As per Triton's research report, the global autonomous last mile delivery market is anticipated to gather $12.24 billion in 2021, and is projected to advance at a CAGR of 19.15% by 2028.
A recent study by Triton Market Research titled ‘Global Autonomous Last Mile Delivery Market’ entails the Global Analysis and Forecasts by Application (Retail, Logistics, Healthcare & Pharmaceuticals, Food & Beverages, Other Applications), Range (Short Range [< 20 km], Long Range [> 20 km]), Solution (Hardware, Software, Services), Vehicle Type (Ground Delivery Bots, Aerial Delivery Drones, Self-Driving Vehicles), and by Geography (Europe, Asia-Pacific, Middle East and Africa, Latin America, North America).
The implementation of autonomous vehicles and drones in the last mile delivery step comprises the studied market. Additionally, the fast delivery and cost-effective abilities of autonomous vehicles and drones assist in recovering any excess costs relating to their development or purchase.
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Triton’s research report suggests that the global autonomous last mile delivery market is anticipated to develop at a CAGR of 19.15% in revenue during the studied years 2021-2028. It is further likely to garner revenue worth $41.74 billion by 2028.
The growing need for fast delivery systems and increased efficiency in the e-commerce sector, are factors contributing to the growth of the autonomous last mile delivery market globally. In recent times, the advancements in technology have increased sales of various products, which has further surged the demand for better last-mile delivery. Here, customers opt for instant or same-day delivery options at reasonable prices, increasing the need for better last-mile delivery solutions. Hence, these factors are motivating the adoption of autonomous technologies in the last mile delivery process, thereby fueling the studied market’s progress. However, multiple government restrictions and inadequacy of infrastructure, are factors hampering the autonomous last mile delivery market’s progress.
The market for autonomous last mile delivery market is divided into application, range, solutions, and vehicle type. Based on application, the market is segmented into retail, logistics, healthcare & pharmaceuticals, food & beverages, and other applications. In terms of range, it is bifurcated into short range (< 20 km) and long range (> 20 km). Similarly, the solution section is subdivided into hardware, software, and services. Lastly, the vehicle type includes ground delivery bots, aerial delivery drones, and self-driving vehicles.
Geographically, North America is anticipated to become the fastest-growing market for autonomous last mile delivery during the projected period of 2021-2028. The enhancements in technology and prominent market players are primarily motivating the growth of the studied market across the region. Additionally, the rise in the deployment of autonomous last mile delivery services has encouraged companies to increase innovations, which adds to the market’s progress.
Furthermore, the continuous development in AI, machine learning, and robotics has influenced the logistics and supply chain industries’ growth in the region’s countries. Thus, the factors mentioned above are widening the scope and progress of the autonomous last mile delivery market in North America.
Robby Technologies, DHL Express, Matternet, Flirtey, UPS, Starship Technologies, Drone Delivery Canada, Marathon Targets, Waymo, Amazon, Zipline, Nuro, Walmart, Marble Robots & Autonomy Technology Solutions, Eliport, JD.com, Airbus SAS, Flytrex, FedEx, and Savikoke are companies thriving in this market.
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Question & Answer: Autonomous Last Mile Delivery Market
Question 1: What major factors are contributing to the growth of the autonomous last mile deliverymarket globally?
Answer: The growing need for fast delivery systems and increased efficiency in the e-commerce sector, are factors contributing to the growth of the autonomous last mile delivery market globally.
In recent times, the advancements in technology have increased sales of various products, which has further surged the demand for better last-mile delivery. Here, customers opt for instant or same-day delivery options at reasonable prices, increasing the need for better last-mile delivery solutions. Hence, these factors are motivating the adoption of autonomous technologies in the last mile delivery process, thereby fueling the studied market’s progress.
Question 2: What factors are hampering the autonomous last mile deliverymarket’s progress?
Answer: Multiple government restrictions and inadequacy of infrastructure, are factors hampering the autonomous last mile delivery market’s progress.
Question 3: Which region anticipated to become the fastest-growing in the autonomous last mile deliverymarket?
Answer: Geographically, North America is anticipated to become the fastest-growing market for autonomous last mile delivery during the projected period of 2021-2028. The enhancements in technology and prominent market players are primarily motivating the growth of the studied market across the region. Additionally, the rise in the deployment of autonomous last mile delivery services has encouraged companies to increase innovations, which adds to the market’s progress.
Furthermore, the continuous development in AI, machine learning, and robotics has influenced the logistics and supply chain industries’ growth in the region’s countries. Thus, the factors mentioned above are widening the scope and progress of the autonomous last mile delivery market in North America.
Question 4: Which are the eminent competitors in the autonomous last mile deliverymarket?
Answer: Robby Technologies, DHL Express, Matternet, Flirtey, UPS, Starship Technologies, Drone Delivery Canada, Marathon Targets, Waymo, Amazon, Zipline, Nuro, Walmart, Marble Robots & Autonomy Technology Solutions, Eliport, JD.com, Airbus SAS, Flytrex, FedEx, and Savikoke are companies thriving in this market.
Related Report:
Global Collaborative Robots Market
The global collaborative robots market is anticipated to register growth at a CAGR of 31.13% through the studied years of 2019-2028, while acquiring $8288.45 million in revenue by 2028.
A collaborative robot or cobot holds the capability to share the work station with a human without requiring physical distance. Here, collaborative robots can unite the different qualities of robots and humans, which helps make other processes more efficient.
The widening applications of collaborative robots, higher ROI offered by cobots, and their declining prices, are factors facilitating the growth of the collaborative robots market globally. Additionally, the growing demand for cobots with high capacity is another factor opening several opportunities for the market to reach its anticipated growth.
However, evolving safety standards and a dearth of capabilities concerning the faster cycle time, are likely to hamper the studied market's expansion during the forecast years 2019-2028.
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