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Autonomous Last Mile Delivery Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports
Autonomous Last Mile Delivery Market Statistics 2030The 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.
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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.
By Region, North America is anticipated to be the highest revenue contributor, 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%.
Autonomous last mile delivery consists of autonomous vehicles to deliver the product or service to the customer's doorstep without any human intervention in the entire process. It ensures that the product is delivered to the customer within a stipulated time without hampering the dignity and market image of the company. Increased use of internet along with the expansion of the e-commerce industry fuel the adoption of online shopping, which in turn requires a better and more efficient means to deliver the product to the customer. Thus, to fulfill the rising demand for such logistics business, various last mile delivery operated companies and product delivery services have started using drones and ground delivery vehicles to deliver product within lesser time.
Impact of Covid-19 on Autonomous Last Mile Delivery Market
Post COVID-19 pandemic, last mile delivery will certainly not look the same, as the companies are preparing for innovation shift post lift of the restrictions to rapidly assess and adapt their supply chains. For instance, an Orlando-based final mile delivery orchestration and fulfillment platform OneRail launched a new service called "QuickStart", to help retailers to curb the immediate final mile delivery capacity to support the eCommerce demand spike caused by COVID-19. Due to this platform, OneRail has registered a 700% growth in parcel deliveries by volume during the last weeks of March. Such types of innovations have also enabled the key players in the autonomous last mile delivery industry to come up with different techniques to increase their business during and after the pandemic.
Before COVID-19 maintained its grip across the globe, the fourth industrial revolution by World Economic Forum was declared, which has predicted a greater change in the last mile delivery services across the globe. 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.
COVID-19 has created a short term disruption and long term structural changes due to which the e-commerce sector is experiencing a sluggish growth in new online categories such as groceries and home care. Due to COVID-19 pandemic, the overall sales of e-commerce business in the U.S. has increased by over 30%. Meanwhile, DHL in Germany registered an increase in parcel shipments from 5.3 million parcels to 9.0 million parcels per day, which is similar to the deliveries during Christmas time. Furthermore, during lockdown period Aerial Delivery Drones business has seen growth for Healthcare and Pharmaceutical application.
The key players profiled in the autonomous last mile delivery market report 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.
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Key Benefits for Stakeholders:
• 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.
• The overall autonomous last mile delivery market opportunity is determined by understanding the profitable trends to gain a stronger foothold.
• The report presents information related to the key drivers, restraints, and opportunities of the global autonomous last mile delivery with a detailed impact analysis.
• The current autonomous last mile delivery market is quantitatively analyzed from 2021 to 2030 to benchmark the financial competency.
• Porter's five forces analysis illustrates the potency of the buyers and suppliers in the industry.
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
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