Drone Delivery Market Research Report – Revenue Forecast 2023-2030
The global drone delivery market is presently one of the most competitive markets among all unmanned air vehicles market, with the leading players actively competing against each other to gain a greater share in the industry. The competitive landscape of the delivery drone market exhibits an inclination toward emerging strategies and developments by market players.
The key players that are actively participating in the drone delivery market are 7-Eleven, Airbus S.A.S., Alibaba, Amazon Prime Air, Boeing, Cheetah Logistics Technology, DHL International GmbH, Drone Delivery Canada Corp., Flirtey, FlyTrex, Wing Aviation LLC (Alphabet), Manna Aero, Matternet Inc., Rakuten Drone, Skycart Inc., Uber Technologies Inc., United Parcel Service, Zipline, and Zomato, among others.
The prominent players in the drone delivery market have adopted key strategies of service launches, contracts, mergers, and acquisitions to expand their business. The companies are also involved in some of the other developments that include demonstration, integration, and business expansion. These companies are working toward improving their service portfolio and extend their regional presence. With the ongoing efforts of industry players to develop high-end solutions for different industries, the global drone delivery market is anticipated to grow at an exponential rate in the next seven years (2023-2030).
The key players in the drone delivery receptacle market include Airbus S.A.S., Amazon Prime Air, AirBox Technologies, BLK TATU, DRONEDEK, IDU Group, Matternet Inc., Parcer international BV, Valqari, and Wing. These players have various strategies to expand their market presence, but the drone receptacle market depends on the drone delivery market to get the required traction.
The introduction of drones in the package delivery has rapidly transformed the process of deliveries, further leading to a change in consumer behavior. Drones or autonomous unmanned aerial vehicles (UAVs) are a popular option for last-mile deliveries, essentially parcels for remote or rural areas with less population density. Since it is expected that instant or same-day delivery will grow in the next ten years, door-to-door delivery has been a major area of research by several firms such as Google, DHL, UPS, and Amazon. Some of these companies have been testing drone delivery since 2005 and are expected to launch their services by 2023.
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The drones that can autonomously provide delivery in a range of 15.5 miles or more with package sizes up to 22 lbs. within 30 minutes are known as delivery drones. These types of drones provide blood samples and other medical aids in remote areas to serve patients or the needy on time. The type of drone and package delivered vary and depend on the industry type, application, and urgency of the parcel.
The global drone delivery market is expected to witness a high growth rate during the forecast period 2023-2030, owing to the growing demand for instant or same-day delivery globally. Moreover, the need for contactless deliveries for the safety of consumers as well as service providers, especially during medical emergencies such as COVID-19 or any communal disease spread, is also a major driving factor of the drone delivery market. However, the lack of consumer acceptance toward autonomous UAVs and congested urban airspace act as major challenges for the market.