With 34.9% CAGR, Autonomous Delivery Robots Market Size & Share to Hit USD 2,111.3 Million by 2029: Polaris Market Research
The global autonomous delivery robots market size is expected to reach USD 2,111.3 million by 2029 according to a new study by Polaris Market Research.
Major factors driving the growth of the ADRs include the development of self-driving delivery robots and their benefits, the rapid adoption of robotics delivery by major players, and the adoption of the industry in grocery retail sectors. These are not only self-driving but also extremely intelligent, capable of navigating public sidewalks safely and detecting impending obstacles. From Starship Technologies to Segway Robotics, several local robotics companies are taking on risky distribution missions, but they’re not alone. Amazon and Postmates, two of the most well-known supply services, have also taken on the robotics challenge.
Besides, the grocery retail sector will endure the growing trend due to the efforts to provide enhanced customer convenience and sectoral consolidation through alternative grocery outlets (such as e-retail) and payment methods. Some examples of automated deployment in retail stores include Simbe Robotics “Tally” shelf-scanning bots installed at 12 Carrefour franchisee stores to assist with stock management.
Based on the type, the fully automated bot segment accounted for the leading share in the market in 2021. The segment had the biggest market share and are expected to increase over the forecast period. Fully automated delivery bots that do not require human interaction during distribution. Although the industry acceptance rate is currently low, it is projected that ADRs will develop rapidly in the future.
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Top Market Players
Market players such as Robby Technologies, Boston Dynamics, Eliport, Starship Technologies, JD.com, Amazon Robotics, Panasonic System Solutions Asia Pacific, Robomart, Savioke, and Nuro are some key players operating in the global industry. In June 2021, FedEx Corporation and Nuro LLC signed a multi-year partnership for using Nuro’s autonomous vehicle under FedEx’s operations. This marks the company’s entry into delivering logistics and allows FedEx to investigate application cases, such as multi-stop and appointment-based deliveries. Thus, the collaborations among players are boosting the industry’s growth.
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Polaris Market Research has segmented the autonomous delivery robots market report based on product, component, end-use, and region:
Autonomous Delivery Robots, Product Outlook (Revenue – USD Million, 2017 – 2029)
- Fully Autonomous
Autonomous Delivery Robots, Component Outlook (Revenue – USD Million, 2017 – 2029)
Autonomous Delivery Robots, End-Use Outlook (Revenue – USD Million, 2017 – 2029)
- Food & Beverages
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