The Global Autonomous Last Mile Delivery Market was valued at USD 12.2 Bn in 2020 and is expected to reach USD 49.6 Bn by 2027, with a growing CAGR of 22.2% during the forecast period.
Autonomous last mile delivery includes autonomous vehicles to supply the products or services to the consumer’s doorstep with no human intervention in the entire process. It ensures that the product is delivered to the consumer within a stipulated time without hampering the respect and market image of the company.
The growth of the e-commerce industry coupled with the increasing penetration of the internet across the globe drives the global autonomous last mile delivery market during the forecast period. Due to the COVID-19 pandemic, the e-commerce industry adopted various methods to deliver the product without human intervention such as by providing digital payment options, drones for last mile and others. For instance, according to a secondary source, in 2020, more than 2 bn people purchased goods or services online and e-retail sales surpassed USD 4.2 trillion across the globe.
In addition, technological advancements in drones and unmanned ground delivery vehicles propel the autonomous last mile delivery market growth. The new high-tech unmanned vehicles are equipped with collision avoidance systems made of obstacle detection sensors which include a vision sensor, ultrasonic, infrared, LiDAR, time of flight, and monocular vision that scan the surroundings, while software algorithms and SLAM technology produce the images into 3D maps allowing them to sense and avoid obstacles.
Based on the platform, the aerial delivery drones segment is expected to dominate the market throughout the forecast period due to the ease of use and high manoeuvrability
Based on the platform, the market has been segmented into ground delivery vehicles and aerial delivery drones. The aerial delivery drones segment is expected to dominate the market throughout the forecast period. The growth in the segment is attributed to the ease of use and high manoeuvrability. The aerial delivery drones travel long distances in a short period and are capable of delivering packages in geographically challenging locations. Moreover, drones are an effective means for parcel delivery as they avoid traffic congestion and unnecessary roadblocks and reduce carbon footprints.
Based on the solution, the software segment held the largest market share of over 60% in 2019 owing to the various functions and capabilities such as route optimization, real-time tracking and others
Based on the solution, the autonomous last mile delivery market is segmented into hardware, software, and service. The software segment held the largest market share of more than 60% in 2019 owing to the various functions and capabilities such as route optimization, real-time tracking and others. However, the hardware segment held a significant market share in 2019. Hardware includes sensors, LiDAR, cameras, batteries and others. The development of the Internet of Things (IoT) in robots and reduced prices of sensors, LiDAR, and cameras are expected to propel the growth of the segment.
Based on region, North America dominate the market with a share of more than 62% in 2019 and is expected to show its dominance during the forecast period owing to the continuous development of the autonomous delivery robots
North America dominate the autonomous last mile delivery market with a share of more than 62% in 2019 and is expected to show its dominance during the forecast period. The growth in the region is attributed to the continuous development of autonomous delivery robots. For instance, in August 2019, the company launched Scout, a last-mile delivery robot in Southern California. Moreover, continuous efforts are being made by retail giants such as The Kroger Co. and Walmart to shorten the delivery period, which is expected to accelerate the demand for the development of next-generation delivery robots.
The report also provides an in-depth analysis of autonomous last mile delivery market dynamics such as drivers, restraints, opportunities, and challenges:
COVID-19 Impact on the Autonomous Last Mile Delivery Market Analysis:
The COVID-19 pandemic has significantly impacted many lives and businesses across the globe which result in the slowdown of economies. The slowdown of the economy happened due to the strict lockdown imposed by the government to limit the spread of the COVID-19 virus. However, the autonomous last mile delivery market experience a short term disruption due to COVID-19. Autonomous last mile delivery grows at a rapid pace due to the increasing growth in the e-commerce industry. The e-commerce industry adopted the contactless delivery method due to COVID-19 which is the major factor that is responsible for the increasing demand for drones and autonomous vehicles. For instance, due to COVID-19, the sales of the e-commerce industry in the U.S. has increased by over 30%. Meanwhile, DHL in Germany registered an increase in parcel shipments from 5.3 million parcels to 9.0 million parcels per day, which is similar to the deliveries during Christmas time.
*Note: A detailed analysis is specific to the market will be provided in the report.
The report also provides an in-depth analysis of key trends in the autonomous last mile delivery market:
The report also provides an in-depth analysis of recent news developments and investments:
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Market Overview & Competitive Landscape
Market Segmentation (Market Size and Share Analysis)
COVID – 19 Opportunity Mapping
Regional Market Analysis