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Delivery Drone Services Market Growth Hit Out at Noisy CAGR of 44.7% till 2030

Delivery Drone Services Market Growth Hit Out at Noisy CAGR of 44.7% till 2030

According to a report by Altus Market Research titled, “Delivery Drone Services Global Market 2022 Opportunities And Strategies To 2030: Growth And Change Including: By Package Size: (Less than 2 kg; 2 kg to 5 kg; More than 5 kg); By Range: (Less than or equal to 25 kms; More than 25 kms); By Application”, the global delivery drone services market size reached a value of nearly $ 1,137.19 million in 2020. The market is expected to grow from $1,137.19 million in 2020 to $8,230.40 million in 2025 at a rate of 48.6 %. The market is then expected to grow at a CAGR of 44.7% from 2025 and reach $52,198.72 million in 2030.

Growth in the historic period resulted from easing the regulations to support the operation of drones, increase in number of drones usage, demand for same day delivery and emergency supplies and private investments in drone industry. Factors that could hinder the growth of the delivery drone services market in the historic period include high number of drone accidents, illegal practices using delivery drones, limited battery life of delivery drones and high cost of infrastructure. Going forward, increase in demand for contactless deliveries, need to reduce carbon emissions and distribution of drugs. Factors that could hinder the growth of the delivery drone services market in the future include covid-19, weather impact and lack of risk management framework and insurance cover for delivery drones.

The delivery drone services market is also segmented by application into E-Commerce, Medical Aids, Food Delivery, and Others. The food delivery was the largest segment of the delivery drone services market by application, accounting for $522.0 million or 45.8% of the total market in 2020. The E-Commerce market is expected to be the fastest-growing segment going forward at a CAGR of 49.6%.

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Competitor strategies for the delivery drone services includes expand its footprint and enhance customer experience, growth strategy focused on expanding its geographic presence, expanding its product portfolio by launching new products into the market and is also forming partnership with big companies for the same, and strengthening its business by investing more into its business.

The delivery drone services market is segmented by package size into less than 2 kg, 2 kg to 5 kg, and more than 5 kg. The less than 2kg was the largest segment of the delivery drone services market by package size, accounting for $554.5 million or 47.1% of the total market in 2020. The 2kg to 5kg market is expected to be the fastest-growing segment going forward at a CAGR of 52.0%.

The delivery drone services market is also segmented by range into less than or equal to 25 kms, and more than 25 kms. The less than or equal to 25 kms was the largest segment of the delivery drone services market by range, accounting for $ $1032.6 million in 2020.

North America was the largest region in the global delivery drone services market, accounting for 76.2% of the total in 2020. It was followed by Western Europe and then the other regions. Going forward, the fastest-growing regions in the delivery drone services market will be Western Europe and North America, where growth will be at CAGRs of 45.5% and 17.4% respectively during 2020-2025.

The global delivery drone services market is concentrated, with a small number of players dominating the market. The top ten competitors in the market made up to 47.51% of the total market in 2020. Major players in the market include Deutsche Post DHL Group, Zipline, United Parcel Service Inc., Matternet Inc., Wing Aviation LLC, Uber Technologies Inc, FedEx Corporation, Flirtey, Flytrex, and JD.com Inc.

The top opportunities in the delivery drone services market segmented by package size will arise in the 2 kgs to 5 kgs segment, which will gain $3,384.6 million of global annual sales by 2025. The top opportunities in the delivery drone services market segmented by range will arise in the less than or equal to 25 km segment, which will gain $7,400.8 million of global annual sales by 2025. The top opportunities in the delivery drone services market segmented by application will arise in food delivery segment, which will gain $3,244.0 million of global annual sales by 2025. The delivery drone services market size will gain the most in China at $1,611.5 million.

Market-trend-based strategies for the delivery drone services includes launching their services in different countries as governments are supporting the drone delivery services initiatives, introducing services to the healthcare industry for the delivery of vaccines and other medical products to remote areas, exploring opportunities in multi-site delivery operations. Targeting online food delivery services platforms as the governments are granting permission for the usage of drones in food delivery services, investing in private companies to increase their reach by increasing the usage of drones in delivery services. Delivery drone companies should consider introducing IoT services for improved tracking and real time monitoring of the drones.

Growth Strategies by Altus Market Research for Companies in the Market:

To take advantage of the opportunities, Altus Market Research recommends the delivery drone services companies to focus on multi-site drone delivery operations, focus on brining advancements in drones delivery services, focus on incorporation of IOT in ecosystem of delivery drones, expand in emerging markets, expand in developed markets, scale up through merger and acquisition activity, market-based pricing, provide competitively priced offerings in low-income countries, increase visibility through SEO campaigns, leverage social media to maximize reach, preferred partnerships with e-commerce companies, focus on offering services based on consumer preferences and focus on younger populations.

Competitive Landscape –

Major Players covered in the report include, Uber Technologies Inc, FedEx Corporation, Flirtey, Flytrex, JD.com, Inc., Kotak Delivery Drone Services, IIFL Delivery Drone Services, Axis Bank Delivery Drone Services, Edelweiss Wealth Alibaba, SF Express, Meituan Unveils, Udaan, TAS, Dunzo, Zomato, Swiggy, Rakuten, Seiyu, Alibaba, Royal Mail, DHL International GmbH, DPD France, Azure Drones,SAS, Parrot Drones, Terra Drone, Onyx Scan Advanced LiDAR systems, AltiGator Unmanned Solutions Amazon.com, Inc, United Parcel Service of America, Inc, Boeing, Drone Delivery Canada Corp, Aeryon Labs, Sky Guys, Amazon Prime Air, UPS Flight Forward, DHL parcelcopter, Matternet, Speedbird Aero, Velbrax, XMobots, SkyDrones, Santos Lab, Gyrofly Innovations, XFly Brasil, Novarum Sky Technology Ltd., Global Drone Tech, iFood, Latin American drone delivery company, Skyports, Sky go, Zain group, Eniverse Technologies, Quix, Orbital Africa, Microdrone Africa, Astral Aerial, Ken drone, Geoid technologies ltd, UAV industries, Milkor pty ltd, Denel Dynamics, csir

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