In-Store Drones Market Size

The global in-store drones market is estimated to garner a significant revenue by the end of 2033 by growing at a CAGR of ~20% over the forecast period, i.e., 2023 – 2033. Further, the market generated a moderate revenue in the year 2022. The growth of the market can primarily be attributed to the growing retail sales worldwide.It was found that the total global retail sales accounted for more than USD 23 trillion in 2020.

A flying drone is an aircraft without a human pilot aboard, or in other words, an unmanned aerial vehicle (UAV). Drones are robots typically remotely controlled by a pilot, though fully autonomous drones are in the late stages of development. The drone itself is an aerial robot, with a small camera that acts as a set of "roving eyes". The drone is low-cost, very agile, and can be deployed easily. It can literally move within a few seconds to any aisle or portion of the store. In-store drones that buzz around scanning shelves to give retailers real-time inventory data and extract useful data, are one of the companies at the forefront of the retail revolution. The drone moves through the air and peers at the shelves. It is able to see the items on the shelf from many angles and perspectives. With the recent advancements in robotics along with its rising sales, the demand for in-store drones is on the rise amongst the retail establishments as well, which, in turn, is expected to create massive revenue generation opportunities for the key players operating in the global in-store drones market during the forecast period. For instance, the global sales of new robots in 2019 were estimated to be more than 370,000 units.