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IN THE NEWSJuly 2021- Aethon announced its entry into the hospitality market by the launch of its new robot. The Pittsburgh based company expects to double its revenue by moving into hotels.
June 2020- Caterpillar signed an agreement to acquire Marble, a startup company that makes delivery robots, for expanding its work in autonomous mining vehicles.
Global Autonomous Delivery Robots Market Highlights Over 2022 - 2031
The global autonomous delivery robots market is estimated to garner a large amount of revenue by growing at a CAGR of ~49% over the forecast period, i.e., 2022 – 2031. The growth of the market can be attributed to the growing affordability and return on investment on a variety of infrastructure-light robots, and increasing requirement for efficient and flexible automated deliveries in manufacturing units globally. Along with these, continued growth in the e-commerce industry, and rising demand for faster and contactless deliveries among costumers, especially after COVID-19 outbreak, are also expected to drive market growth in the near future. In 2020, more than 2 billion people purchased goods online. Whereas, e-retail sales reached a value of more than USD 3 trillion worldwide. Furthermore, emergence of technologies such as computer vision, artificial intelligence, robotic mechanics and deep learning is also projected to offer ample growth opportunities to the market in the upcoming years.
The market is segmented by end user into healthcare, hospitality, retail & logistics, and others, out of which, the retail & logistics segment is anticipated to hold the largest share in the global autonomous delivery robots market. This can be accounted to the rising presence of e-commerce players and omnichannel retailers across the world, which are predicted to raise the demand for delivery robots for last mile delivery. Apart from these, escalating usage of autonomous delivery bots by enterprises to help increase the efficiency of their employees is also assessed to boost the growth of the market segment in the future. Additionally, on the basis of type, the fully autonomous robots segment is evaluated to acquire the largest share during the forecast period owing to the fact that these robots are able to perform delivery operations effectively without the intervention of humans. CLICK TO DOWNLOAD SAMPLE REPORT
Major Macro-Economic Indicators Impacting the Market Growth
The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.
Global Autonomous Delivery Robots Market Regional Synopsis
Regionally, the global autonomous delivery robots market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in Asia Pacific is estimated to witness noteworthy growth over the forecast period on the back of the increasing number of e-shoppers, and growing number of startups working on the development of autonomous delivery robots in the region. Southeast Asia region was evaluated to add about 60 million online shoppers since the beginning of the coronavirus pandemic. Also, the total number of online shoppers are estimated to reach more than 350 million by the end of 2026.
Moreover, the market in North America is expected to gather then largest share during the forecast period ascribing to the high penetration of delivery robots across several end-user industry verticals, such as hospitality and retail. In addition, rising number of manufacturers and top-end market vendors in the region is also projected to fuel the market growth in North America in the coming years.
The global autonomous delivery robots market is further classified on the basis of region as follows:
Market Segmentation
Our in-depth analysis of the global autonomous delivery robots market includes the following segments:
By Type
By Load Carrying Capacity
By End User
Growth Drivers
Challenges
Top Featured Companies Dominating the Market
FREQUENTLY ASKED QUESTIONS
The major factors driving market growth owing to the growing affordability and return on investment on infrastructure-light robots, and continued growth in the e-commerce industry.
The market is anticipated to attain a CAGR of ~49% over the forecast period, i.e., 2022-2031.
Asia Pacific will provide more business opportunities for market growth owing to the increasing number of e-shoppers, and growing number of startups working on the development of autonomous delivery robots in the region.
The major players in the market are Marble Robot Inc., Aethon Inc., Aitonomi AG, Nuro Inc., Boston Dynamics Inc., and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by type, load carrying capacity, end user, and by region.
The fully autonomous robots segment is anticipated to hold largest market size and is estimated grow at a robust CAGR over the forecast period and display significant growth opportunities.
Low awareness about the robots in emerging economies is estimated to hamper the market growth.
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