In 2023, the global last-mile drone delivery market is anticipated to achieve a valuation of US$ 309.74 million. Over the forecast period from 2023 to 2033, this market is poised to display a robust Compound Annual Growth Rate (CAGR) of 25.4%, ultimately reaching a substantial valuation of US$ 2,978.3 million by the conclusion of 2033.
The driving forces behind the last-mile drone delivery market include heightened consumer demand for swift deliveries and the cost and time efficiency that drones offer to end-user industries. Last-mile deliveries, being the most costly phase of the supply chain, traditionally involve excessive expenses related to fuel, vehicle maintenance, and repairs. Moreover, they are often impeded by challenges such as traffic congestion, adverse road conditions, and other environmental factors, leading to delays. To address these issues effectively, last-mile drone delivery services have emerged as a solution, providing efficient and timely package deliveries with cost-effectiveness.
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Key Takeaways from Market Study
- During 2023-2033, the market will expand with CAGR of 25.4%
- Among regions, East Asia exhibits fastest growth with CAGR of 26.4%
- Drone with up to 5 lbs capacity holds about 57.0% of share in capacity type segment.
- The global last mile drone delivery services market growth was about 14.7% during 2018-2022.
“Developing e-commerce industry worldwide to create lucrative opportunity for the market growth,” says a Fact.MR analyst.
Competitive Landscape
The business environment for last mile drone delivery services is highly competitive. With continuous moves like acquisition and service launch by market players, the last mile drone delivery services market is expected to be highly fragmented and projected to rise at a significant pace in the forthcoming period. For instance,
- In September 2022, Valqari acquired the IDU group to establish drone infrastructure for last-mile deliveries. The acquisition is aimed to enhance customer experience and companies’ footprint worldwide.
- In June 2022, Amazon introduced Amazon Prime Air drone delivery services in California, United States. Packages upto 5 pounds or less are preferred to deliver with these drones.
Key Companies Profiled
- Aergility
- Aerialoop
- Aerit
- Antwork
- Aviant
- Dove Air
- Droneup
- F-Drones
- Flying Basket
- Flytrex
- Jedsy
- Manna
- Matternet
- Mission Go
- Rakuten Drone
- SkyDrop
- Speed Bird
- Spright
- Volansi
- Zipline
Potential Future Trends in the Last Mile Drone Delivery Market:
Looking ahead, the last mile drone delivery market is poised to witness several trends:
- Widespread Regulatory Frameworks: The establishment of comprehensive and standardized regulatory frameworks for drone operations is expected to pave the way for broader adoption. Clear guidelines will address safety concerns and facilitate the integration of drones into national airspace.
- Increased Payload Capacities: Advancements in drone technology will likely lead to increases in payload capacities, allowing drones to transport larger and heavier packages. This development will enable the delivery of a wider range of products, expanding the application of drone delivery services.
- Autonomous and AI-Driven Operations: The evolution of autonomous technologies and artificial intelligence will drive the development of drones capable of autonomous flight, navigation, and decision-making. AI-driven systems will enhance route optimization, obstacle avoidance, and overall operational efficiency.
- Hybrid Delivery Models: The emergence of hybrid delivery models combining traditional vehicles and drones is anticipated. Companies may deploy a combination of ground vehicles for bulk deliveries and drones for the final leg of the journey, optimizing both efficiency and cost-effectiveness.
- Enhanced Safety Features: Continuous improvements in safety features, including advanced collision avoidance systems, geofencing, and real-time monitoring, will be integral to ensuring the safety of drone operations in urban and suburban environments.
Segmentation of the Last Mile Drone Delivery Market
- By Capacity:
- Upto 5 lbs
- 6-10 lbs
- Above 10 lbs
- By Customer Type:
- Retail
- Commercial
- By End-use Industry:
- Healthcare
- Retail
- Food
- Logistics
- By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
More Valuable Insights
Fact.MR, in its new offering, presents an unbiased analysis of the global last mile drone delivery market, presenting historical market data (2018-2022) and forecast statistics for the period of 2023-2033.
The study reveals essential insights on the basis of capacity (upto 5 lbs, 6-10 lbs and above 10 lbs), customer type (retail and commercial), end-use industry (healthcare, retail, food and logistics) across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).
Key Questions Covered in the Last Mile Drone Delivery Market Report
- What will be the estimated size of the Market in 2023?
- At what rate will the global Last Mile Drone Delivery sales grow until 2033?
- Which are the factors hampering the Last Mile Drone Delivery demand?
- Which region will spearhead the growth in the global industry by 2033?
- Which are the factors driving sales in the Last Mile Drone Delivery Market during the forecast period?
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