Astute Analytica reports that the global Indoor Delivery Robot Market size will grow from f USD 16.63 Million in 2021 and is expected to reach USD 253.76 Million by 2027. The global market will record a tremendous compound annual growth rate (CAGR) of 22.5% during the study period, i.e., 2022-2030.
The report’s segmentation section focuses on each category while also identifying those with the greatest influence on the Indoor Delivery Robot Market. The segmentation provided the framework for locating businesses and assessing their financial health, product portfolios, and potential for future growth. In order to forecast the level of competition, the second step involved analysing the core competencies and market shares of leading companies. To determine the size of the market as a whole, a bottom-up approach was adopted.
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Significant number of investments are being made by the market players to provide additional features to the indoor delivery robots in order to serve their client’s requitements in a better way.
Growth Influencers
Covid-19 is one of the most important factors fueling the market demand
One of the most important factors fuelling the growth of delivery robot market is growth number of Covid-19 cases across the globe. The growing cases of corona virus has resulted in shortage of manpower This has resulted in increased demand for technologies which can help in safe delivery to the customers. Increasing use of technologies such as digitization, artificial intelligence, GPS technologies have made it possible for the companies to ensure fast, secure, and cost-effective delivery of products to the clients.
Reduction in labor cost is expected to drive the demand for indoor delivery robots
The usage of indoor delivery is expected to reduce the overall cost of labour to a great extent. These robots can substitute a delivery person and can carry a payload of more than 50 kgs in one go.
Legal considerations of using indoor delivery robot in commercial spaces are expected to create a hindrance in the market growth
The users of indoor delivery robots are required to abide by a set of rules and regulations laid by the government in commercial spaces. Manufacturers are being cautious to ensure that robots do not cause any harm to pedestrians. Therefore safety & laws related to delivery robots is one of the most important reason which is expected to slow down the market growth.
Segments Overview
The global indoor delivery robot market is segmented into component, robot type, operations, payload, application, and industry
By Component
- Hardware
- GPS
- Cameras
- Radars
- Ultrasonic/LiDAR Sensors
- Control Systems
- Chassis and Motors
- Batteries
- Others (Wires, Drive Wheels, and Relays)
- Software
- Robotic Operating System
- Cyber Security Solutions
- Services
- Integration, Maintenance & Support
- Consulting and Training
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The hardware segment accounted for the major share of the indoor delivery robot market. It is estimated to cross USD 110 Million by the year 2027. Whereas, cyber security solutions in software segment is expected to grow at a CAGR of 19.1% during the forecast period.
By Robot Type
- 2 & 3 Wheel
- 4 Wheel
- 6 Wheel
Based on robot type, 4-wheel segment captured the largest market share of more than 45% of indoor delivery robot market. The segment is expected to continue this dominance during the forecast period.
By Operations
- Autonomous
- Remote Operated
The autonomous segment held the largest share of operations segment in 2020. The segment is expected to continue this dominance during the forecast period.
By Payload
- < 0.5 Kgs
- 0.5 – 2 kgs
- 2-10 Kgs
- 10-50 Kgs
- > 50 Kgs
Based on payload, 10-50 kgs segment is estimated to capture the largest market share in 2020. Whereas < 0.5 kgs segment is expected to grow at a highest rate during the forecast period.
By Application
- Food Delivery
- Cargo Delivery
- Medical Delivery
- Postal Delivery
- Emergency Response
Food delivery segment is estimated to capture the largest market share of application segment in 2020, and is expected to continue this dominance during the forecast period.
By Industry
- Retail
- E-commerce
- Hospitality
- Healthcare
- Logistics
- Postal Services
Retail industry is estimated to capture the largest share of industry segment in 2020. Whereas hospitality segment is expected to grow at a highest CAGR of 16.7% during the forecast period.
Regional Overview
On the regional basis, the global indoor delivery robot market is segmented into Americas, Europe, Asia Pacific, South America, Middle East and Africa.
America is dominating the global indoor delivery robot market, with the largest share of around 58% in 2020. The region is expected to continue its dominance during the forecast period. Presence of large number of technology providers in the region is one of the most important factors, attribute to this dominance. Whereas, Middle East is expected to be the fastest growing region, during the forecast period.
Competitive Landscape
Prominent players functioning in the market include, Aethon Inc, Effidence, Keenon Robotics Co., Ltd., Pudu Technology Inc., Rice Robotics Ltd., Savioke Inc., Sir Steward, Segway Robotics Inc., Tactile Robots SRL, Guangzhou Aobo Information Technology Co., Ltd., Suzhou Pangolin, Robot Corp., Ltd., E Novia, Bear Robotics. Key market players are actively engaged in strategic partnerships to strengthen their market position.
The global indoor delivery robot market report offers insights on the below pointers:
1. Market Penetration: The research report provides comprehensive data on the market offered by the prominent players
2. Market Development: The report offers detailed analysis about emerging markets and examines penetration across mature segments of the markets
3. Market Diversification: The research report offers comprehensive information about untapped geographies, recent developments, and investments
4. Competitive Landscape Assessment: Mergers & acquisitions, certifications, product launches, collaborations in the market have been provided in this research report. In addition, the report also includes a SWOT analysis of the leading market players.
The global indoor delivery robot market report answers questions such as:
1. What is the market size and forecast of the global indoor delivery robot market?
2. What are the inhibiting factors and impact of COVID-19 on the global indoor delivery robot market during the assessment period?
3. Which are the products/segments/applications to invest in over the assessment period in the global indoor delivery robot market?
4. What are the technology trends in the global indoor delivery robot market?
5. What strategies are considered favourable for entering the global indoor delivery robot market?
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