Introduction of Drones in Delivery Service Market has Rapidly Transformed the Process of Deliveries
The global drone delivery market is not expected to play out the same way for every region, so this report segments the market accordingly and breaks down the industry geographically as follows: North America, Europe, Asia-Pacific.
By: BIS Research
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The introduction of drones in the delivery service market 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 services since 2005 and are expected to launch their services by 2023.
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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The drone delivery market is opening a new market segment for the companies providing management and operations of drones. Drone management and monitoring development are well underway, with multiple companies providing comprehensive autonomous transport solutions.