Market Overview:
Autonomous delivery robots are self-driving vehicles that are used to deliver goods from one location to another without any human intervention. These robots are equipped with technologies like cameras, sensors, GPS, and other systems allowing them to navigate through the environment autonomously. They are increasingly being adopted for transporting food items, parcels, medicines and other goods due to their benefits of being a cost-effective and sustainable mode for delivery.
Market key trends:
Rapid e-commerce adoption and increasing demand for contactless deliveries are driving the growth of autonomous delivery robots market. Due to the Covid-19 pandemic, online shopping experiences a significant boost as people prefer contactless shopping and delivery. This has increased the demand for autonomous delivery robots from e-commerce companies for last-mile delivery. These robots provide the advantages of requiring no human intervention, being able to navigate efficiently even in narrow areas, and offering a sustainable delivery solution to reduce carbon footprint. Many companies are focusing on developing inexpensive and energy-efficient autonomous delivery robots to capitalize on the lucrative opportunities in this market.
Porter’s Analysis
Threat of new entrants: The threat of new entrants is low as this market requires significant technological expertise and capital investments for research and development.
Bargaining power of buyers: The bargaining power of buyers is high as there are multiple manufacturers providing autonomous delivery robots. Buyers can negotiate on price and quality.
Bargaining power of suppliers: The bargaining power of suppliers is moderate as suppliers of specialized components like sensors and software are limited in number.
Threat of new substitutes: The threat of new substitutes is high as drones and self-driving trucks can provide similar delivery services.
Competitive rivalry: The competitive rivalry is intense with major players continuously innovating to gain market share.
SWOT Analysis
Strengths: Autonomous delivery robots offer contactless delivery and reduce delivery costs. They can navigate autonomously without human intervention.
Weaknesses: High upfront costs, regulatory restrictions in some cities, and technical challenges of navigation in unpredictable environments. Limited payload capacity.
Opportunities: Growing e-commerce industry, demand for last mile delivery, and potential for expanding applications in logistics, healthcare, and hospitality industries.
Threats: Stringent safety regulations, cybersecurity issues, and adoption barriers due to reluctance to use robots. Challenges of operating robots in densely populated areas.
Key Takeaways
The Global Autonomous Delivery Robots Market Demand is expected to witness high growth, exhibiting CAGR of 43.% over the forecast period, due to increasing demand for contactless deliveries during the COVID-19 pandemic.
Regional analysis – North America dominates the autonomous delivery robots market currently due to large investments by key players in the region. However, Asia Pacific is expected to grow at the fastest rate due to rising e-commerce sales and initiatives by governments in countries like China, Singapore, and India to develop infrastructure for autonomous delivery vehicles.
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 has the largest market share due to its partnerships with major food chains for autonomous food delivery services in various cities in the US and Europe. Nuro also has a significant market share for autonomous grocery delivery vehicles.
Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
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