EbeneInfo – CA – It’s the Next Big Industry: Discover Key Companies Now

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The Motley Fool Canada »Investing» Here’s the Next Big Industry: Discover Key Companies Now

Jed Lloren | November 21, 2020 | Find out more: FLT

The prospect of new industries is very exciting In the late 90s, the rise of the Internet caused a boom in the stock market Then, in the mid-2000s, investors saw the rise of Apple The electric vehicle (EV) market started to gain momentum in the late 2010s, and investors got their first glimpse of Tesla and other EV makers

This decade there are many exciting industries showing a lot of promise From the boom in telehealth to digital payments and e-commerce, investors have a lot to look forward to in the years to come.However, there is one industry , which is still in its infancy, which investors should watch out for 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 530 million US dollars at the time The authors forecast a market size of 6,051 million US dollars by 2026 This represents a compound annual growth rate of 42% over this period

Drone Delivery Canada (TSXV: FLT) is the clear leader in drone delivery services in Canada The company has just started reporting its sales as investors have patiently waited for any development on this front over the past few years Drone Delivery Canada has announced numerous partnerships in the past, notably with Air Canada

In early November, the two companies announced that they plan to take e-commerce to the next level Although no details were given, it certainly gives investors more hope in the future of this society Drone Delivery Canada claims one of the most impressive drones used for commercial deliveries Its largest vehicle, the Condor, can handle payloads of up to 400 pounds and travel nearly 200 km

Of course, this is all still very speculative, as the company will have to continue to perform at a high level to retain investor interest. Drone Delivery Canada’s stock has increased 75% from its lowest level this year However, the stock has since slumped and is still around 20% below its start-of-year price Drone Delivery Canada continues to give investors a glimpse of what could be, but the company leaves even more to be desired

Two international companies lead the way in drone delivery The first company to start commercial deliveries using drones was JDcom The company is an e-commerce giant in China and has the largest drone fleet to the world While we are unlikely to see the company processing shipments in Canada, its dedication to research and development is to be commended

Closer to home, Amazon is also working on its own drone delivery service Amazon Prime Air is gaining momentum quickly, as the company rushes to expand the program The drone service was first unveiled times this year, the company having announced the FAA approval in August Currently, the company plans to use its fleet to deliver packages weighing up to five pounds Amazon has also tentatively placed a maximum travel time of 30 minutes

If successful, it is sure to disrupt the delivery services 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 begin ; however, there is quite a bit of information on the Amazon website regarding the progress and priorities in the development of Prime Air. Other companies looking to make an impact in the drone delivery service include UPS and Alphabet.

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John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of the board of directors of The Motley Fool Suzanne Frey, an executive at Alphabet, is a member of the board of The Motley Fool The silly contributor Jed Lloren owns shares of Apple and Tesla David Gardner owns shares of Alphabet (A shares), Alphabet (C shares), Amazon, Apple and Tesla Tom Gardner owns Alphabet (A shares), Alphabet (C shares) ), JDcom and Tesla The Motley Fool owns and recommends Alphabet (A-shares), Alphabet (C-shares), Amazon, Apple, JDcom and Tesla and recommends the following options: short calls January 2022 at $ 1940 on Amazon and long January 2022 calls at $ 1920 on Amazon

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Unmanned Aerial Vehicle, Amazon Prime Air, Amazoncom, Manufacturing, Delivery UAV, Project

EbeneInfo – CA – It’s the Next Big Industry: Check Out Key Companies Now

Source: https://www.fool.ca/2020/11/21/this-is-the-next-big-industry-learn-the-key-companies-now/

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