The autonomous last mile delivery market is expected to grow at a CAGR 18.97% rate during the forecast period. The requirement to increase delivery efficiency and reduce delivery time has led to the use of aerial delivery drones and ground delivery vehicles to carry out the autonomous last mile delivery of packages. The development of advanced and cost-effective aerial delivery drones and ground delivery vehicles is also fuelling the growth of the market.

The more than 5 kg segment is estimated to account for the largest share of the market in 2019. The high adoption rate of aerial delivery drones and ground delivery vehicles with a load carrying capacity of >5 kilograms in the e-commerce and retail industries is fueling the growth of the >5 kilograms segment of these markets. Aerial delivery drones and ground delivery vehicles with a payload capacity of >5 kilograms are used to deliver heavy parcels ordered by online shoppers.

The long range (>20 kilometers) segment of the aerial delivery drones market and the ground delivery vehicles market is projected to grow at a higher CAGR than the small range (<20 kilometers) segment during the forecast period. The growth of this segment can be attributed to the increased use of these drones and vehicles for quick and cost-effective delivery of packages to long distance locations.

The aerial delivery drones segment is expected to lead the autonomous last mile delivery market in 2019, owing to their ease of use and high maneuverability. The aerial delivery drones travel long distances in a short period of time and are capable of delivering packages in geographically challenging locations. The aerial delivery drones segment of the market is projected to grow at a higher CAGR than the ground delivery vehicles segment during the forecast period.

The North American region is expected to lead the aerial delivery drones market and the ground delivery vehicles market in 2019, and the trend is expected to continue during the forecast period as well. The growth of these markets in the North American region can be attributed to the continuous efforts being made in the US and Canada for the development of next-generation drone and ground delivery vehicle technologies.

Key market players include Starship Technologies (US), Savioke (US), Nuro (US), JD.com (China), and Flirtey (US), among others.

Key Questions Addressed by the Report

 

• What are the drivers, restraints, challenges, and opportunities influencing the growth of the autonomous last mile delivery market?

 

• What are the key sustainability strategies adopted by leading players operating in the market?

 

• What are the new emerging technologies and use cases disrupting the industry?

 

• When high growth niche segments are expected to impact the revenue mix of companies?

 

• Who are the key players and innovators in the market?

 

• How is the competitive landscape changing in the client ecosystem and impacting their revenue shares?

Segmentation