Autonomous Last Mile Delivery Market Set to Grow at the Fastest Rate- Time to Grow your Revenue

The autonomous last mile delivery market is valued at USD 860 million in 2021 and is projected to reach USD 4,964 million by 2030, at a CAGR of 21.5%. Flourishing e-commerce industry and the growing demand for AGV in delivery of healthcare supply, and increased usage of autonomous gound delivery vehicle in retail & food have led to the growth of autonomous last mile ground deliveries worldwide.

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With the coronavirus pandemic devastating several parts of the world, emergency measures like social distancing and lockdowns are extensively limiting people's lives. This has led to a rising interest in technologies that assist in minimizing physical contact between human beings. Thus, suppliers implemented autonomous means such as drones and robots to deliver the goods to the customer without any human participation. The rising adoption of newer last mile methods such as curb side pickup, parcel lockers, along delivery subscriptions was launched, which has flourished the last mile delivery services across various nations.. In this domain, drones have proved to be a valuable tool in creating more resilient supply chains and offering delivery services by following the guidelines. Companies such as FedEx (US), Wing Aviation Llc (US), Matternet, Inc. (US), and Wingcopter GmbH (Germany) increased their services to limit the spread of the disease and cater to the demand for contactless deliveries.

In most supply chains, the final phase of product delivery from warehouses or distribution hubs to end users generally accounts for 28% of the total product cost. Congestion in urban areas, product delivery to far-flung and remote locations, invalid or incorrect address details, hard-to-locate destinations, and severe labor shortage often result in increased product delivery costs. Automatic delivery could be transformational for the retail industry, decreasing delivery costs by 80% to 90% compared to a human being doing it, depending on the vehicle and the platform.

Major Players of aerial delivery drones and ground delivery vehicle market are Starship Technologies (US), JD.com (China), Nuro (US), Amazon (US), Kiwi Campus (US), Zipline (US), United Parcel Service (US), Wing (US), Flirtey (SkyDrop) and Aerodyne Group (Malaysia). These key players offer drones applicable for various sectors and have well-equipped and strong distribution networks across the North American, European, Asia Pacific, Middle East, Latin America, and Africa.

"The market for delivery drones in the aerial segment and self-driving vans & trucks in the ground segment is projected to grow with higher CAGR"

Based on platform, the market in the aerial segment is divided into Cargo Drone and Delivery Drone and for ground segment the market is divided into Delivery Bots and Self Driving Trucks and Vans. The market for delivery drones in the aerial segment and self-driving vans & trucks in the ground segment is projected to grow with higher CAGR due to the increasing need for autonomous delivery solutions in food and retail sectors and the growing need of contact-less healthcare supply deliveries using autonomous ground vehicles /aerial drones owing to COVID-19 pandemic.

"The market for infrastructure is expected to lead both the aerial delivery drones and ground delivery vehicle markets, with the higher CAGR during the forecast period"

Based on solution, aerial and ground segments comprise of hardware, software, and infrastructure. The Infrastructure market is expected to lead both the aerial delivery drones and ground delivery vehicle markets, with a higher CAGR during the forecast period. This is owing tothe rising need for drone service in civil & commercial applications and the technological evolution of the autonomous ground vehicle. Also, the need to curb pollution in big cities and the need of autonomous aerial drones and ground robots that could reduce carbon dioxide emissions to pose as the biggest driver for this market segment.

"North America is expected to hold the highest market share in 2021."

North America is projected to lead the aerial delivery drone market in 2021. In North America, especially the US, ground delivery robots have become commercialized in the last few years. US-based companies like Savioke, Nuro, Robby Technologies, and several others have created autonomous mobile robots that look ready for the streets and are already finding gainful employment in enclosed premises of universities and hotels.
Also, during the pandemic, the US saw people accepting ground robots more into their lives. From contactless delivery of food to essential healthcare supplies, these ground robots brought a revolution to the ground delivery vehicles market and helped in curbing the ill effects of COVID-19. One such company is Savioke, whose grounds robots helped in assisting customers in the healthcare and hospitability sectors.

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Rules regarding drone flights in the US have been liberal, paving the way for legal use of drones for delivery in the country's civil & commercial airspace. Many US companies are working to commercialize aerial delivery drones for food items, pharmaceutical products, logistics, and retail applications. Though regulations regarding drone operations were relaxed in 2020, some regulations remain, such as packages weighing more than 25 kilograms are also not allowed for delivery using drones

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This release was published on openPR.