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Worldwide Drone Delivery Industry to 2030 – Increasing Need for Contactless Deliveries for Safety Purposes is Driving Growth

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Dublin, April 06, 2021 (GLOBE NEWSWIRE) — The “Global Drone Delivery Market: Focus on Drone Receptacle, Drone Type, Package Size, Range, and Application – Analysis and Forecast, 2023 to 2030” report has been added to ResearchAndMarkets.com’s offering.

The introduction of drones in the delivery service market has rapidly transformed the process of deliveries, further leading to a change in consumer behavior. Drones or autonomous unmanned aerial vehicles (UAVs) are a popular option for last-mile deliveries, essentially parcels for remote or rural areas with less population density. Since it is expected that instant or same-day delivery will grow in the next ten years, door-to-door delivery has been a major area of research by several firms such as Google, DHL, UPS, and Amazon. Some of these companies have been testing drone delivery services since 2005 and are expected to launch their services by 2023.

The global drone delivery market is expected to witness substantial growth over the forecast period 2023-2030. The drone delivery service market is majorly growing due to the increasing demand for instant deliveries, especially in the case of medical supplies and food essentials. Drone regulations and rapid advancements in technologies related to UAVs are also playing an important role in market growth. The growing need for healthcare deliveries such as blood samples and medicines, especially in remote areas or during any global epidemic, is also one of the major reasons behind the expected drift from traditional package delivery system to drone delivery services.

The report is a compilation of various segmentations, including market breakdown by application, by range, by drone type, and by package size. The report is based on discussions and interviews with the top management of several leading high throughput equipment manufacturers, tier 1 suppliers, and solution providers.

The global drone delivery market is not expected to play out the same way for every region, so this report segments the market accordingly and breaks down the industry geographically as follows: North America, Europe, Asia-Pacific, and Rest-of-the-World.

Scope of the Report

The report constitutes an extensive study of the drone delivery market. It focuses largely on providing market information for drone delivery by covering different segments, by application, by range, by drone type, and by package size, and by region. In addition to this, the study focuses on the major driving forces, challenges, and growth opportunities for the market.

The major players have been identified on the basis of their revenue generation, geographical presence, and company developments. Details of company profiles have been included in order to understand the strategic behaviors of the market players. The drone delivery market is further explained and analyzed based on region, which has been categorized into North America, Europe, Asia-Pacific, and Rest-of-the-World. Regional developments of the manufacturers and developments by governments is one of the factors based on which the growth rates of the countries have been calculated.

Key Companies in the Global Drone Delivery Market

The key market players in the drone delivery market include Airbus SA, Alibaba, Amazon, The Boeing Company, Cheetah Logistics Technology, DHL International GmbH, Drone Delivery Canada Corp., Flirtey, FlyTrex, Wing Aviation LLC, Manna Aero, Matternet Inc., Rakuten Drone, Skycart Inc., Uber Technologies Inc., United Parcel Service, Zipline, and Zomato.

Key Questions Answered in this Report:

  • What are the major drivers, challenges, and opportunities behind the demand for the global Drone Delivery market during the forecast period, 2023-2030?
  • How has COVID-19 affected the growth of the global Drone Delivery market?
  • Who are the key players in the global Drone Delivery market, and what is the competitive benchmarking?
  • What are the new strategies being adopted by the existing market players to make a mark in the industry?
  • How is each segment of the global Drone Delivery market expected to grow during the forecast period, and what is the revenue anticipated to be generated by each of the segments by the end of 2030?
  • What are the trends in the global Drone Delivery market across different regions? What is the global estimated revenue generated 2030?
  • Which region is expected to contribute the most to the global Drone Delivery market during the forecast period?

Key Topics Covered:

1 Market Dynamics
1.1 Market Drivers
1.1.1 Increase in Demand for Faster Delivery
1.1.2 Increasing Need for Contactless Deliveries for Safety Purposes
1.1.3 Increasing Demand for Drone Delivery in Remote Locations
1.1.4 Growing Awareness for Sustainable and Environment-Friendly Mode of Delivery
1.1.5 Amendments in the Regulatory Framework for Drone Delivery Across the Globe
1.2 Market Challenges
1.2.1 Congested Airspace in Urban Areas and Inherent Risks
1.2.2 Limited Battery Life of Aerial Delivery Drone
1.2.3 Concerns relating to Privacy, Security, and Safety of the Drones
1.2.4 Lack of Infrastructure for Drone Delivery Operations
1.3 Market Opportunities
1.3.1 Advancements in Drone Technologies
1.3.2 Drone Delivery Opening Up the New Market for Drone Management Industry
1.3.3 Advancements to Accelerate the Development of Autonomous Aerial Last-Mile Delivery Ecosystem
1.3.4 Integrating Robust Safety Solutions to Enhance Reliable Drone Delivery Operations

2 Competitive Insights
2.1 Key Companies in Global Drone Delivery Market
2.2 Key Strategies and Developments
2.2.1 Partnerships and Contracts
2.2.2 Service Launches and Test Flights
2.2.3 Other Key Developments
2.3 Competitive Benchmarking

3 Industry Analysis
3.1 Top 20 Drone Startups, 2017-2021
3.2 Technological Trends
3.2.1 Artificial Intelligence (AI)
3.2.2 3D Printing
3.2.3 Multi-Sensor Data Fusion for UAV Navigation
3.2.4 Sense and Avoid Technology
3.2.5 Cloud Computing-Based Services
3.3 Drone Accident Scenarios
3.3.1 Cyber-Physical Threats
3.3.2 Physical Challenges and Vulnerabilities
3.3.3 Security Requirements
3.4 Emergency Landing Protocols for Drone Delivery
3.5 Drone Regulations
3.6 Drone Delivery: Environmental Testing and Certification Process
3.6.1 Environmental Testing
3.7 Supply Chain Analysis

4 Global Drone Delivery Market
4.1 Assumptions and Limitations
4.2 Market Overview

5 Global Drone Delivery Market (by Drone Type)
5.1 Market Overview
5.2 Rotor Wing
5.3 Fixed Wing
5.4 Hybrid Wing

6 Global Drone Delivery Market (by Package Size)
6.1 Market Overview
6.2 Less Than 4.4 lbs.
6.3 4.4 lbs. to 11 lbs.
6.4 More than 11 lbs.

7 Global Drone Delivery Market (by Application)
7.1 Market Overview
7.2 E-Commerce
7.3 Medical Aid
7.4 Food Delivery
7.5 Others

8 Global Drone Delivery Market (by Range)
8.1 Market Overview
8.2 Less Than or Equals 15.5 miles
8.3 More than 15.5 Miles

9 Global Drone Delivery Market (by Region)
9.1 Market Overview
9.2 North America
9.3 Europe
9.4 Asia-Pacific
9.5 Rest-of-the-World

10 Global Drone Delivery Market (by Drone Receptacle)
10.1 Overview
10.2 Residential (Home)
10.2.1 U.S. Residential (Home)
10.3 Commercial (Business)
10.3.1 U.S. Commercial (Business)
10.3.1.1 E-Commerce
10.3.1.2 Logistics and Transportation
10.3.1.3 U.S. Postal Service (USPS)
10.3.1.4 Healthcare
10.3.1.5 Food Delivery

11 Global Drone Delivery Market (by Key Players)
11.1 Airbus S.A.S.
11.1.1 Company Overview
11.1.2 Role of Airbus S.A.S. in Global Drone Delivery Market
11.1.3 Recent Developments
11.1.4 Receptacle Specifications
11.1.5 Strengths and Weaknesses of Airbus S.A.S.
11.2 Amazon.com, Inc.
11.2.1 Company Overview
11.2.2 Role of Amazon.com, Inc. in Global Drone Delivery Market
11.2.3 Recent Developments
11.2.4 Drone Specifications
11.2.5 Strengths and Weaknesses of Amazon.com, Inc.
11.3 Boeing
11.3.1 Company Overview
11.3.2 Role of Boeing in Global Drone Delivery Market
11.3.3 Recent Developments
11.3.4 Drone Specification
11.3.5 Strengths and Weaknesses of Boeing
11.4 DHL International GmbH
11.4.1 Company Overview
11.4.2 Role of DHL International GmbH in Global Drone Delivery Market
11.4.3 Recent Developments
11.4.4 Drone Specification
11.4.5 Strengths and Weaknesses of DHL International GmbH
11.5 Drone Delivery Canada Corp.
11.5.1 Company Overview
11.5.2 Role of Drone Delivery Canada Corp. in Global Drone Delivery Market
11.5.3 Recent Developments
11.5.4 Drone Specification
11.5.5 Strengths and Weaknesses of Drone Delivery Canada Corp.
11.6 FLYTREX
11.6.1 Company Overview
11.6.2 Role of FLYTREX in Global Drone Delivery Market
11.6.3 Recent Developments
11.6.4 Drone Specification
11.6.5 Strengths and Weaknesses of FLYTREX
11.7 Flirtey, Inc.
11.7.1 Company Overview
11.7.2 Role of Flirtey, Inc. in Global Drone Delivery Market
11.7.3 Recent Developments
11.7.4 Drone Specification
11.7.5 Strengths and Weaknesses of Flirtey, Inc.
11.8 FedEx Corporation
11.8.1 Company Overview
11.8.2 Role of FedEx Corporation in Global Drone Delivery Market
11.8.3 Recent Developments
11.8.4 Drone Specification
11.8.5 Strengths and Weaknesses of FedEx Corporation
11.9 Matternet Inc.
11.9.1 Company Overview
11.9.2 Role of Matternet Inc. in Global Drone Delivery Market
11.9.3 Recent Developments
11.9.4 Drone Specifications
11.9.5 Strengths and Weaknesses of Matternet Inc
11.1 United Parcel Service of America, Inc.
11.10.1 Company Overview
11.10.2 Role of United Parcel Service of America, Inc. in Global Drone Delivery Market
11.10.3 Recent Developments
11.10.4 Drone Specification
11.10.5 Strengths and Weaknesses of United Parcel Service of America, Inc.
11.11 Wing Aviation LLC
11.11.1 Company Overview
11.11.2 Role of Wing Aviation LLC in Global Drone Delivery Market
11.11.3 Drone Specification
11.11.4 Strengths and Weaknesses of Wing Aviation LLC
11.12 Zipline
11.12.1 Company Overview
11.12.2 Role of Zipline in Global Drone Delivery Market
11.12.3 Recent Developments
11.12.4 Drone Specification
11.12.5 Strengths and Weaknesses of Zipline
11.13 Other Key Players
11.13.1 AirBox Technologies
11.13.1.1 Company Overview
11.13.1.2 Role of AirBox Technologies in Global Drone Delivery Market
11.13.1.3 Recent Developments
11.13.1.4 Receptacle Specifications
11.13.1.5 Strengths and Weaknesses of AirBox Technologies
11.13.2 BLKTATU
11.13.2.1 Company Overview
11.13.2.2 Role of BLKTATU in Global Drone Delivery Market
11.13.2.3 Receptacle Specifications
11.13.2.4 Strengths and Weaknesses of BLKTATU
11.13.3 DRONEDEK
11.13.3.1 Company Overview
11.13.3.2 Role of DRONEDEK in Global Drone Delivery Market
11.13.3.3 Recent Developments
11.13.3.4 Receptacle Specifications
11.13.3.5 Strengths and Weaknesses of DRONEDEK
11.13.4 IDU GROUP
11.13.4.1 Company Overview
11.13.4.2 Role of IDU Group in Global Drone Delivery Market
11.13.4.3 Receptacle Specifications
11.13.4.4 Strengths and Weaknesses of IDU Group
11.13.5 Valqari
11.13.5.1 Company Overview
11.13.5.2 Role of Valqari in Global Drone Delivery Market
11.13.5.3 Recent Developments
11.13.5.4 Receptacle Specifications
11.13.5.5 Strengths and Weaknesses of Valqari

12 Research Scope and Methodology
12.1 Scope of the Report
12.2 Global Drone Delivery Market Research Methodology

13 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/nawgo0


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Artificial Intelligence

Forum Systems Releases GenAI Productivity-Risk Framework and two Fine-tuned Models for Enterprise Customers

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Announcing a framework to balance productivity and risk for enterprise deployments of GenAI models and releasing two fine-tuned models—Mistral QS-Sentry and Llama 3 QS-Sentry—with optimized productivity-risk profiles
Gartner Data & Analytics Summit 2024, LONDON, May 13, 2024 /PRNewswire/ — Forum Systems, a leader in LLM and API technologies, today announced the public release of two language models fine-tuned to optimize their productivity-risk profile from the Gartner® Data & Analytics Summit 2024. The research is discussed at length in two recent articles, Framework for LLM Selection by Balancing Model Risk with Workforce Productivity and Improving Productivity-Risk Profile through LLM Fine-tuning. This groundbreaking work presents a framework for balancing productivity and risk in GenAI deployments, an urgent question among business leaders today.

“LLMs security has its tradeoffs. More restrictive models will be safer but may hamper productivity. If enterprises aren’t measuring the productivity-risk balance of their models, they are in the dark about whether they’ve achieved an optimal tradeoff,” remarked Mamoon Yunus, CEO of Forum Systems. He continued, “classic machine learning metrics like precision and recall can serve as proxies for productivity and risk. Fine-tuning on extensive manual multi-vote labeled data, our LLMs show superior performance compared to base models.” 
The fine-tuned models—Mistral QS-Sentry and Llama 3 QS-Sentry—are based on Mistral-7B-Instruct-v0.2 and Meta-Llama-3-8B-Instruct.
In the first article, Forum Systems developed a framework for balancing risk and productivity and assessed the productivity-risk profile of Mistral and Llama 3 before fine-tuning. It found that, when asked to classify prompts as either safe or unsafe, Mistral was more precise and thus aligned with higher productivity, while Llama 3 was more restrictive and thus aligned with lower risk.
The second article analyzed the models after they were fine-tuned on a hand-curated dataset of about 20,000 prompts. The study showed that the productivity-risk profile of both models can see meaningful improvements after fine-tuning. Forum Systems has released both fine-tuned models on Hugging Face to contribute to the broader community of researchers and those working in AI governance and AI alignment, believing its framework for analyzing the trade-offs between productivity will also prove valuable to business leaders deploying safe and effective GenAI offerings.
As Gartner analyst Arun Chandrasekaran recently stated, “Generative AI (GenAI) has the potential to transform businesses across industries. Most business and technology leaders believe that the benefits of GenAI far outweigh its risks.” He recommends, “Put responsible AI at the heart of your generative efforts. Promote harmonious interaction among humans and machines with design thinking and by incorporating human feedback into GenAI applications.” Forum Systems agrees with Chandrasekaran’s analysis and recommendation. Its work in optimizing productivity-risk profiles of small models demonstrates that enterprise-class responsible AI deployments are within reach through fine-tuning.
Source: Gartner, 10 Best Practices for Scaling Generative AI Across the Enterprise, Arun Chandrasekaran, Leinar Ramos, Alberto Pietrobon, 10 January 2024.
GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.
About the Gartner Data & Analytics Summit 2024 Gartner analysts will provide additional analysis on data and analytics trends at the Gartner Data & Analytics Summits, taking place March 11-13 in Orlando, FL., March 26-27 in São Paulo, April 24-25 in Mumbai, May 13-15 in London May 21-23 in Tokyo, and July 29-30 in Sydney. Follow news and updates from the conferences on X using #GartnerDA.
About Forum SystemsForum Systems is leading the Enterprise GenAI revolution. Forum’s patent-pending QuantumSim™, together with Forum Sentry, mitigate the unpredictable nature of LLMs through integration with corporate APIs, ensuring LLM output is truthful and accurate. QuantumSim™ is secure by design and ships with industry-leading guardrails, moderation, data obfuscation, and observability for LLM-enabled offerings. Used by some of the largest global companies for building intelligent business workflows, Forum’s suite of products provides unique solutions that allow enterprises to reinvent themselves with GenAI.
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Artificial Intelligence

LG CEO EMBARKS ON STRATEGIC U.S. VISIT TO ENHANCE AI INITIATIVES

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AI as Key Driver for Future Growth and Customer Experience Innovation
SEOUL, South Korea, May 13, 2024 /PRNewswire/ — LG Electronics’ (LG) CEO, William Cho, has embarked on a strategic business trip to the tech-rich western United States, a hotspot for global tech titans and dynamic AI dialogues. Throughout his week-long visit, Cho will focus on key tasks such as attracting top-tier AI talent, communicating the company’s vision and strategy to global investors and attending the influential MS CEO Summit. These endeavors are integral to LG’s comprehensive strategy to accelerate the incorporation of AI into all its business sectors.

AI as a Crucial Catalyst for Future Growth and Customer Experience Innovation
Throughout his trip, Cho aims to secure top-notch expertise in the AI field, an area that has recently surfaced as a critical turning point in the industry. He plans to leverage this as a springboard for transforming LG’s future business portfolio and revolutionizing the customer experience.
Annually, LG introduces approximately 100 million products to the market. Given a product lifespan of seven years, it’s estimated that nearly 700 million LG products are currently in use worldwide. Furthermore, the usage data gained from customers interacting with these devices exceeds 700 billion hours. Cho anticipates this enormous pool of usage data will help accelerate LG’s AI progression and the 700 million products will function not just as customer touchpoints but also as service platforms.
“AI, Cloud, and Big Data are new opportunities for LG”
Cho commenced his itinerary by hosting a tech conference in North America on the 11th in Cupertino, California. This program is aimed at drawing in top-notch talent from abroad. Key participants included LG’s AI Lab management team and executives from LG’s various businesses including Park Hyoung-sei, president of the LG Home Entertainment Company; Eun Seok-hyun, president of LG Vehicle component Solutions Company; Dr. Kim Byoung-hoon, CTO and executive vice president; Kim Weon-bum, CHO and executive vice president; and Dr. Sokwoo Rhee, head of LG’s North America Innovation Center.
LG extended invitations to about 50 AI experts currently working in large tech firms and startups in the Bay Area, as well as doctoral researchers from renowned universities in North America. The conference focused on discussions about the company’s vision, R&D strategy and the future trajectory of AI technology development.
Cho expressed, “In the face of transformative shifts such as electrification, servitization and digitalization sweeping across diverse industries, the application of AI, cloud and big data is paving the way for novel approaches and opportunities.” He further elaborated, “These emerging opportunities represent a new potential frontier for us, given our extensive accumulation of core technologies and expertise.”
He also provided detailed insights into LG’s AI vision of ‘Affectionate Intelligence’, which was unveiled earlier this year at CES 2024. Cho emphasized that “AI should fundamentally be used to care for and empathize with customers, provide tangible benefits and improve the customer experience,” a sentiment that deeply resonated with the attendees.
Following this, he announced, “LG is transcending its status from a global leader in the home appliance and consumer electronics to transform into a ‘Smart Life Solution Company’ that expands and interconnects various customer spaces and experiences.” He added, “I envision us collaborating to reinvent dreams as we undertake bold ventures, fueled by optimism for a brighter future and a better life.”
At the event, CTO Kim Byung-hoon spoke on the subjects of ‘Paradigm Shift’ and ‘LG’s Innovation Roadmap for the Future’, and vice president Han Eun-jung of AI Lab discussed ‘Daily Life with AI’. Professors from the University of Southern California and New York University were also invited to present on generative AI and robotics technology. A panel discussion on the theme of ‘Evolution of AI’ also attracted significant interest from the attendees.
Transition from a Leading Home Appliance Brand to a Smart Life Solution Company
Cho’s second agenda includes hosting a non-deal roadshow (NDR) on May 13, where he will interact with key executives from globally influential investment firms based in San Francisco. His strategy aims to depict LG’s transformation to a comprehensive ‘Smart Life Solution Company’. This transition is anchored in broadening the company’s business portfolio, which includes accelerating B2B business in areas such as EV components, HVAC, built-in appliances’ and signage solutions. The expansion of platform-based services like webOS, and venturing into new areas for LG such as robotics and EV charging, are also integral to this transformation plan.
In particular, Cho plans to highlight how LG is proactively engaging in the development and application of AI in its business operations. He aims to stress that creating tangible customer touchpoints is more crucial than merely having superior AI to provide authentic value and experience to customers.
In this regard, LG’s customer touchpoints, secured through its 700 million devices spanning diverse spaces from homes to vehicles and commercial areas, present a significant advantage that is unmatched by other global companies. LG’s goal is to realize Affectionate Intelligence in our daily lives by leveraging extensive real-time life data and expertise orchestrating devices and services to accelerate AI development using its devices as platforms.
Securing Global AI Allies and Discovering New Business Opportunities at the MS CEO Summit
Cho is also scheduled to attend the MS CEO Summit, a private, invitation-only event taking place in Seattle, where Microsoft’s headquarters is located, for three days starting from May 14. This summit serves as a platform for CEOs and representatives of globally leading companies to discuss and exchange ideas on various topics, including the economic and business environment, as well as industry trends.
LG is diligently working to establish world-class AI capabilities, guided by a ‘3B strategy’ that focuses on Building internal capabilities or Borrowing and Buying external resources. Given LG’s extensive global customer touchpoints and its possession of a vast amount of multi-faceted data and customer insights, the opportunities for future collaborations with globally influential tech companies are expected to become increasingly diverse.
About LG Electronics, Inc.
LG Electronics is a global innovator in technology and consumer electronics with a presence in almost every country and an international workforce of more than 74,000. LG’s four companies – Home Appliance & Air Solution, Home Entertainment, Vehicle component Solutions and Business Solutions – combined for global revenue of over KRW 84 trillion in 2023. LG is a leading manufacturer of consumer and commercial products ranging from TVs, home appliances, air solutions, monitors, automotive components and solutions, and its premium LG SIGNATURE and intelligent LG ThinQ brands are familiar names world over. Visit www.LGnewsroom.com for the latest news.
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Artificial Intelligence

Elevate Your Virtual Reality Experience with KIWI design RGB Vertical Stand, Now Available on Meta’s Website

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LOS ANGELES, May 11, 2024 /PRNewswire/ — Top-tier VR accessories provider KIWI design has launched its latest product, the RGB Vertical Stand. This Meta-authorized accessory, designed to deepen users’ immersion in the metaverse, is now available on the official Meta website.

“KIWI design’s commitment to pushing the boundaries of virtual reality accessories takes another leap forward with the introduction of our new products,” said Ray,the CEO of KIWI design. “We are always dedicated to bringing innovative upgrades to VR device accessories, with the goal of enriching users’ virtual reality experiences.”
The newly launched RGB Vertical Stand features a user-friendly modular design with push-in assembly, making it easy to set up and use. It is compatible with Meta Quest 3, Quest 2, and Quest Pro, ensuring widespread usability. With a magnetic USB Type-C connector, it provides an effortless way to charge and display your headset. Users can also customize their display with 16 pre-set ambient multicolor RGB light options.
With VR technology constantly evolving, users are seeking more immersive experiences. As a leading manufacturer of VR accessories, KIWI design is committed to enhancing the user experience, through unique product designs. Since its establishment in 2015, KIWI design has acquired over 100 patents and has a diverse product lineup, including head straps, facial interfaces, VR stands, charging accessories, and controller grip covers.
KIWI design has also actively participated in the Made for Meta program, which is provided by Meta to strengthen its partnerships with leading brands to deliver accessories that enhance Meta products with more choice and a richer experience for everyone. KIWI design’s participation in this program validates its high-quality design standards.
The RGB Vertical Stand for Meta Quest 3, Quest 2, and Quest Pro and another specially designed authorized charging dock for the Meta  Oculus Quest 2 are now available for purchase on both KIWI design’s website and Amazon. For more information about our brand and products, please visit our website and follow KIWI design on Facebook, Instagram, X, YouTube and TikTok.
https://www.kiwidesign.com/
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