Delivery Drone Services Market Growth Trajectory Through 2024-2033

The Delivery Drone Services by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Delivery Drone Services, The delivery drone services market size has grown exponentially in recent years. It will grow from $5.32 billion in 2023 to $8.12 billion in 2024 at a compound annual growth rate (CAGR) of 52.8%. The growth in the historic period can be attributed to easing the regulations to support the operation of drones, increase in number of drones usage, demand for same day delivery and emergency supplies and private investments in drone industry.

The delivery drone services market size is expected to see exponential growth in the next few years. It will grow to $25.88 billion in 2028 at a compound annual growth rate (CAGR) of 33.6%. The growth in the forecast period can be attributed to easing the regulations to support the operation of drones, increase in number of drones usage, demand for same day delivery and emergency supplies and private investments in drone industry. Major trends in the forecast period include launching their services in different countries as governments are supporting the drone delivery services initiatives, introducing services to the healthcare industry for the delivery of vaccines and other medical products to remote areas, exploring opportunities in multi-site delivery operations. targeting online food delivery services platforms as the governments are granting permission for the usage of drones in food delivery services, investing in private companies to increase their reach by increasing the usage of drones in delivery services. delivery drone companies should consider introducing iot services for improved tracking and real time monitoring of the drones..

The increasing demand for drone deliveries during COVID-19 is expected to propel the growth of the delivery drone services market in the coming years. During COVID-19, contactless distribution is expanding, and drones play a crucial role in ensuring that companies and clients contact as little as needed. Drones are heading to the sky in massive numbers during the pandemic to bring vital goods and drugs to the population under lockdown. For instance, in March 2021, Gavi, an international organization that aimed at increasing vaccine equality around the world revealed that Zipline, a US-based company that designs, manufactures, and operates delivery drones has teamed with the Government of Ghana to assist in delivery of the much-anticipated COVAX vaccinations. Zipline has been an important part of Ghana’s health system, particularly when it came to providing much-needed support for COVID-19 testing in remote areas during the pandemic’s peak.

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The delivery drone services market covered in this report is segmented –

1) By Package Size: Less than 2 kg, 2 kg to 5 kg, More than 5 kg
2) By Range: Less than or equal to 25 kms, More than 25 kms
3) By Application: E-Commerce, Medical Aids, Food Delivery, Others

The incorporation of IoT in drones used for delivery to reduce the need for manual control is an emerging trend in the drone delivery services market. The Internet of Things (IoT) is becoming a reality, allowing physical things to communicate with one another and share input. This technology is rapidly spreading to everyday devices and is evolving in the drone business. Drones are a new type of IoT gadget that flies through the skies and has complete network communication capabilities. Intelligent drones with sufficient computational abilities must be able to automatically recognize and track things to relieve users of the time-consuming task of manually controlling them. For instance, in June 2021, KORE, a global leader in the Internet of Things (IoT) solutions and global Connectivity-as-a-Service (CaaS) demonstrated the revolutionary IoT connectivity that enables Australian drone-powered logistics business Swoop Aero to distribute COVID-19 vaccines into remote corners of the world.

The delivery drone services market report table of contents includes:

1. Executive Summary
2. Delivery Drone Services Market Characteristics
3. Delivery Drone Services Market Trends And Strategies
4.Delivery Drone Services Market analysis
5.Delivery Drone Services Market Size And Growth
6. Delivery Drone Services Segmentation
7. Delivery Drone Services Regional And Country Analysis
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27.Delivery Drone Services Competitive Landscape And Company Profiles
28.Delivery Drone Services Key Mergers And Acquisitions
29.Delivery Drone Services Future Outlook and Potential Analysis

TOP MAJOR PLAYERS:

• Deutsche Post DHL Group
• Zipline
• United Parcel Service Inc.
• Matternet
• Inc.
• Wing Aviation LLC

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