According to The Business Research Company’s Autonomous Last Mile Delivery , The autonomous last mile delivery market size has grown exponentially in recent years. It will grow from $23.35 billion in 2023 to $30.11 billion in 2024 at a compound annual growth rate (CAGR) of 28.9%. The growth in the historic period can be attributed to e-commerce growth, increased traffic congestion, infrastructure investments, cost reduction imperative, urbanization trends..
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The autonomous last mile delivery market size is expected to see exponential growth in the next few years. It will grow to $83.37 billion in 2028 at a compound annual growth rate (CAGR) of 29.0%. The growth in the forecast period can be attributed to rising demand for contactless deliveries, focus on safety and reliability, last-mile challenges in healthcare, data security and privacy measures, contactless and touch-free deliveries. Major trends in the forecast period include expansion of drone delivery services, autonomous vehicles for urban deliveries, focus on sustainability and electric vehicles, collaborations and partnerships, rural and remote area delivery solutions, enhanced security features,technological innovations in navigation..
The growth of the e-commerce industry is expected to propel the growth of the autonomous last-mile delivery market. The e-commerce industry refers to the buying and selling of products and services online that focuses on same-day delivery and on-time delivery to provide a better customer experience. Various factors like workforce shortage, pandemic outbreaks, and supply chain disruptions are leading customers to shop online through e-commerce platforms. E-commerce companies are using drones and autonomous vehicles for the last stage of delivery of the courier and parcel to end-users at their doorsteps without human intervention. For instance, according to India Brand Equity Foundation, an India-based government export promotion agency, the e-commerce sector in India is estimated to reach $111.4 billion by 2025. Therefore, the rising e-commerce industry is driving the autonomous last-mile delivery market growth.
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The autonomous last mile delivery market covered in this report is segmented –
1) By Vehicle Type: Aerial Delivery Drone, Ground Delivery Bots, Self-Driving Trucks And Vans
2) By Solution: Hardware, Software, Service
3) By Range: Short Range, Long Range
4) By Application: Logistics, Healthcare And Pharmaceuticals, Food And Beverages, Retail, Other Applications
Technological advancements are shaping the autonomous last-mile delivery market. Companies manufacturing autonomous last-mile delivery solutions are investing in advanced technology to provide enhanced products and services to customers. For instance, in April 2021, Cleveron, an Estonia-based parcel delivery robots business, unveiled its latest unmanned semi-autonomous last-mile delivery vehicle, the Cleveron 701. Cleveron 701 is a semi-autonomous platform that may be customized by the operator to satisfy a variety of delivery requirements. The vehicle, for example, can function as a supermarket delivery robot with temperature-controlled parts, a mail delivery vehicle, or even a high-tech coffee robot or ice cream truck. It helps businesses to fulfill the increasing need for same-day delivery, which has been fueled by the recent acceleration of e-commerce and a quickly changing retail scene.
The autonomous last mile delivery market report table of contents includes:
- Executive Summary
- Autonomous Last Mile Market Characteristics
- Autonomous Last Mile Market Trends And Strategies
- Autonomous Last Mile Market – Macro Economic Scenario
- Global Autonomous Last Mile Market Size and Growth
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- Global Autonomous Last Mile Market Competitive Benchmarking
- Global Autonomous Last Mile Market Competitive Dashboard
- Key Mergers And Acquisitions In The Autonomous Last Mile Market
- Autonomous Last Mile Market Future Outlook and Potential Analysis
- Appendix
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