Global Delivery Drone industry to reach USD18.77 billion by 2026

While evtolinsights.com focus­es pri­mar­i­ly on fly­ing taxis, the drone deliv­ery mar­ket, espe­cial­ly when used for trans­port­ing vital med­ical health­care prod­ucts, is also a sig­nif­i­cant and rapid­ly expand­ing indus­try.

Last week, a report by the UK-based Busi­ness Research Com­pa­ny (TBRC), high­lights the incred­i­ble growth prospects of this glob­al mar­ket over the next five years. The indus­try is expect­ed to grow from USD2.37 bil­lion to USD3.49 bil­lion in 2022 and then with the advent of air reg­u­la­tors allow­ing Beyond Visu­al Line of Sight (BVLOS) cer­ti­fi­ca­tion, to USD18.77 bil­lion by 2026 or a com­pound annu­al growth rate of 52.3 per­cent.

Trig­gered by the Covid-19 lock­down, the drone deliv­ery sec­tor has made huge strides in the last few years. The num­ber of drone tri­als are increas­ing par­tic­u­lar­ly in the U.S, Aus­tralia and Asia. A good exam­ple is Wing, a sub­sidiary of Google’s par­ent com­pa­ny Alpha­bet, who in 2019 became the first U.S organ­i­sa­tion to receive per­mis­sion from the FAA to begin test­ing deliv­er­ies. It has col­lab­o­rat­ed with Wal­greens, which has a store across 78 per­cent of the US pop­u­la­tion with­in 5 miles, this means that almost 80 per­cent of Amer­i­ca would be in the range of Wing ser­vices if and when the tech­nol­o­gy was more exten­sive­ly deployed.

Then there are the ongo­ing Wal­mart tri­als with Zipline and Drone­Up. The super­mar­ket has expand­ed drone deliv­er­ies to six states bring­ing its total net­work to 37 sites by year-end. These drones are deliv­er­ing items from bat­ter­ies to ham­burg­ers to over 4 mil­lion house­holds in parts of Ari­zona, Arkansas, Flori­da, Texas, Utah and Vir­ginia. Mean­while, Ama­zon Prime says the com­pa­ny is back on track with plans for sev­er­al drone deliv­ery tri­als in Amer­i­ca lat­er this year. A promise first made back in 2013.

Last week, evtolin­sights high­light­ed one of the lead­ing drone deliv­ery ser­vices in Europe, the Irish-based Man­na Aero, found­ed and led by Bob­by Healy. The com­pa­ny says that next year, its drones will be deliv­er­ing prod­ucts, ini­tial­ly, across 4 dif­fer­ent Euro­pean coun­tries with a fur­ther two to be added at a lat­er date.

“Man­na is the only busi­ness I’ve start­ed that keeps me awake at night, but it is also the most fun — its poten­tial is phe­nom­e­nal” (Bob­by Healy, Man­na Drone Deliv­ery)

Com­pared to fly­ing taxis, deliv­ery drones are far cheap­er to con­struct and can deliv­er, poten­tial­ly, vast amounts of prod­ucts to the homes of bil­lions of peo­ple at only a small deliv­ery charge. As a busi­ness mod­el, this indus­try is far more invit­ing and cost-effec­tive to run when com­pared with fly­ing taxis, but there is one major prob­lem. Unless air reg­u­la­tors offer BVLOS to these oper­a­tors, the indus­try is not prof­itable unless trans­port­ing high end or high­ly spe­cialised med­ical prod­ucts. If this par­tic­u­lar cer­ti­fi­ci­a­tion is giv­en, the indus­try could explode and com­plete­ly change the way the world’s pop­u­la­tion pur­chase and receive every day prod­ucts.

For more infor­ma­tion

https://www.thebusinessresearchcompany.com