Autonomous Last Mile Delivery Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

The autonomous last mile delivery market was valued US$ 57.67 billion in 2021 and it is expected to register a CAGR of 3.0% from 2022 to 2031.

Autonomous last mile delivery is the transportation of goods to the last destination. Last mile delivery comprises a significant share of the overall delivery costs. Growing e-commerce and free shipping options have encouraged customers to place more orders, thereby augmenting the need for highly efficient autonomous last mile delivery solutions. As a result, organizations operating in the autonomous last mile delivery market are investing in research and development activities to implement aerial delivery drones that are further anticipated to boost the growth of the autonomous last mile delivery industry. In September 2022, US aviation regulators approved the designs for the first flying drone for shipping packages and commercial use, encouraging the establishment of the new remote delivery industry. Such developments are anticipated to propel the growth of the global autonomous last mile delivery industry.

Market Dynamics

The global autonomous last mile delivery market is witnessing technological advancements, policy and legislative frameworks, and latest trends in mobility development. A few of the recent trends in the autonomous last mile delivery industry include the drone and ground robot infrastructure. Companies operating in the market are directing their efforts toward automated delivery vehicles with the growing advancements in e-commerce and Mobility as a Service (MaaS). In addition, the market dynamics are changing with new technologies that enable companies to opt for more profitable avenues by shifting toward autonomous technology. This is boosting the global autonomous last mile delivery market growth.

MARKET SCOPE

The "Global Autonomous Last Mile Delivery Market Analysis to 2031" report aims to provide an overview of autonomous last mile delivery industry with detailed segmentation based on platform, payload weight, and range. The report provides key market statistics based on the performances of leading players. It also offers key trends and opportunities in the market.

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MARKET SEGMENTATION

The global autonomous last mile delivery market is segmented into platform, payload weight, and range. Based on platform, the autonomous last mile delivery is bifurcated into aerial delivery drones and ground delivery vehicle. Based on payload weight, the autonomous last mile delivery is segmented into below 5 kilograms, 5-10 kilograms, and above 10 kilograms. Further, based on range, the autonomous last mile delivery is bifurcated into short range (less than 20 kilometers) and long range (above 20 kilometers).

REGIONAL FRAMEWORK

The global autonomous last mile delivery market is segmented into five major regions—North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America. The report covers analysis and forecast of 18 countries globally, along with current trend and opportunities prevailing in the region.

North America is held a prominent share in the global autonomous last mile delivery market in 2021. The market growth is majorly attributed to the presence of many vehicle manufacturers and OEM vendors. A few of the key manufacturers in the region include General Motors, Ford, and Waymo. These suppliers are witnessing constant demand from vehicle manufacturers in the region.

The below figure showcases the revenue growth trend of the global autonomous last mile delivery market.

Source: The Insight Partners Analysis

The report analyses factors, such as drivers, restraints, opportunities, and future trends, which are affecting the autonomous last mile delivery market. It also provides exhaustive Porter's five forces analysis of the factors affecting the autonomous last mile delivery market in these regions.

IMPACT OF COVID-19 PANDEMIC

The COVID-19 outbreak led to disruptions in the global economy, a shutdown of factories, and labor shortages, which decreased the volume of orders among vehicle manufacturers, resulting in a decline in production volume. Hence, the businesses of various autonomous last mile delivery manufacturers across the globe were adversely affected. However, since 2021, the procurement of autonomous last mile delivery solutions has increased due to the economic recovery and the growing volume of vehicle production and sales. Further, the autonomous last mile delivery market is undergoing a structural reform with a rapid shift toward digitalization. Growth in advanced technologies, such as virtual reality, is anticipated to boost the growth of the global e-commerce industry, which will result in an increased preference for online shopping. According to Walmart, delivery orders placed by customers in the fourth quarter of 2021 were six times the number of orders placed before the onset of the pandemic. Growing advantages of the autonomous last mile delivery solutions, such as the reduced travel distance and increased convenience for shoppers, are anticipated to boost the market growth during the forecast period.

MARKET PLAYERS

The reports cover key developments in the autonomous last mile delivery market. Various companies are focusing on organic growth strategies such as product launches, product approvals, patents, and events. Inorganic growth strategies activities witnessed in the market, such as acquisitions, partnerships, and collaborations, have encouraged the expansion of business and customer base of market players. Players operating in the autonomous last mile delivery market are anticipated to experience lucrative growth opportunities in the coming years with the rising demand for autonomous last mile delivery solutions.

The report includes the profiles of key autonomous last mile delivery market companies, along with their SWOT analysis and market strategies. It also focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, and key development in the past five years. The list of a few companies engaged in the autonomous last mile delivery market is mentioned below:

• Boxbot
• Drone Delivery
• Eliport
• Flytrex
• Marble
• Matternet
• Nuro
• Skycart
• Starship Technologies
• Zipline

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Autonomous Last Mile Delivery Report Scope