Autonomous Trucks Market Size, Share & Analysis

Report Code AT 7660
Published in Jul, 2024, By MarketsandMarkets™
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Autonomous Trucks Market by LoA (L1, L2/ L3, L4 & L5), Vehicle Type, Propulsion (Diesel, Electric, Hybrid), ADAS Features, Vehicle Class, Application, Sensor Type and Region - Global Forecast to 2035

Overview

The global autonomous trucks market size was valued at USD 40.7 billion in 2024 and is expected to reach USD 179.9 billion by 2035, at a CAGR of 14.4%. The autonomous trucks market is witnessing robust growth driven by increasing demand for autonomous vehicles and innovation around advance driving technologies may drive the market for autonomous trucks.

Attractive Opportunities in the Autonomous Trucks Market

North America

Market growth in North America is attributed to the increasing demand of trucks and buses with intelligent features and safety features.

The autonomous rucks market is experiencing rapid growth driven by increase penetration of electric and autonomous vehicles.

The market in North America is projected to reach USD 65.4 billion by 2035 growing at CAGR of 14.8% during the forecast period..

The autonomous trucks market in the US is experiencing revenue growth driven by the rising demand in Trucks and Buses with comfort and safety features.

The strong push of Government regulations mandating the installation of advance driving feature in commercial vehicles is expected to drive market growth

Global Autonomous Trucks Market Dynamics

DRIVER: Rising adoption of automation technology

Automation is another major driver in the industry. The automotive industry is transitioning to provide higher levels of automation, with self-driving technologies enabling vehicles to function safely and effectively. Key components of autonomous driving technology include adaptive cruise control, lane keep assistance, and automatic emergency braking. These features enhance vehicle safety and help move it closer to full autonomy. Furthermore, the more investment car companies put into developing self-driving technologies, the more sophisticated sensors, cameras, radars, and software become in buses and trucks to perceive and react to their environment. Investments, partnerships, and technological progress that foster innovation have, therefore, been spurred on by increasing demand for the manufacture of autonomous vehicles. OEMs are working with many Tier 1 suppliers to design and integrate ADAS. For instance, Magna International in Canada and Robert Bosch GmbH in Germany are working on such a mission. Magna International last month launched its ClearView vision system on the Ram 2500 and 3500 heavy-duty pickup trucks, systems it said improved parking and maneuvering features.

RESTRAINT: Lack of infrastructure in developing countries

The insufficient infrastructure is a major obstacle for the widespread use of advanced driver features in the autonomous trucks market. Although these technologies show potential progress in automotive safety and efficiency, their success greatly depends on complementary infrastructure, specifically communication networks and road infrastructure. Autonomous trucks require essential infrastructure such as clearly labeled roads, lane markers, and GPS connectivity in order to operate efficiently. Good connectivity infrastructure is essential for efficient functioning of vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2X) communications. Information such as lane changes, object detection, vehicle distances, traffic updates, and navigation and connectivity services are essential for advanced vehicles on highways. Nevertheless, due to the restricted network connections on highways, autonomous trucks may not always be able to access cloud data. In developing nations like Mexico, Brazil, and India, the progress of IT infrastructure on highways is lagging behind that of more advanced countries. Insufficient infrastructure could restrict the capabilities of autonomous trucks, like V2I communication and real-time traffic data integration, making them less effective.

OPPORTUNITY: Surge in demand for truck platooning

Truck platooning is a convoy of commercial vehicles that are closely controlled to travel in coordination with the help of connectivity technologies, autonomous driving systems, and artificial intelligence. The first vehicle is a leader for the entire platoon; all subsequent vehicles can move at varying speeds and change lanes according to the leader's behavior, requiring minimal driver intervention. The design of autonomous truck platooning is coming along with an increasing demand for fuel efficiency and the need to solve traffic congestion. Adaptive cruise control between platooning trucks enhances fuel economy by allowing the trucks to travel at a constant speed while maintaining close following distances. Other benefits of platooning include reducing traffic congestion by allowing other vehicles on the road and providing a smooth traffic flow on busy routes.

CHALLENGE: Regulatory hurdles

There is a massive influence from the evolving regulatory framework on the autonomous trucks market. The governments of most countries in the world have been developing regulations dealing with the safety standards in commercial vehicles, which shall be the key driver for the transformation of this market. For instance, the accident of a self-driving car in the US (August 2023) that resulted in a fatality can be an excellent example to understand these problems. A series of lawsuits and court proceedings will follow as autonomous trucks gain traction in the market. New safety and infrastructural regulations are being developed concerning new technologies in shuttles, buses, and last-mile delivery trucks. Buses are another area where OEMs, software providers, and Tier I suppliers focus on developing automated driving systems. However, there are still several issues at large in terms of how successfully a self-driving bus and truck can be introduced into it, among them the legislative environment. What defines an adequate functioning level for autonomous trucks is a legal framework that specifies accident liability, insurance premiums, technology failure responsibility, driver training, and others.

Global Autonomous Trucks Market Ecosystem Analysis

In the market ecosystem, component providers supply crucial elements such as semiconductors, sensors, software, processors, and controllers used in vehicle radar and sensing systems, alongside control modules and power electronics for automated driving and safety systems. Leading Tier 1 providers such as Robert Bosch GmbH (Germany), Denso Corporation (Japan), Continental AG (Germany), ZF Friedrichshafen AG (Germany), and Valeo (France) play pivotal roles in integrating autonomous features into bus and truck models through partnerships and agreements with component manufacturers and technology providers. Software companies within the ecosystem collaborate with these providers or develop their systems to enhance ADAS functionalities.

 

LiDAR segment is estimated to exhibit the fastest growth in autonomous trucks market

Laser imaging detection and ranging (LiDAR) technology employs laser beams to measure the distance from an object, operating on a principle similar to radar sensors. LiDAR sensors find application in systems such as adaptive cruise control, collision avoidance, and night vision. Unlike radar, LiDAR utilizes shorter wavelengths, enabling effective detection of nonmetallic objects and those with weaker reflections. Its angular resolution is precise, achieving sub-degree accuracy both horizontally and vertically, owing to its utilization of short wavelengths and pulses. This characteristic renders LiDAR well-suited for high-resolution 3D environment mapping, facilitating accurate detection of free spaces, boundaries, and vehicle localization. Consequently, LiDAR plays a pivotal role in achieving L3 and higher autonomy levels. Innovative LiDAR technologies such as solid-state LIDAR, MEMS LIDAR, and electronically scanning LIDAR have emerged in recent years. These advancements aim to enhance the suitability of LIDAR for automotive applications in terms of size, cost, and robustness. While these technologies present improvements over traditional mechanical rotating LiDAR, further maturation is required to align with the maturity level of other ADAS sensors. The increasing traffic congestion, growing demand for roadways and vehicle safety systems, and the rising preference for semi-autonomous and autonomous vehicles drive the demand for LiDAR system sensors.

Last-mile Delivery Truck segment is expected to have significant growth in autonomous trucks market during the forecast period

The growth of e-commerce has significantly increased the demand for efficient and reliable last-mile delivery solutions. Last-mile delivery trucks play a crucial role in logistics, transporting goods from distribution centers or facilities to end-users. To meet this rising demand, autonomous trucks are being increasingly adopted. These vehicles can operate longer hours without fatigue and help reduce operational costs, making them an attractive option for the logistics industry. Autonomous trucks are witnessing high demand due to the expansion of the e-commerce sector. The primary goal is to deliver goods to consumers on time and reduce delivery costs for companies. In the US, continuous efforts are underway to develop next-generation drone and ground delivery vehicle technologies. These innovations are expected to expand last-mile delivery options in rural and urban areas, enhancing the efficiency and reach of delivery services. Companies are investing heavily in advanced sensor systems, machine learning algorithms, and real-time data analytics to improve the safety and efficiency of autonomous delivery trucks. For instance, the integration of AI-driven route optimization tools helps in planning the most efficient delivery paths, reducing fuel consumption and delivery times.L2 and L3 segment is expected to see largest growth in market during the forecast periodLevel 2 automation is called partial automation. In Level 2 semi-autonomous trucks, the system can take control or assist in acceleration, steering, and braking in certain circumstances. The driver needs to monitor the driving environment, perform safety-critical functions, perform dynamic driving tasks, and always be ready to take control of the truck. In addition to the ADAS features integrated into level 1 autonomous trucks, level 2 automation offers additional features such as TJA, automated platooning, and Intelligent Park Assist (IPA). Level 3 automation is called conditional automation. The major difference between level 2 and level 3 semi-autonomous trucks is that the system monitors the driving environment and executes acceleration and steering. However, the driver still needs to perform dynamic driving tasks. The driving environment is monitored with the help of sensors such as LIDAR and radar. The data from LIDAR is used to create localization and mapping. About 1 or 2 LIDARs can be used in a level 3 semi-autonomous truck. The 3D LIDARs manufactured by Velodyne have a 360-degree field of view (FoV). Hence, one LIDAR is sufficient to monitor the surroundings. In addition to some of the features offered in level 1 and level 2, level 3 semi-autonomous trucks are integrated with ADAS features such as highway pilot, co-pilot, and highly automated truck platooning. The production of level 3 semi-autonomous trucks is currently in the development phase. However, speedy R&D activities and increasing investments from the industry are expected to boost the segment.

Europe region holds the largest share of the autonomous trucks market.

The automotive sector in Europe boasts 322 automobile assembly and production plants across the region. Among these, 71 focus on buses and 56 on trucks, as of August 2023. Despite the recent global automotive slowdown, the European automotive market has demonstrated consistent growth over the past six years. In January 2024, the European Union's new vehicle market rebounded with a robust 12.1% year-on-year increase in registrations, totaling 851,690 units, following a slowdown in December 2023. Leading European automobile manufacturers have been offering high-performance engines and advanced safety features to maintain competitiveness, which are crucial for the development of autonomous trucks.

 
 

Recent Developments of Autonomous Trucks Market industry

  • In March 2024, MAN Truck & Bus SE partnered with TRATON GROUP, Scania, Navistar International Inc., and PlusAI, Inc. for autonomous driving for trucks. In February 2024, MAN Truck & Bus SE expanded its logistics center in Salzgitter, Germany, strengthening its global service parts network. In January 2024, Daimler Truck AG partnered with Aeva Inc. and Torc Robotics to commercialize self-driving vehicle technology to equip its series-produced autonomous trucks with Aeva Inc.'s advanced 4D LiDAR sensors. In December 2023, Demy Schandeler and AB Volvo entered into a contract for fifteen e-buses to upgrade the present Volvo 7900 Electric, which are scheduled for delivery in the first half of 2025. In October 2023, Hyundai Motor Company and Iveco S.p.A collaborated to develop and deploy electric heavy-duty trucks in Europe, focusing on autonomous driving technologies. In September 2023, AB Volvo partnered with Boliden to integrate autonomous transport solutions into mining operations.
  • In July 2023, IVECO S.p.A and PlusAI, Inc. announced that the IVECO S-Way truck, equipped with PlusDrive, is operational on public roads in Germany. In June 2023, Aurora Innovation Inc. launched the Aurora Multi-Sensor Dataset, a large-scale multi-sensor dataset in collaboration with the University of Toronto. In May 2023, Daimler Truck AG, Mitsubishi Fuso Truck and Bus Corporation, Hino Motors Ltd., and Toyota Motor Corporation signed an MoU. In April 2023, Continental AG and Aurora Innovation Inc. have entered an exclusive partnership to manufacture future generations of Aurora’s flagship integrated hardware and software systems, such as Aurora Driving, aiming for commercial scalability. In February 2023, AB Volvo Venture Capital AB invested in Waabi Innovation Inc. to transform the freight transportation sector by accelerating the development and deployment of cutting-edge autonomous trucking solutions.

Key Market Players

KEY PLAYERS IN THE Autonomous Trucks Market INCLUDE

Scope of the Report

Report Attribute Details
Market size available for years 2019–2035
Base year considered 2024
Forecast period 2024-2035
Forecast units Value (USD Million)
Segments covered By Vehicle type, By Vehicle class, Propulsion Type, By ADAS features, By Application, By Sensor type, By Level of autonomy, and Region
Geographies covered Asia Pacific, Europe, North America, and Rest Of The World
Companies Covered Daimler Truck AG (Germany), AB Volvo (Sweden), NVIDIA Corporation (US), Robert Bosch GmbH (Germany), PlusAI, Inc. (US) Continental AG (Germany), Denso Corporation (Japan), More than 25 major players are covered under the report.

 

Key Questions Addressed by the Report

What is the current size of the autonomous trucks market?
The autonomous trucks market size is estimated to be USD 40.7 Billion in 2024 and expected to reach USD 179.9 Billion by 2035.
Who are the winners in the autonomous trucks market?
The autonomous trucks market is dominated by major players such as: Daimler Truck AG (Germany), AB Volvo (Sweden), Scania (Sweden), Robert Bosch (Germany), Continental AG (Germany), Denso Corporation (Japan), and Aurora Innovation Inc. (US).
What are the new market trends impacting the growth of the autonomous trucks market?
New market trends include the inclusion of Artificial Intelligence (AI) and Machine Learning (ML) to enhance the safety and intuitiveness of current ADAS features, and innovations in sensor technology.
Which region is expected to be the largest market during the forecast period?
Asia Pacific is anticipated to be the largest market for autonomous trucks due to the increasing adoption of electric and autonomous commercial vehicles in the region.
What is the total CAGR expected to be recorded for the autonomous trucks market during 2024-2035?
The CAGR is expected to record 14.4% from 2024 to 2035.

 

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Table of Contents

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TITLE
PAGE NO
INTRODUCTION
31
RESEARCH METHODOLOGY
41
EXECUTIVE SUMMARY
59
PREMIUM INSIGHTS
63
MARKET OVERVIEW
68
  • 5.1 INTRODUCTION
  • 5.2 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • 5.3 MARKET DYNAMICS
    DRIVERS
    - Increasing emphasis on road safety and traffic control
    - Growing need to address driver shortage
    - Rising adoption of automation technology
    - Favorable government regulations and safety standards
    RESTRAINTS
    - Cybersecurity and data security concerns
    - Limited public reception
    - Lack of infrastructure in developing countries
    OPPORTUNITIES
    - Growing integration of 5G technology
    - Increasing utilization of advanced technologies
    - Surge in demand for truck platooning
    - Rising focus on automotive IoT
    CHALLENGES
    - High cost of development and integration
    - Regulatory hurdles
  • 5.4 ECOSYSTEM ANALYSIS
  • 5.5 VALUE CHAIN ANALYSIS
  • 5.6 TOTAL COST OF OWNERSHIP
  • 5.7 BILL OF MATERIALS ANALYSIS
    BILL OF MATERIALS ANALYSIS FOR SEMI-AUTONOMOUS & AUTONOMOUS BUSES
    BILL OF MATERIALS ANALYSIS FOR SEMI-AUTONOMOUS & AUTONOMOUS TRUCKS
  • 5.8 PRICING ANALYSIS
    AVERAGE SELLING PRICE, BY SENSOR TYPE
    AVERAGE SELLING PRICE FOR VEHICLE TYPE, BY REGION
  • 5.9 INVESTMENT SCENARIO
  • 5.10 PATENT ANALYSIS
  • 5.11 TECHNOLOGY ANALYSIS
    INTRODUCTION
    KEY TECHNOLOGIES
    - Artificial intelligence
    - Sensor fusion
    COMPLIMENTARY TECHNOLOGIES
    - Vehicle-to-everything
    - Automotive IoT
    - Cooperative adaptive cruise control
    ADJACENT TECHNOLOGIES
    - Simultaneous localization and mapping
  • 5.12 REGULATORY LANDSCAPE
    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • 5.13 TRADE DATA ANALYSIS
  • 5.14 KEY CONFERENCES AND EVENTS
  • 5.15 KEY STAKEHOLDERS AND BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
  • 5.16 CASE STUDY ANALYSIS
    IMPLEMENTATION OF SHARED AUTOMATED ELECTRIC VEHICLES WITH AVENUE PROJECT
    INSTALLATION OF CAVSTAR AUTONOMOUS DRIVE SYSTEM FOR SAFE AND EFFICIENT PUBLIC TRANSPORT
    ENHANCED DEVELOPMENT OF AUTONOMOUS DRIVING TECHNOLOGY WITH DIGITAL PLATFORM
    IMPROVED AUTONOMOUS VEHICLES USING TELEOPERATED DRIVERLESS PROCESS
AUTONOMOUS TRUCKS MARKET, BY APPLICATION
122
  • 6.1 INTRODUCTION
  • 6.2 SHUTTLES
    GROWING NEED FOR REDUCED COMPLEXITY IN OPERATIONS TO DRIVE MARKET
  • 6.3 INTERCITY/INTRACITY BUSES
    NEED FOR EFFICIENT, RELIABLE, AND SAFE TRANSPORTATION IN DENSELY POPULATED AREAS TO DRIVE MARKET
  • 6.4 LAST-MILE DELIVERY TRUCKS
    BOOMING E-COMMERCE MARKET TO DRIVE MARKET
  • 6.5 MINING TRUCKS
    INCREASING INCLINATION TOWARD AUTOMATION TO DRIVE MARKET
  • 6.6 KEY INDUSTRY INSIGHTS
AUTONOMOUS TRUCKS MARKET, BY ADAS FEATURES
132
  • 7.1 INTRODUCTION
  • 7.2 ADAPTIVE CRUISE CONTROL
    RISING INTEGRATION INTO VEHICLE MODELS BY AUTOMOBILE MANUFACTURERS TO DRIVE MARKET
  • 7.3 AUTOMATIC EMERGENCY BRAKING
    SURGE IN IMPLEMENTATION OF AUTOMOTIVE SAFETY STANDARDS AND REGULATORY MEASURES TO DRIVE MARKET
  • 7.4 BLIND SPOT DETECTION
    INCREASING FOCUS ON PREVENTING ACCIDENTS TO DRIVE MARKET
  • 7.5 INTELLIGENT PARK ASSIST
    SURGE IN DEMAND FOR CONVENIENT PARKING IN LIMITED SPACES TO DRIVE MARKET
  • 7.6 TRAFFIC JAM ASSIST
    GROWING TREND TOWARD VEHICLE AUTOMATION TO DRIVE MARKET
  • 7.7 LANE KEEP ASSIST
    RISING NEED TO MAINTAIN LANE DISCIPLINE TO DRIVE MARKET
  • 7.8 HIGHWAY PILOT
    GROWING ADOPTION IN COMMERCIAL VEHICLE INDUSTRY TO DRIVE MARKET
AUTONOMOUS TRUCKS MARKET, BY LEVEL OF AUTONOMY
138
  • 8.1 INTRODUCTION
  • 8.2 L1
    RISE IN SAFETY REGULATIONS FROM GOVERNMENTS WORLDWIDE TO DRIVE MARKET
  • 8.3 L2 AND L3
    SURGE IN R&D INVESTMENTS TO DRIVE MARKET
  • 8.4 L4
    INCREASING NEED TO OPERATE VEHICLES WITHOUT HUMAN INTERVENTION TO DRIVE MARKET
  • 8.5 L5
    GROWING ADVANCEMENTS IN SENSOR TECHNOLOGY TO DRIVE MARKET
  • 8.6 KEY PRIMARY INSIGHTS
AUTONOMOUS TRUCKS MARKET, BY PROPULSION TYPE
147
  • 9.1 INTRODUCTION
  • 9.2 DIESEL
    INCREASING USE OF LONG-HAUL TRUCKING AND LARGE PUBLIC TRANSPORT BUSES TO DRIVE MARKET
  • 9.3 ELECTRIC
    RISING NEED FOR REDUCED NOISE POLLUTION AND GREENHOUSE GAS EMISSIONS TO DRIVE MARKET
  • 9.4 HYBRID
    GROWING CONCERNS ABOUT VEHICLE EFFICIENCY AND EMISSIONS TO DRIVE MARKET
  • 9.5 KEY INDUSTRY INSIGHTS
AUTONOMOUS TRUCKS MARKET, BY SENSOR TYPE
158
  • 10.1 INTRODUCTION
  • 10.2 CAMERAS
    RISING AWARENESS OF SAFETY AMONG CONSUMERS TO DRIVE MARKET
  • 10.3 LIDAR
    GROWING FOCUS ON IMPROVED PERCEPTION AND NIGHT CONTROL FEATURES TO DRIVE MARKET
  • 10.4 RADAR SENSORS
    ADVANCEMENTS IN 4D IMAGING RADAR TECHNOLOGY TO DRIVE MARKET
  • 10.5 ULTRASONIC SENSORS
    INCREASING ADOPTION OF INTELLIGENT PARKING ASSISTANCE, BLIND SPOT DETECTION, AND LANE DEPARTURE FUNCTIONS TO DRIVE MARKET
  • 10.6 KEY PRIMARY INSIGHTS
AUTONOMOUS TRUCKS MARKET, BY VEHICLE CLASS
174
  • 11.1 INTRODUCTION
  • 11.2 CLASS 1–3
    SURGE IN URBANIZATION TO DRIVE MARKET
  • 11.3 CLASS 4–6
    GROWING FOCUS ON IMPROVED DRIVER COMFORT AND FLEET MANAGEMENT TO DRIVE MARKET
  • 11.4 CLASS 7–8
    INCREASING NEED FOR HIGHER LOAD-CARRYING CAPACITY IN LONG HAUL TRANSPORTATION TO DRIVE MARKET
  • 11.5 KEY INDUSTRY INSIGHTS
AUTONOMOUS TRUCKS MARKET, BY VEHICLE TYPE
183
  • 12.1 INTRODUCTION
  • 12.2 BUSES
    GROWING CONCERNS ABOUT TRAFFIC CONGESTION AND AIR POLLUTION TO DRIVE MARKET
  • 12.3 TRUCKS
    RISING FOCUS ON EFFICIENCY AND SAFETY IN LOGISTICS SECTOR TO DRIVE MARKET
  • 12.4 KEY INDUSTRY INSIGHTS
AUTONOMOUS TRUCKS MARKET, BY REGION
192
  • 13.1 INTRODUCTION
  • 13.2 ASIA PACIFIC
    RECESSION IMPACT ANALYSIS
    CHINA
    - Increasing focus on vehicle safety norms to drive market
    JAPAN
    - Favorable government policies to drive market
    INDIA
    - Growing urbanization and infrastructure development to drive market
    SOUTH KOREA
    - Booming smart city initiatives to drive market
  • 13.3 EUROPE
    RECESSION IMPACT ANALYSIS
    FRANCE
    - Surge in adoption of autonomous shuttles to drive market
    GERMANY
    - Presence of leading OEMs to drive market
    ITALY
    - Rising adoption of smart mobility solutions to drive market
    SPAIN
    - Growing focus on L4 autonomy to drive market
    UK
    - Surge in production of autonomous buses and trucks to drive market
  • 13.4 NORTH AMERICA
    RECESSION IMPACT ANALYSIS
    US
    - Growing R&D efforts by leading technology companies to drive market
    CANADA
    - Surge in testing of autonomous driving assistant systems to drive market
    MEXICO
    - Growing focus on integrating advanced automotive technologies to drive market
  • 13.5 REST OF THE WORLD
    RECESSION IMPACT ANALYSIS
    BRAZIL
    - Growing integration of semi-autonomous and autonomous technologies in vehicles to drive market
    RUSSIA
    - Increasing construction of manufacturing facilities to drive market
COMPETITIVE LANDSCAPE
239
  • 14.1 INTRODUCTION
  • 14.2 KEY PLAYER STRATEGIES
  • 14.3 REVENUE ANALYSIS
  • 14.4 MARKET RANKING ANALYSIS
  • 14.5 COMPANY EVALUATION MATRIX: KEY PLAYERS
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT
  • 14.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING
  • 14.7 COMPANY VALUATION AND FINANCIAL METRICS
  • 14.8 BRAND/PRODUCT COMPARISON
  • 14.9 COMPETITIVE SCENARIOS AND TRENDS
    PRODUCT LAUNCHES/DEVELOPMENTS
    DEALS
    EXPANSIONS
    OTHER DEVELOPMENTS
COMPANY PROFILES
263
  • 15.1 ORIGINAL EQUIPMENT MANUFACTURERS
    AB VOLVO
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    DAIMLER TRUCK AG
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    MAN TRUCK & BUS SE
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    IVECO S.P.A.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    PACCAR INC.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    HYUNDAI MOTOR CORPORATION
    - Business overview
    - Recent developments
  • 15.2 SOFTWARE PROVIDERS
    AURORA INNOVATION INC.
    - Business overview
    - Recent developments
    - MnM view
    NVIDIA CORPORATION
    - Business overview
    - Recent developments
    - MnM view
    PLUSAI, INC.
    - Business overview
    - Recent developments
    - MnM view
    CONTINENTAL AG
    - Business overview
    - Recent developments
    - MnM view
    KODIAK ROBOTICS INC.
    - Business overview
    - Recent developments
    - MnM view
    NAVYA
    - Business overview
    - Recent developments
  • 15.3 OTHER PLAYERS
    YUTONG BUS CO., LTD.
    KARSAN
    XIAMEN KING LONG UNITED AUTOMOTIVE INDUSTRY CO., LTD.
    EINRIDE
    WERIDE
    ISUZU MOTORS
    SENSETIME
    EASYMILE
    SCANIA
    ZF FRIEDRICHSHAFEN AG
    UISEE
    COAST AUTONOMOUS
    NAVISTAR INTERNATIONAL INC.
    TUSIMPLE HOLDINGS INC.
    ALEXANDER DENNIS LIMITED
    TOYOTA MOTOR CORPORATION
    TESLA
    ROBERT BOSCH GMBH
RECOMMENDATIONS BY MARKETSANDMARKETS
337
  • 16.1 NORTH AMERICA TO LEAD MARKET
  • 16.2 E-COMMERCE TO INCREASE DEMAND FOR AUTONOMOUS TRUCKS
  • 16.3 GROWING FOCUS ON AUTONOMOUS SHUTTLES FOR PUBLIC TRANSPORT
  • 16.4 CONCLUSION
APPENDIX
339
  • 17.1 KEY INSIGHTS FROM INDUSTRY EXPERTS
  • 17.2 DISCUSSION GUIDE
  • 17.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 17.4 CUSTOMIZATION OPTIONS
    AUTONOMOUS TRUCKS MARKET, BY PROPULSION TYPE AT COUNTRY LEVEL (FOR COUNTRIES NOT COVERED IN THE REPORT)
    AUTONOMOUS TRUCKS MARKET, BY SENSOR TYPE AT COUNTRY LEVEL (FOR COUNTRIES NOT COVERED IN THE REPORT)
    COMPANY INFORMATION
    - Profiling of additional market players (Up to 10)
  • 17.5 RELATED REPORTS
  • 17.6 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 AUTONOMOUS TRUCKS MARKET DEFINITION
  • TABLE 2 MARKET DEFINITION, BY ADAS FEATURES
  • TABLE 3 MARKET DEFINITION, BY LEVEL OF AUTONOMY
  • TABLE 4 MARKET DEFINITION, BY PROPULSION TYPE
  • TABLE 5 MARKET DEFINITION, BY VEHICLE TYPE
  • TABLE 6 MARKET DEFINITION, BY APPLICATION
  • TABLE 7 MARKET DEFINITION, BY SENSOR TYPE
  • TABLE 8 MARKET DEFINITION, BY VEHICLE CLASS
  • TABLE 9 INCLUSIONS AND EXCLUSIONS
  • TABLE 10 USD EXCHANGE RATES, 2018–2023
  • TABLE 11 PRIMARY INTERVIEW PARTICIPANTS
  • TABLE 12 RISK ANALYSIS
  • TABLE 13 IMPACT ANALYSIS OF MARKET DYNAMICS
  • TABLE 14 ROLE OF COMPANIES IN ECOSYSTEM
  • TABLE 15 PRICES OF EV AND ICE TRUCK MODELS, 2023
  • TABLE 16 PRICES OF EV AND ICE BUS MODELS, 2023
  • TABLE 17 BILL OF MATERIALS ANALYSIS FOR SEMI-AUTONOMOUS & AUTONOMOUS BUSES
  • TABLE 18 BILL OF MATERIALS ANALYSIS FOR SEMI-AUTONOMOUS & AUTONOMOUS TRUCKS
  • TABLE 19 AVERAGE SELLING PRICE, BY SENSOR TYPE, 2022–2024 (USD)
  • TABLE 20 AVERAGE SELLING PRICE OF SEMI-AUTONOMOUS & AUTONOMOUS TRUCKS, BY REGION, 2022–2024 (USD)
  • TABLE 21 AVERAGE SELLING PRICE OF SEMI-AUTONOMOUS & AUTONOMOUS TRUCKS, BY REGION, 2022–2024 (USD)
  • TABLE 22 INNOVATIONS AND PATENT REGISTRATIONS, 2022–2024
  • TABLE 23 REGULATIONS AND INITIATIVES
  • TABLE 24 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 25 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 26 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 27 IMPORT DATA FOR HS CODE 8708, BY COUNTRY, 2021–2023 (USD MILLION)
  • TABLE 28 EXPORT DATA FOR HS CODE 8708, BY COUNTRY, 2021–2023 (USD MILLION)
  • TABLE 29 KEY CONFERENCES AND EVENTS, 2024–2025
  • TABLE 30 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY VEHICLE TYPE (%)
  • TABLE 31 KEY BUYING CRITERIA, BY VEHICLE TYPE
  • TABLE 32 MARKET, BY APPLICATION, 2019–2023 (THOUSAND UNITS)
  • TABLE 33 MARKET, BY APPLICATION, 2024–2030 (THOUSAND UNITS)
  • TABLE 34 MARKET, BY APPLICATION, 2031–2035 (THOUSAND UNITS)
  • TABLE 35 SHUTTLES: MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
  • TABLE 36 SHUTTLES: MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
  • TABLE 37 SHUTTLES: MARKET, BY REGION, 2031–2035 (THOUSAND UNITS)
  • TABLE 38 INTERCITY/INTRACITY BUSES: MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
  • TABLE 39 INTERCITY/INTRACITY BUSES: MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
  • TABLE 40 INTERCITY/INTRACITY BUSES: MARKET, BY REGION, 2031–2035 (THOUSAND UNITS)
  • TABLE 41 LAST-MILE DELIVERY TRUCKS: MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
  • TABLE 42 LAST-MILE DELIVERY TRUCKS: MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
  • TABLE 43 LAST-MILE DELIVERY TRUCKS: MARKETS, BY REGION, 2031–2035 (THOUSAND UNITS)
  • TABLE 44 MINING TRUCKS: MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
  • TABLE 45 MINING TRUCKS: MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
  • TABLE 46 MINING TRUCKS: MARKET, BY REGION, 2031–2035 (THOUSAND UNITS)
  • TABLE 47 MARKET, BY LEVEL OF AUTONOMY, 2019–2023 (THOUSAND UNITS)
  • TABLE 48 MARKET, BY LEVEL OF AUTONOMY, 2024–2030 (THOUSAND UNITS)
  • TABLE 49 S MARKET, BY LEVEL OF AUTONOMY, 2031–2035 (THOUSAND UNITS)
  • TABLE 50 L1: MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
  • TABLE 51 L1: MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
  • TABLE 52 L1: MARKET, BY REGION, 2031–2035 (THOUSAND UNITS)
  • TABLE 53 L2 AND L3: MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
  • TABLE 54 L2 AND L3: MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
  • TABLE 55 L2 AND L3: MARKET, BY REGION, 2031–2035 (THOUSAND UNITS)
  • TABLE 56 L4: MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
  • TABLE 57 L4: MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
  • TABLE 58 L4: MARKET, BY REGION, 2031–2035 (THOUSAND UNITS)
  • TABLE 59 L5: MARKET, BY REGION, 2024–2030 (UNITS)
  • TABLE 60 L5: MARKET, BY REGION, 2031–2035 (UNITS)
  • TABLE 61 MARKET, BY PROPULSION TYPE, 2019–2023 (THOUSAND UNITS)
  • TABLE 62 MARKET, BY PROPULSION TYPE, 2024–2030 (THOUSAND UNITS)
  • TABLE 63 MARKET, BY PROPULSION TYPE, 2031–2035 (THOUSAND UNITS)
  • TABLE 64 MARKET, BY PROPULSION TYPE, 2019–2023 (USD MILLION)
  • TABLE 65 MARKET, BY PROPULSION TYPE, 2024–2030 (USD MILLION)
  • TABLE 66 MARKET, BY PROPULSION TYPE, 2031–2035 (USD MILLION)
  • TABLE 67 DIESEL: MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
  • TABLE 68 DIESEL: MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
  • TABLE 69 DIESEL: MARKET, BY REGION, 2031–2035 (THOUSAND UNITS)
  • TABLE 70 DIESEL: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 71 DIESEL: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 72 DIESEL: MARKET, BY REGION, 2031–2035 (USD MILLION)
  • TABLE 73 ELECTRIC: MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
  • TABLE 74 ELECTRIC: MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
  • TABLE 75 ELECTRIC: MARKET, BY REGION, 2031–2035 (THOUSAND UNITS)
  • TABLE 76 ELECTRIC: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 77 ELECTRIC: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 78 ELECTRIC: MARKET, BY REGION, 2031–2035 (USD MILLION)
  • TABLE 79 MARKET, BY SENSOR TYPE, 2019–2023 (THOUSAND UNITS)
  • TABLE 80 MARKET, BY SENSOR TYPE, 2024–2030 (THOUSAND UNITS)
  • TABLE 81 MARKET BY SENSOR TYPE, 2031–2035 (THOUSAND UNITS)
  • TABLE 82 MARKET, BY SENSOR TYPE, 2019–2023 (USD MILLION)
  • TABLE 83 MARKET, BY SENSOR TYPE, 2024–2030 (USD MILLION)
  • TABLE 84 MARKET, BY SENSOR TYPE, 2031–2035 (USD MILLION)
  • TABLE 85 CAMERAS: MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
  • TABLE 86 CAMERAS: MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
  • TABLE 87 CAMERAS: MARKET, BY REGION, 2031–2035 (THOUSAND UNITS)
  • TABLE 88 CAMERAS: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 89 CAMERAS: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 90 CAMERAS: MARKET, BY REGION, 2031–2035 (USD MILLION)
  • TABLE 91 LIDAR: MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
  • TABLE 92 LIDAR: MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
  • TABLE 93 LIDAR: MARKET, BY REGION, 2031–2035 (THOUSAND UNITS)
  • TABLE 94 LIDAR: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 95 LIDAR: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 96 LIDAR: MARKET, BY REGION, 2031–2035 (USD MILLION)
  • TABLE 97 RADAR SENSORS: MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
  • TABLE 98 RADAR SENSORS: MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
  • TABLE 99 RADAR SENSORS: MARKET, BY REGION, 2031–2035 (THOUSAND UNITS)
  • TABLE 100 RADAR SENSORS: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 101 RADAR SENSORS: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 102 RADAR SENSORS: MARKET, BY REGION, 2031–2035 (USD MILLION)
  • TABLE 103 ULTRASONIC SENSORS: MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
  • TABLE 104 ULTRASONIC SENSORS: MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
  • TABLE 105 ULTRASONIC SENSORS: MARKET, BY REGION, 2031–2035 (THOUSAND UNITS)
  • TABLE 106 ULTRASONIC SENSORS: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 107 ULTRASONIC SENSORS: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 108 ULTRASONIC SENSORS: MARKET, BY REGION, 2031–2035 (USD MILLION)
  • TABLE 109 MARKET, BY VEHICLE CLASS, 2019–2023 (THOUSAND UNITS)
  • TABLE 110 MARKET, BY VEHICLE CLASS, 2024–2030 (THOUSAND UNITS)
  • TABLE 111 MARKET, BY VEHICLE CLASS, 2031–2035 (THOUSAND UNITS)
  • TABLE 112 CLASS 1–3: MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
  • TABLE 113 CLASS 1–3: MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
  • TABLE 114 CLASS 1–3: MARKET, BY REGION, 2031–2035 (THOUSAND UNITS)
  • TABLE 115 CLASS 4–6: MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
  • TABLE 116 CLASS 4–6: MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
  • TABLE 117 CLASS 4–6: MARKET, BY REGION, 2031–2035 (THOUSAND UNITS)
  • TABLE 118 CLASS 7–8: MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
  • TABLE 119 CLASS 7–8: MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
  • TABLE 120 CLASS 7–8: MARKET, BY REGION, 2031–2035 (USD MILLION)
  • TABLE 121 MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
  • TABLE 122 MARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND UNITS)
  • TABLE 123 MARKET, BY VEHICLE TYPE, 2031–2035 (THOUSAND UNITS)
  • TABLE 124 MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
  • TABLE 125 MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
  • TABLE 126 MARKET, BY VEHICLE TYPE, 2031–2035 (USD MILLION)
  • TABLE 127 BUSES: MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
  • TABLE 128 BUSES: MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
  • TABLE 129 BUSES: MARKET, BY REGION, 2031–2035 (THOUSAND UNITS)
  • TABLE 130 BUSES: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 131 BUSES: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 132 BUSES: MARKET, BY REGION, 2031–2035 (USD MILLION)
  • TABLE 133 TRUCKS: MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
  • TABLE 134 TRUCKS: MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
  • TABLE 135 TRUCKS: MARKET, BY REGION, 2031–2035 (THOUSAND UNITS)
  • TABLE 136 TRUCKS: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 137 TRUCKS: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 138 TRUCKS: MARKET, BY REGION, 2031–2035 (USD MILLION)
  • TABLE 139 MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
  • TABLE 140 MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
  • TABLE 141 MARKET, BY REGION, 2031–2035 (THOUSAND UNITS)
  • TABLE 142 MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 143 MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 144 MARKET, BY REGION, 2031–2035 (USD MILLION)
  • TABLE 145 ASIA PACIFIC: MARKET, BY COUNTRY, 2019–2023 (THOUSAND UNITS)
  • TABLE 146 ASIA PACIFIC: MARKET, BY COUNTRY, 2024–2030 (THOUSAND UNITS)
  • TABLE 147 ASIA PACIFIC: MARKET, BY COUNTRY, 2031–2035 (THOUSAND UNITS)
  • TABLE 148 ASIA PACIFIC: MARKET, BY COUNTRY, 2019–2023 (USD MILLION)
  • TABLE 149 ASIA PACIFIC: MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
  • TABLE 150 ASIA PACIFIC: MARKET, BY COUNTRY, 2031–2035 (USD MILLION)
  • TABLE 151 CHINA: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
  • TABLE 152 CHINA: MARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND UNITS)
  • TABLE 153 CHINA: MARKET, BY VEHICLE TYPE, 2031–2035 (THOUSAND UNITS)
  • TABLE 154 CHINA: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
  • TABLE 155 CHINA: MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
  • TABLE 156 CHINA: MARKET, BY VEHICLE TYPE, 2031–2035 (USD MILLION)
  • TABLE 157 JAPAN: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
  • TABLE 158 JAPAN: MARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND UNITS)
  • TABLE 159 JAPAN: MARKET, BY VEHICLE TYPE, 2031–2035 (THOUSAND UNITS)
  • TABLE 160 JAPAN: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
  • TABLE 161 JAPAN: MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
  • TABLE 162 JAPAN: MARKET, BY VEHICLE TYPE, 2031–2035 (USD MILLION)
  • TABLE 163 INDIA: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
  • TABLE 164 INDIA: MARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND UNITS)
  • TABLE 165 INDIA: MARKET, BY VEHICLE TYPE, 2031–2035 (THOUSAND UNITS)
  • TABLE 166 INDIA: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
  • TABLE 167 INDIA: MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
  • TABLE 168 INDIA: MARKET, BY VEHICLE TYPE, 2031–2035 (USD MILLION)
  • TABLE 169 SOUTH KOREA: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
  • TABLE 170 SOUTH KOREA: MARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND UNITS)
  • TABLE 171 SOUTH KOREA: MARKET, BY VEHICLE TYPE, 2031–2035 (THOUSAND UNITS)
  • TABLE 172 SOUTH KOREA: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
  • TABLE 173 SOUTH KOREA: MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
  • TABLE 174 SOUTH KOREA: MARKET, BY VEHICLE TYPE, 2031–2035 (USD MILLION)
  • TABLE 175 EUROPE: MARKET, BY COUNTRY, 2019–2023 (THOUSAND UNITS)
  • TABLE 176 EUROPE: MARKET, BY COUNTRY, 2024–2030 (THOUSAND UNITS)
  • TABLE 177 EUROPE: MARKET, BY COUNTRY, 2031–2035 (THOUSAND UNITS)
  • TABLE 178 EUROPE: MARKET, BY COUNTRY, 2019–2023 (USD MILLION)
  • TABLE 179 EUROPE: MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
  • TABLE 180 EUROPE: MARKET, BY COUNTRY, 2031–2035 (USD MILLION)
  • TABLE 181 FRANCE: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
  • TABLE 182 FRANCE: MARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND UNITS)
  • TABLE 183 FRANCE: MARKET, BY VEHICLE TYPE, 2031–2035 (THOUSAND UNITS)
  • TABLE 184 FRANCE: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
  • TABLE 185 FRANCE: MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
  • TABLE 186 FRANCE: MARKET, BY VEHICLE TYPE, 2031–2035 (USD MILLION)
  • TABLE 187 GERMANY: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
  • TABLE 188 GERMANY: MARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND UNITS)
  • TABLE 189 GERMANY: MARKET, BY VEHICLE TYPE, 2031–2035 (THOUSAND UNITS)
  • TABLE 190 GERMANY: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
  • TABLE 191 GERMANY: MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
  • TABLE 192 GERMANY: MARKET, BY VEHICLE TYPE, 2031–2035 (USD MILLION)
  • TABLE 193 ITALY: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
  • TABLE 194 ITALY: MARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND UNITS)
  • TABLE 195 ITALY: MARKET, BY VEHICLE TYPE, 2031–2035 (THOUSAND UNITS)
  • TABLE 196 ITALY: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
  • TABLE 197 ITALY: MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
  • TABLE 198 ITALY: MARKET, BY VEHICLE TYPE, 2031–2035 (USD MILLION)
  • TABLE 199 SPAIN: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
  • TABLE 200 SPAIN: MARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND UNITS)
  • TABLE 201 SPAIN: MARKET, BY VEHICLE TYPE, 2031–2035 (THOUSAND UNITS)
  • TABLE 202 SPAIN: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
  • TABLE 203 SPAIN: MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
  • TABLE 204 SPAIN: MARKET, BY VEHICLE TYPE, 2031–2035 (USD MILLION)
  • TABLE 205 UK: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
  • TABLE 206 UK: MARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND UNITS)
  • TABLE 207 UK: MARKET, BY VEHICLE TYPE, 2031–2035 (THOUSAND UNITS)
  • TABLE 208 UK: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
  • TABLE 209 UK: MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
  • TABLE 210 UK: MARKET, BY VEHICLE TYPE, 2031–2035 (USD MILLION)
  • TABLE 211 NORTH AMERICA: MARKET, BY COUNTRY, 2019–2023 (THOUSAND UNITS)
  • TABLE 212 NORTH AMERICA: MARKET, BY COUNTRY, 2024–2030 (THOUSAND UNITS)
  • TABLE 213 NORTH AMERICA: MARKET, BY COUNTRY, 2031–2035 (THOUSAND UNITS)
  • TABLE 214 NORTH AMERICA: MARKET, BY COUNTRY, 2019–2023 (USD MILLION)
  • TABLE 215 NORTH AMERICA: MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
  • TABLE 216 NORTH AMERICA: MARKET, BY COUNTRY, 2031–2035 (USD MILLION)
  • TABLE 217 US: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
  • TABLE 218 US: MARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND UNITS)
  • TABLE 219 US: MARKET, BY VEHICLE TYPE, 2031–2035 (THOUSAND UNITS)
  • TABLE 220 US: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
  • TABLE 221 US: MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
  • TABLE 222 US: MARKET, BY VEHICLE TYPE, 2031–2035 (USD MILLION)
  • TABLE 223 CANADA: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
  • TABLE 224 CANADA: MARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND UNITS)
  • TABLE 225 CANADA: MARKET, BY VEHICLE TYPE, 2031–2035 (THOUSAND UNITS)
  • TABLE 226 CANADA: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
  • TABLE 227 CANADA: MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
  • TABLE 228 CANADA: MARKET, BY VEHICLE TYPE, 2031–2035 (USD MILLION)
  • TABLE 229 REST OF THE WORLD: MARKET, BY COUNTRY, 2019–2023 (THOUSAND UNITS)
  • TABLE 230 REST OF THE WORLD: MARKET, BY COUNTRY, 2024–2030 (THOUSAND UNITS)
  • TABLE 231 REST OF THE WORLD: MARKET, BY COUNTRY, 2031–2035 (THOUSAND UNITS)
  • TABLE 232 REST OF THE WORLD: MARKET, BY COUNTRY, 2019–2023 (USD MILLION)
  • TABLE 233 REST OF THE WORLD: MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
  • TABLE 234 REST OF THE WORLD: MARKET, BY COUNTRY, 2031–2035 (USD MILLION)
  • TABLE 235 BRAZIL: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
  • TABLE 236 BRAZIL: MARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND UNITS)
  • TABLE 237 BRAZIL: MARKET, BY VEHICLE TYPE, 2031–2035 (THOUSAND UNITS)
  • TABLE 238 BRAZIL: SEMI-AUTONOMOUS & AUTONOMOUS BUS AND TRUCK MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
  • TABLE 239 BRAZIL: MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
  • TABLE 240 BRAZIL: MARKET, BY VEHICLE TYPE, 2031–2035 (USD MILLION)
  • TABLE 241 RUSSIA: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
  • TABLE 242 RUSSIA: MARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND UNITS)
  • TABLE 243 RUSSIA: MARKET, BY VEHICLE TYPE, 2031–2035 (THOUSAND UNITS)
  • TABLE 244 RUSSIA: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
  • TABLE 245 RUSSIA: MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
  • TABLE 246 RUSSIA: MARKET, BY VEHICLE TYPE, 2031–2035 (USD MILLION)
  • TABLE 247 KEY PLAYER STRATEGIES, 2021–2024
  • TABLE 248 MARKET: VEHICLE TYPE FOOTPRINT, 2024
  • TABLE 249 MARKET: LEVEL OF AUTONOMY FOOTPRINT, 2024
  • TABLE 250 MARKET: REGION FOOTPRINT, 2024
  • TABLE 251 MARKET: KEY STARTUPS/SMES
  • TABLE 252 MARKET: COMPETITIVE BENCHMARKING
  • TABLE 253 MARKET: PRODUCT LAUNCHES/DEVELOPMENTS, SEPTEMBER 2021–MAY 2024
  • TABLE 254 MARKET: DEALS, SEPTEMBER 2021–MAY 2024
  • TABLE 255 MARKET: EXPANSIONS, SEPTEMBER 2021–MAY 2024
  • TABLE 256 MARKET: OTHER DEVELOPMENTS, SEPTEMBER 2021–MAY 2024
  • TABLE 257 AB VOLVO: COMPANY OVERVIEW
  • TABLE 258 AB VOLVO: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 259 AB VOLVO: PRODUCT LAUNCHES/DEVELOPMENTS
  • TABLE 260 AB VOLVO: DEALS
  • TABLE 261 AB VOLVO: EXPANSIONS
  • TABLE 262 AB VOLVO: OTHER DEVELOPMENTS
  • TABLE 263 DAIMLER TRUCK AG: COMPANY OVERVIEW
  • TABLE 264 DAIMLER TRUCK AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 265 DAIMLER TRUCK AG: PRODUCT LAUNCHES/DEVELOPMENTS
  • TABLE 266 DAIMLER TRUCK AG: DEALS
  • TABLE 267 DAIMLER TRUCK AG: EXPANSIONS
  • TABLE 268 MAN TRUCK & BUS SE: COMPANY OVERVIEW
  • TABLE 269 MAN TRUCK & BUS SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 270 MAN TRUCK & BUS SE: DEALS
  • TABLE 271 MAN TRUCK & BUS SE: EXPANSIONS
  • TABLE 272 MAN TRUCK & BUS SE: OTHER DEVELOPMENTS
  • TABLE 273 IVECO S.P.A.: COMPANY OVERVIEW
  • TABLE 274 IVECO S.P.A.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 275 IVECO S.P.A.: DEALS
  • TABLE 276 IVECO S.P.A.: OTHER DEVELOPMENTS
  • TABLE 277 PACCAR INC.: COMPANY OVERVIEW
  • TABLE 278 PACCAR INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 279 PACCAR INC.: PRODUCT LAUNCHES/DEVELOPMENTS
  • TABLE 280 PACCAR INC.: DEALS
  • TABLE 281 HYUNDAI MOTOR CORPORATION: COMPANY OVERVIEW
  • TABLE 282 HYUNDAI MOTOR CORPORATION: PRODUCT LAUNCHES/DEVELOPMENTS
  • TABLE 283 AURORA INNOVATION INC.: COMPANY OVERVIEW
  • TABLE 284 AURORA INNOVATION INC.: PRODUCT LAUNCHES/DEVELOPMENTS
  • TABLE 285 AURORA INNOVATION INC.: DEALS
  • TABLE 286 AURORA INNOVATION INC.: EXPANSIONS
  • TABLE 287 AURORA INNOVATION INC.: OTHER DEVELOPMENTS
  • TABLE 288 NVIDIA CORPORATION: COMPANY OVERVIEW
  • TABLE 289 NVIDIA CORPORATION: PRODUCT LAUNCHES/DEVELOPMENTS
  • TABLE 290 NVIDIA CORPORATION: DEALS
  • TABLE 291 NVIDIA CORPORATION: OTHER DEVELOPMENTS
  • TABLE 292 PLUSAI, INC.: COMPANY OVERVIEW
  • TABLE 293 PLUSAI, INC.: PRODUCT LAUNCHES/DEVELOPMENTS
  • TABLE 294 PLUSAI, INC.: DEALS
  • TABLE 295 PLUSAI, INC.: OTHER DEVELOPMENTS
  • TABLE 296 CONTINENTAL AG: COMPANY OVERVIEW
  • TABLE 297 CONTINENTAL AG: PRODUCT LAUNCHES/DEVELOPMENTS
  • TABLE 298 CONTINENTAL AG: DEALS
  • TABLE 299 CONTINENTAL AG: EXPANSIONS
  • TABLE 300 CONTINENTAL AG: OTHER DEVELOPMENTS
  • TABLE 301 KODIAK ROBOTICS INC.: COMPANY OVERVIEW
  • TABLE 302 KODIAK ROBOTICS INC.: PRODUCT LAUNCHES/DEVELOPMENTS
  • TABLE 303 KODIAK ROBOTICS INC.: DEALS
  • TABLE 304 KODIAK ROBOTICS INC.: OTHER DEVELOPMENTS
  • TABLE 305 NAVYA: COMPANY OVERVIEW
  • TABLE 306 NAVYA: PRODUCT LAUNCHES/DEVELOPMENTS
  • TABLE 307 NAVYA: DEALS
  • TABLE 308 NAVYA: OTHER DEVELOPMENTS
  • TABLE 309 YUTONG BUS CO., LTD.: COMPANY OVERVIEW
  • TABLE 310 KARSAN: COMPANY OVERVIEW
  • TABLE 311 XIAMEN KING LONG UNITED AUTOMOTIVE INDUSTRY CO., LTD.: COMPANY OVERVIEW
  • TABLE 312 EINRIDE: COMPANY OVERVIEW
  • TABLE 313 WERIDE: COMPANY OVERVIEW
  • TABLE 314 ISUZU MOTORS: COMPANY OVERVIEW
  • TABLE 315 SENSETIME: COMPANY OVERVIEW
  • TABLE 316 EASYMILE: COMPANY OVERVIEW
  • TABLE 317 SCANIA: COMPANY OVERVIEW
  • TABLE 318 ZF FRIEDRICHSHAFEN AG: COMPANY OVERVIEW
  • TABLE 319 UISEE: COMPANY OVERVIEW
  • TABLE 320 COAST AUTONOMOUS: COMPANY OVERVIEW
  • TABLE 321 NAVISTAR INTERNATIONAL INC.: COMPANY OVERVIEW
  • TABLE 322 TUSIMPLE HOLDINGS INC.: COMPANY OVERVIEW
  • TABLE 323 ALEXANDER DENNIS LIMITED: COMPANY OVERVIEW
  • TABLE 324 TOYOTA MOTOR CORPORATION: COMPANY OVERVIEW
  • TABLE 325 TESLA: COMPANY OVERVIEW
  • TABLE 326 ROBERT BOSCH GMBH: COMPANY OVERVIEW
LIST OF FIGURES
 
  • FIGURE 1 AUTONOMOUS TRUCKS MARKET SEGMENTATION
  • FIGURE 2 RESEARCH DESIGN
  • FIGURE 3 RESEARCH PROCESS FLOW
  • FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS
  • FIGURE 5 HYPOTHESIS BUILDING
  • FIGURE 6 BOTTOM-UP APPROACH: MARKET
  • FIGURE 7 BOTTOM-UP APPROACH: MARKET
  • FIGURE 8 TOP-DOWN APPROACH: MARKET
  • FIGURE 9 TOP-DOWN APPROACH: MARKET
  • FIGURE 10 DATA TRIANGULATION
  • FIGURE 11 MARKET GROWTH PROJECTIONS FROM DEMAND-SIDE DRIVERS
  • FIGURE 12 FACTOR ANALYSIS FROM DEMAND AND SUPPLY SIDES
  • FIGURE 13 REGIONAL ECONOMY IMPACT ANALYSIS
  • FIGURE 14 MARKET OVERVIEW
  • FIGURE 15 EUROPE TO ACCOUNT FOR HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 16 SHUTTLES SEGMENT TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD
  • FIGURE 17 INCREASING DEMAND FOR AUTONOMOUS VEHICLES TO DRIVE MARKET
  • FIGURE 18 ASIA PACIFIC TO ACCOUNT FOR LARGEST MARKET SHARE IN 2024
  • FIGURE 19 ELECTRIC SEGMENT TO HAVE HIGHER CAGR DURING FORECAST PERIOD
  • FIGURE 20 TRUCKS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
  • FIGURE 21 L1 SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 22 LIDAR SEGMENT TO HAVE LARGEST MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 23 LAST-MILE DELIVERY TRUCKS SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
  • FIGURE 24 CLASS 1–3 SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 25 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • FIGURE 26 MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  • FIGURE 27 EVOLUTION OF AUTOMATED SAFETY TECHNOLOGIES
  • FIGURE 28 TRUCK DRIVER SHORTAGE WORLDWIDE, 2023
  • FIGURE 29 MULTI-SENSOR SYSTEMS IN SELF-DRIVING TRUCKS
  • FIGURE 30 NEW VEHICLE SAFETY STANDARDS BY EUROPEAN COMMISSION, 2022–2029
  • FIGURE 31 VEHICLE COMMUNICATION VIA WLAN
  • FIGURE 32 DRIVER PERCEPTION LEVELS FOR AUTONOMOUS VEHICLES IN US, 2021–2023
  • FIGURE 33 SK TELECOM–SEOUL CITY AUTONOMOUS DRIVING INFRASTRUCTURE
  • FIGURE 34 EVOLUTION OF AUTOMATED SAFETY TECHNOLOGIES
  • FIGURE 35 PLATOONING WITH WIRELESS COMMUNICATION TECHNOLOGY AND COMMUNICATION METHODS
  • FIGURE 36 BENEFITS OF IOT IN AUTOMOTIVE SECTOR
  • FIGURE 37 ECOSYSTEM ANALYSIS
  • FIGURE 38 VALUE CHAIN ANALYSIS
  • FIGURE 39 TOTAL COST OF OWNERSHIP BREAKDOWN FOR TRUCKS
  • FIGURE 40 TOTAL COST OF OWNERSHIP BREAKDOWN FOR BUSES
  • FIGURE 41 AVERAGE SELLING PRICE, BY SENSOR TYPE, 2022–2024 (USD)
  • FIGURE 42 AVERAGE SELLING PRICE OF SEMI-AUTONOMOUS & AUTONOMOUS BUSES, BY REGION, 2022–2024 (USD)
  • FIGURE 43 AVERAGE SELLING PRICE OF SEMI-AUTONOMOUS & AUTONOMOUS TRUCKS, BY REGION, 2022–2024 (USD)
  • FIGURE 44 INVESTMENT SCENARIO, 2021–2024
  • FIGURE 45 PATENT ANALYSIS, 2014–2023
  • FIGURE 46 SENSOR FUSION TECHNOLOGY
  • FIGURE 47 V2X COMMUNICATION
  • FIGURE 48 COOPERATIVE ADAPTIVE CRUISE CONTROL BASED ON 5G CONNECTIVITY
  • FIGURE 49 SIMULTANEOUS LOCALIZATION AND MAPPING
  • FIGURE 50 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY VEHICLE TYPE
  • FIGURE 51 KEY BUYING CRITERIA, BY VEHICLE TYPE
  • FIGURE 52 MARKET, BY APPLICATION, 2024–2035 (THOUSAND UNITS)
  • FIGURE 53 MARKET, BY LEVEL OF AUTONOMY, 2024–2035 (THOUSAND UNITS)
  • FIGURE 54 MARKET, BY PROPULSION TYPE, 2024–2035 (USD MILLION)
  • FIGURE 55 MARKET, BY SENSOR TYPE, 2024–2035 (USD MILLION)
  • FIGURE 56 CAMERA UNITS IN SEMI-AUTONOMOUS AND AUTONOMOUS VEHICLES
  • FIGURE 57 MARKET, BY VEHICLE CLASS, 2024–2035 (THOUSAND UNITS)
  • FIGURE 58 MARKET, BY VEHICLE TYPE, 2024–2035 (USD MILLION)
  • FIGURE 59 MARKET, BY REGION, 2024–2035 (USD MILLION)
  • FIGURE 60 ASIA PACIFIC: MARKET SNAPSHOT
  • FIGURE 61 EUROPE: MARKET, BY COUNTRY, 2024–2035 (USD MILLION)
  • FIGURE 62 NORTH AMERICA: MARKET SNAPSHOT
  • FIGURE 63 REST OF THE WORLD: MARKET, BY COUNTRY, 2024–2035 (USD MILLION)
  • FIGURE 64 REVENUE ANALYSIS OF OEMS, 2019–2023
  • FIGURE 65 REVENUE ANALYSIS OF SOFTWARE PROVIDERS, 2019–2023
  • FIGURE 66 MARKET RANKING OF OEMS, 2024
  • FIGURE 67 MARKET RANKING OF SOFTWARE PROVIDERS, 2024
  • FIGURE 68 MARKET: COMPANY EVALUATION MATRIX (OEMS), 2024
  • FIGURE 69 MARKET: COMPANY EVALUATION MATRIX (SOFTWARE PROVIDERS), 2024
  • FIGURE 70 MARKET: COMPANY FOOTPRINT, 2024
  • FIGURE 71 MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024
  • FIGURE 72 COMPANY VALUATION OF OEMS, 2024
  • FIGURE 73 COMPANY VALUATION OF SOFTWARE PROVIDERS, 2024
  • FIGURE 74 FINANCIAL METRICS OF OEMS, 2024
  • FIGURE 75 FINANCIAL METRICS OF SOFTWARE PROVIDERS, 2024
  • FIGURE 76 BRAND/PRODUCT COMPARISON
  • FIGURE 77 AB VOLVO: COMPANY SNAPSHOT
  • FIGURE 78 DAIMLER TRUCK AG: COMPANY SNAPSHOT
  • FIGURE 79 MAN TRUCK & BUS SE: COMPANY SNAPSHOT
  • FIGURE 80 MAN ROADMAP FOR AUTONOMOUS DRIVING, 2018–2030
  • FIGURE 81 IVECO S.P.A.: COMPANY SNAPSHOT
  • FIGURE 82 PACCAR INC.: COMPANY SNAPSHOT
  • FIGURE 83 HYUNDAI MOTOR CORPORATION: COMPANY SNAPSHOT
  • FIGURE 84 AURORA INNOVATION INC.: COMPANY SNAPSHOT
  • FIGURE 85 AURORA HORIZON ROADMAP
  • FIGURE 86 NVIDIA CORPORATION: COMPANY SNAPSHOT
  • FIGURE 87 CONTINENTAL AG: COMPANY SNAPSHOT

 

The research study involved extensive secondary sources, such as company annual reports/presentations, industry association publications, magazine articles, directories, technical handbooks, World Economic Outlook, trade websites, technical articles, and databases, to identify and collect information on the autonomous trucks market. Primary sources, such as experts from related industries, automobile OEMs, and suppliers, were interviewed to obtain and verify critical information and assess the growth prospects and market estimations.

Secondary Research

Secondary sources for this research study include corporate filings, such as annual reports, investor presentations, and financial statements; trade, business, and professional associations; whitepapers, marklines, and the OICA (International Organization of Motor Vehicle Manufacturers); certified publications; articles by recognized authors; directories; and databases. Secondary data was collected and analyzed to determine the overall market size, further validated by primary research.

Primary Research

Extensive primary research was conducted after understanding the autonomous trucks market scenario through secondary research. Several primary interviews were conducted with market experts from the demand side (vehicle manufacturers, country-level government associations, and trade associations) and the supply side (autonomous trucks and buses manufacturers, component providers, and system integrators). The regions considered for the research include North America, Europe, the Asia Pacific, and the Rest of the World. Approximately 17% and 83% of primary interviews were conducted from the demand and supply sides. Primary data was collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, various departments within organizations, such as sales, operations, and marketing, were covered to provide a holistic viewpoint in this report.

After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from the primaries. This, along with the in-house subject matter experts’ opinions, led to the findings described in this report.

Autonomous Trucks Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

A detailed market estimation approach was followed to estimate and validate the volume and value of the autonomous trucks market and other submarkets, as mentioned below.

  • Secondary research identified key players in the autonomous trucks market. Their global market share was determined through primary and secondary research.
  • The research methodology included studying the annual and quarterly financial reports & regulatory filings of major market players and interviews with industry experts for detailed market insights.
  • All major penetration rates, percentage shares, splits, and breakdowns for the market across end users were determined using secondary sources and verified through primary sources.
  • All key macro indicators affecting the revenue growth of the market segments and subsegments were accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the validated and verified quantitative & qualitative data.
  • The gathered market data was consolidated and added with detailed inputs, analyzed, and presented in this report.

Autonomous trucks market Size: Bottom-Up Approach

Autonomous Trucks Market Market Bottom Up Approach

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Autonomous trucks market Size: Top-Down Approach

Autonomous Trucks Market Top Down Approach

Data Triangulation

After arriving at the overall market size through bottom-up approach, the autonomous truck market was split into several segments and subsegments. Where applicable, the data triangulation procedure was employed to complete the overall market engineering process and arrive at the exact market value for key segments and subsegments. The extrapolated market data was triangulated by studying various macro indicators and regional trends from both the demand- and supply-side participants.

Market Definition

Autonomous trucks market: Autonomous truck technology requires human intervention to control the vehicle while simultaneously using some of the advanced technologies such as Adaptive Cruise Control (ACC), Autonomous Emergency Braking (AEB), Lane Keep Assist (LKA), Intelligent Park Assist (IPA), Blind Spot Detection (BSD), Traffic Jam Assist (TJA) and highway pilot to reduce the effort required to maneuver the bus. Autonomous (self-driving) bus technology runs an artificial intelligence program that controls the entire bus without human intervention.

Autonomous truck technology requires human intervention to control the vehicle while simultaneously using some advanced technologies such as Adaptive Cruise Control (ACC), Autonomous Emergency Braking (AEB), Lane Assist (LA), Intelligent Park Assist (IPA), Blind Spot Detection (BSD), Traffic Jam Assist (TJA) and highway pilot to reduce the effort required to maneuver the truck. Autonomous (self-driving) truck technology runs an artificial intelligence program that controls the entire truck without human intervention.

Key Stakeholders

  • Automobile Original Equipment Manufacturers (OEMs)
  • Automotive Insurance Providers
  • Automobile Industry (End-use Industry and Regional Automobile Associations)
  • Cybersecurity Providers for Autonomous Trucks
  • Legal and Regulatory Authorities
  • Manufacturers of Autonomous Trucks
  • Manufacturers of Autonomous Truck Components
  • Raw Material Suppliers
  • Sensor Manufacturers
  • Software Providers
  • Traders, Distributors, and Suppliers

Report Objectives

  • To segment and forecast the size of the autonomous trucks market in terms of volume (thousand units) and value (USD million)
  • To define, describe, and forecast the size of the autonomous trucks market based on ADAS feature, Application, Vehicle type, Level of Autonomy, Vehicle class, Propulsion type, Sensor type, and region
  • To analyze regional markets for growth trends, prospects, and their contribution to the overall market
    • To provide qualitative insights on the market based on ADAS features [(Adaptive Cruise Control (ACC), Automatic Emergency Braking (AEB), Blind Spot Detection (BSD), Lane Keep Assist (LKA), Intelligent Park Assist (IPA), Traffic Jam Assist (TJA), Highway Pilot (HP)]
    • To segment and forecast the market size, by vehicle type (Buses and Trucks)
    • To segment and forecast the market size, by vehicle class [Class1-Class3, Class4-Class6, and Class7-Class8]
    • To segment and forecast the market size, by Application (Last-mile Delivery Trucks, Mining Trucks, Shuttles, and Intercity/Intracity Buses)
    • To segment and forecast the market size, by Level of Autonomy (L1, L2 and L3, L4, and L5)
    • To segment and forecast the market size, by propulsion type (Diesel, Electric, and Hybrid)
    • To segment and forecast the market size, by sensor type (Cameras, Radars sensors, LiDAR, and Ultrasonic sensors)
    • To forecast the market size by region [North America, Europe, Asia Pacific, and Rest of the World (RoW)]
  • To analyze technological developments impacting the market
  • To provide detailed information about the major factors influencing the market growth (drivers, challenges, restraints, and opportunities)
  • To strategically analyze the market, considering individual growth trends, prospects, and contributions to the total market
  • To study the following concerning the market
    • Value Chain Analysis
    • Ecosystem Analysis
    • Technology Analysis
    • HS Code
    • Case Study Analysis
    • Patent Analysis
    • Regulatory Landscape
    • Key Stakeholders and Buying Criteria
    • Key Conferences and Events
  • To estimate the following with respect to the autonomous trucks market:
    • Pricing Analysis
      • Key Players, By Vehicle Type
      • By Region
    • Market Ranking Analysis
  • To strategically profile key players and comprehensively analyze their market ranking and core competencies
  • To analyze the impact of the recession on the market
  • To track and analyze competitive developments such as deals, product developments, expansion, and other activities carried out by key industry participants

Available Customizations

  • Autonomous trucks market, by propulsion type at the country level (for countries not covered in the report
  • Autonomous trucks market, by sensor type at the country level (for countries not covered in the report

Company Information:

  • Profiling of additional market players (Up to 10)

Previous Versions of this Report

Semi-Autonomous & Autonomous Trucks and Buses Market by LoA (L1, L2/ L3, L4 & L5), Vehicle Type, Propulsion (Diesel, Electric, Hybrid), ADAS Features, Vehicle Class, Application, Sensor Type, and Region - Global Forecast to 2035

Report Code AT 7660
Published in May, 2020, By MarketsandMarkets™
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