The Autonomous Delivery Robots Market size is estimated at USD 1.09 billion in 2024, and is expected to reach USD 3.15 billion by 2029, growing at a CAGR of 23.61% during the forecast period (2024-2029).
The increasing use of autonomous delivery automobiles due to their efficiency is the primary element contributing to the Market's growth. In January 2022, Ottonomy launched Ottobots, a fleet of fully autonomous delivery robots for restaurant and retail industries for outdoor and indoor environments. The pandemic provided Ottobots with a catalyst enabling a series of partnerships that allowed it to launch fully autonomous delivery for curbside, indoor, and last-mile deliveries.
The Autonomous Delivery Robots Market is favorably competitive due to the presence of multiple regional players. The players are adopting strategies like partnerships, mergers, acquisitions, and product innovation to expand their geographic presence and stay ahead of the competitors. Some of the significant players in the Market are Starship Technologies, Ottonomy.IO, Nuro Inc., Relay Robotics, and Serve Robotics Inc., among others.
In May 2022, Uber Eats launched two autonomous delivery pilots in Los Angeles in collaboration with Serve Robotics, a robotic sidewalk delivery startup, and Motional, an autonomous car technology company.
In March 2022, Nvidia invested USD 10 million in Uber spinout Serve Robotics, a sidewalk robot delivery company. This investment by Nvidia will drive the studied Market.
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