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Autonomous Last Mile Delivery Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports
The 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.Get Free Sample: https://reports.valuates.com/request/sample/ALLI-Manu-0J34/Autonomous_Last_Mile_Delivery_Market
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%.
Purchase Regional Report: https://reports.valuates.com/request/regional/ALLI-Manu-0J34/Autonomous_Last_Mile_Delivery_Market
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.
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.
Autonomous Last Mile Delivery Market Trends
Increase in developments by the top market players boosts the growth of the autonomous last mile delivery industry. For instance, Amazon has launched a 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 facilitated Amazon to introduce a new concept in the field of autonomous last mile delivery service. The automotive last mile delivery market forecast encounters various developments carried out by top companies which leads to the growth of the market.
The factors such as an increase in demand for the fast delivery of packages and rise in technological advancements in delivery vehicles drive the autonomous last mile delivery market growth. However, the lack of required infrastructure to support operations of autonomous delivery services and government regulations is expected 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 expansion of the autonomous last mile delivery market.
Increase in Demand for Fast Delivery of Packages
With the advent in online shopping along with the customer's inclination toward buying products through an online source, the demand for better and more efficient delivery service for the products has increased. With the advent in the COVID-19 pandemic, customer's preference toward online shipping of daily necessities has increased, which has supplemented the growth of the autonomous last mile delivery market. For instance, there has been a spike in the e-grocery orders in China due to consumer's inclination toward e-commerce companies such as JD.com, Alibaba Group and MTDP to shop virtually for their household needs. This is practised to avoid face-to-face contact among individuals during the pandemic. Also, to curb the need to avoid direct contact among individuals, JD.com in China has deployed its autonomous robot delivery technology in Wuhan to handle grocery and medical package deliveries. In addition, various means to deliver a package such as by drones or by autonomous vehicles have increased due to the demand for the fast delivery of packages, which further boosts the growth of the autonomous last mile delivery market across the globe.
Rise in Technological Advancements in Delivery Vehicles
The trend for delivery of packages by means of drones and other autonomous vehicles has increased due to technological advancement along with the demand for faster delivery of packages. The COVID-19 pandemic has accelerated the adoption of technologies such as artificial intelligence (AI) along with advanced demand sensing algorithms in last mile delivery services; thus, creating a competitive advantage among key players in the industry. Various companies providing drone delivery services have made innovations and developments to deliver packages to longer distances without human involvement, which further boosts the market growth. For instance, Zipline along with other companies is effectively delivering the medical services in Ghana and Rwanda by means of drones. Such collaborations and technological advancements in delivery vehicles drive the growth of the autonomous last mile delivery market across the globe.
Lack of Required Infrastructure to Support Operations of Autonomous Delivery Services
Without the availability of proper infrastructure for autonomous vehicles to deliver products and services, the autonomous last mile delivery market is affected to a much larger extent eventually hampering the growth of the market. Proper infrastructure includes a fixed path for ground delivery bots and self-driving trucks & vans and specific route for aerial delivery drones without which the delivery services are affected, causing unexpected delays in the delivery of products and services. Hence, lack of required infrastructure to support operations of autonomous delivery services hampers the growth of the autonomous last mile delivery market across the globe.
The surge in the development of aerial delivery drones that function smoothly in geographically challenging areas
Various developments have been carried out by the top companies for the development of aerial delivery drones, which can deliver products and services in geographically challenged areas. This reduces the human involvement to deliver products and services to distant places as this can be carried out by means of aerial delivery drones. During the COVID-19 pandemic situation, last mile delivery giant UPS has collaborated with Germany-based drone maker company Wingcopter.
This collaboration is to accelerate the adoption of aerial drones for contactless delivery of packages. Such collaborations and developments carried out by several other players is expected to boost the growth of the autonomous last mile delivery market in the region. In addition, regions such as South Korea have carried out tests for delivery of packages in the remote areas hoping to improve the lifestyle of residents in the region. Thus, the development of aerial delivery drones that function smoothly in geographically challenging areas is anticipated to provide lucrative growth opportunities for the market during the COVID-19 pandemic situation.
Autonomous Last Mile Delivery Market Segment Review
The global autonomous last mile delivery market is segmented on the basis of application, solution, range, vehicle type, and region. Based on application, the market is categorized into aerial delivery drones, ground delivery vehicles, self-driving trucks & bus, retail, and others. Depending on solution, it is fragmented into hardware, software, and service. By range, it is bifurcated into short range (20 km). Based on vehicle type, the market is divided into aerial delivery drones, ground delivery vehicles, and self-driving trucks & bus. The autonomous last mile delivery market analysis is done across North America, Europe, Asia-Pacific, and LAMEA.
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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