Categories: Press Release

Autonomous Last Mile Delivery Market to Cross USD 4.64 Billion by 2030 owing to E-commerce Sector Boom Coupled with Governments and Regulatory Body Support

Autonomous Last Mile Delivery Market Scope & Overview

The Autonomous Last Mile Delivery Market, as reported by SNS Insider, witnessed a valuation of USD 0.91 billion in 2022 and is anticipated to reach USD 4.64 billion by 2030, with a projected Compound Annual Growth Rate (CAGR) of 22.6% during the forecast period spanning from 2023 to 2030.

Based on SNS Insider’s research, the autonomous last mile delivery market is experiencing rapid growth due to a combination of factors, including the e-commerce boom, urbanization, technological advancements, regulatory support, labor cost savings, pandemic-driven demand, strategic partnerships, cost efficiency, and safety improvements.

Autonomous last mile delivery is a cutting-edge approach to transportation and logistics that leverages advanced technology to revolutionize the final leg of the product delivery process. Autonomous last mile delivery systems aim to reduce delivery costs, minimize human error, and lower the environmental footprint of deliveries. By optimizing routes and using electric or energy-efficient vehicles, these systems contribute to sustainability goals. Artificial intelligence (AI) and machine learning play a crucial role in autonomous last mile delivery systems. These technologies enable vehicles to learn from their surroundings, adapt to changing conditions, and make real-time decisions to optimize delivery routes and schedules.

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Key Players Covered in Autonomous Last Mile Delivery market report are:

Airbus S.A.S.,
Matternet,
Flirtey,
Drone Delivery Canada,
Flytrex,
Amazon.com,
JD.com Inc.,
Marble Robot,
Starship Technologies,
Savioke,
DHL International GmbH,
United Parcel Service of America, Inc.,
DPD.

Market Analysis

The autonomous last mile delivery market is rapidly evolving, driven by a confluence of technological advancements, consumer preferences, and economic factors. The exponential growth of e-commerce has led to a surge in demand for efficient last-mile delivery solutions. As more consumers shop online, the need for quicker, more reliable, and cost-effective delivery methods has intensified, creating a ripe market for autonomous last mile delivery. Urbanization trends, with an increasing number of people living in cities, have created congested traffic conditions. Autonomous delivery vehicles can navigate through these complex urban environments more efficiently, reducing delivery times and costs. : With a growing awareness of environmental issues, there’s a rising demand for sustainable transportation solutions. Autonomous electric vehicles (EVs) in last-mile delivery can help reduce carbon emissions, aligning with eco-conscious consumer preferences.

Autonomous Last Mile Delivery Market Segmentation as Follows:

By Platform
Aerial Delivery Drones
Ground Delivery Vehicles

By Solution
Hardware
Infrastructure
Software

By Range
Short Range (<20 Kilometers)
Long Range (>20 Kilometers)

By Payload Weight
<5 kilograms
5-10 kilograms
>10 kilograms

By Application
Logistics & Transportation
Healthcare & Pharmaceutical
Retail & Food

Segmented by Region/Country:
North America
Europe
China
Japan
Asia Other

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Impact of Recession

A recession can have both positive and negative effects on the autonomous last mile delivery market. While reduced consumer spending and delayed investments can pose challenges, increased competition, a focus on cost efficiency, and potential supply chain disruptions can create opportunities for growth and innovation. The extent of the impact will depend on the severity and duration of the recession, as well as the adaptability of businesses in the autonomous delivery sector to navigate economic uncertainties.

Impact of Russia-Ukraine War

The Russia-Ukraine war has had a mixed impact on the autonomous last mile delivery market. While it initially presented challenges related to supply chain disruptions and regulatory uncertainties, it also created opportunities for innovation and highlighted the value of autonomous systems in addressing logistical challenges during times of crisis. As the conflict subsides, the market is expected to rebound and continue its growth trajectory, with lessons learned from this period shaping its future development.

Key Regional Development

North America, particularly the United States and Canada, has been at the forefront of autonomous last-mile delivery. Major players like Amazon and various startups have been conducting pilot programs and deploying delivery robots and drones in select urban areas. Europe has seen a surge in interest in autonomous last-mile delivery, driven in part by a focus on sustainability and environmental concerns. European cities have been pushing for eco-friendly transportation solutions, and autonomous electric vehicles are seen as a promising way to reduce emissions and congestion. The Asia-Pacific region presents a diverse set of dynamics within the autonomous last mile delivery market. China, in particular, has emerged as a significant player with a rapid expansion of autonomous delivery services by leading companies.

Key Takeaway from Autonomous Last Mile Delivery Market Study

– The deployment of Aerial Delivery Drones represents a groundbreaking shift in last-mile delivery logistics. These autonomous flying machines have the potential to overcome the challenges posed by traffic congestion, urban sprawl, and other impediments faced by traditional ground-based delivery systems.

– While aerial drones capture the imagination with their futuristic appeal, the Logistics & Transportation segment remains the backbone of last-mile delivery. This sector encompasses a diverse range of autonomous vehicles, from ground-based robots to self-driving trucks, all working synergistically to ensure the seamless flow of goods to consumers.

Recent Developments Related to Autonomous Last Mile Delivery Market

– In a groundbreaking move set to redefine the landscape of last-mile delivery, Serve Robotics and Uber have recently announced a strategic partnership aimed at revolutionizing the way goods are transported and delivered to consumers.

– Oxbotica and Goggo, two prominent players in the autonomous vehicle industry, have joined forces to revolutionize the landscape of middle-mile delivery. This exciting collaboration marks a significant step forward in the ongoing development and deployment of self-driving technology for logistics and transportation.

Table of Content – Analysis of Key Points

1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession on Major Economies
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Autonomous Last Mile Delivery Market Segmentation, By Platform
9. Autonomous Last Mile Delivery Market Segmentation, By Solution
10. Autonomous Last Mile Delivery Market Segmentation, By Range
11. Autonomous Last Mile Delivery Market Segmentation, By Payload Weight
12. Autonomous Last Mile Delivery Market Segmentation, By Application
13. Regional Analysis
14. Company Profiles
15. Competitive Landscape
16. Conclusion