In-Store Drone Trends and Forecast
The future of the global in-store drone market looks promising with opportunities in the stock & inventory management, real estate planning, photography marketing, and study consumer behavior markets. The global in-store drone market is expected to grow with a CAGR of 8.2% from 2024 to 2030. The major drivers for this market are increasing demand for automation in retail inventory management and growing demand for fast and reliable delivery in e-commerce sector.
• Lucintel forecasts that fixed wing drone is expected to witness the higher growth over the forecast period.
• Within this market, stock & inventory management is expected to witness the highest growth.
• North America is expected to witness highest growth over the forecast period.
United States: Walmart, a major U.S. retailer, announced plans to expand its in-store drone usage to more locations nationwide. The initiative aims to enhance inventory management and improve operational efficiency in Walmart stores. The U.S. Federal Aviation Administration (FAA) issued guidelines for the safe operation of in-store drones in retail environments. The guidelines provide retailers with regulatory clarity and promote the responsible use of drone technology in stores.
India: Reliance Retail, one of IndiaÄX%$%Xs largest retail chains, piloted in-store drone technology in select stores to automate inventory tracking and management processes. The company aims to improve store efficiency and reduce operational costs through drone automation. The Indian government announced initiatives to support the adoption of drone technology in retail operations, including subsidies and tax incentives for retailers investing in drone infrastructure. The incentives are part of IndiaÄX%$%Xs efforts to promote innovation and technology adoption in the retail sector.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
In-Store Drone by Segment
The study includes a forecast for the global in-store drone by type, application, and region.
In-Store Drone Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Fixed Wing Drone
• Rotary Wing Drone
In-Store Drone Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Stock & Inventory Management
• Real Estate Planning
• Photography Marketing
• Study Consumer Behavior
• Others
In-Store Drone Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of In-Store Drone Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies in-store drone companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the in-store drone companies profiled in this report include-
• Fedex Corporation
• Microsoft Corporation
• Apple
• International Business Machines
• General Electric Company
Recent Development in the In-Store Drone Market
Walmart: Walmart has been at the forefront of utilizing in-store drones for various purposes, including inventory management and customer service. The company has piloted drone technology in select stores to automate tasks such as shelf scanning and restocking. In a recent announcement, Walmart revealed plans to expand its use of in-store drones to more locations, aiming to improve operational efficiency and enhance the shopping experience for customers. The initiative underscores WalmartÄX%$%Xs commitment to leveraging innovative technologies to streamline store operations.
Amazon: Amazon has been exploring the use of in-store drones as part of its vision for cashierless stores and automated retail experiences. The company has developed drone prototypes capable of navigating store aisles and assisting customers with product selection and checkout processes.Amazon has filed patents for various in-store drone applications, including inventory tracking, product delivery, and customer assistance. The e-commerce giant aims to revolutionize the retail industry by integrating drone technology into its physical stores, offering seamless and frictionless shopping experiences.
Target: Target has experimented with in-store drones to enhance inventory accuracy and speed up the replenishment process. The company has deployed drones equipped with cameras and sensors to conduct aerial scans of shelves and identify out-of-stock items or misplaced products. Target has reported positive results from its in-store drone trials, citing improvements in inventory visibility and stock management. The retailer plans to further invest in drone technology to optimize its supply chain operations and ensure shelves are consistently well-stocked to meet customer demand.
Alibaba: Alibaba has been exploring the use of in-store drones in its futuristic Hema supermarkets, known for their innovative blend of online and offline retail experiences. The company has deployed drones for tasks such as monitoring store cleanliness, delivering goods to customers, and providing aerial displays for promotional events.Alibaba envisions in-store drones as integral to its vision of "New Retail," where technology seamlessly integrates online and offline commerce to create a more convenient and personalized shopping environment. The e-commerce giant continues to invest in drone research and development to unlock new capabilities and applications in its retail operations.
Features of the Global In-Store Drone Market
Market Size Estimates: In-store drone market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: In-store drone market size by type, application, and region in terms of value ($B).
Regional Analysis: In-store drone market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the in-store drone market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the in-store drone market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for in-store drone market?
Answer: The global in-store drone market is expected to grow with a CAGR of 8.2% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the in-store drone market?
Answer: The major drivers for this market are increasing demand for automation in retail inventory management and growing demand for fast and reliable delivery in e-commerce sector.
Q3. What are the major segments for in-store drone market?
Answer: The future of the in-store drone market looks promising with opportunities in the stock & inventory management, real estate planning, photography marketing, and study consumer behavior markets.
Q4. Who are the key in-store drone market companies?
Answer: Some of the key in-store drone companies are as follows:
• Fedex Corporation
• Microsoft Corporation
• Apple
• International Business Machines
• General Electric Company
Q5. Which in-store drone market segment will be the largest in future?
Answer: Lucintel forecasts that fixed wing drone is expected to witness the higher growth over the forecast period.
Q6. In in-store drone market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the in-store drone market by type (fixed wing drone and rotary wing drone), application (stock & inventory management, real estate planning, photography marketing, study consumer behavior, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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