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Redding, California - August 8, 2024

Delivery Drones Market to be Worth $3.9 Billion by 2031

Delivery Drones Market by Type (Fixed-wing Drones, Rotor-wing Drones), Payload (> 10 KG, 10-100 KG, < 100 KG), Range (Visual Line of Sight, Extended Visual Line of Sight), End User (Healthcare, Logistics) and Geography - Global Forecast to 2031

Meticulous Research^®—a leading global market research company, published a research report titled,'Delivery Drones Market by Type (Fixed-wing Drones, Rotor-wing Drones), Payload (> 10 KG, 10-100 KG, < 100 KG), Range (Visual Line of Sight, Extended Visual Line of Sight), End User (Healthcare, Logistics) and Geography—Global Forecast to 2031.’

According to this latest publication from Meticulous Research^®, the delivery drones Market is estimated to reach $3.9 billion by 2031, at a CAGR of 48.7% from 2024–2031. The delivery drones market continues to grow due to rising demand for faster deliveries, increased integration of AI and ML in delivery drones, and the growing need to minimize carbon emissions. However, the limited battery life of aerial delivery drones and the expensive infrastructure costs could stifle this market's expansion. Increased private investment in the drone industry is likely to provide major growth opportunities for players in the delivery drones market. However, stringent regulations for UAVs and delivery drones, as well as their sensitivity to hacking and data breaches, might hamper industry expansion. Furthermore, the growing use of collaborative drones and swarm technology are major trends in this market.

The delivery drones market is categorized into type (fixed-wing drones, rotor-wing drones {single-rotor drones and multi-rotor drones}, and hybrid-wings VTOL drones), payload (> 10 Kg, 10-100 Kg, and < 100 Kg), range (visual line of sight (VLOS), extended visual line of sight (EVLOS), and beyond line of sight (BLOS)), and end user (retail and E-commerce, healthcare, logistics, food & beverages, agriculture, oil & gas, and other end users). This study also evaluates industry competitors and analyzes the market at the regional and country levels.

On the basis of type, this market is categorized into fixed-wing drones, rotor-wing drones, and hybrid-wings VTOL drones. In 2024, the rotor-wing drones category is expected to account for the largest share of over 61.0% of the delivery drones market. This category’s growth is linked to the increasing usage of rotor-wing drones due to their capacity to drift in a fixed position with vertical take-off and landing, as well as the rising adoption of rotor drones for longer flight periods, greater endurance, and heavier payload capability.

However, the hybrid-wing VTOL drone category is estimated to register the highest CAGR during the forecast period. This category’s growth is attributed to the growing demand for hybrid-wing VTOL drones, which can vertically take off and land to eliminate the need for a dedicated platform or runway, and the increasing adoption of these drones for their endurance and ability to travel greater distances in less time.

On the basis of payload, this market is categorized into > 10 Kg, 10-100 Kg, and < 100 Kg. In 2024, the 10-100 Kg category is expected to account for the largest share of over 40.0% of the delivery drones market . The growth of this category is attributed to the growing need for faster delivery services of packages in industries such as retail & e-commerce, the increasing demand for 10-100 Kg payload drones in the logistics industry to deliver shipment of packages of commercial goods and increasing need of higher payload drones in healthcare industries to deliver emergency services in remote or inaccessible areas. Furthermore, this category is poised to register the highest CAGR during the forecast period.

On the basis of range, this market is categorized into the visual line of sight (VLOS), extended visual line of sight (EVLOS), and beyond the line of sight (BLOS). In 2024, the visual line of sight (VLOS) category is expected to account for the largest share of over 65.0% of the delivery drones market. The growth of this category is attributed to the increasing demand for VLOS drones to maintain a direct visual connection with the drones to monitor the drone's flight path and surroundings and the growing need for faster deliveries of essential items, groceries, and food in nearby locations.

However, the extended visual line of sight (EVLOS) category is expected to register the highest CAGR during the forecast period. The rising usage of drones for EVLOS to make time-sensitive deliveries over great distances in the shortest amount of time, as well as the category's growth for spontaneous operation and close gaps between facilities and rural areas, are driving this category. In addition, emergency medications, vaccinations, and basic supplies can be delivered more effectively by EVLOS drones than by VLOS drones.

On the basis of end user, this market is categorized into retail and e-commerce, healthcare, logistics, food & beverages, agriculture, oil & gas, and other end users. In 2024, the retail and e-commerce category is expected to account for the largest share of over 31.0% of the delivery drones market. The growing demand for door-to-door delivery in less time, the growing need for drones in retail to reduce manpower, cost-effectiveness, and contactless deliveries, and the increasing adoption of delivery drones in online retailing to maximize their revenues and conversion rates are all contributing factors to the growth of this category.

However, the logistics category is expected to register the highest CAGR during the forecast period. The increasing necessity for drones for last-mile delivery and the growing need for speedy delivery of commercial goods packages are driving this category's growth. Furthermore, delivery drones eliminate the need for road transit, traffic jams, and delivery delays in the logistics field.

On the basis of geography, this market is categorized into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, APAC is estimated to account for the largest share of over 45.0% of the delivery drones market. The increasing demand for online shopping in various developing countries such as China, India, and Japan, the rapid growth in parcel fraud, missing items, or fake courier scams in traditional deliveries, and the region's increasing investment in delivery drones for various industries such as retail and e-commerce, healthcare, and logistics, all contribute to the market's growth.

Additionally, a number of regional governments are spending more on delivery drones due to the expanding use of these aircraft for logistics in the military and defense industries. For instance, the Indian government invested USD 38.5 million (INR 320 crore) in January 2024 for 563 logistics drones. The unmanned systems can carry loads up to 12,000 feet (3,657 meters) in altitude. Additionally, these drones transport supplies to troops stationed around borders in the final mile. Moreover, North America is anticipated to register the highest CAGR of 50.0% during the forecast period.

Key Players

The key players operating in the delivery drones market include Amazon.com Inc. (U.S.), The Boeing Company (U.S.), Airbus SE (Netherlands), Drone Delivery Canada Corp. (Canada), Wing Aviation (U.S.), Zipline International Inc. (U.S.), A Wingcopter GmbH (Germany), Flytrex Inc. (Israel), Deutsche Post AG (Germany), United Parcel Service, Inc. (U.S.), S.F. Express Co., Ltd. (China), Rakuten Group, Inc. (Japan), SZ DJI Technology Co., Ltd. (China), Matternet, Inc. (U.S.), and DroneUp, LLC (U.S.).

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5193

Key Questions Answered in the Report:

What are the high-growth market categories in terms of type, payload, range, and end user?
What is the historical market size for the delivery drones market?
What are the market forecasts and estimates for 2024–2031?
What are the major drivers, restraints, opportunities, challenges, and trends in the delivery drones market?
Who are the major players in the delivery drones market, and what are their market shares?
What is the competitive landscape like?
What are the recent developments in the delivery drones market?
What are the different strategies adopted by major market players?
What are the trends and high-growth countries?
Who are the local emerging players in the delivery drones market, and how do they compete with other players?

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Redding, California - August 8, 2024

Delivery Drones Market to be Worth $3.9 Billion by 2031

Delivery Drones Market by Type (Fixed-wing Drones, Rotor-wing Drones), Payload (> 10 KG, 10-100 KG, < 100 KG), Range (Visual Line of Sight, Extended Visual Line of Sight), End User (Healthcare, Logistics) and Geography - Global Forecast to 2031

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