GLOBAL DELIVERY DRONE INDUSTRY TO REACH USD18.77 BILLION BY 2026
CHRIS STONOR30 AUGUST 2022
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 its 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 say 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.
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 cheaper 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 BVLOS is given, the industry potentially could explode and completely change the way the global population purchase and receive every day products.
For more information
https://www.thebusinessresearchcompany.com
https://evtolinsights.com/2022/08/global-delivery-drone-industry-to-reach-usd18-77-billion-by-2026/