Autonomous Trucks Market Analysis by 2026; Demand Sluggish Witnessed from End-use Industries Due to COVID-19 Crisis
Industry Trends
Autonomous trucks possess all of the features present in traditional trucks, however with a certain level of upgrades. The self-driving system utilizes, among other things, LIDAR (laser radar), infrared radars, advanced movement sensors, cameras, extremely precise sensors, and complicated algorithms that enable the truck to drive autonomously. Furthermore, during the forecast period, the autonomous truck market is expected to show notable development due to government authorities’ efforts for decongesting traffic. Because of the increasing penetration of sophisticated technology in commercial vehicles, the global autonomous truck market is anticipated to develop at a substantial pace.
It is projected that growing shipment volumes at a fast rate will drive the sales of autonomous trucks and promote investments by manufacturers or new entrants. Increasing driver labor costs will generate opportunities for autonomous trucks, which are based on techniques with minimal human input to eliminate mistakes and damage, particularly in emerging markets. In addition, shifting manufacturing activities to developing nations and increasing economic growth would lead to a rise in autonomous truck sales. There will therefore be opportunities in the market for fresh entrants. However, enhanced fuel efficiency requirements and rigid regulation of poor fuel emissions will be the biggest challenge for manufacturers in the sector
Due to the existence of ADAS (sophisticated driver aid systems) in these cars and the growing awareness of taking needed safety precautions among customers, the limited self-driving automation or semi-autonomous trucks segment presently dominates the autonomous truck market. However, governments' growing attempts to encourage the use of fully autonomous trucks are anticipated to fuel the full autonomous truck segment towards the end of the forecast period.
For More Details Contact Us@ [email protected]
North America's market is anticipated to grow during the forecast period at a substantial pace. This is ascribed to the region's elevated technology adoption rate and OEMs growing attempts to develop and implement autonomous trucks in the region. The startup Embark, for example, has created autonomous trucks that are being used in California to transport refrigerators. The autonomous truck of Uber is used to transport beer cases across Colorado. It is also anticipated that the industry in Europe will grow at a significant pace in the near future due to the growing attempts made by OEMs and the European Union to create and introduce autonomous trucks in this region.
Autonomous Trucks Market Revenue & Forecast, (US$ Million), 2015 – 2027
Competitive Landscape
The report provides both, qualitative and quantitative research of autonomous trucks market, as well as provides comprehensive insights and development methods adopted by the key contenders. The report also offers extensive research on the key players in this market and details on the competitiveness of these players. Key business strategies such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts adopted by these major market participants are also recognized and analysed in the report. For each company, the report studies their global presence, competitors, service offerings and specification amongst others.
The primary industry players include: BMW AG, AB Volvo, Ford Motor Co., General Motor Company, Robert Bosch GmbH, Delphi Automotive PLC, Google Inc, Uber Technologies Inc., Tesla Inc., Volkswagen AG, Embark Trucks.
Because of the increasing penetration of sophisticated technology in commercial vehicles, the global autonomous truck market is anticipated to develop at a substantial pace. Furthermore, leading truck manufacturers are purchasing robotics firms to develop autonomous truck technology.
Autonomous Trucks Market:
By Autonomous Level: Semi-Autonomous, Full-Autonomous
By Sensor Type: Radar, LiDAR, Camera, Ultrasonic
By Vertical: Logistics, Construction & Manufacturing, Mining, Port
By Geography:
North America: (U.S, Canada, Mexico, Rest of North America)
Europe: (France, The UK, Spain, Germany, Italy)
Nordic Countries: (Denmark, Finland, Iceland, Sweden, Norway)
Benelux Union: (Belgium, The Netherlands, Luxembourg, Rest of Europe)
Asia Pacific:(China, Japan, India, New Zealand, Australia, South Korea)
Southeast Asia: (Indonesia, Thailand, Singapore)
Rest of Southeast Asia
Middle East and Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of Middle East and Africa)
Latin America: (Brazil, Argentina, Rest of Latina America)
For TOC and Reports Related Enquiry Mail Us@ [email protected]
About Us:
GQ Market Reports is a company that is creating cutting edge, futuristic and informative reports in many different areas. Some of the most common areas where we generate reports are industry reports, country reports, company reports and everything in between. At Si market research, we give our clients the best reports that can be made in the market. Our reports are not only about market statistics, but they also contain a lot of information about new and niche company profiles.
Contact Details:
+91 92843 95731