The Delivery Drones Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Delivery Drones Global Market Report 2024, 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.
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.
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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 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 delivery drones market report table of contents includes:
1. Executive Summary
2. Delivery Drones Market Characteristics
3. Delivery Drones Market Trends And Strategies
4. Delivery Drones Market – Macro Economic Scenario
5. Global Delivery Drones Market Size and Growth
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31. Delivery Drones Market Other Major And Innovative Companies
32. Global Delivery Drones Market Competitive Benchmarking
33. Global Delivery Drones Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Delivery Drones Market
35. Delivery Drones Market Future Outlook and Potential Analysis
36. Appendix
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