Goldman Sachs predicts that a $100+ billion market opportunity for drones will exist until 2020 — and that’s not just for military usage. As the tech improves, and it’s progressing fast, drone safety and convenience will skyrocket.
Concerning the on-demand delivery industry, drones can tackle several challenges simultaneously. Drones are faster and can facilitate same-hour delivery: consumers can receive items in a matter of minutes. In addition to drastically cutting delivery times, they also slash costs, as they are far more efficient to operate than delivery bikes or other last-mile services. And if that isn’t enough, they are also far safer than traditional delivery options — reducing road congestion without being dependent on error-prone drivers.
Moreover, drones are 100% electric, therefore they substantially reduce emissions. A new study published Tuesday in Nature Communications led by researchers at Lawrence Livermore National Laboratory and Carnegie Mellon University finds that using relatively small drones instead of diesel-burning delivery trucks could mean a reduction in both energy consumption and release of greenhouse gases that contribute to climate change.
The $100 billion market opportunity forecasted by Goldman Sachs is just the tip of the iceberg. Drones’ full economic potential is likely to be multiple times that number, as their ripple effects reverberate through the economy. And Dorado is perfectly set to be a part of this market.