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January 2024
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The global Autonomous Delivery Robots Market 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.
Market Overview: Autonomous delivery robots are unmanned ground vehicles used for delivering goods without any human involvement. These robots use technologies such as cameras, LiDAR, RADAR, and navigation systems to sense their surroundings and navigate to destinations autonomously. They are primarily used for delivering food, goods, and packages within hospitals, offices, campuses, and residential areas. The growing demand for contactless deliveries during the Covid-19 pandemic has further accelerated the adoption of autonomous delivery robots. Market Dynamics: The autonomous delivery robots market is primarily driven by the growing demand for faster deliveries and cost-savings for delivery companies. Autonomous delivery robots offer operational efficiencies and reduced delivery time which is driving their increased adoption by delivery service providers. Furthermore, rising labor costs and shortage of delivery staff are compelling companies to adopt labor-free delivery options like autonomous robots. Additionally, increasing investments by major technology companies in self-driving technologies will also contribute to the growth of this market. Some key players are focusing on developing autonomous robots that can carry heavier loads and operate in all weather conditions which will help expand the scope of delivery applications further. Segment Analysis The autonomous delivery robots market can be segmented into indoor and outdoor delivery robots. The indoor delivery robots segment currently dominates the market, owing to high demand from healthcare and hospitality sectors. Indoor delivery robots are majorly used for food and medicine delivery within hospitals, hotels, restaurants, and other commercial spaces. These robots can efficiently navigate inside buildings and deliver items without human assistance. PEST Analysis Political: Regulations around use of autonomous robots on public roads are still evolving. Favorable policies can boost market growth, while restrictions may hamper adoption. Economic: Rising labor costs are encouraging various industries to implement cost-effective autonomous delivery solutions. Market is expected to grow substantially with growing online orders and need for contactless delivery. Social: Younger demographics are more comfortable with new technologies. However, security and privacy concerns need to be addressed to gain widespread public acceptance. Technological: Advancements in navigation, AI, collision avoidance systems and 5G networks will enhance delivery capabilities of robots. Partnerships between tech and delivery firms are increasing innovation. Key Takeaways The Global Autonomous Delivery Robots Market Demand is expected to witness high growth, exhibiting 43% CAGR over the forecast period, due to increasing demand for contactless delivery amid COVID-19 pandemic. The market size for 2023 is estimated at US$ 1.07 Mn. North America currently dominates the market due to rapid technology adoption and strong presence of key players. Europe and Asia Pacific are projected to witness fastest growth over the coming years led by growing e-commerce industry, increasing investments to develop infrastructure for autonomous vehicles, and supportive government initiatives for advancing technologies. 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. Major players are focusing on strategic partnerships and collaboration for autonomous delivery pilot programs with retailers and restaurants to expand their presence. Get more insights on this topic: https://www.dailyprbulletin.com/autonomous-delivery-robots-market-market-size-and-share-analysis/
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