Increasing demand for in-store drones for stock and inventory management applications such as check the stock availability, help in bringing new items when an item is running low, secure items far more quickly than a human, is estimated to fuel the growth of the in-store drones market during the forecast period.
In-store drones are offering various benefits such as increased performance, higher productivity, deep learning, image, and scene recognition with autonomous camera/sensors, and better end-user experience, among others. The in-store drones market is expected to enhance at a CAGR of 19.0% during the forecast period 2021-2031.
The most of the retailers are looking for efficient ways to automate in-store activities without incurring substantial cost, is one of the major factor that drives the demand for the in-store drones market. Growth in developments of BYOD and growth of AI robots demand will robust in-store drones market during the forecast period.
Frequent developments and the implementation of new technologies/software such as AI robots, IoT, AR and VR, and drones that can improve store efficiency and provide better consumer experience of the retail stores. In-store drones can capture pictures inside the store without obstructing the customers inside the store. Such major factors are creating opportunities for growth for the in-store drones market.
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During the COVID-19 crisis, in-store drones have a positive effect on the retail industry. The pandemic considerably offers various opportunities for the in-store drones market as it enables industries to provide efficient management of supplies, a better understanding of the customers, and thus increase profits for the retailers.
There is an increasing demand for drones in the retail sector that offers various applications such as real estate planning, photography marketing, and studying consumer behavior discreetly using in-store drones. The integration of technologies such as IoT, Big Data, Artificial Intelligence, and others can be expected to lead to the development of the in-store drones functionalities, with improved performance.
The US is one of the significant markets for in-store drones globally. North America is expected to capture a strong market share in terms of revenue, in the in-store drones owing to the rise in adoption of AR, computer vision, and in-store drones, and the presence of various in-store drones providers in the region.
Furthermore, the U.S. is the dominant country in the global in-store drones market accounting for around 15%-20% of the market share in 2021. The government of the U.S. and Canada are using these in-store drones in applications such as retail studies, scientific research, infrastructure, law enforcement, and retail management activities.
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The adoption of in-store drones is expected to rise significantly across retail industries across Europe. Demand for in-store drones is increasing due to the implementation of advanced in-store drone services and effectively manage in-store behaviors.
It offers various features such as 4K HD video recording, increasing work efficiency, and productivity, improving accuracy, decreasing workload and production costs. As per the report, Germany is recognized as a primary market and is anticipated to continue exhibiting high demand for in-store drones during the forecast period.
Some of the leading providers of in-store drones include,
- Amazon.com Inc.
- FedEx Corporation
- Microsoft Corporation
- Apple Inc.
- International Business Machines Corporation
- General Electric Company
- SZ DJI Technology Co. Ltd.
- Others.
The key providers and manufacturer of in-store drones partners with other companies in the market to drive out more quality and logical products in the market. It is generally seen to partner with companies who work with the necessary and latest technology, which would benefit the standard product of the company.
For instance, in March 2021, Multinational retail corporation Walmart has established a partnership with drone delivery service provider Zipline to trial a new service.
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Key Segments
By Type
- Fixed Wing Drones
- Rotary Wing Drones
By Application
- Stock and inventory management
- Real Estate Planning
- Photography Marketing
- Study Consumer Behavior
- Others
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Apr 02, 2019 (Heraldkeeper via COMTEX) -- Market Analysis:
With growing concern on Animal Nutrition, the feed yeast market is growing at an incremental pace of development on the global stage.
In addition to the increasing adoption of pet animals, growing awareness about the livestock health, rising concern on animal nutrition leading to growing demand for healthy meat and other livestock products and increasing compound feed consumption is expected to drive the feed yeast market.
Also, increased awareness of feed yeast due to regulations on antibiotic growth promoters, strong performance of livestock market along with low cost of feed yeast will result in surge in demand of feed yeast.
However, stringent regulatory framework for the livestock feed products, limited awareness and product availability in undeveloped regions, and environmental concern such as storage conditions will restrict the market growth.
The market players are responding to these new opportunities by expanding their service offerings/product lines, which has fueled up the share of feed yeast in the global market.
