Global Automatic Delivery Vehicle Market Size To Exceed USD 9.90 Billion By 2033 | CAGR Of 12.46%
Category: Automotive & TransportationGlobal Automatic Delivery Vehicle Market Size To Exceed USD 9.90 Billion By 2033
According to a research report published by Spherical Insights & Consulting, The Global Automatic Delivery Vehicle Market Size is expected to Grow from USD 3.06 Billion in 2023 to USD 9.90 Billion by 2033, at a CAGR of 12.46% during the forecast period 2023-2033.
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Browse key industry insights spread across 210 pages with 100 Market data tables and figures & charts from the report on the “Global Automatic Delivery Vehicle Market Size, Share, and COVID-19 Impact Analysis By Vehicle Type (Ground Delivery Vehicles, Aerial Delivery Drones, and Autonomous Delivery Robots), By Application (Retail, Food and Beverage, Healthcare, Logistics, and Others), By Component (Hardware, Software, and Services), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.” Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/automatic-delivery-vehicle-market
The automatic delivery vehicle market refers to an autonomous vehicle designed particularly to deliver products with the help of sophisticated technologies such as artificial intelligence, cameras, and sensors. It runs without a driver and is widely utilized in industries such as e-commerce, food establishments, and logistics to improve delivery efficiency and cut down operational expenses. Automatic delivery vans are being more utilized for last-mile delivery in the growing e-commerce industry. Autonomous vans are popular alternatives with a greater emphasis placed on creating successful & low-cost methods of getting things directly delivered to consumers' doorsteps. Furthermore, increasing urban mobility opportunities like public transit systems and micro-mobility solutions incorporate autonomous delivery cars. The self-driving vans have the capability of making the efficiency of the urban transportation networks higher by shared utilization of the same resources & infrastructure. Moreover, support in the form of investments and regulation from governments and private sector players is also contributing heavily towards the growth of the market. Numerous governments are coming up with policies to support the creation and implementation of autonomous delivery technologies. However, the likelihood of cybersecurity attacks. Since these cars are so software-dependent and internet-connected, they are susceptible to hacking and other cyberattacks. Having good cybersecurity features in place is paramount to minimize this risk and safeguard the cars and the information that they gather.
The ground delivery vehicles accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on vehicle type, the automatic delivery vehicle market is segmented into ground delivery vehicles, aerial delivery drones, and autonomous delivery robots. Among these, the ground delivery vehicles segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The growth is driven by reduced delivery time, enhanced route planning, and providing cost-effective & efficient last-mile delivery solutions. AGVs are an appropriate solution.
The logistics segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on application, the global automatic delivery vehicle market is divided into retail, food and beverage, healthcare, logistics, and others. Among these, the logistics segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The segmental growth is due to the increasing demand for cost-effective and efficient last-mile delivery solutions. Additionally, logistics companies are turning to autonomous vehicles, prompted by the fast growth of e-commerce and parcel volume growth.
The hardware segment held the largest share of the market in 2023 and is projected to grow at a substantial CAGR during the forecast period.
Based on component, the global automatic delivery vehicle market is categorized into hardware, software, and services. Among these, the hardware segment held the largest share of the market in 2023 and is projected to grow at a substantial CAGR during the forecast period. The growth is attributed to the critical physical elements of sensors, cameras, LiDAR, GPS modules, and bodies of vehicles, all of which are required for autonomous delivery system operation and safety.
North America is expected to hold the majority share of the global automatic delivery vehicle market during the forecast period.
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North America is expected to hold the majority share of the global automatic delivery vehicle market during the forecast period. North America dominates the rising awareness of the potential benefits of this technology. Moreover, adopting transparent rules could reassure companies and investors, subsequently triggering investments and innovations in the market for autonomous delivery vehicles.
Asia-Pacific is anticipated to grow at the fastest pace in the global automatic delivery vehicle market during the forecast period. The market is driven by the rise in online purchasing has created more demand for reliable & efficient delivery services within Asia Pacific, increasing the uptake of autonomous delivery trucks in logistics.
Major vendors in the global automatic delivery vehicle market are Amazon, Alibaba, JD.com, Nuro, Udelv, Marble, FedEx, UPS, DHL, Ford, Toyota, Hyundai, Honda, Tesla, Waymo, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In July 2022, Amazon and Rivian announced that they'll be delivering thousands of custom electric delivery vans to 100 American cities by this time next year.
Market Segment
This study forecasts revenue at the global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the automatic delivery vehicle market based on the below-mentioned segments:
Global Automatic Delivery Vehicle Market, By Vehicle Type
- Ground Delivery Vehicles
- Aerial Delivery Drones
- Autonomous Delivery Robots
Global Automatic Delivery Vehicle Market, By Application
- Retail
- Food and Beverage
- Healthcare
- Logistics
- Others
Global Automatic Delivery Vehicle Market, By Component
- Hardware
- Software
- Services
Global Automatic Delivery Vehicle Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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