Drone Delivery Soars To New Heights: Global Market To Top $53 Billion

Drone delivery is becoming more popular, with the global market for drone delivery projected to top $53 billion by 2025. In a study from ResearchandMarkets.com, the global drone logistics market was valued at $8.20 billion in 2021 and is forecast to reach $53.32 billion by 2031 at a CAGR of 20.8% from 2022 to 2031, STAT Times reports.

What makes drone delivery so appealing?

  • Time: Consumers want things fast–there’s a rising expectation for same-day delivery or faster. Drones can bring companies closer to these goals.
  • Money: “Operational costs are at least 70% lower than a van delivery service,” said Gartner analysts.
  • Environment: Researchers found that adopting quadcopter drones for small package deliveries could have up to 94% lower energy consumption per package than other vehicles.

In the latest US drone market news…

Amazon has a new drone for 30-minute urban deliveries and is preparing to make its debut. Meanwhile, Walmart is expanding its DroneUp delivery to 34 sites across six states.

Medicine delivery has been a hot spot for the market. Zipline and Wing make deliveries between hospitals, pharmacies, and clients’ homes.

Drones Everywhere?

Though the market is expanding, the use of drones for delivery purposes is still in the early stages. There are many technical, regulatory, and other challenges to overcome before it becomes a widespread practice.

To recap: The adoption of drone delivery is appealing for several reasons, including faster delivery times, lower operational costs and reduced energy consumption. Major companies such as Amazon and Walmart are investing in drone delivery technology, further supporting its potential as a mainstay in the logistics industry. As the technology advances, it will be interesting to see how the drone delivery market continues to evolve.

For now, keep your eyes on the skies.