The Motley Fool Canada Investing This Is The Next Big Industry: Meet The Top Companies Now
Jed Lloren | 21st. November 2020 | More on: FLT
The prospect of new industries is very exciting. In the late 1990s, the rise of the internet caused a boom in the stock markets. Then, in the mid-2000s, investors saw the rise of Apple. The electric vehicle (EV) market began to pick up pace in the late 2010s, and investors began to glimpse Tesla and other EV manufacturers.
There are many exciting industries that show promise in this decade. From the rise of telehealth to digital payments to e-commerce, investors can look forward to a lot in the years to come. However, there is an industry that is still in its infancy that investors should keep an eye on. This is the drone delivery industry.
In the mid-2000s, drones were developed for military applications. However, the prospect of using drones elsewhere has become very popular in recent years. A 2019 report estimated the global drone delivery market at that time at $ 530 million. The authors forecast a market size of 6 by 2026. $ 051 million. This corresponds to an average annual growth rate of 42% over this period.
Drone Delivery Canada (TSXV: FLT) is the leading provider of drone delivery services in Canada. The company has only just started reporting sales as investors have been patiently waiting for developments on this front over the past several years. Drone Delivery Canada has announced many partnerships in the past, particularly with Air Canada.
In early November, the two companies announced that they had plans to take e-commerce to the next level. While no details have been given, it certainly gives investors more hope for the future of this company. Drone Delivery Canada claims to be one of the most impressive drones used for commercial delivery. Its largest vehicle, the Condor, can handle payloads of up to 400 pounds and travel nearly 200 km.
All of this is still very speculative, of course, as the company must continue to operate at a high level to keep investors interested. Drone Delivery Canada shares rose as much as 75% from their lowest point this year. However, the stock has crashed since then and is still about 20% below its price at the beginning of the year. Drone Delivery Canada continues to offer investors a glimpse into what could be, but the company leaves even more to be desired.
Two international companies are leaders in the supply of drones. The first company to start commercial drone deliveries was JD. com. The company is an e-commerce giant in China with the world’s largest fleet of drones. While the company is unlikely to process shipments in Canada, its commitment to research and development should be commended.
Closer to home, Amazon is also working on its own drone delivery service. Amazon Prime Air is rapidly gaining traction as the company rushes to develop the program. The drone service was first introduced this year when the company announced FAA approval in August. The company is currently planning to deliver packages weighing up to five pounds with its fleet. Amazon has also provisionally set a maximum travel time of 30 minutes.
If this succeeds, it is sure to disrupt the delivery service industry as it opens up new avenues in the e-commerce and food delivery markets. The company has yet to indicate when the program will start. However, the Amazon website has plenty of information about the progress and priorities in the development of Prime Air. Other companies looking to have an impact on drone delivery service are UPS and Alphabet.
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John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Suzanne Frey, an executive at Alphabet, serves on the Board of Directors of The Motley Fool. The fool Jed Lloren owns shares in Apple and Tesla. David Gardner owns shares in Alphabet (A-Shares), Alphabet (C-Shares), Amazon, Apple and Tesla. Tom Gardner owns shares of Alphabet (A shares), Alphabet (C shares), JD. com and Tesla. The Motley Fool owns stocks of and recommends Alphabet (A shares), Alphabet (C shares), Amazon, Apple, JD. com and Tesla and recommends the following options: short calls in January 2022 for $ 1940 on Amazon and long calls in January 2022 for $ 1920 on Amazon.
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Unmanned aerial vehicle, Amazon Prime Air, Amazon. com, manufacturing, drone delivery, project
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