Drone Package Delivery Market Seen to Grow

The drone package delivery market is seen to grow in the next decade, according to the report “Drone Package Delivery Market by Solution, Type Range, Package Size, Duration, End Use, Region- Global Forecast to 2030.”  

The projection for growth is from USD 528 million in 2020 to USD 39,013 million by 2030, at a CAGR of 53.8% from 2020 to 2030, says the report. Factors contributing to the drone package delivery market growth include among others:

路       growing demand for fast delivery

路       rising amendments in regulatory frameworks to encourage drone package delivery

路       increasing demand for lowering carbon emission

The report further presents forecast based on solution, type range, package size, duration, end use, and region-global projections:

路       Based on solution, the service segment is projected to lead the drone package delivery market during the forecast period.

路       Based on package size, the <2 kilograms segment is projected to lead the drone package delivery market from 2020 to 2030.

路       Based on type, the hybrid segment is projected to grow at the highest CAGR during the forecast period.

路       Based on end-use, the medical aids delivery is projected to lead the drone package delivery market from 2020 to 2030.

路       The North American and Asia Pacific regions are projected to be high growth potential markets for the drone package delivery during the forecast period.

The demand for package delivery by drones has been more evident in the past year of the pandemic with many institutions relying on drones to deliver medical goods and essential supplies.

With vaccines now available, San Francisco-based company Zipline  recently began delivering Oxford-AstraZeneca鈥檚 Covid-19 vaccine doses using autonomous drones, as part of the COVAX initiative, a project working to expedite production and equitable worldwide access to coronavirus vaccines, as well as tests and treatments, according to an article by Smithsonian Magazine.

Because of the growing need for drone package delivery, the FAA proposed In November, 2020 airworthiness criteria for type certification of delivery drones with an intent to initialize commercial operations. 10 companies were selected for this type certification, including Zipline, Wingcopter, and Amazon Prime Air. (Wikipedia)

There is no denying the popularity of drones continues to grow, and their usefulness and functions keep expanding. As this article states, drone technology is in constant evolution paving the way for future cutting-edge development.


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