Drone Package Delivery Market to see Rapid Growth by 2029

The global drone package delivery market is anticipated to grow at a significant CAGR of 14.9% during the forecast period. One of the core factors that is fueling the market growth is technological advancement and utilization of advanced technologies such as artificial intelligence (AI), and the Internet of Things (IoT), among others. Drone technology has been advancing continuously, making drones ideal tools for gathering certain ground data that can couple well with more traditional mapping techniques. Satellites also act this function globally via revolving around the globe from space, which is in direct contrast to a drone's scope and size. Such development has enhanced the usability of a drone. However, the use of sense and avoid systems in package delivery drones is getting more attention owing to the enhanced safety and visual line of sight features it provides. Sense and avoid systems are a combination of radar, LiDAR, cameras, and other systems that support detecting and avoiding obstacles successfully.

Moreover, the addition of AI and the IoT has advanced the drone navigation process and carried out drone package delivery operations autonomously and safely while delivering a package. It also informs its locations, continuously to the operators which also supports, thereby contributing to their enlarged adoption in the drone delivery ecosystem across the globe. For instance, in April 2022, TechEagle, a deeptech firm constructing drone logistic services, launched 'Vertiplane X3', a fast hybrid vertical take-off and landing (e-VTOL) drone ever made in India. The product will be deployed for several use cases through industries such as offering better healthcare access to remote areas, apart from e-commerce and hyperlocal requirements.

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Market Coverage

· The market number available for - 2021-2029

· Base year- 2021

· Forecast period- 2023-2029

Segment Covered-

· By Type

· By Capacity

· By End-User

Regions Covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

· Competitive Landscape- including Airbus S.A.S., Amazon.com, Deutsche Post AG, SZ DJI Technology Co., Ltd., Zipline International Inc., and others.

Drone Package Delivery Market Report Segment

By Type

· Rotary-wing

· Fixed-wing

By Capacity

· Less than 10kg

· Greater than 10kg

By End-User

· Food

· Healthcare

· Retail and Logistics

A full Report of Drone Package Delivery Market is Available @ https://www.omrglobal.com/industry-reports/drone-package-delivery-market

Drone Package Delivery Market Report Segment by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

• Latin America

• Middle East and Africa

Company Profiles

· Drone Delivery Canada Corp.

· FedEx Corp.

· Flirtey (SkyDrop)

· Flytrex Inc.

· Guangzhou EHang Intelligent Technology Co. Ltd.

· Matternet

· SKYCART INC.

· TechEagle Innovations Pvt. Ltd.

· Wing Aviation LLC

· Wingcopter GmbH

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