Delivery Drones Market Overview: Trends, Size, and Forecasts to 2031

1. Delivery Drones Market to be Worth $3.9 Billion by 2031

2. Global Delivery Drones Market – 2024-2031 Meticulous Research®, a renowned global market research firm, has recently published a comprehensive report titled, "Delivery Drones Market by Type (Fixed-wing Drones, Rotor- wing Drones), Payload (> 10 KG, 10-100 KG, < 100 KG), Range (Visual Line of Sight, Extended Visual Line of Sight), End User (Healthcare, Logistics) and Geography—Global Forecast to 2031." According to this report by Meticulous Research®, the delivery drones market is projected to reach $3.9 billion by 2031, exhibiting an impressive CAGR of 48.7% during the forecast period from 2024 to 2031. This market is witnessing rapid growth due to increasing demand for faster delivery services, the integration of AI and ML technologies in delivery drones, and a growing focus on reducing carbon emissions. However, the market's expansion could be hampered by factors such as limited battery life of aerial drones and the high cost of infrastructure. Despite these challenges, the increasing private investments in the drone industry are expected to create significant growth opportunities. Additionally, the market faces challenges from stringent UAV regulations and concerns over data security and hacking. Emerging trends such as collaborative drones and swarm technology are also shaping the future of this market. The delivery drones market is segmented based on type, payload, range, end user, and geography. The report provides a thorough analysis of these segments, as well as a competitive assessment at both regional and country levels. By type, the market is divided into fixed-wing drones, rotor-wing drones (including single-rotor and multi-rotor drones), and hybrid-wing VTOL drones. In 2024, rotor-wing drones are expected to dominate the market with a share exceeding 61.0%. The popularity of rotor-wing drones is driven by their ability to hover in a fixed position, vertical take-off and landing capabilities, and their suitability for extended flight durations with heavier payloads. On the other hand, hybrid-wing VTOL drones are anticipated to register the highest CAGR over the forecast period. The growing demand for these drones is attributed to their unique ability to combine the advantages of fixed-wing and rotor-wing drones, including vertical take-off and landing without requiring a dedicated runway, coupled with superior endurance and range. In terms of payload capacity, the market is segmented into >10 Kg, 10-100 Kg, and <100 Kg. The 10-100 Kg category is projected to hold the largest market share of over 40.0% in 2024, driven by the rising demand for faster package deliveries in sectors such as retail, e-commerce, and logistics. Additionally, the healthcare industry is increasingly utilizing drones with higher payload capacities for emergency services in remote or inaccessible areas. This segment is also expected to experience the fastest growth during the forecast period. Regarding range, the market is categorized into visual line of sight (VLOS), extended visual line of sight (EVLOS), and beyond the line of sight (BLOS). The VLOS category is expected to dominate the market with a share of over 65.0% in 2024, driven by the increasing need to maintain a direct visual connection with drones to ensure safety and accuracy in flight paths. The demand for VLOS drones is particularly strong in applications requiring quick deliveries of essential items within close proximity. However, the EVLOS segment is projected to witness the highest growth rate during the forecast period. The rising use of EVLOS drones for time-sensitive deliveries over longer distances is driving this segment's growth. These drones are particularly effective in delivering emergency supplies, including medications and vaccines, to rural and remote areas. Page 1 of 3 © Meticulous Research| sales@meticulousresearch.com

3. Global Delivery Drones Market – 2024-2031 In terms of end users, the market is segmented into retail and e-commerce, healthcare, logistics, food & beverages, agriculture, oil & gas, and other industries. In 2024, the retail and e- commerce segment is expected to dominate the market with a share exceeding 31.0%. The growing demand for quick, cost-effective, and contactless delivery solutions is driving the adoption of drones in this sector. The increasing use of drones for door-to-door deliveries is also contributing to the growth of this segment. Meanwhile, the logistics segment is projected to experience the highest growth during the forecast period. The need for last-mile delivery solutions and the demand for faster commercial goods shipments are key factors driving the adoption of drones in the logistics industry. Drones offer significant advantages in avoiding road traffic and reducing delivery times. Geographically, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, the Asia-Pacific region is expected to dominate the market with a share of over 45.0%. The region's growth is fueled by the increasing popularity of online shopping, especially in countries like China, India, and Japan, as well as rising concerns over parcel fraud and missing items in traditional delivery methods. Additionally, regional governments are making significant investments in drone technology for various applications, including military and defense logistics. For instance, in January 2024, the Indian government invested USD 38.5 million (INR 320 crore) in 563 logistics drones capable of carrying loads up to 12,000 feet in altitude. These drones are used to transport supplies to troops stationed in remote border areas. North America is also expected to register the highest CAGR of 50.0% during the forecast period, driven by advancements in drone technology and increasing adoption across various industries. Key Players The key players operating in the delivery drones market include Amazon.com Inc. (U.S.), The Boeing Company (U.S.), Airbus SE (Netherlands), Drone Delivery Canada Corp. (Canada), Wing Aviation (U.S.), Zipline International Inc. (U.S.), A Wingcopter GmbH (Germany), Flytrex Inc. (Israel), Deutsche Post AG (Germany), United Parcel Service, Inc. (U.S.), S.F. Express Co., Ltd. (China), Rakuten Group, Inc. (Japan), SZ DJI Technology Co., Ltd. (China), Matternet, Inc. (U.S.), and DroneUp, LLC (U.S.). Download Sample Report Here @ https://www.meticulousresearch.com/download- sample-report/cp_id=5193 Key Questions Answered in the Report: • What are the high-growth market categories in terms of type, payload, range, and end user? • What is the historical market size for the delivery drones market? • What are the market forecasts and estimates for 2024–2031? • What are the major drivers, restraints, opportunities, challenges, and trends in the delivery drones market? Page 2 of 3 © Meticulous Research| sales@meticulousresearch.com

4. Global Delivery Drones Market – 2024-2031 • Who are the major players in the delivery drones market, and what are their market shares? • What is the competitive landscape like? • What are the recent developments in the delivery drones market? • What are the different strategies adopted by major market players? • What are the trends and high-growth countries? • Who are the local emerging players in the delivery drones market, and how do they compete with other players? Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 3 of 3 © Meticulous Research| sales@meticulousresearch.com