In-Depth Analysis of the COVID-19 Impact on Global Drone Delivery Services Market
Last mile delivery is the very inefficient and unproductive part in today’s e-Commerce supply chains. E-Commerce businesses are continuously looking for solutions to cut last mile delivery times and minimize the cost associated with it. E-Commerce giants like Amazon are investing heavily in advanced technologies associated with artificial intelligence, robots, drones etc. The concept of drone delivery services has begun with Amazon announcement in December 2013, delivery system designed to get packages to the customer end in less than 30 minutes using miniature unmanned aerial vehicles (UAV) technology, which is still in prototype phase.In 2022, it is expected that the market for drone delivery services would be worth US$ 322.2 Million. Sales of drone delivery services are anticipated to increase at a CAGR of 33.0 percent from 2022 to 2032, reaching a value of US$ 5,596 million. The historical period from 2016 to 2021 had a 5.8 percent value CAGR in demand for drone delivery services.The Weather Company, an IBM Business, one of the largest private weather enterprises in the world is joining hand with AirMap to deliver hyperlocal weather data. Domino’s Pizzas want to use the DomiCopter to deliver its hot pizzas and Taobao marketplace an online customer to customer and ecommerce platform has trailing tea deliveries in China. As the drone delivery services market expands overtime, it is anticipated that the trend of out sourcing delivery services by e-Commerce businesses to other businesses that own and operates a drone fleet.At present, the drones are developed in house or in association with some research & development organizations. The market is expected to witness entry of many new startups.Drone Delivery Services: Market DynamicsAt present, the drone delivery services market is in its introduction stage. The operations costs are high due to the fact that it’s a new technology and the limitation on carrying weights. The common weight carried by drones’ ranges between 1 to 12 Kg. The delivery distance ranges up to maximum 12 to 15 kms. The lack of sophisticated battery technology is hampering the drone delivery services market. Drone delivery services players are increasingly focusing on making batteries cheaper and efficient.The immature and complex regulations related to drone delivery services is the other restraint factor hampering the growth of drone delivery services market. Still, some countries have not drafted the regulations and some are on the way. For e.g., the Government of India is drafting the drone delivery services regulations and it is expected to be ready by year 2018. The main advantage of drone delivery services market is access to a huge untapped e-Commerce market opportunity in rural places.In populous countries like India and China, majority of the population still lives in rural part. Drones provides access to remote areas and cut the operations costs. With the drone delivery services, the customer is not necessarily pre informed and wait for receiving his packages. Drone delivery will improve the instant gratification at consumer end and it will provide a competitive edge for businesses.Drone Delivery Services Market: Regional outlookDrone delivery services market has been segmented on the basis of region into North America, Latin America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Middle East & Africa (MEA), and Japan. North America is expected to dominate the overall global drone delivery services market, followed by Western Europe. This is due to increasing investments, launching of new startups related to drone delivery services market. China, South Korea and India are expected to drive the APEJ drone delivery services market.Key Segments Profiled in the Drone Delivery Services Industry SurveyDrone Delivery Services Market by Delivery Distance:Close Range Drone Delivery Services
Short Range Drone Delivery Services
Mid-Range Drone Delivery Services
Endurance Drone Delivery Services
Drone Delivery Services Market by Propellers:Tri uadcopter Drones
Hexacopter Drones
Octocopter Drones
copter Drones
QDrone Delivery Services Market by End Use:
Drone Delivery Services for E-Commerce
Drone Delivery Services for Weather Monitoring
Drone Delivery Services for Emergency Aids
Drone Delivery Services for Other End Uses
Drone Delivery Services Market by Region:North America Drone Delivery Services Market
Latin America Drone Delivery Services Market
Europe Drone Delivery Services Market
Asia Pacific Drone Delivery Services Market
Middle East & Africa (MEA) Drone Delivery Services Market
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