Inventory Management Drone Market Trends and Forecast
The future of the global inventory management drone market looks promising with opportunities in the logistics, distribution center, and general warehouse markets. The global inventory management drone market is expected to grow with a CAGR of 17.8% from 2024 to 2030. The major drivers for this market are risng need for real-time inventory data, growing demand for automating inventory tracking, and increase in demand for efficient inventory management solutions.
• Lucintel forecasts that fixed wing drone is expected to witness the higher growth over the forecast period.
• Within this market, logistics is expected to witness the highest growth.
• APAC is expected to witness highest growth over the forecast period.
United States: Company Initiative: PINC Solutions has introduced its PINC Air inventory management drones, which utilize advanced RFID and optical sensors to automate inventory tracking in warehouses. These drones aim to reduce labor costs and improve inventory accuracy. The U.S. government, through agencies like the Federal Aviation Administration (FAA), supports the integration of drones into commercial operations by establishing regulations and standards that promote safe and efficient drone usage in industries such as warehousing and logistics.
India: Company Initiative: FlytBase has developed autonomous drone systems tailored for inventory management in Indian warehouses. These drones use machine learning and computer vision to navigate and capture inventory data, aiming to automate inventory audits and improve accuracy. The Indian governmentÄX%$%Xs Digital Sky Platform and Drone Rules 2021 are part of broader efforts to promote the adoption of drone technology across various sectors, including logistics and warehouse management, to enhance operational efficiency.
China: Company Initiative: DJI has launched new industrial drones designed for inventory management applications. These drones are equipped with advanced sensors and AI capabilities to facilitate accurate and efficient inventory tracking in large warehouses and distribution centers. The Chinese governmentÄX%$%Xs Made in China 2025 initiative encourages the development and adoption of high-tech solutions, including drone technology, to modernize and improve efficiency in manufacturing and logistics sectors.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Inventory Management Drone by Segment
The study includes a forecast for the global inventory management drone by type, application, and region.
Inventory Management Drone Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Fixed Wing Drone
• Spiral Wing Drone
Inventory Management Drone Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Logistics
• Distribution Center
• General Warehouse
• Others
Inventory Management Drone Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Inventory Management 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 inventory management drone companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the inventory management drone companies profiled in this report include-
• Skydio
• Rawview
• Corvus Robotics
• Eyesee Drone
• Infinium Robotics
• Verity
• DJI
Recent Development in the Inventory Management Drone Market
PINC Solutions: PINC Solutions, a leading provider of digital yard and inventory management solutions, has introduced PINC Air, a new line of inventory management drones. These drones are equipped with advanced RFID and optical sensor technology to automate the counting and tracking of inventory in warehouses. PINC Air aims to reduce labor costs, improve inventory accuracy, and provide real-time visibility into stock levels. The initiative reflects PINC SolutionsÄX%$%X commitment to leveraging drone technology to enhance supply chain operations and efficiency.
FlytBase: FlytBase, a company specializing in intelligent automation solutions for drones, has developed autonomous drone systems designed for inventory management in warehouses. FlytBaseÄX%$%Xs drones utilize machine learning and computer vision algorithms to navigate indoor environments, scan barcodes, and capture inventory data. This initiative is aimed at automating inventory audits, reducing human intervention, and ensuring higher accuracy in inventory records. FlytBaseÄX%$%Xs innovation highlights the potential of AI-powered drones in transforming warehouse operations.
Verity AG: Verity AG, a Swiss company known for its autonomous indoor drone systems, has announced partnerships with major retail chains to deploy drones for inventory management. VerityÄX%$%Xs drones are designed to operate in complex retail environments, scanning shelves and capturing real-time data on product availability and stock levels. This initiative helps retailers maintain accurate inventory records, reduce out-of-stock situations, and optimize restocking processes. VerityÄX%$%Xs approach underscores the importance of automation in enhancing retail inventory management.
Aeriu: Aeriu, a startup focused on drone-based inventory management solutions, has introduced a cloud-based platform that integrates with drones to streamline warehouse operations. AeriuÄX%$%Xs system allows drones to autonomously scan and track inventory, uploading data to the cloud for real-time analysis and reporting. This initiative aims to improve inventory accuracy, reduce labor costs, and enhance overall warehouse efficiency. AeriuÄX%$%Xs solution is designed to be easily scalable, catering to warehouses of various sizes and complexities.
Ware: Ware, a company specializing in autonomous drone solutions for warehouse management, has developed AI-driven drones that perform inventory counting tasks. These drones are equipped with advanced sensors and AI algorithms to accurately count and track inventory, providing warehouse managers with up-to-date information on stock levels. WareÄX%$%Xs initiative focuses on reducing the time and labor involved in manual inventory audits, improving accuracy, and enabling more efficient warehouse operations. The company’s technology demonstrates the growing role of AI and automation in the logistics industry.
Features of the Global Inventory Management Drone Market
Market Size Estimates: Inventory management drone market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Inventory management drone market size by type, application, and region in terms of value ($B).
Regional Analysis: Inventory management 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 inventory management drone market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the inventory management drone market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for inventory management drone market?
Answer: The global inventory management drone market is expected to grow with a CAGR of 17.8% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the inventory management drone market?
Answer: The major drivers for this market are risng need for real-time inventory data, growing demand for automating inventory tracking, and increase in demand for efficient inventory management solutions.
Q3. What are the major segments for inventory management drone market?
Answer: The future of the inventory management drone market looks promising with opportunities in the logistics, distribution center, and general warehouse markets.
Q4. Who are the key inventory management drone market companies?
Answer: Some of the key inventory management drone companies are as follows:
• Skydio
• Rawview
• Corvus Robotics
• Eyesee Drone
• Infinium Robotics
• Verity
• DJI
Q5. Which inventory management 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 inventory management drone market, which region is expected to be the largest in next 5 years?
Answer: APAC 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 inventory management drone market by type (fixed wing drone and spiral wing drone), application (logistics, distribution center, general warehouse, 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?
For any questions related to Inventory Management Drone Market Market, Inventory Management Drone Market Market Size, Inventory Management Drone Market Market Growth, Inventory Management Drone Market Market Analysis, Inventory Management Drone Market Market Report, Inventory Management Drone Market Market Share, Inventory Management Drone Market Market Trends, Inventory Management Drone Market Market Forecast, Inventory Management Drone Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.