companies are testing drone delivery service since 2005 and are expected to launch their services by 2023.

The global drone delivery service market is expected to witness a high growth rate during the forecast period 2023-2030, owing to the growing demand of instant or same day delivery globally. Moreover, the need of contact less deliveries for the safety of consumers as well as service providers especially during medical emergencies such as COVID-19 or any communal disease spread is also a major driving factor of the drone delivery service market. However, the lack of consumer's acceptance toward autonomous UAVs and congested urban airspace act as major challenges for the market.

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The drone delivery service market is majorly growing due to the increasing demand of instant deliveries especially in the case of medical supplies and food essentials. Drone regulations and rapid advancements in technologies related to UAVs are also playing an important role in the market growth. The growing need of healthcare deliveries such as blood samples and medicines especially in remote areas or during any global epidemic are also one of the major reasons behind the expected drift from traditional package delivery system to drone delivery services.

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Joined: March 5th, 2020
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