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Drone Package Delivery Market worth $4,666 million by 2030 – Exclusive Report by MarketsandMarkets™

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CHICAGO, July 5, 2024 /PRNewswire/ — The Drone Package Delivery Market is valued at USD 693 million in 2024 and is projected to reach USD 4,666 million by 2030, at a CAGR of 37.4% from 2024 to 2030 according to a new report by MarketsandMarkets™. The drone package delivery market is driven by the growing need for quick, instant, same day delivery, and emergency supplies. The drones offer a cost-effective delivery solution as compared to traditional ground-based delivery methods, especially for last-mile deliveries. The UAV-based delivery reduces the need for large delivery vehicles, which in turn lowers traffic congestion and decreases greenhouse gas emissions. Furthermore, the enhancements in regulatory frameworks to support drone package delivery by focusing on reducing carbon emissions are also driving the market growth.

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Browse in-depth TOC on “Drone Package Delivery Market”

240 – Tables
81 – Figures
291 – Pages

Drone Package Delivery Market Report Scope:

Report Coverage

Details

Market Revenue in 2024

$ 693 million

Estimated Value by 2030

$ 4,666 million

Growth Rate

Poised to grow at a CAGR of 37.4%

Market Size Available for

2020–2030

Forecast Period

2024–2030

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Solution, Type, Range, Medium, Package Size, Duration, End Use, Operation Mode and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Data Security Breaches

Key Market Opportunities

Use of drones for delivery in military operations

Key Market Drivers

Increasing demand for fast delivery services

 

Based on the End Use, the Medical Aid segment is estimated to hold the highest market share during the forecast period.

Based on the End Use, the Medical Aid segment is estimated to lead the drone package delivery market from 2024 to 2030. Medical Aid is growing rapidly due to the urgent requirement of quick and accurate delivery of medical products, particularly in remote areas. The Development in drone technology has enhanced the delivery of essential items including medicine, vaccines, and blood samples within a short time to improve on patient care quickly. The demand for medical aid via drones is growing globally due to its cost-effectiveness, instant supplies and ability to deliver in remote areas which drives the market growth.

Based on the Solution, the Platform segment is estimated to hold the highest market share during the forecast period.

Based on the Solution, the Platform segment is estimated to hold the highest market share during the forecast period. The growth of the segment is due to the adoption of drones for the delivery of food items, product packages, and medical supplies, among others. There is increasing investment in R&D for advanced weather-resistant drones for more enhanced deliveries with the support of regulatory approvals. The advanced application of AI for route planning and self-organizing control systems, along with the improved connectivity of the existing systems within the logistic networks to improve operational efficiency of drone to drive the growth of delivery drone market.

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Based on regions, the Asia Pacific is projected to grow at highest CAGR for Drone Package Delivery industry during forecast period.

Based on region the Asia Pacific region is estimated to account for the highest CAGR during the forecast period.  The growth of the market in this region is attributed to the rapid urbanization, increasing e-commerce platforms and advanced technological adoption. The increasing use of drones in the countries such as China, India, Japan, Malaysia among others is experiencing demands for instant food and grocery deliveries. The Asia Pacific drone parcel delivery market is expected to witness significant growth due to advanced technological innovations, low-cost manufacturing, and increasing demand for instant deliveries in the region.

Key Players

The Drone Package Delivery companies is dominated by a few globally established players such as Alphabet Inc. (US), Zipline International, Inc. (US), United Parcel Service, Inc. (US), Wingcopter (Germany) and Matternet, Inc. (US).

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Browse Adjacent Market: Aerospace and Defence Market Research Reports & Consulting

Related Reports: 

UAV (Drone) Market by Type (Fixed Wing, Rotary Wing, Hybrid), Platform (Civil & Commercial, and Defense & Government), Point of Sale, Systems, Function, Industry, Application, Mode of Operation, MTOW, Range and Region – Global Forecast to 2029

Drone Logistics and Transportation Market by Platform (Freight, Passenger, Ambulance Drones), Application (Logistics, Transportation), Solution (Hardware, Software, Infrastructure), User, Range, and Region – Global Forecast to 2030

Autonomous Last Mile Delivery Market by Platform (Aerial Delivery Drones (Cargo Drones, Delivery Drones), Ground Delivery Vehicles (Delivery Bots, Self-Driving Vans & Trucks)), Solution, Application, Payload Weight, Range and Region – Global Forecast to 2030

Drone Services Market by Type (Platform Service, MRO, Training and Simulation), Application (Inspection and Monitoring, Mapping and Surveying, Sprating and Seeding, Filming and photography, Others), Solution, Industry and Region – Global Forecast to 2028

Multirotor Drones Market by Application (Defense, Aerial Shooting, Business & Commerce, Law Enforcement, Environmental Inspection), Payload (Electro-optic Sensor, Cameras, Sense & Avoid System, LiDAR, CBRN, Wi-Fi, GPS), & Region – Global Forecasts to 2020

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

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Michael Johnson Promoted to VP of Technical Services for Astro Pak

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Astro Pak promotes Michael Johnson to Vice President of Technical Services, now overseeing both the Technical Services and Engineering Services Groups. A seasoned expert in spaceflight hardware cleaning, Johnson aims to drive innovation in high-purity cleaning and support Astro Pak’s growth. The Technical Services Group focuses on pioneering industry processes, while the Engineering Services Group advises on facility design for longevity and safety.

COSTA MESA, Calif., Nov. 13, 2024 /PRNewswire/ — Astro Pak announces that Michael Johnson has been promoted to its Vice President of Technical Services. He is stepping up from his previous role as Director of Technical Services for the company. His new role places both the Technical Services Group (TSG) and the Engineering Services Group (ESG) under common leadership. The TSG is Astro Pak’s Research and Development group made up of subject matter experts with deep knowledge gained through many years of experience in their respective fields. This team is dedicated to developing new, industry-leading processes and chemistries, some of which become the industry standards. Additionally, the group also serves as an internal consulting resource for Astro Pak’s Field Services and Cleanroom divisions in providing expert advice on resolving its clients’ most challenging projects. Meanwhile, the ESG is a relatively new, customer-facing resource which can be engaged to consult on best practices when designing new facilities to maximize their maintainability to ensure longevity and product safety.

“Our mission is to position Astro Pak on the technological forefront of precision and high-purity cleaning, providing ongoing support for sales, operations, and business development.”

Mr. Johnson himself is a recognized subject matter expert in the highly specialized field of precision cleaning of spaceflight hardware. He joined Astro Pak in March of 2021 after a career of nearly 30 years at the Kennedy Space Center in Florida. There, his work included serving as General Manager of the Chemical Analysis Laboratory and Spaceflight Hardware Precision Cleaning and Refurbishment Operation which included the Space Shuttle program. His other work included designing facility equipment and solvent delivery system as well as working with Boeing and NASA to replace the environmentally hazardous Freon 113 solvent. He also led a team collaborating with Lockheed to clean a contaminated titanium tubing system onboard the Orion space capsule without the need to remove it.

In his new role, Mr. Johnson plans on continuing his mandate “to build and lead a department whose mission is to position Astro Pak on the technological forefront of precision and high purity cleaning and to provide ongoing technical support for sales, operations, and business development.

Media Contact

Mary Cheng, Astro Pak, 9492700812, marketing@astropak.com, https://astropak.com/ 

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SOURCE Astro Pak

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Revolutionizing Heart Health: Frontier X Plus Gains FDA Clearance

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NEW YORK, Nov. 13, 2024 /PRNewswire/ — Fourth Frontier, a medical technology company based out of New York and Bangalore, announced the 510(k) clearance of the Frontier X Plus from the U.S. FDA. The Frontier X Plus is an innovative single-lead, continuous ECG monitor that is worn around the chest and wirelessly relays the user’s ECG instantly to remote dashboards. A range of advanced algorithms identify and classify cardiac rhythm as Bradycardia, Tachycardia, Normal Sinus Rhythm, or Atrial Fibrillation. The device demonstrated best-in-class signal quality during a range of motions including during intense exercise. The wearable ECG monitor further demonstrated equivalence in the classification of cardiac arrhythmias when compared with the conventional 12-lead ECG, through clinical trials in India and the US.

According to the Center for Disease Control, one person dies every 33 seconds from Cardiovascular Disease (CVD), and CVDs are responsible for one in every five deaths in the US. The American Heart Association reports that between three to six million Americans have reported an incidence of Atrial Fibrillation. This number is expected to rise to 16 million by 2050. Atrial Fibrillation has been described as a global epidemic and is a key indicator of reduced morbidity and mortality in individuals of all age groups. Globally, the incidence and prevalence of Cardiovascular Disease (CVD) has been increasingly observed in younger individuals and is one of the leading reasons for premature death.

“We have seen cardiac arrhythmias develop in individuals of all ages, and the incidence is significantly higher for individuals who are both active and have cardiac health risk factors. The percentage of population that falls in the confluence of these categories is continuously rising. Since the FX+ is able to capture ECGs during all kinds of motion and activity, we think this will be a game changer and significantly improve the early detection of cardiovascular disease,” said Manav Bhushan, co-founder and CEO of Fourth Frontier.

With this clearance, the company plans to enter the US market as a prescription based, class II medical device. Fourth Frontier will partner with Independent Diagnostic Testing Facilities (IDTFs) and cardiac rehabilitation centers to offer at-home remote monitoring services. In the near future, the company has plans to introduce AI algorithms which analyse the ECG for early diagnosis of different kinds of heart conditions, a potential breakthrough for people using the device in their everyday lives.

About Fourth Frontier:

Fourth Frontier is a pioneering health tech company that builds and offers products and services for monitoring and improving heart health for people across the world.
Cardiovascular disease is the leading cause of mortality across the globe. Despite its importance, affordable products and services to monitor and improve heart health from the comfort of the home have not been available to consumers. Fourth Frontier is committed to solving this important problem.
With over 150 million minutes of data, 120,000+ users, and a presence in 4,000+ cities across 50+ countries, the device is trusted by people who want to enhance their heart health and fitness.
To learn more about Fourth Frontier, please visit www.fourthfrontier.com, or follow us on Linkedin or Twitter.

Media Contact: pr@fourthfrontier.com

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/R E P E A T — MEDIA ADVISORY- Governments of Canada and Northwest Territories to Make Critical Minerals Infrastructure Announcement/

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YELLOWKNIFE, NT, Nov. 8, 2024 /CNW/ – Michael McLeod, Member of Parliament for the Northwest Territories, will make a critical minerals infrastructure announcement on behalf of the federal Minister of Energy and Natural Resources, alongside Caroline Wawzonek Northwest Territories Deputy Premier, Minister of Finance, Minister of Infrastructure and Minister Responsible for the Northwest Territories Power Corporation. Media availability will follow.

Date: Wednesday, November 13, 2024

Time: 2 p.m. MT

All accredited media are asked to pre-register by emailing media@nrcan-rncan.gc.ca.

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SOURCE Natural Resources Canada

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