The advent of COVID turbo-charged last-mile drone delivery activity had already been expanding before the pandemic’s arrival. Now, new research shows that expansion is poised to surge even more in coming years.
Drone deliveries to rise 19% per year
According to business research firm Fact.MR, last-mile delivery activity is forecast to reach $88 billion worldwide by the end of 2021. The US and Canada currently dominate that business with a combined 59%, followed by Europe. Overall, the global sector is expected to expand by an average annual compounded rate of 19% through 2031.
India and China should generate the highest annual national expansion rates, with Gulf countries posting yearly increases of 20%.
COVID-inspired health precautions that fueled last-mile demand for more than a year now will remain a factor in continued growth for the foreseeable future. Yet the study says the strongest long-term motor of drone delivery increases will come from rapid technological…