The drone package delivery market is projected to grow from USD 312.34 million in 2022 to USD 8,326 million by 2032, at a CAGR of 49.34% from 2022 to 2032.
Technological advancements like VTOL, geospatial mapping, IoT, and machine learning result in higher accuracy in package delivery are some of the factors fueling the growth of the market. AI is the next focus of the drone industry. This new technology is expected to enable drones to perform all tasks, right from their launch and navigation to data acquisition, data transmission, and data analysis. In addition,advancements in technology of drone will help in carrying out drone package delivery operations autonomously and safely, thereby contributing to their increased adoption in the drone delivery ecosystem.
Unmanned Package Delivery market competition by TOP Players are: UPS, Amazon, Swiss Post, SF Express, DHL Express, JD, Google
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Opportunity: Increase in ecommerce sales and demand for contactless delivery post-pandemic
In COVID pandemic aerial delivery drones were widely used by law enforcement agencies, quick service restaurants, logistics companies, healthcare service providers, and various ecommerce companies. Whether delivering critical medical supplies or a fresh meal from a local restaurant, the aerial logistics capability of drone delivery is becoming increasingly significant by organizations post-pandemic, with countries removing lockdown restrictions
Challenge: Data security breaches and drug trafficking using aerial delivery drones
Operational security is a major concern with the use of aerial delivery drones in civil and commercial applications. The growing use of aerial delivery drones in commercial applications has also resulted in an increased number of drone hacking incidents. Lack of proper security in these drones makes them vulnerable to hacking. Manufacturers of these drones and providers of services associated with them are offering drone analytics software-as-a-service to their clients.Apart from hacking, countries such as the US, Colombia, and Mexico have also witnessed the use of drones for drug smuggling. For example, In October 2021, the US Drug Enforcement Administration (DEA) seized a 249 g DJI Mini 2 drone with a bundle containing a package filled with 0.57 pounds (259 g) of methamphetamine, allegedly used for drug shipments in the US. Thus, issues with the safety, security and illegal use of these delivery drones may lead to a ban on their use in civil and commercial applications by government agencies, thereby reducing drone package deliveries across the globe.
Based on solution, the service segment is projected to grow at the highest CAGR during the forecast period.
Based on solution, the drone package delivery market has been classified into platform, software, infrastructure, and service. The growing use of delivery drones leads to the requirement for proper software and infrastructure that support them. Combined with good logistics software, drones can drastically improve the efficiency. Drone package delivery service providers cater to various applications of product delivery such as drone food delivery, retail goods delivery, postal delivery, medical aids delivery, and others. These service providers function in various logistics processes such as second-party logistics (2PL), third-party logistics (3PL), and fourth-party logistics (4PL).
Based on package size, the
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This release was published on openPR.
