Autonomous Truck Market – Global Leaders & Geographical GrowthPosted by swapnil on May 4th, 2022 The global Autonomous Truck Market size is projected to reach USD 1,550 million by 2030, from USD 460 million in 2024, at a CAGR of 22.4%. The forecast period is from 2024 to 2030. The autonomous truck segment is the future of the trucking and transportation industry. Especially after the global pandemic of COVID-19, many e-commerce and shipping companies will be looking to develop autonomous truck deliveries to avoid human contact. Key Drivers:
Top Players: AB Volvo (Sweden), Robert Bosch (Germany), Continental AG (Germany), Denso (Japan), Aptiv (UK), Daimler (Germany), Paccar (US), Nvidia (US). Top Start-ups: Embark (US), Waymo (US), TuSimple (US), Tesla (US). The North American region is estimated to account for the largest share of the semi-autonomous and autonomous truck market. North America is the technology leader in autonomous technology. The region is home to some of the leading technology developers, such as Waymo, Uber, Intel, and Embark. These companies are focusing on the development of autonomous technology. Also, in the US, the testing of autonomous vehicles has started in some states. This will create an opportunity for further development of autonomous trucks. For instance, Daimler tested its level 4 autonomous truck on the streets of Virginia, US. Also, the region is dominated by pickup trucks having advanced semi-autonomous driving features. Ford and GMC are some of the leading players offering pickup trucks in the country. Tesla will enter the market soon with its ‘Cybertruck’ having all the semi-autonomous features and an optional autonomous driving feature as well. The ultrasonic segment is projected to have the largest market share in the semi-autonomous truck market by volume. Ultrasonic has a short-range and small Field of View (FoV). Hence, many ultrasonic sensors are used in semi-autonomous and autonomous trucks. Ultrasonic sensors are typically used for short-range object detection, which is applicable for parking ADAS features such as intelligent park assist. The cost of the ultrasonic sensors is less than other sensors. Currently, the cost of LIDARs is high, and generally, they are not installed in level 1 and level 2 semi-autonomous trucks. Request FREE Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=224614273 Autonomous Truck Market and Key Application: Level 4 Autonomous Truck – Last-Mile Delivery Truck – Truck Platooning – Like it? Share it!More by this author |