According to a new report, published by KBV research, The Global Autonomous Last Mile Delivery Market size is expected to reach $6.76 billion by 2031, rising at a market growth of 23.1% CAGR during the forecast period.
The Short Range segment captured the maximum revenue in the Global Autonomous Last Mile Delivery Market by Range in 2023, thereby, achieving a market value of $4.3 billion by 2031. The rise of e-commerce, online food delivery, and grocery services has significantly fueled the adoption of autonomous ground delivery bots and small self-driving vehicles, which efficiently navigate sidewalks, pedestrian areas, and local roads. Technological advancements in AI-powered navigation, real-time tracking, and obstacle detection have enhanced the efficiency and reliability of these delivery bots.
The Hardware segment is experiencing a CAGR of 22.4 % during the forecast period. The hardware segment is primarily driven by the increasing adoption of autonomous delivery vehicles, aerial drones, and robotic delivery bots, which rely on advanced sensors, LiDAR, radar, high-resolution cameras, and GPS modules for navigation and obstacle detection. The rapid development of energy-efficient battery technologies and onboard computing systems has fueled the demand for high-performance hardware components.
The Ground Delivery Bots segment led the maximum revenue in the Global Autonomous Last Mile Delivery Market by Vehicle Type in 2023, thereby, achieving a market value of $3.0 billion by 2031. These bots are widely deployed in controlled areas such as university campuses, business parks, and residential communities, where they can operate without major regulatory restrictions. Advancements in AI-powered navigation, sensor technology, and energy-efficient batteries have enhanced their ability to navigate sidewalks, avoid obstacles, and optimize delivery routes.
The Retail segment is growing at a CAGR of 22.3 % during the forecast period. In response to the increasing demand for same-day and next-day deliveries, retailers are investing in drone-based logistics, self-driving delivery wagons and autonomous ground bots to streamline last-mile operations. The integration of AI-driven inventory management, IoT-enabled tracking, and warehouse automation has further improved delivery efficiency and reduced operational costs.
Full Report: https://www.kbvresearch.com/autonomous-last-mile-delivery-market/
The North America region dominated the Global Autonomous Last Mile Delivery Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2.8 billion by 2031. The Europe region is anticipated to grow at a CAGR of 22.7% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 24.3% during (2024 - 2031).
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