Adoption of drone technology is only expected to grow. In fact, analysts at Frost & Sullivan say drone adoption could grow from 2.44 million units in 2019 to 2.91 million by 2023, as reported by RIS News. Helping, major retailers are using them to delivery packages. For example, Amazon (NASDAQ:AMZN), Walgreens (NASDAQ:WBA), and Walmart (NYSE:WMT) are reportedly using them to drop off product. In fact, Walmart is delivering groceries, household items, and even pandemic test kits. The Federal Aviation Administration even cleared Amazon to make deliveries using drones.
UPS (NYSE:UPS) just announced connected drone delivery. Just this month, “Skyward, A Verizon company, and UPS Flight Forward today announced collaborative efforts to deliver retail products with drones connected to Verizon 4G LTE, as well as 5G testing and integration for delivery. The companies aim to deliver retail products via connected drones at The Villages in Florida,” as reported by Verizon.
Even Pizza Hut has plans to test drone delivery in Israel. “The Transportation Ministry is allowing Pizza Hut to trial the drone deliveries from only one restaurant in Bnei Dror in central Israel. The deliveries will be limited to a specified zone of around 50 square miles and will be capped at a relatively low weight,” as noted by Times of Israel.