Category : ICT | Published at : August-2020 | Delivery Format : PDF | Status: Published | Pages : 190
The market for autonomous last mile delivery is expected to grow at a CAGR of around 22.0% from 2020 to 2027 and expected to reach the market value of around US$ 58.4 Bn by 2027.
The last-mile delivery is the term used for the movement of goods from a transportation hub to the final delivery destination. The focus of the last mile logistics is to deliver items to the end-user as fast as possible.
Market Dynamics
The increasing demand for the fast delivery of packages along with the advancement in delivery systems is driving the market growth. The rising incorporation of advanced sense and avoid systems in aerial delivery drones are supporting the market value. The amendments in regulatory frameworks to encourage the use of aerial delivery drones are supporting market growth. The increased use of low-cost and light payload drones for product delivery by startups is further accelerating the market value. Furthermore, the development of advanced drones that function smoothly in geographically challenging areas and incorporation of the internet of things (IoT) in the ecosystem of aerial delivery drones are anticipated to create potential opportunities over the forecast period from 2020 to 2027.
On the other side, the lack of required infrastructure to support operations of aerial delivery drones in emerging economies, as well as the limited bandwidth and battery life of aerial delivery drones are some of the factors projected to limit the growth over the forecast period.
Retail sector is leading the global Autonomous Last Mile Delivery Market with maximum share
By application, the retail segment accounted for the major revenue share in 2019. The increasing disposable income and demand for packaged products across the globe is driving the segmental market value. The increasing focus of manufacturers towards the development of advanced solutions in the retail sector for fast delivery improved user experience and to gain competitive advantage are some of the factors further bolstering the market value.
The market research study on “Autonomous Last Mile Delivery Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 – 2027”, offers a detailed insight into the global autonomous last mile delivery market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights into the global Autonomous Last Mile Delivery market, its solution, application, range, vehicle type and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global autonomous last mile delivery market size and volume, and segment markets by solution, application, range, vehicle type, and geography along with the information on companies operating in the market. The Autonomous Last Mile Delivery market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.
North America accounted for the maximum share in the global market
In 2019, North America is leading the market with major revenue share, and the region is also projected to maintain its dominance over the forecast timeframe. The advanced infrastructure and easy availability of technology solutions in the region are supporting the market growth. The major economies of the region including the US and Canada are majorly contributing to the regional market value.
The players profiled in the report include Airbus (Netherlands), Amazon (United States), Drone Delivery Canada, Flytrex, JD.Com (China), and Others.
Market Segmentation
Market By Application
Logistics
Healthcare & Pharmaceuticals
Food & Beverages
Retail
Others
Market By Solution
Hardware
Software
Service
Market By Range
Short Range (< 20 km)
Long Range (> 20 km)
Market By Vehicle Type
Aerial Delivery Drones
Ground Delivery Bots
Self-driving trucks & bus
Market By Geography
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Frequently Asked Questions
The increasing demand for the fast delivery of packages, advancement in delivery systems, rising incorporation of advanced sense and avoid systems in aerial delivery drones, amendments in regulatory frameworks to encourage the use of aerial delivery drones, increased use of low-cost and light payload drones for product delivery by startups are some of the factors driving the market growth.
The market for autonomous last mile delivery is expected to reach the market value of around US$ 58.4 Bn by 2027.
The market for autonomous last mile delivery is expected to grow at a CAGR of around 22.0% from 2020 to 2027.
Airbus (Netherlands), Amazon (United States), Drone Delivery Canada, Flytrex, JD.Com (China), and Others are the prominent players in the market.
North America is expected to be the fastest growing market over the forecast period
The retail is the leading segment by application in the autonomous last mile delivery market.
North America held the highest market share in the autonomous last mile delivery market.
