Drone Package Delivery Market to Receive a Fillip of US$ 2,983.9 Million by 2033, Opines Fact.MR

Drone Package Delivery Market

Fact.MR, a provider of market research and competitive information, projects that the global drone package delivery market will be worth US$ 347.2 million in 2023 and will expand at a CAGR of 24.0% from 2023 to 2033.

Due to the growing need for speedy delivery services and the fact that drones are more economical than autos, the business is growing. In order to deliver goods to customers instantly, quickly, accurately, and safely, the drone is mostly employed in last-mile delivery services. It prevents the potential of traffic congestion, vehicle accidents, and other issues. It’s also an excellent method to cut back on the hefty expenses related to operating diesel and electric cars for delivery services.

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Market Titans

  • Aergility
  • Aerialoop
  • Aerit
  • Antwork
  • Aviant
  • Dove Air
  • Droneup
  • F-Drones
  • Flying Basket
  • Flytrex
  • Jedsy
  • Manna
  • Matternet
  • Mission Go
  • Rakuten Drone
  • SkyDrop
  • Speed Bird
  • Spright
  • Volansi
  • Zipline

Key Statistics Supporting the Surge

  • e Drone Package Delivery market is expected to grow with a CAGR of 24.0% during the forecast period 2023-2033.
  • global drone package delivery market is expected to reach a valuation of US$ 347.2 million in 2023 & to top a market size of US$ 2,983.9 million by 2033
  • Logistics and retail sectors together are observed with more than 50.0% of the share in demand for drone package delivery.
  • During the forecast period (2023-2033), the market is projected to rise with a CAGR of 24.0%
  • Drone with a capacity of up to 5 lbs holds the largest share with 53.0%% in the market.
  • Among Regions, North America is expected to have a leading share in the market with 43.0% of the total market.
  • Based on region, demand for drone package delivery is expected to increase at a CAGR of 24.5%, and 25.0% respectively, in Europe and East Asia.

Market Development

The market is comprised of various new and established market players. These market players are adopting an aggressive approach like acquisition and service launch to expand their footprint and consumer base.

  • In July 2022, Amazon leading e-commerce Company announced the utility of drone packaging delivery services for package delivery in college station, Texas.
  • In September 2022, Jumia, a leading e-commerce Company in pan-Africa partnered with Zipline to offer on-demand drone delivery services in Ghana. With such an initiative the company is also planning to expand this service in Nigeria and Côte d’Ivoire in the forthcoming period.

Segment Insights

  • By Capacity :
    • Upto 5 lbs
    • 6-10 lbs
    • Above 10 lbs
  • By Customer Type :
    • Retail
    • Commercial
  • By End-use Industry :
    • Healthcare
    • Retail
    • Food
    • Logistics
  • By Region :
    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

The drone package delivery market report will improve the revenue impact of businesses in various industries by:

  • Providing a framework tailored toward understanding the attractiveness quotient of various products/solutions/technologies in the drone package delivery market
  • Guiding stakeholders to identify key problem areas pertaining to their consolidation strategies in the global drone package delivery market and offers solutions
  • Assessing the impact of changing regulatory dynamics in the regions in which companies are keen on expanding their footprints
  • Provides understanding of disruptive technology trends to help businesses make their transitions smoothly
  • Helping leading companies make strategy recalibrations ahead of their competitors and peers
  • Offers insights into promising synergies for top players aiming to retain their leadership position in the drone package delivery market.

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