The Future is Here: Delivery Robots Market to be Worth $1.8 Billion by 2028

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MarketsandMarkets Presents
The Delivery Robots Market is projected to grow
from USD 0.4 Billion in 2023 to USD 1.8 Billion
by 2028 it is expected to grow at a CAGR of
33.7 during the forecast period. The markets
growth is attributed to the increasing venture
funding and decline in cost associated with
last-mile deliveries. The growth of the
e-commerce market worldwide is expected to create
growth opportunities for the market.
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MarketsandMarkets Presents
Load Bearing Capacity (gt50 Kg) Robots to account
for a larger market share in 2023 Robots with a
load-carrying capacity of more than 50 kg are
mainly used to deliver groceries and heavy
parcels ordered by online shoppers. In terms of
volume, these robots accounted for a market share
of 26 in 2022. JD.com, the second-largest
online retailer in China, has developed an
autonomous delivery vehicle named JDX to carry
out its last-mile deliveries with a load-carrying
capacity of up to 300 kg. Another delivery robot
that falls into this category is R1, developed by
Nuro (US), capable of carrying 125 kg of cargo.
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MarketsandMarkets Presents
Hardware to hold a majority of the market share
during the forecast period The hardware segment
held a larger share of about 70 of the delivery
robots market in 2022, attributed to the costly
components such as LiDAR sensors and radars, as
they contribute majorly to the designing and
development cost of a robot. The LiDAR sensor
provides high-resolution, three-dimensional
information about the surrounding environment to
the delivery robot. This sensor not only locates
the position of people and objects around it but
also assesses the speed and route at which they
are moving. With the help of this information, an
onboard computer system can determine the safest
way for the autonomous driving vehicle to lead to
its destination.
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MarketsandMarkets Presents
Market in Asia Pacific to hold significant growth
opportunities during the forecast period The
market in Asia Pacific is expected to be worth
USD 430.4 million by 2028, growing at the highest
CAGR of 36.7 during the forecast period.
Australia and Japan are currently involved in the
testing of delivery robots. According to the
January 2023 press release by THE JAPAN TIMES
LTD., automated delivery robots remotely
monitored by humans will be able to hit Japanese
public roads from April 2023 under the revised
road traffic law. The trials for deliveries of
food and daily necessities by robots have also
been conducted in some of the residential and
business districts in Japan.
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MarketsandMarkets Presents
Key Players Major vendors in the Delivery
Robots market include Starship Technologies (US),
JD.com, Inc. (China), Panasonic Holdings
Corporation (Japan), Relay Robotics, Inc. (US),
and Nuro, Inc. (US)accounting for about 3545
market share. Starship Technologies (US), JD.com,
Inc. (China), among others. For More Details -
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