Integration of Artificial Intelligence (AI) into drones is expected to accelerate growth of
delivery/shipping drones market
Integration of Artificial Intelligence into drones can enhance the performance of delivery
drones. Moreover, time spent in road navigation, traffic congestions and other forms of shipping
means can be considerably reduced by air transport. However, high cost associated with device
is may restrain growth of the market. Market players from shipping industry are involved in
evaluating the probability of the technology for its utilization and related benefits.
Regulatory restrictions on use of commercial drones are expected to hamper growth of the
market over the forecast period.
Stringent regulations that restrict the usage of UAVs under certain norms and conditions, such
as the Federal Aviation Administration (FAA) in U.S., are expected to hinder the industry growth
over the forecast period. It restricts the users through allowing the usage of UAVs only within
the line of sight and mandating the usability on only one drone at a time by a user. However,
the U.S. government has showcased interests in the development of the technology by allowing
Amazon and NASA to perform pilot projects
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Integrated cameras to enhance the surrounding awareness has resulted into privacy concerns
of the surrounding residents. Furthermore, liability issues in case of a crash or damage of any
sort is expected to pose a major challenge for growth of this market. This is expected to restrain
growth of delivery drones market over the forecast period.
Major players operating in shipping drones market include Airware, DJI, Skycatch, 3D robotics,
senseFly, AeroVironmenment, and Elbit Systems.