The global drone package delivery market is anticipated to grow at a significant CAGR of 14.9% during the forecast period. One of the core factors that is fueling the market growth is technological advancement and utilization of advanced technologies such as artificial intelligence (AI), and the Internet of Things (IoT), among others. Drone technology has been advancing continuously, making drones ideal tools for gathering certain ground data that can couple well with more traditional mapping techniques. Satellites also act this function globally via revolving around the globe from space, which is in direct contrast to a drone’s scope and size. Such development has enhanced the usability of a drone. However, the use of sense and avoid systems in package delivery drones is getting more attention owing to the enhanced safety and visual line of sight features it provides. Sense and avoid systems are a combination of radar, LiDAR, cameras, and other systems that support detecting and avoiding obstacles successfully.
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Moreover, the addition of AI and the IoT has advanced the drone navigation process and carried out drone package delivery operations autonomously and safely while delivering a package. It also informs its locations, continuously to the operators which also supports, thereby contributing to their enlarged adoption in the drone delivery ecosystem across the globe. For instance, in April 2022, TechEagle, a deeptech firm constructing drone logistic services, launched ‘Vertiplane X3’, a fast hybrid vertical take-off and landing (e-VTOL) drone ever made in India. The product will be deployed for several use cases through industries such as offering better healthcare access to remote areas, apart from e-commerce and hyperlocal requirements.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Drone Package Delivery Market Report Segment
By Type
- Rotary-wing
- Fixed-wing
By Capacity
- Less than 10kg
- Greater than 10kg
By End-User
- Food
- Healthcare
- Retail and Logistics
Global Drone Package Delivery Market Report Segment by Region
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global drone package delivery market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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