Overview:

The global autonomous delivery vehicle market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Autonomous delivery vehicles are the aerial vehicles used for autonomous package delivery. These drones are used to transport packages from retailers to end customer or supplier.

The autonomous delivery follows delivery of product or service to the door of the customer without any human participation throughout the process. It is also able to ensure that the product is delivered to the customer within the specified time and condition.

Market Dynamics:

In the past few months, the COVID-19 pandemic has resulted in global supply chain disruptions in various sectors including retail, medical, construction, and industrial manufacturing. The main issue was about manual labors, which were unable to perform during Covid-19 pandemic. After this unprecedented situation, automated delivery tools will have more and more opportunities to meet delivery needs and reduce the labor dependence for product delivery.

In addition, technological advancements and rising demand for faster delivery of packages is expected to further fuel growth of the global market. However, lack of required infrastructure to cater the autonomous package delivery using autonomous delivery vehicle may hamper target market growth to a certain extent.

Key Trends:

Rising focus on strategic partnerships and tie-ups for product delivery and service penetration is a key trend witnessed in the global market. For instance, in May 2020, Zipline – a UAV delivery startup in entered in partnership with Novant Health for delivery of personal protective gear and medical equipment in North Carolina.

In addition, in April 2019, the Zipline has started medical supplies in Ghana by using drone under UAV medical program with the support of Ghanaian government.

Regional Analysis:

For detailed understanding of market dynamics, the global autonomous delivery vehicle market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America is accounted for the major market share in 2019, owing to presence of technologically advanced autonomous delivery vehicle and availability of required infrastructure.

However, the market in Asia Pacific is expected to register significant CAGR during the forecast period, owing to growing E-commerce industry and rising demand for home delivery services in countries in the region.

Scope of the Report:

Detailed Segmentation:

Global Autonomous Delivery Vehicle Market, By Product Type:

• Aerial Delivery Drones
• Ground Delivery Vehicles
• Self-driving Trucks & Vans

Global Autonomous Delivery Vehicle Market, By Range:

• Short Range (<20 km)
• Long Range (>20 km)

Global Autonomous Delivery Vehicle Market, By End Use Industry:

• Logistics
• Healthcare & Pharmaceuticals
• Food & Beverages
• Others

Key Players Covered:

Key players operating in the global autonomous delivery vehicle market includes, Matternet Inc., Starship Technologies, Airbus SE, Flirtey Company, Flytrex, Drone Delivery Canada Corp., Marble Robot, Savioke, Skycart, and Nuro.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global Autonomous Delivery Vehicle Market by product type, range, end use industry, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global autonomous delivery vehicle market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.