Inside Logistics

Autonomous last-mile delivery market set to boom

Market estimated to reach US$11.12 billion by 2021


January 24, 2020
by

PORTLAND, Oregon – The global autonomous last mile delivery industry is projected to be valued at US$11.12 billion in 2021 and is anticipated to reach $75.64 billion by 2030, growing at a CAGR of 23.7 percent from 2021 to 2030.

Demand for fast delivery of packages, and technological advancements in delivery vehicles are the major factors driving the growth of the autonomous last mile delivery market, says a recently published report by Allied Market Research.

On the other hand, lack of required infrastructure to support operations of autonomous delivery services, and stringent government regulations impede the growth to some extent. However, development of aerial delivery drones, and efficient way to deliver packages are expected to usher in a number of opportunities in the industry.

Based on vehicle type, ground delivery bots are expected to contribute to nearly 40 percent of the global autonomous last mile delivery market share in 2021, and will remain retain dominant by the end of 2030.

The aerial delivery drone segment, on the other hand, will grow at the fastest CAGR of 26.1 percent between 2021 and 2030.

The retail segment is anticipated to account for more than 25 percent of global autonomous last mile delivery market revenue in 2021. The same segment is also expected to register the fastest CAGR of 26.8 percent during the estimated period.

North America is projected to generate 40 percent of the global autonomous last mile delivery market. The region is also predicted to have the fastest CAGR of 25.9 percent in the 2021 to 2030 period.