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Autonomous Last Mile Delivery Market Report 2024: Strategies And Recent Developments
Autonomous Last Mile Delivery Market
The Business Research Company offers in-depth market insights through Autonomous Last Mile Delivery Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The autonomous last mile delivery market size has grown exponentially in recent years. It will grow from $23.35 billion in 2023 to $30.11 billion in 2024 at a compound annual growth rate (CAGR) of 28.9%. The growth in the historic period can be attributed to e-commerce growth, increased traffic congestion, infrastructure investments, cost reduction imperative, urbanization trends..
The autonomous last mile delivery market size is expected to see exponential growth in the next few years. It will grow to $83.37 billion in 2028 at a compound annual growth rate (CAGR) of 29.0%. The growth in the forecast period can be attributed to rising demand for contactless deliveries, focus on safety and reliability, last-mile challenges in healthcare, data security and privacy measures, contactless and touch-free deliveries. Major trends in the forecast period include expansion of drone delivery services, autonomous vehicles for urban deliveries, focus on sustainability and electric vehicles, collaborations and partnerships, rural and remote area delivery solutions, enhanced security features,technological innovations in navigation..
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Market Segmentation:
The autonomous last mile delivery market covered in this report is segmented -
1) By Vehicle Type: Aerial Delivery Drone, Ground Delivery Bots, Self-Driving Trucks And Vans
2) By Solution: Hardware, Software, Service
3) By Range: Short Range, Long Range
4) By Application: Logistics, Healthcare And Pharmaceuticals, Food And Beverages, Retail, Other Applications
Major Driver - E-Commerce Boom Fuels Growth In The Autonomous Last-Mile Delivery Market
The growth of the e-commerce industry is expected to propel the growth of the autonomous last-mile delivery market. The e-commerce industry refers to the buying and selling of products and services online that focuses on same-day delivery and on-time delivery to provide a better customer experience. Various factors like workforce shortage, pandemic outbreaks, and supply chain disruptions are leading customers to shop online through e-commerce platforms. E-commerce companies are using drones and autonomous vehicles for the last stage of delivery of the courier and parcel to end-users at their doorsteps without human intervention. For instance, according to India Brand Equity Foundation, an India-based government export promotion agency, the e-commerce sector in India is estimated to reach $111.4 billion by 2025. Therefore, the rising e-commerce industry is driving the autonomous last-mile delivery market growth.
Competitive Landscape:
Major companies operating in the autonomous last mile delivery market report are Amazon com Inc.,DHL Group,Geopost,Drone Delivery Canada Corp.,Flirtey Inc.,Flytrex Inc., JD com Inc.,Caterpillar Inc,Matternet Inc.,Relay Robotics, Starship Technologies Inc.,MercuryGate International Inc., Dronescan Ltd.,Edron Business Systems, Nuro Inc.,Unsupervised com Inc., Kiwi Campus Inc., Eliport Inc.,Skycart Inc., Refraction AI Inc., Robby Technologies Inc., Udelv Inc.,Kiwi Campus Inc.,Starship Technologies,Carrypicker GmbH,B-ON GmbH,Blue Dart Express Ltd.,Workhorse Group Inc.,Aeva Technologies Pvt Ltd.,Baidu Inc.
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Top Trend - Technological Advancements Enhance Autonomous Last-Mile Delivery Market Presence
Technological advancements are shaping the autonomous last-mile delivery market. Companies manufacturing autonomous last-mile delivery solutions are investing in advanced technology to provide enhanced products and services to customers. For instance, in April 2021, Cleveron, an Estonia-based parcel delivery robots business, unveiled its latest unmanned semi-autonomous last-mile delivery vehicle, the Cleveron 701. Cleveron 701 is a semi-autonomous platform that may be customized by the operator to satisfy a variety of delivery requirements. The vehicle, for example, can function as a supermarket delivery robot with temperature-controlled parts, a mail delivery vehicle, or even a high-tech coffee robot or ice cream truck. It helps businesses to fulfill the increasing need for same-day delivery, which has been fueled by the recent acceleration of e-commerce and a quickly changing retail scene.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Autonomous Last Mile Delivery Market Characteristics
3. Autonomous Last Mile Delivery Market Trends And Strategies
4. Autonomous Last Mile Delivery Market - Macro Economic Scenario
5. Autonomous Last Mile Delivery Market Size And Growth
…..
27. Autonomous Last Mile Delivery Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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