Feb 21, 2020 (KD Market Insights via COMTEX) -- The global delivery drone market size is expected to reach USD 494.5 million by 2026 according to a new study by Polaris Market Research. The report "Delivery Drone Market Share, Size, Trends, Industry Analysis Report By Drone Type (Rotary Blade, Fixed Wing, Hybrid Drones), By Application (E-commerce, Quick Service Restaurants, Retail, Healthcare), By Component (Airframe, Propulsion System, Controller System, Camera & Sensors, Others), By Regions, Segments & Forecast, 2020 - 2026" gives a detailed insight into current market dynamics and provides analysis on future market growth.
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Delivery drones are one of the types of unmanned aerial vehicles which can be operated remotely or autonomously and provides advantages such as delivery or distribution of packages during last mile delivery for commercial logistics or transportation industry. Also, the logistics & transportation vendors are taking sheer interests for adopting drone technologies in order to provide their services efficiently at rural & urban areas wherein, transportation vehicles have difficulty to reach at remote locations due to bad condition of roadways. For instance, according to Statistics Bureau, China had over 589 million of population living in the remote areas in 2017. Increasing adoption of drone technologies by growing e-commerce sector vendors is one of the major factors aiding the growth of delivery drones in China.
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