Autonomous Last Mile Delivery Market Size, Share, Growth Analysis, By Application (Retail, Food & Beverage), By Solution (Hardware, Services), By Range (Short Range, Long Range), By Region -Industry Forecast 2024-2031

Global Autonomous Last Mile Delivery Market size was valued at USD 19.84 Billion in 2022 poised to grow from USD 24.62 Billion in 2023 to USD 111.59 Billion by 2031, growing at a CAGR of 24.1% in the forecast period (2024-2031).

Autonomous last mile delivery is the process of utilizing self-driving vehicles to transport goods or services to customers' locations without any human interaction throughout the cycle. It ensures the timely delivery of the product to the customer who does not, in turn, negatively impact the reputation of the company nor its position in the marketplace. The growth of the e-commerce sector and rising internet usage encourage online purchasing, which in turn necessitates more effective ways to get the goods to the consumer. Companies have therefore embraced a variety of product delivery methods, including the use of drones and ground delivery trucks.

The global autonomous last-mile delivery market is growing as a result of increased innovations by the leading players in the market. For example, Scout, a delivery robot that Amazon has introduced, is about the size of a small cooler and can roll along sidewalks to carry products to customers' doorsteps. Amazon has been prompted by this to launch a novel idea in the field of autonomous last mile delivery services. The market is expected to increase as a result of numerous advancements made by leading players in the autonomous last mile delivery sector. The expansion of the global autonomous last mile delivery market is driven by factors like the growing need for quick product delivery and the advancements in delivery vehicle technology.