Back in 2019, a Gartner CIO Survey indicated that 80% of last-mile deliveries will be autonomous by 2025. Now, an Allied Market Research report that looked at the global autonomous last mile delivery industry indicates that market is projected to be valued at $11.12 billion in 2021 and will reach $75.64 billion by 2030, growing at a CAGR of 23.7% from 2021 to 2030. A sample of the report is available here.
Drivers, restraints, and opportunities
Demand for fast delivery of packages, and technological advancements in delivery vehicles are the major factors driving the growth of the autonomous last mile delivery market. On the other hand, lack of required infrastructure to support operations of autonomous delivery services and stringent government regulations impede the growth to some extent. However, development of aerial delivery drones and efficient ways to deliver packages are expected to usher in a number of opportunities in the industry.
The ground delivery bots segment to dominate till 2030
Based on vehicle type, the ground delivery bots segment is expected to contribute to nearly two-fifths of the global autonomous last mile delivery market share in 2021, and would retain its dominance by the end of 2030. This is due to investments made by various companies to deliver products to the end customers with the least human involvement. The aerial delivery drones’ segment, on the other hand, should grow at the fastest CAGR of 26.1% during 2021–2030. Zero interruptions while delivering products to the customers boost the growth of the segment.
The retail segment to rule the roost during the forecast period
Based on application, the retail segment is anticipated to account for more than one-fourth of the global autonomous last mile delivery market revenue in 2021, and would rule the roost throughout the forecast period. Increased demand for retail goods from customers fuels the growth of the segment. The same segment is also expected to register the fastest CAGR of 26.8% during the estimated period.
North America to lead the trail by 2026
Based on geography, North America is projected to generate the major share in 2021, holding two-fifths of the global autonomous last mile delivery market. Adoption of advanced technology along with constant development in last mile delivery systems is creating huge demand to invest in autonomous last mile delivery market from the giant players operating in this business across the province. The region is also predicted to cite the fastest CAGR of 25.9% during 2021–2030.
Frontrunners in the industry include:
- Starship Technologies
- Drone Delivery Canada
Source: Allied Market Research