Wafer inspection equipment is fabrication system utilized for the detection of defects during the semiconductor wafer manufacturing processes. Increasing application of electronic semiconductor ICs in consumer electronics, industrial, automobile segments and related R&D activities is expected to drive the increased demands for the production. Requirement to maintain the quality of products and the client satisfaction is expected to remain the primary factor that would fuel the wafer inspection equipment market growth.

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Proliferation of wireless computing devices are expected to primarily contribute to the industry growth

Advanced wireless networking technologies such as 3G, 4G, Bluetooth, ZigBee, and wireless LAN have enabled fast and easy data transmission. Smartphones, tablets, wearables and sensors integrating these technologies have witnessed significant demand increase over the past few years. In conjunction with the demands for high level integration and development of new designs to provide support to multiple application on single platforms, intensive industry competition has led to increased demands for better quality and least defects in the semiconductor devices. Moreover, increasing demands for high performance chips for mission critical applications in industries and R&D activities will present considerable growth opportunities for the wafer inspection equipment market through the forecast period.

IoT, and digitization are the major trends expected to transform the globe, which would require semiconductor technologies as the basis of their framework. Smart connected TVs, vehicle automation, kitchen automation, smart city, smart grids, are among the many such IoT concepts that are expected to gain traction over the next few years. This will increase demand for the electronic product manufacturing, which will in turn fuel the wafer inspection equipment market growth.

Wafer Inspection Equipment Market Taxonomy

On the basis of technology, the global wafer inspection equipment market is classified into:

• E-beam
• Optical

On the basis of wafer type, the global wafer inspection equipment market is classified into:

• Unpatterned wafer
• Patterned wafer

On the basis of end user, the global wafer inspection equipment market is classified into:

• Integrated device manufacturers
• Memory manufacturers
• Foundries

Advent of 3D finFETs, NAND and advanced DRAMs technologies are expected to present considerable growth challenge to the industry growth

Optical and E-beam are complementary technologies that perform distinct operations in the workflow. optical has fast throughputs and finds great applications in the end use. On the other hand E-beam helps in detection of smallest defects, however the throughputs are low. Owing to these features, it finds substantial applications in R&D activities. Increasing demands for advanced computing and processing has led to development of 3D finFETs, NAND and advanced DRAMs, which requires the tools to assess complex structures. Wafer assessment on the scales below 10 nm is extremely difficult, and in case of overlooking of the smallest error can impact the end use. This is expected to be major industry growth challenge over the next coming years.

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Asia Pacific to be key growth engine of the wafer inspection equipment market

Asia Pacific is the largest hub for the electronic semiconductor manufacturing activities, driven by the extensive production demands specifically in the countries that include China, Taiwan, Japan and South Korea. Moreover, the region is also attributed with the presence of key electronic industry participants such as Samsung, Sony, Toshiba, Panasonic, among many others, which will help the region sustain its dominance over the next few years.

U.S. is expected to contribute to major industry share in the industry growth primarily owing to the major inclination of the users towards innovative technologies such as connected vehicles, industrial automation and other process automation. Moreover, the region is also characterized with the presence of major tech giants that include, Google, Tesla, Qualcomm, Texas Instruments, and GlobalFoundries among many others, which will provide consistent demands for the wafer inspection equipment market.

Key players in the wafer inspection equipment market include Applied Materials, Zeiss Global, Hermes Microvision (ASML), FEI (Thermo Fisher Scientific), KLA-Tencor, Hitachi High-Technologies, JEOL, Lasec Corporation, Lam Research, Nikon, Nanometrics, Planar Corporation, Tokyo Seimitsu, Rudolph Technologies, and Toray Engineering.

Transmission and distribution of electrical energy from power generating sources to user end requires step-up and step-down of voltages at different ends that necessitate the utilization of transformers at every stage. Moreover, requirement to reduce the transmission losses and short circuit in high voltage transmission, liquid-immersed transformers that have mineral oil as an electric insulating medium to act as an arc-quenching medium and provide optimum operational temperature range are expected to drive the industry growth through the forecast period.

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Increasing demands for electrical energy and proliferating energy generating capacities of renewable sources are expected to fuel the industry growth

According to International Energy Outlook 2016, by U.S. Energy Information Administration, world energy consumption is expected to witness surge of over 48% by 2040, with China and India accounting the major share of the increased demands. Moreover, increasing reliance on renewable fuels that include solar, wind, hydroelectric, and geothermal are among the major forms of energy to for on grid installations are expected to attract major demand. Requirement to step-up the voltage and transmit the electrical energy over the long distance range is expected to be the primary growth factor over the forecast period. Moreover, increasing kWh demands in conjunction with the increasing costs of space, specifically in the urban areas, will present substantial growth prospects for the liquid-immersed transformers market.

Liquid-Immersed Transformers Market Taxonomy

On the basis of dielectric fluids, the global liquid-immersed transformers market is classified into:

• Natural esters
• Synthetic esters
• Mineral oils
• Silicone oils

On the basis of application, the global liquid-immersed transformers market is classified into:

• Power transformers
• Distribution transformers
  • Residential
  • Commercial
  • Industries

Better performance characteristics such as long life cycles, low noises and smaller sizes are expected to garner higher consumer inclination

Most commonly used alternative products used in the all the major applications includes dry-type and pad-mounted transformers. However, other than low cost of the dry type alternatives, liquid immersed transformers are featured with longer operating lifecycles, minimal or no annual maintenance time and costs, no outages over its lifecycles, and enhanced safety against fire hazards. Increased power capacities also result in significant decline in the overall capital expenditure, owing to the economies of scale. Moreover, capability of the equipment to repairable is among the chief advantageous factors which has led to increased applications specifically at power generation end.

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Transformer oil is the most widely used form of insulating medium owing to its low affinity towards oxidation

Windings are insulated with cellulose which has substantial affinity to oxygen. When immersed in oil, the exposure to air is cut off. Moreover, it has been the most conventional form of fluid that has been used in these applications for arc quenching, in conjunction with other switchgears and circuit breakers. However, in order to reduce the environmental impacts and the carbon footprint, several other ecofriendly biodegradable substitutes have started gaining momentum in the industry applications. In conjunction with minimal environmental impacts, these offer enhanced life cycle and considerably reduce the maintenance requirements, in turn leading to increased inclination of the users and manufacturers.

Asia Pacific is expected to remain the most dominating regional segment, primarily owing to the large scale requirements, and the presence of the largest consumer base. Technological advancements that can enhance the functioning of these equipment by several decimal units will find increased consumer inclinations owing to the energy efficiency that can be achieved owing to large scale power requirements.

Key liquid-immersed transformers market participants include CG, ABB, Schneider Electric, GE, and Siemens. Industry presence is characterized by the presence of several regional participants competing in their specific region with the international players. Since pricing is the chief perspective in the transmission and distribution segment, regional players are expected to present significant challenge to the international players. Some other vendors in the industry include Altrafo Transformers, CNC Group, CELME, Dandong Xintai Electric, China XD Group EREMU, and Elsewedy Electric.

Robotics designed and developed primarily developed for the applications to entertain and educate humans that specifically include small children, guests, clients or elderly population are included in this category. These find significant applications in narrative or commercial venues such as Disneyland rides, and few other hospitality segments to attract customers. These are basically powered by pneumatics, servo motors, and hydraulic actuators to enable the preprogrammed movements.

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Increasing applications of these automated systems for education purposes is expected to drive the industry growth through the forecast period

Reinforcing importance of science, engineering, technology, math, and arts skills to the children at young age through these automated systems has garnered huge traction to the industry portfolio, Number of players in the industry are offering low cost and mass produced robotic toys that perform various functions on command. These help the users to enhance and impart problem-solving, critical-thinking, spatial skills, and reasoning to the children. Moreover, parents are increasingly investing in basic level robot building training programs for their children. Growth in demand among trainers, educational institutes and parents for educational purposes are expected to fuel the entertainment robots market growth.

Entertainment Robots Market Taxonomy

On the basis of product type, the global entertainment robots market is classified into:

• Robotic toys
  • Robot dog
  • Humanoid entertainment robots
  • Substitute pets
• Commercial show robots
• Non-commercial art robots

On the basis of applications, the global entertainment robots market is classified into:

• Domestic
• Education
• Research
• Other commercial applications

Artificial intelligence (AI) integration is one off the key trends gaining significant traction in the entertainment robots market

Design and development of these products with AI have led to significant investments from the participants to gain leverage in the global industry positioning. For instance, Abyss Creations have made significant investments for the development of life sized artificially intelligent humanoid girlfriends that are used as to enhance the learning capability of the sex bots about the owner’s wants and likes. Moreover, other cognitive skills integration, voice recognition and proprietary programs that can be used to detect the user emotions from their expression in addition with many other AI features that can enhance the information exchange in between the humans and robots will garner increased adoption of these systems over the forecast period.

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Domestic toys are expected to dominate the volume demands over the forecast period

This is primarily owing to the mass production capability, low costs and high utilization of these systems for children educational purposes. Moreover, humanoids are expected to garner major industry traction owing to the significant development in voice recognition, moving, dancing, and walking capabilities of these bots. Commercial show products are also gaining considerable growth momentum, owing to their primary applications such as marketing tool and artificial actors primarily to promote their piece of art or manufactured products and technology.

Asia Pacific is expected to continue its overall market dominance due to the largest consumer base in the region

Significant industry consumers in countries that include China, Japan, India, and Taiwan among few others are expected to drive the regional demands through the next few years. Other economies that include significant adoptions include U.S., Great Britain, Germany and Korea. Industry presence is characterized by intensive competition among the players to differentiate their products and strengthen their industry foothold. Established player in the toy-making industry that include Hasbro and Lego have developed smartphone controlled automated toys to enhance children playing experience. Moreover, increasing interests of major tech industry participants such as Google, Facebook, Sony and Toshiba are expected to intensify the industry competition.

Key players in the entertainment robot industry include Hasbro, Mattel, Lego, WowWee, Sphero, Bluefrog Robotics, Aldebaran, Robotis, Modular Robotics, Robobuilder, Abyss Creations, and Toshiba Machines.6

Hypercar market refers to the business generated by the automotive sales of the vehicles that align with the designing concept of ultralight construction and aerodynamic body, utilizing advanced composite materials, hybrid drives and low-drag designs. These vehicles are as much as five times as fuel efficient, offer superior performance, safety, low center of gravity, and other functional attributes.

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Growing inclination towards premium luxury car brands creating a highly conducive environment for growth of the hypercar market

Improving economic conditions and subsequent increasing consumer spending on luxury products creates a highly conducive environment for growth of the hypercar market. In conjunction with these factors, increasing number of manufacturers that include Aston Martin, McLaren and Honda among many other sport car manufacturers are making significant efforts to develop of hypercar and provide high-end automotive to the consumers and establish their strong brand name in the global market.

Incorporating these cars with enhanced safety features, high performance engines and differentiating their end solutions with distinct performance enhancements systems, is expected to be one of the major trends in the industry. For instance, several expected commercial vehicle launches expected to feature over 1000 hp over the near future, from Mercedes and Aston Martin are expected to feature electric motor assist to add on to their performance quotient. Such advancements are expected to present major growth prospects for the hypercar market through the forecast period.

Hypercar Market Taxonomy

On the basis of powertrain, the global hypercar market is classified into:

• Gasoline
• Electric
• Hybrid

Intensive competition among the participants is expected drive the innovation and development of next generation hypercar market

In May 2017, Mercedes highlighted the specs about its ongoing AMG Project One. The car is expected to be powered by a 1.6-liter turbocharged Forumla ONE engine and 1000 brake hp, featuring 43% thermal efficiency. Moreover, the entire drivetrain weighs 925 lbs. that powers the eight speed single clutch transmission is expected to cost around US$ 2.9 Mn. Another instance is the 800 bhp Tomhawk, featuring all-electric hypercar. The manufacturer of the automaker claims that the vehicle could reach 60mph in 2.0 seconds with its capability of generation 1.2g lateral force, which will be fastest accelerating car in production. However, as reported to Autocar by spokesman, that these figures were based on simulations.

Major Aston Martin in collaboration with Red Bull Racing are working for Valkyrie and Boreas project developing 1000 bhp cars for Europe market, are among the few major other ongoing projects that are expected to materialize and gain traction over the next few years. This trend is expected to garner significant growth prospects for the hypercar market.

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Distinct regulations by government bodies and high initial costs of these vehicles is expected to be among the prominent industry growth challenges

Mclaren’s BP23 expected to be launched in 2018, is expected to be majorly challenged by the Australian Design Rules (ADRs), according to the company’s spokesperson. Similar other regulatory challenges and infrastructural drawbacks are expected to present major growth challenge to the industry growth. Moreover, the price range of these vehicles are all over million dollars due to which these vehicles are expected to remain luxury asset. However, industry participants are increasingly taking initiatives to reduce the overall costs. For instance, next generation Honda NSX, featured to be an all-electric car, has earned the title of ‘poor man’s Porsche 918 Spyder’.

Industry paradigm shift towards the development and electrification of machines to reduce their environmental impact, boost the progress of efficient hybrid and electric motors for the automobiles will present consistent demands over the forecast period. Key hypercar market participants include Automobili Lamborghini, Bugatti, Ferrari, Daimler Group, Hennessey Performance Engineering (HPE), Koenigsegg, Pagani Automobili, Porsche, Zenvo Automotive, and McLaren.

Conventional three dimensional printing and manufacturing has garnered significant traction in all major industrial applications. However, increasing requirement for precision and for processes that require precision at meso, micro, and nanometer scales has led to the development of microscale 3-D printing technology. This technology finds application primarily in manufacturing and fabrication industries as well as in research and scientific community.

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Microscale 3-D printing technology can be utilized for the processing of metals, alloys, glass, photosensitive resins, and others, including different forms of plastics

Over the last few years, the use of microscale 3-D printing technology was limited to the making of complex shapes with the use of thermoplastics. Manufacturers are increasingly making efforts for the utilization of these techniques for varied materials that include semiconductors, living cells, and mixing and matching inks with increased accuracy. For instance, in May 2013, Princeton University scientists created bionic ear utilizing electronic and biological materials that could track radio frequencies. In another instance, in January 2014, scientists at Cambridge successfully completed the printing of eye cells that could be helpful in potential treatment for sight loss.

Microscale 3-D Printing Market Taxonomy

On the basis of printing technologies, the global microscale 3-D printing market is classified into:

• Stereo-lithography(SLA)
• Digital Light Processing(DLP)
• Fused Deposition Modeling (FDM)
• Selective Laser Sintering (SLS)
• Selective Laser Melting (SLM)
• Electronic Beam Melting (EBM)
• Laminated Object Manufacturing (LOM)

On the basis of end-use industry, the global microscale 3-D printing market is classified into:

• Aerospace & defense
• Healthcare
• Consumer Electronics
• Automotive
• Education & Research
• Others (printed electronics, jewelry, painting, food and culinary)

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Technology expected to garner significant applications, however, is still in its nascent stage of development

Owing to extensive application capability, the technology is expected to disrupt almost all material manufacturing application segments, however, is limited mostly to prototyping owing to significant challenges in handling expertise. Moreover, this technology is majorly deployed by science and research institutes that include ETH Zurich, Switzerland; Stanford, MIT, Cambridge; and National University, Singapore. It is estimated that microscale 3-D printing market will garner high adoption, however, will require at least over a decade to become mainstream. According to Coherent Market Insights Analysis, technology adoption should be at least 20% in order to become mainstream.

Slow speeds in relation to the conventional methods of manufacturing and high initial capital are expected to hamper the overall industry growth

For instance, conventional injection molding can be used to produce thousands of objects within an hour. However, the additive manufacturing technology utilizes layer by layer integration of materials, which limits its application for mass production. Additionally, the initial cost of the technology for high precision applications, lack of skilled workforce, and additional expenses on training and expertise will hinder the adoption rate of the technology.

Participants are increasingly making efforts to reduce manufacturing time and increase its application. For instance, Autodesk, a software company has integrated artificial intelligence to create complex design possibilities based on exact weight and strength, most of which can only be created using additive manufacturing.

The U.S., followed by Europe, is expected to be a major region that will witness high adoption rate of the technology, primarily owing to the significant efforts and high inclination of the industry participants toward it. Moreover, advanced manufacturing facilities that include automotive, aerospace, and other industrial applications that are expected to witness significant adoption rate are also present in these regions.

Some of the key players in the microscale 3-D printing market include Desktop Metal, Formlabs, HP, 3D Hubs, WASP, GE Additive, Aleph Objects (Lulzbot), Apis Cor, 3D-Fuel (3DomFuel), Doob Group, E3D, Nano Dimension, Open Bionics, Zortrax, Nanoscribe GmbH, Monoprice, Stratasys, 3D Systems, Divergent3D, and Optomec. Innovation and advanced product development are expected to be the prominent strategic plans of the players to gain strong foothold in the industry. For instance, in 2016, Nanoscribe GmbH introduced its advanced Photonic Professional GT that is featured with ultra-high resolution three dimensional printing capability.

Hyperlocal services refers to online business models that provide various products and facilities that rely on the platform of smartphones with GPS technology. The offerings include food delivery from restaurants, grocery from superstores or hypermarkets, logistic services, and home utility services such as electrical repairing, plumbing, carpentry, laundry, and personal tutors.

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Increased adoption of smartphones featuring internet connectivity is the prominent factor driving the industry growth

According to GSM Association Intelligence report in October 2016, around 44% of the total smartphone users, had subscribed to internet connectivity which is projected to account for around 60% by 2020. Moreover, hyperlocal services market participants are increasingly enhancing search options and application support for better consumer experience. Proliferation of improved and secured mobile payment gateways such as, Android Pay, Apple Pay, PayPal, etc. has led to significant increase in consumer confidence for the application of mobile platform for transactions. These factors are expected to provide strong industry growth prospects through the forecast period.

Hyperlocal services Market Taxonomy

On the basis of service offerings, the global hyperlocal services market is classified into:

• Grocery and food delivery services
• Home utility services
• Logistics

Large discounts on first purchase and competitive product offering costs are expected to present potential growth landscape

The hyper local services market is characterized by the presence of large number of local players venturing for better business growth prospects. Moreover, some competitors have entered into significant private ventures offering capital investments to the start-ups for enhancing their presence through marketing and promotional activities for acquiring large consumer base. This has led to increased competition among the global and local players in the industry, in turn leading to frequent major discounts and competitive pricing strategies for consumer retention. Large savings on purchases and increased consumer convenience owing to easy accessibility to resources is expected to present solid growth prospects for hyperlocal services market.

Grocery and food delivery segment dominated the global hyperlocal services market share

Grocery and food delivery segment participants perform the aggregation of local restaurants and superstores through smartphone applications and provide products on demand. This helps participants gain the trust of the local shops through online shopping. Moreover, owing to presence of large untapped potential consumer base and almost everyday requirements of foods and groceries will drive growth of these market segments.

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Expansion of product offerings to rural and remote locations is expected present consistent challenge over the forecast period

Catering to customers with best product quality with access to marginal profits is major challenge hindering the market growth. Increasing consumer base and business activity may also lead decline of the product quality that can result in loss of consumer retention. Industry is characterized with large number of global and local choices available in the industry, causing increased consumer volatility. Moreover, customer catering potential of these hyperlocal service market is limited to urban regions only. These factors are expected to consistently challenge the business growth of the players.

Developed economies such as the U.S. and countries in Western Europe have witnessed major adoption of hyperlocal services and are leading the market in terms of revenue and consumer base. However, with the increasing proliferation of mobile devices in emerging economies such as China, India, Indonesia, and Brazil is expected to offer significant growth opportunities for market players over the forecast period.

Industry is characterized by the presence of large number of players acquiring small hyperlocal services market shares. This is expected to continue over the forecast period, however, few industry participants have gained competitive edge over other participants. These participants include GrubHub, Just-Eat, Swiggy, Delivery Hero, Foodpanda group, BOXC, Shipster, and HelloFresh Group.

Cab aggregators market comprises various participants that connect the customers and car drivers, using different forms of communication technology. Proliferation of smartphones and low cost internet connectivity across the globe has led to considerable growth for mobile application-based business models. Cab aggregators are among the prominent businesses that have garnered large profit margins in the recent past.

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Proliferation of cab aggregators has significantly impacted unorganized transport service providers and the automotive industry
Consumers’ inclination towards owning an automotive is primarily to gain access to transportation. Increasing consumer satisfaction through these service offerings has led to significant negative impacts on automotive sales and local taxi service providers. Owing to these impacts, automotive companies are forced to consider sales strategies in accordance to cab aggregators’ presence. Chief automotive industry participants are focusing on collaborations to enhance their sales. For instance, in the recent past, in India, Ola has collaborated with Maruti, Hyundai, Nissan, and Tata to enable better loan facilities, repayment choices, and financial benefits for drivers who opt to purchase cars through its channels.

Cab Aggregators Market Taxonomy
On the basis of end use, the global cab aggregators market is classified into:
• Inter-city
• Intra-city
• On-airports
• Others
On the basis of customer types, the global cab aggregators market is classified into:
• Business
• Leisure
On the basis of booking type, the global cab aggregator market is classified into:
• App-based access(Mobile)
• Other online access
• Offline access
On the basis of business sector, the global cab aggregator market is classified into:
• Organized
• Unorganized
On the basis of vehicle types, the global cab aggregator market is classified into:
• Luxury Cars
• Executive Cars
• Economy Cars
SUVs/MUVs

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Increasing demand for commuting means for business and leisure activities is expected to drive market growth
Increasing urbanization across all major economies, rampant economic development especially in the highly promising markets of India and China, and increased investments in the development of road infrastructure is expected to present strong growth prospects for the cab aggregator market participants. Other emerging economies such as India, Indonesia, Thailand, the Philippines, and Malaysia are expected to present significant growth potential over the forecast period.

Increasing requirements for daily commuting favored by inconsistency of public transport means in emerging countries will present as a growth prospect over the forecast period. Industry participants are increasingly innovating offerings such as providing competitive service costs, availing premium and luxury cars at the consumers’ doorstep, and proving services at the required time. Increcountry’s leading cab aggregator services, Uber and Ola over surge pricing, according to the Business Standard report in 2017.

Asia Pacific is expected to witness highest growth rates over the forecast period
Market in countries such as China, Indonesia, India, and Malaysia is expected to witness significant growth over the forecast period. Consumers in these countries are inclined towards mobile solutions, which is still in its nascent stage. Moreover, companies are increasingly focusing on capitalizing opportunities through considerable investments and enhancing their offerings in these regions. For instance, in May 2017, Ola announced plans to invest US$ 2 billion in India to ply one million e-vehicles on the Ola platform by 2020. In May 2017, Uber announced plans to enhance its offerings by enabling offline booking options through SMS, WhatsApp and calls; and enhance consumer safety by providing car safety related information.

Global cab aggregators industry is consolidated with the presence of few major participants such as Uber, Lyft, Hailo, Ola, Grab Taxi, Didi Dache, Gett, LeCab, Cabify, and Bitaksi. Owing to low initial investments and large growth opportunity, large number of new entrants are expected to enter the market. New industry participants include Cabby, TenZillionCabs, HiCabs, DropTaxi and Baxi Taxi. These are expected to present considerable challenge to major players and create a competitive atmosphere in the market over the forecast period.

Delivery or Shipping drones are unmanned aerial vehicles used for transportation of small goods such as food, beverages, medicines, and automotive equipment. Delivery drones market is in development phase and it is projected to offer major growth potential over the forecast period, owing to time saving characteristics and reduced efforts from human workforce.

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Increasing labor costs in emerging economies are expected to fuel growth of delivery/shipping drones market
Daily gross of the manual workforce required for transport and shipping of goods has witnessed considerable surge over the last few years. For instance, according to U.S. Bureau of Labor Statistics, average private industry worker salary registered an increase 2.6% over the twelve-month period. Increasing wages are challenging for business development, which is creating demand for automated products. Delivery drones have are gaining significant traction, owing to ease of operation and reduced time of delivery, which is expected boost growth of the market over the forecast period.
Moreover, predominant requirement of transportation and logistics in B2C business segments, such as ecommerce and food & beverages are anticipated to be the primary users of this technology. According to Coherent Market Insights, 15% of the total shipping workforce in these business sectors is projected to be replaced by delivery drones by 2025.

Delivery Shipping Drones Market Taxonomy
On the basis of drone types, the global delivery shipping drones market is segmented into:
• Fixed wing drones
• Rotary blade drones
• Hybrid drones
On the basis of end users, the global delivery shipping drones market is segmented into:
• Food & beverages
• Healthcare
• Retails & Logistics
• Others (Defense, Disaster management, Automotive)

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Integration of Artificial Intelligence (AI) into drones is expected to accelerate growth of delivery/shipping drones market
Integration of Artificial Intelligence into drones can enhance the performance of delivery drones. Moreover, time spent in road navigation, traffic congestions and other forms of shipping means can be considerably reduced by air transport. However, high cost associated with device is may restrain growth of the market. Market players from shipping industry are involved in evaluating the probability of the technology for its utilization and related benefits. For instance, in September 2015, DHL introduced parcelcopter to deliver medications and urgently needed commodities to remote island, Juist. Moreover, many other companies that include Dominos, FedEx, United Parcel Services (UPS), Amazon and AMP holdings have planned strategies for the adoption of delivery drones in near future.

Regulatory restrictions on use of commercial drones are expected to hamper growth of the market over the forecast period.

Stringent regulations that restrict the usage of UAVs under certain norms and conditions, such as the Federal Aviation Administration (FAA) in U.S., are expected to hinder the industry growth over the forecast period. It restricts the users through allowing the usage of UAVs only within the line of sight and mandating the usability on only one drone at a time by a user.

However, the U.S. government has showcased interests in the development of the technology by allowing Amazon and NASA to perform pilot projects
Integrated cameras to enhance the surrounding awareness has resulted into privacy concerns of the surrounding residents. Furthermore, liability issues in case of a crash or damage of any sort is expected to pose a major challenge for growth of this market. This is expected to restrain growth of delivery drones market over the forecast period.

Major players operating in shipping drones market include Airware, DJI, Skycatch, 3D robotics, senseFly, AeroVironmenment, and Elbit Systems.