The global Autonomous Truck market size is projected to grow from USD 460 million in 2027 to reach USD 1,550 million by 2027, at a CAGR of 22%.
The growth of the semi-automatic truck market may be due to increasing road accidents, the need for efficient truck operations, and the demand for the truck’s ADAS capabilities. Government agencies around the world have begun regulating safety standards for trucks to reduce deaths from road accidents. Factors such as driver shortages, increasing research and development on technologies such as V2X, 5G, connected trucks, ADAS and platooning, companies aiming to reduce shipping and transportation costs, will drive the autonomous truck market in the forecast.
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Key Market Players
The global semi-autonomous truck market is dominated by major players such as Continental (Germany) Bosch (Germany), Aptiv (UK), AB Volvo (Sweden), and Denso (Japan).
Based on propulsion type:
- Diesel
- Electric
- Hybrid
Based on the level of automation:
- Level 1
- Level 2 & Level 3
- Level 4
- Level 5
Based on the application:
- Last-mile delivery truck
- Mining Truck
Based on the ADAS feature:
- ACC
- AEB
- BSD
- LKA
- IPA
- TJA
- HP
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Scope of the Report
The research study analyzes the global Autonomous Truck industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Autonomous Truck Market Report
1. What was the Autonomous Truck Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Autonomous Truck Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Autonomous Truck Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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