Autonomous last mile delivery consists of autonomous vehicles to deliver the
product or service to customer’s entrance devoid of really involving any human
interference in the entire process. It ensures that the product is delivered
to the customer within a stipulated time period without hampering the dignity
and market image of the company. Increased use of internet along with the
expansion of the e-commerce industry is fuel the adoption of online shopping,
which in turn requires a better and efficient means to deliver the product to
the customer. Hence, diverse product delivery services have been adopted by
the companies such as the use of drones and ground delivery vehicles. This
part of the delivery process often comprises over half of the overall delivery
costs on the entire process.
As free shipping and excessive orders are being
placed more frequently, there’s been a need for a more high-tech and efficient
solution. In this scenario, autonomous last-mile delivery gains importance.
Expansion of transportation and automotive industries has propelled the
last-mile delivery, as it has made last-mile delivery easy, safe, and
convenient. The advantages of autonomous last mile delivery are timely
delivery, lower traffic congestion, and low cost of operation. Major
manufacturers of aerial delivery drones include Wing, Zipline, and Prime Air,
among others. The Global Autonomous Last-Mile Delivery market accounted for
$9.98 billion in 2018 and is expected to reach $45.27 billion by 2027 growing
at a CAGR of 18.3% during the forecast period.
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The trend for delivery of packages by means of drones and other autonomous
vehicles has increased due to rise in technological advancement along with
increase in demand for faster delivery of packages. Various companies
providing drone delivery services have made innovations and developments to
deliver packages to longer distances without human involvement, which further
boosts the growth of the last mile delivery market. Increasing focus on
advanced technologies and developments in robotics and drones has been
steadily resulting in reducing reliance on manual delivery or delivery
personnel for a range of applications and products. This is a major factor
expected to support growth of the global autonomous last mile delivery market
to a substantial extent. Moreover, technological advancements and investments
in the IT sector have resulted in creation of high potential growth
opportunities for new entrants as well as existing and major players operating
in the “global autonomous last mile delivery market”. Manufacturers as well as
end users operating in the global autonomous last mile delivery market can
leverage revenue growth opportunities by increasing sales through e-commerce
channels to cater to customers across the globe in the very near future.
Reliable demand for local delivery, groceries, food commodities, agricultural
goods, and small delivery is expected to offer significant opportunities to
key players in the last-mile delivery market. The future last mile offers
tremendous opportunity for existing and new service providers in the field. It
is also important to bear in mind the competitive landscape with at least
three groups of companies battling for predominance in the future last mile:
incumbents, e-commerce players, and highly dynamic start-ups disrupting the
marketplace.
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Autonomous last mile delivery market in North American region is expected
to have huge demand during the forecast period owing to the continuous
efforts being made in the US and Canada for the development of
next-generation drone and ground delivery vehicle technologies, robust
presence of prominent players in countries in the region as well as
increasing R&D for new product launches. The adoption of advanced
technology along with constant development in last mile delivery system in
North America is creating huge demand to invest in autonomous last mile
delivery market from the enormous players operating in this business across
the province. Moreover, increased adoption of aerial delivery drones in the
food, e-commerce, and logistics & transportation industries of countries
such as the US and Canada for delivering their products to customers.
Canadian startups have launched, signing up agents and drivers to serve as a
flexible contingent delivery service for consumer goods and retail
companies. Canadian consumer and retail companies must let go of traditional
delivery supply chains, connect to new and emerging delivery ecosystems, and
digitize the last-mile. That means investing in the technology needed to
enable a flexible digital supply network, one with an advanced
transportation management system (TMS) at the core.
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