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Delivery Robots Market Forecasted to Hit $1.8 Billion by 2028

The Delivery Robots Market is projected to grow from USD 0.4 Billion in 2023 to USD 1.8 Billion by 2028; it is expected to grow at a CAGR of 33.7%

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Delivery Robots Market Forecasted to Hit $1.8 Billion by 2028

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  1. MarketsandMarkets Presents The Delivery Robots Market is projected to grow from USD 0.4 Billion in 2023 to USD 1.8 Billion by 2028; it is expected to grow at a CAGR of 33.7% during the forecast period. The markets growth is attributed to the increasing venture funding and decline in cost associated with last-mile deliveries. The growth of the e-commerce market worldwide is expected to create growth opportunities for the market.

  2. MarketsandMarkets Presents Load Bearing Capacity (>50 Kg) Robots to account for a larger market share in 2023 Robots with a load-carrying capacity of more than 50 kg are mainly used to deliver groceries and heavy parcels ordered by online shoppers. In terms of volume, these robots accounted for a market share of ~26% in 2022. JD.com, the second-largest online retailer in China, has developed an autonomous delivery vehicle named JDX to carry out its last-mile deliveries with a load-carrying capacity of up to 300 kg. Another delivery robot that falls into this category is R1, developed by Nuro (US), capable of carrying 125 kg of cargo. Download PDF Sample @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=263 997316

  3. MarketsandMarkets Presents Hardware to hold a majority of the market share during the forecast period The hardware segment held a larger share of about ~70% of the delivery robots market in 2022, attributed to the costly components such as LiDAR sensors and radars, as they contribute majorly to the designing and development cost of a robot. The LiDAR sensor provides high- resolution, three-dimensional information about the surrounding environment to the delivery robot. This sensor not only locates the position of people and objects around it but also assesses the speed and route at which they are moving. With the help of this information, an onboard computer system can determine the safest way for the autonomous driving vehicle to lead to its destination.

  4. MarketsandMarkets Presents Market in Asia Pacific to hold significant growth opportunities during the forecast period The market in Asia Pacific is expected to be worth USD 430.4 million by 2028, growing at the highest CAGR of 36.7% during the forecast period. Australia and Japan are currently involved in the testing of delivery robots. According to the January 2023 press release by THE JAPAN TIMES LTD., automated delivery robots remotely monitored by humans will be able to hit Japanese public roads from April 2023 under the revised road traffic law. The trials for deliveries of food and daily necessities by robots have also been conducted in some of the residential and business districts in Japan.

  5. MarketsandMarkets Presents Key Players: Major vendors in the Delivery Robots market include Starship Technologies (US), JD.com, Inc. (China), Panasonic Holdings Corporation (Japan), Relay Robotics, Inc. (US), and Nuro, Inc. (US)— accounting for about 35–45% market share. Starship Technologies (US), JD.com, Inc. (China), among others. For More Details - https://www.marketsandmarkets.com/Market- Reports/delivery-robot-market-263997316.html

  6. MarketsandMarkets Presents About MarketsandMarkets™ MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co- creating supernormal growth for clients. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

  7. MarketsandMarkets Presents Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: sales@marketsandmarkets.com Visit Our Website: https://www.marketsandmarkets.com Content Source: https://www.marketsandmarkets.com/PressReleases/delivery- robot.asp

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