The global delivery drones market is estimated to be valued at US$ 497.5 Mn in 2023 and is expected to exhibit a CAGR of 41.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Delivery drones, also known as unmanned aerial vehicles (UAVs) or drones, are capable of autonomous flight and delivering packages to customers. They can navigate autonomously from the dispatch location to the destination using technologies such as GPS, geo-fencing and computer vision.
Market key trends:
One of the major trends fueling the growth of delivery drones market is the rising adoption of autonomous delivery services. Many companies are focusing on developing autonomous drones that can successfully operate beyond visual line of sight (BVLOS) and deliver packages to customers without human intervention. For instance, companies such as Amazon, UPS and FedEx are actively working towards expanding their autonomous drone delivery fleets to deliver packages within 30 minutes across cities and remote locations. This is expected to significantly boost the adoption of delivery drones during the forecast period.
Segment Analysis
Content: The global delivery drones market is segmented by application into food delivery, consumer goods delivery, postal delivery, medical aids delivery, and others. Among these, the food delivery segment dominated the market in 2023 and is expected to continue its dominance over the forecast period owing to the growing demand for quick and on-demand food delivery services globally. The use of drones for food delivery helps reduce delivery time significantly, thereby enhancing customer experience.
Key Takeaways
Content: The global delivery drones market is expected to witness high growth, exhibiting a CAGR of 41.% over the forecast period, due to increasing demand for fast and cost-effective doorstep delivery solutions.
Regional analysis: North America dominated the global delivery drones market in 2023 and is expected to continue its dominance over the forecast period. The presence of major drone operators and technological advancements in the region are supporting the growth of delivery drones. Asia Pacific is expected to witness the fastest growth over the forecast period owing to growing e-commerce industries and increasing investments by major drone operators in developing economies of the region.
Key players: Key players operating in the delivery drones market are Airbus SE, Deutsche Post DHL Group, Drones America, EHang, JD.com, Matternet Inc., SKYCART INC., SZ DJI Technology Co. Ltd., The Boeing Company, and Wing Aviation LLC. Airbus SE dominated the market in 2023 owing to its strong product portfolio and global presence. However, SZ DJI Technology Co. Ltd. is expected to witness significant growth over the forecast period due to increasing investments in R&D of commercial delivery drones.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it