The autonomous last-mile delivery market – including both aerial and ground-based vehicles – is expected to grow at a rapid rate in the next seven years.
This is according to new market research from US-based Grand View Research (GVR).
Autonomous last-mile delivery vehicles are designed to make reaching delivery recipients in difficult-to-reach locations a simpler process.
This can include the transport of medical and necessary supplies to people living in remote locations.
The technology also has a great potential for use in humanitarian missions.
GVR also mentions the use of autonomous cargo drones and ground vehicles in warehouses and other work sites.
GVR reports that the market will reach a size of $84.9 million by 2027.
It also forecasts a compound annual growth rate (CAGR) of 32.4% over that same period.
The company’s full report offers a breakdown of the market by geography, as well as by other factors.