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| Autonomous Delivery Robots Market |
The autonomous delivery robots
market has seen tremendous growth in recent years owing to the rising demand
for contactless deliveries during the pandemic. Autonomous delivery robots are
equipped with advanced navigation systems and sensory capabilities to transport
goods automatically from one destination to another. They offer safer, more
efficient delivery operations without human intervention by utilizing
technologies such as AI, IoT, and machine learning.
The
Global Autonomous Delivery Robots Market is estimated to be valued at US$ 1.24
Mn in 2024 and is expected to exhibit a CAGR of 7.1% over the forecast period
2024 to 2031.
Key Takeaways
Key players operating in the autonomous delivery robots market are Tesco
Controls Inc., ABB Ltd., Mitsubishi Electric Corporation, Schneider Electric
SE, Allis Electric Co. Ltd., Siemens AG, Weg SA, Rockwell Automation Inc., and
Eaton Corporation PLC. These companies are focusing on developing advanced
autonomous delivery robots with improved navigation, safety, and payload
capabilities.
The growing demand for contactless deliveries amid the pandemic has boosted the
adoption of Autonomous
Delivery Robots Market Size across industries. They facilitate safer
last-mile delivery of food, pharmaceuticals, and other products without human
intervention. Various industries are deploying fleets of autonomous delivery
robots to enhance delivery efficiencies and meet the surge in online order
volumes.
The global autonomous delivery robots market is expanding rapidly with
companies focusing on international expansion strategies. Investments in
autonomous delivery robot technologies are increasing across regions such as
North America, Europe, Asia Pacific, and other developing markets.
Collaboration with local logistics companies, retailers, and municipalities is
helping various players establish global delivery networks using autonomous
delivery robot fleets.
Market key Trends
One of the key trends in the Autonomous
Delivery Robots Market Trends And Size is the integration of advanced
technologies such as 5G, AI, computer vision and IoT. 5G connectivity helps
enable real-time monitoring and remote operations of delivery robots. AI and
computer vision capabilities improve obstacle avoidance, navigation accuracy,
and decision making abilities. IoT sensors provide telemetry data on fleet
operations, payload management and deliver insights for performance
optimization. These technologies are helping autonomous delivery robots achieve
higher autonomy levels for complex last-mile delivery operations.
Porter’s Analysis
Threat of new entrants: New companies find it difficult to enter the market due
to high initial investment costs for R&D and robotics technologies.
Bargaining power of buyers: Individual consumers have low bargaining power due
to specialized nature of autonomous delivery robots but large buyers like
e-commerce giants can negotiate on price and demand customized solutions.
Bargaining power of suppliers: The market has few global component
manufacturers like robotics platforms and software suppliers thus they wield
significant influence over pricing and production decisions.
Threat of new substitutes: Emerging technologies like drones may act as
substitutes but regulations limit their usage thus substitutes pose limited
threat currently.
Competitive rivalry: The market is dominated by few global players leading to high
competition on product performance, customization and pricing with pressure to
innovate continuously to gain market share.
Geographical regions
North America currently holds the largest share of the autonomous delivery
robots market in terms of value owing to high demand from online retail and
food delivery sectors. E-commerce giants are actively deploying robots for last
mile deliveries.
The Asia Pacific region is expected to witness the fastest growth during the
forecast period due increased adoption across countries like China, Japan and
South Korea. Growing online purchase trends, demand for automation in logistics
and implementation of regulations to enable robot usage will drive market
expansion.
The United States accounts for the major share of the autonomous delivery
robots market in North America due to large scale pilots and commercial
rollouts by companies. Supportive regulations and advanced infrastructure
speeds up large scale adoption.
China has emerged as the fastest growing country in the Asia Pacific region
attributable to supportive policy initiatives, focus on supply chain automation
and presence of major global logistic players participating in pilots.
Increasing smartphone penetration and surge in online shopping further propels
the robot usage.
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Delivery Robots Market
About
Author:
Money Singh is a seasoned content
writer with over four years of experience in the market research sector. Her
expertise spans various industries, including food and beverages,
biotechnology, chemical and materials, defense and aerospace, consumer goods,
etc. (https://www.linkedin.com/in/money-singh-590844163)
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