Global Autonomous Trucks Market research report 2023 offers in-depth assessment of revenue growth, market definition, segmentation, industry potential, influential trends for understanding the future outlook and current prospects for the market.
This study provides information about the sales and revenue during the historic and forecasted period of (2021 to 2028). Understanding the segments helps in identifying the importance of different factors that aid market growth. Estimations about the CAGR value for specific forecast period, market drivers, market restraints, and competitive strategies are assessed in this Autonomous Trucks Market report.
The size of the global autonomous truck market was $ 1,074.70 million in 2019 and is expected to reach $ 2,013.34 million by 2027, with a 12.6% CAGR over the forecast period.
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Important Features that are under Offering and Key Highlights of the Market Report:
- Detailed overview of the global market share
- Changing market dynamics of the industry
- In-depth market segmentation by Type, Application, etc.
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape of Autonomous Trucks Market
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising market growth
Drivers & Restraints
The adoption of advanced driver assistance technologies (ADAS) has significantly improved safety on highways, according to a study conducted by the Federal Motor Carrier Safety Administration in collaboration with trucking industry leaders. An example includes J.B. Hunt, a leading for-hire carrier in the US, which has equipped 98% of its vehicles with a forward-collision warning system and lane departure warning along with dash cameras on 84% of its class 8 trucks. The implementation of such technologies has enabled a 50% reduction in rear-end crashes and an increase in asset uptime and driver retention.
Key players covered in the global Autonomous Trucks Market research report:
- TuSimple, Inc. (San Diego, US)
- Waymo LLC (Mountain View, US)
- Embark Trucks (San Francisco, US)
- Tesla (California, US)
- Caterpillar (Illinois, US)
- AB Volvo (Gothenburg, Sweden)
- Daimler AG (Stuttgart, Germany)
- Continental AG (Hanover, Germany)
- Robert Bosch GmbH (Stuttgart, Germany)
- NVIDIA Corporation (Santa Clara, US)
- Aptiv (Dublin, Ireland)
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Major Table of Contents for Autonomous Trucks Market Research Report:
- Executive Summary
- Market Dynamics
- Key Market Growth Insights
- Global Market Analysis, Insights and Forecast, 2017-2028
- North America Market Analysis, Insights and Forecast, 2017-2028
- Europe Market Analysis, Insights and Forecast, 2017-2028
- Asia Pacific Market Analysis, Insights and Forecast, 2017-2028
- The Middle East and Africa Market Analysis, Insights and Forecast, 2017-2028
- Latin America Market Analysis, Insights and Forecast, 2017-2028
- Competitive Landscape
- Global Autonomous Trucks Market Revenue Growth, Industry Share Analysis, By Key Players, 2021
- Company Profiles
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