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Delivery Robots Market Worth $34.0 Million by 2024 - Exclusive Report by MarketsandMarkets™CHICAGO, January 29, 2019 /PRNewswire/ -- According to the new market research report "Delivery Robots Market by Load Carrying Capacity (Up to 10, 10.01-50.00, and More than 50 kg), Component (LiDAR Sensors, Control Systems), Number of Wheels (3, 4, and 6), End-User Industry (Food & Beverages, Retail), and Geography - Global Forecast 2024", published by MarketsandMarkets™, the Delivery Robots Market is expected to grow from USD 11.9 million in 2018 to USD 34.0 million by 2024, at a CAGR of 19.15% during the forecast period. Autonomous delivery robots are primarily useful for food & beverages, retail, hospitality, and healthcare industries. Owing to this, the companies developing delivery robots have been receiving funding from venture firms. Another driver for the delivery robots market includes the reduction in last-mile delivery costs. (Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg ) Ask for PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=263997316 The market for robots with load carrying capacity of up to 10.00 kg to grow at the highest CAGR during 2018-2024 Robots with a load carrying capacity of up to 10.00 kg are mainly adopted by local restaurants for the delivery of food parcels and beverages to consumers. As these robots weigh around 25 kg, they are capable of carrying limited weight and adopted to deliver products in a shorter range. The existing challenge of traffic congestion that restricts the easy movement of autonomous vehicles puts limitations on the dimensions of robots. Hence, the growth of the market for delivery robots with a load carrying capacity of up to 10.00 kg is driven by their small form factor. Hardware to dominate delivery robots market in 2018 Hardware contributes majorly to the development cost of a robot. Robot development stages such as designing, building, programming, and testing a robotic system are a combination of physics, mechanical engineering, electrical engineering, structural engineering, mathematics, and computing. The larger market share of hardware can be attributed to the costly components such as LiDAR sensors and radars. The LiDAR sensor provides high-resolution, three-dimensional information about the surrounding environment to the delivery robot. This sensor ot only locates the position of people and objects around the vehicle but also assesses the speed and route at which they are moving. Browse in-depth TOC on "Delivery Robots Market" 67 - Tables 43 - Figures 148 - Pages North America to hold a major share of the delivery robots market in 2018 Increasing demand for delivery robots in the retail industry and growing labor charges for last-mile deliveries, drive the delivery robots market growth in North America. Owing to various research programs supported by the government of North American countries, North America is expected to hold the largest share of the delivery robots market in 2018. It has invested millions of dollars in robotics research projects, most of which are defense-related projects. North America has been home to many delivery robot manufacturing companies, such as Robby Technologies (US) and BoxBot (US). Sophisticated and adequate street infrastructure, such as proper design and sufficient width of sidewalks and footpaths, helps companies in testing and operating delivery robots in this region. Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=263997316 Major players in the delivery robots market include Starship Technologies (US), JD.com (China), Panasonic System Solutions Asia Pacific (Singapore), Savioke (US), Nuro (US), Amazon Robotics (US), Robby Technologies (US), Boston Dynamics (US), Robomart (US), Eliport (Spain), Dispatch (US), Piaggio Fast Forward (US), Marble (US), TeleRetail (Switzerland), BoxBot (US), and Kiwi Campus (US). Please Explore Relevant Reports: Automated Guided Vehicle Market by Type (Unit Load Carrier, Forklift Truck, Tow Vehicle, Pallet Truck, Assembly Line Vehicle), Battery Type (Lead, Nickel, Lithium Ion), Application, Navigation Technology, Industry, & Geography - Global Forecast to 2023 Top Robotics Market by Top Industrial Robotics (Articulated, SCARA, Cartesian, Parallel, and Collaborative), Top Service Robotics (Logistics, Domestic, Medical, Field, and Defense, Rescue, & Security) - Global Forecast to 2023 About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. 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