Delivery Robots Market to Grow to $1.8 Billion by 2028, According to New Study

Posted March 6, 2023 by avinashgogawale14

The Delivery Robots Market is anticipated to increase from USD 0.4 billion in 2023 to USD 1.8 billion by 2028, growing at a CAGR of 33.7%.
The Delivery Robots Market is anticipated to increase from USD 0.4 billion in 2023 to USD 1.8 billion by 2028, growing at a CAGR of 33.7%. Low-cost delivery robot adoption is a major factor in this increase because it has reduced prices and made the technology more affordable for businesses. As more businesses want to benefit from their effectiveness and cost-effectiveness, the market for delivery robots is therefore anticipated to keep expanding.

Several sectors, including industry, healthcare, and transportation, are using robots more and more. In addition to their traditional uses in surgery and assembly, robots are also employed for tasks like automobile driving and housework. This is a result of increased demand for automation and its benefits, as well as the first-mover advantage experienced by early adopters. Robots are anticipated to become more prevalent in many facets of contemporary life as technology develops.

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What are the emerging technologies used in drone deliveries

Emerging technologies are essential in making drone deliveries faster and more effective as the market for delivery robots keeps growing. Drones can get to their destinations without human assistance thanks to a crucial piece of technology called autonomous navigation, which also speeds up delivery times and lowers error rates. Moreover, robotics is being used to produce tougher, more durable robots that can withstand challenging terrains. Artificial intelligence and machine learning are also being used to help robots learn from their surroundings and improve their decision-making abilities over time. Drone deliveries will become a more attractive alternative for companies trying to simplify their operations as a result of these technologies, which are anticipated to lower costs and boost efficiency in the market for delivery robots.

Market adoption of delivery

Due to a number of causes, including the growth of e-commerce, urbanisation, and the demand for convenient and economical delivery choices, the usage of delivery robots is rising globally. With over 10,000 units installed across 22 US cities, Amazon, a market leader, has extensively invested in delivery robots. The company is also developing drone technologies to get around logistical difficulties including limited space and heavy traffic. In addition to broadening their selection of delivery alternatives to include both human-based and robot-based services, some businesses are also developing self-driving technologies. Delivery robots are anticipated to gain in popularity as the market expands, especially as new technologies are developed to enhance their effectiveness and performance.

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Competitive analysis of top players active in the market

The study highlights the key players that are working on developing and commercializing delivery robots across various segments.

Top Key Players in Delivery Robots Market:

Starship Technologies (US),
com (China),
Panasonic System Solutions Asia Pacific (Singapore),
Savioke (US), Nuro (US),
Amazon Robotics (US),
Robby Technologies (US), and…
The report is based on a review of the delivery robots ecosystem, opportunity assessment, and market landscape. It offers insights into the drivers and restraints for the growth of the delivery robots market. The report also covers Porter’s five forces analysis to understand the competitive landscape of the market.

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Last Updated March 6, 2023