The global logistics automation market size was US$ 49.8 billion in 2020. The global logistics automation market is forecast to reach the value of US$ 138.2 billion by 2030 by growing at a compound annual growth rate (CAGR) of 10.8% during the forecast period from 2021-2030.

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The application of automation software and machinery that help companies enhance the logistics procedures is regarded as logistics automation. The systems are used in driverless vehicles and drones.

The COVID-19 pandemic had a severe negative impact on the global logistics automation market globally. The supply chain in North America, Asia Pacific, and other prominent regions was severely disrupted during the pandemic period.

Due to the onset of the COVID-19 epidemic, retail, industrial goods, and consumer goods are the few segments that registered a major loss. Apart from that, the stoppage in the production of the electronic device hampered the market growth.

Regionally, the logistics automation market would witness accelerating growth in North America. The region is forecast to contribute with the leading share, mainly because of the presence of prominent enterprises. Moreover, the US, Canada, and Mexico are witnessing rapid economic growth. As a result, it would present significant opportunities for market growth.

The Asia Pacific market is forecast to register a notable growth rate because of the growing demand for automated materials. Moreover, the region is witnessing the expansion of the logistics and transportation segment. As a result, it would fuel the growth of the logistic automation markets in this region.

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