The delivery drones market is expected to grow at a significant pace during the forecast period, due to the surging application of drones in the commercial sector. With innovation in cargo transportation, there has been increased usage of delivery drones in e-commerce, quick service restaurants, convenience stores, and healthcare sectors, among others. As a result, it is estimated that by the end of the forecast period, usage of delivery drones will rise significantly.
Moreover, companies such as Amazon, UPS, Google, and other delivery service providers are experimenting with Unmanned Aerial Vehicles (UAV) for home delivery of goods. Recently, Airbus unveiled Skyways drone delivery services in Singapore, which is expected to fuel the market growth.
However, stringent regulations by the Federal Aviation Administration (FAA) and logistical challenges are restricting the use of delivery drones. It is also expected that poor infrastructure and complex terrain will be one of the major logistic issues for delivery drones. Therefore, high expertise and proper knowledge are required to maneuver delivery drones. Furthermore, the limited range of delivery drones (within ten km) is a major restraint for the market growth.