CBD Oil Market 2020 Size, Latest Trend Analysis and Forecast 2027

 The global Cannabidiol Oil (CBD Oil) Market size is expected to reach USD 24.08 billion by 2027 according to a new study by Polaris Market Research. The report “Cannabidiol Oil Market Share, Size, Trends, Industry Analysis Report, By Source (Hemp Derived, Marijuana Derived); By Grade (Food and Therapeutic); By Form (Process Oil, Distillate, and Isolate); By Application (Food and Beverages, Cosmetics and Personal Care, Pharmaceuticals, and Others), By Regions; Segment Forecast, 2020 –2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

CBD is commonly used to relieve anxiety and it helps the insomnia patients in falling asleep and staying asleep. Certain CBD manufacturers have been scrutinized by the government who claim that CBD is a cure for cancer. Research about the balance of pros and cons of CBD is ongoing near every production and consumption cluster, and debates about their usage is being carried out in all of the regions wherever there are significant number of potential prospective consumers. Overall CBD has a large addressable market, of which a large part is untouched.

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Affirmation of the therapeutic value of cannabis by the WHO, and the U.S. National Academies of Sciences, helps challenging un-supportive views, and encourages governments, research scholars, health-care providers, and consumers to consider its potential. Medical community across the globe recognized its potential value and legalization, thereby burgeoning demand for the medical cannabis.

Medical cannabis is not limited to certain conventional products such as oil spray, dried form, tinctures and tea, the main move is to create a consumer friendly approach in considering cannabis as a drug. Many facilities are open to rediscover it as a medicine in a more prosperous way by engaging consumers to social clubs. Manufacturers are producing products that are better in use on the social platform with engaging product offerings for a better usage trend. The initiative of considering medical cannabis as a socially accepted medicine for pain relief and other problems is sourced in such social clubs also known as cannabis clubs.

 

Market participants such as Isodiol, Canopy Growth Corporation, Tilray, Medical Marijuana Inc., NuLeaf Naturals, CV Sciences, Aurora Cannabis, Green Roads, Folium Biosciences, GW Pharmaceuticals, Charlotte’s Web, CW Hemp, Endoca, Medterra, Elixinol and Gaia Herbs, LLC. are some of the key players operating in the global market. In June 2020, Perrigo Company plc, the U.S. based provider of self care products across the globe announced its entry in the Cannabidiol Oil Market through its strategic investment in Kazmira LLC, a Colorado based CBD products supplier. Perrigo acquired 20 per cent equity stake in Kazmira.

 

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Polaris Market Research Market research has segmented the CBD Oil Market report on the basis of source, grade, form, application, and region

 

CBD Oil by Source Outlook (Revenue – USD Million, 2016 – 2027)

·         Hemp Derived

·         Marijuana Derived

CBD Oil by Grade Outlook (Revenue – USD Million, 2016 – 2027)

·         Food

·         Therapeutic

CBD Oil by Form Outlook (Revenue – USD Million, 2016 – 2027)

·         Process Oil

·         Distillate

·         Isolate

CBD Oil by Application Outlook (Revenue – USD Million, 2016 – 2027)

·         Food and Beverages

·         Cosmetics and Personal Care

·         Pharmaceuticals

·         Others

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Leave-in Conditioner Market 2020 Growth, Latest Trend Analysis and Forecast 2027

 The global Leave-in conditioner market size is expected to reach USD 2,951.19 million by 2027 according to a new study by Polaris Market Research. The popularity of online retail channel has opened up new avenues of growth for the sales of leave-in conditioners across the globe. Consumers are now in a position to browse various products over internet, ask for claims types and hair types leave-in conditioners, and get the products delivered to their residents or salons. Innovation in technology, especially in terms of app and website development, has made it possible for the consumers to view different products before finalizing the leave-in conditioner. The popularity of online stores offering leave-in conditioner is likely to provide an impetus to the growth of the overall market. The easier availability of leave-in conditioner in different price ranges is paving the way for rising adoption of leave-in conditioner among various classes of consumers.

 

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Easier availability of leave-in conditioner in different price ranges paves way for rising adoption of leave-in conditioner among various classes of consumers. Countries in East Asia & South Asia represents a major potential for leave-in conditioners. Growing awareness towards personal hygiene coupled with willingness of consumers to spend on personal care products, such as shampoos and conditioners and others is resulting in changing consumption patterns. Emerging countries, such as Malaysia, Philippines, India, China and Vietnam represents substantial potential for such products and penetration, which is likely to yield major revenue opportunities. Urbanization is driving the demand for leave-in conditioner products in emerging regions.

 

Market participants such as Unilever Plc., Sun bum, L’Oréal S.A., Bumble & Bumble, Procter & Gamble Co., Kao Corporation, Estee Lauder Companies Inc., Suave, Sephora Inc. (LVMH), Sally Beauty Holding, The Body Shop, Shea Moisture, and Paul Mitchell. For instance, Sephora Inc. are some of the key players operating in the global market.

 

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Market players involved are focused on adopting innovative technologies, such as digital marketing and reviews for brand endorsement. Players are concentrating on marketing strategies to stay ahead in intense competition within the market. The market is not only targeting higher income groups but also availing salon services for the middle-class population in order to build brand image across all kinds of consumers. Radical advancement in salon consultation provided by professionals, capital investment on signature and exclusive cuisine is expected to draw a huge number of local visitors. In addition, foreign companies are expected to expand the salon center chain across different locations. Thereby, the global market foresees tremendous growth owing to innovative marketing and diversity in salon services.

 

 

Automotive HVAC Market 2020 Size, Latest Trend Analysis and Forecast 2026

 The worldwide Automotive HVAC market is anticipated to reach around USD 31,907 million by 2026 according to a new research published by Polaris Market Research. The passenger car dominated the global automotive HVAC market in 2017. In 2017, Asia-Pacific accounted for the majority share in the global Automotive HVAC market.

 

The significant increase in demand for passenger and commercial vehicles, and growth in global automotive industry boosts the demand for automotive HVAC. The demand for luxury and comfortable vehicles has increased significantly, especially from the emerging economies. Consumers prefer comfortable and enhanced driving experience, which boosts the automotive HVAC market. The increasing awareness among consumers regarding use of eco-friendly products coupled with rising demand for environment friendly refrigerants has encouraged market players to launch efficient automotive HVAC systems. New emerging markets, emerging consumer demographics, and stringent government regulations would provide growth opportunities for Automotive HVAC market in the coming years.

 

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In 2017, Asia-Pacific accounted for the highest share in the global Automotive HVAC market. The growing demand for automobiles in the region, established automotive industry, and technological advancements would accelerate the demand for automotive HVAC systems during the forecast period. The governments in the region have introduced stringent regulations regarding vehicular emissions and safety owing to environmental concerns. The increasing economic growth, and increasing demand from countries such as China and India further increases the adoption of automotive HVACs in the region. Expansion of global players into these countries to tap market potential boosts the market growth. The increasing environmental concerns have resulted in increased adoption of environment friendly refrigerants in the region. The adoption of geo-thermal heat pumps further supports the market growth in the region.

 

The well-known companies profiled in the report include Sensata Technologies, Inc., Valeo S.A., Air International Thermal Systems, Delphi Automotive Plc, Johnson Electric Holdings Ltd., Sanden Corporation, Visteon Corporation, Xiezhong International Holdings Ltd., Brose Fahrzeugteile GmbH & Co. Kg, and Mahle Behr GmbH. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

 

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Temporary Power Market 2020 Growth, Latest Trend Analysis and Forecast 2026

 The global temporary power market size is anticipated to reach USD 10.6 billion by 2026 growing at a CAGR of 11.5% from 2019 to 2026 according to a new report published by Polaris Market Research. Temporary power systems are installed in order to prevent loss that might happen from the sudden loss of conventional power supply. Temporary power systems are used in places like ships, submarines, telecommunication equipment, laboratories, and hospitals. Temporary power supply comes in handy at times when main power is lost due to grid failure, blackout, weather conditions. In places like ships and airplanes temporary power system work as the main source of power which is replaced or charged time to time.

The increasing demand for power coupled with growing instances of blackouts and power outages has boosted the adoption of temporary power solutions. The growth in construction activities and infrastructure development, and lack of power infrastructure in developing countries further supports the growth of the temporary power market. Additionally, increasing number of sports and corporate events, along with rising demand from hospitals, mining, and construction sites would boost the market growth during the forecast period. Other factors supporting market growth include increasing demand from developing economies, reducing cost of power generation, and technological advancements. Increasing adoption of data centers, growth in construction activities, and rapid urbanization further boost the market growth.

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North America generated the highest revenue in the global temporary power industry in 2018 owing to increasing power demand from healthcare, utilities, and industrial sectors in the region. U.S. accounted for the highest share in the U.S. temporary power market owing to growth in construction and infrastructure development. Asia-Pacific region is expected to grow at the highest rate during the forecast period. The increasing demand for power supply from manufacturing sectors, and low rate of electrification have increased the demand for temporary power solutions in the region. Poor grid infrastructure, and increase in number of planned events further supports the temporary power market growth in Asia-Pacific

The well-known companies profiled in the market report include Hertz Equipment Rental Corporation, Ashtead Group PLC, Speedy Hire PLC, Caterpillar, Inc, Atlas Copco CB, Smart Energy Solutions, Cummins, Inc, Aggreko PLC, Diamond Environmental Services, LLC, and Kohler Co., Inc among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

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Energy Drink Market 2020 Growth, Latest Trend Analysis and Forecast 2026

 Energy Drink Market report provides a thoroughly researched abstract of the key players with considerable shareholdings at a global level regarding demand, sales, and income by providing better products and services. Research Report outlines a forecast for the Energy Drink Market 2026. In terms of value, the Energy Drink Market size is anticipated to reach USD 84.70 billion by 2026 is expected to register a steady CAGR 7.3% during the forecast period forecast period

 

The report offers a deep-dive analysis on global market insights, market trends, key driving factors along with the challenges. The report also focuses on different segments and outlines the growth prospects across all the geographies covering major countries. The study outlines the major competitive scenarios of the key players operating in the market along with their strategic initiatives, and recent developments such as new products or services introductions along with the mergers and acquisitions and R&D activities. The study also focuses on the traction these major players are generating in different regional pockets across major countries. 

 

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The worldwide Energy Drink Market study includes premium industry insights such as ecosystem analysis, value chain analysis, and competitive ranking/competitors market share analysis which would help key decision makers, stakeholders, and industry analysts to make cost-effective and efficient decisions.    

 

Here we have listed the top Energy Drink Market companies in the world:

• Red Bull GmbH
• Pepsico Inc.
• Taisho Pharmaceutical Co Ltd.
• Rockstar, Inc.
• Monster Energy
• Lucozade
• Amway
• Coco Cola Company
• Arizona Beverages
• Xyience Energy

The analysis on different segments of the Energy Drink Market provided in the report would help to gain insights about current market scenarios and future market trends. All these segments are further bifurcated by regions and countries, thus making it possible for the decision makers to understand the market situation. Major regions included in the report include North America, Europe, Asia Pacific, Latin America and Middle East & the African region.

 

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The study evaluates the overall Energy Drinks market by the following segments

 

Energy Drinks by Product

• Non-alcoholic
• Caffeinated Beverages
• Sports Drink

 

Energy Drinks by Type

• Organic
• Non-organic
• Natural

 

Energy Drinks by Distribution Channel

• On-trade
• Off-trade
• Direct selling

 

Energy Drinks By Region

• North America (U.S., Canada)
• Europe (Germany, UK, France, Italy)
• Asia-Pacific (China, Japan, India, Australia)
• Latin America (Brazil, Mexico)
• Middle East and Africa

 

What to expect from this research Study

• Premium insights on the market such as
  • Porter’s & PESTEL Analysis
  • Value-Chain Analysis
  • Company Market Share Analysis
  • Drivers, Restraints & Challenges Analysis
  • Market Trend Analysis
• Deep-dive insights on both global, regional and country level
• Analysis of the most recent key developments & strategic initiatives taken by the players operating in the market
• Future trends estimated keeping most recent base year, along with analysis of historical market data and impact of current market scenarios
• A holistic view of the market along with multi-level segmentation

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Probiotics Ingredients Market 2020 Growth, Latest Trend Analysis and Forecast 2026

 The global probiotics ingredients market size is estimated to reach USD 3.97 billion by 2026 and is anticipated to grow at a CAGR of 6.9 % from 2019 to 2026 according to a new study published by Polaris Market Research. Probiotics are live bacteria’s that facilitates digestive functioning in human body. Most of the bacteria are considered under probiotic but in specific terminology Lactobacillus is commonly found across fermented food and beverages. The common application of probiotics in human includes treatment of certain conditions such as Irritable bowel syndrome, Inflammatory bowel disease, and diarrhea caused by antibiotics.

 

Wide uses of probiotic ingredients across healthcare sectors including medical nourishment that consists of beneficial bacteria’s, wholesome sustenance and supplements are relied upon to drive the market development over the estimate time frame. Expanding R&D investments in dietary supplements by major manufacturers is expected to open new market avenues for the probiotic ingredients market. Manufacturers have created and distinguished restrictive strains of probiotics for explicit applications to meet specific prerequisites for various therapeutic conditions. For example, Lactobacillus fermentum VRI-003 PCC and Lactobacillus rhamnosus HN001 are utilized to fix dermatitis. This trend of identifying probiotic strains for specific applications is also expected to boost expansion of the global market.

 

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Product development in nutritional beverages including yogurt, juices, fermented tea, and pickles by prominent players, for example, Danone, is anticipated to positively impact market growth. Danone’s product Activia, a probiotic drink invigorated with dairy ingredients. Easy availability of probiotic foods in specialist shops, supermarkets and pharmacies is expected to increase product awareness among consumers and promote brand image among conscious buyers, which, in turn, will boost development of the market.

 

Asia Pacific is expected to remain as one of the lucrative regions over the estimated period. Significant spending on incorporation of probiotic elements for preventive healthcare along with sports nutrition by major player such as GSK and Pfizer can impel market growth. Strong demand for probiotics ingredients from China and Japan, by virtue of rising consumer awareness with respect to proper digestion along with cardiovascular and gastrointestinal health is expected to boost the market growth. The global probiotics ingredients market has witnessed high level of integration by the market players. Some of the key players in the industry include Biocodex Inc. Danone Inc., Chr. Hansen Holding A/S, Lallemand Inc, and Danisco A/S.

 

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Biochar Market 2020 Size, Latest Trend Analysis and Forecast 2026

 The global biochar market is estimated to reach USD 3.23 billion by 2026 growing at a CAGR of 9.1% during the forecast period, according to a new study published by Polaris Market Research Biochar, a carbon rich product or a pyrogenic black carbon that has been attracting significant attention in both academic and political arenas. Much of the product’s attention is owing to its potential to mitigate the climate change, offer food security along with offering a solution for organic waste management.

Product application to soils has been gaining immense interest worldwide, owing to its potential to enhance soil capacity of nutrient retention and soil’s water holding capacity. Moreover, this also helps in sustainable storage of carbon thereby reducing greenhouse gas emissions.However, commercialization of biochar as a soil additive is yet to achieve its full potential among its primary users, the farmers. To make this happen, the industry participants manufacturing biochar are focused on arranging several programs in different geographical marketspaces to explicitly educate farmers.

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Farming methods including mixing the product with seeds and fertilizers, uniform mixing with soil, applying through no till systems deep banding of soil with plow, hoeing into ground, top-dressed, applying char and compost on raised beds. However, the type of application of biochar to soil depends on farming system, labor and available machinery. These types of methods are promoted and increasing use of such methods among farmers will boost product application and henceforth its overall demand.

Biochar retains its potential to control/mitigate climate change owing to its inherent fixed carbon in the raw biomass, which would otherwise degrade to the greenhouse gases and sequestered within the soil for years. The product acts as tool for soil amendment owing to its beneficial impact on cation exchange that leads to higher water holding capacity and greater soil pH, and an affinity for macro and micro plant nutrients.

Although biochar applications have been increasing owing to its great agricultural and environmental contributions, there are also controversial restraining factors of the product. Cutting of timber, a major feedstock of biochar is the primary concern which might lead to complete deforestation and eventually threaten the food security. As this could compromise on the amount of rainfall useful for agriculture. Hence, to avoid this industry participants and government organizations are focused on producing it from saw dust, waste wood, rice husk, rice straw, empty bunches of fruit etc.

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The global biochar market is a moderately growing sector and numerous companies participate in the marketspace from different phase of the industry value chain. Some of the leading participants include BlackCarbon A/S , Biochar Industries, Swiss Biochar GmbH, Carbon Terra GmbH, Biochar Ireland, Sunriver Biochar, Pacific Biochar Benefit Corporation, Waste to Energy Solutions Inc., Airex Energy, Carbon Gold, Clean Fuels B.V., 3R ENVIRO TECH Group, Earth Systems PTY. LTD., ArSta Eco, Pacific Pyrolysis, Biochar Supreme, LLC, Phoenix Energy, The Biochar Company, Vega Biofuels, Inc., Cool Planet Energy Systems Inc., Biochar Products, Inc., Diacarbon Energy Inc., and Agri-Tech Producers, LLC.

Gold Nanoparticles Market 2020 Size, Latest Trend Analysis and Forecast 2026

  The global gold nanoparticles market is anticipated to reach USD 1.52 billion by 2026 and is anticipated to grow at a CAGR of 10.2 % from 2018 to 2026. Gold nanoparticles market is anticipated to witness significant growth over the forecast period. Growing demand for nano technological medical products, inherent advantages of gold nanoparticles, as well as growing application portfolio in medical field are expected to boost market growth. The global growth in the electronics industry are also expected to contribute to the overall market growth.

 

Inefficient tumor therapy, less developed drug targeting methods, drug resistant tumors, are a major cause for rising number of deaths due to cancer ailments. Gold nanoparticle enables efficient drug delivery, enhanced bio-imaging as well as aid in the selectivity of a wide range of drugs. The growing number of cancer ailments combined with the effect of gold nanoparticles is expected to benefit the market demand.

 

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Gold nanoparticles exhibit several advantages over their other conventional counterparts. Such advantages include high surface area, unique physical, chemical as well as optical properties, high surface area, biocompatibility, as well as conjugation with other molecules enable their widespread applicability. Such trends are expected to propel market growth.

 

Gold nanoparticles are used as conductors in electronic applications such as electronic chips to conductors. The optimization and miniaturization are the major factors driving the electronics industry. Gold nanoparticles aid in these efforts of the electronics industry. The growth of the electronics industry in regions such as Asia Pacific are expected to aid the global market demand growth.

 

The food & beverage industry utilize the colorimetric sensors manufactured by utilizing these metal nanoparticles. These sensors aid to qualify whether the food is fit for consumption or not. Rising awareness regarding the quality of food, concerns over food quality scams, and prevalent rules and regulations have forced food manufactures to manufacture high quality food. Such trends are expected to drive the gold nanoparticles market demand.

 

Toxicity of gold nanoparticles is expected to restrain market growth. Prescribed regulations aimed at containing this toxicity have to be abided by manufacturers. Industry participants have developed novel manufacturing methods which eliminate the usage of such toxic substances in their manufacturing processes.

 

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Gold nanoparticles are used in memory devices. These products are also used to manufacture insulators which display excellent stability and also contribute to the prevention of charge accumulation. Due to their excellent catalytic as well as conductive properties, electronics industry is widely utilizing this material.

 

Research and Development activities are influencing the market growth. Researchers have developed products which can attract and destroy the viruses in the body. These products mimic the human body cells. These products can also be used to cure antimicrobial diseases. Different materials have also been developed to be used to treat ageing skin diseases. The growing medical industry is benefitting the market demand.

 

The prevalent medical industry in North America, as well as strong presence of industry participants is contributing to the regional demand. Strong demand from countries such as China, India and Japan is propelling the Asia Pacific market growth. Companies are focusing on developing regions to gain market share.

 

Automotive Electronics Market Size, Share, Growth Rate, Industry Analysis and Global Forecast – 2026

 The increasing demand for passenger cars, and growing penetration of electric and hybrid vehicles majorly drives the market growth. The growing need to improve road safety, and introduction of stringent regulations to enhance vehicular safety and control emissions has accelerated the growth of the automotive electronics market. The development of autonomous vehicles along with growing demand for luxury and comfortable driving experience supports the growth of the market. Other factors driving the market growth include growing disposable income, technological advancements, and changing lifestyles. New emerging markets, and emerging consumer demographics would provide growth opportunities for automotive electronics market in the coming years.

 

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The Global Automotive Electronics Market is anticipated to reach around USD 490.6 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the passenger vehicles dominated the global market, in terms of revenue. In 2017, Asia-Pacific accounted for the majority share in the global Automotive Electronics market.

 

In 2017, Asia-Pacific accounted for the highest share in the global automotive electronics market. The introduction of stringent government regulations regarding vehicular safety and growing penetration of electric and hybrid vehicles accelerates the adoption of automotive electronics in the region. The strong growth in the automotive industry, technological advancements, and high investment in R&D are factors expected to drive the market growth in the region. The economic growth in countries such as China, Japan, and India, rising living standards and growing disposable income further increases the demand of automobiles in the region. Expansion of global players into these countries to tap market potential boosts the market growth.

 

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The global Automotive Electronics market is segmented on the basis of application, vehicle type, sales channel, and geography. Based on application, the market is segmented into Powertrain, ADAS, Safety Systems, Infotainment, Body Electronics, and others. The sales channel segment is categorized into OEM, and aftermarket. OEM accounted for the dominant share in the global automotive electronics market in 2017. The vehicle types in the global automotive electronics market include passenger vehicles, and commercial vehicles.

 

 The well-known companies profiled in the report include Bosch Group, Atmel Corporation, Delphi Automotive, Hitachi Automotive, Texas Instruments, Infineon Technologies, ZF Friedrichshafen AG, ON Semiconductor Corp., OMRON Corporation., and STMicroelectronics N.V. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

Wireless Mesh Network Market 2020 Growth, Latest Trend Analysis and Forecast 2026

 The wireless mesh network market is anticipated to reach around $119.2 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the smart cities and warehouses segment dominated the global market, in terms of revenue. North America is expected to be the leading contributor to the global wireless mesh network market revenue during the forecast period.

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The growing need for efficient and stable network performance, along with the ability of wireless mesh network to flexibly expand and increase performance has boosted growth of the wireless mesh network market. Furthermore, the rising penetration of mobile devices, and rising adoption of mobile-connected devices further support the growth of this market. Additionally, the increasing demand of wireless mesh network from small and medium enterprises has supported market growth over the years. Increasing investments by vendors in technological advancements, growing demand for wireless broadband services, and declining costs of connected devices would accelerate the growth wireless mesh network market during the forecast period. However, data privacy and security concerns are expected to hinder market growth. Growing demand from emerging economies, increasing adoption of IoT and smart grid applications are expected to provide numerous growth opportunities in the coming years.

 

Wireless mesh networks are increasingly being used for environmental monitoring and precision agriculture. The farming industry is using automation and technology to increase profitability and reduce operating costs and the use of sensors in fields, tractors and vineyards for monitoring and management of farm operations has resulted in increased crop production and less resource wastage has also supported the wireless mesh network market growth in the recent past. Low frequency wireless mesh networks using sensor networks are deployed for environmental conditional monitoring, whereas high frequency wireless mesh networks are being used for tractor automation and precision agriculture and has increased the demand for wireless mesh network.

 

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North America generated the highest revenue in the market in 2017, and is expected to lead the global wireless mesh network market throughout the forecast period. The presence of established telecom and cloud infrastructure in this region, and growing trend of IoT drive the wireless mesh network market growth in the North America. The growing demand of mobile devices, and technological advancements further support market growth in the region. The use of smart technologies in energy and utilities, industrial automation, and intelligent buildings is expected to support market growth in this region during the forecast period.

 

The major players operating in wireless mesh network market include Ruckus Wireless, Cisco Systems, Aruba Networks, Tropos Networks, Strix Wireless Systems Pvt Ltd, Firetide, Inc., Cambium Networks, Qualcomm, Rajant Corporation, Synapse Wireless. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

 

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Delivery Drone Market 2020 Growth, Latest Trend Analysis and Forecast 2026

 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. Report gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

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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Delivery drones provides several advantages such as lower transportation costs, reduces delivery time by cutting down traffic, higher operational efficiency, lowers accidents, and lowers gas emissions. Moreover, the growth of the market is majorly attributed to rapidly growing drone industry throughout the world. For instance, according to Polaris Market Research analysis, in 2016, the drone units were pegged over 2.2 million units globally and continuously increasing owing to increasing production and adoption of drone technologies by different end use verticals such as military & aerospace and healthcare industries.

 

Companies such as Airbus SE, CyPhy Works, DJI Technology Co. Ltd., Drone America, JD.com, Matternet, SKYCART Inc., The Boeing Company, and Zipline are some of the key players operating in this market. 

 

Furthermore, increasing adoption of drone technologies by quick service restaurant chains and healthcare vendors is another major factor aiding the growth of market. For instance, in 2016, Timbre (a Singapore based one of the largest restaurant chains) planned and tested 8 drones developed by Infinium Robotics (a Singapore based company) for serving in restaurants. Moreover in 2018, Zomato (an India-based restaurant search & discovery service company) acquired TechEagle Innovations Pvt Ltd. in order to offer drone-based food delivery services in India which is expected to create a good opportunity for drone manufacturers in the region during the forecast period.

 

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However, there are still some regulations in the country which limits the usage of drones in India for commercial purposes such as goods delivery. In addition, stringent regulations by the Federal Aviation Administration (FAA) & logistical challenges are restraining the growth of delivery drones across the world. Also, poor infrastructure and complex terrain are expected to be other restraining factors for delivery drone industry.

 

Among drone type, rotary blade is expected to be the largest market for delivery drones in 2019, owing to its ease of use such as vertical take-off & landing features and also it is expected to retain its dominance during the forecast period of 2020-2026 as well. Hybrid drones are expected to be the fastest growing drone type during the forecast period, owing to advanced features such as higher payload capacity, longer flight time, and increased range up to 4-5 times of the normal delivery drones which generally have the travelling range of around 10-20 miles.

 

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Among regions, North America is expected to be the largest market for delivery drones in 2018 and is expected to be the largest market during the forecast period as well. The growth of this region is majorly attributed to increasing production of drones and increasing adoption of drones for different commercial applications in the region. Also, in 2015, the FAA granted new exemptions for the QSR or logistics companies to operate drones in the United States which is expected to drive the market for delivery drones during the forecast period. 

 

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