In a new report, Omdia forecasts the overall delivery robot market will grow from $121.0 million in 2019 to $2.2 billion by 2025. The outlook for delivery robots, delivery drones, and autonomous delivery vehicles will be driven by robust demand from e-commerce fulfillment, food & beverage sales, and logistics.
The COVID-19 pandemic is expected to spur the development of favorable regulations and technologies and attract more investment to this industry.
Delivery of items by autonomous robots and drones is on the verge of breaking out as soon as the hardware is fully developed and regulations and traffic management systems are in place to allow the safe and reliable transport of goods with these technologies. Intensive R&D efforts by leading players are moving the industry forward through innovation and competition, the market research firm said.