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Autonomous Last Mile Delivery Market to Reach $75.64 Billion, Globally, by 2030 at 23.7% CAGR: Allied Market Research
Demand for fast delivery of packages, and technological advancements in delivery vehicles are the major factors driving the growth of the autonomous last mile delivery market. On the other hand, lack of required infrastructure to support operations of autonomous delivery services, and stringent government regulations impede the growth to some extent. However, development of aerial delivery drones, and efficient way to deliver packages are expected to usher in a number of opportunities in the industry.
Based on vehicle type, the ground delivery bots segment is expected to contribute to nearly two-fifths of the global autonomous last mile delivery market share in 2021, and would retain its dominance by the end of 2030. This is due to the developments carried out by various companies toward delivering the products to the end customers without least human involvement. The Aerial delivery drones' segment, on the other hand, would grow at the fastest CAGR of 26.1% during 2021–2030. Zero interruption in the way while delivering the product to the customers boosts the growth of the segment.
Based on application, the retail segment is anticipated to account for more than one-fourth of the global autonomous last mile delivery market revenue in 2021, and would rule the roost throughout the forecast period. Increased demand of retail goods from the customers fuels the growth of the segment. The same segment is also expected to register the fastest CAGR of 26.8% during the estimated period.
Based on geography, in 2021, holding two-fifths of the global autonomous last mile delivery market. Adoption of advanced technology along with constant development in last mile delivery system is creating huge demand to invest in autonomous last mile delivery market from the giant players operating in this business across the province. The region is also predicted to cite the fastest CAGR of 25.9% during 2021–2030.
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