Autonomous Last Mile Delivery Market worth $4,964 million by 2030

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Autonomous Last Mile Delivery Market
worth 4,964 million by 2030 The Autonomous Last
Mile Delivery Market is valued at USD 860 million
in 2021 and is projected to reach USD 4,964
million by 2030, at a CAGR of 21.5. The
Incorporation of advanced sense and avoid
systems in aerial delivery drones, expansion
of e-commerce, and increased use of low-cost and
light payload drones by startups for product
delivery have led to the growth of autonomous
last mile aerial deliveries worldwide. Also,
growing usage of autonomous ground
delivery vehicle is witnessed in food and retail
sector. It is mainly due to congestion in urban
areas. Due to congestion, product delivery to
locations, address locate with the shortage
far-flung and remote
invalid or incorrect details, hard to
destinations, clubbed issue of severe labor
often result in increased product delivery costs.
Automatic delivery could be transformational for
the retail industry, decreasing delivery costs
by 80 to 90 compared to a human being
doing it. Furthermore, advancement in technology
for autonomous ground delivery vehicles and
increase in venture funding for the development
of next-level ground delivery vehicles has
enhanced the market growth. Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.asp?id41240862 During the outbreak of COVID-19
worldwide, families throughout the globe
preferred to self-isolate them and opted for the
method of arranging online orders for their daily
necessities. Thus, suppliers are implementing
autonomous means such as drones and robots, to
deliver the goods to the customer without any
human participation. The rising adoption of newer
last mile methods such as curbside pickup, parcel
lockers, along with delivery subscription were
launched which has flourished the last mile
delivery services across various nations. Based
on platform, the market in the aerial segment is
divided into Cargo Drone and Delivery Drone and
for ground segment the market is divided into
Delivery Bots and Self Driving Trucks and Vans.
The market for delivery drones in the aerial
segment and self-driving vans trucks in the
ground segment is projected to grow with higher
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CAGR due to the increasing need for autonomous
delivery solutions in food and retail sectors
and growing need of contact-less healthcare
supply deliveries using autonomous ground
vehicles /aerial drone sowing to COVID-19
pandemic. Based on range, aerial and ground
segments comprise of Short Range (lt Kilometers)
and long range segment (gt20 Kilometers). Long
range segment (gt20 Kilometers) is expected to
lead both the aerial and ground autonomous last
mile delivery markets, with the higher CAGR
during the forecast period. This is owing to high
portability, increased efficiency, and low
operating costs of aerial drone delivery
services. Also, the need to curb pollution in big
cities and need of long-range autonomous ground
robots which could reduce carbon dioxide
emissions to pose as the biggest driver for this
market segment. By Payload Weight, Aerial and
Ground segments are divided into lt5 kilograms,
510 kilograms, and gt10 kilograms. For Aerial
Section, 5-10 Kilograms Payload Weight segment
is expected to grow with highest CAGR and
for ground segment gt10 kilograms segment is
expected to grow with highest CAGR during the
forecast period. The ongoing advancements in
drone/autonomous ground vehicle logistics are
expected to boost the payload carrying capacity
of aerial delivery drones/ autonomous ground
vehicle and enhance the market growth. Based on
application, the aerial delivery drone market has
been segmented into logistics transportation,
healthcare pharmacy, and retail food.
Based on application, the ground delivery
vehicles market has been segmented into logistics
transportation and retail food. For both
aerial and ground segments retail food segment
is expected to grow with the highest CAGR during
the forecast period. One principal driver factor
for the market growth is the boom of e-commerce
propelled the need of faster one-day delivery
that positively boosted the drone
delivery/ground vehicle application market. Based
on solution, the aerial delivery
drone/ground delivery vehicle market is
classified into hardware, software, and
infrastructure. For both Aerial and Ground
segments infrastructure solution segment is going
to have the highest growth. The ongoing
technological up-gradation has boosted the
market for drone/ ground botsinfrastructure,
as present airframes and autonomous delivery
vehicles could be fitted with sophisticated
sensors and AI technology for better flight
control and performance. North America is
expected to hold the highest market share in
2021. North America is projected to lead the
autonomous last mile delivery market in 2021. The
US is the largest market for autonomous last mile
delivery in North America. The growing spending
by the US government organizations for
drone/autonomous ground vehicle upgradation and
private players along with deployment of
autonomous last mile delivery solutions are key
factors expected to drive the market in North
America.
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