Thursday, 25 July 2019

Delivery Robots Market: Geography, Key Players and Recent Developments - Global Forecast 2024

According to the new market research report "Delivery Robots Market by Load Carrying Capacity (Up to 10, 10.01-50.00, and More than 50 kg), Component (LiDAR Sensors, Control Systems), Number of Wheels (3, 4, and 6), End-User Industry (Food & Beverages, Retail), and Geography - Global Forecast 2024", The delivery robots market is projected to grow from USD 11.9 million in 2018 to USD 34.0 million by 2024, at a CAGR of 19.15% during the forecast period. Autonomous delivery robots are mainly useful for food & beverages, retail, hospitality, and healthcare industries. Owing to this, the companies emerging delivery robots have been receiving funding from venture firms. Another driver for the delivery robots market includes the reduction in last-mile delivery costs.

The market in APAC is projected to grow at a significant rate during 2018–2024

APAC countries such as Australia and Japan are currently involved in testing delivery robots. By the end of Q2 of 2019, these countries are projected to commercialize delivery robots developed by them. The growth of the market in APAC is likely to be propelled by the growing awareness about the potential of delivery robots to provide delivery services with high efficiency and at a condensed cost. Apart from this, the existence of- e-commerce giants, such as Amazon, Walmart, and Alibaba, in the area provides a growth opportunity for the players in the delivery robots market in APAC. Further, with the increased demand and reduced prices of major components such as LiDAR sensors and motors, the market for delivery robots has a promising future in this region.

Key Market Players

A few main companies in the delivery robots market are 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), Eliport (Spain), Dispatch (US), Piaggio Fast Forward (US), Marble (US), TeleRetail (Switzerland), BoxBot (US), and Kiwi Campus (US). Apart from these, players such as House of Battery (US) and Ultralife Corporation (US) supply batteries to key autonomous robot manufacturers, and companies such as Fastree (Switzerland) and Quanergy (US) are the suppliers of light detection and ranging (LiDAR) sensors.

Starship Technologies offers self-driving delivery robots that advance the local distribution of goods and groceries. The company’s vision of zero cost, zero waiting time, and the least adverse impact on the environment have redefined the local delivery chain. The company believes that robots can complete local deliveries within 5–30 minutes from a local hub or retail outlet and with 10–15 times less than the cost of current last-mile delivery alternatives. Robots are overseen by human operators, along with their property to drive autonomously, to ensure safety. The robots developed by the company have covered more than 100,000 miles in more than 100 cities of 20 countries in the world, encountering 15 million people along the way. In June 2018, the company raised the seed capital of USD 25 million, which is likely to be invested in deploying more number of robots in neighborhoods, as well as corporate and university campuses in the US and Europe.

Recent Developments

  • In November 2018, Nuro declared the overview of R1, an unmanned self-driving vehicle, into the delivery robots market. However the process has been gradual, R1 would be all ready for the concluding testing phase on the streets of Scottsdale.

  • In June 2018, JD.com collaborated with Google (US) for starting various strategic programs, including joint development of retail solutions in several regions around the world, including Southeast Asia, the US, and Europe.

  • In April 2018, Starship Technologies partnered with Compass Group (UK) on Intuit Inc.’s (US) Mountain View campus to provide robotic delivery. With this, the company aims to expand its services and distribute thousands of robots across several campuses in the world by 2019.
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