Autonomous Delivery Robots Market Is Estimated To Witness High Growth Owing To Increase In Use Of Autonomous Robots

Autonomous Delivery Robots Market
Autonomous Delivery Robots Market
 

The Autonomous Delivery Robots Market is estimated to be valued at Us$ 0.52 Mn in 2022 and is expected to exhibit a CAGR Of 43.4% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights.


Market Overview:


Autonomous delivery robots are robots equipped with sensors, cameras, and software which helps them to navigate autonomously and deliver products to customers without any human supervision. Autonomous delivery robots help in reducing delivery time and costs associated with last mile deliveries. They are used for delivering food orders, retail packages, postal mails and medical supplies within communities, universities and corporate campuses.

Market key trends:


The growing e-commerce sector along with the need of quick and efficient delivery is increasing the use of autonomous delivery robots. The demand for contactless deliveries amid COVID-19 pandemic has further boosted the adoption of autonomous delivery robots. Major companies are investing in developing advanced autonomous delivery robots with increased load carrying capacity, navigation abilities and safety features to efficiently deliver orders within set timelines. For instance, Starship Technologies recently launched Starship Explorer autonomous delivery robots with greater capacity of carrying 50 lbs load in a single trip. The increasing investments by companies in research and development of autonomous robots is anticipated to propel the autonomous delivery robots market growth over the forecast period.


Market Dynamics:


The autonomous delivery robots market is driven by the increasing sales of e-commerce industry and growing demand for hassle-free deliveries. According to Insider Intelligence, in 2022 the US e-commerce market is expected to reach $1 trillion in sales. The growing preference for online shopping has increased the demand for delivery options that are cost-effective as well as reduce delivery time. Autonomous delivery robots can enable last mile deliveries in highly efficient manner without involving human resources, thus boosting the overall supply chain efficiency. Additionally, their ability to navigate without human intervention makes them suitable for contactless delivery amid the ongoing pandemic, thereby driving their adoption.

Read More : https://www.newswirestats.com/the-growing-adoption-of-autonomous-delivery-robots-to-drive-advancements-in-last-mile-delivery/

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