The Drone Package Delivery Global Market Report 2023 by The Business Research Company, provides drone package delivery market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Drone Package Delivery Global Market Report 2023, the market grew from $1.46 billion in 2022 to $2.10 billion in 2023 at a compound annual growth rate (CAGR) of 43.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of drone package delivery is expected to grow to $9.21 billion in 2027 at a CAGR of 44.7%.
The increasing demand for drone deliveries during COVID-19 is expected to propel the growth of the drone package delivery market in the coming years.
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The drone package delivery market is segmented:
1) By Drone Type: Fixed Wing, Rotor Drone, Hybrid Drones
2) By Range: Short <25 Kilometers, Long >25 Kilometers
3) By Package Size: < 2 Kilograms, 2 – 5 Kilograms, > 5 Kilograms
4) By Application: E-Commerce, Quick Service Restaurant, Convenience Stores, Healthcare, Other Applications
The growing technological advancements are a key trend gaining popularity in the drone package delivery market. Over the last several years, drones have become extremely prevalent as many individuals and organizations completely accept and incorporate this technology into their business model. For instance, in May 2022, Skyway, an air traffic navigation provider partnered with Zing Drone Delivery, tested their first-ever food product delivery by drone. Zing’s advanced delivery systems were used in cooperation with strategic partners to bring its services to the area.
The drone package delivery market report table of contents includes:
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Top Major Players
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