CLEVELAND, July 27, 2016 /PRNewswire/ -- The Freedonia Group published a blog post detailing how interest in drones from the retail sector is growing rapidly.
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The blog explains that competitive pressures push retailers and distributors to develop new ways to make their supply chains more efficient, to automate warehouses, and to reduce delivery costs. Walmart, the nation's largest retailer, recently announced plans to use drones for inventory management in its warehouses. Amazon, the nation's largest internet retailer, is researching the use of drones to deliver packages to consumers. Global e-commerce giant Alibaba is testing delivery drones in China while DHL is already using drones to deliver packages in Germany.
According to the Drones study, demand for unmanned aerial vehicles (UAVs), or drones, in the US is projected to rise 10 percent annually to $4.4 billion in 2020, and the number of vehicles sold will more than double to 5.5 million. There are currently two major markets for unmanned aerial systems (UAS): the military market, which accounts for the vast majority of demand in dollar terms, and the consumer market, which accounts for over 99 percent of all units sold.
More information about the study can be accessed here:
About The Freedonia Group – The Freedonia Group, a division of MarketResearch.com, is a leading international industrial research company publishing more than 100 studies annually. Since 1985 we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Each study includes product and market analyses and forecasts, in-depth discussions of important industry trends, market share information and profiles of the leading industry players. Reports can be purchased at www.freedoniagroup.com and are also available on www.marketresearch.com and www.profound.com.
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SOURCE The Freedonia Group