Autonomous Last Mile Delivery Market Growing at a CAGR of 24.1% to Reach US$ 90.21 Billion by 2030

As per the report, the global autonomous last mile delivery market is estimated to reach US$ 90.21 billion by 2030, growing at a CAGR of 24.1%.

PORTLAND, OREGON, UNITED STATES, November 23, 2023 /EINPresswire.com/ -- As per the report published by Allied Market Research, the global autonomous last mile delivery market size was accounted for $12.88 billion in 2020, and is estimated to reach $90.21 billion by 2030, growing at a CAGR of 24.1% from 2021 to 2030.

Rise in demand for fast delivery of packages and advancements in technologies in delivery vehicles have boosted the growth of the global autonomous last mile delivery market share. However, dearth of required infrastructure to support operations of autonomous delivery services and government regulations hinder the market growth. On the contrary, development of aerial delivery drones that function in geographically challenging areas and need for efficient way to deliver packages would open new opportunities in the future.

𝗚𝗲𝘁 𝗶𝗻𝘀𝗶𝗱𝗲 𝘀𝗰𝗼𝗼𝗽 𝗼𝗳 𝘁𝗵𝗲 𝗿𝗲𝗽𝗼𝗿𝘁, 𝗿𝗲𝗾𝘂𝗲𝘀𝘁 𝘀𝗮𝗺𝗽𝗹𝗲 - https://www.alliedmarketresearch.com/request-sample/6253

Here are some factors contributing to the growth of the autonomous last mile delivery industry:

Technological Advancements:

Ongoing advancements in robotics, artificial intelligence, and sensor technologies are enhancing the capabilities of autonomous last-mile delivery vehicles. Improved navigation, obstacle detection, and decision-making processes contribute to the market's growth.

Increased E-commerce Activities:
The growth of e-commerce and the rise in online shopping have increased the demand for efficient last-mile delivery solutions. Autonomous vehicles offer a potential solution to meet the challenges posed by the increasing volume of small-package deliveries.

Rising Consumer Expectations:
Consumers are increasingly expecting faster and more convenient delivery services. Autonomous last-mile delivery provides the potential for quicker and more precise deliveries, meeting the evolving expectations of consumers.

Focus on Sustainability:
The emphasis on sustainability and reducing the environmental impact of delivery services is driving interest in electric and autonomous vehicles. Autonomous last-mile delivery systems, especially when integrated with electric vehicles, align with green transportation initiatives.

Pilot Programs and Deployments:
Various companies and startups are conducting pilot programs and deploying autonomous last-mile delivery solutions in select areas. These initiatives serve as a testing ground for the technology and contribute to market growth as they prove feasibility and reliability

𝗧𝗼 𝗣𝘂𝗿𝗰𝗵𝗮𝘀𝗲 𝘁𝗵𝗶𝘀 𝗣𝗿𝗲𝗺𝗶𝘂𝗺 𝗥𝗲𝗽𝗼𝗿𝘁 - https://www.alliedmarketresearch.com/checkout-final/652642a3a5026f8914bf206ef1ca5a67

Covid-19 scenario on Autonomous Last-Mile Delivery Market:

The Covid-19 pandemic created a short term disruption and long term structural changes in the supply chain. Thus, the e-commerce sector experienced a slight negative response.

However, the e-commerce offered no contact delivery, which increased the demand for autonomous last mile delivery.

The report divides the global autonomous last mile delivery market industry on the basis of application, solution, range, vehicle type, and region.

𝗟𝗲𝗮𝗱𝗶𝗻𝗴 𝗖𝗼𝗺𝗽𝗮𝗻𝘆 / 𝗚𝗿𝗼𝘂𝗽 -

Flirtey
Savioke
Matternet
Starship Technologies
Flytrex
Airbus
Amazon
JD.com
Drone Delivery Canada
Marble

Based on application, the retail segment held the largest share in 2021, accounting for more than one-fourth of the market. In addition, the segment is projected to manifest the highest CAGR of 27.1% during the forecast period. The report also analyzes the segments including logistics, healthcare and pharmaceutical, food and beverage, and others.

On the basis of solution, the hardware segment held the lion’s share in 2020, contributing to more than two-fifths of the market. However, the services segment is estimated to portray the highest CAGR of 29.3% from 2021 to 2030.

𝗠𝗮𝗸𝗲 𝗮 𝗣𝘂𝗿𝗰𝗵𝗮𝘀𝗲 𝗜𝗻𝗾𝘂𝗶𝗿𝘆 - https://www.alliedmarketresearch.com/autonomous-last-mile-delivery-market/purchase-options

The report offers an analysis of the global autonomous last mile delivery market across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America held the lion’s share in 2020, accounting for around two-fifths of the market. However, the market across Europe is anticipated to showcase the highest CAGR of 24.8% during the forecast period.

𝗦𝗶𝗺𝗶𝗹𝗮𝗿 𝗥𝗲𝗽𝗼𝗿𝘁𝘀 𝗪𝗲 𝗛𝗮𝘃𝗲 𝗼𝗻 𝗟𝗼𝗴𝗶𝘀𝘁𝗶𝗰𝘀 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 :

Last Mile Delivery Market - https://www.alliedmarketresearch.com/last-mile-delivery-market

Courier Services Market - https://www.alliedmarketresearch.com/courier-services-market-A06423

Express Delivery Services in Vietnam - https://www.alliedmarketresearch.com/vietnam-express-delivery-services-market-A11094

David Correa
Allied Market Research
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