Amazon's (AMZN) Drones Delivery Fleet Gets FAA Approval

Amazon (AMZN) receives FAA approval to test commercial deliveries through its drone fleet. Read More...

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Amazon AMZN recently received an approval from the Federal Aviation Administration (“FAA”) that allowed it to test commercial deliveries through its drone fleet.

Reportedly, the company plans to use MK27 drones, which have a maximum 5 lb carrying capacity.

The latest move bodes well for Amazon’s strengthening delivery system, which is aiding it in enhancing shopping experience.

The company’s growing customer-oriented approach is evident from its focus on using drones to ensure quick deliveries. This customer-centric approach is aiding the company to further strengthen presence in the e-commerce space.” data-reactid=”12″>Amazon AMZN recently received an approval from the Federal Aviation Administration (“FAA”) that allowed it to test commercial deliveries through its drone fleet.

Reportedly, the company plans to use MK27 drones, which have a maximum 5 lb carrying capacity.

The latest move bodes well for Amazon’s strengthening delivery system, which is aiding it in enhancing shopping experience.

Amazon.com, Inc. Price and Consensus

Amazon.com, Inc. price-consensus-chart | Amazon.com, Inc. Quote

Delivery Drone Market Holds Promise

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The growing proliferation of online shopping driven by increasing penetration of Internet and smartphone usage led to the emergence of delivery drones that are capable of making rapid deliveries.

Further, demand for the drones is being aided by innovation in cargo transportation.

Per a report from MarketsandMarkets, the global drone logistics and transportation market is expected to hit $11.2 billion by 2022, and is likely to witness a CAGR of 21.01% between 2022 and 2027 to reach $29.06 billion by 2027.

We believe Amazon is expected to rapidly penetrate this booming market with the help of innovative delivery drones that are based on AI.

AI techniques help these drones to navigate properly, reach their destination and drop off the packages by detecting telephone wires, people, animals and properties on the ground. Moreover, AI-based sensors will aid the drones in flight without threatening traditional aircraft.” data-reactid=”31″>The growing proliferation of online shopping driven by increasing penetration of Internet and smartphone usage led to the emergence of delivery drones that are capable of making rapid deliveries.

Further, demand for the drones is being aided by innovation in cargo transportation.

We believe Amazon is expected to rapidly penetrate this booming market with the help of innovative delivery drones that are based on AI.

Intensifying Competition

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The potential of the delivery drone market is alluring enough to attract many other companies to make advances into it.

Moreover, companies like Alibaba BABA, JD.com JD and Alphabet’s GOOGL Google, among others, have already introduced drones in the e-commerce market, thereby intensifying competition.

Nevertheless, Amazon’s drones are capable of tilting and flying just like a plane and this separates them from others that can fly only horizontally.

This feature remains a major positive as it will help these drones to avoid any unwanted collision with any other aircrafts.

Currently, Amazon carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.” data-reactid=”33″>The potential of the delivery drone market is alluring enough to attract many other companies to make advances into it.

Moreover, companies like Alibaba BABA, JD.com JD and Alphabet’s GOOGL Google, among others, have already introduced drones in the e-commerce market, thereby intensifying competition.

Nevertheless, Amazon’s drones are capable of tilting and flying just like a plane and this separates them from others that can fly only horizontally.

This feature remains a major positive as it will help these drones to avoid any unwanted collision with any other aircrafts.

Currently, Amazon carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Breakout Biotech Stocks with Triple-Digit Profit Potential

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.

Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.

See these 7 breakthrough stocks now>>” data-reactid=”35″>The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.

See these 7 breakthrough stocks now>>