The North American drone delivery services market is poised for rapid and substantial growth in the coming years, particularly in the early stages of the forecast period. By 2022, it is projected to represent a substantial 45% share of the global industry, as per Future Market Insights.
This growth is attributed to several key factors, including the increasing trend of online shopping through e-commerce platforms and the favorable regulations set by the Federal Aviation Administration (FAA) in the United States. Many USA companies are actively working on commercializing drone delivery services, covering a wide range of applications, such as food, medical supplies, logistics, and retail deliveries. This momentum is expected to propel the North American drone delivery services industry throughout the entire forecast period.
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The global drone delivery services market is poised for remarkable growth, starting at a value of US$322.2 million in 2022 and projected to surge at an impressive CAGR of 33.0% over the forecast period from 2022 to 2032, reaching a valuation of US$5,596 million. The historical demand trend from 2016 to 2021 also displayed a significant 5.8% value CAGR.
The increasing demand for drone delivery services has prompted governments to ease airspace restrictions, allowing drones to operate, thereby facilitating new delivery routes for remote areas and contributing to the expansion of the drone delivery services industry.
Key Points:
- The global drone delivery services industry is expected to reach a value of US$ 322.2 million in 2022.
- Over the forecast period from 2022 to 2032, the market is projected to grow at a remarkable CAGR of 33.0%, reaching a valuation of US$ 5,596 million.
- In the previous five years (2016-2021), the demand for drone delivery services demonstrated a steady growth with a 5.8% value CAGR.
- Governments around the world are relaxing restrictions to accommodate drones in their airspace, fostering the growth of drone procurements and expanding the potential for new delivery routes, particularly in remote areas.
- The increasing demand for drone delivery services is a key driver behind the significant growth of this market, as it continues to offer innovative and efficient solutions for last-mile delivery.
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With advances made in drone technology, the drone delivery services market is also expected to grow. The integration of advanced technological tools into drones would allow them to obtain precise ground data that can then be linked to more traditional mapping methods.
Moreover, the incorporation of sense and avoid systems in aerial delivery drones are gaining traction because of the greater safety and other benefits they bring outside the visual line of sight. Cameras, radars, LiDAR, and other tools that assist in the detection and avoidance of obstacles are categorized as sense and avoid systems.
Technological advancements 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 industry over the forecast period.
“Rising usage of drones, advancements in drone technology, and relaxation in government policies will likely drive the market growth of the drone delivery services market over the forecast period,” says an FMI analyst.
Key Takeaways:
- Unpredictable weather patterns may impede the industry growth.
- In 2022, North America will account for about 45% of the global market share.
- The Asia Pacific region is predicted to acquire about 30% of the overall industry share.
- In terms of end-user, e-commerce is expected to dominate the market.
- By delivery distance, short-distance drone delivery services are constantly gaining popularity over the assessment 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 profiled in the full version of the report.
Leading players are focusing on partnerships, collaborations, and agreements to gain a competitive edge in the industry.
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Key Segments:
By Delivery Distance:
- Close Range
- Short Range
- Mid-Range
- Endurance
By Propellers:
- Tricopter Drones
- Quadcopter Drones
- Hexacopter Drones
- Octocopter Drones
By End Use:
- E-Commerce
- Weather Monitoring
- Emergency Aids
- Other End Uses
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Author:
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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