DooKey
[H]F Junkie
- Joined
- Apr 25, 2001
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Walmart applied for 6 patents last year that relate to drones in the agriculture business. One of the patents is for a drone that can do the work of bee to ensure pollination of crops and another can watch for pests and then get the right kind of pesticide on the crop. Since 56% of their total revenue comes from grocery sales it's easy to see why they are interested in farming drones. Time will tell whether or not these patents become products, but if anyone has the wherewithal to do it it's Walmart.
The market for agricultural drones will top $1 billion by 2024, up from about $338 million in 2016, according to research firm Global Market Insights. However, Walmart’s patent applications stand out because they indicate the company sees greater potential to address problems on farms, rather than simply spot them, said David Dvorak, chief executive officer for Field of View, a U.S. company that sells drone camera systems. “It sounds like Walmart is trying to develop a complete system that can actually do something about it,” Dvorak said.
The market for agricultural drones will top $1 billion by 2024, up from about $338 million in 2016, according to research firm Global Market Insights. However, Walmart’s patent applications stand out because they indicate the company sees greater potential to address problems on farms, rather than simply spot them, said David Dvorak, chief executive officer for Field of View, a U.S. company that sells drone camera systems. “It sounds like Walmart is trying to develop a complete system that can actually do something about it,” Dvorak said.