What is the global market size of Drone Package Delivery Market?

Global Drone Package Delivery Market size was valued at USD 530.2 million in 2022 and is poised to grow from USD 759.78 million in 2023 to USD 13510 Million by 2031, at a CAGR of 43.3% during the forecast period (2024-2031).

Drone Package Delivery Market Size, Share, Growth Analysis, By Drone Type(Fixed-Wing, Multirotor, Hybrid), By Platform(Airframe, Avionic & Sensory Payload, Propulsion, Software (Route Planning & Optimizing), By End-User(E-commerce Companies, Quick Service Restaurants (QSRs), Healthcare and Pharmaceuticals, and Retail), By Package Size(Small (< 2 kg), Medium (2 kg - 5 kg), Large (> 5 kg)), By Range(Short Range (Less than 25 km), Medium Range (25 km - 50 km), Long Range (More than 50 km)), By Operation Mode(Remotely Piloted, Partially Autonomous, Fully Autonomous), By End-User(E-commerce companies, restaurants (grocery, food & beverages), healthcare and pharmaceuticals (medical supply), By Region - Industry Forecast 2024-2031

Report ID: SQMIG45I2177 | Region: Global | Published Date: June, 2024
Pages: 197 | Tables: 218 | Figures: 80

Drone Package Delivery Market News

In May 2023, the aerospace business of Honeywell International Inc. secured a deal with the U.S. Navy to supply ring laser gyros for the AN7/WSN Drone Package Delivery system.
In August 2023, Walmart and Wing partnered to offer drone delivery services in Dallas-Fort Worth for a variety of products, including groceries, medications, and meals.

Drone Package Delivery Market Report Snapshots

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Global Drone Package Delivery Market size was valued at USD 0.53 billion in 2022 and is poised to grow from USD 0.76 billion in 2023 to USD 13.5 billion by 2031, at a CAGR of 43.3% during the forecast period (2024-2031).

The aggressive environment of the Drone Package Delivery marketplace is dynamic and is dynamic and marked by means of extreme competition amongst key gamers striving for innovation and market leadership. Major generation companies and logistics providers are at the vanguard, investing considerably in studies and improvement to beautify drone talents. Strategic partnerships and collaborations are ordinary, as businesses search for to leverage complementary strengths and extend their geographical attainment. 'Zipline (USA)', 'Wing (formerly Project Wing by Alphabet/Google) (USA)', 'Matternet (USA)', 'Swoop Aero (Australia)', 'Manna Drone Delivery (Ireland)', 'UPS Flight Forward (USA)', 'FedEx (USA)', 'Deutsche Post DHL Group (Germany)', 'EHang (China)', 'Wingcopter (Germany)', 'The Boeing Company (USA)', 'Prime Air (USA)', 'Flirtey (New Zealand)', 'Flytrex (Israel)', 'Skycart Inc. (USA)', 'Spright (USA)', 'PABLO AIR Co.,Ltd. (Korea)', 'FlyingBasket (Italy)', 'Volansi (Switzerland)', 'Aergility (Switzerland)'

The surge in e-commerce sports, intensified via the worldwide shift towards on-line buying, acts as a number one driver. Drones offer a fast and value-effective answer for ultimate-mile deliveries, meeting the escalating customer demand for timely shipments. Additionally, technological advancements in drone skills, consisting of stepped forward battery life and greater payload capacities, contribute to the market's increase.

Rising Development Of Advanced Drone Technologies: The discernible fashion towards the development of advanced drone technologies, including vertical take-off and touchdown (VTOL) abilities, longer flight ranges, and improved payload capacities. These advancements enhance the efficiency and flexibility of drone deliveries, catering to a broader variety of logistical wishes.

North America is expected to dominate the drone bundle shipping market. The place is a hub for technological innovation, and predominant players within the drone enterprise are centered here. Regulatory frameworks in North America are incredibly advanced, offering a conducive environment for the deployment of drone transport services.

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