21 Oct, 2020, 05:05 ET
SAN FRANCISCO, Oct. 21, 2020 /PRNewswire/ -- The global autonomous last mile delivery market size is expected to reach USD 84.9 million by 2027, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 32.4% over the forecast period. The need for high-tech and efficient delivery solutions is driving the market growth. Technological advancements in aerial and ground vehicle platforms are expected to provide a new horizon to the last mile delivery services.
Automation in the warehousing and fulfillment centers is growing rapidly. A remarkable subset of this is the use of robots for automating movement-based tasks. This field includes drones and autonomous delivery vehicles, which transfer the goods from the origin to the destination. This technology provides an unmatched level of control to customers over how, where, and when they purchase and receive goods, thereby delivering exceptional customer experience.
Key suggestions from the report:
- The aerial delivery drones platform segment is expected to expand at a significant CAGR over the forecast period owing to their ease of use and high maneuverability
- The Robot-as-a-Service (RaaS) model is expected to gain momentum in the coming years, registering a strong CAGR for the service segment
- The adoption rate of autonomous robots for long-range deliveries is expected to increase over the forecast period on account of the growing demand for providing quick and cost-efficient services
- Increased investments in R&D activities and venture funding are expected to provide new business opportunities for companies specializing in autonomous last-mile delivery space. New startups are also expected to enter the market, attempting to capture the market share
Read 95 page research report with ToC on "Autonomous Last Mile Delivery Market Size, Share & Trends Analysis Report By Platform (Ground Delivery Vehicles, Aerial Delivery Drones), By Solution (Hardware, Software), By Range, By End-use, By Region, And Segment Forecasts, 2020 - 2027'' at:https://www.grandviewresearch.com/industry-analysis/autonomous-last-mile-delivery-market
With the capability to reach remote and weather intense areas, robots hold enormous potential to improve customer services by providing quick and hassle-free delivery. Robots enhance the vendor's communication capabilities by providing a high level of accuracy in delivery timings and real-time tracking of parcels. Many industries, including retail, food and beverages, hospitality, and pharmacies, are looking forward to leveraging lucrative opportunities.
Despite the slow momentum on the regulatory front, the startups continue their advancements within the commercial and industrial drone space. There has been a significant improvement in the degree of autonomy for UAVs along with superior battery life. In recent years, the drone hardware has been made available at reasonable prices. All these developments have led to the use of contemporary drones for commercial applications, including parcel delivery.
Asia Pacific continues to exhibit a strong CAGR over the forecast period. China, with e-commerce giants such as JD.com and Alibaba, is constantly working on the development of autonomous delivery robots. The testing of indoor delivery robots and contactless delivery initiatives taken by delivery app Meituan Dianping has led to increased use of robots for delivering groceries and food orders in Beijing. Japanese robot companies such as ZMP Inc. are evaluating the potential of autonomous robots that can deliver products from nearby warehouses. The Japanese government is also imparting its contribution to the development of autonomous delivery services to alleviate the labor shortage caused by the aging population and low birth rate.
Grand View Research has segmented the global autonomous last mile delivery market based on platform, solution, range, end-use, and region:
- Autonomous Last Mile Delivery Platform Outlook (Revenue, USD Million, 2016 - 2027)
- Ground Delivery Vehicles
- Delivery Bots
- Self-driving Vans & Trucks
- Aerial Delivery Drones
- Autonomous Last Mile Delivery Solution Outlook (Revenue, USD Million, 2016 - 2027)
- Autonomous Last Mile Delivery Range Outlook (Revenue, USD Million, 2016 - 2027)
- Short Range (<20 Kilometers)
- Long Range (>20 Kilometers)
- Autonomous Last Mile Delivery End-use Outlook (Revenue, USD Million, 2016 - 2027)
- Food & Beverages
- Autonomous Last Mile Delivery Regional Outlook (Revenue, USD Million, 2016 - 2027)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
List of Key Players of Autonomous Last Mile Delivery Market
- Amazon.com, Inc.
- Drone Delivery Canada
- Kiwi Campus (Kiwibot)
- Refraction AI
- Robby Technologies
- Shenzhen Yiqing Innovation Technology Co., Ltd.
- Starship Technologies
- Udelv Inc.
- Unsupervised AI
- Wing Aviation LLC
Find more research reports on Next Generation Technologies Industry, by Grand View Research:
- Autonomous Ships Market – The global autonomous ships market size was valued at USD 6.03 billion in 2018 and is expected to register a CAGR of 13.5% over the forecast period.
- Commercial Drone Market – The global commercial drone market size was valued at USD 5.80 billion, with an estimated 274.6 thousand units sold, in 2018.
- Deep Learning Market – The global deep learning market size was valued at USD 272.0 million in 2016.
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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