Global Autonomous Delivery Vehicles Market Size to Reach USD 151.01 Billion in 2032 | Emergen Research
The advancement in technology in autonomous vehicles and supportive government regulations are among the significant factors influencing the Autonomous Delivery Vehicles Market growth
Vancouver, Nov. 15, 2023 (GLOBE NEWSWIRE) — The global Autonomous Delivery Vehicles market is forecasted to be worth USD 151.01 Billion by 2032, according to a current analysis by Emergen Research. The growing demand for quicker delivery along with advancement in technology will impact the market positively. The rise in the e-commerce sector and rapidly changing consumer lifestyle will drive the market demand.
Autonomous delivery vehicles are a crucial emerging technology in the restaurant & food chains and 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.
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The commercialization of autonomous vehicles is propelling due to the imposition of quarantine and lock-down for an extended period. Consumers are rapidly purchasing autonomous delivery vehicles to lower the risk of getting infected by the COVID-19. The situation is boosting the emergence of technology in the market.
Autonomous delivery vehicles provide service to customers to their doorstep without any intervention from any human in the entire process. It ensures that the package is delivered within a stipulated time without hampering 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.
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|The market size value in 2019||USD 1.34 Billion|
|CAGR (2023 – 2032)||43.6%|
|The revenue forecast in 2032||USD 151.01 Billion|
|Base year for estimation||2022|
|Forecast period||2023 – 2032|
|Quantitative units||Volume in Tons, Revenue in USD Thousand, and CAGR from 2023 to 2032|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Segments covered||Type, Component, Application, Region.|
|Regional scope||North America; Europe; Asia Pacific; Central & South America; MEA.|
|Country scope||U.S.; Canada; Mexico; U.K.; Germany; France; Italy; Spain; China; India; Japan; South Korea; Brazil; Saudi Arabia; South Africa; Turkey.|
|Key companies profiled||Starship, Amazon, FedEx, Postmates Serve, Nuro, Alphabet Wing, UPS Flight Forward, Aurora, Matternet, and Zipline.|
|Customization scope||10 hrs of free customization and expert consultation|
MAJOR COMPANIES and Market Share Analysis
The market for Autonomous Delivery Vehicles is fairly consolidated, with few small as well as medium-sized manufacturers, which account for a major global share of the market. The manufacturers involved in the market are desegregated across the value chain. The key companies of the market are well-equipped with large manufacturing facilities and are also engaged in various research & development activities. Some of the prominent players in the Autonomous Delivery Vehicles industry include:
- Postmates Serve
- Alphabet Wing
- UPS Flight Forward
In October 2020, Target Arm and BIB Tech partnered to launch a drone 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.
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Some Key Highlights from the Report
- Rising demand for commercial aerial delivery drones in various industry verticals, including agriculture, is a primary driver for market growth. The manufacturers are focusing on the development of advanced aerial delivery drones with the built-in ability 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. The benefits of home delivery mean that the restaurant services are not limited to the number of tables available, and drastically increased the target customers for the restaurant.
- 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
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Emergen Research has segmented into the global Autonomous Delivery Vehicles Market on the type, component, application, and region:
- Type Outlook (Revenue, USD Billion; 2019-2032)
- Aerial Delivery Drones
- Ground Delivery Vehicles
- Delivery Bots
- Self-driving Vans and Trucks
- Component Outlook (Revenue, USD Billion; 2019-2032)
- Application Outlook (Revenue, USD Billion; 2019-2032)
- Regional Outlook (Revenue, USD Billion; 2019-2032)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Saudi Arabia
- Rest of MEA
- North America
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