The autonomous delivery robots global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Autonomous Delivery Robots Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The autonomous delivery robots market size has grown exponentially in recent years. It will grow from $1.36 billion in 2023 to $.85 billion in 2024 at a compound annual growth rate (CAGR) of 35.8%. The growth in the historic period can be attributed to e-commerce growth, labor shortages, consumer preference for contactless services, increased investment and funding, and consumer demand for contactless delivery.
The autonomous delivery robots market size is expected to see exponential growth in the next few years. It will grow to $6.38 billion in 2028 at a compound annual growth rate (CAGR) of 36.2%. The growth in the forecast period can be attributed to rising urbanization, increasing need for effective last-mile delivery solutions, regulatory support and infrastructure development, rising labor costs, and increased disposable income. Major trends in the forecast period include innovating technologies in autonomous delivery, integration of the latest technologies, robots with auto-navigating and autonomous decision-making skills, advancements in AI, and integration of machine learning.
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Scope Of Autonomous Delivery Robots Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Autonomous Delivery Robots Market Overview
Market Drivers –
The e-commerce growth is expected to propel the growth of the autonomous delivery robots market going forward. E-commerce refers to buying and selling goods and services online through various platforms and channels. E-commerce is growing due to increased internet penetration, which expands the reach of online shopping and its convenience, allowing consumers to shop anywhere at any time. Autonomous delivery robots enhance e-commerce by speeding up delivery times and reducing operational costs through efficient, automated doorstep deliveries. For instance, in August 2024, according to the United States Census Bureau, a US-based government agency, in the second quarter of 2024, the total U.S. retail e-commerce sales reached an estimated $291.6 billion, marking a 1.3% increase from the first quarter of 2024 and a 6.7% rise compared to the second quarter of 2023. Therefore, e-commerce growth drives the autonomous delivery robots market.
Market Trends –
Major companies operating in the autonomous delivery robot market are focusing on developing technologically advanced solutions, such as next-generation self-driving robots, to enhance delivery efficiency and meet evolving consumer demands. Next-generation self-driving robots are advanced autonomous robots featuring cutting-edge technology for more efficient and accurate delivery tasks. For instance, in January 2022, Serve Robotics Inc., a US-based developer of advanced, AI-powered delivery robots, launched next-generation delivery robots that achieve Level 4 autonomy, making it the first autonomous vehicle company to complete commercial deliveries. These robots can operate autonomously in designated areas, navigating busy city sidewalks and handling various urban challenges without human intervention. Equipped with advanced safety technologies such as lidar, ultrasonics, and cameras, they ensure safe navigation through features like automatic emergency braking and collision avoidance. The development of these robots involved collaborations with technology partners like NVIDIA and Ouster, enhancing their AI computing and sensing capabilities.
The autonomous delivery robots market covered in this report is segmented –
1) By Product: Fully Autonomous, Semi-Autonomous
2) By Component: Hardware, Software
3) By Payload Capacity: Light Payload (Up To 5 Kg), Medium Payload (5 Kg – 20 Kg), Heavy Payload (More Than 20 Kg)
4) By End-Use: Healthcare, Hospitality, Retail, Logistics, E-commerce, Food And Beverages, Other End Uses
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Regional Insights –
North America was the largest region in the autonomous delivery robots market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the autonomous delivery robots market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the autonomous delivery robots market are Amazon Robotics LLC, JD.com Inc., Alibaba Group Holding Limited, Panasonic Holdings Corporation, Rakuten Mobile Inc., KEENON Robotics Co. Ltd., Nuro Inc., Kiwibot U, Pudu Robotics Inc., Aethon Inc., Segway Robotics Inc., SEER Robotics Group LLC, Ottonomy.IO Inc., Bear Robotics, Starship Technologies Ltd., Refraction AI Inc., Doozy Robotics, Aitonomi AG, Clevon Corp, DriveU.auto, Relay Robotics Inc., Serve Robotics Inc., TeleRetail AG
Table of Contents
1. Executive Summary
2. Autonomous Delivery Robots Market Report Structure
3. Autonomous Delivery Robots Market Trends And Strategies
4. Autonomous Delivery Robots Market – Macro Economic Scenario
5. Global Autonomous Delivery Robots Market Size and Growth
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32. Global Autonomous Delivery Robots Market Competitive Benchmarking
33. Global Autonomous Delivery Robots Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Autonomous Delivery Robots Market
35. Autonomous Delivery Robots Market Future Outlook and Potential Analysis
36. Appendix
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