Press release
Autonomous Delivery Vehicles Industry Expected to Reach $3.09 Billion by 2029 at 23.8% CAGR
Autonomous Delivery Vehicles
Autonomous Delivery Vehicles Market Value Projection: How Much Will the Market Size by 2025?
In recent times, the market size for autonomous delivery vehicles has witnessed exponential growth. It is projected to expand from $1.07 billion in 2024 to $1.31 billion in 2025, boasting a compound annual growth rate (CAGR) of 23.3%. The surge in growth during the historic period is due to factors such as increased e-commerce demand, an escalating shortage of delivery drivers, a rise in the adoption of contactless deliveries, growing last-mile delivery costs, and heightened investment in autonomous technologies.
What Will Be the Market Growth Forecat for Autonomous Delivery Vehicles in 2029?
Expect monumental expansion in the autonomous delivery vehicles market in the ensuing years, skyrocketing to an evaluation of $3.09 billion in 2029, paired with a compound annual growth rate (CAGR) of 23.8%. The upcoming period of growth can be credited to the escalating employment of 5G networks, mounting demand for eco-friendly delivery alternatives, an emerging emphasis on hastening delivery periods, prioritizing cost-cutting measures in logistics, and an increased focus on fortifying the supply chain resilience. Key projections for this period also take into account technological progress in lidar and radar sensors, the establishment of urban autonomous delivery systems, the evolution of last-mile delivery robots, incorporation with smart city infrastructure, and advancements in autonomous convoy systems.
Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/autonomous-delivery-vehicles-global-market-report
What Are the Core Competitive Drivers in the Autonomous Delivery Vehicles Industry?
The rise in the e-commerce industry is anticipated to boost the autonomous delivery vehicles market's expansion in the future. The term e-commerce refers to the internet-based buying and selling of goods and services, encompassing online transactions, marketing, and customer interactions. The development of the e-commerce industry is largely influenced by the growing internet usage, which broadens access to online shopping and enhances consumer convenience worldwide. Autonomous delivery vehicles are utilized in e-commerce to provide quicker, more competent, and cost-effective last-mile delivery, thereby enhancing customer satisfaction and optimizing supply chains. For example, as per the United States Census Bureau, a government agency based in the US, total e-commerce sales were projected to be at $1,192.6 billion in 2024, signifying an 8.1% (±1.1) rise compared to 2023. Hence, the expanding e-commerce industry is fuelling the growth of the autonomous delivery vehicles market.
Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=23634&type=smp
Which Autonomous Delivery Vehicles Market Segment Is Projected to See the Fastest Growth?
The autonomous delivery vehicles market covered in this report is segmented -
1) By Vehicle Type: Ground Delivery Vehicles, Aerial Delivery Drones
2) By Component: Hardware, Software, Services
3) By Propulsion Type: Electric, Hybrid, Fuel Cell
4) By Application: Retail And E-commerce, Food And Beverages, Healthcare, Logistics, Other Applications
Subsegments:
1) By Ground Delivery Vehicles: Autonomous Delivery Robots (ADRs), Self-Driving Vans, Self-Driving Trucks, Delivery Pods
2) By Aerial Delivery Drones: Fixed-Wing Drones, Rotary-Wing Drones, Hybrid Drones
Which Trends Are Opening New Opportunities in the Autonomous Delivery Vehicles Market?
Firms dominating the market for autonomous delivery vehicles are concentrating on creating ground-breaking solutions such as unmanned delivery systems. This advancement plays a key role in enhancing efficiency, lowering expenses, and boosting last-mile logistics. Unmanned delivery systems are autonomous vehicles, inclusive of drones, that transport products without the need for human operators, thanks to cutting-edge technology like artificial intelligence, GPS, and sensors. As a case in point, in February 2025, WeRide Inc., a company specializing in autonomous driving technology in China, introduced the Robovan W5, a vehicle uniquely created for efficient, unmanned city logistics and last-mile deliveries. These vehicles are equipped with Level 4 autonomous driving technology and an inclusive 360-degree sensor system facilitating fully unmanned operation 24/7 in any weather or traffic condition. They have an unrivaled cargo capacity of 5.5 cubic meters in their category, accommodating a load of 1,000 kg and a range of up to 220 km. Additional features include intelligent path optimization, versatile cargo configurations, and the capability for multiple vehicle convoys, enhancing cost-effective, scalable urban logistics and expedited delivery solutions.
Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=23634&type=smp
Who Are the Leaders in the Autonomous Delivery Vehicles Market?
Major companies operating in the autonomous delivery vehicles market are Amazon.com Inc., Toyota Motor Corporation, Ford Motor Company, JD.com Inc., Hyundai Motor Company, FedEx Corporation, Continental AG, Uber Technologies Inc., Yandex N.V., Cruise LLC, Zipline International Inc., Nuro Inc., Gatik AI Inc., Oxbotica Ltd., Relay Robotics Inc., Einride AB, Starship Technologies Inc., Kiwibot Inc., ZMP Inc., Matternet Inc., Flytrex Aviation Ltd., Udelv Inc., Neolix Technologies Co. Ltd., Drone Delivery Canada Corp., Flirtey Inc.
Which Regional Autonomous Delivery Vehicles Markets Offer the Greatest Growth Potential?
North America was the largest region in the autonomous delivery vehicles market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the autonomous delivery vehicles market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Speak With Our Expert:
Saumya Sahay,
Americas: +1 310-496-7795,
Asia: +44 7882 955267 & +91 8897263534,
Europe: +44 7882 955267,
Email: saumyas@tbrc.info
The Business Research Company - www.thebusinessresearchcompany.com
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 Delivery Vehicles Industry Expected to Reach $3.09 Billion by 2029 at 23.8% CAGR here
News-ID: 4177079 • Views: …
More Releases from The Business Research Company
Uranium Ore Market Landscape to 2034: Key Forces Shaping the Next Decade of Grow …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Uranium Ore Market Size By 2025?
Over the past few years, the uranium ore market has experienced consistent growth. Projected to expand from $0.71 billion in 2024 to $0.74 billion in 2025, it boasts a compound annual growth rate (CAGR) of 4.4%. Factors contributing to…
Lithium Market Poised to Hit $10.19 Billion by 2029 with Accelerating Growth Tre …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Lithium Market Size Growth Forecast: What to Expect by 2025?
The scale of the lithium market has expanded swiftly in the past few years. It is projected to surge from $6.08 billion in 2024 to $6.89 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 13.3%. This…
Future of the Coal Mining Support Activities Market: Strategic Analysis and Fore …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Coal Mining Support Activities Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the market size of coal mining support activities has consistently expanded. It is projected to rise from a value of $82.24 billion in 2024 to reach $85.63 billion in 2025,…
Key Trends Influencing the Growth of the Mine Rescue Vehicle Market in 2025: Inn …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Mine Rescue Vehicle Market Through 2025?
In recent times, there has been swift expansion in the market for mine rescue vehicles. The market worth is set to inflate from $3.23 billion in 2024, escalating to $3.65 billion in 2025, showcasing a Compound…
More Releases for Delivery
Injectable Drug Delivery Market Injectable Drug Delivery Market
Leading market research firm SkyQuest Technology Group recently released a study titled ' Injectable Drug Delivery Market Global Size, Share, Growth, Industry Trends, Opportunity and Forecast 2024-2031,' This study Injectable Drug Delivery report offers a thorough analysis of the market, as well as competitor and geographical analysis and a focus on the most recent technological developments. The research study on the Injectable Drug Delivery Market extensively demonstrates existing and upcoming…
Last Mile Delivery: Your Fast Track to Delivery Efficiency
The importance of last-mile logistics has increased significantly in recent years due to the rapid growth of e-commerce, evolving consumer demands, and the necessity for efficient and timely deliveries. Covid-19 has also played a part in hastening the rise of last-mile deliveries. In logistics, 'first-mile' and 'last-mile' delivery are terms used to describe the movement of goods within the supply chain. The first leg of the supply chain journey commences…
Smart Drug Delivery Systems Market: Revolutionizing Healthcare Delivery
In a rapidly evolving landscape of healthcare, smart drug delivery systems (SDDS) have emerged as a transformative force, catering to the increasing demand for advanced treatment solutions. According to a recent report, the global smart drug delivery systems market was valued at a staggering US$ 8.7 billion in 2022, with projections indicating a remarkable CAGR of 15.2% from 2022 to 2031. By the end of this forecast period, the market…
Revolutionizing Last-Mile Delivery: The Growing Delivery Robots Market
"According to the research report, the global delivery robots market was valued at USD 148.07 million in 2022 and is expected to reach USD 2,148.92 million by 2032, to grow at a CAGR of 30.7% during the forecast period."
Polaris Market Research has recently published the latest update on Delivery Robots Market: By Size, Latest Trends, Share, Huge Growth, Segments, Analysis and Forecast, 2030 that offers detailed market analysis, encompassing its…
Nasal Drug Delivery Market - Effortless Delivery, Optimal Results: Nasal Drug De …
Newark, New Castle, USA - new report, titled Nasal Drug Delivery Market The report has been put together using primary and secondary research methodologies, which offer an accurate and precise understanding of the Nasal Drug Delivery market. Analysts have used a top-down and bottom-up approach to evaluate the segments and provide a fair assessment of their impact on the global Nasal Drug Delivery market. The report offers an overview of…
Telemedicine Market Report 2022 by Mode of Delivery, End User, Region-Cloud base …
The Telemedicine market will reach US$ 387.7 Mn by 2028 - Persistence Market Research (PMR), a well-known name in market research.
The current scenario is such that people and healthcare professionals are increasingly preferring virtual consulting due its low costs and effective treatment. This scenario is, by all means, favoring the Telemedicine market growth.
The forecast period (2022-2028) will see North America scale greater heights in the Telemedicine market. This is basically…
