Autonomous Last Mile Delivery Market Projected to Reach $4.2 billion by 2030

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Autonomous Last Mile Delivery Market Projected
to Reach 4.2 billion by 2030 at a CAGR of 22.7

• The Autonomous Last Mile Delivery Market is
  valued at USD 0.9 billion in 2023 and is
  projected to reach USD 4.2 billion by 2030, at a
  CAGR of 22.7. There is increasing usage of
  sense and avoid systems in aerial delivery drones
  BVLOS features and enhanced safety offered by
  them. These sense and avoidance systems use a
  combination of cameras, radar, LiDAR, and other
  systems to detect and avoid obstacles
  successfully.
• Key Market Players
• Winners of the autonomous last mile delivery
  market are Starship Technologies (US), JD.com
  (China), Nuro (US), Amazon (US), Kiwibot (US),
  Zipline (US), United Parcel Service (US), Wing
  (US), Flirtey (SkyDrop) and Matternet, Inc.
  (US).
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• Moreover, there has been a notable surge in the
  utilization of autonomous ground delivery
  vehicles within the food and retail sectors. This
  trend primarily stems from the challenges posed
  by urban congestion. The congestion issue leads
  to difficulties in delivering products to
  distant and remote areas, as well as encountering
  instances of invalid or inaccurate address
  information and hard-to-locate destinations.
  Additionally, the ongoing labor shortage
  exacerbates these challenges and contributes to
  escalated product delivery expenses.
• Implementing automated delivery systems has the
  potential to bring about a transformative impact
  on the retail industry. It can significantly
  reduce delivery costs by 80 to 80 when
  compared to human-operated delivery methods.
  Furthermore, advancements in technology for
  autonomous ground delivery vehicles, coupled with
  increased venture funding dedicated to the
  development of cutting-edge ground delivery
  solutions, have greatly contributed to the growth
  of this market.
• Based on Platform, the ALMD market is segregated
  for both aerial delivery drones and ground
  delivery vehicles. Since, in recent times, aerial
  delivery drones and ground delivery vehicles are
  so much in discussion and undergoing RD testing
  and trials across the globe, the market for
  these two platform modes is likely to grow
  manifold in the coming years. Factors like
  minimal human intervention and cheaper delivery
  rates are boosting the interest in the ALMD
  market as compared to

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conventional methods like trucks and airplanes
for the delivery of parcels, food, and essential
healthcare supplies. Based on the solution, the
aerial delivery and ground delivery market are
classified into hardware, software, and
infrastructure. The hardware market is projected
to lead both the aerial delivery and ground
delivery market. This is due to the growing need
for instantaneous delivery of food, medicine, and
retail goods, and the global growth of the
e-commerce industry is propelling the growth of
the market. The hardware components of a drone
comprise the structural buildup of drones, which
houses other components of a drone like the
software. Hardware components are made of alloy
or composite materials and are sub-categorized as
airframe, avionics, propulsion system, and
payload. At the same time, the hardware
components of a ground delivery vehicle comprise
navigation, propulsion, and various other
components. They are made of alloy, polymer, or
composite materials. Based on application, the
aerial delivery drone market has been segmented
into logistics transportation, healthcare
pharmacy, and retail food. The logistics
transportation segment has been further segmented
into postal delivery and package delivery. The
healthcare pharmacy segment has been classified
into medicine supply, blood supply, organ
transport, equipment transport, and package
delivery. The retail food segment has been
segmented into e-commerce, grocery delivery,
and food delivery. The ongoing pandemic has made
positive impacts on the drone delivery
market. Based on Region, North America is
projected to experience the highest CAGR during
the forecast period. This growth can be
attributed to the increasing popularity of
online shopping through e-commerce platforms and
favorable regulations set by the Federal
Aviation Administration (FAA) in the United
States. Key players in the industry are also
making significant investments to support
startups in establishing parcel service
platforms, which will contribute to the expansion
of the North American market. The adoption of
drone technology for package delivery is expected
to witness substantial growth in the forecast
period, driven by the automated delivery
operations implemented by the FAA in the United
States. Ameriflight, a prominent cargo airline
handling 75,000 daily packages, has received FAA
approval for its delivery operations. This
airline provides feeder services to overnight
express carriers and offers on-demand cargo
charter services. Although facing occasional
resistance, autonomous delivery robots are
making progress in urban environments. In North
America, particularly in the United States,
ground delivery robots have been successfully
commercialized in recent years. Companies like
Savioke, Nuro, Robby Technologies, and others
have developed autonomous mobile robots that are
well- suited for street navigation and are
already being utilized in enclosed premises such
as universities and hotels, demonstrating their
practical value. Ask for Sample Report
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