Market Overview:
Autonomous delivery robots are autonomous ground vehicles capable of transporting food, packages, and other goods without human involvement. They utilize technologies such as GPS, cameras, sensors, and navigation systems to map their surroundings and navigate without human help. These robots help in eliminating delivery inefficiencies, reduces costs for retailers and restaurants, and provides 24/7 access to deliveries for customers. They can operate round-the-clock in both indoor and outdoor environments.
Market key trends:
One of the major trends in the autonomous delivery robots market is the growing demand for contactless delivery. During the COVID-19 pandemic, there is an increased demand for contactless delivery of food and packages. Autonomous delivery robots help fulfill this demand by allowing deliveries without any human contact. Another key trend is the growing focus on the last-mile delivery solution. E-commerce retailers and food chains are increasingly adopting autonomous delivery robots as they provide an efficient last-mile delivery solution. These robots also help in reducing traffic congestion and carbon footprint, which is promoting their adoption. Ongoing technological advancements in navigation, artificial intelligence, computer vision are also fueling the growth of autonomous delivery robots market.
The global Autonomous Delivery Robots Market Size is estimated to be valued at US$ 1.07 Mn in 2023 and is expected to exhibit a CAGR of 43.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Porter’s Analysis
Threat of new entrants: The threat is moderate as large capital is required for R&D of new autonomous delivery robots. However, increasing demand is making the market attractive for new players.
Bargaining power of suppliers: The bargaining power of suppliers is low as key components used in robots such as sensors, motors, batteries etc are available from multiple suppliers globally.
Bargaining power of buyers: The bargaining power of buyers is high due to presence of multiple vendors providing delivery robots. Buyers can negotiate on price and delivery terms.
Threat of new substitutes: Threat from new substitutes is moderate as autonomous mobile robots and drones can also be used for delivery purposes. However, delivery robots have better operational capabilities.
Competitive rivalry: The competitive rivalry is high among major players due to their continuous efforts in developing advanced features and contract wins from logistics companies.
Key Takeaways
The global Autonomous Delivery Robots market is expected to witness high growth, exhibiting CAGR of 43% over the forecast period, due to increasing demand for contactless delivery during the COVID pandemic.
Regional analysis: North America dominates the market currently due to high adoption. Asia Pacific is expected to witness fastest growth in coming years led by China, India and Japan. These countries are investing heavily in autonomous technologies.
Key players: Major players operating in the 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 leads the market with largest fleet of delivery robots.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it