Global Autonomous Last Mile Delivery Market 2021-2028
Posted by Prachiti Sharma on December 14th, 2020
Bharat Book Bureau Provides the Trending Market Research Report on “Global Autonomous Last Mile Delivery Market 2021-2028”under Heavy Industry Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.
MARKET OUTLOOK
The GlobalAutonomous Market: last mile delivery market is projected to display a CAGR of 19.15% during the projected years of 2021-2028.
The growing need for fast delivery systems is one of the significant factors positively impacting the autonomous last mile delivery market worldwide. Additionally, the surge in technological innovations is another factor opening multiple avenues for the studied market’s progress. Furthermore, drone delivery has detected new opportunities to supply products in inaccessible locations.
However, the inadequacy of infrastructure and government restrictions are estimated to limit the autonomous last mile delivery market’s growth during the considered years.
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REGIONAL OUTLOOK
The global autonomous last mile delivery market covers the Asia-Pacific, North America, Latin America, Europe, and the Middle East and Africa regions.
Globally, North America is expected to become the fastest-growing market for autonomous last mile delivery during the forecast years 2021-2028. The region’s fast growth can be attributable to the large size of the e-commerce industry and technological advancements. Customers’ preferences have shifted towards having faster deliveries, with lower or no charges. This poses significant challenges for the logistics companies in last mile delivery. However, with the e-commerce sector gaining substantial traction, the companies are focusing on developing the last mile delivery process.
Additionally, the customers are demanding shorter delivery duration, including same-day delivery and next-hour services. Here, technological advancements such as robotics, data analytics, and more, are reforming how retailers cater their products to the end-users. Hence, these factors are anticipated to contribute to the growth of the autonomous last mile delivery market across the region.
COMPETITIVE OUTLOOK
The renowned companies thriving in this market are FedEx, JD.com, Waymo, Robby Technologies, Zipline, Airbus SAS, Walmart, Marathon Targets, UPS, Drone Delivery Canada, Matternet, Flirtey, Starship Technologies, Amazon, Nuro, DHL Express, Eliport, Flytrex, and Savikoke.
Amazon is a multinational technology company that caters to customers around the world. Its international segment provides retail sales of consumer products through its internationally-focused websites. The company has established a marketplace for consumers, sellers, and content creators. Earlier, Amazon announced the launch of Amazon Prime Air, a program to improve a group of aerial vehicles to digitalize and automate its last-mile delivery process. This technology will further enable amazon to enhance its delivery process, while ensuring customer satisfaction.
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