According to a new market research report published by sheer analytics and insights, “The Global Autonomous Last-Mile Delivery Market was valued at $15.3 Billion in 2020, Growing at a high CAGR of more than 20.7% between 2021 and 2031, it is estimated to reach $120.3 Billion by 2031, as per the latest market research report titled Global Autonomous Last-Mile Delivery Market - Industry analysis, size, share, growth, trends, and forecast, 2021-2031.
Autonomous last-mile delivery provides autonomous vehicles to deliver the product or service to the customer’s doorstep. The entire process is done without any human intervention. However, the delivery process ensures that the product is delivered to the customer within a specified time without hampering the company's dignity and market image. Increasing use of the internet and the enlargement of the e-commerce industry drive the adoption of online shopping, which requires a suitable or automated way to deliver the product to the customer's doorstep. Thus, to satisfy the increasing demand for such logistics business, various product delivery services and last-mile delivery operated companies have started using ground delivery vehicles and drones to deliver products within lesser time. The growing demand for faster delivery and cost-effective services, along with the increasing e-commerce sector, has augmented market growth. In addition to this, a robust startup ecosystem in the robotics space, and rapid technological developments, drive market growth over the forecast period.
However, in this current pandemic of COVID-19, the Autonomous Last-Mile Delivery market is affected much. It changes the growth rate graph slightly in the Autonomous Last-Mile Delivery market. But it has been expected that after the pandemic situation, the global Autonomous Last-Mile Delivery market will reach a high position in the graph. Apart from that, the rising of the mile delivery sector across the world is anticipated to offer a massive opportunity for market growth in the next forecast period of 2021 to 2031.
Geographically, The Autonomous Last-Mile Delivery Market is divided into global regions like North America, Europe, Asia- Pacific, Latin America, Middle East, and Africa.
The report covers a detailed outlook about the company, and it includes the company or industry profiles and market share of key players operating in the global market. Key players in the report include Alibaba, Amazon.com, Inc., Drone Delivery Canada, Flytrex, JD.com, Kiwi Campus (Kiwibot), Nuro, Refraction AI, Robby Technologies, Shenzhen Yiqing Innovation Technology Co., Ltd., Starship Technologies, TeleRetail, Udelv Inc., Unsupervised AI, and Wing Aviation LLC among others.
The Global Autonomous Last-Mile Delivery Market Has Been Segmented into:
Global Autonomous Last-Mile Delivery Market: By Platform
Global Autonomous Last-Mile Delivery Market: By Solution
Global Autonomous Last-Mile Delivery Market: By Range
Global Autonomous Last-Mile Delivery Market: By End-Use
Global Autonomous Last-Mile Delivery Market: By Region