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Autonomous Last Mile Delivery Market Size, Scope, Share, Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports
Autonomous Last Mile Delivery MarketThe global autonomous last mile delivery market size is expected to be valued at USD 11.90 Billion in 2021 and is projected to reach USD 84.72 Billion by 2030, registering a CAGR of 24.4% during the forecast period.
By Vehicle Type, the Ground delivery bots segment is expected to contribute the highest revenue in 2021, accounting for USD 4.56 Billion, and is estimated to reach USD 34.90 Billion by 2030, registering a CAGR of 25.5% during the forecast period.
By Region, North America is anticipated to be the highest revenue contributor, accounting for USD 4.83 Billion by 2021, and is estimated to reach USD 39.94 Billion by 2030, with a CAGR of 26.6%.
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Report Scope
Post COVID-19 pandemic, last mile delivery will certainly not look the same, as the companies are preparing for innovation shift post lift of the restrictions to rapidly assess and adapt their supply chains. For instance, an Orlando-based final mile delivery orchestration and fulfillment platform OneRail launched a new service called "QuickStart", to help retailers to curb the immediate final mile delivery capacity to support the eCommerce demand spike caused by COVID-19. Due to this platform, OneRail has registered a 700% growth in parcel deliveries by volume during the last weeks of March. Such types of innovations have also enabled the key players in the autonomous last mile delivery industry to come up with different techniques to increase their business during and after the pandemic.
Before COVID-19 maintained its grip across the globe, the fourth industrial revolution by World Economic Forum was declared, which has predicted a greater change in the last mile delivery services across the globe. Based on the predictions of industry experts, a growth of 20% is projected in online retail share by 2023 followed by a 10% growth in the delivery processes followed by the adoption of autonomous vehicles in last mile delivery services by 2024.
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Segment by Solution
• Hardware
• Software
• Service
Segment by Application
• Logistics
• Healthcare & Pharmaceuticals
• Food & Beverages
• Retail
• Others
By Companies
Airbus S.A.S., Matternet, Flirtey, Drone Delivery Canada, Flytrex, Amazon.com, JD.com, Inc., Marble Robot, Starship Technologies, Savioke, DHL International GmbH, United Parcel Service of America, Inc. and DPD.
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