The Delivery Robots Market Report Share is estimated to be USD 212 million in 2021 and expected to reach USD 957 million by 2026, at a CAGR of 35.1% from 2021 to 2026.
Reduction in delivery costs in last-mile deliveries, and Increase in venture funding are the key factors driving the growth of the Delivery Robots Market. Further, Worldwide growth of e-commerce market are factors propelling the growth of the Delivery Robots Market.
Worldwide Growth of E-Commerce Market
There are numerous giant online retailers in the global market, along with the emerging ones. Even some giant offline retailers are going online because people all over the world have started preferring online shopping owing to the huge discount and smooth delivery at their doorstep. Hence, the e-commerce platform is expected to grow at a high rate. The global retail e-commerce sales are estimated to be worth USD 4.5 trillion by 2021. The year 2017 witnessed a 24.8% increase in retail e-commerce sales across the world over the year 2016. The booming e-commerce industry is also beneficial for the Delivery Robots Market Growth. In the online retail market, shipping is one of the key differentiators for e-commerce companies.
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Top Key Players in Delivery Robots Market:
Starship Technologies (US),
JD.com (China),
Panasonic System Solutions Asia Pacific (Singapore),
Savioke (US),
Nuro (US),
Amazon Robotics (US),
Robby Technologies (US),
Boston Dynamics (US),
Robomart (US), and
Eliport (Spain).
What are the emerging technologies used in drone deliveries
The Delivery Robots Market is expected to grow rapidly in the coming years as technological advancements allow for faster and more efficient deliveries.
One emerging technology that is being used in drone deliveries is autonomous navigation. This technology allows the drones to navigate their way to their destination without any assistance from humans. This makes the delivery process faster and more efficient, as there is no need for human error or interruption.
Other technologies used in delivery robot deliveries include robotics, artificial intelligence, and machine learning. Robotics helps to build the robots with precision, ensuring they are sturdy and able to handle difficult terrains. Artificial intelligence allows the robots to learn from their surroundings and make decisions on their own. Machine learning provides the robots with the ability to autonomously improve over time. Combined, these technologies will help drive down costs and increase efficiency in the Delivery Robots Market.
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Market adoption of delivery
This is due to a number of reasons, including increasing global demand for e-commerce, growing urbanization and the increasing number of young professionals who are seeking convenient and affordable delivery options.
One of the key players in this market is Amazon, which has invested heavily in the development of delivery robots. Amazon has deployed more than 10,000 delivery robots across 22 cities in the United States. The company is also investing heavily in drone technology, and plans to deploy 30,000 drones by 2020. This will provide it with a solution for logistics challenges such as tight space constraints and high traffic volumes.
These companies are striving to provide customers with an extensive range of delivery options, including both robot-based and human-based deliveries. They are also developing self-driving technology, which could make robot-based deliveries even more popular in the future.
News Covered:
https://www.prnewswire.com/news-releases/delivery-robots-market-worth-957-million-by-2026--exclusive-report-by-marketsandmarkets-301264051.html
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