Autonomous Delivery Vehicle Market, By Product Type (Aerial Delivery Drones, Ground Delivery Bots, and Self-driving Delivery Vans & Trucks), By Application (Logistics, Healthcare & Pharmacy, Retail, Food Delivery, and Other Applications), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2029

Autonomous delivery vehicles are used to delivers a variety of goods to consumer’s doorsteps in the system of courier, parcel, and express companies by the means of autonomous vehicles without interpreting human deployment. Autonomous vehicles in service are used by retailers, grocers, and numerous other businesses to fill gaps in the supply chain. This method guarantees the delivery of products to the customer, reliably, and safely within a specified time frame or period. The Autonomous delivery vehicle market accounted for US$ 68.7 billion in 2019 and is estimated to be US$ 196.2 billion by 2029 and is anticipated to register a CAGR of 12.7%.

Impact of Covid-19 pandemic on market

The spread of coronavirus infection in countries worldwide has unexpectedly and rapidly increased from the first report of the outbreak in Wuhan, China, in December 2019. The automotive & transportation industry is amongst the most affected sector to the ongoing COVID-19 outbreak. COVID-19 is projected to have a substantial impact on the product demand and supply chain in the automotive sector. The demand for commercial vehicles is anticipated to drop with the shutdown of all non-essential services. Additionally, changes in consumer buying behavior due to uncertainty surrounding the pandemic may have serious implications on the growth of the industry in the near future. The report will account for Covid19 as a key market contributor.

The exponential outbreak of Novel Coronavirus or COVID-19

The outbreak of the novel coronavirus or COVID-19 has led to the growing demand for autonomous delivery vehicles to fill gaps in the supply chain. The ongoing Coronavirus pandemic has caused sudden and unprecedented financial damage to economies of both, established and emerging countries. Till now, autonomous delivery vehicles were in the developmental stage and has been in deployment for last-mile delivery services. In March 2020, Neelix Technologies - a self-driving delivery vehicle producer in China – has been working overtime in order to manufacture more autonomous delivery vans which can be used on the empty roads in China during the quarantine. Chinese companies, involving leading online retailers Alibaba and JD.com, have ordered about 200 of the tiny robotic vehicles.

Technological advancement

Investments in the IT sector and technological advancements have resulted in the creation of huge potential growth opportunities for existing as well as new entrants and leading players operating in the autonomous delivery vehicle market. End-users, as well as manufacturers operating in the target market, can influence revenue growth opportunities by increasing sales through e-commerce channels to meet the needs of customers across the world over the forecast period.

Conversely, lack of infrastructure required for the operation of autonomous delivery services in emerging countries and high cost of products are among some of the major factors that might limit demand for autonomous delivery systems and services, and hamper the growth of the target market.

Autonomous delivery vehicle market is segmented based on product type, application, and region.

On the basis of product type, the autonomous delivery vehicle market is segmented into aerial delivery drones, ground delivery bots, and self-driving delivery vans & trucks. On the basis of the applications, the target market is segmented into logistics, healthcare & pharmacy, retail, food delivery, and other applications.

 Regional Insights:

In the region, the autonomous delivery vehicle market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America and Europe are expected to register maximum share in the regional economy. The U.S, U.K, and Germany will lead to significant growth in the coming years owing to technological advancement and huge E-commerce sectors. Further, the need for the adoption of new and advanced technology coupled with the presence of major key manufactures will drive the global market growth over the forecast period. Asia Pacific accounts for the highest share of the global market in 2018 and will grow at the highest CAGR over the forecast years. China is expected to drive the global market in the coming years owing to the growing demand for safe delivery, accurate delivery, and high investment in this technology.

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029.  For the purpose of this study, has segmented the autonomous delivery vehicle market report based on product type, application, and region.

Autonomous Delivery Vehicle Market, By Product Type:

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

 Autonomous Delivery Vehicle Market, By Application:

• Logistics
• Healthcare & Pharmacy
• Retail
• Food Delivery
• Other Applications

 Autonomous Delivery Vehicle Market, By Region:

• North America
  • Middle East & Africa
    • • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Europe
    • • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • • U.S.
    • Canada

The key players operating in the autonomous delivery vehicle market include Matternet Inc., Airbus SE, Flytrex, Savioke, Nuro, Starship Technologies, Flirtey Company, Drone Delivery Canada Corp., Marble Robot, and Skycart. Manufactures involved in the autonomous delivery vehicle market are undergoing a rise in strategic partnerships among automobile companies and technology providers to develop autonomous driving and delivery technology. For instance, in March 2020, Hyundai Motor Group - a South Korea based automobile manufacturer, entered into a joint venture partnership with Aptiv, a U.S. based autonomous mobility technology provider, to develop autonomous driving technology.

• Matternet Inc.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

• Mylan N.V.
• Wallace Pharmaceuticals Ltd.
• Sanofi S.A.
• Teva Pharmaceutical Industries Ltd.
• Bayer AG
• Zydus Cadila Ltd.
• Ipca Laboratories Ltd.
• Cipla Limited
• Lupin Limited

 “*” marked represents similar segmentation in other categories in the respective section