USD 528.20 million
Delivery Drones Market Size, Share, Growth Analysis, By Drone Type (Fixed, Multirotor), By Component (Ground Control Stations, Charging Stations), By Solution, By Payload Capacity, By Range, By Speed, By Region -Industry Forecast 2025-2032.
Report ID:
SQMIG20R2015 |
Region:
Global |
Published Date: November, 2024
Pages:
242
|Tables:
119
|Figures:
77
Delivery Drones Market Insights
Delivery Drones Market size was valued at USD 754.8 Million in 2023 and is poised to grow from USD 1078.61 Million in 2024 to USD 18755.15 Million by 2032, growing at a CAGR of 42.90% during the forecast period (2025-2032).
Delivery Drones, or unmanned aerial vehicles, are used to transport cargo. These drones are available in three main varieties: hybrid, rotor, and fixed-wing. Due to their ability to cut down on traffic and deliver items on time, these drones are becoming more and more popular. In order to convey items to remote regions, logistics and freight transportation companies are now using drones. Due to their high flying speeds and ability for vertical takeoff and landing, drones are excellent for a variety of delivery options. In response to the rising demand for drone delivery services globally, a number of nations are lowering laws to let drones to operate in their skies. Over the projected period, this is likely to expedite the development of drone procurements to provide new supply routes for rural areas.
A lot of logistics and transportation businesses are investing heavily in building an effective infrastructure for drone-based airborne deliveries. Drone delivery is a cutting-edge mode of transportation for businesses, commercial enterprises, and healthcare facilities. Due to its rapid delivery, great accuracy, and no need for human intervention, it has become the most popular logistical system in the global supply chain. Over the past few years, businesses like Zipline and United Parcel Service of America have expanded. The growing use of delivery drones for medical supplies and emergency medical services is causing the healthcare sector to grow in the market, according to the Drone Delivery Market Analysis Report. The E-commerce application area is also growing as more goods are transported and drones are employed more regularly in the online retail industry.
US Delivery Drones Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Hybrid
Fastest Growth
Hybrid
Growth Rate
42.90% CAGR
Global Delivery Drones Market ($ Mn)
Country Share for North America Region (%)
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Delivery Drones Market Segmental Analysis
Global Delivery Drones Market is segmented into Drone Type, Component, Solution, Payload Capacity, Range, Speed, Vertical, and region. By Drone Type, the market is classified into Fixed, Multirotor, Fixed Wing VTOL. Based on Component, the market is segmented into Ground Control Stations, Charging Stations, Landing Pads, Micro-Fulfillment Centers. Based on Solution, the market is segmented into Route Planning and Optimizing, Inventory Management, Live Tracking, Fleet Management, Computer Vision. Depending on the Payload Capacity, it is categorized into <5 Kilograms, 5 – 10 Kilograms, and >5 Kilograms. According to Range, the market is divided into Short Range, 25 – 50 Kilometers, and >50 Kilometers. Based on Speed, the market is segmented into <100 Km/Hour, 100 – 150 Km/Hour, and >150 Km/Hour. Based on Vertical, the market is segmented into Healthcare & Pharmacy, Retail & Food, Postal & Logistics, and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Delivery Drones Market Analysis by Type
Based on type, The hybrid segment is expected to develop at the fastest CAGR over the projected period, owing to hybrid UAVS's superior capabilities for speedy vertical take-offs and landings and Al-based collision avoidance detections. Due to its operational suitability, hybrid drones are widely used in numerous commercial and industrial applications. Due to the additional payload carrying capacity under their bodies, multi-copter types are frequently used by service providers and logistical businesses.
It is anticipated that their superior aerodynamic structure and other technological advantages would fuel this segment's growth in the years to come. During the forecast period, the fixed-wing segment is anticipated to develop at the highest CAGR. The demand for fixed-wing drones is increasing as a result of the expanding uses for aerial photography and analysis. Future market expansion will be fueled by the rising demand for long-range UAVS.
Delivery Drones Market Analysis by End-use
Based on end-use, The high demand for medical items, pathological lab samples, vaccinations, and medical equipment in various nations is expected to cause the healthcare segment to hold a leading market position during the projection period. The demand for drone delivery solutions will increase over the coming years due to the introduction of various healthcare product delivery companies on a global scale, including Zipline, Matternet, Volans, and Drone Delivery Canada Corp., particularly for healthcare delivery services. The eCommerce sector has relied on the contactless delivery system to meet client demands for a variety of products in the midst of the current COVID-19 epidemic due to temporary supply chain disruptions. Due to the advancement of faster delivery drones, the market expansion of the restaurant & food supply segment is anticipated to be driven by the increased usage of online food retail platforms, ready-to-eat meals, and food delivery services over the forecast period. Due to drone OEMs' heavy-lift delivery platforms, the retail logistics and transportation market is predicted to expand during the projection period.
Global Delivery Drones Market By Type
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Delivery Drones Market Regional Insights
North America region dominance in drone package delivery market share is attributable to the rising trend of online shopping on e-commerce platforms and advantageous FAA regulations in the US. The growth in investments from vital players such as Zipline, FedEx, UPS, Matternet, Volans, Wing, and others to sustain startup companies for founding parcel service platforms in the region will assist the region's dominance in the market share during the forecast period.
It is anticipated that during the forecast period, the market in Europe would expand at a consistent CAGR. Through alliances and cooperation, the major technology-based businesses and numerous drone-based delivery services have established a significant presence in Europe. For instance, new medical delivery services for supplies, samples, drugs, and specimens in the hospitals will launch in July 2020 thanks to a partnership between the Scotland-based drone service operator Skyports and the technological behemoths Vodafone and Deloitte.
Because of the rising demand for online food purchases among the huge population, the market in the Asia Pacific is predicted to rise strongly. The growing popularity of online grocery shopping in developing countries like China, India, and Indonesia will fuel regional market expansion in the coming years.
The rise of drone startups across Latin America, the Middle East, and Africa is likely to drive a strong CAGR. For example, Zipline and the Kaduna State Government of Nigeria reached an agreement in February to use the drone delivery system for the healthcare supply chain, a greater patient response rate, and the delivery of life-saving vaccines, blood samples, and medical items to remote locations.
Global Delivery Drones Market By Region
- Largest
- Fastest
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Delivery Drones Market Dynamics
Delivery Drones Market Drivers
Rising Popularity of UAVs to Boost Market Growth during Forecast Period
- It is anticipated that the growing use of UAVS in commercial applications in key industries including agriculture, logistics & transportation, and healthcare will drive demand for drone delivery services During the market forecast period. The technological advancements in heavy-lift drone-based delivery and the high demand for same-day, faster deliveries with higher prices are the factors projected to drive the market growth for the global industry. Additionally, local businesses expanding into new markets, the healthcare ecosystem improving patient response rates, and the availability of life-saving treatments and reports are all elements impacting the growth of the drone package delivery market. Over 2000 hospitals and clinics will be served by the automated logistics company's services, which will be offered around-the-clock and in any weather. The medical and healthcare professionals will benefit more than 12 million individuals. Delivery services like online shopping, restaurant delivery, and personal packages are being transformed by several new 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 distribution systems will further support industry expansion.
- Various drone delivery industry stakeholders, including drone OEMs, service providers, drone as a software service provider, drone fight infrastructure suppliers, and others, predict that the drone package delivery utilities will increase market growth potential. 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. Altitude Angel, the top provider of UTM (Unified Traffic Management) technology worldwide, will launch GuardianUTM in August 2021 in collaboration with JALUX Group.
Delivery Drones Market Restraints
High Cost of Adopting Modern Technology to Hinder Market Growth
- The next generation of heavy lift delivery drones are still being developed, and the ecosystem for drone-based goods and services is still in its infancy, as seen by the high operational expenses brought on by the recent adoption of new technology. Due to the need for numerous drone flying instructors to support last-mile delivery in order to meet the expectations of the consumers, the higher infrastructure cost is justifiable in the absence of more clearly defined government laws and restricted flight constraints. Over the projected period, it is anticipated that the lack of charging stations, micro-fulfillment centres, and drone flight operations centres in these economies will increase.
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Delivery Drones Market Competitive Landscape
Global delivery drones market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. The majority of the market's major players are technology-based businesses with robust product portfolios and top-notch distribution networks in both developed and developing nations. The market environment is significantly impacted by the emergence of low cost services as well as precise and safe transportation. Strategic alliances with retailers, wholesalers, and tech firms are anticipated to improve the profiles of the new market participants.
Delivery Drones Market Top Player's Company Profiles
- Matternet
- Zipline
- Flirtey
- Delivery Drone Canada
- Flytrex
- Workhorse Group
- Wing
- Airbus
- Skycart
- DroneScan
- Hardis Group
- Edronic
- Unsupervised.ai
- Altitude Angel
- Starship Technologies
- Nuro
- JD.com
- Amazon
- Eliport
- Robby Technologies
Delivery Drones Market Recent Developments
Delivery Drones Key Market Trends
- Along with the ongoing COVID-19 epidemic, increasing carbon footprint and global warming are two of the greatest concerns facing the globe right now. In such a critical situation, commercial drone-based delivery is perfect for cutting carbon emissions, particularly for the last-mile delivery (LMD) of various products. For instance, UPS Logistics was the first commercial business to be granted authorization by the U.S. Federal Aviation Authority (FAA) to run its "Drone Airline'' in 2019. The business established a drone delivery network for US medical campuses. UPS's drone delivery network, which has delivered 1850 pathology samples throughout the hospital campuses in North Carolina, has chosen Matterner's M2 drone as its platform.
Delivery Drones Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our delivery drones market analysis, in terms of type, the Hybrid Drone Segment to Accelerate Market Growth Due to VTOL Capabilities and Al-based Collision Avoidance. And in terms of end-use, the healthcare sector will post a high CAGR to propel market growth. Moreover, Rising Demand for Faster and Safer Package Delivery among Various Factors and huge private investment in UAV industry Drive Market Growth.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 528.20 million |
| Market size value in 2031 | USD 13124.67 million |
| Growth Rate | 42.90% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Delivery Drones Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Delivery Drones Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Delivery Drones Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Delivery Drones Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Delivery Drones Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Delivery Drones Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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