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Drone Package Delivery Market worth $4,666 million by 2030 - Exclusive Report by MarketsandMarkets™


News provided by

MarketsandMarkets

Jul 05, 2024, 06:00 ET

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CHICAGO, July 5, 2024 /PRNewswire/ -- The Drone Package Delivery Market is valued at USD 693 million in 2024 and is projected to reach USD 4,666 million by 2030, at a CAGR of 37.4% from 2024 to 2030 according to a new report by MarketsandMarkets™. The drone package delivery market is driven by the growing need for quick, instant, same day delivery, and emergency supplies. The drones offer a cost-effective delivery solution as compared to traditional ground-based delivery methods, especially for last-mile deliveries. The UAV-based delivery reduces the need for large delivery vehicles, which in turn lowers traffic congestion and decreases greenhouse gas emissions. Furthermore, the enhancements in regulatory frameworks to support drone package delivery by focusing on reducing carbon emissions are also driving the market growth.

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Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=10580366

Browse in-depth TOC on "Drone Package Delivery Market"

240 – Tables
81 – Figures
291 – Pages

Drone Package Delivery Market Report Scope:

Report Coverage

Details

Market Revenue in 2024

$ 693 million

Estimated Value by 2030

$ 4,666 million

Growth Rate

Poised to grow at a CAGR of 37.4%

Market Size Available for

2020–2030

Forecast Period

2024–2030

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Solution, Type, Range, Medium, Package Size, Duration, End Use, Operation Mode and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Data Security Breaches

Key Market Opportunities

Use of drones for delivery in military operations

Key Market Drivers

Increasing demand for fast delivery services

Based on the End Use, the Medical Aid segment is estimated to hold the highest market share during the forecast period.

Based on the End Use, the Medical Aid segment is estimated to lead the drone package delivery market from 2024 to 2030. Medical Aid is growing rapidly due to the urgent requirement of quick and accurate delivery of medical products, particularly in remote areas. The Development in drone technology has enhanced the delivery of essential items including medicine, vaccines, and blood samples within a short time to improve on patient care quickly. The demand for medical aid via drones is growing globally due to its cost-effectiveness, instant supplies and ability to deliver in remote areas which drives the market growth.

Based on the Solution, the Platform segment is estimated to hold the highest market share during the forecast period.

Based on the Solution, the Platform segment is estimated to hold the highest market share during the forecast period. The growth of the segment is due to the adoption of drones for the delivery of food items, product packages, and medical supplies, among others. There is increasing investment in R&D for advanced weather-resistant drones for more enhanced deliveries with the support of regulatory approvals. The advanced application of AI for route planning and self-organizing control systems, along with the improved connectivity of the existing systems within the logistic networks to improve operational efficiency of drone to drive the growth of delivery drone market.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=10580366

Based on regions, the Asia Pacific is projected to grow at highest CAGR for Drone Package Delivery industry during forecast period.

Based on region the Asia Pacific region is estimated to account for the highest CAGR during the forecast period.  The growth of the market in this region is attributed to the rapid urbanization, increasing e-commerce platforms and advanced technological adoption. The increasing use of drones in the countries such as China, India, Japan, Malaysia among others is experiencing demands for instant food and grocery deliveries. The Asia Pacific drone parcel delivery market is expected to witness significant growth due to advanced technological innovations, low-cost manufacturing, and increasing demand for instant deliveries in the region.

Key Players

The Drone Package Delivery companies is dominated by a few globally established players such as Alphabet Inc. (US), Zipline International, Inc. (US), United Parcel Service, Inc. (US), Wingcopter (Germany) and Matternet, Inc. (US).

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=10580366

Browse Adjacent Market: Aerospace and Defence Market Research Reports & Consulting

Related Reports: 

UAV (Drone) Market by Type (Fixed Wing, Rotary Wing, Hybrid), Platform (Civil & Commercial, and Defense & Government), Point of Sale, Systems, Function, Industry, Application, Mode of Operation, MTOW, Range and Region - Global Forecast to 2029

Drone Logistics and Transportation Market by Platform (Freight, Passenger, Ambulance Drones), Application (Logistics, Transportation), Solution (Hardware, Software, Infrastructure), User, Range, and Region - Global Forecast to 2030

Autonomous Last Mile Delivery Market by Platform (Aerial Delivery Drones (Cargo Drones, Delivery Drones), Ground Delivery Vehicles (Delivery Bots, Self-Driving Vans & Trucks)), Solution, Application, Payload Weight, Range and Region - Global Forecast to 2030

Drone Services Market by Type (Platform Service, MRO, Training and Simulation), Application (Inspection and Monitoring, Mapping and Surveying, Sprating and Seeding, Filming and photography, Others), Solution, Industry and Region - Global Forecast to 2028

Multirotor Drones Market by Application (Defense, Aerial Shooting, Business & Commerce, Law Enforcement, Environmental Inspection), Payload (Electro-optic Sensor, Cameras, Sense & Avoid System, LiDAR, CBRN, Wi-Fi, GPS), & Region - Global Forecasts to 2020

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:

Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/drone-package-delivery-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/drone-package-delivery.asp

Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg

SOURCE MarketsandMarkets

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