PUBLISHER: Allied Market Research | PRODUCT CODE: 1538926
PUBLISHER: Allied Market Research | PRODUCT CODE: 1538926
Last mile drone delivery is the last step of delivering goods and services, when a parcel is moved from transportation hub and en-routed for the final destination at retail store or personal residence of customer. The focus of last mile drone delivery companies is to mainly deliver goods to the end-user in minimum time. In comparison to traditional vehicle-based delivery methods, drone delivery offers unmatched efficiency and speed. Drones can navigate directly to the customer's location, avoiding roadblocks and traffic jams. This direct path minimizes delivery time, enabling e-commerce companies to fulfill orders quickly, improving customer satisfaction and retention. Furthermore, drones are capable of operating around the clock, further optimizing delivery schedules and cutting down on delivery timescales. Major e-commers players in the market such as Amazon, Geodis, and Walmart conducted numerous trials and pilot programs to test the feasibility and efficiency of drone delivery. For instance, in 2022, Walmart tested drone delivery services for grocery & household products. Furthermore, many companies in logistics sectors are focusing on R&D to enhance the capabilities of their drone delivery system.
Factors such as development of e-commerce & logistics, development in infrastructure & environmental concerns by reducing carbon emission and increase in demand for fast delivery of packages drive the last mile drone delivery market growth. However, strict norms of government about drones, shorter battery life, and susceptible to hacking, theft, and misuse, posing security risks is expected to hamper the growth of the market. Further, the adoption of drone delivery to reinforce demand, cost cutting, and lead time reduction, owing to adoption of multi-modal system and growth in e-commerce industry, and bridging the connectivity gap between rural & urban areas are expected to create numerous opportunities for the growth and expansion of the market.
The last mile drone delivery market is segmented on the basis of service, mode of operation, delivery mode, application, and region. By service, the market is categorized into business-to-business (B2B), business-to-consumer (B2C), and, depending on the mode of operation, it is classified into non-autonomous and autonomous. By delivery mode, it is fragmented into regular delivery and same-day delivery or express delivery. By application, the market is further classified into e-commerce, retail and FMCG, healthcare, mails and packages, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
The global key players profiled in the last mile drone delivery market report are AIRBUS, Deutsche Post AG, United Parcel Service of America, Inc., Boeing, FedEx, Ehang, DJI, STARSHIP TECHNOLOGIES, Amazon.com, Israel Aerospace Industries Ltd.
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