Global Drone Package Delivery Market is expected to reach $8,716.22 million by 2027 growing at a CAGR 42.8% during 2018 to 2027.

Fri Feb 14, 2020 - 6:39am GMT+0000

Some of the key players profiled in the Drone Package Delivery include Zipline, Workhorse Group Inc., Wing Aviation LLC, Boeing, Amazon.Com, Inc., Altitude Angel, and Airbus S.A.S.

Gaithersburg, Maryland, United States – February 14, 2020 /MarketersMedia/

Factors such as increasing demand for faster delivery, increasing demand for reducing carbon emissions, and increasing demand from start-UPS for low cost and light payload drones are driving the growth of the market. However, lack of required infrastructure to support drone delivery operations in emerging economies is hampering the market.

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Drone allows accelerated delivery time, improved accuracy and reduces human cost associated with delivery. The market for delivering goods is massive, shopping; logistic online shopping businesses are investing heavily in the entire supply chain up to the last mile delivery to make it fast and efficient.

Based on package size, 2 kilograms load carrying delivery drones are mainly used for the delivery of food packages and medicinal packages during medical emergencies and relief goods in extreme environmental conditions or during natural calamities. The rise in demand for instant delivery of medical packages is anticipated to fuel the demand for drones capable of delivering packages weighing https://www.strategymrc.com/report/drone-package-delivery-market

By geography, Asia Pacific is likely to have a huge demand owing to China and Japan are the major markets in the region and are leaders in the manufacturing of advanced delivery drones for commercial usage.

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Duration Covered:
• Long Duration (>30 Minutes)
• Short Duration (25 Kilometers)
• Short Range (

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Source URL: https://marketersmedia.com/global-drone-package-delivery-market-is-expected-to-reach-871622-million-by-2027-growing-at-a-cagr-428-during-2018-to-2027/88946704

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Release ID: 88946704

This news is published on Reuters.