The autonomous delivery robots market is estimated to be valued at US$ 0.52 Mn in 2022 and is expected to exhibit a CAGR of 43.4% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Autonomous delivery robots, also known as delivery bots, are autonomous ground vehicles (AGVs) designed to transport packages, food, and other goods for last mile delivery without human involvement. Key industry players have developed innovative autonomous delivery robots that use computer vision, navigation sensors, mapping technologies, and advanced robotics to autonomously traverse roads and sidewalks. These delivery bots are increasingly being used by restaurants, retail stores, and logistics companies to deliver products directly to customer doors at lower costs compared to traditional delivery methods.
Market Dynamics:
The growing e-commerce sector is witnessing significant rise in online orders for food, grocery, consumer goods, and other products. This has increased the demand for efficient last mile deliveries, thus driving adoption of autonomous delivery robots. Moreover, advancements in technologies such as computer vision, artificial intelligence, navigation sensors and edge computing have enabled development of reliable autonomous delivery robots. For instance, Starship Technologies has developed autonomous delivery robots that use array of cameras and artificial intelligence algorithms to safely navigate pedestrian areas. These delivery bots have completed over 250,000 autonomous deliveries globally. Additionally, positive regulatory frameworks permitting testing and operation of delivery robots on sidewalks and pedestrian areas by companies such as DoorDash and Postmates is further augmenting the autonomous delivery robots market growth over the forecast period.
Segment Analysis
The autonomous delivery robot market is dominated by the ground-based delivery robots segment. These robots can traverse all types of terrains and environmental conditions more efficiently than drones or aerial delivery robots. They are more stable and have a higher payload capacity. Being electric-based, they also cause negligible noise and air pollution during deliveries.
PEST Analysis
Political: Favorable government regulations around autonomous driving and delivery operations are helping boost the adoption of autonomous delivery robots. Various countries and municipalities are coming up with rules that allow and even encourage trials of autonomous delivery services.
Economic: The cost of labor for delivery personnel is rising steadily. Autonomous delivery robots provide a cheaper alternative to handle last-mile deliveries, especially for catering smaller and more frequent orders. This enhances the economic feasibility of delivery services.
Social: Younger consumers have shown high acceptance towards innovative technological solutions. Autonomous delivery services provide a more convenient delivery option without human contact. This works well especially during the current pandemic situation.
Technological: Advancements in AI, computer vision, navigation systems and miniaturization of hardware have enabled the development of affordable autonomous delivery robots. Continuous technological upgrading is helping expand their operating capabilities.
Key Takeaways
The Global Autonomous Delivery Robots Market Demand is expected to witness high growth, exhibiting CAGR of 43.4% over the forecast period 2023 to 2030, due to increasing demand for contactless delivery amid the COVID-19 pandemic.
The US dominates the market currently due to strong presence of technology companies. However, Asia Pacific region is projected to emerge as the fastest growing regional market by 2030 with countries like China and Japan emerging as hotspots of application for autonomous delivery robots.
Key players operating in the autonomous delivery robots market are Starship Technologies, Marble Robot Inc., TeleRetail, Postmates Inc., Robby Technologies, Robomart Inc., Kiwibot, Udelv Inc., Savioke Inc., Segway Robotics Inc., Nuro Inc., Cleveron AS, Eliport, ANYbotics AG, Box Bot Inc., Neolix, Effidence and Aethon Inc. These players are investing heavily in R&D to come up with more advanced and customized solutions for autonomous delivery.
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