Global Drone Package Delivery Market is valued at approximately USD 608.3 Million in 2021 and is anticipated to grow with a healthy growth rate of more than 44.23% over the forecast period 2022-2029. Drone Package Delivery is used for transportation of food, medical supplies, packages, and other goods. It is available in fixed-wing, multirotor, hybrid type etc. The Drone Package Delivery Market is expanding because of factors such as Increasing focus on environment sustainability and Growing investments in UAV industry. However, Data security breaches and drug trafficking using aerial delivery drones may halt market growth.
According to The Government of Rwanda also targets to complete close to 2 million deliveries with the help of drones and to fly over 200 million kilometers (over 124 million miles) in Rwanda by 2029. Likewise, in November 2022, The Regulators’ Pioneer Fund provides funding to 24 regulators and local authorities with around USD 14.52 million (£12 million) to eliminate regulatory barriers and support businesses introducing products and services to market. Another important component driving space increase is Increase in e-commerce sales and Rising demand for contactless delivery post-pandemic However, Data security breaches and drug trafficking using aerial delivery drone’s stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Drone Package Delivery Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Europe dominated the space in terms of revenue, owing to the dominance of growing geriatric population and promptness & affordability of urgent care services coupled with the well-established healthcare infrastructure. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as Rising demand for faster and safer package delivery among key players, and active participation of government and nonprofit organizations in the market space.
Major market player included in this report are:
Amazon.Com, Inc.
FedEx
United Parcel Service of America, Inc.
Manna Drone Delivery
DHL International GmbH
Matternet, Inc.
Zipline
Flirtey
Drone Delivery Canada Corp.
Flytrex
Recent Developments in the Market:
Expansion – In Mar 2021 Flirtey to certify and expand production of the Flirtey Eagle drone delivery system. The company is certifying and expanding its U.S. production of delivery drones to meet growing demand. Flirtey raised approximately 15 million dollars in its Series B funding, which valued the company at approximately 100 million dollars
In Expansion – In Aug 2022 Manna Drone Delivery expanding its New Delivery Sites and Manufacturing units into the USA and Europe. The company partners with more than 30 vendors, to provide rapid suburban deliveries that are affordable, green, and safe. Manna’s one autonomous aircraft can complete 100 deliveries in a day and manage up to 20 aircraft at a time.
Global Drone Package Delivery Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Solution, Range, Package, Size, Duration Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Solution:
Platform
Infrastructure
Software
Service
By Range:
Short 25 km
By Package Size:
5Kg
By Duration:
Short min
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World