Drone Delivery Market Trends, Revenue and Forecast Till 2030

Posted by BIS RSRCH on March 22nd, 2021

The global drone delivery market is expected to witness significant growth in the forecast period 2023-2030, primarily due to the rising demand for fast package delivery in urban and remote areas. The scope of study majorly focuses on the package delivery providers using drones. 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 options.

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Evolving legislation and rapid technological developments in drones or unmanned aerial vehicles are expected to open opportunities 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 a potential market disruptor to the parcel delivery industry. Online e-commerce retailers and parcel delivery companies such as Amazon, UPS, Alibaba, DHL, and Swiss Post are already testing the delivery drones. The companies have filed up patents for the development of delivery drones and multi-level fulfillment 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 package delivery has rapidly transformed the process of deliveries, further leading to a change in consumer behavior. Drones or autonomous unmanned aerial vehicles (UAVs) are a popular option for last-mile deliveries, essentially 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. Some of these companies have been testing drone delivery since 2005 and are expected to launch their services by 2023.

The drones that can autonomously provide delivery in a range of 15.5 miles or more with package sizes up to 22 lbs. within 30 minutes are known as delivery drones. These types of drones provide blood samples and other medical aids in remote areas to serve patients or the needy on time. The type of drone and package delivered vary and depend on the industry type, application, and urgency of the parcel.

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The global drone delivery market is expected to witness a high growth rate during the forecast period 2023-2030, owing to the growing demand for instant or same-day delivery globally. Moreover, the need for contactless 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 market. However, the lack of consumer acceptance toward autonomous UAVs and congested urban airspace act as major challenges for the market. 

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BIS RSRCH

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BIS RSRCH
Joined: March 5th, 2020
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