Description

The COVID-19 pandemic has accelerated the adoption of autonomous vehicles in last-mile delivery, driven by the need for contactless deliveries and shorter delivery times in the booming eCommerce industry. Autonomous vehicles offer numerous benefits, including addressing labor shortages, reducing delivery delays, meeting demand requirements during peak periods, and enhancing last-mile delivery capabilities.

The last-mile delivery industry is fragmented, with companies at different stages of growth and deployment. Established industry participants with commercially viable products compete alongside start-ups testing and deploying novel solutions. The retail sector is a leading user of autonomous vehicles, where businesses are compelled to innovate in last-mile delivery solutions to meet consumer demand. To meet the needs of this sector, autonomous last-mile delivery companies provide customers with flexible leasing options, including maintenance services, to control costs. While there are significant challenges, such as high insurance, stringent regulatory approvals, and the threat of vandalism, autonomous vehicles are poised to revolutionize last-mile delivery in established and emerging markets as the industry becomes more consolidated and market demand increases.

This Frost Radar™ highlights 10 companies developing autonomous systems for delivering goods. Frost & Sullivan analyzes numerous companies in an industry. Those selected for further analysis based on their leadership or other distinctions are benchmarked across 10 Growth and Innovation criteria to reveal their position on the Frost Radar™. The publication presents competitive profiles of each company on the Frost Radar™, considering their strengths and the opportunities that best fit those strengths.