by Market Overview:
Autonomous delivery robots are autonomous robots that can transport and deliver parcels, food, and other goods to customers without human involvement. These robots use technologies such as computer vision, sensors, GPS for navigation, and machine learning for autonomous operation. They provide advantages such as contactless delivery and solutions for last-mile delivery challenges.
Market key trends:
One of the major trends in the autonomous delivery robots market is the adoption of delivery robots for delivery logistics during the COVID-19 pandemic. The pandemic situation has increased demand for contactless deliveries, thereby fueling the adoption of autonomous delivery robots for deliveries. Various restaurants, retailers, and logistic players are collaborating with autonomous delivery robot manufacturers for reliable and contactless deliveries. Another trend is the increasing focus of market players on developing delivery robots for food and grocery delivery. Moreover, there is continuous innovation and technological advancement in the areas of machine vision, navigation, path planning, and fleet management which is helping to make delivery robots more efficient and adaptive.
The autonomous delivery robots market is witnessing increasing adoption of L4 and above autonomous vehicles for last mile delivery applications. Various companies are investing heavily in R&D to develop autonomous bots that can navigate complex environments and deliver goods independently in human habitats & public spaces. Advancements in computer vision, SLAM and AI are enabling high fidelity mapping and localization for safe autonomous navigation. Cloud connectivity and IoT integration is allowing remote supervision and monitoring of delivery bots. Newer advances in fleet management and optimization algorithms are improving delivery efficiency.
The global Autonomous Delivery Robots Market Size is estimated to be valued at US$ 1.07 Mn in 2023 and is expected to exhibit a CAGR of 43.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
SWOT Analysis
Strength: Autonomous delivery reduces labor costs and enables 24/7 operations. Advance sensor tech and AI ensures safe navigation.
Weakness: High upfront investment required. Regulation and acceptance challenges in new markets.
Opportunity: Expanding e-commerce and demand for contactless delivery. First mover advantage in emerging markets.
Threats: Functional limitations in complex environments. Rescheduling issues could impact customer experience. Cyber security and privacy concerns.
Key Takeaways
The global autonomous delivery robots market is expected to witness high growth, exhibiting CAGR of 43% over the forecast period, due to increasing demand for contactless delivery amid the pandemic.
The North American region currently dominates the autonomous delivery robots market owing to high technology adoption and significant investment in robotics companies by venture capitalists and tech giants in the US.
The 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. These players are focusing on expanding their global presence through mergers and acquisitions and advanced product development.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
