Press release
Autonomous Last Mile Delivery Market is Forecasted to Reach US$ 106.27 Billion by 2034
With projections to expand at a CAGR of 19.7%, the global autonomous last mile delivery market is forecasted to increase from a valuation of US$ 17.45 billion in 2024 to US$ 106.27 billion by the end of 2034.Autonomous last-mile delivery utilizes self-driving vehicles to transport goods or services directly to customers' homes, eliminating the need for human intervention. This approach ensures timely delivery while upholding the company's reputation and market standing. The surge in internet usage and the expansion of e-commerce have spurred the demand for efficient delivery methods, prompting businesses to explore innovative solutions.
For Critical Insights on This Market, Request For More Info https://www.factmr.com/connectus/sample?flag=S&rep_id=5801
In recent years, there has been a fast increase in demand for autonomous last mile deliveries. The market has seen significant expansion in recent years due to developments in delivery system technology. The market's expansion can be linked to the growing use of autonomous vehicles to deliver goods without the need for human intervention.
Furthermore, the growth of the e-Commerce business has resulted in improved delivery methods, resulting in better and more efficient product delivery, which is fueling demand for autonomous last mile delivery.
North America is the most important market for self-driving last-mile deliveries. The increased demand for contactless delivery systems in the region is the cause for this high market share. In order to avoid the spread of COVID-19, various autonomous last mile delivery services have recently emerged to meet the ongoing demand for contactless delivery.
To address this, companies like Starship Technologies, Savioke, Nuro, and others are developing drone platforms for use in logistics and transportation, healthcare and pharmacies, and retail and food delivery, among other applications. Several companies, however, are proposing ground delivery vehicle technology, such as bots and self-driving trucks, for product distribution.
"Manufacturers of aerial delivery drones are developing platforms with AI technology to enhance delivery processes. Recently, aerial drones with rotatory wings integrated with software solutions that supports the functionality of AI technology have been launched," says a Fact.MR analyst.
Key Drivers:
Expansion of the e-Commerce industry has led to upgraded delivery systems. This has resulted in better and more efficient product distribution, which is fueling demand for autonomous last mile delivery.
Surge in Covid-19 has resulted in demand for contactless delivery thus driving the autonomous last mile delivery market growth.
Looking for A customization report click here@ https://www.factmr.com/connectus/sample?flag=RC&rep_id=5801
Some of the leading players operating in the autonomous last mile delivery market profiled by Starship Technologies; Savioke; Nuro; Jd.Com; Amazon; Eliport; Robby Technologies; KiwicampusCompetitive Landscape
The majority of the organizations profiled in the research have been working to improve their current operating framework. The following are some of the most significant developments:
By 2021, Amazon plans to invest $2 billion in electric vehicles to minimize pollution throughout its businesses. Amazon partnered with Mahindra Electric to purchase 100,000 electric delivery cars.
In 2021, Starship Technologies announced intentions to expand its robotics delivery services in order to combat the spread of COVID-19. In addition, the corporation is spreading its e-Commerce services to a number of other countries.
Market Segmentations
By Platform:
Aerial Delivery Drones
Ground Delivery Vehicles
By Solution:
Hardware
Infrastructure
Software
By Range:
< 20 Kilometers
> 20 Kilometers
Payload Weight
< 5 Kilograms
5 to 10 Kilograms
10 Kilograms
By Application:
Logistics & Transportation
Healthcare & Pharmacies
Retail & Food
By Region:
North America
Latin America
Western Europe
Eastern Europe
East Asia
South Asia & Oceania
Middle East & Africa
Read More - https://www.factmr.com/report/autonomous-last-mile-delivery-market
About Fact.MR:
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.
Contact:
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232 (D)
Sales Team: sales@factmr.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Autonomous Last Mile Delivery Market is Forecasted to Reach US$ 106.27 Billion by 2034 here
News-ID: 3565992 • Views: …
More Releases from Fact.MR
Insulated Drinkware Market to Hit USD 2.57 Billion by 2033 | YETI, Thermos L.L.C …
The global insulated drinkware market was valued at US$ 1.39 billion in 2023 and is forecasted to expand at a 6.3% CAGR over the next ten years. Worldwide sales of insulated drinkware are projected to reach US$ 2.57 billion by 2033-end.This robust growth is driven by increasing consumer awareness of sustainability, rising participation in outdoor activities, and the growing demand for reusable, eco-friendly products amid bans on single-use plastics.
The market…
Digital Twin Market is Growing at a CAGR of 34.3% d by 2033 | Key Players: ABB L …
Digital Twin Market is valued at USD 5 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 34.3%, reaching USD 95 billion by 2033. This explosive growth is driven by the increasing adoption of digital twins across industries to optimize operations, reduce costs, and enhance decision-making through virtual replicas of physical assets. Digital twins integrate IoT, AI, and data analytics to simulate real-world…
Hemato Oncology Testing Market is Forecasted to Reach USD 23.64 Billion by 2033 …
The global hemato oncology testing market is valued at USD 4.33 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 18.5%, reaching USD 23.64 billion by 2033. This rapid growth is driven by the increasing prevalence of blood-related cancers, such as lymphoma and leukemia, and advancements in diagnostic technologies like next-generation sequencing (NGS) and polymerase chain reaction (PCR). Hemato oncology testing plays a…
Osseointegration Implants Market is Anticipated to Reach USD 6.85 Billion by 203 …
Osseointegration Implants Market is poised for robust growth, with its valuation projected to rise from USD 3.17 billion in 2025 to USD 6.85 billion by 2035, reflecting a compound annual growth rate (CAGR) of 8%. This expansion is driven by the increasing prevalence of orthopedic and dental disorders, such as osteoarthritis, rheumatoid arthritis, and edentulism, which necessitate advanced implant solutions. Osseointegration implants, which fuse directly with bone to provide stable…
More Releases for Technologies
IFAS Technologies Market is Booming with Strong Growth Prospects | Veolia Water …
HTF MI introduces new research on IFAS Technologies covering the micro level of analysis by competitors and key business segments (2023-2029). The IFAS Technologies explores a comprehensive study of various segments like opportunities, size, development, innovation, sales, and overall growth of major players. The research is carried out on primary and secondary statistics sources and it consists of both qualitative and quantitative detailing.
Some of the major key players profiled…
GPS Low Noise Amplifiers Market | API Technologies, Broadcom Limited(Avago Techn …
The global gps low noise amplifiers market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the gps low noise amplifiers market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants.
From the perspective of market dynamics, this report explores the factors driving…
What's Driving the Microprinting Market Growth? Hewlett Packard Enterprise, Hita …
Rising awareness regarding counterfeiting in various sectors is expected to increase microprinting market share over 2019-2025. Increasing fraudulent activities with regards with official documents is encouraging implementation of security printing techniques to detect counterfeiting.
According to OECD (Organization for Economic Co-operation & Development), the trade in pirated and counterfeit goods accounts for 3.3% of global trade. The increased frequency of plagiarism is forcing industries to employ security features to assure authenticity…
Global 3D Sensors Market 2020-Infineon Technologies, Microchip Technology, Omniv …
The Global 3D Sensors Market report gives a purposeful depiction of the area by the practice for research, amalgamation, and review of data taken from various sources. The market analysts have displayed the different sidelines of the area with a point on recognizing the top players Infineon Technologies, Microchip Technology, Omnivision Technologies, PMD Technologies, Softkinetic, Asustek Computer, Cognex Corporation, IFM Electronic GmbH, Intel Corporation, LMI Technologies, Microsoft Corporation of the…
Silicon Photonics Market | Infinera, NeoPhotonics, Avago technologies, Luxtera, …
The lucrative opportunity foreseen to boost silicon photonics market mainly is surging demand for data and telecom communication. Key players such as Cisco are observed as making heavy investments in silicon photonics market for attaining large market share and elevating its global position in silicon photonics market at the market’s nascent stage.
HPC (High Performance Computer) and Data Centers to Lead in Silicon Photonics Market
HPC (High Performance Computer) and data centers…
Global 3D Sensor Market 2018 - Omnivision Technologies, Occipital, Infineon Tech …
The report gives the detailed overview of Global "3D Sensor" Market 2018 and predicts future market trends throughout the forecast period from 2018 to 2025. Also the report executes the great study of Price and Gross Margin, Capacity, Production, Revenue, current geographical zones, technology, demand-supply, Consumption, Import, Export, Market Drivers and Opportunities. In this Professional report, we have investigated the principals, players in the market, product type, and market end-client…
