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 likely to account for USD 494.5 million by the year 2026.
 

Widespread product adoption by transportation and logistics companies in order to serve rural and urban areas efficiently is one of the key factors driving the growth of global delivery drone market.
 

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Delivery drones are basically unmanned aerial vehicles that can be operated autonomously. These drones offer various advantages including last-mile distribution of packages for transportation and commercial sectors.
 

Improving cognizance regarding the benefits associated with delivery drones such as lowers gas emissions, high operational efficiency, and reduces traffic as well as travelling time are aiding towards the market expansion. Collective inclination towards adopting drones in healthcare, military, and aerospace sector is also stimulating global delivery drone industry outlook.
 

Drone technologies are also witnessing robust momentum among QSRs (quick service restaurants) and healthcare vendors, thereby favoring the overall market scenario. However, strict regulatory outlook, logistical challenges, and poor infrastructure could potentially hamper global delivery drone industry remuneration.
 

As per drone type, the report states that rotary blade segment currently accounts for the largest share in global delivery drone industry and is set to record consistent growth during the estimated timeframe. Such drones are relatively easier to take off and land, and hence are witnessing high popularity across the globe.
 

Meanwhile, hybrid drones segment is expected to register significant growth in the ensuing years, owing to their beneficial properties such as increased travel range, longer flight time, and high payload capacity.
 

From the regional point of view, North America delivery drone industry is set to record a robust compound annual growth rate during the study duration, attributable to mounting production and adoption of such drones for various commercial applications.
 

The competitive landscape of global delivery drone market is defined by companies such as Zipline, The Boeing Company, Skycart, Matternet Inc., JD.com Inc., Drone America, SZ DJI Technology Co. Ltd., CyPhy Works, and Airbus SE among others.