Evolving legislation and rapid technological developments in drones or unmanned aerial vehicles are expected to open opportunities for implementation in the last-mile delivery of products on a larger scale. The cost involved per delivery is expected to reduce by the use of delivery drones. It is expected to be a potential market disruptor to the parcel delivery industry. Online e-commerce retailers and parcel delivery companies such as Amazon, UPS, Alibaba, DHL, and Swiss Post are already testing the delivery drones. The companies have filed up patents for the development of delivery drones and multi-level fulfillment centers that would allow the deployment of this technology within the regulations. Also, considerable research has been carried out in the last few years on the potential use of drones for last-mile parcel delivery, majorly in the industry of logistic optimization
Read Report Overview: Drone Delivery Market
The global drone delivery market is expected to be valued at $1,676.9 million in 2023 and expected to witness a CAGR of 14.50% during the forecast period 2023-2030.
The introduction of drones in the delivery service market has rapidly transformed the process of deliveries, further leading to a change in consumer behavior. Drones or autonomous unmanned aerial vehicles (UAVs) are a popular option for last-mile deliveries, essentially parcels for remote or rural areas with less population density. Since it is expected that instant or same-day delivery will grow in the next ten years, door-to-door delivery has been a major area of research by several firms such as Google, DHL, UPS, and Amazon. Some of these companies have been testing drone delivery services since 2005 and are expected to launch their services by 2023.
Factors Affecting the Global Drone Delivery Market
The global drone delivery market is expected to witness a high growth rate during the forecast period 2023-2030, owing to the growing demand for instant or same-day delivery globally. Moreover, the need for contactless deliveries for the safety of consumers as well as service providers, especially during medical emergencies such as COVID-19 or any communal disease spread, is also a major driving factor of the drone delivery market. However, the lack of consumer acceptance toward autonomous UAVs and congested urban airspace act as major challenges for the market.
The drone delivery market is majorly growing due to the increasing demand for instant deliveries, especially in the case of medical supplies and food essentials. Drone regulations and rapid advancements in technologies related to UAVs are also playing an important role in market growth. The growing need for healthcare deliveries such as blood samples and medicines, especially in remote areas or during any global epidemic, is also one of the major reasons behind the expected drift from traditional package delivery system to drone delivery services.
These solutions extend from simple original equipment manufacturer components to complete centralized management suites, which can include the following categories:
Integrated flight planning
Air traffic management
Automated regulatory compliance
Flight operation logging and reporting
Asset management
Scope of the Report
The report constitutes an extensive study of the drone delivery market. It focuses largely on providing market information for the drone delivery by covering different segments, by application, by range, by drone type, and by package size, and by region. In addition to this, the study focuses on the major driving forces, challenges, and growth opportunities for the market.
The major players have been identified on the basis of their revenue generation, geographical presence, and company developments. Details of company profiles have been included in order to understand the strategic behaviors of the market players. The drone delivery market is further explained and analyzed based on region, which has been categorized into North America, Europe, Asia-Pacific, and Rest-of-the-World. Regional developments of the manufacturers and developments by governments is one of the factors based on which the growth rates of the countries have been calculated.
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Key Companies in the Global Drone Delivery Market
The key market players in the drone delivery market include Airbus SA, Alibaba, Amazon, The Boeing Company, Cheetah Logistics Technology, DHL International GmbH, Drone Delivery Canada Corp., Flirtey, FlyTrex, Wing Aviation LLC, Manna Aero, Matternet Inc., Rakuten Drone, Skycart Inc., Uber Technologies Inc., United Parcel Service, Zipline, and Zomato.
Key Questions Answered in this Report:
What are the major drivers, challenges, and opportunities behind the demand for the global Drone Delivery market during the forecast period, 2023-2030?
How has COVID-19 affected the growth of the global Drone Delivery market?
Who are the key players in the global Drone Delivery market, and what is the competitive benchmarking?
What are the new strategies being adopted by the existing market players to make a mark in the industry?
How is each segment of the global Drone Delivery market expected to grow during the forecast period, and what is the revenue anticipated to be generated by each of the segments by the end of 2030?
What are the trends in the global Drone Delivery market across different regions? What is the global estimated revenue generated 2030?
Which region is expected to contribute the most to the global Drone Delivery market during the forecast period?
