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Autonomous Delivery Vehicles Market Trends

Report ID: GMI9409
Published Date: May 2024
Report Format: PDF

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Autonomous Delivery Vehicles Market Trends

Businesses are starting to implement pilot programs to test autonomous delivery trucks in practical settings. Before expanding operations, these initiatives enable businesses to obtain important data, improve technology, and gauge customer acceptability. For instance, in September 2022, Uber partnered with Nuro to deliver autonomous delivery vehicles for Uber Eats consumers.

Autonomous delivery trucks are being increasingly used for last-mile delivery in the expanding e-commerce sector. These vehicles are appealing alternatives due to the increased focus on developing effective & affordable ways to deliver items straight to consumers' doorsteps. Broader urban mobility options, such as micro-mobility services and public transportation networks, include autonomous delivery vehicles. These vehicles can improve the efficiency of urban transportation systems by utilizing common resources and infrastructure.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of autonomous delivery vehicles reached USD 1.2 billion in 2023 and is set to witness 25% CAGR between 2024 and 2032, led by the growing e-commerce industry across the globe.

The AGVs segment held over 90% share in 2023 and is expected to reach USD 10 billion by 2032, as AGVs cut down on delivery times, improve route planning, and offer economical & effective last-mile delivery options.

North America market held a share of over 40% in 2023, owing the creation of frameworks and rules to promote the use of autonomous vehicles due to increased awareness of the potential advantages of this technology.

Argo AI (Invested in by Ford and Volkswagen), Cruise, Einride, Gatik, Nuro, Oxbotica, Starship Technologies, Tesla, Waymo, and Yandex, among others.