Drone Package Delivery Market by Duration (<30 Minutes, >30 Minutes), Solution (Platform, Software, Infrastructure, Service), Package Size (<2KG, 2–5 KG, >5 KG), Range (Short <25 Kilometers, Long >25 Kilometers), Region: Global Opportunity Analysis and Industry Forecast, 2023-2030

Drone Package Delivery Market Forecast: 2030

The drone package delivery market is expected to garner USD 27.4 billion by 2030 from USD 2.1 billion in 2023 and is projected to reach at a CAGR of 44.7% from 2023 to 2030. The increasing demand for faster delivery and amendments in the regulatory framework to encourage drone package delivery are major factors expected to drive the market growth in the coming years.

The global drone package delivery market is segmented on the basis of solution, range, duration, package size, and region. Based on solution, the market has been segmented into platform, infrastructure, software, and service. Based on duration, the market is divided into short duration (<30 minutes) and long duration (>30 minutes). Based on range, the market has been divided into short range (<25 kilometers) and long range (>25 Kilometers). On the basis of package size, the market has been divided into <2 Kilograms, 2-5 Kilograms, and >5 Kilograms. Based on region, the market is divided into North America, Asia Pacific, Europe, Middle East, and Rest of the World.

Long range (>25 kilometers) segment anticipated to grow at higher CAGR during forecast period

Long-range aerial delivery drones can travel over 25 kilometers in a single charge and this makes it hugely opted drone to deliver long-distance parcels and packages. With the rising demand for carbon emission reduction across the globe, the demand for long-range delivery drones is projected to grow during the forecast period.

<2 kilograms’ segment expected to lead the industry

Delivery drones with a load-carrying capacity of up to 2 kilograms are mainly used for the delivery of food packages and medicinal packages during medical emergencies, and relief goods in extreme environmental conditions or during natural calamities. The rise in demand for instant delivery of medical packages is anticipated to fuel the demand for drones capable of delivering packages weighing <2 kilograms during the forecast period.

Asia Pacific to dominate the market

Retail and E-commerce are the most dominant applications for the drone package delivery market in the Asia Pacific region. China and Japan, the major markets in the region, are the leaders in the manufacturing of advanced delivery drones for commercial usage. Recently, in June 2019, Zomato (India), a leading food delivery platform, tested food delivery using drones in India. In October 2019, the Directorate General of Civil Aviation (DGCA) has accepted the applications of Swiggy (India), Zomato (India), Dunzo (India), Redwing Aerospace Labs (India), Honeywell (US), Zipline (US), and Throttle Aerospace Systems (India) for presenting their drone package delivery programs in India. These companies are expected to receive permissions for providing drone package delivery services in India by 2020.

Leading Market Players

The key players in the drone package delivery market are FedEx (US), Amazon.com, Inc. (US), Boeing (US), United Parcel Service of America, Inc. (US), DHL International GmbH (Germany), Flirtey (US), Matternet, Inc. (US), Zipline (US), Drone Delivery Canada Corp. (Canada), Flytrex (Israel), Workhorse Group Inc. (US), Wing Aviation LLC (US), and Airbus S.A.S. (Netherlands).

Key Benefits of Drone Package Delivery market

• This study presents the analytical depiction of the global drone package delivery market analysis along with the current trends and future estimations to depict the imminent investment pockets.
• The overall market opportunity is determined by understanding the profitable trends to gain a stronger foothold.
• The report presents information related to the key drivers, restraints, and opportunities of the global drone package delivery market with a detailed impact analysis.
• The current market is quantitatively analyzed from 2023 to 2030 to benchmark the financial competency.

Key Segments

By solution,

• Platform
• Software
• Infrastructure
• Service

By duration,

• Short Duration (<30 Minutes)
• Long Duration (>30 Minutes)

By range,

• Short Range (<25 Kilometers)
• Long Range (>25 Kilometers)

By package size,

• <2 Kilograms
• 2-5 Kilograms
• >5 Kilograms

By region,

• North America
• Europe
• Asia Pacific
• Middle East
• Rest of the World (RoW)