The MarketWatch News Department was not involved in the creation of this content.
Dec 14, 2020 (The Expresswire) —
Drone Package Delivery Marketsize is projected to reachUSD 7,388.2 millionby 2027, exhibiting aCAGR of 41.8%during the forecast period. Widespread deployment of drones to deliver medical and food supplies amid the COVID-19 pandemic is expected to aid the market make substantial gains, observes Fortune Business Insights™ in its report, titled“Drone Package Delivery Market Size, Share and COVID-19 Impact Analysis, By Type (Fixed Wing and Rotary Wing), By Package Size (Less Than 2 Kg, 2-5 Kg, and above 5 Kg), By End-Use (Restaurant and Food Supply, E-commerce, Healthcare, Retail Logistics and Transportation and others), and Regional Forecast, 2020-2027”.
The coronavirus has forced people to maintain social distance to avoid contracting the infection, which has made the delivery of essential supplies difficult, particularly in remote regions. In response, several drone service companies have risen to the occasion and are supporting government efforts to provide aid to distressed areas. For example, the drone company, Zipline, has been delivering critical medical supplies to clinics in Ghana and Rwanda in Africa during the pandemic period. In Canada, Drone Delivery Canada will be deploying its multi-rotor drone, Sparrow, to provide COVID-19 cargo to the Beausoleil First Nation Community in Ontario. Similarly, in China, JD Logistics utilized drones to deliver commercial and medical cargo in the Hubei and Wuhan provinces. The COVID-19 pandemic has, therefore, given a booster shot to this market, escalating the adoption of unmanned aerial systems worldwide.
Get Sample PDF Brochure with Impact of COVID19:
The report states that the market value stood atUSD 642.4 million in 2019and shares the following information: