Global Autonomous Last Mile Delivery Market Report 2022-2030: Breakdown by Aerial Delivery Drones & Ground Delivery Vehicles – ResearchAndMarkets.com

March 01, 2022 10:44 AM Eastern Standard Time

Source: businesswire.com

DUBLIN–(BUSINESS WIRE)–The “Global Autonomous Last Mile Delivery Market by Platform (Aerial Delivery Drones, Ground Delivery Vehicles (Delivery Bots, Self-Driving Vans & Trucks)), Solution, Application, Type, Payload Weight, Range, Duration and Region – Forecast to 2030” report has been added to ResearchAndMarkets.com’s offering.

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The autonomous last mile delivery market is valued at USD 860 million in 2021 and is projected to reach USD 4,964 million by 2030, at a CAGR of 21.5%.

The Incorporation of advanced sense and avoid systems in aerial delivery drones, expansion of eCommerce, and increased use of low-cost and light payload drones by startups for product delivery have led to the growth of autonomous last mile aerial deliveries worldwide.

Also, the growing usage of autonomous ground delivery vehicles is witnessed in the food and retail sector. It is mainly due to congestion in urban areas. Due to congestion, product delivery to far-flung and remote locations, invalid or incorrect address details, hard to locate destinations, clubbed with the issue of severe labour shortage often result in increased product delivery costs.

Automatic delivery could be transformational for the retail industry, decreasing delivery costs by 80% to 90% compared to a human being doing it. Furthermore, advancement in technology for autonomous ground delivery vehicles and an increase in venture funding for the development of next-level ground delivery vehicles has enhanced the market growth.

The market for delivery drones in the aerial segment and self-driving vans & trucks in the ground segment is projected to grow with higher CAGR due to the increasing need for autonomous delivery solutions in the food and retail sectors and the growing need for contact-less healthcare supply deliveries using autonomous ground vehicles /aerial drones owing to COVID-19 pandemic.

Winners of autonomous last mile delivery market are Starship Technologies (US), JD.com (China), Nuro (US), Amazon (US), Kiwi Campus (US), Zipline (US), United Parcel Service (US), Wing (US), Flirtey (SkyDrop) and Aerodyne Group (Malaysia).

These key players offer drones applicable for various sector and have well-equipped and strong distribution networks across the North American, European, Asia Pacific, Middle East and Latin America and Africa.