Autonomous last-mile delivery Market
Growth Factors of Autonomous Last Mile Delivery Market
The autonomous last mile delivery market size was valued at USD 16.66 billion in 2023, and the market is now projected to grow from USD 20.52 billion in 2024 to USD 134.90 billion by 2032, exhibiting a CAGR of 26.5% during the forecast period of 2024-2032.
The COVID-19 pandemic led to the growth of e-commerce along with judgment of operations and notable digitalization of last-mile delivery technology. E-commerce practices such as point of delivery and same day delivery, meant that drones and delivery robots were increasingly adopted. For instance, Zipline used in delivering vaccines in Ghana. Businesses responded by restyling some outlets into depots and using artificial intelligence for stock control and drastically revamping the last mile delivery industry.
New vehicles are emerging to redefine last mile delivery solutions and as market leaders pump in money to meet customer needs. New technologies of delivery such as delivery through AI robot cars and drones are minimizing the use of human labor, decreasing costs, and providing continuous delivery. These are the innovations, which are providing solution to the problem or making the system more effective in the delivery segment.
Due to tremendous advancement in technology and increased online buying culture, the kind of shopping as well as the delivery of goods and service in cities has completely changed in a way that manufacturing and supply centers have had no option than to accept timely and frequent orders. The European Union stated that the internet usage increased to 75% in 2023 with the Nederland, Sweden and Denmark having the highest rate in internet shopping. According to the survey conducted by Capgemini, half of the shoppers aged 18-34 expect same-day delivery with 61% of them being willing to pay more for the feature. This growing demand is the reason why we have heard about self-sustaining robots and drone delivery services.
Comprehensive Analysis of Autonomous Last Mile Delivery Market
The autonomous last mile delivery market growth is rising at an exponential rate due to its market segmentation. This market expansion rightly provides a thorough market breakdown near to the industry considering the leading supply and demand forces. These segmentations are methodically segregated by vehicle type analysis, by solution analysis and by range analysis. By vehicle type analysis include ground delivery bots, aerial delivery drones, and self-driving trucks & vans. By solution analysis include hardware, software, and services. By range analysis include long-range and short-range.
The North America region lead the autonomous last mile delivery market share by benefitting a market size of USD 6.84 billion in 2023 due to infrastructure developments.
The top players in the markets have a central responsibility in the automotives industry to be sure of industrial prospectus development and to establish the market norms. These players include, Airbus S.A.S, Amazon, DHL International GmbH, DPD Group, Drone Delivery Canada, Flirtey, Flytrex, JD.com, MATTERNET, Savioke, Starship Technologies, United Parcel Service of America, Inc these market players provide a level-playing competitive landscape.
In March 2024, Yango launched its autonomous last mile delivery solutions featuring advanced AI and robotics at the LEAP 2024 tech fair in Saudi Arabia.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 26.5% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Vehicle Type
- Aerial Delivery Drones
- Ground Delivery Bots
- Self Driving Trucks & Vans
By Solution
- Hardware
- Software
- Services
By Range
- Short Range (<20km)
- Long Range (>20km)
By Geography
- North America (By Solution, Vehicle Type, and By Range)
- U.S. (By Vehicle Type)
- Canada (By Vehicle Type)
- Mexico (By Vehicle Type)
- Europe (By Solution, Vehicle Type, and By Range )
- U.K. (By Vehicle Type)
- Germany (By Vehicle Type)
- France (By Vehicle Type)
- Rest Of Europe (By Vehicle Type)
- Asia Pacific (By Solution, Vehicle Type, and By Range )
- China (By Vehicle Type)
- Japan (By Vehicle Type)
- India (By Vehicle Type)
- South Korea (By Vehicle Type)
- Rest of APAC (By Vehicle Type)
- Rest of the World (By Solution, Vehicle Type, and By Range )
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