This report provides an analysis of the Autonomous Last Mile Delivery Market from 2019 to 2030, and discusses the industry and technology trends currently prevailing, along with the drivers, restraints, challenges, and opportunities.
The autonomous last mile delivery market is projected to grow from USD 12.0 billion in 2019 to USD 91.5 billion by 2030, at a projected CAGR of 20.3% during the forecast period. Based on the autonomous last mile delivery market, the aerial delivery drones market in North America is expected to grow significantly during the forecast period. This is due to the increasing investments in autonomous last mile delivery across various industry verticals. Manufacturers focus on developing technologically advanced aerial delivery drones and ground delivery vehicles with excellent network connectivity, extended range, and short charging time. For instance, in November 2015, Starship Technologies launched self-driving delivery robots that offer on-demand delivery anywhere on academic campuses (such as universities or colleges) that have opted for the service via an app, offering employees or students flexibility and convenience of having food delivered whenever and wherever they want.
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The aerial delivery drones market is projected to grow at the highest CAGR during the forecast period. Aerial delivery drones are expected to replace conventional freight forwarding services in autonomous last mile delivery over the next few years due to the higher speed of operation and greater cost control. Demand for highly efficient aerial delivery drones, which consume less energy, is expected to fuel the growth of the autonomous last mile delivery market during the forecast period.
The hardware segment of the aerial delivery drones market is estimated to account for the largest share in 2019, with the infrastructure segment projected to grow at the highest CAGR. The hardware segment of the ground delivery vehicles market is expected to account for the largest share in 2019 Demand for highly efficient aerial delivery drones and ground delivery vehicles with advanced hardware has fueled the growth of the autonomous last mile delivery market.
Based on application, the logistics & transportation segment is estimated to account for the largest share of the aerial delivery drones market in 2019. The retail & food segment of the aerial delivery drones market is expected to grow at the highest CAGR. The retail & food segment of the ground delivery vehicles market is expected to grow at the highest CAGR during the forecast period. The increasing demand for same day and instant delivery and significant cost saving benefits are expected to lead to the growth of the autonomous last mile delivery market.
Based on payload weight, the 5-10 Kilograms segment is projected to grow at the highest CAGR during the forecast period, and is estimated to account for the largest share of the aerial delivery drones market in 2019. Increasing demand for aerial delivery drones in the 5-10 Kilograms payload category for small packages is expected to lead to an increase in the demand for autonomous last mile delivery.
Based on range, the long range segment is expected to grow at the highest CAGR during the forecast period in the aerial delivery drones market, which is estimated to account for the larger share of the aerial delivery drones market in 2019. Increasing focus on speed, control, and maneuverability of these delivery drones has fueled the growth of the long range segment.
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In terms of geographic coverage, the aerial delivery drones market and ground delivery vehicles market has been segmented into 6 regions, namely, North America, Europe, Asia Pacific (APAC), Middle East, Latin America, and Africa. North America is estimated to account for the largest share of the aerial delivery drones market and ground delivery market in 2019. Major drone manufacturing startups, especially in regions, such as North America and Europe, have led to an increased demand for aerial delivery drones in these regions. The aerial delivery drone industry in the Asia Pacific has also witnessed high growth in recent years and is expected to grow during the forecast period as well.
Increasing trends in autonomous last mile delivery to consumers across various industry verticals in tandem with increasing investments for the same, as well as the advancements in aerial delivery drone and ground delivery vehicle technologies are expected to open opportunities for the market. Companies are expected to tap into these opportunities to increase their presence in the global autonomous last mile delivery market during the forecast period.
