Sky-High Growth: Aerial Drones and Ground Vehicles Transforming Last Mile Logistics

The latest market research report on the Autonomous Last Mile Delivery Market forecasts a robust growth trajectory, estimating its value at USD 0.9 billion in 2023 and projecting a remarkable surge to USD 4.2 billion by 2030, boasting a Compound Annual Growth Rate (CAGR) of 22.7%. The market has witnessed accelerated development, driven by key factors such as the booming e-commerce sector and significant advancements in autonomous vehicle technologies.

Key Market Players:

The report identifies key players dominating the autonomous last mile delivery market, including Starship Technologies, JD.com, Nuro, Amazon, Kiwibot, Zipline, UPS, Wing, Flirtey (SkyDrop), and Matternet, Inc. These industry leaders offer diverse drones applicable across various sectors and boast strong distribution networks globally.

Key Drivers:

E-commerce Boom: The rapid growth of e-commerce and online shopping has fueled the demand for efficient last-mile delivery solutions, particularly in urban areas where traffic congestion poses challenges to timely deliveries.

Advancements in Autonomous Vehicles: Major players in the automotive industry investing heavily in research and development have led to significant progress in self-driving vehicles, equipped with advanced sensors, artificial intelligence, and machine learning capabilities.

Market Segmentation:

The report categorizes the market based on platforms, solutions, applications, types, payload weight, range, duration, and regions. Notable segments include aerial delivery drones, ground delivery vehicles (delivery bots, self-driving vans & trucks), and various payload weight categories.

Segment Highlights:

High Growth Platforms: Delivery drones in the aerial segment and self-driving vans & trucks in the ground segment are expected to witness the highest CAGR, offering expedited delivery capabilities and reduced dependence on human intervention.

Long-Range Dominance: The long-range segment (>20 Kilometers) is projected to lead both aerial and ground autonomous last-mile delivery markets, driven by the portability, efficiency, and low operating costs of delivery drones and ground vehicles.

Application Trends:

Retail & Food Dominance: Both aerial and ground segments show the retail & food application segment growing with the highest CAGR during the forecast period, propelled by the rapid growth of e-commerce and the demand for faster delivery services.

Solution Insights:

Infrastructure Solutions Leadership: The infrastructure solution segment is expected to witness the highest growth in both aerial and ground segments, thanks to continuous technological advancements that enhance navigation, obstacle avoidance, and overall operational efficiency.

Regional Landscape:

North America Leading: North America is projected to hold the highest market share in 2023, fueled by a mature e-commerce ecosystem, high adoption of online shopping, significant advancements in autonomous vehicle technology, and a well-developed logistics and transportation network.

This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.