Autonomous Trucks Market Global Forecast To 2023 Research Report

Posted by Abhijeet Bendre on October 3rd, 2018

Autonomous Trucks Market Global Industry Highlights:

Report provides Autonomous Trucks Market Size, Share, Companies, Growth, Trends And SWOT Analysis From 2018 To 2023. Global Autonomous Trucks industry analyzed 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. The autonomous trucks market is expected to witness 15.6% CAGR during the period, 2018 to 2023.

Autonomous Trucks Market Major Companies Analyzed:

Delphi Automotive PLC (Ireland), Google Inc (U.S.), Uber Technologies Inc. (U.S.), Tesla Inc. (U.S.), Volkswagen AG (Germany), and Embark Trucks (U.S.), BMW AG (Germany), AB Volvo (Sweden), Ford Motor Co. (U.S.), General Motor Company (U.S.), Robert Bosch GmbH (Germany).

The autonomous truck is a commercially used vehicle that relies on different techniques that enable it to sense the surrounding and to navigate without any human input. Autonomous trucks majorly rely on satellites, guided systems and ground sensors. These systems identify obstacles and relevant signage to give proper navigation to the trucks for running without damage.

Geographically, the global autonomous trucks market has been segmented into four major regions such as North America, Europe, Asia Pacific, and Rest of the World. Amongst all regions, North America is expected to dominate the growth of the market during the forecast period followed by Europe. The high rate of technology adoption, increased volume of foreign tonnage, and the existence of major autonomous trucks manufacturers, such as Uber Technologies and Embark trucks is expected to drive the growth of the region over the forecast period. Availability of modern infrastructure facilities and the boom in demand for automobiles are further driving the market.

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.

List of Tables:

TABLE 1 GLOBAL AUTONOMOUS TRUCKS MARKET: BY REGION, 2018-2023

TABLE 2 NORTH AMERICA AUTONOMOUS TRUCKS MARKET: BY COUNTRY, 2018-2023

TABLE 3 EUROPE AUTONOMOUS TRUCKS MARKET: BY COUNTRY, 2018-2023

TABLE 4 ASIA PACIFIC AUTONOMOUS TRUCKS MARKET: BY COUNTRY, 2018-2023

TABLE 5 ROW AUTONOMOUS TRUCKS MARKET: BY COUNTRY, 2018-2023

TABLE 6 GLOBAL AUTONOMOUS TRUCKS MARKET, BY COMPONENT, BY REGIONS, 2018-2023

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List of Figures:

FIGURE 1 RESEARCH PROCESS OF MRFR

FIGURE 2 TOP DOWN & BOTTOM UP APPROACH

FIGURE 3 MARKET DYNAMICS

FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS

FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS

FIGURE 6 PORTER’S FIVE FORCES ANALYSIS

FIGURE 7 VALUE CHAIN ANALYSIS

FIGURE 8 GLOBAL AUTONOMOUS TRUCKS MARKET SHARE, BY COMPONENT, 2016 (%)

FIGURE 9 GLOBAL AUTONOMOUS TRUCKS MARKET, BY COMPONENT, 2015-2023 (USD MILLION)

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