July 19, 2024
Autonomous Delivery Robots Market
Ict

The Rise Of Autonomous Delivery Robots Is Anticipated To Openup The New Avanue For Autonomous Delivery Robots Market

Market Overview:

Autonomous delivery robots are intelligent robots that can autonomously transport goods between destinations without human intervention. They use technologies such as sensors, cameras, GPS tracking and navigation systems to navigate streets, traffic lights, and paths. Key applications of autonomous delivery robots include food delivery from restaurants, delivery of packages by e-commerce companies, and delivery of medicines and medical supplies.

Market Dynamics:

The autonomous delivery robots market is primarily driven by the increasing demand for contactless delivery during the ongoing COVID-19 pandemic. Lockdowns and social distancing norms have reduced human-to-human contact and led to a surge in demand for no-contact delivery via robots. This has opened up opportunities for robot delivery companies to partner with restaurants, retailers, and logistics companies. Another major driver is the growing e-commerce industry. The exponential rise in online shopping has led to a surge in packages and deliveries. Autonomous robots help e-commerce and logistics companies to address this increased volume and demand in a cost-effective manner without hiring more human resources.

The global Autonomous Delivery Robots Market Size is estimated to be valued at US$ 1.07 Mn in 2023 and is expected to exhibit a CAGR of 43.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Segment Analysis

Autonomous Delivery Robots Market comprises two major segments – ground-based delivery robots and aerial delivery robots. Among these, the ground-based delivery robots dominate the market with over 70% share. This is because ground robots can carry more weight as compared to aerial robots and can navigate easily on roads without any regulatory restrictions on flying low.

PEST Analysis

Political: Regulations around use of autonomous robots are still evolving. Many countries are framing policies to ensure safety of public.
Economic: Rising labor costs are encouraging organizations to adopt cost-effective automation solutions like delivery robots.
Social: Younger population is more open to new technologies. However, some sections also raise concerns around job losses.
Technological: Advancements in AI, sensors, mapping and localization are helping enhance capabilities of delivery robots. 5G rollout will further aid real-time control and communication.

Key Takeaways

The global Autonomous Delivery Robots Market is expected to witness high growth, exhibiting 43% CAGR over the forecast period of 2023 to 2030, due to increasing demand for contactless delivery amid COVID pandemic.

Regional analysis: North America captures over 35% market share currently owing to widespread trials and rapid technological adoption. Asia Pacific is expected to witness fastest growth going forward led by countries like China, India and Japan where pilot projects are scaling rapidly.

Key players operating in the Autonomous Delivery Robots 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. Starship Technologies has emerged as the leading player with largest fleet deployed across campuses and neighborhoods for autonomous food/package delivery.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it