Drone delivery services market is expected to grow at a CAGR of 33.0%, with a value of US$5,596 million

The North American drone delivery services market is expected to grow rapidly and considerably over the forecast period. According to Future Market Insights, by 2022, the region would represent 45% of the world market. The region’s growth can be attributed to the upward trend of online shopping through e-commerce platforms, as well as favorable FAA restrictions in the United States. Throughout the forecast period, Asia-Pacific is expected to gain the most.

NEWARK, DE / ACCESSWIRE / September 21, 2022 / global drone delivery services market is expected to reach a valuation of US$5,596.0 Mn in 2032, with the market expanding at a staggering CAGR of 33% over the forecast period of 2022 to 2032. Estimated to be worth US$322.2 By 2022, the drone delivery services market is driven by favorable government regulations and rising demand from various industries.

Future Market Insights, Inc., Wednesday, September 21, 2022, press release image
data points key stats
Expected Market Value (2022) $322.2 million
Advance Forecast Value (2032) US$5,596.0 Million
Projected growth rate (2022-2032) 33% CAGR

Due to the high demand for drone delivery services around the world, many countries are relaxing their regulations to allow these drones to operate in their airspace. This allows drone services to search for new delivery routes and trips to distant locations which, in turn, will help expand the target market. In addition to this, increasing spending on developing and integrating beyond visual range of sight (BVLOS) capabilities into drones would allow companies to cover greater distances. This bodes well for the market for drone delivery services.

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With the advances in drone technology, the market for drone delivery services is also expected to grow. Integrating advanced technological tools into drones would allow them to obtain accurate ground data that can then be linked to more traditional mapping methods. In addition, the incorporation of detection and avoidance systems in aerial delivery drones is gaining traction due to the increased safety and other benefits they provide out of line of sight. Cameras, radar, LiDAR, and other tools that help detect and avoid obstacles are classified as detection and avoidance systems. Technological advances in these tools facilitate the independent and safe execution of drone delivery services which, in turn, further contribute to the expansion of the drone delivery services market during the forecast period.

“Increasing use of drones, advances in drone technology, and relaxation of government policies are likely to drive the growth of the drone delivery services market during the forecast period,” says an FMI analyst.

Key takeaways:

  • Unpredictable weather patterns can impede market growth.
  • By 2022, North America will account for about 45% of the global market share.
  • The Asia Pacific region is anticipated to acquire around 30% of the total market share.
  • In terms of end user, e-commerce is expected to dominate the market.
  • By delivery distance, short distance drone delivery services are steadily gaining popularity during the evaluation period.

competitive landscape

SenseFly Ltd., Airware, Inc., DroneDeploy Inc., Sharper Shape Inc., Sky Futures Ltd., Cyberhawk Innovations Ltd., Aerobo, DroneCloud, Sentera, LLC, Agribotix LLC, Amazon.com, Inc., JD.com, Inc. and Deutsche Post DHL, among others, are some of the major players in the drone delivery services market that are profiled in the full version of the report.

Major players are focusing on partnerships, collaborations, and agreements to gain competitive advantage in the marketplace.

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Learn more about the Drone Delivery Services market report

In its latest report, FMI offers an unbiased analysis of the global drone delivery services market, providing historical data from 2016 to 2021 and forecast statistics for 2022 to 2032. To understand the potential, growth and scope of the global market, the market is segmented on the basis of delivery distance (short-range drone delivery services, short-range drone delivery services, mid-range drone delivery services, endurance drone delivery services), propellers (drones copters, quadcopter drones, hexacopter drones, octocopter drones), end use (drone delivery services for e-commerce, drone delivery services for weather control, drone delivery services for emergency aid, delivery services with drones for other end uses) and region.

According to the latest reports from IMF, depending on the region, the market for drone delivery services in North America is anticipated to see impressive growth during the forecast period. The regional market will account for around 45% by the end of 2022. This growth can be attributed to the strong presence of e-commerce, as well as favorable government policies in countries like the US. Many companies in the US are interested in commercialize drone delivery of food services, retail, logistics, medical items and many others that will further drive the growth of the regional market.

Based on segmentation, in terms of end user, the e-commerce sector is likely to lead market growth, while short-range drone delivery services will lead the market based on delivery distance during the assessment period. .

Table of Contents

1. Executive Summary

1.1. World Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Technology roadmap analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

4. Global Drone Delivery Services Market Analysis 2016-2021 and Forecast, 2022-2032

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About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR certified business consulting and market research firm, a member of the Greater New York Chamber of Commerce and is based in Delaware, USA. We received the 2022 Clutch Leaders Award due to the high customer score (4.9/5), we have been collaborating with global companies on their business transformation journey and helping them fulfill their business ambitions. 80% of the largest Forbes 1000 companies are our clients. We serve global clients in all leading and niche market segments in all major industries.

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