SAN FRANCISCO, Aug. 24, 2023 /PRNewswire/ -- The global delivery drones market size is anticipated to reach USD 10.47 billion by 2030, registering a CAGR of 42.6% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market is projected to experience substantial growth in the coming years as more businesses adopt them for their operations. The market has evolved from the initial generation of drones, which offered basic controls and remote-controlled aircraft, to the latest generation 7 drones that feature advanced capabilities, such as 3D robotics, gimbals, high-quality video recording, artificial intelligence (AI), safety modes, increased carrying capacity, and more. These smart drones come with built-in protections and compliance technology, intelligent precision sensors, and self-monitoring capabilities, representing major advancements in drone technology.
Key Industry Insights & Findings from the report:
- Based on drone type, the multirotor wing segment accounted for the highest revenue share in 2022. This is attributed to their utilization in various industries, such as e-commerce, quick service restaurants (QSR), and healthcare, enabling efficient and timely deliveries
- Based on component, the service segment is expected to grow at the highest CAGR of 49% from 2023 to 2030 owing to the growing demand for efficient and fast last-mile delivery solutions, particularly in urban areas
- Asia Pacific is expected to register the fastest CAGR over the forecast period due to pertaining technological advancements in the region
- In addition, the rising trend of online grocery shopping in countries like India, South Korea, Australia, and others is expected to drive significant growth in the regional market
Read 300-page market research report, "Delivery Drones Market Size, Share & Trends Analysis Report By Component (Hardware, Services), By Application (Agriculture, Healthcare), By Drone Type, By Range, By Payload, By Duration, By Operation Mode, By Region, And Segment Forecasts, 2023 - 2030", published by Grand View Research.
Delivery Drones Market Growth & Trends
These advancements are expected to create new opportunities in various sectors, including delivery, transportation, military applications, commercial industries, and more. Furthermore, due to the COVID-19 pandemic, there has been an increased use of drones for the delivery of a wide range of medical equipment, cargo, and packages, as compared to older delivery channels, to increase emphasis on contactless delivery to remote and inaccessible areas leading to augmented product demand in the peak of the pandemic. Similarly, the continued trend led to massive investment in technology implementation for drone delivery when many operators completed test flights. With an increased demand for global drone delivery services, various countries are easing regulations to support various drone operations in their airspace.
This, in turn, is expected to accelerate drone purchase growth over the forecast period to offer new delivery routes for remote areas. In addition, the growing product adoption across various industries, coupled with their impressive real-world performance and technological advancements, is anticipated to drive market growth in the near future. Moreover, enterprises are focused on launching new products to implement comprehensive solutions. For instance, in May 2023, A2Z Drone Delivery, a commercial drone delivery systems provider, unveiled their latest long-range last-mile delivery drone called the RDSX Pelican. This flagship drone boasts a payload capacity of up to five kilograms and a significant range of 40 kilometers (24.8 miles). Such advancements by key players are expected to fuel the growth of the market over the forecast period.
Delivery Drones Market Report Scope
Report Attribute | Details |
Market size value in 2023 | USD 873.4 million |
Revenue forecast in 2030 | USD 10.47 billion |
Growth rate | CAGR of 42.6% from 2023 to 2030 |
Base year for estimation | 2022 |
Historical data | 2018 - 2021 |
Forecast period | 2023 - 2030 |
Delivery Drones Market Segmentation
Grand View Research has segmented the global delivery drones market based on component, drone type, range, payload, duration, operation mode, application, and region
Delivery Drones Market - Component Outlook (Revenue, USD Million, 2018 - 2030)
- Hardware
- Software
- Services
Delivery Drones Market - Drone Type Outlook (Revenue, USD Million, 2018 - 2030)
- Multi-rotor Wing
- Fixed Wing
- Hybrid Wing
Delivery Drones Market - Delivery Drones Range Outlook (Revenue, USD Million, 2018 - 2030)
- Less than or Equal to 25 Km
- More than 25 Km
Delivery Drones Market - Payload Outlook (Revenue, USD Million, 2018 - 2030)
- Less than 2 Kg
- 2 Kg to 5 Kg
- More than 5 Kg
Delivery Drones Market - Duration Outlook (Revenue, USD Million, 2018 - 2030)
- Less than 30 minutes
- More than 30 minutes
Delivery Drones Market - Operation Mode Outlook (Revenue, USD Million, 2018 - 2030)
- Remotely Piloted
- Partially Autonomous
- Fully Autonomous
Delivery Drones Market - Application Outlook (Revenue, USD Million, 2018 - 2030)
- Retail & E-Commerce
- Healthcare
- Logistics & Transportation
- Food & Beverages
- Military & Defense
- Agriculture
- Others
Delivery Drones Market - Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Spain
- Italy
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- UAE
- South Africa
List of Key Players in Delivery Drones Market
- Airbus SAS
- Amazon.com, Inc.
- The Boeing Company
- DHL International GmbH
- Drone Delivery Canada Corp.
- Flytrex Inc.
- Skycart Inc.
- Wingcopter GmbH
- Wing Aviation LLC
- Matternet Inc.
- Zipline International Inc.
- Fli Drone
- SZ DJI Technology Co., Ltd.
- United Parcel Service of America, Inc. (UPS)
- FedEx Corp.
Check out more related studies published by Grand View Research:
- Consumer Drone Market - The global consumer drone market size is projected to be valued at USD 11.56 billion by 2030, with an estimated CAGR of 13.3% from 2023 to 2030, according to the latest report by Grand View Research, Inc. The market is expected to expand significantly due to its widespread commercial and leisure applications. Companies are using drone-acquired data to speed up service delivery in their business operations. Evolution in in-flight controls and technology, as well as advancements in portable video and camera technology, have increased demand for consumer drones such as tiltrotors, multi-copters, and helicopters. The development of cutting-edge technology that makes drones safer, such as geo-fencing and collision avoidance, has led to a rise in the use of consumer drones.
- Drone Data Service Market - The global drone data service market size is expected to reach USD 8.15 billion by 2025, expanding at a CAGR of 57.3%, according to a new report by Grand View Research, Inc. The growth can be attributed to the growing usage of information acquired by drones in operational and big data analytics. The increasing need for UAV imagery analysis is presumed to impact the global drone imagery processing software industry positively and add a new horizon in imagery storage technologies.
- Drone-Powered Business Solutions Market - The global drone-powered business solutions market size is anticipated to reach USD 84.31 billion by 2025, according to a new report by Grand View Research, Inc. Drones have now moved past the hobby realm and are increasingly being used for a wide range of applications. Businesses across the world are exploring new applications of drones in their day-to-day operations.
Browse through Grand View Research's Next Generation Technologies Industry Research Reports
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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