CHICAGO, July 5, 2024 /PRNewswire/ -- The Drone
Package Delivery Market is valued at USD 693 million in 2024 and is projected to reach
USD 4,666 million by 2030, at a CAGR
of 37.4% from 2024 to 2030 according to a new report by
MarketsandMarkets™. The drone package delivery market is
driven by the growing need for quick, instant, same day delivery,
and emergency supplies. The drones offer a cost-effective delivery
solution as compared to traditional ground-based delivery methods,
especially for last-mile deliveries. The UAV-based delivery reduces
the need for large delivery vehicles, which in turn lowers traffic
congestion and decreases greenhouse gas emissions. Furthermore, the
enhancements in regulatory frameworks to support drone package
delivery by focusing on reducing carbon emissions are also
driving the market growth.
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Browse in-depth TOC on "Drone Package Delivery
Market"
240 – Tables
81 – Figures
291 –
Pages
Drone Package Delivery Market Report Scope:
Report
Coverage
|
Details
|
Market Revenue in
2024
|
$ 693 million
|
Estimated Value by
2030
|
$ 4,666 million
|
Growth Rate
|
Poised to grow at a
CAGR of 37.4%
|
Market Size Available
for
|
2020–2030
|
Forecast
Period
|
2024–2030
|
Forecast
Units
|
Value (USD
Million/Billion)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and Trends
|
Segments
Covered
|
By Solution, Type,
Range, Medium, Package Size, Duration, End Use, Operation Mode and
Region
|
Geographies
Covered
|
North America, Europe,
Asia Pacific, and Rest of World
|
Key Market
Challenge
|
Data Security
Breaches
|
Key Market
Opportunities
|
Use of drones for
delivery in military operations
|
Key Market
Drivers
|
Increasing demand for
fast delivery services
|
Based on the End Use, the Medical Aid segment is estimated to
hold the highest market share during the forecast period.
Based on the End Use, the Medical Aid segment is estimated to
lead the drone package delivery market from 2024 to 2030. Medical
Aid is growing rapidly due to the urgent requirement of quick and
accurate delivery of medical products, particularly in remote
areas. The Development in drone technology has enhanced the
delivery of essential items including medicine, vaccines, and blood
samples within a short time to improve on patient care quickly. The
demand for medical aid via drones is growing globally due to its
cost-effectiveness, instant supplies and ability to deliver in
remote areas which drives the market growth.
Based on the Solution, the Platform segment is estimated to
hold the highest market share during the forecast period.
Based on the Solution, the Platform segment is estimated to hold
the highest market share during the forecast period. The growth of
the segment is due to the adoption of drones for the delivery of
food items, product packages, and medical supplies, among others.
There is increasing investment in R&D for advanced
weather-resistant drones for more enhanced deliveries with the
support of regulatory approvals. The advanced application of AI for
route planning and self-organizing control systems, along with the
improved connectivity of the existing systems within the logistic
networks to improve operational efficiency of drone to drive the
growth of delivery drone market.
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Based on regions, the Asia
Pacific is projected to grow at highest CAGR for
Drone Package Delivery industry during forecast
period.
Based on region the Asia
Pacific region is estimated to account for the highest CAGR
during the forecast period. The growth of the market in this
region is attributed to the rapid urbanization, increasing
e-commerce platforms and advanced technological adoption. The
increasing use of drones in the countries such as China, India,
Japan, Malaysia among others is experiencing demands
for instant food and grocery deliveries. The Asia Pacific drone parcel delivery market is
expected to witness significant growth due to advanced
technological innovations, low-cost manufacturing, and increasing
demand for instant deliveries in the region.
Key Players
The Drone Package Delivery companies is dominated by a few
globally established players such as Alphabet Inc. (US), Zipline
International, Inc. (US), United Parcel Service, Inc. (US),
Wingcopter (Germany) and
Matternet, Inc. (US).
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