The primary driving demand is from the e-commerce and the healthcare sector. The growing trend for online shopping and the imposition of lockdowns at several places have limited human contact and led people to shop online for their domestic needs. An increasing requirement for safer industry standards in the workplace and a rise in productivity owing to improved supply chain processes have also propelled the market demand.

The global Autonomous Delivery Vehicles market is forecasted to be worth USD 24.73 Billion by 2027, according to a current analysis by Emergen Research. The market for autonomous delivery vehicles is growing due to favorable initiatives and regulations all over the world for autonomous technology.

However, certain factors limiting the market are the high initial cost for the deployment of these vehicles, which leads to high ROI (return on investment). The low cost of labor in developing nations and technical challenges in real-time will provide lucrative opportunities for the autonomous delivery vehicles market. Players in the market are collaborating amongst themselves for the development of driverless delivery vehicles. Moreover, the rise in emphasis on research and development for the growth of this technology will also fuel the market demand.

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Key Highlights From The Report

In November 2020, Walmart will launch an autonomous test with Cruise in Arizona. The company will launch the service in Scottsdale next year in partnership with Cruise, which is majorly owned by General Motors. The customers will be able to place their orders at a local Walmart store and have them delivered.

The autonomous ground vehicles have the potential for fewer regulations and wider travel ranges. Large ground delivery vehicles are capable of delivering refrigerated products, such as groceries or maintenance items, furniture, tools used in construction industries.

Autonomous vehicles are being tested for the healthcare segment around the globe. It is used as a tool that is complementary to the existing transportation system providing advantages over other approaches in specific circumstances. These autonomous vehicles can deliver medicines and supplies to patient’s in-home or hospital-based settings. Blood samples are also delivered to a lab by drones.

Europe held a significant share of 24.3% in the year 2019 as the United Kingdom government is focused on having autonomous vehicles on the road by the year 2021, which will drive the demand for market technology. Furthermore, investment in the latest technology by Germany will also drive demand in the coming years.

Key participants include Starship, Amazon, FedEx, Postmates Serve, Nuro, Alphabet Wing, UPS Flight Forward, Aurora, Matternet, and Zipline, among others.

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