Global Autonomous Last Mile Delivery Market | Growth, Trends

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The Global Autonomous Last Mile Delivery Market
to Progress at CAGR of 19.15 by 2028
Triton Market Research presents the Global
Autonomous Last Mile Delivery Market segmented by
Range (Long Range gt 20 km, Short Range lt 20
km), Vehicle Type (Aerial Delivery Drones,
Ground Delivery Bots, Self-Driving Vehicles),
Application (Healthcare Pharmaceuticals,
Retail, Food Beverages, Logistics, Other
Applications), Solution (Software, Services,
Hardware), and by Geography (Asia-Pacific, Latin
America, Europe, North America, Middle East and
Africa). The report further discusses the Market
Summary, Industry Outlook, Market Definition, Key
Insights, Porters Five Forces Analysis, Market
Attractiveness Index, Vendor Scorecard, Drivers,
Restraints, Opportunities, Competitive Landscape,
Methodology Scope, Global Market Size,
Forecasts Analysis (2021-2028). Tritons report
denotes that the global autonomous last mile
delivery market is projected to showcase revenue
growth by 19.15 of CAGR during the years
2021-2028.
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The market includes autonomous vehicles and
drones that are deployed in the last mile
delivery process. Moreover, the speedy delivery
and cost-effective capabilities of autonomous
vehicles and drones help recover additional costs
concerning their development and purchase. The
autonomous last mile delivery service is
anticipated to become beneficial in delivering
products without any human involvement in the
process. Here, several companies have carried out
development, including AI implementation in
ground delivery robots, which influences the
studied markets growth. Hence, the increasing
technological advancements are opening multiple
opportunities for the autonomous last mile
delivery market. Additionally, drone deliveries
in inaccessible areas by road or air also offer
several growth opportunities to the global
market. However, several government restrictions
are hampering the progress of the autonomous last
mile delivery market during the estimated
period. Globally, North America is expected to
become the fastest-growing market for autonomous
last mile delivery during the considered years
2021-2028. The regions strong growth is mainly
owing to the presence of key market players and
technological advancements. Moreover, the surge
in the adoption of autonomous last mile delivery
services in the region has influenced companies
to carry out innovations, further fueling the
studied markets progress. Additionally, with
continual enhancements in the technologies such
as AI, machine learning, and robotics, the
logistics and supply chain sectors have
proliferated in the United States and Canada.
Hence, these factors are propelling the
autonomous last mile delivery market on a growth
path. The companies involved in the market are
Marble Robots Autonomy Technology Solutions,
UPS, Zipline, Starship Technologies, Airbus SAS,
Drone Delivery Canada, Nuro, Marathon Targets,
Robby Technologies, Walmart, Matternet, Savikoke,
FedEx, Flirtey, Eliport, Flytrex, Waymo, JD.com,
Amazon, and DHL Express. The new entrants are
equipped with improved technologies that the
current players might not possess in the market.
Moreover, several startup companies are trying to
solve issues in the last mile delivery process by
implementing robotics and drone technology. These
factors indicate the threat from new entrants is
expected to remain moderate during the estimated
period. On the other hand, the competition is
still relatively at its initial stage as
companies are developing new methods to attain
the best results from the technologies. Hence,
the markets growth scope is higher however, the
competition among the existing players remains
low.
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