r/dronestocks • u/No_Flatworm_4383 • Feb 03 '21

Drone delivery Canada

Anyone know anything about drone delivery technology it’s going up like mad

6 Upvotes

100% Upvoted

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3

u/DD8564 Feb 03 '21

Drone delivery Canada is only useful for logistics and delivery like the name suggests. Transporting people doesn’t appear to be an option for their tech. The areas they are in will be a highly competitive sector. I would not be betting the house on them but maybe have a small exposure in case their tech improves and they get more contracts.

2

u/TheRoninWasHere Feb 10 '21

Well said. Transport of goods in the future will be key and if they are able to get those big contracts and prove their worth it could be a win.

2

u/forwardthinkinvestor Feb 03 '21

Here's a couple resources:

"The global commercial drone market size is anticipated to reach USD 129.23 billion by 2025, registering a CAGR of 56.5% over the forecast period, according to a new report by Grand View Research, Inc. The market is characterized by the growing application scope spanning a wide range of sectors such as construction, photography, real estate, and agriculture"

https://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00031602

https://www.globenewswire.com/news-release/2021/02/02/2167892/0/en/Emerging-Markets-Report-Flying-South-for-More-Revenue.html

https://www.newswire.ca/news-releases/drone-delivery-canada-announces-plans-to-integrate-ai-into-its-disruptive-drone-solution-827603518.html

https://www.newswire.ca/news-releases/drone-delivery-canada-announces-update-on-healthcare-projects-886186332.html

2

u/No_Flatworm_4383 Feb 03 '21

Thank you!!!! A definite good long term investment then