According to the research report titled ‘Delivery Drone Market Share, Size, Trends, Industry Analysis Report By Drone Type; By Application ; By Component, By Regions, Segment Forecast, 2020 - 2026‘, available with Market Study Report, global delivery drone market is anticipated to reach USD 494.5 million by the year 2026.
 

Rising inclination of logistics & transportation vendors towards adoption of drone technologies to provide efficient services in rural and urban areas are expected to contribute to the growth of global delivery drone market, cites the study.
 

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For those unfamiliar, delivery drones are aerial vehicles that can be operated remotely or autonomously. Benefits such as shorter delivery time by cutting down traffic, lower transportation costs, higher operational efficiency, decline in number of accidents, reduced gas emissions, and package distribution during last mile delivery for transportation industry or commercial logistics are enhancing the business landscape of global delivery drone industry.
 

As per the trusted sources, about 2.2 million drone units were procured globally, and the number is increasing continuously due to rising production and integration of drone technologies by various end-use industries like military & aerospace and healthcare industries, thereby positively impacting the global delivery drone market outlook.
 

However, unfavorable regulatory scenario nations such as India, strict norms by the Federal Aviation Administration (FAA), and logistical restrictions are hindering the market expansion. Further, poor infrastructure and complex terrain are expected to restrain the growth of global delivery drone market during the forecast period.
 

Based on drone type, hybrid drones segment in global delivery drone market is likely to exhibit a robust growth rate during the forecast timeframe. Advanced features such as longer flight time, better payload capacity, and increased range up to 4-5 times the normal delivery drones are fueling the demand for hybrid delivery drones.
 

Considering the regional outlook, North America delivery drone market reflected the largest industry share in 2018 and is likely to continue the same during the forecast period owing to rising production and adoption of drones for several commercial applications in the region. Moreover, favorable policies by regulatory authorities are enhancing the business landscape. For instance, in 2015, the FAA granted new exemptions to logistics companies and QSRs to operate drones in the United States.
 

Meanwhile, rising acceptance of drone technologies in flourishing ecommerce sector is a major factor likely to drive the growth of delivery drone industry in China.
 

Key players operating in global delivery drone market are Airbus SE, The Boeing Company, DJI Technology Co., Ltd., CyPhy Works, Inc., Drone America, Matternet, Inc., JD.com, Inc., Skycart, Inc., and Zipline International, Inc.