Report provides comprehensive information on Autonomous Trucks Market Upcoming Opportunities, challenges, market drivers, restraints, with major key players in Autonomous Trucks Industry. Report segments Autonomous Trucks Global Market by Components (Hardware and Software), Sensor Type (LiDAR, Image, Radar, Ultrasonic and Others), Technology (Semi-Automated Trucks and Fully Automated Trucks), and by Region - Forecast To 2023. —
Autonomous Trucks Key Companies Studied In This Report:
Delphi Automotive PLC (Ireland), Google Inc (U.S.), Uber Technologies Inc. (U.S.), Tesla Inc. (U.S.), Volkswagen AG (Germany), Embark Trucks (U.S.), BMW AG (Germany), AB Volvo (Sweden), Ford Motor Co. (U.S.), General Motor Company (U.S.), Robert Bosch GmbH (Germany).
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Autonomous Trucks Market Highlights:
Autonomous trucks market has seen remarkable growth in the global market and it has been observed that it is expected to expand with the CAGR of ~15.6%. Autonomous trucks are majorly driven due to the shortage of trucks drivers and increased supply of goods and materials to various end sources. According to American Truck Association, there had been a shortage of 36,500 drivers in the year 2016, which has increased to 50,000 by the end of 2017. In the year 2017, around 71% of the freight tonnage had been transported through trucks in America. Growing volumes of shipment at rapid pace is estimated to drive the sales of autonomous trucks and encourage the manufacturers or new entrants for investing.
The report gives a neat picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions
The development of new and advanced software technologies with automated handling system is a major factor driving the market. Suspension manufacturers are working towards the development of new technologies with the objective to remain competitive in the market. Automakers are working towards the development of fuel-efficient autonomous trucks for eliminating the excessive fuel cost and environmental fuel polluting gases. However, this market is expected to be challenged by the safety of software systems and major developments toward the prevention of hacking of such software systems.
This study provides an overview of the global autonomous trucks market, tracking three market segments across four geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for each region for the next five years. The scope of the study segments the global autonomous trucks market by components, sensor type, technology and regions.
Regional Market Analysis Of Autonomous Trucks:
In terms of region, the global market for autonomous trucks is segmented into North America, Europe, Asia Pacific, and Rest of the World.
North America is anticipated to hold the major market revenue share over the forecast period followed by Europe and Asia Pacific. As per the American Trucks Association, Trucks carry 70% of the total goods shipped around the U.S. Also, there had been a shortage of 50,000 drivers in the year 2017, which is expected to increase to 175,000 by the end of 2024.
This will enhance the growth of autonomous trucks because the technology is computer-controlled and not driver-controlled. Autonomous trucks are not subjected to rules and can extend their working more than human working hours. Asia Pacific market is expected to expand at a high CAGR throughout the forecast period due to low labor cost for the production plant and increased effort towards ease of operating in the countries such as China, Singapore, Japan and India. The great demand of logistic services in China and Singapore and the government backing for the advanced technology and fewer regulatory hurdles will boost the growth of the Asia Pacific autonomous trucks market.
List Of Tables:
TABLE 1 GLOBAL AUTONOMOUS TRUCKS MARKET, BY VEHICLE TYPE, 2014-2027 (USD BILLION)
TABLE 2 GLOBAL AUTONOMOUS TRUCKS MARKET, BY COMPONENTS, 2014-2027 (USD BILLION)
TABLE 3 GLOBAL AUTONOMOUS TRUCKS MARKET, BY REGION, 2014-2027 (USD BILLION)
TABLE 4 NORTH AMERICA: AUTONOMOUS TRUCKS MARKET, BY COUNTRY, 2014-2027 (USD BILLION)
TABLE 5 NORTH AMERICA: AUTONOMOUS TRUCKS MARKET, BY VEHICLE TYPE, 2014-2027 (USD BILLION)
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