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Delivery Drone Market Trends

Report ID: GMI6821
Published Date: Sep 2023
Report Format: PDF

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Delivery Drone Market Trends

The implementation of drones for food delivery is offering a lucrative growth opportunity to the delivery drone industry. This innovative approach not only meets the growing demand for faster, contactless food deliveries but also demonstrates the potential of drones in last-mile logistics.

For instance, in August 2022, Zomato, in pursuit of drone-based food delivery in India, acquired TechEagle Innovations for an undisclosed sum. TechEagle Innovations specializes in drone technology and will play a pivotal role in establishing a hub-to-hub delivery network using hybrid multi-rotor drones. As more companies embrace this technology, it will fuel investment, technological advancements, and regulatory changes, fostering an ecosystem for broader drone applications.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of delivery drone reached USD 287.2 million in 2022 and is set to observe 38% CAGR from 2023 to 2032, due to the remarkable expansion of the e-commerce sector.

The rotary-wing type segment is expected to witness over 35% CAGR during 2023 to 2032, owing to their exceptional maneuverability to adeptly navigate through densely populated urban environments while deftly avoiding obstacles.

North America held over 40% of the market share in 2022, propelled by the presence of well-developed regulatory framework and the culture of technological innovation in the region.

Some of the prominent market players include Zipline, Amazon Prime Air, UPS Flight Forward, Flirtey (SkyDrop), Matternet, Flytrex, and FedEx Express.