1. Market Research
  2. > Retail
  3. > Non-Store Retail
  4. > E-Commerce Market Trends
Global Package Drones - Market and Technology Forecast to 2029

Global Package Drones - Market and Technology Forecast to 2029

  • August 2021
  • 199 pages
  • ID: 6151179
  • Format: PDF
  • Market Forecast

Summary

Table of Contents

Package Drones are used to transport lightweight parcels from the sellers to the buyers. The Buyers in this case range from e-commerce websites to retail stores. The growth in the retail and e-commerce market is expected to be one of the key drivers of this market. Moreover, the increasing purchasing power of the consumers is anticipated to increase a buyer's propensity to use e-commerce platforms.

The overall market for Package Drones is segmented by Region, Type, and End-Users. In terms of Region, the North American market is expected to have the highest growth rate followed by Europe and APAC. The total market size for the North American Package Drones sector is estimated to be around USD 40 Billion. Consecutively, the European vertical accounts for roughly half the value of the North American Market. This change in market trends is predominantly due to increased RandD infrastructure offered by the North American Market.

On making a cumulative analysis, the market is seen to expand with a CAGR of roughly 48%. The expanding market size is mainly due to the growing consumer base for e-commerce platforms. The US e-commerce market is expected to grow by a value of 17.1% in the year 2021 to attain a value of USD 933 Billion. As compared to the year 2019, the sales for e-commerce websites within the US have doubled. This growth is attributed to the onset of the pandemic, COVID-19. The number of visitors to online shopping platforms has increased marginally within the past 3 years. Between the years 2019 and 2020, the revenue generated via Amazon has increased from a value of USD 280.52 Billion to a value of 386.06 Billion, the increase in online sales could act as a driver to this market.

In terms of End-Users, both Retail and Food Delivery Verticals account for a major share of the value chain for this market. Both the segments are expected to grow with a CAGR of roughly 46% each.

As of 2020, Package Drones are witnessed to have a transportation capacity of roughly 2Kgs. The weight criteria serve as a key market challenge for this sector. Therefore, technology developers are focused on increasing the payload capacity associated with Package Drones. The delivery rates for retail goods and consumables' between the weight limit of 2-5Kgs is expected to increase within the forecast period.

The Drones Market is majorly characterized as Unmanned, and Manned Systems. Amongst the two categories, the market for unmanned drones is expected to grow at a faster growth rate due to burgeoning market trends like Industry 4.0. The inclusion of unmanned drones would reduce the probability of human error and increase the customer satisfaction rate. Key companies like Amazon, Uber, and FedEx are currently competing for Drone delivery space. As of 2018, the company Uber envisioned the incorporation of drones with the Uber Eats service provided by the company. The test runs for this technology are commencing during the summer, 2021.

Google's owner Alphabet is also one of the companies that competed for airspace with other drone manufacturers. The project Wing was initiated by Alphabet in the year 2014. The program gained its name in the year 2018 when it became independent from the company, Alphabet. The wing was the first UAV to receive an FAA certification from the US Department of Transportation in April 2019.

Alphabet's Wing drone weighs 4.8Kg / 11 lbs and has a wingspan of roughly 4.3 ft / 1 meter. The drone has the ability to carry packages (payload) with a weight of roughly 1.5Kg / 3.3lb. Wing's uses 12 fuselage mounted lift propellers for hover and two wing-mounted propellers for cruise flight at up to 113kph / 70mph at an altitude of c. 45m / 150 ft. While making deliveries, Wing's Drones hover 23 ft / 7 meters above the ground. The drove delivers packages by lowering suspension cables that are retracted after the package reaches the ground.

Standard FAA certification limits the mobility of an autonomous package drone. UAVs are generally forbidden from flying beyond the line of sight offered. The FAA has granted permission for long-haul autonomous deliveries to only certain companies. Moreover, these deliveries are not chargeable by the drone companies. Therefore, the standard FAA guidelines restrict the market usability of unmanned package drones. To evade the mentioned regulations, Wing secured a vital air carrier certification from the FAA. This certification does not restrict the drone to transportation compliances laid down by the regulatory body.

Conclusively, the total revenue generated by the Global Package Drones market was recorded to be USD 0.1 Billion in the year 2020. The market is expected to grow with a CAGR of 48% between the forecast period (2021-2029). The market is poised to attain a value of USD 28.76 Billion by the year 2029.

This report is aimed at:

  • Key market trends and their impacts on the changing market dynamics have been discussed.
  • A comprehensive study based on the drivers, restraints, and challenges of this market has been covered.
  • The impact of growing technological advancement on the market as well as its demand has been studied.
  • The high growth segments have been studied comprehensively.
  • The new opportunities provided by this market have been listed.
  • The industrial shortcomings and the performance of the key players for this market have been analyzed.

This report has been segmented by Type, Region, and End-Users.

Region

  • North America
  • Europe
  • APAC
  • Middle East
  • RoW

Mode of Operations

  • Autonomous
  • Controlled

Mode of Solutions

  • Platform
  • Software
  • Service

Type

  • Fixed Wing
  • Multirotor
  • Hybrid

End-User

  • Food Delivery
  • Retail Goods Delivery
  • Postal Delivery
  • Medical Aids Delivery
  • Precision Agriculture Delivery
  • Industrial Delivery
  • Weapons and Ammunition Delivery

Countries

  • USA
  • Canada
  • Singapore
  • Australia
  • United Kingdom
  • China
  • Rwanda
  • India
  • Japan
  • France

Related studies

  • Global Urban Air Mobility (UAM) - Market and Technology Forecast to 2028
  • Global Hydrogen Aircraft - Market and Technology Forecast to 2029
  • Global Sustainable Aviation Fuels - Market and Technology Forecast to 2028
  • Global Business Jets - Market and Technology Forecast to 2028
  • Global Aerospace and Defense 3D Printing Market and Technology Forecast to 2026
  • Global Aerospace and Defense Composites Market and Technology Forecast to 2026

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Food And Beverages E-Commerce Global Market Report 2021: COVID-19 Growth And Change To 2030

  • $ 4000
  • September 2021
  • 175 pages

Major players in the food and beverage (F&B) e-commerce market are Amazon Fresh, Peapod, Google Express, Walmart, Pepsi Co, General Mills, Nature Box, Thrive Market, Costco, and Kroger. The global food ...

  • World
  • India
  • E-Commerce
  • Industry analysis
  • Smartphone Penetration
  • Online Retail Sales

ref:plp2021

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on