The Global Autonomous Last Mile Delivery Market Assessed to Attain $41.74 Billion in Revenue by 2028

According to Triton's report, the global autonomous last mile delivery market is expected to reach $12.24 billion in 2021. It is further expected to witness growth at 19.15% of CAGR by 2028.

A recent study by Triton Market Research titled ‘Global Autonomous Last Mile Delivery Market’ contains the Global Analysis and Forecasts by Solution (Software, Hardware, Services), Vehicle Type (Aerial Delivery Drones, Self-Driving Vehicles, Ground Delivery Bots), Application (Healthcare & Pharmaceuticals, Retail, Food & Beverages, Logistics, Other Applications), Range (Long Range [> 20 km], Short Range [< 20 km]), and by Geography (Middle East and Africa, North America, Europe, Asia-Pacific, Latin America).

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Triton’s report estimates the global autonomous last mile delivery market to progress at 19.15% of CAGR during the period of 2021-2028. It is predicted expected to showcase revenue worth $41.74 billion by 2028.

The market includes the deployment of autonomous drones and vehicles in the last mile delivery of various goods and services. Here, the quick delivery and cost-effective capabilities of these vehicles help recover elevated costs associated with their production and purchase.

Factors such as the rising need for fast delivery systems, paired with surge efficiency in the e-commerce sector, are driving the autonomous last mile delivery market on a growth path. The technological advancements have elevated sales of various goods, leading to high demand for efficient last mile delivery services. Moreover, in recent times, consumers are shifting preference towards same-day delivery services, which also increases the need for advanced last mile delivery solutions.

However, there are several government regulations set by authorities for driving autonomous vehicles with proper licensing. Hence, the government restrictions are majorly limiting the autonomous last mile delivery market’s evolution.
The market for autonomous last mile delivery is segmented into solution, vehicle type, application, and range. Based on solution, it is sectioned into software, hardware, and services. Likewise, the vehicle type section is sub-divided into aerial delivery drones, self-driving vehicles, and ground delivery bots. In terms of application, the market is branched into healthcare & pharmaceuticals, retail, food & beverages, logistics, and other applications. Lastly, based on range, it is bifurcated into long range (> 20 km) and short range (< 20 km).

Among the regions, North America is likely to become the fastest-evolving region in the autonomous last mile delivery market during the years 2021-2028. The technological improvements and presence of established companies are significantly contributing to the expansion of the autonomous last mile delivery market during the reviewed years.

Moreover, companies in the region are influenced to surge their innovation activities due to the increase in the adoption of autonomous last mile delivery services. Above all, the developments in technologies such as AI, robotics, and machine learning have propelled the activities in the logistics and supply chain sectors, which is further anticipated to encourage the deployment of autonomous solutions in last mile delivery. Hence, these factors and developments are likely to propel the autonomous last mile delivery market's growth across the region.

Zipline, Airbus SAS, Savikoke, Matternet, Starship Technologies, Marathon Targets, Eliport, FedEx, Marble Robots & Autonomy Technology Solutions, Flirtey, Drone Delivery Canada, Nuro, JD.com, Robby Technologies, Waymo, Walmart, Flytrex, DHL Express, Amazon, and UPS are leading companies in this market.

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Question & Answer: Autonomous Last Mile Delivery Market

Question 1: What factors are driving the autonomous last mile delivery market on a growth path?
Answer: Factors such as the rising need for fast delivery systems, paired with surge efficiency in the e-commerce sector, are driving the autonomous last mile delivery market on a growth path. The technological advancements have elevated sales of various goods, leading to high demand for efficient last mile delivery services. Moreover, in recent times, consumers are shifting preference towards same-day delivery services, which also increases the need for advanced last mile delivery solutions.

Question 2: What factors are limiting the evolution of the autonomous last mile delivery market?
Answer: There are several government regulations set by authorities for driving autonomous vehicles with proper licensing. Hence, the government restrictions are majorly limiting the autonomous last mile delivery market’s evolution.

Question 3: Which region is likely to become fastest-evolving in the autonomous last mile delivery market?
Answer: Among the regions, North America is likely to become the fastest-evolving region in the autonomous last mile delivery market during the years 2021-2028. The technological improvements and presence of established companies are significantly contributing to the expansion of the autonomous last mile delivery market during the reviewed years.

Moreover, companies in the region are influenced to surge their innovation activities due to the increase in the adoption of autonomous last mile delivery services. Above all, the developments in technologies such as AI, robotics, and machine learning have propelled the activities in the logistics and supply chain sectors, which is further anticipated to encourage the deployment of autonomous solutions in last mile delivery. Hence, these factors and developments are likely to propel the autonomous last mile delivery market's growth across the region.

Question 4: Which are the leading companies in the autonomous last mile delivery market?
Answer: Zipline, Airbus SAS, Savikoke, Matternet, Starship Technologies, Marathon Targets, Eliport, FedEx, Marble Robots & Autonomy Technology Solutions, Flirtey, Drone Delivery Canada, Nuro, JD.com, Robby Technologies, Waymo, Walmart, Flytrex, DHL Express, Amazon, and UPS are leading companies in this market.

Related Report:
Global Collaborative Robots Market
The global collaborative robots market is probable to display growth based on revenue during 2019-2028 at a CAGR of 31.13%. Moreover, it is anticipated to gain revenue of $8288.45 million by 2028.

Collaborative robots, commonly known as cobots, have the ability to share the workspace with a human without needing physical distance. These cobots primarily combine various qualities of robots and humans, further assisting in making several procedures more effective.

Factors such as widening applications of collaborative robots, along with higher ROI provided by cobots, are augmenting the development of the collaborative robots market. The rising demand for collaborative robots with high capacity is also offering opportunities for the market to reach its anticipated growth.

However, the lack of capabilities relating to faster cycle time and changing safety standards, are anticipated to negatively impact the collaborative robots market during the estimated years of 2019-2028.

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