Autonomous last-mile delivery market booming
The autonomous last-mile delivery market is estimated to be $12.0 billion in 2019 and is projected to reach $91.5 billion by 2030, growing at a compound annual growth rate (CAGR) of 20.3% from 2019 to 2030.
According to the new market research report, "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, and Region - Global Forecast to 2030," published by MarketsandMarkets, the growth of the market can be attributed to the increasing investments being made to enhance the range and payload capacities of aerial delivery drones and ground delivery vehicles to perform effective autonomous last-mile delivery of packages and technological advancements taking place in the hardware of aerial delivery drones and ground delivery vehicles.
Based on payload weight, the 5-10 kg segment of the aerial delivery drone market and the ground delivery vehicle market is projected to grow at the highest CAGR during the forecast period. Aerial delivery drones and ground delivery vehicles with a load carrying capacity of between 5-10 kg are mainly used to deliver groceries and heavy parcels ordered by online shoppers. The increasing demand for highly efficient aerial delivery drones and ground delivery vehicles to carry out the cost-effective autonomous last-mile delivery of packages is contributing to the growth of this segment of the market.
Based on range, the long-range (>20 kilometers) segment of the aerial delivery drone market and the ground delivery vehicle market is projected to grow at a higher CAGR than the small-range (<20 kilometers) segment from 2019 to 2030. Increasing demand for the autonomous last-mile delivery of packages to long-distance destinations is fueling the growth of this segment of the market.
The North American region is estimated to account for the largest share of the aerial delivery drone market in 2019. The growth of the market in this region can be attributed to increased adoption of aerial delivery drones in the food, e-commerce, and logistics and transportation industries of countries such as the U.S. and Canada for delivering their products to customers.
The major players in the autonomous last-mile delivery market include Starship Technologies (U.S.), Savioke (U.S.), Nuro (U.S.), JD.com (China), and Flirtey (U.S.).