by Market Overview:
Autonomous delivery robots are ground-based robots used for delivery of food items, parcels and packages without human involvement. These robots use radio frequency identification, advanced sensors, cameras, Geographic Information Systems and navigation technologies to navigate environments and drive autonomously. They are primarily used by online retailers, restaurants and logistics companies for last mile deliveries.
Market Dynamics:
Rising adoption of advanced technologies such as artificial intelligence and robotics along with growing number of partnerships between delivery robot companies and online retailers are the major factors estimated to propel growth of the global autonomous delivery robots market over the forecast period. For instance, in May 2020, Starship Technologies partnered with Just Eat to deploy its autonomous delivery robots in different countries for food delivery. In addition, advancement in AI and machine learning solutions has led to development of more advanced autonomous delivery robots capable of operating safely in urban environments and avoiding obstacles. However, high initial investment and limited operation capabilities in adverse weather conditions are some challenges for growth of the autonomous delivery robots market.
SWOT Analysis
Strength: Autonomous delivery robots have three main strengths – they provide contactless delivery reducing health risks, they operate 24/7 with high efficiency and require low labor costs. Their automated operation ensures timely delivery of packages without human errors.
Weakness: Current autonomous delivery robots have limited payload capacity and can only deliver small packages. Their reliance on GPS and other technologies also makes them susceptible to technical glitches. Additionally, initial investment costs are high for both robots and required infrastructure.
Opportunity: The growing e-commerce industry is expanding the scope of automated delivery. Rising consumer demand for quick and efficient delivery also presents an opportunity. Developing ultra-precision mapping technologies can help autonomous robots efficiently navigate complex environments.
Threats: Strict regulations around autonomous vehicles may limit rollout of delivery robots. Ethical and safety concerns from public can delay large-scale commercialization. Advances in drone and other robotic technologies pose competition in the delivery logistics market.
Key Takeaways
The Global Autonomous Delivery Robots Market Demand is expected to witness high growth, exhibiting a CAGR of 43% over the forecast period, due to increasing demand for contactless delivery amid the COVID-19 pandemic. These robots can autonomously navigate sidewalks and roads to deliver packages without human interaction.
Regional analysis: North America dominates the global market currently, accounting for over 35% share due to robust technology infrastructure and supportive regulations. However, Asia Pacific is emerging as the fastest growing regional market, driven by e-commerce boom in countries like China, India and Japan. Countries are developing smart city infrastructure supporting autonomous delivery bots.
Key players: Key players operating in the autonomous delivery robots market 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 delivered millions of autonomous rides across campus and community. Nuro has partnered with retailers for last-mile delivery.
Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
