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Impact of Covid-19 on Autonomous Last Mile Delivery Market, Benchmarking the Sudden Strategy Change by Top 50 Companies in the World

04-08-2020 06:47 PM CET | Logistics & Transport

Press release from: Allied Market Research

Impact of Covid-19 on Autonomous Last Mile Delivery Market,

The key players analyzed in this autonomous last mile delivery market report are Matternet, Flirtey, Drone Delivery Canada, Flytrex, Airbus, Amazon, JD.com, Marble, Starship Technologies, and Savioke.

Key Findings of the Autonomous Last Mile Delivery Market :
1) Based on vehicle type, the ground delivery bot segment is expected to generate the highest revenue in 2021.
2) Based on application, the retail segment is projected to be the highest revenue contributor in 2021.
3) Based on region, North America is anticipated to exhibit the highest CAGR during the forecast period.
4) Based on region, North America is anticipated to contribute the highest market revenue in 2021, followed by Europe, Asia-Pacific, and LAMEA.

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According to a recent report published by Allied Market Research, titled, "Autonomous Last Mile Delivery Market by Application, Solution, Range, and Vehicle Type: Global Opportunity Analysis and Industry Forecast, 2020-2030," the global autonomous last mile delivery market is expected to valued $11.13 billion in 2021, and is projected to reach $75.65 billion by 2030, registering a CAGR of 23.7%.

North America is expected to dominate the market, followed by Europe, Asia-Pacific, and LAMEA. The U.S. is anticipated to dominate the global autonomous last mile delivery market share in 2021, whereas Mexico is expected to grow at a significant rate in the autonomous last mile delivery market during the forecast period.

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Autonomous last mile delivery consists of autonomous vehicles to deliver the product or service to customer's doorstep without actually involving any human intervention in the entire process. It ensures that the product is delivered to the customer within a stipulated time period without hampering the dignity and market image of the company. Rise in usage of internet along with rapid expansion in the e-commerce industry fuel the demand for products to be purchased online, which requires a better and efficient means to deliver the product to the customer. Thus, various product delivery services have been adopted by the companies such as the use of drones and ground delivery vehicles.

The top market players have carried out various developments in this field and offer the product delivery service which has been adopted by other companies and governments; thereby, boosting the autonomous last mile delivery market growth. For instance, Amazon has launched its product delivery robot called Scout, which is of the size of a small cooler and can roll along sidewalks and delivers packages to the doorstep of the customer. This has made Amazon to introduce a new concept in the field of autonomous last mile delivery service. Similar other developments carried out by other companies fuel the growth of the market during the forecast period.

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Autonomous last mile delivery system has various applications in different fields such as logistics, healthcare & pharmaceuticals, food & beverages, retail, and others. Different services are provided in these fields by offering last mile delivery service to the customers without any human involvement; thereby, boosting the growth of the autonomous last mile delivery market.

Different types of vehicles such as aerial delivery drones, ground delivery vehicles, and self-driving trucks & bus are having application in the autonomous last mile delivery market. Major companies operating in product or service delivery have opted these types of vehicles to deliver their products to the customers without any human intervention. For instance, San Francisco-based UAV manufacturer Zipline started the delivery of medicines and healthcare products in Ghana and Rwanda by means of drones. Similar developments made across the globe eventually lead to the growth of the autonomous last mile delivery market during the forecast period.

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The factors such as rise in demand for fast delivery of packages and increase in technological advancements in delivery vehicles drive the growth of the autonomous last mile delivery market. However, lack of required infrastructure to support operations of autonomous delivery services and government regulations is supposed to hamper the growth of the market. Further, development of aerial delivery drones that function smoothly in geographically challenging areas followed by its consideration to be an efficient means to deliver packages is expected to create numerous opportunities for the growth and expansion of the autonomous last mile delivery market.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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