Autonomous Truck Market By Size, Share and Forecast 2028

Summary

Report Description

Forecast Period	2024-2028
Market Size (2022)	USD 19 billion
CAGR (2023-2028)	7.16%
Fastest Growing Segment	Medium-Duty Truck
Largest Market	North America

Market Overview

Global Autonomous Truck Market has valued at USD 19 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 7.16% through 2028. Commercial vehicles that employ modern technology like as Al, LIDAR, sensors, and optical cameras to automate truck movement with little or no human interaction are known as autonomous trucks. These vehicles can execute a variety of activities typically performed by human drivers, such as acceleration, braking, steering, and navigation. They have the potential to transform the transportation and logistics business by increasing efficiency, improving safety, and lowering operational costs.Because of the fast advancement of sensor technology and software processing, truck manufacturers have been able to provide varied levels of autonomy to the trucking industry. Self-driving trucks can minimize accidents and fatalities, improve operational efficiency for fleet owners (such as reduced vehicle downtime), and lower labor costs. The transportation and logistics industry's drive for enhanced efficiency and cost-effectiveness is driving market expansion. Traditional trucking operations will face restrictions owing to human driver-related constraints such as working hours and rest breaks as demand for products rises and the desire for faster and more reliable delivery grows. The adoption of sustainable practices strengthens the autonomous truck industry even more. With a growing emphasis on environmental stewardship, Companies are looking for solutions to lower their carbon impact while meeting tough emission rules. Autonomous trucks, particularly those driven by electric or alternative fuels, provide a cleaner and more environmentally responsible mode of transportation.

Key Market Drivers

Safety Enhancement and Accident Reduction

Safety is a paramount concern in the transportation industry. Autonomous trucks are equipped with advanced sensor systems, including radar, lidar, cameras, and GPS, that provide a comprehensive view of the vehicle's surroundings. These sensors enable real-time monitoring of road conditions, traffic patterns, and potential hazards. With the ability to react faster than human drivers, autonomous trucks have the potential to significantly reduce accidents caused by human errors such as fatigue, distraction, and impaired driving. This enhancement in safety is one of the most compelling drivers for the adoption of autonomous trucking technologies.

Driver Shortage and Labor Efficiency

The trucking industry has long grappled with a shortage of qualified drivers. The demand for trucking services continues to grow, but the available workforce is not keeping pace. Autonomous trucks can alleviate this shortage by operating without a human driver. This not only addresses labor inefficiencies but also helps reduce driver fatigue, as trucks can operate continuously without the need for mandated rest breaks. As the industry looks for solutions to this workforce challenge, autonomous trucks offer a promising avenue for maintaining efficient and reliable transportation services.

Operational Efficiency and Cost Savings

Autonomous trucks have the potential to optimize transportation operations by reducing fuel consumption, minimizing idle time, and optimizing route planning. These vehicles can communicate with each other and with traffic infrastructure, allowing for real-time adjustments to routes and speeds based on traffic conditions. This leads to reduced congestion, shorter delivery times, and lower fuel costs. Moreover, autonomous trucks could potentially drive in platoons, where multiple trucks follow closely behind a lead vehicle, benefiting from reduced aerodynamic drag and further enhancing fuel efficiency.

Regulatory and Policy Landscape

Regulatory agencies and policymakers are recognizing the potential benefits of autonomous vehicles, including trucks. Some regions have already started to create frameworks for testing and deploying autonomous trucks on public roads. As the regulatory environment becomes more accommodating, it provides a conducive atmosphere for manufacturers and technology companies to invest in the development and deployment of autonomous trucking technologies. Supportive regulations can accelerate the integration of autonomous trucks into commercial fleets.

Technological Advancements and AI Development

The advancements in artificial intelligence (AI), machine learning, and sensor technology have paved the way for sophisticated autonomous systems. Deep learning algorithms enable vehicles to process vast amounts of data and make split-second decisions based on that data. The integration of AI allows autonomous trucks to learn from their experiences and adapt to various driving conditions, making them more capable and reliable over time. As these technologies continue to evolve, they drive the evolution of autonomous trucks as well.

Environmental Considerations and Sustainability

Autonomous trucks have the potential to contribute to environmental sustainability by optimizing fuel consumption and reducing emissions. The efficiency gained from optimized route planning, reduced idling, and smoother driving patterns can collectively lead to a smaller carbon footprint for the transportation industry. As the world focuses on mitigating the impacts of climate change, the adoption of autonomous trucks aligns with these global sustainability goals.

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Key Market Challenges

Safety Enhancement and Accident Reduction

Driver Shortage and Labor Efficiency

Operational Efficiency and Cost Savings

Regulatory and Policy Landscape

Technological Advancements and AI Development

Environmental Considerations and Sustainability

Autonomous trucks have the potential to contribute to environmental sustainability by optimizing fuel consumption and reducing emissions. The efficiency gains from optimized route planning, reduced idling, and smoother driving patterns can collectively lead to a smaller carbon footprint for the transportation industry. As the world focuses on mitigating the impacts of climate change, the adoption of autonomous trucks aligns with these global sustainability goals.

Key Market Trends

Demand For ADAS Is Increasing

Customers' increasing awareness is driving up demand for automobiles with autonomous and enhanced safety features. 90% of consumers who choose to install an ADAS system in their car become repeat buyers. Government laws and regulations also support ADAS market sales. The installation of Automotive Emergency Braking (AEB) and Forward Collision Avoidance/Warning Systems (FCAWS) will be mandated in the United States and Europe by 2022 and 2020, respectively.

To create ADAS, top OEM suppliers have partnered with technological startups. Nvidia and other technology companies have joined this market to supply services to companies like as Volvo and Paccar. Amazon is delivering its goods using self-driving trucks from Embark. Electrification Synergy: Pioneering the Shift towards Electric Vehicles (EVs)

Passive safety (measures to protect drivers from injuries during or after an accident) has experienced a lot of innovation in the last several decades, and there is very little room for improvement in developed countries. Companies are increasingly concentrating on offering the highest passive safety in developing markets. Active Safety (predicting and avoiding crashes) is still in its early stages, but it has a lot to offer. Any ADAS technology that receives early clearance from a majority of participants will play a critical role in the development of fully autonomous cars in the future.

Segmental Insights

Truck Types Analysis

With a growing driver shortage, heavy duty trucks will gain traction. The market is divided into three segments based on truck type: light-duty vehicles, medium-duty trucks, and heavy-duty trucks. Because of the ongoing driver scarcity, notably in the United States, the heavy-duty truck category is expected to grow at a rapid pace. In America, for example, it is anticipated that there would be a shortage of slightly more than 80,000 drivers by 2021. By removing driver costs, higher-level autonomous trucks can relieve the driver shortage problem and significantly cut the cost per mile of transportation. These factors are projected to drive heavy-duty truck segment growth throughout the forecast period. Due to rising demand for light-duty trucks, the market for these vehicles is likely to expand significantly.

Propulsion Type Analysis

Due to a strong preference for diesel trucks powered by IC engines, the IC engine segment is expected to dominate. The market is divided into two types of propulsion: IC engine and electric. Over the projected period, the IC engine category is likely to dominate the market. Due to the limited battery range of electric trucks, users active in long-haul transportation will choose diesel vehicles powered by IC engines. Furthermore, based on current power density advancements and battery costs, electric truck range increase is likely to be moderate over the next few years.

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Regional Insights

The increasing electrification of automobiles because of infrastructure development by businesses such as Tesla is also boosting the industry in North America. The use of x-by-wire technology in electric cars is assisting in the advancement of autonomous driving. In September 2021, PACCAR partnered with Aurora, a top autonomous driving technology startup, to conduct a commercial test of driverless trucks in hauling operations in Washington. The technology is likely to be used by FedEx. Daimler Trucks North America teamed with Torc Robotics in 2019 to begin testing autonomous trucks on Interstate 81 in Virginia. Kenworth vehicle Co. debuted its autonomous vehicle technology based on the T680 truck at CES 2020. The autonomous truck employs sensors and LiDAR to capture up to 1 terabyte of data each hour while driving.

Due to the establishment of road safety standards in various countries and the rapid growth of autonomous cars in Japan and China, primarily for last-mile deliveries and mining trucks, Asia Pacific is likely to demonstrate the quickest CAGR throughout the projection period. Countries in the area, notably China, Japan, South Korea, and Singapore, are investing heavily in the research and development of autonomous vehicle technology, including autonomous trucks. They recognise the potential advantages of these vehicles in terms of increased efficiency, lower costs, and improved logistical operations. For example, in China, the government has classified autonomous vehicles, particularly self-driving trucks, as a key industry and has set lofty aspirations to become a worldwide leader in autonomous driving technology.

Recent Developments

Daimler vehicles will launch a new industry standard scalable truck platform for autonomous driving in 2021, capable of producing ASE level 4 autonomous vehicles with redundant systems for added safety.
Daimler will collaborate with Waymo to develop completely driverless semi-trucks in October 2020. Waymo's autonomous driving technology is being integrated into Daimler's trucks as part of this strategic relationship.
At the Advanced Clean Transportation Expo in March 2023, Robert Bosch GmbH and PlusAl, Inc. debuted driver-assist truck technology. The businesses are working together to create and implement enhanced driver assistance technologies in commercial vehicles.
Kodiak Robotics, Inc., one of the top autonomous trucking startups, announced its fifth-generation self-driving truck hardware platform in April 2023, which boosts GPU processing power and sensor redundancy.
In June 2023, TuSimple, a self-driving truck business, began regular test runs on Tomei, a Japanese motorway, signalling its debut into the island country. TuSimple's decision underscores the company's commitment to growing its autonomous trucking operations into the Japanese market.
In June 2023, Kodiak Robotics, an autonomous trucking business, teamed with Loadsmith, a platform that connects shippers and carriers. This collaboration will see 800 vehicles outfitted with Kodiak's autonomous technology linked into Loadsmith's platform.

Key Market Players

AB Volvo
Mercedes Benz Group
Traton SE
TuSimple
Fabu Technology
Tesla Inc.
Paccar Inc
BYD Co. Ltd.
Einride
Embark

By Vehicle Type	By Propulsion Type	By Component Type	By Level of Autonomy	By Region
Light-Duty Truck Medium-Duty Truck Heavy-Duty Truck	ICE Electric	Lidar Radar Camera Sensors	Semi-Autonomous Fully Autonomous	North America Europe & CIS Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Autonomous Truck Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Autonomous Truck Market, By Vehicle Type:

o Light-Duty Truck

o Medium-Duty Truck

o Heavy-Duty Truck

Autonomous Truck Market, By Propulsion Type:

o Internal Combustion Engine (ICE)

o Electric

Autonomous Truck Market, By Component Type:

o Lidar

o Radar

o Camera

o Sensors

Autonomous Truck Market, By Level of Autonomy:

o Semi-Autonomous

o Fully Autonomous

Autonomous Truck Market, By Region:

o North America

§ United States

§ Canada

§ Mexico

o Europe & CIS

§ Germany

§ Spain

§ France

§ Russia

§ Italy

§ United Kingdom

§ Belgium

o Asia-Pacific

§ China

§ India

§ Japan

§ Indonesia

§ Thailand

§ Australia

§ South Korea

o South America

§ Brazil

§ Argentina

§ Colombia

o Middle East & Africa

§ Turkey

§ Iran

§ Saudi Arabia

§ UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Autonomous Truck Market.

Available Customizations:

Global Autonomous Truck Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Autonomous Truck Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Introduction

1.1. Product Overview

1.2. Key Highlights of the Report

1.3. Market Coverage

1.4. Market Segments Covered

1.5. Research Tenure Considered

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Market Overview

3.2. Market Forecast

3.3. Key Regions

3.4. Key Segments

4. Impact of COVID-19 on Global Autonomous Truck Market

5. Global Autonomous Truck Market Outlook

5.1. Market Size & Forecast

5.1.1. By Volume & Value

5.2. Market Share & Forecast

5.2.1. By Vehicle Type Market Share Analysis (Light-Duty Truck, Medium-Duty Truck and Heavy-Duty Truck)

5.2.2. By Propulsion Type Market Share Analysis (ICE, Electric)

5.2.3. By Component Type Market Share Analysis (Lidar, Radar, Camera and Sensors)

5.2.4. By Level of Autonomy Market Share Analysis (Semi-Autonomous, Fully Autonomous)

5.2.5. By Regional Market Share Analysis

5.2.5.1. Asia-Pacific Market Share Analysis

5.2.5.2. Europe Market Share Analysis

5.2.5.3. North America Market Share Analysis

5.2.5.4. South America Market Share Analysis

5.2.5.5. Middle East & Africa Market Share Analysis

5.2.6. By Company Market Share Analysis (Top 5 Companies, Others - By Value, 2022)

5.3. Global Autonomous Truck Market Mapping & Opportunity Assessment

5.3.1. By Vehicle Type Market Mapping & Opportunity Assessment

5.3.2. By Propulsion Type Market Mapping & Opportunity Assessment

5.3.3. By Component Type Market Mapping & Opportunity Assessment

5.3.4. By Level of Autonomy Market Mapping & Opportunity Assessment

5.3.5. By Regional Market Mapping & Opportunity Assessment

6. Asia-Pacific Autonomous Truck Market Outlook

6.1. Market Size & Forecast

6.1.1. By Volume & Value

6.2. Market Share & Forecast

6.2.1. By Vehicle Type Market Share Analysis

6.2.2. By Propulsion Type Market Share Analysis

6.2.3. By Component Type Market Share Analysis

6.2.4. By Level of Autonomy Market Share Analysis

6.2.5. By Country Market Share Analysis

6.2.5.1. China Market Share Analysis

6.2.5.2. India Market Share Analysis

6.2.5.3. Japan Market Share Analysis

6.2.5.4. Indonesia Market Share Analysis

6.2.5.5. Thailand Market Share Analysis

6.2.5.6. South Korea Market Share Analysis

6.2.5.7. Australia Market Share Analysis

6.2.5.8. Rest of Asia-Pacific Market Share Analysis

6.3. Asia-Pacific: Country Analysis

6.3.1. China Autonomous Truck Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Volume & Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Vehicle Type Market Share Analysis

6.3.1.2.2. By Propulsion Type Market Share Analysis

6.3.1.2.3. By Component Type Market Share Analysis

6.3.1.2.4. By Level of Autonomy Market Share Analysis

6.3.2. India Autonomous Truck Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Volume & Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Vehicle Type Market Share Analysis

6.3.2.2.2. By Propulsion Type Market Share Analysis

6.3.2.2.3. By Component Type Market Share Analysis

6.3.2.2.4. By Level of Autonomy Market Share Analysis

6.3.3. Japan Autonomous Truck Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Volume & Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Vehicle Type Market Share Analysis

6.3.3.2.2. By Propulsion Type Market Share Analysis

6.3.3.2.3. By Component Type Market Share Analysis

6.3.3.2.4. By Level of Autonomy Market Share Analysis

6.3.4. Indonesia Autonomous Truck Market Outlook

6.3.4.1. Market Size & Forecast

6.3.4.1.1. By Volume & Value

6.3.4.2. Market Share & Forecast

6.3.4.2.1. By Vehicle Type Market Share Analysis

6.3.4.2.2. By Propulsion Type Market Share Analysis

6.3.4.2.3. By Component Type Market Share Analysis

6.3.4.2.4. By Level of Autonomy Market Share Analysis

6.3.5. Thailand Autonomous Truck Market Outlook

6.3.5.1. Market Size & Forecast

6.3.5.1.1. By Volume & Value

6.3.5.2. Market Share & Forecast

6.3.5.2.1. By Vehicle Type Market Share Analysis

6.3.5.2.2. By Propulsion Type Market Share Analysis

6.3.5.2.3. By Component Type Market Share Analysis

6.3.5.2.4. By Level of Autonomy Market Share Analysis

6.3.6. South Korea Autonomous Truck Market Outlook

6.3.6.1. Market Size & Forecast

6.3.6.1.1. By Volume & Value

6.3.6.2. Market Share & Forecast

6.3.6.2.1. By Vehicle Type Market Share Analysis

6.3.6.2.2. By Propulsion Type Market Share Analysis

6.3.6.2.3. By Component Type Market Share Analysis

6.3.6.2.4. By Level of Autonomy Market Share Analysis

6.3.7. Australia Autonomous Truck Market Outlook

6.3.7.1. Market Size & Forecast

6.3.7.1.1. By Volume & Value

6.3.7.2. Market Share & Forecast

6.3.7.2.1. By Vehicle Type Market Share Analysis

6.3.7.2.2. By Propulsion Type Market Share Analysis

6.3.7.2.3. By Component Type Market Share Analysis

6.3.7.2.4. By Level of Autonomy Market Share Analysis

7. Europe & CIS Autonomous Truck Market Outlook

7.1. Market Size & Forecast

7.1.1. By Volume & Value

7.2. Market Share & Forecast

7.2.1. By Vehicle Type Market Share Analysis

7.2.2. By Propulsion Type Market Share Analysis

7.2.3. By Component Type Market Share Analysis

7.2.4. By Level of Autonomy Market Share Analysis

7.2.5. By Country Market Share Analysis

7.2.5.1. Germany Market Share Analysis

7.2.5.2. Spain Market Share Analysis

7.2.5.3. France Market Share Analysis

7.2.5.4. Russia Market Share Analysis

7.2.5.5. Italy Market Share Analysis

7.2.5.6. United Kingdom Market Share Analysis

7.2.5.7. Belgium Market Share Analysis

7.2.5.8. Rest of Europe & CIS Market Share Analysis

7.3. Europe & CIS: Country Analysis

7.3.1. Germany Autonomous Truck Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Volume & Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Vehicle Type Market Share Analysis

7.3.1.2.2. By Propulsion Type Market Share Analysis

7.3.1.2.3. By Component Type Market Share Analysis

7.3.1.2.4. By Level of Autonomy Market Share Analysis

7.3.2. Spain Autonomous Truck Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Volume & Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Vehicle Type Market Share Analysis

7.3.2.2.2. By Propulsion Type Market Share Analysis

7.3.2.2.3. By Component Type Market Share Analysis

7.3.2.2.4. By Level of Autonomy Market Share Analysis

7.3.3. France Autonomous Truck Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Volume & Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Vehicle Type Market Share Analysis

7.3.3.2.2. By Propulsion Type Market Share Analysis

7.3.3.2.3. By Component Type Market Share Analysis

7.3.3.2.4. By Level of Autonomy Market Share Analysis

7.3.4. Russia Autonomous Truck Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Volume & Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Vehicle Type Market Share Analysis

7.3.4.2.2. By Propulsion Type Market Share Analysis

7.3.4.2.3. By Component Type Market Share Analysis

7.3.4.2.4. By Level of Autonomy Market Share Analysis

7.3.5. Italy Autonomous Truck Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Volume & Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Vehicle Type Market Share Analysis

7.3.5.2.2. By Propulsion Type Market Share Analysis

7.3.5.2.3. By Component Type Market Share Analysis

7.3.5.2.4. By Level of Autonomy Market Share Analysis

7.3.6. United Kingdom Autonomous Truck Market Outlook

7.3.6.1. Market Size & Forecast

7.3.6.1.1. By Volume & Value

7.3.6.2. Market Share & Forecast

7.3.6.2.1. By Vehicle Type Market Share Analysis

7.3.6.2.2. By Propulsion Type Market Share Analysis

7.3.6.2.3. By Component Type Market Share Analysis

7.3.6.2.4. By Level of Autonomy Market Share Analysis

7.3.7. Belgium Autonomous Truck Market Outlook

7.3.7.1. Market Size & Forecast

7.3.7.1.1. By Volume & Value

7.3.7.2. Market Share & Forecast

7.3.7.2.1. By Vehicle Type Market Share Analysis

7.3.7.2.2. By Propulsion Type Market Share Analysis

7.3.7.2.3. By Component Type Market Share Analysis

7.3.7.2.4. By Level of Autonomy Market Share Analysis

8. North America Autonomous Truck Market Outlook

8.1. Market Size & Forecast

8.1.1. By Volume & Value

8.2. Market Share & Forecast

8.2.1. By Vehicle Type Market Share Analysis

8.2.2. By Propulsion Type Market Share Analysis

8.2.3. By Component Type Market Share Analysis

8.2.4. By Level of Autonomy Market Share Analysis

8.2.5. By Country Market Share Analysis

8.2.5.1. United States Market Share Analysis

8.2.5.2. Canada Market Share Analysis

8.2.5.3. Mexico Market Share Analysis

8.3. North America: Country Analysis

8.3.1. United States Autonomous Truck Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Volume & Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Vehicle Type Market Share Analysis

8.3.1.2.2. By Propulsion Type Market Share Analysis

8.3.1.2.3. By Component Type Market Share Analysis

8.3.1.2.4. By Level of Autonomy Market Share Analysis

8.3.2. Mexico Autonomous Truck Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Volume & Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Vehicle Type Market Share Analysis

8.3.2.2.2. By Propulsion Type Market Share Analysis

8.3.2.2.3. By Component Type Market Share Analysis

8.3.2.2.4. By Level of Autonomy Market Share Analysis

8.3.3. Canada Autonomous Truck Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Volume & Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Vehicle Type Market Share Analysis

8.3.3.2.2. By Propulsion Type Market Share Analysis

8.3.3.2.3. By Component Type Market Share Analysis

8.3.3.2.4. By Level of Autonomy Market Share Analysis

9. South America Autonomous Truck Market Outlook

9.1. Market Size & Forecast

9.1.1. By Volume & Value

9.2. Market Share & Forecast

9.2.1. By Vehicle Type Market Share Analysis

9.2.2. By Propulsion Type Market Share Analysis

9.2.3. By Component Type Market Share Analysis

9.2.4. By Level of Autonomy Market Share Analysis

9.2.5. By Country Market Share Analysis

9.2.5.1. Brazil Market Share Analysis

9.2.5.2. Argentina Market Share Analysis

9.2.5.3. Colombia Market Share Analysis

9.2.5.4. Rest of South America Market Share Analysis

9.3. South America: Country Analysis

9.3.1. Brazil Autonomous Truck Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Volume & Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Vehicle Type Market Share Analysis

9.3.1.2.2. By Propulsion Type Market Share Analysis

9.3.1.2.3. By Component Type Market Share Analysis

9.3.1.2.4. By Level of Autonomy Market Share Analysis

9.3.2. Colombia Autonomous Truck Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Volume & Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Vehicle Type Market Share Analysis

9.3.2.2.2. By Propulsion Type Market Share Analysis

9.3.2.2.3. By Component Type Market Share Analysis

9.3.2.2.4. By Level of Autonomy Market Share Analysis

9.3.3. Argentina Autonomous Truck Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Volume & Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Vehicle Type Market Share Analysis

9.3.3.2.2. By Propulsion Type Market Share Analysis

9.3.3.2.3. By Component Type Market Share Analysis

9.3.3.2.4. By Level of Autonomy Market Share Analysis

10. Middle East & Africa Autonomous Truck Market Outlook

10.1. Market Size & Forecast

10.1.1. By Volume & Value

10.2. Market Share & Forecast

10.2.1. By Vehicle Type Market Share Analysis

10.2.2. By Propulsion Type Market Share Analysis

10.2.3. By Component Type Market Share Analysis

10.2.4. By Level of Autonomy Market Share Analysis

10.2.5. By Country Market Share Analysis

10.2.5.1. Turkey Market Share Analysis

10.2.5.2. Iran Market Share Analysis

10.2.5.3. Saudi Arabia Market Share Analysis

10.2.5.4. UAE Market Share Analysis

10.2.5.5. Rest of Middle East & Africa Market Share Analysis

10.3. Middle East & Africa: Country Analysis

10.3.1. Turkey Autonomous Truck Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Volume & Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Vehicle Type Market Share Analysis

10.3.1.2.2. By Propulsion Type Market Share Analysis

10.3.1.2.3. By Component Type Market Share Analysis

10.3.1.2.4. By Level of Autonomy Market Share Analysis

10.3.2. Iran Autonomous Truck Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Volume & Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Vehicle Type Market Share Analysis

10.3.2.2.2. By Propulsion Type Market Share Analysis

10.3.2.2.3. By Component Type Market Share Analysis

10.3.2.2.4. By Level of Autonomy Market Share Analysis

10.3.3. Saudi Arabia Autonomous Truck Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Volume & Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Vehicle Type Market Share Analysis

10.3.3.2.2. By Propulsion Type Market Share Analysis

10.3.3.2.3. By Component Type Market Share Analysis

10.3.3.2.4. By Level of Autonomy Market Share Analysis

10.3.4. UAE Autonomous Truck Market Outlook

10.3.4.1. Market Size & Forecast

10.3.4.1.1. By Volume & Value

10.3.4.2. Market Share & Forecast

10.3.4.2.1. By Vehicle Type Market Share Analysis

10.3.4.2.2. By Propulsion Type Market Share Analysis

10.3.4.2.3. By Component Type Market Share Analysis

10.3.4.2.4. By Level of Autonomy Market Share Analysis

11. SWOT Analysis

11.1. Strength

11.2. Weakness

11.3. Opportunities

11.4. Threats

12. Market Dynamics

12.1. Market Drivers

12.2. Market Challenges

13. Market Trends and Developments

14. Competitive Landscape

14.1. Company Profiles (Up to 10 Major Companies)

14.1.1. AB Volvo

14.1.1.1. Company Details

14.1.1.2. Key Product Offered

14.1.1.3. Financials (As Per Availability)

14.1.1.4. Recent Developments

14.1.1.5. Key Management Personnel

14.1.2. Mercedes Benz Group

14.1.2.1. Company Details

14.1.2.2. Key Product Offered

14.1.2.3. Financials (As Per Availability)

14.1.2.4. Recent Developments

14.1.2.5. Key Management Personnel

14.1.3. Traton SE

14.1.3.1. Company Details

14.1.3.2. Key Product Offered

14.1.3.3. Financials (As Per Availability)

14.1.3.4. Recent Developments

14.1.3.5. Key Management Personnel

14.1.4. Fabu Technology

14.1.4.1. Company Details

14.1.4.2. Key Product Offered

14.1.4.3. Financials (As Per Availability)

14.1.4.4. Recent Developments

14.1.4.5. Key Management Personnel

14.1.5. Tesla Inc.

14.1.5.1. Company Details

14.1.5.2. Key Product Offered

14.1.5.3. Financials (As Per Availability)

14.1.5.4. Recent Developments

14.1.5.5. Key Management Personnel

14.1.6. Paccar Inc

14.1.6.1. Company Details

14.1.6.2. Key Product Offered

14.1.6.3. Financials (As Per Availability)

14.1.6.4. Recent Developments

14.1.6.5. Key Management Personnel

14.1.7. BYD Co. Ltd.

14.1.7.1. Company Details

14.1.7.2. Key Product Offered

14.1.7.3. Financials (As Per Availability)

14.1.7.4. Recent Developments

14.1.7.5. Key Management Personnel

14.1.8. Einride

14.1.8.1. Company Details

14.1.8.2. Key Product Offered

14.1.8.3. Financials (As Per Availability)

14.1.8.4. Recent Developments

14.1.8.5. Key Management Personnel

14.1.9. TuSimple

14.1.9.1. Company Details

14.1.9.2. Key Product Offered

14.1.9.3. Financials (As Per Availability)

14.1.9.4. Recent Developments

14.1.9.5. Key Management Personnel

14.1.10. Embark

14.1.10.1. Company Details

14.1.10.2. Key Product Offered

14.1.10.3. Financials (As Per Availability)

14.1.10.4. Recent Developments

14.1.10.5. Key Management Personnel

15. Strategic Recommendations

15.1. Key Focus Areas

15.1.1. Target Regions & Countries

15.1.2. Target Vehicle Type

15.1.3. Target Component Type

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What was the market size of the Global Autonomous Truck Market in 2023?

The market size of the Global Autonomous Truck Market was estimated to be USD 19 billion in 2023.

Which was the dominant segment by propulsion type in the Global Autonomous Truck Market in 2022?

Which is the dominant region in the Global Autonomous Truck Market?

North America is the market leader for self-driving trucks. Although autonomous trucks are still in their early stages of adoption in regions such as Europe and Asia Pacific, North America is currently the largest market due to the availability of infrastructure and significant technology companies entering the autonomous driving segment. The increasing electrification of automobiles because of infrastructure development by businesses such as Tesla is also boosting the industry in North America. The use of x-by-wire technology in electric cars is assisting in the advancement of autonomous driving.

What are the major drivers for the Global Autonomous Truck Market?

Safety Enhancement and Accident Reduction, Operational Efficiency and Cost Savings and Technological Advancements and AI Development are the major drivers for the Global Autonomous Truck Market.

Related Reports

Srishti Verma

Business Consultant

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Press Release

Global Autonomous Truck Market to Grow with a CAGR of 7.16% through 2028

Oct, 2023

Rise in the demand of technological enhancement and AI Adoption, Safety enhancement, operational efficiency and cost saving are factors driving the Global Autonomous Truck Market in the forecast peri

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