Delivery Drone Market Size was valued at USD 0.2 billion in 2022. The delivery drone market industry is projected to grow from USD 0.29 Billion in 2023 to USD 3.2 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 49.00% during the forecast period (2023 - 2030). Increased research and development activity, as well as a reduction in size are the key market drivers enhancing the market growth.
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
Delivery drone market CAGR is being driven by increasing adoption of UAVs in commercial applications in essential areas such as agriculture, logistics and transportation, and healthcare is likely to fuel demand for drone delivery services over the market forecast period. Increasing demand for same-day, faster deliveries with higher fees, as well as technological developments in heavy-lift drone-based delivery, are projected to fuel market expansion. Furthermore, the expansion of local enterprises into new markets, the healthcare ecosystem raising patent response rates, and the availability of life-saving treatments and reports are all factors affecting the growth of the drone package delivery market.
For different drone delivery industry stakeholders, including drone OEMs, service providers, drone as a software service provider, drone flight infrastructure providers, and others, the drone package delivery utilities are expected to increase market growth opportunities. The companies that produce drones concentrate on creating low-cost parts and technologies that can transport large payloads over long distances. Examples of these include the switch from VTOL to fixed-wing forward flight, centralised aerial traffic management systems, and various cloud-based services.
For instance, in 2019 Zipline International and the Ghanaian Ministry of Health signed a Memorandum of Understanding to provide a drone-enabled supply chain solution. The automated logistics company will serve over 2000 hospitals and clinics, offering services around-the-clock and in any weather. The medical and healthcare staff will benefit more than 12 million people. Delivery services for online shopping, food delivery, and personal packages are being transformed by a number of startup drone businesses. By utilising drone technology, e-commerce companies are concentrating on enhancing their last-mile delivery capabilities. In the near future, the emergence of automated delivery systems will further support market expansion. Thus, driving the delivery drone market revenue.
The delivery drone market segmentation, based on type includes rotary-wing and fixed-wing. In 2022, the rotary wing category held the largest share of roughly 73.0%. The ability of rotary blade drones to hover and conduct agile maneuvers while maintaining a visual on a specific target for extended periods of time is expected to drive up demand for inspection activities. These drones are frequently seen as a viable alternative for a variety of commercial purposes such as surveillance, filmmaking, photography, and monitoring. Also, they are easier to fly than hybrid and fixed-wing equivalents. Delivery Drone Capacity Insights
Figure 1: Delivery Drone Market, by type, 2022 & 2030 (USD billion)
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
The delivery drone market segmentation, based on capacity, includes >10kg and <10kg. The less than 10 kg segment dominated in 2021 and is predicted to hold a market share by 2030. Because of the increased need for lightweight retail products and healthcare items packages around the world.
Convenience stores, healthcare, e-commerce, quick-service restaurants, and others are among the applications that make up the delivery drone market data. Due to high demand for medical products, pathological lab samples, vaccines, and medical instruments in various countries, the healthcare segment is expected to have a dominant market share during the forecast period. The emergence of numerous healthcare product delivery companies worldwide, such as Ziplin, Matternet, Volansi, and Drone Delivery Canada Corp., will drive demand for drone delivery solutions in the coming years, particularly for healthcare delivery services.
The delivery drone industry is divided into components such as propulsion system, airframe, controller system, battery, camera, navigation, and others. The market was dominated by the propulsion system. Propulsion is the use of force to affect the translational motion of an object, which is often a rigid body (or an articulated rigid body) but may also involve a fluid. The name is derived from two Roman words pro, which means before or ahead, and pellere, which means to drive. A propulsion system is made up of a mechanical power source and a propulsor (means of converting this power into propulsive force).
End-user segments in the delivery drone industry include retail & logistics, food & drinks, healthcare, and others. Throughout the projection period, the retail and ogistics segment is expected to develop at the fastest CAGR. The usage of this segment in airborne transportation of tiny packages of commercial products is primarily responsible for its expansion. High speed, door-to-door delivery, the elimination of the need for road transportation, and cost-effectiveness are likely to drive the use of delivery drones in the logistics sector.
By Region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. North America will dominate the worldwide drone package delivery market from 2022 to 2030. This is primarily owing to the region's ever-increasing customer demand for e-commerce platforms, as well as favorable Federal Aviation Administration (FAA) regulations that encourage market growth. The large expenditures made by existing enterprises to promote start-up companies in such delivery services also favor growth in this region.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: DELIVERY DRONE MARKET SHARE BY REGION 2022 (%)
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe’s delivery drone market accounts for the second-largest market share Due to partnerships and collaborations, technology-based businesses and numerous drone-based delivery services have established a significant presence in Europe. Further, the German delivery drone market held the largest market share, and the UK delivery drone market was the fastest-growing market in the European region
The Asia-Pacific Delivery Drone Market is expected to grow at the fastest CAGR from 2023 to 2030. This is due to the vast population's growing demand for online food purchases. The growing popularity of online grocery shopping in developing countries like China, India, and Indonesia will fuel regional market expansion in the coming years. Moreover, China’s delivery drone market held the largest market share, and the Indian delivery drone market was the fastest-growing market in the Asia-Pacific region.
Leading market players are extensively spending in research and development in order to extend their product lines, which will help the delivery drone market grow even more. Market participants are also engaging in a number of strategic initiatives to grow their worldwide presence, with significant market developments including new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. To grow and thrive in a more competitive and growing market, the delivery drone industry must provide cost-effective products.
Producing locally to reduce operational costs is a fundamental business strategy utilized by manufacturers in the delivery drone industry to serve clients and expand the market sector. The delivery drone industry has provided some of the most significant benefits to medicine in recent years. FedEx (US), Flirtey (US), Amazon (US), DJI (China), EHANG (China),,COM (China), Skycatch, Inc. (US), Airbus SAS (Netherlands), Google (US), and other major participants in the delivery drone market are incorporating new ideas and techniques to increase worldwide market growth.
All Nippon Airlines Co. is a Japanese airline. Its headquarters are in Shiodome City Center in Tokyo's Minato ward's Shiodome neighborhood. As of March 2016, it employed over 20,000 people and provided services to both domestic and international locations. In April 2021, ANA Holdings Inc. has joined forces with Wingcopter to hasten the deployment of drones to carry critical drugs and other consumer goods to the country's isolated islands and hilly regions.
AeroVironment, Inc. is a Virginia-based American defense contractor that designs and builds unmanned aerial vehicles (UAVs). Paul B. MacCready Jr., a human-powered aircraft designer, created the firm in 1971. The company's most well-known products are its lightweight human-powered and solar-powered cars. The business is the primary supplier of small drones to the US military, most notably the Raven, Switchblade, Wasp, and Puma variants. In September 2022, AeroVironment Inc. introduced the Vapor 55MX, a next-generation VAPOR Helicopter that provides customers in the defense, commercial, and industrial sectors with significantly increased endurance and payload capacity.
For instance, In November 2021, Drone Delivery Canada (DDC) announced the successful launch of its next-generation Sparrow unmanned aircraft system (UAS). The avionics system configuration, communications with the Flyte management system and the next generation smart battery system, propulsion system testing, and onboard sensors of the drone were all tested.
For instance, In October 2021,Walgreens, the second-largest pharmacy store chain in the United States, has begun testing drone deliveries to people in two Texas communities in collaboration with Google's drone-making affiliate, Wing. Wing's first commercial expansion in the United States would follow years of testing in Virginia, Australia, and Finland.
For instance, In May 2021, Flytrex was granted FAA permission for drone delivery and flight over humans, allowing the company to extend retail products drone delivery services in Fayetteville, North Carolina (United States).
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)