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Emerging Trends Influencing The Growth Of The Artificial Intelligence-Enabled Last Mile Delivery Market: Innovative Solutions In AI-Enabled Last Mile Delivery
Artificial Intelligence-Enabled Last Mile Delivery
How Big Is the Artificial Intelligence-Enabled Last Mile Delivery Market Size Expected to Be by 2034?
The market size of last-mile delivery facilitated by artificial intelligence has seen a significant increase in its growth rate over the recent years. An upswing from $1.35 billion in 2024 to $1.57 billion in 2025, with a compound annual growth rate (CAGR) of 16.0%, is predicted. The expanding trend in the historical span is credited to factors like escalating demand in e-commerce, urbanization growth, elevating consumer anticipations, advancements in artificial intelligence and the rise in data analytics expertise.
In the coming years, the market size for last mile delivery enabled by artificial intelligence is projected to experience expedited growth. The market is estimated to reach $2.8 billion in 2029, having grown at a compound annual growth rate of 15.6%. Factors contributing to the predicted growth in this period include a greater integration of robotics, the rapid expansion of e-commerce, a growing IoT network, intensifying competition, and emerging regulatory changes. Key trends expected in this period encompass the use of electric vehicles, the employment of AI, sustainable delivery methods, quick commerce, and the uptake of contactless delivery.
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What Are the Emerging Segments Within the Artificial Intelligence-Enabled Last Mile Delivery Market?
The artificial intelligence-enabled last mile delivery market covered in this report is segmented -
1) By Type: Hardware, Software, Services, Predictive Analysis, Other Types
2) By Business Model: On-Demand Delivery, Other Business Models
3) By End-User Industry: E-Commerce, Logistics, HealTH*Care, Travel And Tourism, Food And Beverage, Other End-User Industries
Subsegments:
1) By Hardware: Delivery Drones, Autonomous Delivery Vehicles, GPS And Tracking Devices
2) By Software: Route Optimization Software, Delivery Management Software, Fleet Management Software
3) By Services: AI-Aased Delivery Services, AI Integration Services, AI Consulting Services
4) By Predictive Analysis: Demand Forecasting, Delivery Time Prediction, Customer Behavior Analytics
5) By Other Types: Smart Lockers, Automated Pickup Stations
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What Long-Term Drivers Are Shaping Artificial Intelligence-Enabled Last Mile Delivery Market Trends?
The surge in E-commerce operations is projected to drive the expansion of the artificial intelligence-powered last-mile delivery market. Such operations involve online actions like purchasing, offering, and swapping products and services over the internet. The development of the e-commerce retail sector is credited to factors including enhancements in internet infrastructure, the convenience provided by online shopping, shifts in consumer inclinations, and a growing use of digital platforms. AI-powered last-mile delivery amplifies the efficiency, reliability, and economical feasibility of e-commerce operations, leading to elevated customer satisfaction and expansion. For example, the International Trade Administration, a government agency based in the US, reported in November 2023 that e-commerce sales in the UK are predicted to have an annual growth rate of 12.6% by 2025. Additionally, as of January 2021, consumer e-commerce composed 36.3% of the UK's retail sector and is estimated to hit $285.60 billion by 2025. Consequently, the rise in E-commerce operations is fueling the growth of the artificial intelligence-powered last-mile delivery market.
Who Are the Top Competitors in Key Artificial Intelligence-Enabled Last Mile Delivery Market Segments?
Major companies operating in the artificial intelligence-enabled last mile delivery market report are NVIDIA Corporation; DoorDash Inc.; WorkWave LLC; Locus Robotics Corporation; FarEye Technologies Inc.; Bringg Delivery Technologies Ltd.; Magaya Corporation; Circuit Logistics Inc.; Shipwell Inc.; LogiNext Solutions Private Limited; Freightos Limited; Wise Systems Inc.; Route4Me Inc.; GetSwift Limited; Onfleet Inc.; Transmetrics AD; ClearMetal Inc.; Boxbot Inc.; Refraction AI Inc.; Robby Technologies Inc.; Rapidus Inc.; OptimoRoute Inc.; Routific Inc.; Detrack Systems Pte. Ltd.; PickPack LLC
What Artificial Intelligence-Enabled Last Mile Delivery Market Trends Are Gaining Traction Across Different Segments?
Prominent firms in the artificial intelligence-facilitated last-mile delivery sector are introducing AI assistants for supply chains to facilitate better management of goods' movement. These AI assistants in the supply chain enhance logistics and decision-making via smart automation. For example, in February 2024, a supply chain management firm based in the US, One Network Enterprises, introduced NEO Assistant, an innovative supply chain AI aid developed in-house. This tool provides improved decision-making avenues through real-time actionability, adaptive flows, intelligent prescriptions, and dynamic visual displays. Created on a single digital supply chain network, it offers comprehensive visibility and management from raw material to last-mile delivery with a singular data model and truth. NEO Assistant is constantly updated about the real-time status of the user's supply chain and re-assesses its presumptions when changes in this state occur.
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Which Regions Are Becoming Hubs for Artificial Intelligence-Enabled Last Mile Delivery Market Innovation?
North America was the largest region in the artificial intelligence-enabled last mile delivery market in 2024. The regions covered in the artificial intelligence-enabled last mile delivery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Artificial Intelligence-Enabled Last Mile Delivery Market?
2. What is the CAGR expected in the Artificial Intelligence-Enabled Last Mile Delivery Market?
3. What Are the Key Innovations Transforming the Artificial Intelligence-Enabled Last Mile Delivery Industry?
4. Which Region Is Leading the Artificial Intelligence-Enabled Last Mile Delivery Market?
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