The global automated truck market is valued at US$ 381.32 million in 2023 and is set to swell to a size of US$ 2.78 billion by 2033, rising at an astonishing CAGR of 22% from 2023 to 2033 (forecast period). Automated trucks, also known as self-driving or autonomous trucks, are vehicles that can operate without direct human intervention. These trucks are outfitted with modern technologies such as sensors, cameras, radar systems, and computer algorithms, allowing them to perceive their surroundings, navigate, and make driving decisions without the need for human intervention.
Automated trucks have the potential to transform the transportation industry by boosting efficiency, increasing safety, and lowering costs. They have the ability to minimize human errors, fatigue-related issues, and driver shortages. The offer in this portion accompanies many open doors including fabricating items, appropriation, retail, and showcasing administrations. Broad rounds of essential and far reaching optional exploration have been utilized by the examiners at Fact.MR to show up at different assessments and projections for Demand of Automated Truck Market both at worldwide and provincial levels.
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Market Players: –
- AB Volvo
- Uber Technologies Inc
- Daimler AG
- Ford Motor Co
- Tesla Inc
- Aptiv
- BMW AG
The examiners have utilized various vast conspicuous business knowledge devices to unite realities, figures, and market information into income assessments and projections in the Market.
Competitive Landscape
Key players in the automated truck market are focusing on collaborations, acquisitions, investments, R&D activities, and technological innovations to grow and reinforce their market presence.
- Daimler Trucks unveiled a new industry standard scalable truck platform for autonomous driving in 2021, capable of producing ASE level 4 autonomous trucks with advanced systems for added safety.
- Daimler and Waymo collaborated in October 2020 to develop completely driverless semi-trucks. This strategic collaboration allows Daimler to incorporate Waymo’s autonomous driving technology into the company’s vehicles.
Key Segments of Automated Truck Industry Research
- By Sensor Type :
- Ultrasonic
- Radars
- Cameras
- LiDAR
- By Level of Autonomy :
- Level 1
- Level 2
- Level 3
- Level 4
- Level 5
- By Propulsion :
- Diesel
- Electric
- Gasoline
- Hybrid
- By Truck Type :
- Light Duty Trucks
- Medium Duty Trucks
- Heavy Duty Trucks
- By ADAS Feature :
- Adaptive Cruise Control
- Lane Keep Assist
- Automatic Emergency Braking
- Blind Spot Detection
- Intelligent Park Assist
- Highway Pilot
- Traffic Jam Assist
- By End Use :
- Mining
- Logistics
What Do You Get in a Fact.MR Study?
- Factors affecting the overall development of the global Automated Truck Market
- Factor that might restrain the growth of the global market in the coming years of the forecast period.
- What is present competitive scenario of the global Automated Truck Market and its intricate details concerning potential business prospects of leading market players
- Pricing strategies of several different market players in the global Automated Truck Market
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Japan
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)