According to a Facts and Factors market research report, the global autonomous delivery robots market was estimated to be USD 17.13 Billion in 2020; and the revenue is expected to reach around USD 55 Billion by the end of 2026, increasing at a CAGR of around 20.4% from 2021 to 2026.
Autonomous delivery robots are electric-powered motorized vehicles that can transport things or goods to customers without the need for human intervention. These robots are trained to transport a variety of objects from one location to another. Among the items to be supplied are couriers, food, supplies, and other products. The most autonomous delivery robots are used in retail, hospitality, healthcare, logistics, and other industries. Lower delivery costs in last-mile deliveries and an increase in venture capital funding are the key drivers of market expansion. The global emergence of the e-commerce company is also a driving force behind the market's expansion.
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Top Market Players
Eliport, Boston Dynamics, Robomart, Panasonic System Solutions Asia Pacific, Savioke, Starship Technologies, JD.com, Amazon Robotics, Robby Technologies, and Nuro are the main key participants in the autonomous delivery robots market.
Reduction in delivery costs in last-mile deliveries
In most supply chains, the final phase of product delivery, from the warehouse or distribution center to the end-user, accounts for about 28% of total transportation costs. Congestion in cities, remote locations, incorrect or erroneous address information, difficult-to-find destinations, and a severe labor shortage for providing on-demand delivery services are all factors that affect last-mile delivery. Thereby, certain factors are contributing to the market growth. Moreover, continued e-commerce expansion, as well as rising consumer expectations for faster and frictionless deliveries, have produced attractive industry growth potential. E-commerce and package deliveries are rapidly expanding, and numerous start-ups have already begun testing autonomous delivery robots to bring packages and groceries to customers (ADRs). Certain initiatives are expected to drive the demand for the market forward in the next few years.
The current COVID-19 pandemic has brought attention to delivery robots for contactless package deliveries all over the world, and high market demand has prompted delivery robot developers to open large-scale operations in a number of US cities. The deployment and use of delivery robot technology are expected to enhance the market for delivery robots during the pandemic.
The autonomous delivery robots market is divided into two types of autonomous delivery robots: semi-autonomous robots and fully autonomous robots. Fully autonomous robots had accounted for the largest market share in 2020 and are predicted to increase at the quickest rate over the projected years. Completely autonomous delivery robots are fully automated delivery robots that do not require human intervention to complete their tasks. The market is classified based on their load-carrying capacity: up to 10 kg and more than 50 kg. Based on the components of autonomous delivery robots, the market is segmented into hardware and software. Hardware components will make for a larger percentage of the delivery robot market in 2020. The higher-priced components, such as LiDAR sensors and radars, account for a larger portion of the hardware market. The market for software components, on the other hand, is expected to grow at a quicker CAGR during the forecast period, thanks to increased demand for delivery robots with auto navigation and autonomous decision-making abilities. The number of wheels on an autonomous delivery robot can be divided into three categories: three wheels, four wheels, and six wheels. In terms of value, the four-wheeled delivery robot market held the largest share in 2020. The autonomous delivery robots market is bifurcated into logistics, healthcare, food & beverage, retail, postal, and others based on the end-user industry.
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North America Dominates the Market
North America commanded the market share in 2020 by accounting largest market share, and it is predicted to increase at a rapid rate over the projected period. A considerable number of manufacturers and start-ups dedicated to the improvement of autonomous delivery robotic technology are situated in this region, as are many of the top market vendors. In addition, the region has a comparatively high penetration of autonomous delivery robots among various end-users when compared to other parts of the world.
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