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Global Autonomous Last Mile Delivery Market Growth Graph to register Upward Trend by 2028

According to Inkwood Research, the Global Autonomous Last Mile Delivery Market is set to evolve at a CAGR of 18.51% in terms of revenue during the forecast period, 2021-2028.

“Browse 24 Market Data Tables and 46 Figures spread over 175 Pages, along with an in-depth TOC on the Global Autonomous Last Mile Delivery Market Forecast 2021-2028.”

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Last mile delivery is an expensive and complex step to manage in the logistics process. The delivery is done by a robot. Hence the error and costs involved are done with. Though, there are expenses involved in the purchasing of robots.

Rising Demand for Fast Delivery Fuels Market Growth

Last mile delivery has become an integral part of maintaining customer service and brand image. Carriers and logistics providers are aiding retailers in meeting the rising expectations of the consumers. The tech-savvy generation uses advanced smartphones and prefers advanced internet services. This has further boosted online sales. Thus, there is an increasing demand for value-added services and adequate last mile deliveries.

Customers are making sophisticated choices. They are opting for instant or same-day delivery, if available at affordable prices. The increasing demand for last-mile delivery and its execution for business and consumer packages within a specific timeframe has pushed for excellence in final mile deliveries. Such factors have pushed companies to utilize driverless vehicles or drones. Walmart, FedEx, and Amazon are developing last mile delivery operations to increase their efficiency.



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Short Range (<20 km) is the Dominating Range

Short-distance vehicles are designed to deliver services within a specific range. This is because of the underdeveloping infrastructure for last mile delivery services across the globe. Drones are limited to a small delivery radius. The range can be extended by deploying them from a moving autonomous vehicle. The deliveries are limited to uncongested rural areas that have the lowest regulatory barriers to aviation. Since the autonomous last mile delivery service is in introductory phases, the vendors and manufacturers have launched short-range delivery drones. As per estimations, short-range deliveries are projected to take place rather than the long-range ones in the beginning.

North America – Leading Region in terms of CAGR & Revenue

North America encompasses the increasing adoption of automation in last mile delivery services, which has enabled companies to follow through various innovations. Also, the logistics market in the region is highly competitive. This has encouraged several market players to invest in the sector, so as to facilitate the flow of goods through the largest consumer market in the world. Moreover, the availability of infrastructures like advanced ports and automated container terminal, liberalized custom process, has further enhanced the logistics in the region. Such factors are set to provide a conducive environment for market growth.

The competition is at a nascent stage as companies are evaluating several methods to get optimal results from their technology. The industry rivalry is estimated to be low, since the scope for market expansion is high. Some of the companies establishing their presence in the market include, Amazon, Zipline, Walmart, Nuro, Starship Technologies, JD.com, etc.

About Inkwood Research

Inkwood Research specializes in syndicated & customized research reports and consulting services. Market intelligence studies with relevant fact-based research are customized across industry verticals such as technology, automotive, chemicals, materials, healthcare, and energy, with an objective comprehension that acknowledges the business environments. Our geographical analysis comprises North & South America, CEE, CIS, Middle East, Europe, Asia, and Africa.

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