Autonomous Last-Mile Delivery Market Size is Projected to Reach USD 84.72 Billion by 2030 at CAGR 24.4% | Valuates Reports
BANGALORE, India, Jan. 20, 2021 /PRNewswire/ -- The Autonomous Last-Mile Delivery Market is Segmented by Application (Logistics, Healthcare & Pharmaceuticals, Food & Beverages Retail, and Others), Solution (Hardware, Software, and Service), Range (Short Range (<20 km) and Long Range (>20 km)), and Vehicle Type (Aerial Delivery Drones, Ground Delivery Vehicles, and Self-driving Trucks & Vans): Global Opportunity Analysis and Industry Forecast, 2021-2030. This report is published on Valuates Reports in the Mail & Package Delivery Category.
The global autonomous last-mile delivery market size is expected to be valued at USD 11.90 Billion in 2021 and is projected to reach USD 84.72 Billion by 2030, registering a CAGR of 24.4% during the forecast period.
Based on region, North America is expected to be the highest revenue contributor in the Autonomous Last-Mile Delivery Market, accounting for USD 4.83 billion by 2021, and is estimated to reach USD 39.94 Billion by 2030, with a CAGR of 26.6%. North America's dominance in the Autonomous Last-Mile Delivery Market can be attributed to ongoing initiatives in the US and Canada to develop next-generation drone and ground-based vehicle delivery technologies.
By vehicle type, the ground delivery bots segment is expected to contribute the highest revenue in 2021, accounting for USD 4.56 Billion, and is estimated to reach USD 34.90 Billion by 2030, registering a CAGR of 25.5% during the forecast period.
Major factors driving Autonomous Last Mile delivery market size are demand for the fast delivery of packages, rise in technological advancements in delivery vehicle drives, and development of aerial delivery drones.
This study presents the analytical depiction of the global autonomous last-mile delivery market analysis, along with the current trends and future estimations to depict the imminent investment pockets.
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COVID-19 IMPACT ON AUTONOMOUS LAST-MILE DELIVERY MARKET SIZE
The COVID-19 outbreak has increased the overall sales of the e-commerce business. This, in turn, has increased the Last-Mile Delivery market size, as more and more consumers prefer ordering online and maintaining social distancing. In addition, during the lockdown period, the use of Aerial Delivery Drones was also increasing for healthcare and pharmaceutical applications.
Based on the predictions of industry experts, a growth of 20% is projected in online retail share by 2023 followed by a 10% growth in the delivery processes followed by the adoption of autonomous vehicles in last mile delivery services by 2024.
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TRENDS INFLUENCING THE AUTONOMOUS LAST MILE DELIVERY MARKET SIZE
Various R&D is being carried out by leading companies in the development of aerial delivery drones, which can distribute goods and services in geographically challenging areas. This eliminates human involvement in distributing goods and services to remote areas since this can be achieved through aerial drone delivery. In addition, countries such as South Korea are carrying out package delivery experiments in remote areas to improve the lifestyle of people in the country. As a result, the production of aerial delivery drones that operate smoothly in geographically challenging areas is expected to drive Autonomous Last-Mile Delivery Market size during the forecast period.
An increase in demand for the fast delivery of packages is expected to drive the growth of the autonomous last-mile delivery market size. With the customer's inclination toward buying daily necessity products through an online source, the demand for delivering the products on the same day in the stipulated time has increased. This, in turn, has forced e-commerce companies to develop better means to deliver the products on time.
However, the lack of required infrastructure to support autonomous delivery services operations is expected to hinder the market growth. Proper infrastructure requires a fixed route for land delivery vehicles and self-driving trucks and vans and a separate route for air delivery drones.
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TOP COMPANIES IN THE AUTONOMOUS LAST MILE DELIVERY MARKET
The growth of the autonomous last-mile delivery industry is fuelled by increasing advancements by the top market players. For example, Amazon has introduced the Scout delivery robot, which is the size of a tiny cooler and can roll along sidewalks and deliver products to the customer's doorstep. In the area of autonomous last mile delivery service, this has facilitated Amazon to launch a new model.
Despite the very large technological leap that is expected, the existing players are still very well placed to dominate the bulk of the parcel volumes in deferred, B2B, and – to a lesser extent – the same-day delivery.
The capital-intensive nature of sorting and full-scale logistics networks, large economies of scale, and the need for consumer access are major barriers to entry for new players and will enable traditional players to remain dominant in the centre.
Some of the top companies in the Autonomous Last-Mile Delivery Market are Airbus S.A.S., Matternet, Flirtey, Drone Delivery Canada, Flytrex, Amazon.com, JD.com, Inc., Marble Robot, Starship Technologies, Savioke, DHL International GmbH, United Parcel Service of America, Inc., and DPD.
AUTONOMOUS LAST-MILE DELIVERY MARKET SEGMENTS
Autonomous Last-Mile Delivery Market By Application
- Logistics
- Healthcare & Pharmaceuticals
- Food & Beverages
- Retail
- Others.
Autonomous Last-Mile Delivery Market By Solution
- Hardware
- Software
- Service.
Autonomous Last-Mile Delivery Market By Range
- Short Range (< 20 km)
- Long Range (> 20 km).
Autonomous Last-Mile Delivery Market By Vehicle Type
- Aerial Delivery Drones
- Ground Delivery Bots
- Self-driving trucks & vans.
Autonomous Last-Mile Delivery Market by Regions/Countries,
- North America
- Europe
- China
- Japan
- Southeast Asia
- India
- Central & South America.
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