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Market Structure, Emerging Trends, and Key Player Analysis in the Artificial Intelligence-Enabled Last Mile Delivery Sector
Artificial Intelligence-Enabled Last Mile Delivery Market
Projected Growth of the Artificial Intelligence-Enabled Last Mile Delivery Market
The artificial intelligence-enabled last mile delivery market is anticipated to experience swift expansion over the coming years. By 2030, its value is expected to rise to $2.94 billion, reflecting a compound annual growth rate (CAGR) of 13.0%. This surge is driven by several factors including the rollout of autonomous delivery systems, initiatives promoting smart cities, goals aimed at reducing carbon emissions, enhanced real-time customer analytics, and the rapid growth of on-demand delivery services. Key trends set to influence the market include broader adoption of AI-driven route optimization, increasing use of autonomous delivery vehicles, expanded predictive delivery analytics, integration of real-time tracking capabilities, and rising demand for quicker fulfillment.
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Prominent Companies Influencing the Artificial Intelligence-Enabled Last Mile Delivery Industry
Several major players are shaping this fast-evolving market. Notable companies include FarEye Technologies Inc., Bringg Delivery Technologies Ltd., LogiNext Solutions Private Limited, Onfleet Inc., Route4Me Inc., OptimoRoute Inc., Routific Inc., Wise Systems Inc., Circuit Logistics Inc., GetSwift Limited, Detrack Systems Pte. Ltd., WorkWave LLC, Transmetrics AD, ClearMetal Inc., Shipday Inc., Deliforce Technologies Pvt. Ltd., Shipsy Inc., Dropoff Inc., Stuart Delivery Ltd., and Paack Logistics.
A key development occurred in February 2023 when The Descartes Systems Group Inc., a logistics technology firm based in Canada, acquired GroundCloud for about US$138 million. This acquisition aimed to enhance Descartes' last-mile delivery and compliance offerings by integrating GroundCloud's carrier-centric safety, compliance, routing, and telematics solutions into its broader platform. GroundCloud, headquartered in the US, specializes in cloud-based final-mile carrier solutions, including delivery order management, route planning and execution, as well as driver safety training and monitoring.
Emerging Trends Shaping Artificial Intelligence-Enabled Last Mile Delivery
Leading companies in the market are innovating by developing AI-powered supply chain assistants designed to improve the flow of goods in and out of logistics networks. These AI assistants enhance supply chain operations by optimizing logistics and enabling smarter decision-making through automation.
For example, in February 2024, US-based supply chain management firm One Network Enterprises launched the NEO Assistant, an AI-powered supply chain helper. NEO Assistant supports better decisions by providing real-time actionable insights, adaptive workflows, intelligent recommendations, and interactive visualizations. Built on a unified digital supply chain network, this tool delivers end-to-end visibility and control, maintaining a single source of truth from raw materials all the way through last-mile delivery. It continuously updates its understanding of the supply chain's real-time status, adjusting its recommendations accordingly.
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Segments Included in the Artificial Intelligence-Enabled Last Mile Delivery Market Report
This market is segmented into distinct categories to cover a broad spectrum of products and services:
1) By Type: Hardware, Software, Services
2) By Business Model: On-Demand Delivery, Scheduled Delivery Model
3) By End-User Industry: E-Commerce, Logistics, Food and Beverage, Other End-User Industries
Further breakdowns include:
- Hardware: Delivery Drones, Autonomous Delivery Vehicles, GPS and Tracking Devices
- Software: Route Optimization Software, Delivery Management Software, Fleet Management Software
- Services: AI-Based Delivery Services, AI Integration Services, AI Consulting Services
This segmentation highlights the diverse technological and operational components fueling the growth of AI-enabled last mile delivery solutions worldwide.
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