Source: Washington Post

Once thought to be the stuff of science fiction, drones have become a sought-after resource used by companies to revolutionize the business landscape. Amazon.com (NASDAQ:AMZN) has invested heavily into drone development that could harm FedEx (NYSE:FDX) and UPS (NYSE:UPS), and the news just broke that Google (NASDAQ:GOOG) has beaten out Facebook (NASDAQ:FB) in the bidding for a valuable drone company. Moving forward, investors would be foolish, not Foolish, to ignore this growing trend because the profits from mass-producing and using drones could be immense.

Google and Facebook can't get enough!
On April 14, CNBC revealed that Google had confirmed the rumors that it had struck a deal to buy Titan Aerospace for an undisclosed sum. This flew in the face of previous reports that Facebook was buying the solar-powered drone manufacturer in a transaction that valued the business at $60 million. However, Facebook appears to have been successful in its efforts to acquire another drone manufacturer, U.K.-based Ascenta, for $20 million.

In essence, the acquisition will allow Google to provide Internet capabilities essentially anywhere on Earth through drones that will hover in the upper atmosphere. With life expectancies of up to five years, these drones could provide access relatively cheaply, especially when placed against alternatives like physical infrastructure.

While this move may not sound terribly exciting, increasing the number of potential Google and Facebook users by making these services available could be extremely valuable. In the case of Facebook, which has more than 1.2 billion monthly active users and revenue of $7.9 billion, increasing its user count dramatically could help the company grow. The same premise applies to Google as well.

Drones coming to a home near you!
If all this drone business seems a little over your head (pun intended), let's come down to Earth a little more. Amazon, the largest e-commerce site on the planet, has been experimenting with drones that its management hopes to one day use for fast home delivery. According to Jeff Bezos, the company is already testing its fifth and sixth generation aerial drones and it is in the planning/design phase for both seventh and eighth generation ones.

In the event that Amazon can successfully develop and operate drones, the company could open a new door of opportunity that could pose a threat to package delivery businesses like FedEx and UPS. In 2013, UPS reported revenue of $55.4 billion, up 22% from the $45.3 billion the company reported five years earlier.

FDX Revenue (Annual) Chart

FDX Revenue (Annual) data by YCharts

Smaller FedEx had revenue of $44.3 billion, but the company showed greater top-line growth of nearly 25% from the $35.5 billion it reported in 2012. From a profitability perspective UPS did far better with net income of $4.4 billion in comparison with FedEx's $1.6 billion.

With total e-commerce sales (inclusive of products and services) expected to grow 20% this year from $1.25 trillion to $1.51 trillion, it's practically a foregone conclusion that the demand for product transportation will rise. Demand is so high, in fact, that both UPS and FedEx failed to post the earnings analysts expected last quarter because they had to bring on more equipment and part-time workers than they initially anticipated. Recognizing this opportunity, Amazon likely hopes to use its innovative ideas to capture a good part of this market in the years to come.

Foolish takeaway
Right now, the world is changing very quickly. With a growing population and higher demand for goods and services, businesses are doing all they can to innovate to meet customer demand. This has led some of the top technology firms to venture into drones to accomplish this. In the long-run, it's hard to tell what will become of these endeavors. However, for the Foolish investor who believes in these company's visions, now might be an attractive time to consider adding them to your portfolio.

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Daniel Jones has no position in any stocks mentioned. The Motley Fool recommends Amazon.com, Facebook, FedEx, Google (C shares), and United Parcel Service. The Motley Fool owns shares of Amazon.com, Facebook, and Google (C shares). Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.