Global autonomous last mile delivery market size to record 19.15% CAGR through 2028
The research report on ‘global autonomous last mile delivery market’ offers granular analysis of the major growth stimulants, challenges & restraints, and other expansion avenues which are likely to impact the growth rate of this business vertical over the period of 2021-2028.
Selbyville, Delaware, April 06, 2021 (GLOBE NEWSWIRE) -- Estimates cite that global autonomous last mile delivery market is likely to generate revenues worth USD 12.24 billion in 2021 and will account for USD 41.74 billion by 2028, recording a CAGR of 19.15% during the study period. This growth can be primarily attributed to growing demand for fast delivery systems and shifting preferences towards adopting delivery drones.
Furthermore, the study talks about the several market segmentations and elaborates on their individual impact on the revenue prospects of this industry vertical. It also describes the geographical landscape as well as the competitive arena in detail, allowing for high-profitability as well as a competitive lead for companies or individuals looking to invest in this market space.
Considered as one of the most cumbersome and expensive aspects of logistic processes, autonomous last mile delivery primarily involves the use of remotely operated vehicles or drones used for delivering objects. The delivery usually eliminates the need for human intervention or labor costs, thereby stimulating the industry outlook.
The increased need for fast deliveries is one of the key factors driving the studied market’s growth. With increased technology and growing competition among eminent logistics and e-commerce players, the delivery time has drastically reduced. Moreover, some e-commerce giants are also delivering products within a few days, putting significant pressure on companies to decrease their delivery time. Here, the critical problem is the management of last mile logistics operations. Hence, enterprises are aiming to deploy technologies, such as autonomous drones, vehicles, and bots. These technologies display the potential for lower delivery time and error.
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Rapid expansion and highly competitive nature of the e-commerce sector has resulted in major companies focusing towards technological breakthroughs in order to reduce the overall delivery time, which in turn is contributing towards global autonomous last mile delivery industry remuneration.
On the contrary, strict regulatory outlook and lack of inadequate infrastructure could potentially hamper the remuneration scale of global autonomous last mile delivery industry.
*Highlighting the geographical reach*
The overall market, based on regional scope, is fragmented on the basis of North America, Asia-Pacific, Europe, Latin America, and Middle East & Africa
*North America*
According to reliable predictions, autonomous last mile delivery industry size in North America is anticipated to showcase a y-o-y growth rate of 19.81% through 2028. Proliferating e-commerce sales, early adoption of the technology, and extreme weather conditions, especially in Canada, are favoring the regional market outlook.
In Canada, the widespread geography and extreme weather conditions often create problems for people in remote locations to acquire daily essential products, further making it a complicated and costly process. This has led to the development of the country's e-commerce sector, owing to mobile and internet technology advancements, free returns, and comfort in online shopping. Moreover, with e-commerce sales proliferating, the consumer preferences and expectations towards the delivery process have also enhanced. Hence, such factors are expected to strengthen the deployment of autonomous technologies in the last mile delivery process, thereby fueling the Canadian autonomous last mile delivery market on a growth path.
*Europe*
Europe autonomous last mile delivery market share is expected to register a compound annual growth rate of 19.40% between 2021 and 2028. Flourishing e-commerce sector, increasing utilization of delivery drones for supplying medical products amidst the ongoing COVID-19 pandemic, and presence of well-established retail manufacturing sector is facilitating the business scenario in Europe.
France is among the countries hosting the largest e-commerce sector. This rise in the e-commerce industry is anticipated to assist in the adoption of autonomous technologies in the last mile deliveries, owing to their cost-effective capabilities. Furthermore, the country began using robots in medical institutes to carry out different tasks, including disinfecting rooms, in the wake of the COVDI-19 outbreak. Similarly, restaurants have also started experimenting by deploying robots to decrease human contact, incorporating innovative solutions to facilitate social distancing.
*Asia-Pacific*
Autonomous last mile delivery market size in Asia-Pacific is set to record a 18.14% CAGR during 2021-2028, owing to booming online retail platforms, favorable government initiatives, and technological developments.
E-commerce sector has seen tremendous growth, experiencing significant benefits. The use of drones for delivery purposes require innovative logistics support to enhance the overall process. Hence, multiple regulations associated with drones have been methodically established to make India among the leading countries in the drone delivery segment. Additionally, several companies are commencing the use of drones for delivery purposes.
For instance, companies such as Swiggy, Zomato, and Dunzo, have allegedly gained consent from the Directorate General of Civil Aviation (DGCA) to conduct trail fly drone deliveries across the country. Hence, these factors influence the demand for autonomous delivery services, simultaneously boosting the autonomous last mile delivery market in India.
*Latin America*
Latin America autonomous last mile delivery industry is likely to witness a y-o-y growth rate of 17.02% through 2028. The alarming increase in COVID-19 cases has resulted in consumer preferences towards opting for drone delivery technologies. In addition, growing e-commerce sector and relevant technological advancements are complementing the business dynamics in Latin America.
In Mexico, the majority of the population are internet users, with a large sum of people using smartphones. Moreover, with smartphone costs reducing and rising trends in internet usage, the e-commerce sector is expected to gain significant traction in the country during the considered years. This will further influence the adoption of autonomous technologies in the last mile delivery process.
Additionally, the COVID-19 outbreak has opened several opportunities for drone delivery technologies to display growth trends across Mexico. For instance, in July, the government deployed drones to deliver facemasks to hospitals across the nation to prevent human contact. Hence, the factors mentioned above are predicted to open multiple avenues for Mexico?s autonomous last mile delivery market in the next few years.
*Global Autonomous Last Mile Delivery Market by Vehicle Type (Revenue, USD Million, 2021-2028)*
· Aerial Delivery Drones
· Self-Driving Vehicles
· Ground Delivery Bots
*Global* *Autonomous Last Mile Delivery Market by Solution (Revenue, USD Million, 2021-2028)*
· Services
· Software
· Hardware
*Global Autonomous Last Mile Delivery Market by Range (Revenue, USD Million, 2021-2028)*
· Long Range (>20 km)
· Short Range (<20 km)
*Global Autonomous Last Mile Delivery Market Application Landscape (Revenue, USD Million, 2021-2028)*
· Logistics
· Food & Beverages
· Healthcare & Pharmaceuticals
· Retail
· Others
*Global Autonomous Last Mile Delivery Market Geographical Spectrum (Revenue, USD Million, 2021-2028)*
*North America*
· Canada
· United States
*Latin America*
· Mexico
· Brazil
· Rest of Latin America
*Europe*
· Italy
· Germany
· Spain
· France
· Russia
· United Kingdom
· Rest of Europe
*Asia-Pacific*
· Australia & New Zealand
· South Korea
· China
· Japan
· India
· Rest of Asia-Pacific
*Middle East & Africa*
· South Africa
· Saudi Arabia
· UAE
· Rest of Middle East & Africa
*Global Autonomous Last Mile Delivery Market Competitive Dynamics (Revenue, USD Million, 2021-2028)*
· Robby Technologies Inc.
· Eliport
· Walmart Inc.
· Waymo LLC
· United Parcel Service
· DHL International GmbH
· FedEx Corp.
· Zipline
· Marathon Targets
· Nuro
· Savioke Inc.
· Starship Technologies
· Matternet Inc.
· JD.com Inc.
· Flytrex
· Flirtey
· Drone Delivery Canada
· Amazon.com Inc.
· Airbus S.A.S.
*TABLE OF CONTENTS *
*1. GLOBAL AUTONOMOUS LAST MILE DELIVERY MARKET - SUMMARY*
*2. INDUSTRY OUTLOOK*
2.1. MARKET DEFINITION
2.2. KEY INSIGHTS
2.3. PORTER’S FIVE FORCES ANALYSIS
2.4. MARKET ATTRACTIVENESS INDEX
2.5. VENDOR SCORECARD
2.6. MARKET DRIVERS
2.7. MARKET RESTRAINTS
2.8. MARKET OPPORTUNITIES
2.9. IMPACT OF COVID-19 PANDEMIC ON AUTONOMOUS LAST MILE DELIVERY MARKET
*3. GLOBAL AUTONOMOUS LAST MILE DELIVERY MARKET OUTLOOK - BY VEHICLE TYPE*
3.1. GROUND DELIVERY BOTS
3.2. SELF-DRIVING VEHICLES
3.3. AERIAL DELIVERY DRONES
*4. GLOBAL AUTONOMOUS LAST MILE DELIVERY MARKET OUTLOOK - BY SOLUTION*
4.1. HARDWARE
4.2. SOFTWARE
4.3. SERVICES
*5. GLOBAL AUTONOMOUS LAST MILE DELIVERY MARKET OUTLOOK - BY RANGE*
5.1. SHORT RANGE (< 20 KM)
5.2. LONG RANGE (> 20 KM)
*6. GLOBAL AUTONOMOUS LAST MILE DELIVERY MARKET OUTLOOK - BY APPLICATION*
6.1. RETAIL
6.2. FOOD & BEVERAGES
6.3. HEALTHCARE & PHARMACEUTICALS
6.4. LOGISTICS
6.5. OTHER APPLICATIONS
*7. GLOBAL AUTONOMOUS LAST MILE DELIVERY MARKET REGIONAL OUTLOOK*
*Related Report: *
*MIDDLE EAST AND AFRICA AUTONOMOUS LAST MILE DELIVERY MARKET 2021-2028 *
The autonomous last mile delivery market in the Middle East and Africa is predicted to register growth in revenue at a CAGR of 18.48% in the years 2021-2028. In the United Arab Emirates, the rise in the e-commerce sector since the pandemic outbreak has revived the interest of consumers in self-driven delivery services. Moreover, the government has laid out a new law covering the use, circulation, registration, and possession of drones in Dubai. In May 2020, Reliable Robotics, a local robotics company, introduced a fleet of coronavirus bots that are efficient in disinfecting, discovering, and delivering food and medicines to support the health worker amidst the pandemic. Furthermore, in July 2020, Dubai took its initial steps in creating a commercial drone network by setting out a plan for the development of small helipads and air traffic control systems. Such significant developments in autonomous technologies are likely to propel the autonomous last mile delivery market on a positive growth trajectory.
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