Drone Package Delivery Market Size & Analysis By 2022 -2029 -Amazon, Workhorse Group, DHL, Boeing, Drone Delivery Canada, FedEx, Airbus, Zipline, Matternet, Flirtey

The drone package delivery market is projected to grow from USD 338 million in 2022 to USD 7,286 million by 2032, at a CAGR of 59.0% from 2022 to 2032.

Technological advancements like VTOL, geospatial mapping, IoT, and machine learning result in higher accuracy in package delivery are some of the factors fueling the growth of the market. AI is the next focus of the drone industry. This new technology is expected to enable drones to perform all tasks, right from their launch and navigation to data acquisition, data transmission, and data analysis. In addition,advancements in technology of drone will help in carrying out drone package delivery operations autonomously and safely, thereby contributing to their increased adoption in the drone delivery ecosystem.

Get ready to identify the pros and cons of the regulatory framework, local reforms, and its impact on the Industry. Know how Leaders in Drone Package Delivery are keeping themselves one step forward with our latest survey analysis

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Restraint: Bad weather maybe a roadblock to drone delivery schemes
Drone delivery depends a lot on the weather. For instance, when the temperature is very hot, the air density drops, which affects the drone lifting capacity. The same thing goes during cold season when the energy capacity for the drone is severely affected. Both of these challenges can be surpassed using new technologies, but the weather problem is still not avoidable. Companies are finding it difficult to build a dependable delivery system. In June 2021, Nature Scientific Reports did a study on the impact of weather on drone delivery services. The study says most drones used for commercial applications should never fly in rain or snow but can tolerate temperatures between 0 C and 40 C and winds up to 36 km/h. If then looked at 100 of the world's most populous cities for the weather. On average, there are only 10 hours a day when the weather lets up sufficiently to let drones fly safely.

Opportunity: Increase in ecommerce sales and demand for contactless delivery post-pandemic
In COVID pandemic aerial delivery drones were widely used by law enforcement agencies, quick service restaurants, logistics companies, healthcare service providers, and various ecommerce companies. Whether delivering critical medical supplies or a fresh meal from a local restaurant, the aerial logistics capability of drone delivery is becoming increasingly significant by organizations post-pandemic, with countries removing lockdown restrictions

Recent Developments
In March 2022, EHang partnered with Aerotree Flight Services Sdn. Bhd., a subsidiary of Malaysia's AEROTREE Group, to jointly develop urban air mobility (UAM) business, including MRO and training, in Malaysia. Pursuant to the partnership, AEROTREE has placed a pre-order for EHang's 50 units of the EH216 series, as well as 10 units of the VT-30.
In March 2022, ITOCHU Corporation signed a partnership with Wingcopter to distribute and lease Wingcopter 198 in Japan. The Japanese conglomerate also made a strategic investment in Wingcopter.
In February 2022, Zipline and Kisumu County, a member of the Lake Region Economic Bloc (LREB), executed an agreement for the storage and delivery of COVID-19 vaccines, blood products, and other medical commodities to health facilities within the Kisumu County.
In February 2022, Wing Aviation LLC teamed up with Kentucky Fried Chicken (KFC) (Australia) to deliver a range of hot and fresh menu items direct to homes and workplaces in Logan, Queensland.
In September 2021, Matternet and SkyGo partnered with Abu Dhabi DoH for the world's first city-wide medical drone network. The network will significantly increase the connectivity of the Emirate's health ecosystem and position it as a global leader in advanced air mobility

Drone Package Delivery Market - Key Market Dynamics:

Market Driver - The increased use of drones by e-commerce companies is one of the key drivers fueling the drone package delivery market growth. Various factors such as rising costs of fuel, fleet service and maintenance, and labor are negatively affecting the revenue of e-commerce companies. Thus, many logistics players in partnership with e-commerce companies are investing in automated logistics solutions, such as drone delivery, to sustain in the highly competitive market, which is expected to replace manual interactions. For instance, in March 2022, EHang collaborated with Aerotree Flight Services Sdn. Bhd. to develop urban air mobility (UAM) business in Malaysia, including MRO and training. As a part of the agreement, AEROTREE has placed a pre-order for 50 EHang EH216 series and 10 VT-30 drones. Hence, an increase in the use of drones by the e-commerce industry will support the growth of the global drone package delivery market during the forecast period.
Market Challenges - Restrictive laws and regulations governing UAV use are the key challenges impeding the drone package delivery market growth. Drones have a wider operational range than crewed aircraft, along with other differentiating physical and operational characteristics. Although governments and commercial bodies use unmanned aircraft systems (UASs) and UAVs for a variety of applications, their scope of use is dependent on various laws and regulations enacted by numerous governments across different countries. Such regulations restrict the scope of drone operations and hinder their mass adoption. Such regulatory hurdles will adversely affect the drone package delivery market growth during the forecast period.

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