July 24, 2024
AUTONOMOUS DELIVERY ROBOTS MARKET

Autonomous Delivery Robots Market Connected with Market Growth of 43.4%

The global Autonomous Delivery Robots Market is estimated to be valued at US$ 0.52 Mn or Mn in 2021 and is expected to exhibit a CAGR of 43.4% over the forecast period 2022 and 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Autonomous delivery robots are unmanned robotic vehicles capable of navigating autonomously from point A to point B without any human supervision. These robots are designed to carry and deliver packages, food, and other goods. They utilize an array of sensors and technologies such as GPS, navigation control systems, onboard computers, and collision avoidance sensors for autonomous operation. The need for contactless delivery arising from the COVID-19 pandemic has significantly boosted the demand for autonomous delivery robots.

Market key trends:

One of the key trends in the autonomous delivery robots market is the growing focus on autonomous delivery for food and other goods. COVID-19 pandemic has accelerated the adoption of autonomous robots for food delivery and contactless services. Companies like Starship Technologies, TeleRetail, and Robomart Inc. are actively working on facilitating food deliveries through autonomous robots. Increasing investments for technology advancements are enabling these robots to travel safely on sidewalks and identify obstacles to safely deliver orders to customers. This trend is expected to continue over the coming years due to rising demand for contactless services post pandemic.

Porter’s Analysis

Threat of new entrants: The autonomous delivery robots market requires high investments in R&D for technology development which makes the threat of new entrants low.

Bargaining power of buyers: Buyers have moderate bargaining power in this market as there are multiple established players providing autonomous delivery robots.

Bargaining power of suppliers: Key components like sensors and software platforms are specialized requiring high investments. This gives suppliers significant bargaining power over buyers.

Threat of new substitutes: Potential substitutes like drones are emerging. However, regulations around drone deliveries currently restrict their large-scale adoption.

Competitive rivalry: The autonomous delivery robots market has several international players operating. Competition is intense based on technology, features, reliability and pricing.

Key Takeaways

The global Autonomous Delivery Robots Market is expected to witness high growth, exhibiting CAGR of 43.4% over the forecast period, due to increasing adoption among food chains and retail outlets for last-mile deliveries.

The US region currently dominates the market due to high focus on technological advancements. Supportive regulations for testing autonomous vehicles and rapid expansion of E-commerce are fueling the regional market.

Key players operating in the autonomous delivery robots market are Starship Technologies, Marble Robot Inc., TeleRetail, Postmates Inc., Robby Technologies, Robomart Inc., Kiwibot, Udelv Inc., Savioke Inc., Segway Robotics Inc., Nuro Inc., Cleveron AS, Eliport, ANYbotics AG, Box Bot Inc., Neolix, Effidence and Aethon Inc. Starship Technologies captured highest market share in 2021 owing to its well established delivery network spread across several countries.

*Note:

  1. Source: Coherent Market Insights, Public sources, Desk research
  2. We have leveraged AI tools to mine information and compile it