This Frost Radar™ evaluates companies that develop and provide unmanned ground solutions for the commercial last-mile delivery market. An unmanned ground vehicle (UGV) is a small or medium-sized system designed to operate under remote control and may be capable of operating semi or fully autonomously. UGVs are gaining relevance in the logistics and delivery industries—they can carry packages and goods for short-distance deliveries, making them a valuable solution for last-mile logistics challenges. These sizes were selected to focus the study’s scope on systems designed specifically for last-mile delivery, excluding autonomous large vehicles and autonomous trucks. Smaller systems have the highest adoption rate thanks to their flexibility, which allows them to operate in urban environments and lower security risks. The discussion will revolve around companies that design and manufacture UGVs for this specific use case.
The last-mile delivery market experienced significant growth during the lockdown period of the pandemic, a time in which demand for deliveries grew exponentially. In addition, the use of autonomous vehicles to encourage contactless deliveries provided these businesses with the required exposure to boost public opinion and raise awareness among the public of this use case.
Coming out of the pandemic, profitability concerns arise from well-established last-mile delivery companies—they are entering the market with unproven technology, which poses unique challenges to growth.
Due to the nascent state of this market, the market size and growth rate of each company were calculated using the funding amounts as a base, yet still considering several additional factors such as the number of partnerships established, systems in operation, and cities where it operates, among others.
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.
Unmanned Ground Vehicles for Commercial Last-Mile Deliveries 2024
- Unmanned Ground Vehicles for Commercial Last-Mile Deliveries
Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform
Growth Index
Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.
- Market Share (previous 3 years)
This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years. - Revenue Growth (previous 3 years)
This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™. - Growth Pipeline
This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities. - Vision and Strategy
This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision? - Sales and Marketing
This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.
Innovation Index
Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.
- INNOVATION SCALABILITY
This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals. - RESEARCH AND DEVELOPMENT
This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline. - PRODUCT PORTFOLIO
This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue. - MEGATRENDS LEVERAGE
This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline. - CUSTOMER ALIGNMENT
This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.
Significance of Being on the Frost Radar™
Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.
- GROWTH POTENTIAL
Your organization has significant future growth potential, which makes it a Company to Action. - BEST PRACTICES
Your organization is well positioned to shape Growth Pipeline™ best practices in your industry. - COMPETITIVE INTENSITY
Your organization is one of the key drivers of competitive intensity in the growth environment. - CUSTOMER VALUE
Your organization has demonstrated the ability to significantly enhance its customer value proposition. - PARTNER POTENTIAL
Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.
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- Report download
- Growth Dialog™ with our experts
Growth Dialog™
A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
- Best Practices
- Companies to Action
Impacting your company's future growth potential.
| Deliverable Type | Frost Radar |
|---|---|
| Industries | Aerospace, Defence and Security |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Unmanned Ground Vehicles Market Analysis |
| Keyword 2 | UGV Market Trends |
| Keyword 3 | Last-Mile Delivery Market Insights |
| Podcast | No |
| WIP Number | K9B4-01-00-00-00 |
Frost Radar™: Unmanned Ground Vehicles for Commercial Last-Mile Deliveries, 2024
A Benchmarking System to Spark Companies to Action - Innovation that Fuels New Deal Flow and Growth Pipelines
02-Feb-2024
Global
Frost Radar





