Valued to be $3.4 Billion by 2026, Drone Package Delivery Slated for Robust Growth Worldwide

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Sep 03, 2021, 10:30 ET

SAN FRANCISCO, Sept. 3, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Drone Package Delivery - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 8; Released: April 2021
Executive Pool: 601
Companies: 35 - Players covered include Airbus S.A.S.; Altitude Angel; Amazon.Com, Inc.; Bizzby; Boeing; Cheetah Logistics Technology; DHL International GmbH; Drone Delivery Canada Corp.; Dronescan; Edronic; Fedex; FLI Drone; Flirtey; Flytrex; Matternet, Inc.; Skycart Inc.; United Parcel Service of America, Inc.; Wing Aviation LLC; Workhorse Group Inc.; Zipline and Others.
Coverage: All major geographies and key segments
Segments: Duration (Short Duration (Below 30 Minutes), Long Duration (30 Minutes & Above)); Range (Short Range (Less Than 25 Kilometers), Long Range (25 Kilometers & Above)); Package Size (Less Than 2 Kilograms, 2-5 Kilograms, Above 5 Kilograms)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Drone Package Delivery Market to Reach $3.4 Billion by 2026
Amid the COVID-19 crisis, the global market for Drone Package Delivery estimated at US$462.3 Million in the year 2020, is projected to reach a revised size of US$3.4 Billion by 2026, growing at a CAGR of 38.8% over the analysis period. Short Duration (Below 30 Minutes), one of the segments analyzed in the report, is projected to record a 37.7% CAGR and reach US$2.6 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Long Duration (30 Minutes & Above) segment is readjusted to a revised 40.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $206.5 Million in 2021, While China is Forecast to Reach $560.5 Million by 2026
The Drone Package Delivery market in the U.S. is estimated at US$206.5 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$560.5 Million by the year 2026 trailing a CAGR of 36.7% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 35% and 33.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 26.5% CAGR. More

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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.