Press release
Delivery Robots Market to Deliver Phenomenal Expansion at 33.12% CAGR through 2031
Skyquest Technology
Delivery Robots Market [https://www.skyquestt.com/report/delivery-robot-market] size was valued at USD 219.1 million in 2022, USD 291.67 million in 2023 and is projected to reach USD 2876.29 million by 2031, growing at a CAGR of 33.12% in the forecast period (2024-2031).
Robots that can perform deliveries for multiple applications across different industry verticals are known as delivery robots. Delivery robots can carry out their function without the need for any human assistance at all. Advancements in robotics technology and the rapid growth of the e-commerce industry are key contributors to delivery robots market development.
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Automation is projected to be the prime trend for delivery robots as the integration of artificial intelligence in robotics picks up pace. Delivery robot companies can target the development of efficient and highly functional delivery robots to maximize their sales potential. Delivery robots that can easily blend in with human environments will be highly preferred as they are considered safer. Customization is also a vital trend that will determine the future of delivery robot providers worldwide. Food delivery will also be a key industry for delivery robots market players in the future.
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Food and e-Commerce Companies to Increase Adoption of Delivery Robots Over the Decade
Delivery robot companies should target the e-commerce and food industries to maximize their sales potential. Integration of advanced technologies to help delivery robots be autonomous will also be a key trend that market players will emphasize going forward. Delivery robot providers can also collaborate and partner with different delivery organizations and even governments to maximize their business potential in the future. Partnerships to develop and distribute novel delivery robots will also be crucial in determining the future of market growth in the long run. High demand for same-day delivery and emphasis on improving last-mile delivery services will also create new opportunities for delivery robot companies. Raising new capital to fund R&D efforts will be of the utmost importance for start-ups in the global delivery robots market.
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* In January 2022, Serve Robotics became the first organization to commercially launch level 4 self-driving robots in the world. These next-gen delivery robots were projected to redefine the complete delivery landscape in multiple industry verticals.
* The City of Helsinki announced the launch of phase 2 of its pilot program to test the use of autonomous delivery robots to deliver parcels in December 2023. The initiative was tested in Ruoholahti and Jatkasaari neighborhoods and managed by Forum Virium Helsinki.
* In February 2024, Uber Eats, a leading food ordering platform owned by Uber, announced that it would be using autonomous delivery robots to deliver food in Tokyo, Japan. Mitsubishi Electric, Cartken, and Uber Eats collaborated to make this possible.
* In April 2024, in a collaborative effort with LG Electronics, Kakao Mobility Corp., announced that they would be offering indoor delivery services. The South Korean Kakao Mobility is projected to bolster its lead in the autonomous last-mile delivery space with this move as it utilizes LG's CLOi ServeBot robots.
* Starship Technologies, a new name in the robotic delivery business announced that it had raised USD 90 million in a financing round back in February 2024. The company intended to use the newly raised capital to amp up its business expansion in the United States and the United Kingdom.
The global delivery robots market is highly opportune and this is true for all companies operating in this space. The nascent stage of delivery robot adoption allows any delivery robot provider to make significant gains by just providing good products.
Related Report:
Robotics Market [https://www.skyquestt.com/report/robotics-market]
About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific.
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