Delivery Drone Services Global Market Report 2023 – By Package Size (Less Than 2kg, 2kg to 5kg, More than 5kg), By Range (Less Than or Equals to 25 Km, More than 25 Km), By Application (E Commerce, Medical Aids, Food Delivery, Other Applications) – Market Size, Trends, And Global Forecast 2023-2032

Drone package delivery refers to the services that deliver packages through drones. Delivery drones are unmanned aerial vehicles (UAVs) capable of carrying lightweight packages. Delivery drones are functioned independently or remotely, with controllers theoretically monitoring several drones at one time. The drone package delivery market covered in the report is segmented by drone type into fixed wing, rotor drone, hybrid drones, by range into short <25 kilometers, long >25 kilometers, by package size into < 2 kilograms, 2 – 5 kilograms, > 5 kilograms, by application into e-commerce, quick service restaurant, convenience stores, healthcare, others. The global drone package delivery market is segmented – 1) By Drone Type: Fixed Wing, Rotor Drone, Hybrid Drones 2) By Range: Short <25 Kilometers, Long >25 Kilometers 3) By Package Size: < 2 Kilograms, 2 – 5 Kilograms, > 5 Kilograms 4) By Application: E-Commerce, Quick Service Restaurant, Convenience Stores, Healthcare, Other Applications The global drone package delivery market grew from $1.46 billion in 2022 to $2.10 billion in 2023 at a compound annual growth rate (CAGR) of 43.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of drone package delivery is expected to grow to $9.21 billion in 2027 at a CAGR of 44.7%. The increasing demand for drone deliveries during COVID-19 is expected to propel the growth of the drone package delivery market in the coming years. During the COVID-19 period, contactless distribution increased, and drones played a crucial role in ensuring that companies and clients communicated as little as needed. Drones are heading to the sky in massive numbers during the pandemic to bring vital goods and drugs to populations under lockdown. In recent weeks of 2020, Alphabet's drone delivery company Wing has seen a major rise in demand as individuals comply with social distancing guidelines during the COVID-19 outbreak. Many individuals have been using the service in recent months as the COVID-19 pandemic continues, and Wing found that between February 2020 and April 2020, also in Australia, the use of its service increased by 500%. Therefore, the increasing demand for drone deliveries during COVID-19 drives the growth of the drone package delivery market. Major players in the drone package delivery market are Amazon.com, Inc., United Parcel Service of America, Inc., Zipline, FedEx, DHL International GmbH, Boeing, Matternet, Inc., Flirtey, Drone Delivery Canada Corp., Flytrex. The high cost of drone deliveries is expected to impede the growth of the drone package delivery market over the coming years. Delivery drones or unmanned aerial vehicles are unmanned aircraft delivering items to a specified location. Drones are costly because of all the modern technologies that need to enable them to fly longer, be safer, and avoid hurdles. United parcel service (UPS) charges its customers $12.92 to ship a parcel through drones, but the real average price of shipping one product along a path they are already delivering is likely to be nearer to $2. Therefore, the high cost of drone deliveries is expected to hamper the growth of the drone package delivery market. The growing technological advancements are a key trend gaining popularity in the drone package delivery market. Over the last several years, drones have become extremely prevalent as many individuals and organizations completely accept and incorporate this technology into their business model. For instance, in May 2022, Skyway, an air traffic navigation provider partnered with Zing Drone Delivery, tested their first-ever food product delivery by drone. Zing's advanced delivery systems were used in cooperation with strategic partners to bring its services to the area. In June 2020, PDI Software, an America-based software provides ERP, Fuel Pricing, Logistics, and Marketing Cloud solutions for the convenience retail and petroleum wholesale industries company that acquired Zipline for an undisclosed amount. This acquisition strengthens the PDI Marketing Cloud Platform giving businesses everything they need in a loyalty solution, including customer engagement tools, offers, insights, and integrated digital payments. Zipline is a US-based Logistics & Supply Chain company. North America was the largest region in the drone package delivery market in 2022. The regions covered in the drone package delivery market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the drone package delivery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The drone package delivery market includes revenues earned by entities by providing services such as on-demand drone delivery, and cargo delivery services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The drone package delivery market research report is one of a series of new reports from The Business Research Company that provides drone package delivery market statistics, including drone package delivery industry global market size, regional shares, competitors with a drone package delivery market share, detailed drone package delivery market segments, market trends and opportunities, and any further data you may need to thrive in the drone package delivery industry. This drone package delivery market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Delivery drones are unmanned aerial vehicles (UAVs) capable of carrying lightweight packages. Delivery drones are functioned independently or remotely, with controllers theoretically monitoring several drones at once. The main types of delivery drones are fixed wing drones, rotor drones, and hybrid drones. A fixed wing drone is a rigid structure that has a fixed position rather than moving up and down. The rotor drone is arranged with a tail rotor to control its heading. It is further divided into two types single rotor drone and multi rotor drone, and hybrid drones are a mix of both. These are used for delivery in e-commerce, quick-service restaurants (QSR), and healthcare sectors. The global delivery drones market is segmented - 1) By Drone Type: Fixed Wing Drones, Rotor Drones, Hybrid Drones 2) By Payload: Less than 2 kg, 2–5 kg, More than 5 kg 3) By Application: E-commerce, Quick-service Restaurants (QSR), Healthcare, Others The global delivery drones market size grew from $1.45 billion in 2022 to $1.68 billion in 2023 at a compound annual growth rate (CAGR) of 16.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The delivery drones market size is expected to grow to $4.35 billion in 2027 at a CAGR of 26.8%. The increase in demand for drone deliveries during COVID-19 contributed to the growth of the delivery drones market. During COVID-19, contactless distribution expanded, and drones play a crucial role in ensuring the companies and clients contact as little as needed. Drones were heading to the sky in massive numbers during the pandemic to bring vital goods and drugs to the population in lockdown. In 2020, Alphabet's drone delivery company Wing has seen significant growth in demand as individuals comply with social distancing guidelines during the COVID-19 outbreak. Many individuals have been using the service in recent months as the COVID-19 pandemic continues, and Wing found that between February 2020 and April 2020, in Australia, the use of its service increased by 500%. Therefore, the increasing demand for drone deliveries during COVID-19 drives the growth of the delivery drones market. Major players in the delivery drone market are Airbus SE, DJI Technology Co. Ltd., Flirtey, EHANG, Zipline, Uber Technologies Inc., United Parcel Service of America Inc., Alibaba Group Holding Ltd., Deutsche Post AG, Skycart, FedEx Corporation, Amazon, Wing Aviation LLC, Skycatch, Inc., JD.com, Matternet Inc., and The Boeing Company. The high cost of drone deliveries is expected to impede the growth of the delivery drones market over the coming years. Delivery drones or unmanned aerial vehicles are unmanned aircraft delivering items to a specified location. These are costly because of all the modern technologies that are required to enable them to fly longer, safer and avoid hurdles. For example, the amount United Parcel Service (UPS) charges to customers is $12.92, but the real average price of shipping one product along a path they are already delivering is around $2. Therefore, the high cost of drone deliveries hampers the growth of the delivery drones market. Growing technological advancements are shaping the delivery drones market. Over the past few years, drones have become extremely prevalent as many individuals and organizations are completely accepting and incorporating this technology into their business models. For instance, in May 2022, Skyway, a US-based navigation service provider to urban air mobility (UAM) partnered with Zing Drone Delivery, a US-based drone delivery solutions firm to introduce first-ever food delivery by an advanced drone in Montverde, Florida, the USA. Skyway also started low-altitude weather services with its navigation services to enable safe delivery. This drone delivery offered time savings, efficiency, and convenience for users. In December 2021, Delhivery, an Indian logistics and supply chain company acquired Transition Robotics Inc for an undisclosed amount. The acquisition is part of Delhivery’s efforts towards starting drone delivery in India. Transition Robotics Inc is an American developer of drone or unmanned aerial system (UAS) platforms. North America was the largest region in the delivery drones market in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the delivery drone market share report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the delivery drones market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The delivery drones market consists of sales of drones with various types of rotors as well as fixed-wing hybrid drones for small delivery operations. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The delivery drones market research report is one of a series of new reports from The Business Research Company that provides delivery drones market statistics, including delivery drones industry global market size, regional shares, competitors with a delivery drones market share, detailed delivery drones market segments, market trends and opportunities, and any further data you may need to thrive in the delivery drones industry. This delivery drones market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Drone services, also referred to as unmanned aerial vehicle (UAV) services are centered on flying robots that may be commanded remotely or operated autonomously utilizing software-controlled flight plans in their embedded devices. The main types of drone servicing or repair are drone platform service, MRO, training, and education. The drone platform service companies are engaged in providing global distribution, easy monetization, and partner integrations services. Platform service for drones develops, expands, and monetizes the apps using drone deploy capability. It includes different solutions such as enterprise solutions, and point solutions and provides short-duration service, long duration service. It is used in aerial photography and remote sensing, data acquisition and analytics, mapping and surveying, 3D modelling, inspection and environmental monitoring, and others and is employed in various sectors such as oil and gas, agriculture, logistics, media and entertainment, and utility and power, others. The global drone servicing/repair market is segmented - 1) By Type: Drone Platform Service, MRO, Training And Education 2) By Duration of Service: Short Duration Service, Long Duration Service 3) By Solution: Enterprise Solutions, Point Solutions 4) By Application: Aerial Photography And Remote Sensing, Data Acquisition and Analytics, Mapping And Surveying, 3D Modeling, Inspection And Environmental Monitoring, Other Applications 5) By End Use Industry: Oil And Gas, Agriculture, Logistics, Media And Entertainment, Utility And Power, Other End Use Industries The global drone servicing/repair market size will grow from $13.14 billion in 2022 to $19.82 billion in 2023 at a compound annual growth rate (CAGR) of 50.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global drone servicing/repair industry is expected to grow to $101.03 billion in 2027 at a CAGR of 50.3%. The growing adoption of precision agriculture practices is expected to drive the growth of the drone servicing or repair market in the coming years. Precision farming is a farming management approach that emphasizes the use of contemporary technology at all stages of the process. Precision farming technologies enable the identification of heterogeneous zones as well as the management of the variability that comes with a varied field. Drones are becoming more significant in precision farming, allowing farmers to lead the way in environmentally friendly farming practices while also safeguarding and growing profits. For instance, precision agricultural techniques, which can aid farmers in making better decisions, have advanced greatly in recent years, with the global industry expected to reach $43.4 billion by 2025. Therefore, the growing adoption of precision agriculture practices propels the growth of the drone servicing or repair market. Major players in the drone servicing/repair market are Airware, Cyberhawk Innovations Ltd., Terra Drone Corporation, Sky-Futures Ltd., Prioria Robotics Holdings Inc., Sharper Shape Inc., Sensefly Ltd., Phoenix Drone Services, Dronedeploy, Unmanned Experts Inc., Identified Technologies, The Sky Guys, Skylark Drones Private Limited, and Edall Systems. The growing technological advancements are an emerging trend in the drone servicing or repair market. Major companies operating in the drone servicing or repair sector are focused on developing technological solutions for drone services to strengthen their position. For instance, in August 2021, Qualcomm Technologies Inc., a US-based provider digital wireless telecommunication products and service, unveiled Qualcomm Flight RB5 5G Platform, the world's first drone platform and reference design with 5G and AI functionality. Based on Qualcomm Technologies' latest IoT offerings, the Qualcomm Flight RB5 5G Platform delivers high-performance, low-power, 5G drones powered by Qualcomm QRB5165 processors. A broad range of sectors are supported by the Qualcomm Flight RB5 5G Platform, including film and entertainment, security, emergency response, delivery, defense, inspection, and mapping. In January 2021, AgEagle Aerial Systems Inc., a US-based drone systems and solutions provider acquired MicaSense, Inc., from Parrot for $23 million. This acquisition will empower AgEagle to drive true innovation and advancements of commercial drone systems and solutions for several high-growth industry segments. MicaSense, Inc., is a US-based provider of high-quality drone-based cameras to a global market. North America was the largest region in the drone servicing/repair market in 2022. Europe was the second-largest region in the drone servicing/repair market. The regions covered in the drone servicing/repair market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the drone servicing/repair market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The drone services market includes revenues earned by entities by providing services such as drone repair, drone training courses, package delivery by drones, drone advertising, and marketing. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The drone servicing/repair market research report is one of a series of new reports from The Business Research Company that provides drone servicing/repair market statistics, including drone servicing/repair industry global market size, regional shares, competitors with a drone servicing/repair market share, detailed drone servicing/repair market segments, market trends and opportunities, and any further data you may need to thrive in the drone servicing/repair industry. This drone servicing/repair market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

A drone battery refers to the power system of a drone that allows the drone to fly high and runs the drone’s onboard systems. The main types of drones in the drone battery market are medium altitude long endurance (MALE), high altitude long endurance (HALE), tactical, and small. Medium altitude long endurance (MALE) is a UAV or drone that flies at an altitude of 10000 to 30000 feet for the duration of 24 to 48 hours of time. The different components include cell, BMS, enclosure, and connector, and involve various battery types such as fuel cells, lithium-ion, lithium-polymer, and nickel-cadmium. The different functions include special-purpose drones, passenger drones, inspection, and monitoring drones, surveying and mapping drones, agriculture drones, cargo air vehicles, and others, and is used by commercial, military, government and law enforcement, and other end users. The global drone battery market is segmented - 1) By Component: Cell, BMS, Enclosure, Connector 2) By Battery: Fuel Cell, Lithium-Ion, Lithium-Polymer, Nickel Cadmium 3) By Drone Type: Medium Altitude Long Endurance (MALE), High Altitude Long Endurance (HALE), Tactical, Small 4) By Function: Special Purpose Drones, Passenger Drones, Inspection And Monitoring Drones, Surveying And Mapping Drones, Agriculture Drones, Cargo Air Vehicles, Other Functions 5) By End-User: Commercial, Military, Government and Law Enforcement, Other End Users The global drone battery market size grew from $4.01 billion in 2022 to $4.94 billion in 2023 at a compound annual growth rate (CAGR) of 23.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global drone battery is expected to grow to $10.29 billion in 2027 at a CAGR of 20.1%. The increase in the adoption of drones for commercial and defense applications is expected to propel the growth of the drone batteries market going forward. The adoption of drones for commercial and defense applications is required to detect threats, identify risk-prone areas of remote locations, conduct reconnaissance missions, track illegal activities, and to control crime. For instance, according to Goldman Sachs, a US-based Investment banking company, the drone sector is expected to reach $100 billion by 2022. Therefore, the increasing adoption of drones for commercial and defense applications drives the growth of the drone battery market. Major players in the drone battery market are Amperex Technology Limited, Skydio, Yuneec International, SolidEnergy Systems, Genspow GmbH, H3 Dynamics, Plug Power, Epsilor, Shenzhen Grepow Battery Co. Ltd., Eagle Picher, RRC Power Solutions GmbH, Proflight Zambia, Amicell-Amit Industries Limited, Uvify Inc., and GensAce. Strategic partnerships have emerged as the key trend gaining popularity in the drone batteries market. Major companies operating in the drone batteries sector are focused on partnerships to meet consumer demand and strengthen their position. For instance, in March 2021, Axon, a US-based provider of electronic control devices, partnered with Skydio, a US-based drone manufacturer. Through this partnership, Skydio's autonomous drones will be available to law enforcement and emergency services through Axon's unmanned aircraft program, Axon Air. Furthermore, in November 2020, AggieAir, a Utah State University, partnered with Arctech Charge, a US-based company operating in drone batteries. This collaboration intends to develop crucial technology for drone battery charging and life extension, as well as other novel ways to charge and manage drone fleet batteries for the viability and sustainability of any drone operation. In October 2020, Honeywell, a US-based company operating in drone batteries, acquired Ballard power systems for an undisclosed amount. With this acquisition, the companies committed to a long-term strategic collaboration to use both companies' expertise in fuel cell technology and leadership in aerospace. Ballard is a US-based company that makes proton exchange membrane fuel cell products that power unmanned aerial aircraft (UAS). North America was the largest region in the drone battery market in 2022. North America is expected to be the fastest-growing region in the drone battery market share during the forecast period. The regions covered in the drone battery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the drone battery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The drone battery market consists of sales of rechargeable batteries for drones. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The drone battery market research report is one of a series of new reports from The Business Research Company that provides drone battery market statistics, including drone battery industry global market size, regional shares, competitors with a drone battery market share, detailed drone battery market segments, market trends and opportunities, and any further data you may need to thrive in the drone battery industry. This drone battery market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Drone insurance is the insurance that covers the costs associated with accidental bodily harm or damage caused to property or any assets due to drone operations. The drone insurance also covers the cost associated with damage in drones. The drone insurance provides insurance coverage for drones. The drone insurance market covered in the report is segmented by coverage type into liability coverage, hull damage, theft coverage, loss or flyaway coverage, payload coverage, personal injury coverage, ground equipment coverage, and others, by pricing into hourly, monthly, annually, by application into commercial, personal, others. The global drone insurance market is segmented - 1) By Coverage Type: Liability Coverage, Hull Damage, Theft Coverage, Loss or Flyaway Coverage, Payload Coverage, Personal Injury Coverage, Ground Equipment Coverage, Other Coverage Types 2) By Pricing: Hourly, Monthly, Annually 3) By Application: Commercial, Personal, Other Applications The global drone insurance market size will grow from $1.22 billion in 2022 to $1.31 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global drone insurance is expected to grow to $1.81 billion in 2027 at a CAGR of 8.4%. The increasing number of drone accidents is expected to drive the growth of the drone insurance market over the coming years. Drones are currently engaged in a variety of sectors that rely on aerial imagery, such as agriculture, insurance, manufacturing, electricity and others. As drones become more and more prominent, the risks of a catastrophic crash happening are increasing. According to Injury Justice Law Firm, a California-based organization, in 2020, two drone-to-helicopter collisions occurred in California, one involving an LAPD helicopter and the other recording an off-road race in Southern California. Additionally, two military drone helicopter crashes happened in Southern California in 2020. Therefore, the increasing number of drone accidents drives the growth of the drone insurance market. Major players in the drone insurance market are Allianz Global Corporate & Specialty, AIG US, Avion Insurance, Driessen Assuradeuren, Coverdrone, SkyWatch.AI, Flock, CapriCMW Insurance Services Ltd., Hub International, and Air1 Insurance. The high cost of drone insurance is expected to hamper the growth of the drone insurance market in the coming years. Drone Insurance provides coverage under technical liability and general liability insurance categories. The cost of drone insurance relies on the price of each piece of drone equipment. For example, in 2020 commercial insurance plans vary from $500 to $750 for DJI Phantom drones. Therefore, the high cost of drone insurance limits the growth of the drone insurance market. The launch of different and innovative insurance products is a major trend gaining popularity in the drone insurance global market. Major companies operating in the drone insurance sector are focusing on developing advanced solutions for drone insurance. For instance, in June 2020, India-based insurer HDFC ERGO collaborated with TropoGo, a broad tech start-up, to introduce Pay as you fly insurance for drone operators in India. This insurance policy can include coverage for commercial drone owners and users for third-party liability actions for property damages and bodily injury. North America was the largest region in the drone insurance market in 2022. The regions covered in the global drone insurance market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the drone insurance market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The drone insurance market includes revenues earned by entities by cyber liability and commercial property insurance The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The drone insurance market research report is one of a series of new reports from The Business Research Company that provides drone insurance global market statistics, including drone insurance industry global market size, regional shares, competitors with a drone insurance global market share, detailed drone insurance global market segments, market trends and opportunities, and any further data you may need to thrive in the drone insurance industry. This drone insurance market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Lessor of Non-financial intangible assets refer to those individuals or organizations that lease out assets which are intangible in nature, such as patent rights and trademarks, brand names for which a royalty payment or licensing fee is paid to them. The main types of lessors of nonfinancial intangible assets are oil royalty companies, patent owners, and lessors. In the oil and gas sector, royalty property refers to the ownership of a share of a resource or the money it generates. A firm or individual who holds a royalty interest is not responsible for any of the resource's operational costs, but they do own a piece of the resource or the revenue it generates. The different modes include online and offline. The global lessors of nonfinancial intangible assets market is segmented - 1) By Type: Oil Royalty Companies, Patent Owners And Lessors 2) By Mode: Online, Offline The global lessors of nonfinancial intangible assets market size will grow from $555.64 billion in 2022 to $610.72 billion in 2023 at a compound annual growth rate (CAGR) of 9.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of lessors of nonfinancial intangible assets market is expected to grow to $886.4 billion in 2027 at a CAGR of 9.8%. The rise in nonfinancial intangible assets such as such as trademarks, patents, brand names, franchise and agreements drive the lessors of the nonfinancial intangible assets market. The growth in nonfinancial intangible assets increases the demand for lessors of the nonfinancial intangible assets market. For example, in 2020, the global patent filing showed a 1.6% growth, while trademark and industrial design filing activity grew by 13.7% and 2%, respectively over the previous year. In terms of volume, patent filings around the world numbered 3.3 million, trademark filing activity 17.2 million and industrial design filing activity 1.4 million. Applications for utility models, a special form of patent right, grew by 28.1% over the previous year to reach 3 million applications in 2020. Therefore, rise in nonfinancial intangible assets is expected to contribute to the growth of the lessors of the nonfinancial intangible assets market. Major companies in the lessors of the nonfinancial intangible assets market report are McDonald's, Koninklijke Ahold Delhaize N.V, Subway, 7-Eleven, and Yum! Brands, Restaurant Brands International Inc., Hilton Worldwide Holdings, Domino's Pizza, Hyatt Hotels Corporation, and Wyndham Worldwide Corp. A large number of companies are investing in research and development and are trying to make patent leasing a major source of their revenue. These companies are investing in niche areas and are seeking a high return on their investments in research and development. Patent owners are licensing their patents to both direct competitors and companies in related industries with most of them creating a new subsidiary unit focused on making money on those assets. Qualcomm, Ericsson, and other companies with significant intellectual-property assets are making their patent portfolios a major source of revenue. Similarly, Qualcomm turned out its intellectual-property business into a separate business unit. North America was the largest region in the lessors of the nonfinancial intangible assets market in 2022. Asia-Pacific was the second-largest region in the lessors of the nonfinancial intangible assets market share. The regions covered in the lessors of nonfinancial intangible assets market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the lessors of nonfinancial intangible assets market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The lessors of the nonfinancial intangible assets market consist of revenues earned by entities that provide nonfinancial intangible assets including rights to assets such as brand names, and franchise agreements for which a royalty payment or licensing fee is paid to the asset holder. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The lessors of nonfinancial intangible assets market research report are one of a series of new reports from The Business Research Company that provides lessors of nonfinancial intangible assets market statistics, including lessors of nonfinancial intangible assets industry global market size, regional shares, competitors with lessors of nonfinancial intangible assets market share, detailed lessors of nonfinancial intangible assets market segments, market trends and opportunities, and any further data you may need to thrive in the lessors of nonfinancial intangible assets industry. This lessors of nonfinancial intangible assets market research report deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Voluntary health organizations are engaged in raising funds for health-related research such as disease prevention (heart disease, cancer, diabetes, and others), health education, and patient services. Voluntary health agencies are non-profit organizations with the aim of combating a specific disease, disability, or set of diseases and disabilities or improving and protecting the health of a certain group of people. The main types of organizations in voluntary health organizations are multilateral organizations, bilateral single government agencies, and non-governmental organizations. The multilateral organization is funded by three or more nations to work on issues that affect all of the countries involved. The various mode of operation involves online donation and offline donation. The different organization locations include domestic and international. The global voluntary health organizations market is segmented - 1) By Mode Of Donation: Online Donation, Offline Donation 2) By Organization Type: Multilateral Organizations, Bilateral Single Government Agency, Non-governmental 3) By Organisation Location: Domestic, International The global voluntary health organizations market size will grow from $40.37 billion in 2022 to $42.61 billion in 2023 at a compound annual growth rate (CAGR) of 5.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global voluntary health organizations is expected to grow to $51.39 billion in 2027 at a CAGR of 4.8%. Increased voluntary contributions are expected to drive the demand for the voluntary health organizations market. Voluntary health organizations generate their revenue primarily from voluntary contributions from the general public, which are to be used for general or specific purposes that are connected with health, welfare, or community services. For instance, the total voluntary contributions to UNICEF in 2020 exceeded $7 billion. The public sector, including government, inter-governmental, inter-organizational partners, and Global Program Partnerships contributed the largest share, $5.45 billion to UNICEF in 2020. Therefore, a growing number of voluntary contributions from the general public are predicted to fuel the demand for the voluntary health organizations market growth. Major players in the voluntary health organizations market are Mercy Ships, American Heart Association, Angelwood, Valley Aids Council, March of Dimes, Amyotrophic Lateral Sclerosis Association, American Lung Association, Muscular Dystrophy Association, Center Industries, AccessCNY, American College Of Cardiology Foundation, American Diabetes Association, Arizona Partnership For Immunization, Arc Of Nepa, Acadiana Concern For Aids Relief, Mains'l California, Maui Family YMCA, Parkview Huntington Family, and Young Men's Christian Association. High administrative costs associated with voluntary health organizations are limiting the growth of the voluntary health organizations market. Voluntary health organizations require funds to keep their organization running. A percent of the amount received through funding is spent on staff, IT services (associated with proper infrastructure and operations), building utilities, legal services, other office supplies, and maintenance. Each organization allocates a percentage to administrative costs. According to the Center for American Progress's press release, in the USA, the administrative spending for non-profit institutions was 25% of the total spending of the institution. However, in some cases, the high administrative costs indicate fraud or unwarranted expenditures by some organizations. Most donors would prefer to see their philanthropic donations go directly to an organization’s core mission, rather than to administrative expenses, and such high and unwarranted expenditures would affect their willingness to donate. Therefore, the high administrative costs associated with voluntary health organizations are likely to hinder the voluntary health organizations market growth. Asia-Pacific was the largest region in the voluntary health organizations market in 2022. North America was the second largest region in the global voluntary health organizations market analysis. The regions covered in the global voluntary health organizations market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the voluntary health organizations market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The voluntary health organization market consists of revenues earned by entities that are engaged in raising funds for health-related research such as heart, cancer, diabetes prevention, health education, and patient services. Voluntary health organizations include establishments such as disease awareness fundraising organizations, health research fundraising organizations, and voluntary health organizations. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The voluntary health organizations market research report is one of a series of new reports from The Business Research Company that provides voluntary health organizations market statistics, including voluntary health organizations industry global market size, regional shares, competitors with a voluntary health organizations market share, detailed voluntary health organizations market segments, market trends and opportunities, and any further data you may need to thrive in the voluntary health organizations industry. This voluntary health organizations market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Services refer to transactions between a buyer and a seller without transferring any physical goods or commodities, involving the use of resources, experience, skill, ingenuity, and intelligence. It mainly involves the use of resources, experience, skill, ingenuity, and intelligence. The main types of services include Civic Services, Real Estate, Leasing, Commercial Services, Personal Services, and Repair and Maintenance. Civic service is defined as a structured period of significant engagement and commitment to the local, national, or international community that is acknowledged and recognized by society, with little or no monetary recompense to the individual. The components including hardware, software, and service. The different modes include online and offline. The global services market is segmented - 1) By Type: Civic Services, Real Estate, Leasing, Commercial Services, Personal Services, Repair and Maintenance 2) By Component: Hardware, Software, Service 2) By Mode: Online, Offline Subsegments Covered: Religious Organizations, NGOs And Charitable Organizations, Political Organizations, Unions And Associations, Real Estate Rental, Real Estate Agency and Brokerage, Automotive Equipment Leasing, Consumer Goods And General Rental Centers, Machinery Leasing, Lessors Of Nonfinancial Intangible Assets, Office Administrative Services, Facilities Support Services, Employment Services, Business Support Services, Travel Arrangement And Reservation Services, Waste Management And Remediation Services, Investigation And Security Services, Services to Buildings And Dwellings, Other Support Services,, Personal Care Services, Death Care Services, Dry-Cleaning And Laundry Services, Other Personal Services, Private Household Services, Automotive Repair and Maintenance, Commercial and Industrial Machinery and Equipment Repair and Maintenance, Electronic and Precision Equipment Repair and Maintenance, Personal Goods Repair And Maintenance The global services market size will grow from $13,978.41 billion in 2022 to $15,223.84 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of services market is expected to grow to $20,650.56 billion in 2027 at a CAGR of 7.9%. Rapid advances in technology are expected to drive innovation in different sectors of the services industry, thus driving the market during the forecast period. Areas of rapid technological change included electronic equipment, automobiles, and electronics, which in turn will lead to an increase in services for that equipment. Furthermore, technologies such as 3D printing, artificial intelligence, and big data analytics are increasingly being used, resulting in higher productivity, lower operating costs, and higher margins. Lower operating costs lead to higher margins, this allows companies to increase product portfolio and enter new markets by making investments made through cost savings. IoT applications are also being integrated into services to enable services such as remote monitoring, and central feedback systems, and to offer other services. These factors are expected to drive the services market going forward. Major companies in the services market report include BCD Travel, Enterprise Holdings Inc., Randstad Holding NV, Adecco Group, Travel Leaders Group, TUI Group, Recruit Holdings, ManpowerGroup Inc., Berkshire Hathaway Inc., and Waste Management Inc. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the services market in 2020 as the need for services offered by these establishments declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China, and spread globally including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of 'lockdown' and the outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the services market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. With companies focusing on core business operations, automated billing systems are widely being used to minimize billing errors and reduce costs. Automated systems generate and send electronic copies of invoices directly to customers. Automated billing systems can result in savings of 60-80% compared to traditional paper-based billing systems. Automated billing systems also enable tracking of unpaid bills, automating payment reminders and recurring invoices, managing discounts, and coupons, and creating of customized invoices. These systems also generate real-time reports on sales, orders, and budgets that help track business performance. Some of the popular automated billing systems include Zoho Invoice, QuickBooks, Invoice2go, and Intacct. Asia-Pacific was the largest region in the services market in 2022. North America was the second-largest region in the services market share. The regions covered in the services market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the services market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The services market consists of revenue earned by entities by providing services to equipment and machinery repairing, promoting or administering religious activities, grant making, advocacy, and providing dry-cleaning and laundry services, personal care services, death care services, pet care services, photofinishing services, and temporary parking services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The services market research report is one of a series of new reports from The Business Research Company that provides services market statistics, including services industry global market size, regional shares, competitors with a services market share, detailed services market segments, market trends, and opportunities, and any further data you may need to thrive in the services industry. This services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.