Press release
Delivery Drones Global Market Report 2024 - By Trends, Share, Size, Demand, Forecast To 2033
Delivery Drones
The Business Research Company offers in-depth market insights through Delivery Drones Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The delivery drones market size has grown exponentially in recent years. It will grow from $1.87 billion in 2023 to $2.35 billion in 2024 at a compound annual growth rate (CAGR) of 25.7%. The growth in the historic period can be attributed to urbanization, consumer demand for faster delivery, logistics and supply chain optimization, regulatory support and frameworks, cost reduction strategies.
The delivery drones market size is expected to see exponential growth in the next few years. It will grow to $5.77 billion in 2028 at a compound annual growth rate (CAGR) of 25.2%. The growth in the forecast period can be attributed to expanded range and payload capacity, environmental sustainability, interconnected smart cities, rural and remote area access, public perception and acceptance. Major trends in the forecast period include advancements in drone technology, integration of AI and machine learning, customization for specific delivery needs, integration with autonomous vehicles, beyond visual line-of-sight operations.
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Market Segmentation:
The delivery drones market covered in this report is segmented -
1) By Drone Type: Fixed Wing Drones, Rotor Drones, Hybrid Drones
2) By Payload: Less than 2 kg, 2-5 kg, More than 5 kg
3) By Application: E-commerce, Quick-service Restaurants (QSR), Healthcare, Others
Major Driver - Surge In Demand For Drone Deliveries Amidst COVID-19 Propels Growth In The Delivery Drones Market
The increase in demand for drone deliveries during COVID-19 contributed to the growth of the delivery drones market. During COVID-19, contactless distribution expanded, and drones play a crucial role in ensuring the companies and clients contact as little as needed. Drones were heading to the sky in massive numbers during the pandemic to bring vital goods and drugs to the population in lockdown. For instance, in December 2021, according to DroneDJ, a China-based drone industry information provider, In 2021, Wing, Alphabet's drone delivery unit, experienced a remarkable surge in operations, achieving over 140,000 deliveries across the US, Australia, and Finland-a remarkable 600% increase compared to 2020. Therefore, the increasing demand for drone deliveries during COVID-19 drives the growth of the delivery drones market.
Competitive Landscape:
Major companies operating in the delivery drones market report are Amazon.com Inc., Volkswagen AG, United Parcel Service of America Inc., Deutsche Post AG, FedEx Corporation, The Boeing Company, Airbus SE, Wing Aviation LLC, Uber Technologies Inc., Shenzhen Fli Drone Technology Co. Ltd., PT Gojek, Joby Aviation Inc., Elroy Air Inc., Wingcopter GmbH, EHang Holdings Limited, Wisk Aero Inc., Zipline International Inc., Flytrex Inc., 3D Robotics Inc., Altitude Angel Limited, Matternet Inc., Skycart Inc., Skyports Ltd., Swoop Aero Pty. Ltd., Flirtey Inc., Zing Delivery Inc., Volansi Inc., DJI Technology Co. Ltd., Alibaba Group Holding Ltd., Drone Delivery Canada Corp.
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Top Trend - Delivery Drones Market Embrace Collaborative Ventures For Enhanced Services
Major companies operating in the delivery drones market are focused on partnerships to increase their profitability in the market. Partnerships in delivery drones refer to collaborative arrangements between entities, such as companies, organizations, or institutions, to leverage each other's strengths, resources, and expertise in the development, deployment, or operation of drone delivery services. For instance, in August 2023, Royal Mail Group Limited, a UK-based postal service provider collaborated with Skyports Drone Services, a UK-based drone service provider to launch first postal delivery by drone in remote Scottish islands. The drone delivery service aims to improve delivery efficiency and timeliness, particularly for island communities affected by weather-related ferry disruptions. The service utilizes the Speedbird Aero DLV-2 aircraft to transport packages and mails to residential addresses, reducing the reliance on emissions-producing vehicles. This innovation is anticipated to enhance workflow in sectors like healthcare and delivery.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Delivery Drones Market Characteristics
3. Delivery Drones Market Trends And Strategies
4. Delivery Drones Market - Macro Economic Scenario
5. Delivery Drones Market Size And Growth
…..
27. Delivery Drones Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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