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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.

New York, Jan. 14, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Autonomous Last Mile Delivery Market by Platform, Solution, Application, Type, Payload Weight, Range, Duration and Region - Global Forecast to 2030" - https://www.reportlinker.com/p05797099/?utm_source=GNW

Also, growing usage of autonomous ground delivery vehicle is witnessed in 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 labor 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 increase in venture funding for the development of next-level ground delivery vehicles has enhanced the market growth.

Based on platform, the market in the aerial segment is divided into Cargo Drone and Delivery Drone and for ground segment the market is divided into Delivery Bots and Self Driving Trucks and Vans.

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 food and retail sectors and growing need of contact-less healthcare supply deliveries using autonomous ground vehicles /aerial drones owing to COVID-19 pandemic.

Based on range, aerial and ground segments comprise of Short Range (< Kilometers) and long range segment (>20 Kilometers).
Long range segment (>20 Kilometers) is expected to lead both the aerial and ground autonomous last mile delivery markets, with the higher CAGR during the forecast period.This is owing to high portability, increased efficiency, and low operating costs of aerial drone delivery services.

Also, the need to curb pollution in big cities and need of long-range autonomous ground robots which could reduce carbon dioxide emissions to pose as the biggest driver for this market segment.

By Payload Weight, Aerial and Ground segments are divided into <5 kilograms, 5–10 kilograms, and >10 kilograms.

For Aerial Section, 5-10 Kilograms Payload Weight segment is expected to grow with highest CAGR and for ground segment >10 kilograms segment is expected to grow with highest CAGR during forecast period. The ongoing advancements in drone/autonomous ground vehicle logistics are expected to boost the payload carrying capacity of aerial delivery drones/ autonomous ground vehicle and enhance the market growth
Based on application, the aerial delivery drone market has been segmented into logistics & transportation, healthcare & pharmacy, and retail & food. Based on application, the ground delivery vehicles market has been segmented into logistics & transportation and retail & food.
For both aerial and ground segments retail & food segment is expected to grow with highest CAGR during forecast period. One principal driver factor for the market growth is the boom of e-commerce propelled the need of faster one-day delivery that positively boosted the drone delivery/ground vehicle application market.

Based on solution, the aerial delivery drone/ground delivery vehicle market is classified into hardware, software, and infrastructure.
For both Aerial and Ground segments infrastructure solution segment is going to have the highest growth. The ongoing technological upgradation has boosted the market for drone/ ground bots infrastructure, as present airframes and autonomous delivery vehicles could be fitted with sophisticated sensors and AI technology for better flight control and performance.

North America is expected to hold the highest market share in 2021.
North America is projected to lead the autonomous last mile delivery market in 2021.The US is the largest market for autonomous last mile delivery in North America.

The growing spending by the US government organizations for drone/autonomous ground vehicle upgradation and private players along with deployment of autonomous last mile delivery solutions are key factors expected to drive the market in North America.

The break-up of profile of primary participants in the autonomous last mile delivery market:
• By Company Type: Tier 1 – 49%, Tier 2 – 37%, and Tier 3 – 14%
• By Designation: C Level – 55%, Director Level – 27%, and Others – 18%
• By Region: North America – 55%, Europe – 27%, Asia Pacific – 9%, RoW – 9%

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.

Research Coverage:
Based on platform, the autonomous last mile delivery market in the aerial segment is divided into Cargo Drone and Delivery Drone and for ground segment the market is divided into Delivery Bots and Self Driving Trucks and Vans. Based on range, the autonomous last mile delivery market in the aerial and ground segments comprise of Short Range (< Kilometers) and long range segment (>20 Kilometers). By Payload Weight, Aerial and Ground segments are divided into <5 kilograms, 5–10 kilograms, and >10 kilograms. Based on application, the aerial delivery drone market has been segmented into logistics & transportation, healthcare & pharmacy, and retail & food. Based on application, the ground delivery vehicles market has been segmented into logistics & transportation and retail & food. Based on solution, the aerial delivery drone/ground delivery vehicle market is classified into hardware, software, and infrastructure.

The autonomous last mile delivery market is segmented according to five key regions in this report, namely, North America, Europe, Asia Pacific, Middle East, Latin America and Africa, along with their key countries.The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the autonomous last mile delivery market. A detailed analysis of the key industry players has been done to provide insights into their business overviews; solutions and services; key strategies; agreements, collaborations, new product launches, contracts, expansion, acquisitions, and partnerships associated with the autonomous last mile delivery market.

Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall autonomous last mile delivery market and the subsegments.This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies.

The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on autonomous last mile delivery system offered by the top players in the market
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the autonomous last mile delivery market
• Market Development: Comprehensive information about lucrative markets – the report analyzes the autonomous last mile delivery market across varied regions
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the autonomous last mile delivery market
• Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players in the autonomous last mile delivery market
Read the full report: https://www.reportlinker.com/p05797099/?utm_source=GNW

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