Drone Package Delivery Market Investment Activity From Established Companies Are to Create Attractive OpportunityPosted by Amrut Mahajani on February 23rd, 2023  Drone Package Delivery Market is projected to grow at an impressive CAGR of 49.0% from 2022 to 2030, according to a recent report. This market is expected to grow from USD 228 million in 2022 to USD 5,556 million by 2030, driven by the development of aerial delivery drones for use in geographically challenging areas and the incorporation of the Internet of Things (IoT) in the ecosystem of delivery drones. The commercial applications of drones have grown significantly over the past few years. This growth can be attributed to the development of vision and collision avoidance systems, which have made drones safe for use in public places. In the coming years, these collision avoidance systems are expected to improve further with the development of sensors that can guide drones in case of failure of vision systems. These sensors are expected to work effectively in fog and other extreme weather conditions, where normal cameras become ineffective. AI is the next focus of the drone industry. This new technology is expected to enable drones to perform all tasks, right from their launch and navigation to data acquisition, data transmission, and data analysis. The incorporation of AI in drones will also reduce the number of skills required by UAV pilots. Get More Information Request Sample Copy (Get Higher Priority for Corporate email ID): https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=10580366 Leading Players in the Drone Package Delivery Market There are several leading players in the drone package delivery market, including Alphabet Inc. (US), Deutsche Post DHL Group (Germany), Zipline (US), United Parcel Service of America, Inc. (US), FedEx (US), Matternet Inc., (US), Matternet (US), EHang (China), and The Boeing Company (US). Alphabet Inc. Alphabet Inc. is a US-based holding company, with Google as a wholly-owned subsidiary. Wing Aviation LLC is a subsidiary of Alphabet Inc. (US), offering autonomous drones for on-demand delivery of food, medicines, and other items within minutes to increase access to goods, reduce traffic congestion in cities, and help ease the CO2 emissions attributable to transportation of goods. It has developed an unmanned traffic management system that allows unmanned aircraft to navigate around other drones, manned aircraft, and other obstacles like trees, buildings, and power lines, thus offering faster and safer services. The company is currently providing its services in the US, Australia, and Finland. Deutsche Post DHL Group Deutsche Post DHL Group is a Germany-based logistics company offering drone package delivery services across the globe. The company has a presence in more than 220 countries and territories. The company works under 5 business segments, which are Express, Global Forwarding Freight, Postal & Parcel Germany, Supply chain, and E-commerce Solutions. The company is doing fully automated last-mile drone package deliveries in China. The company has joined with EHang to develop fully automated delivery solutions for China’s metropolitan areas. Later, DHL is planning to expand these services to other regions around the world. Zipline Zipline is a US-based logistics company that designs, manufactures, and operates aerial drones for delivery applications. The company uses drones to deliver essential medical products, such as blood and animal vaccines, to hard-to-reach communities. It has a flight-testing center in Davis, California, and its delivery drones are assembled in the company’s facility in South San Francisco, California. In February 2021, Zipline signed a service-level agreement with the Kaduna State Government to use drones in the health supply chain system. The delivery will include daily medical supplies, such as blood pints and medicines, and planned delivery of COVID-19 vaccines. United Parcel Service of America United Parcel Service of America is a premier provider of global supply chain management solutions. It is the world’s largest package delivery company and a leader in the US less-than-truckload industry. The global small package operations provide time. 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