Global Autonomous Last Mile Delivery Market to Reach $58.89 Billion by 2028

Autonomous last mile delivery consists of autonomous vehicles to deliver the product or service to customer’s doorstep without any human intervention in the entire process. It ensures that the product is delivered to the customer within a stipulated time without hampering the dignity and market image of the company. As free shipping and excessive orders are being placed more frequently, there’s been a need for a more high-tech and efficient solution. In this scenario, autonomous last-mile delivery gains importance. It includes the implementation of aerial delivery drones.

The Global Autonomous Last Mile Delivery Market is accounted for $14.64 billion in 2021 and is expected to reach $58.89 billion by 2028 growing at a CAGR of 22.0% during the forecast period. With the advent in the COVID-19 pandemic, customer’s preference toward online shipping of daily necessities has increased, which has supplemented the growth of the autonomous last mile delivery market.

The COVID-19 pandemic has accelerated the adoption of technologies such as artificial intelligence (AI) along with advanced demand sensing algorithms in last mile delivery services; thus, creating a competitive advantage among key players in the industry. The trend for delivery of packages by means of drones and other autonomous vehicles has increased due to technological advancement along with the demand for faster delivery of packages. Various companies providing drone delivery services have made innovations and developments to deliver packages to longer distances without human involvement, which further boosts the market growth. For instance, Zipline along with other companies is effectively delivering the medical services in Ghana and Rwanda by means of drones. Such collaborations and technological advancements in delivery vehicles drive the growth of the autonomous last mile delivery market across the globe.

North America is projected to hold the largest market share during the forecast period. The US is the largest market for autonomous last mile delivery in North America. The growing spending by the US government organizations for drone/autonomous ground vehicle upgradation and private players along with deployment of autonomous last mile delivery solutions are key factors expected to drive the market in North America. Moreover, during the pandemic, across North America, customers are inclined to e-shopping for daily necessities such as groceries, medicines, and others as preventive measures to avoid human-to-human interaction or contact. Thus, to deliver the orders, shop owners and other ecosystem players have collaborated and agreed with local & international drones and ground delivery bot manufacturers to offer their products.

Some of the key players profiled in the Autonomous Last Mile Delivery Market include Airbus, Altitude Angel, Amazon, Dronescan, Eliport, Flirtey, Flytrex, Hardis Group, Matternet, Nuro, Robby Technologies, Skycart, Starship Technologies, Unsupervised.AI, and Zipline

Read More: https://www.giiresearch.com/report/smrc1064174-autonomous-last-mile-delivery-market-forecasts.html 

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