DUBLIN--(BUSINESS WIRE)--The "Drone Package Delivery Market by Solution (Platform, Infrastructure, Software, Service), Duration (<30 Minutes, >30 Minutes), Range (Short <25 Kilometers, Long >25 Kilometers), Package Size (<2KG, 2-5 KG, >5 KG), Region Global Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The drone package delivery market is projected to grow from USD 2.1 billion in 2023 to USD 27.4 billion by 2030, at a CAGR of 44.7% during the forecast period.
An increase in demand for faster delivery, amendments in the regulatory framework to encourage drone package delivery, and increased use of low-cost and light payload drones for product delivery by start-ups are some of the major factors driving the market for drone package delivery. However, the lack of required infrastructure to support drone delivery operations in emerging economies is limiting the overall growth of the market.
Short duration (<30 minutes) segment is estimated to account for a larger market in 2023
Based on duration, the market has been segmented into short duration (<30 minutes) and long duration (>30 minutes). The short duration segment is estimated to account for a larger share of the overall market in 2023. However, the long duration segment is projected to grow at a higher rate during the forecast period owing to the demand for instant package delivery at a lower cost.
Short range (<25 kilometers) segment is estimated to account for a market larger share in 2023
Based on range, the market has been segmented into short range (<25 kilometers) and long range (>25 kilometers). Short-range delivery drones are generally used for a short-range local delivery of packages. These drones, capable of traveling up to a distance of 25 kilometers in a single charging, enable instantaneous delivery of products after their online purchase. There is a rising demand for instant delivery of products and packages, such as medicines and food.
Asia Pacific is estimated to lead the drone package delivery market in 2023 China and Japan are the major countries in the Asia Pacific drone package delivery market and are leaders in the manufacturing of advanced delivery drones for commercial usage. Australia is among the most lucrative markets in the Asia Pacific Region. Alphabet's Wing has started the delivery of packages using drones in Australian suburbs in April 2019. Amazon Prime is also conducting trials in the country for the delivery of parcels through drones.
Market Dynamics
Drivers
- Increasing Demand for Faster Delivery
- Amendments in Regulatory Frameworks to Encourage Drone Package Delivery
- Increased Use of Low-Cost and Light Payload Drones for Product Delivery By Start-UPS
- Incorporation of Advanced Sense and Avoid Systems in Aerial Delivery Drones
- Increasing Demand for Lowering Carbon Emissions
Restraints
- Lack of Required Infrastructure to Support Drone Delivery Operations in Emerging Economies
- Limited Bandwidth and Battery Life of Aerial Delivery Drones
Opportunities
- Development of Aerial Delivery Drones That Function Smoothly in Geographically Challenging Areas
- Growth Opportunities for Vendors at Different Levels of the Value Chain of Drone Deliveries
- Incorporation of Internet of Things (IoT) in the Ecosystem of Delivery Drones
Challenges
- Safety and Security Issues Related to the Use of Delivery Drones
- Issues Related to Traffic Management of Delivery Drones
- Lack of Risk Management Framework and Insurance Cover for Aerial Delivery Drones
- Health Issues Due to Ceaseless Noise From Delivery Drones
Technology Trends
- Fog Computing
- Wireless Charging
- Automated Ground Control Stations
- Computer Vision
- Multi-Sensor Data Fusion for Effective Navigation
- Advanced Algorithms and Analytics for Drone Delivery
- Machine Learning Powered Analytics
- 5G Technology
- Manufacturing Through 3D Printing
- Blockchain
- Advanced Battery Technologies
- Supply Chain 4.0
Use Cases: Drone Package Delivery
- DHL Launches Drone Package Delivery in China
- UPS Makes Prescription Deliveries By Drones for Cvs Health Corp.
- Fedex Unites With Google Wing for Drone Delivery Testing
- Zomato Tested the First Food Delivery By Drone in India
- Use of Project Wing of Alphabet to Deliver Food and Medicines in Australia
- Regulators Approve Trial Flights of Urban Flight Delivery Systems of Drone Delivery Canada
- Ele.Me Starts Food Delivery Using Drones in Shanghai
- SF Express Received License to Start Aerial Drone-Based Network for Deliveries Within Pilot Zones of China
- Emqopter Delivers Food Parcels in Germany Using Aerial Delivery Drones
- Skyways Uav of Airbus Helicopters Conducts Its First Parcel Delivery in Singapore
- Zipline Plans to Deliver Medicines in African Region Using Aerial Delivery Drones
- Drone Deliveries to King's Walk Golf Course in Grand Forks, North Dakota
- Amazon Plans to Transform Parcel Delivery Using Prime Air Delivery Drone
- DHL Successfully Completed Trails of Bvlos Medicine Delivery Flights Across Lake Victoria, Tanzania
Connected Use Cases
- Nuro Autonomous Delivery Robots Providing Cost-Effective Grocery Delivery Services for Kroger
- Kiwibots Deployed to Carry Out Low-Cost Food Delivery Services in University Campuses in California
- Pepsico Delivers Snacks to College Students Using A Fleet of Ground Robots
- Fedex Delivers Parcels Using Sameday Delivery Bot
- Domino's Using Ground Delivery Robots to Deliver Pizza in New Zealand
- Starship Technology Offering Food Deliveries at George Mason University's Fairfax Campus
- Jd.Com Started Deliveries Using AI Equipped Ground Robots
- Amazon's Scout Ground Robot Delivering Parcels in Washingto
Companies Mentioned
- Amazon.Com, Inc.
- Fedex
- United Parcel Service of America, Inc.
- Boeing
- DHL International GmbH
- Matternet, Inc.
- Zipline
- Flirtey
- Drone Delivery Canada Corp.
- Flytrex
- Workhorse Group Inc.
- Cheetah Logistics Technology
- Wing Aviation LLC
- Airbus S.A.S.
- Skycart Inc.
- Dronescan
- Edronic
- Altitude Angel
- FLI Drone
- Bizzby
For more information about this report visit https://www.researchandmarkets.com/r/xcx3mt
