The Global Autonomous Delivery Vehicles Market is projected to be valued at USD 24.73 Billion by 2027, according to the current analysis by Emergen Research. The growing demand for quicker delivery, along with advancement in technology, will impact the market positively. The rise of the e-commerce sector and rapidly changing consumer lifestyles will drive the market demand.
Autonomous delivery vehicles are a crucial emerging technology in restaurants & food chains, and the retail sector. An increase in the urban population will lead to massive traffic congestion. Furthermore, the growing concern for environmental issues will create a need for these types of vehicles.
The commercialization of autonomous vehicles is propelling due to the imposition of quarantine and lock-down for an extended period. Consumers are increasingly purchasing autonomous delivery vehicles to lower the risk of getting infected by the COVID-19 infection. The situation is boosting the emergence of technology in the market.
Autonomous delivery vehicles provide service to customers at their doorstep without any intervention from humans in the entire process. It ensures that the package is delivered in a limited time without affecting the market image of the company. The surge in the usage of the internet will fuel the adoption of online shopping, which, in turn, requires a more efficient and better means to deliver to the customer.
Autonomous delivery vehicles provide service to customers at their doorstep without any intervention from humans in the entire process. It ensures that the package is delivered in a limited time without affecting the market image of the company. The surge in the usage of the internet will fuel the adoption of online shopping, which, in turn, requires a more efficient and better means to deliver to the customer.
Key Highlights From The Report
- In October 2020, Target Arm and BIB Tech partnered to launch a food delivery plan via drones. Under the agreement, Target Arm’s Tular hardware will offer drone recovery and launch from moving and static electric trucks for BIB Tech to serve different food service businesses.
- Rising demand for commercial aerial delivery drones in various industry verticals, including agriculture, is a primary driver for market growth. Manufacturers are focusing on the development of advanced aerial delivery drones with built-in abilities of geographic information systems (GIS), global positioning systems (GPS), and the autopilot system.
- Some restaurants have tested drone delivery services, but the technology is still in the development phase. With home delivery, restaurant services are not limited to the number of tables available and drastically increase the target customers.
- North America held the largest market share and is expected to witness a high demand for delivery vans in the current situations due to the rising COVID-19 infection in the U.S. and increasing necessity to curb the spread of the disease. The region held a share of 47.7% in the year 2019.
- Key participants include Starship, Amazon, FedEx, Postmates Serve, Nuro, Alphabet Wing, UPS Flight Forward, Aurora, Matternet, and Zipline.
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