10-13-2018 08:08 AM CET - IT, New Media & Software

Delivery or Shipping Drones Market Enhancement and Growth Rate Analysis | Airware, DJI, Skycatch, 3D robotics, senseFly, AeroVironmenment and Elbit Systems

Press release from: Coherent Market Insights
Delivery or Shipping Drones
Delivery or Shipping Drones

Delivery or Shipping drones are unmanned aerial vehicles used for transportation of small goods such as food, beverages, medicines, and automotive equipment. Delivery drones market is in development phase and it is projected to offer major growth potential over the forecast period, owing to time saving characteristics and reduced efforts from human workforce.

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Daily gross of the manual workforce required for transport and shipping of goods has witnessed considerable surge over the last few years. For instance, according to U.S. Bureau of Labor Statistics, average private industry worker salary registered an increase 2.6% over the twelve-month period. Increasing wages are challenging for business development, which is creating demand for automated products. Delivery drones have are gaining significant traction, owing to ease of operation and reduced time of delivery, which is expected boost growth of the market over the forecast period.

Moreover, predominant requirement of transportation and logistics in B2C business segments, such as ecommerce and food & beverages are anticipated to be the primary users of this technology. According to Coherent Market Insights, 15% of the total shipping workforce in these business sectors is projected to be replaced by delivery drones by 2025.

Integration of Artificial Intelligence into drones can enhance the performance of delivery drones. Moreover, time spent in road navigation, traffic congestions and other forms of shipping means can be considerably reduced by air transport. However, high cost associated with device is may restrain growth of the market. Market players from shipping industry are involved in evaluating the probability of the technology for its utilization and related benefits.

Stringent regulations that restrict the usage of UAVs under certain norms and conditions, such as the Federal Aviation Administration (FAA) in U.S., are expected to hinder the industry growth over the forecast period. It restricts the users through allowing the usage of UAVs only within the line of sight and mandating the usability on only one drone at a time by a user. However, the U.S. government has showcased interests in the development of the technology by allowing Amazon and NASA to perform pilot projects

Major players operating in shipping drones market include Airware, DJI, Skycatch, 3D robotics, senseFly, AeroVironmenment, and Elbit Systems.

Delivery Shipping Drones Market Taxonomy

On the basis of drone types, the global delivery shipping drones market is segmented into:

-Fixed wing drones
-Rotary blade drones
-Hybrid drones

On the basis of end users, the global delivery shipping drones market is segmented into:

-Food & beverages
-Retails & Logistics
-Others (Defense, Disaster management, Automotive)

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About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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This release was published on openPR.
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