Semi-Autonomous & Autonomous Truck Market By Level of Automation (Level 1, Level 2 & 3, Level 4, and Level 5), Propulsion (Diesel, Electric, and Hybrid), Application, Truck Class, ADAS Features, Sensor, and Region - Global Forecast to 2030
Semi-Autonomous & Autonomous Truck Market
Semi-autonomous truck technology requires human intervention to control the vehicle while simultaneously using some of the advanced technologies such as Adaptive Cruise Control (ACC), Lane Assist (LA), Blind Spot Detection (BSD), Intelligent Park Assist (IPA), Traffic Jam Assist (TJA), and others to increase passenger safety and reduce the efforts required for driving trucks. Whereas fully-autonomous trucks run an artificial intelligence program that controls the entire vehicle without any human intervention while driving.
Key Drivers:
- Increasing emphasis on better road safety and traffic control
- Ability of autonomous and semi-autonomous trucks to alleviate truck driver shortage
- Economic effect of autonomous & semi-autonomous trucks on the trucking industry
Key Restraints:
- Cybersecurity and data privacy concerns
- High cost of development
- Lack of information technology and communication infrastructure in developing nations
Top Players
- AB Volvo (Sweden)
- Robert Bosch (Germany)
- Continental AG (Germany)
- Denso (Japan)
- Aptiv (UK)
- Daimler (Germany)
- Paccar (US)
- Nvidia (US)
Top Start-ups
- Embark (US)
- Waymo (US)
- TuSimple (US)
- Tesla (US)
- Tesla – Tesla Motors was founded in 2003 and is headquartered in California, US. Tesla manufactures premium electric vehicles. In November 2019, Tesla unveiled its upcoming electric pickup truck, Cybertruck. It will be equipped with many semi-autonomous driving features and is expected to hit the roads by 2021.
- Embark – Embark was established in 2016 and is headquartered in California, US. The company is known for developing advanced autonomous truck technology for freight transportation. Embark has already started working with many freight and logistics companies in the US by providing autonomous truck technology. In February 2018, Embark completed its first trial of a self-driving truck. The test run was conducted between Los Angeles and Jacksonville, which the company claims to be the first coast-to-coast run by an autonomous truck.
- AB Volvo – Volvo was founded in 1927 and is headquartered in Gothenburg, Sweden. The company is one of the world’s leading manufacturers of trucks, buses, construction equipment, and marine and industrial engines. Volvo Trucks is the second-largest heavy-duty truck brand in the world. Volvo revealed its first autonomous self-driving truck, Vera, in 2018. The truck is fully autonomous (self-driving) and does not have a conventional cab like a normal truck. The truck performed its first real-world assignment in June 2019, which included transportation of goods between a logistics center and a port terminal in Sweden.
Semi-Autonomous & Autonomous Truck Market and Key Application
- Level 4 Autonomous Truck – Level 4 trucks are highly automated trucks in which the system controls the steering, acceleration, and braking. The driving environment and dynamic driving tasks are also monitored and performed by the system. A vehicle with level 4 capability can do all the driving, but only in certain circumstances. The autonomous driving system notifies the driver when he can switch to the autonomous driving mode.
- Last Mile Delivery Truck – Last mile delivery trucks are used for logistics purposes in the distribution centre or facility to the end-user. These trucks are witnessing high demand due to the rise of the e-commerce sector. The aim is to be able to deliver goods at consumer end in specific time without delays and to reduce the delivery cost to the company. Using autonomous last mile delivery trucks can help companies save 40% of the total cost.
- Truck Platooning – In truck platooning, two or more trucks are connected in a group with the help of connectivity technologies, autonomous driving, and artificial intelligence support systems such as adaptive cruise control and lane assist. These vehicles automatically keep a set close distance between each other. The truck at the head of the platoon acts as a leader, with the vehicles behind adapting and reacting to changes in its movement, requiring little or no action from the driver.
[225 Pages Report] The global autonomous truck market was valued at USD 460 million in 2024 and is expected to reach USD 1,550 million by 2030, at a CAGR of 22.4%. The global semi-autonomous truck market size is projected to reach 3,254 thousand units by 2025, from an estimated 948 thousand units in 2020, growing at a CAGR of 28.0%. Factors such as a rise in road accidents, shortage of drivers, government regulations regarding safety features, companies eyeing a reduction in delivery & transportation cost, and the increasing need for efficient yet feature-rich modern trucks are expected to drive the market for semi-autonomous and autonomous trucks.
The ultrasonic segment is estimated to lead the market during the forecast period
The ultrasonic segment is projected to have the largest market share in the semi-autonomous truck market by volume. Ultrasonic has a short-range and small Field of View (FoV). Hence, many ultrasonic sensors are used in semi-autonomous and autonomous trucks. Ultrasonic sensors are typically used for short-range object detection, which is applicable for parking ADAS features such as intelligent park assist. The cost of the ultrasonic sensors is less than other sensors. Currently, the cost of LIDARs is high, and generally, they are not installed in level 1 and level 2 semi-autonomous trucks.
Asia Pacific semi-autonomous truck market is expected to register the fastest growth during the forecast period
The Asia Pacific is expected to be the fastest-growing region in the semi-autonomous truck market as well as in the autonomous truck market during the forecast period, owing to China and Japan's rapid progress toward vehicle automation, especially mining and delivery trucks, and increasing safety regulations by various countries. For instance, South Korea's Transport Ministry has made Autonomous Emergency Braking and Lane Departure Warning systems mandatory in passenger cars from January 2019 and in trucks and other vehicles from July 2021. Currently, both these systems are mandatory in more than 11-meter commercial vehicles and trucks and special vehicles weighing more than 20 tons.
The Asia Pacific is expected to be a technology follower. Once a robust technology is created, the region will speedily adopt the technology. Also, Asia is the largest manufacturer of trucks and contributes more than 65% of the total number of trucks manufactured globally. Road safety concerns will further propel the growth of the semi-autonomous market and the autonomous truck market in the region. Also, the introduction of autonomous technologies in mining trucks would drive the Asia Pacific autonomous truck market, as China is the biggest mining country in the world.
North America is expected to be the largest market during the forecast period
North America is the technology leader in autonomous technology. The region is home to some of the leading technology developers, such as Waymo, Uber, Intel, and Embark. These companies are focusing on the development of autonomous technology. Also, in the US, the testing of autonomous vehicles has started in some states. This will create an opportunity for further development of autonomous trucks. For instance, Daimler tested its level 4 autonomous truck on the streets of Virginia, US. Also, the region is dominated by pickup trucks having advanced semi-autonomous driving features. Ford and GMC are some of the leading players offering pickup trucks in the country. Tesla will enter the market soon with its 'Cybertruck' having all the semi-autonomous features and an optional autonomous driving feature as well.
Key Market Players
The global semi-autonomous truck market is dominated by major players such as Continental (Germany) Bosch (Germany), Aptiv (UK), AB Volvo (Sweden), and Denso (Japan). All the companies have strong distribution networks at a global level. In addition, these companies offer an extensive product range in this market. These companies have adopted strategies such as new product developments, collaborations, and contracts & agreements to sustain their market position. On the other hand, Embark (US), Tesla (US), TuSimple (US), Caterpillar (US), and Waymo (US) are some of the companies that are focusing on developing autonomous trucks.
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|
Report Metric |
Details |
|
Market size available for years |
2018–2030 |
|
Base year considered |
2018 |
|
Forecast period |
2020-2030 |
|
Forecast units |
Volume (Units) and Value (USD Billion) |
|
Segments covered |
Propulsion Type, Application, Truck Class, Sensor, ADAS Feature, Level of Automation, and Region |
|
Geographies covered |
Asia Pacific, Europe, North America, and RoW |
|
Companies Covered |
Continental (Germany) Bosch (Germany), Aptiv (UK), AB Volvo (Sweden), and Denso (Japan). |
This research report categorizes the given market based on Propulsion Type, Application, Truck Class, Sensor, ADAS Feature, Level of Automation, and Region.
Based on Propulsion Type:
- Diesel
- Electric
- Hybrid
Based on the Level of Automation:
- Level 1
- Level 2 & Level 3
- Level 4
- Level 5
Based on the Application:
- Last-mile delivery truck
- Mining Truck
Based on the ADAS Feature:
- ACC
- AEB
- BSD
- LKA
- IPA
- TJA
- HP
Based on the Sensor:
- Ultrasonic
- Camera
- LiDAR
- Radar
Based on Truck Class:
- Class 1- Class 3
- Class 4- Class 6
- Class 7- Class 8
Based on the Region:
-
Asia Pacific
- China
- India
- Japan
- South Korea
-
North America
- US
- Canada
- Mexico
-
Europe
- France
- Germany
- Italy
- Spain
- United Kingdom
-
Rest of the World
- Russia
- Brazil
Critical Aspects:
- Governments are focusing on regulations related to safety standards in commercial vehicles. How will this transform the overall semi-autonomous truck market?
- How will fast-paced developments in self-driving technologies change the dynamics of this market?
- The industry is focusing on different sensors and software systems. Which are the leading companies working on it, and what organic and inorganic strategies have been adopted by them?
- The last mile delivery truck segment is expected to have a significant market during the forecast. How will this transform the overall autonomous truck market?
- Analysis of competitors, including major players in this market and ecosystem. The major players are Continental (Germany) Bosch (Germany), Aptiv (UK), AB Volvo (Sweden), and Denso (Japan).
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 22)
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS & EXCLUSIONS
1.3 MARKET SCOPE
1.3.1 YEARS CONSIDERED FOR THE STUDY
1.4 PACKAGE SIZE
1.5 LIMITATIONS
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 28)
2.1 RESEARCH DATA
2.2 SECONDARY DATA
2.2.1 KEY SECONDARY SOURCES FOR THE SEMI-AUTONOMOUS & AUTONOMOUS TRUCK MARKET
2.2.2 KEY DATA FROM SECONDARY SOURCES
2.3 PRIMARY DATA
2.3.1 SAMPLING TECHNIQUES & DATA COLLECTION METHODS
2.3.2 PRIMARY PARTICIPANTS
2.4 MARKET SIZE ESTIMATION
2.4.1 BOTTOM-UP APPROACH: MARKET
2.4.2 TOP-DOWN APPROACH: MARKET
2.4.3 BOTTOM-UP APPROACH: MARKET
2.4.4 TOP-DOWN APPROACH: MARKET
2.5 SEMI-AUTONOMOUS TRUCK MARKET: RESEARCH DESIGN & METHODOLOGY
2.6 SEMI-AUTONOMOUS TRUCK MARKET: RESEARCH METHODOLOGY ILLUSTRATION OF COMPANY-BASED REVENUE ESTIMATION
2.7 MARKET BREAKDOWN AND DATA TRIANGULATION
2.8 ASSUMPTIONS & ASSOCIATED RISKS
3 EXECUTIVE SUMMARY (Page No. - 40)
4 PREMIUM INSIGHTS (Page No. - 45)
4.1 ATTRACTIVE OPPORTUNITIES IN THE SEMI-AUTONOMOUS TRUCK MARKET
4.2 ATTRACTIVE OPPORTUNITIES IN THE AUTONOMOUS TRUCK MARKET
4.3 MARKET GROWTH RATE, BY REGION
4.4 MARKET, BY PROPULSION
4.5 MARKET, BY PROPULSION
4.6 MARKET, BY APPLICATION
4.7 MARKET, BY ADAS FEATURE
4.8 SEMI-AUTONOMOUS MARKET, BY TRUCK CLASS
4.9 SEMI-AUTONOMOUS MARKET, BY LEVEL OF AUTOMATION
4.10 AUTONOMOUS MARKET, BY LEVEL OF AUTOMATION
4.11 MARKET, BY SENSOR (THOUSAND UNITS)
4.12 MARKET, BY SENSOR (USD MILLION)
4.13 MARKET, BY SENSOR (THOUSAND UNITS)
4.14 MARKET, BY SENSOR (USD THOUSAND)
5 MARKET OVERVIEW (Page No. - 53)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Increasing emphasis on better road safety and traffic control
5.2.1.2 Ability of autonomous and semi-autonomous trucks to alleviate truck driver shortage
5.2.1.3 Economic effect of semi-autonomous and autonomous trucks on the trucking industry
5.2.2 RESTRAINTS
5.2.2.1 Concerns over cybersecurity and data privacy
5.2.2.2 Lack of information technology and communication infrastructure in developing nations
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing demand for 5G technology for vehicle connectivity
5.2.3.2 Latent demand for semi-autonomous and autonomous truck platooning
5.2.4 CHALLENGES
5.2.4.1 Tapping the untapped market
5.2.4.2 Legal and regulatory framework issues
5.3 AUTONOMOUS TRUCK MARKET, SCENARIOS (2024–2030)
5.3.1 MARKET, MOST LIKELY SCENARIO
5.3.2 MARKET, OPTIMISTIC SCENARIO
5.3.3 MARKET, PESSIMISTIC SCENARIO
6 INTRODUCTION (COVID-19) (Page No. - 63)
6.1 COVID-19 HEALTH ASSESSMENT
6.2 COVID-19 ECONOMIC ASSESSMENT
6.2.1 COVID-19 ECONOMIC IMPACT—SCENARIO ASSESSMENT
7 INDUSTRY TRENDS (Page No. - 69)
7.1 TECHNOLOGICAL OVERVIEW
7.1.1 IOT AND 5G IN THE SEMI-AUTONOMOUS AND AUTONOMOUS TRUCK MARKET
7.1.2 ARTIFICIAL INTELLIGENCE AND MACHINE LEARNING IN THE SEMI-AUTONOMOUS AND AUTONOMOUS TRUCK MARKET
7.1.3 CYBERSECURITY AND DATA PRIVACY
7.2 REGULATORY OVERVIEW
7.3 VALUE CHAIN ANALYSIS
7.3.1 PLANNING AND REVISING FUNDS
7.3.2 AUTOMOTIVE COMPONENT SUPPLIERS
7.3.3 AV SOFTWARE AND SENSOR SUPPLIERS
7.3.4 OEMS
7.4 PATENT ANALYSIS
7.4.1 PATENT ANALYSIS
7.4.2 METHODOLOGY
7.4.3 DOCUMENT TYPE
7.4.3.1 Insight
7.5 CASE STUDY
7.5.1 A CASE STUDY ON TESLA’S MUCH-AWAITED CYBERTRUCK
7.5.2 A CASE STUDY ON THE FUTURE OF AUTONOMOUS TRUCKS AND ITS IMPACT ON THE US TRUCKING INDUSTRY
8 GOVERNMENT REGULATION & GUIDELINES FOR TESTING (Page No. - 80)
8.1 REGIONAL AND COUNTRY-LEVEL REGULATIONS/GUIDELINES
8.2 REGULATIONS RELATED TO LAST-MILE DELIVERY AUTONOMOUS TRUCKS
8.3 IMPACT OF CURRENT AND FUTURE REGULATIONS ON THE SEMI-AUTONOMOUS TRUCK MARKET
8.4 TESTING AND TRIALS OF AUTONOMOUS TRUCKS
9 AUTONOMOUS TRUCK MARKET, BY APPLICATION (Page No. - 83)
9.1 INTRODUCTION
9.2 OPERATIONAL DATA
9.2.1 ASSUMPTIONS
9.2.2 RESEARCH METHODOLOGY
9.3 LAST MILE DELIVERY TRUCK
9.3.1 INCREASING E-COMMERCE BOOM IS EXPECTED TO BOOST THE AUTONOMOUS TRUCK MARKET
9.4 MINING TRUCK
9.4.1 DEMAND FOR COLLISION AVOIDANCE IN MINING SITES WOULD DRIVE THE MARKET FOR AUTONOMOUS TRUCK MARKET
9.5 KEY INDUSTRY INSIGHTS
10 SEMI-AUTONOMOUS TRUCK MARKET, BY ADAS FEATURE (Page No. - 89)
10.1 INTRODUCTION
10.2 OPERATIONAL DATA
10.2.1 ASSUMPTIONS
10.2.2 RESEARCH METHODOLOGY
10.3 ADAPTIVE CRUISE CONTROL (ACC)
10.3.1 REDUCTION IN FUEL CONSUMPTION DUE TO ACC WILL DRIVE ITS DEMAND
10.4 AUTOMATIC EMERGENCY BRAKING (AEB)
10.4.1 DEMAND FOR SAFETY IN COMMERCIAL VEHICLES WOULD BOOST THE AEB SEGMENT
10.5 BLIND SPOT DETECTION (BSD)
10.5.1 GOVERNMENT MANDATES TO EQUIP SAFETY FEATURES WILL MAKE EUROPEAN MARKET TO GROW AT THE FASTEST RATE
10.6 INTELLIGENT PARK ASSIST (IPA)
10.6.1 EASE OF PARKING OF HEAVY COMMERCIAL VEHICLES WITH MINIMAL DRIVER ASSISTANCE WILL FUEL DEMAND FOR IPA IN SEMI-AUTONOMOUS TRUCK MARKET
10.7 LANE KEEP ASSIST (LKA)
10.7.1 HIGH DEMAND FOR SAFETY FEATURES TO MINIMIZE THE RATE OF ACCIDENTS WILL DRIVE THE NORTH AMERICAN MARKET
10.8 TRAFFIC JAM ASSIST (TJA)
10.8.1 RISING FOCUS ON BETTER ROAD SAFETY AND ADVANCED AUTONOMOUS DRIVING TECHNOLOGY TO DRIVE THE NORTH AMERICAN MARKET
10.9 HIGHWAY PILOT (HP)
10.9.1 DEMAND FOR SAFETY AND COMFORT FOR DRIVERS IN UPCOMING VEHICLES WILL FUEL THE MARKET
10.1 KEY INDUSTRY INSIGHTS
11 SEMI-AUTONOMOUS AND AUTONOMOUS TRUCK MARKET, LEVEL OF AUTOMATION TYPE (Page No. - 101)
11.1 INTRODUCTION
11.2 SEMI-AUTONOMOUS TRUCK MARKET, BY LEVEL OF AUTOMATION
11.3 OPERATIONAL DATA
11.3.1 ASSUMPTIONS
11.3.2 RESEARCH METHODOLOGY
11.4 LEVEL 1
11.4.1 GOVERNMENT MANDATES FOR LEVEL 1 AUTOMATION WILL FUEL THE MARKET
11.5 LEVEL 2 & 3
11.5.1 UPGRADE OF MORE SAFETY FEATURES IN LEVEL 2 & 3 AUTOMATION WILL BOOST THE SEMI-AUTONOMOUS TRUCK MARKET
11.6 AUTONOMOUS TRUCK MARKET, BY LEVEL OF AUTOMATION
11.7 LEVEL 4
11.7.1 ADVANTAGE OF HAVING MANUAL DRIVING AS WELL AS SELF-DRIVING OPTION WOULD MAKE THE SEGMENT MORE FEASIBLE IN PRACTICAL WORLD
11.8 LEVEL 5
11.8.1 DRIVER SHORTAGE AND SAVING IN DELIVERY OR LOGISTICS COST TO DRIVE THE NORTH AMERICAN MARKET
11.9 KEY INDUSTRY INSIGHTS
12 SEMI-AUTONOMOUS AND AUTONOMOUS TRUCK MARKET, BY PROPULSION TYPE (Page No. - 111)
12.1 INTRODUCTION
12.2 OPERATIONAL DATA
12.2.1 ASSUMPTIONS
12.2.2 RESEARCH METHODOLOGY
12.3 DIESEL
12.3.1 HIGH POWER OUTPUT AND TORQUE GENERATED BY DIESEL ENGINES VEHICLES WILL DRIVE THE MARKET
12.3.2 INTRODUCTION TO AUTONOMOUS DRIVING TECH IN MILITARY AND MINING TRUCKS TO BOOST THE DIESEL-ELECTRIC SEGMENT
12.4 ELECTRIC
12.4.1 STRINGENT REGULATIONS FOR ZERO EMISSIONS WILL DRIVE DEMAND FOR ELECTRIC SEMI-AUTONOMOUS TRUCKS SIGNIFICANTLY
12.4.2 PRESENCE OF OEMS AND AUTONOMOUS DRIVING TECHNOLOGY PROVIDERS TO HELP THE NORTH AMERICAN AUTONOMOUS TRUCK MARKET FOR ELECTRIC PROPULSION
12.5 HYBRID
12.5.1 INCREASING DEMAND FOR EFFICIENT AND LESS-EMITTING TRUCKS TO DRIVE THE MARKET FOR HYBRID SEMI-AUTONOMOUS TRUCKS
12.5.2 FOCUS ON DEVELOPING HYBRID PROPULSION TRUCKS BY LEADING OEMS TO DRIVE THE MARKET
12.6 KEY INDUSTRY INSIGHTS
13 SEMI-AUTONOMOUS AND AUTONOMOUS TRUCK MARKET, BY SENSOR TYPE (Page No. - 121)
13.1 INTRODUCTION
13.2 OPERATIONAL DATA
13.2.1 ASSUMPTIONS
13.2.2 RESEARCH METHODOLOGY
13.3 CAMERA
13.3.1 OEMS OFFERING ADVANCED PICKUP TRUCKS IN THE REGION TO BOOST THE NORTH AMERICAN REGION
13.3.2 3600 VIEW PROVIDED BY CAMERA SENSORS WILL FUEL THE MARKET
13.4 RADAR
13.4.1 HIGH DEMAND FOR ACCURATE DATA WITH A PRECISE ANGULAR RESOLUTION WILL DRIVE THE RADAR SENSORS IN SEMI-AUTONOMOUS AND AUTONOMOUS MARKET
13.5 LIDAR
13.5.1 ADAS APPLICATIONS SUPPORTED BY LIDAR WILL FUEL THE MARKET
13.6 ULTRASONIC
13.6.1 SHORT RANGE OBJECT DETECTION BY ULTRASONIC SENSORS WILL BOOST THE MARKET
13.7 KEY INDUSTRY INSIGHTS
14 SEMI-AUTONOMOUS TRUCK MARKET, BY TRUCK CLASS (Page No. - 135)
14.1 INTRODUCTION
14.2 OPERATIONAL DATA
14.2.1 ASSUMPTIONS
14.2.2 RESEARCH METHODOLOGY
14.3 CLASS 1–CLASS 3 (LIGHT-DUTY TRUCK)
14.3.1 INCREASING DEMAND FOR LIGHT-DUTY TRUCKS WILL FUEL THE SEMI-AUTONOMOUS TRUCK MARKET
14.4 CLASS 4–CLASS 6 (MEDIUM-DUTY TRUCK)
14.4.1 FOCUS ON SAFETY AND COMFORT FEATURES TO MAKE WAY FOR SEMI-AUTONOMOUS TRUCKS
14.5 CLASS 7 & CLASS 8
14.5.1 OEMS AND TECHNOLOGY COMPANIES FOCUSING ON TESTING CLASS 8 TRUCKS WITH ADVANCED TECHNOLOGIES TO DRIVE THE NORTH AMERICAN MARKET
14.6 KEY INDUSTRY INSIGHTS
15 SEMI-AUTONOMOUS AND AUTONOMOUS TRUCK MARKET, BY REGION (Page No. - 142)
15.1 INTRODUCTION
15.1.1 INCREASING DEMAND FOR SAFE COMMERCIAL VEHICLES IS EXPECTED TO DRIVE THE MARKET
15.1.2 COMPANIES FOCUSING ON REDUCING DELIVERY/TRANSPORTATION COST ARE EXPECTED TO DRIVE THE MARKET
15.2 EUROPE
15.2.1 PRESENCE OF LEADING TECHNOLOGY PROVIDERS IN THE REGION TO DRIVE THE EUROPEAN MARKET
15.2.2 GERMANY
15.2.2.1 Presence of key players to drive the German market
15.2.3 ITALY
15.2.3.1 Increasing vehicle safety concerns will fuel the Italian market
15.2.4 UK
15.2.4.1 Increasing initiatives from various institutions for installation of ADAS features will drive the UK market
15.2.5 SPAIN
15.2.5.1 Upcoming safety features mandate in the European region would boost the Spanish market as well
15.2.6 FRANCE
15.2.6.1 Increasing trend of adoption of safe vehicles will fuel the French market
15.3 NORTH AMERICA
15.3.1 US
15.3.1.1 Increasing efforts from the government for adoption of ADAS and large sales of advanced pickup trucks to drive the US market
15.3.2 CANADA
15.3.2.1 Increasing number of tests conducted by the government will drive the Canadian market
15.3.3 MEXICO
15.3.3.1 Trade agreements like NAFTA will drive the Mexican market
15.4 ASIA PACIFIC
15.4.1 CHINA
15.4.1.1 Increasing demand for driver safety in mining applications to drive the market for semi-autonomous trucks
15.4.2 JAPAN
15.4.2.1 Upcoming safety regulations will drive the Japanese semi-autonomous market
15.4.3 INDIA
15.4.3.1 Increasing government initiatives toward improving road safety to drive the Indian market
15.4.4 SOUTH KOREA
15.4.4.1 Mandating of FCW and LDW will fuel the South Korean market
15.5 REST OF THE WORLD (ROW)
15.5.1 BRAZIL
15.5.1.1 Need to reduce traffic accidents will drive the market in Brazil
15.5.2 RUSSIA
15.5.2.1 Presence of companies investing and developing self-driving vehicles in Russia will trigger the market
16 COMPETITIVE LANDSCAPE (Page No. - 165)
16.1 OVERVIEW
16.2 MARKET RANKING ANALYSIS FOR SEMI-AUTONOMOUS TRUCK MARKET
16.3 MARKET RANKING ANALYSIS FOR AUTONOMOUS TRUCK MARKET
16.4 COMPETITIVE SCENARIO
16.4.1 COLLABORATIONS/JOINT VENTURES/SUPPLY CONTRACTS/ PARTNERSHIPS/AGREEMENTS
16.4.2 NEW PRODUCT DEVELOPMENTS
16.4.3 MERGERS & ACQUISITIONS
16.4.4 EXPANSIONS
16.5 COMPETITIVE LEADERSHIP MAPPING FOR SEMI-AUTONOMOUS AND AUTONOMOUS TRUCK MARKET
16.5.1 STARS
16.5.2 EMERGING LEADERS
16.5.3 PERVASIVE
16.5.4 EMERGING COMPANIES
16.6 STRENGTH OF PRODUCT PORTFOLIO
16.7 BUSINESS STRATEGY EXCELLENCE
16.8 WINNERS VS. TAIL-ENDERS
17 COMPANY PROFILES (Page No. - 177)
17.1 KEY PLAYERS
(Business overview, Products offered, Recent Developments, SWOT analysis, MNM view)*
17.1.1 AB VOLVO
17.1.2 BOSCH
17.1.3 CONTINENTAL
17.1.4 DENSO
17.1.5 APTIV
17.1.6 EMBARK
17.1.7 DAIMLER
17.1.8 WAYMO
17.1.9 TESLA
17.1.10 PACCAR
17.1.11 NVIDIA
17.1.12 TUSIMPLE
*Details on Business overview, Products offered, Recent Developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.
17.2 OTHER MAJOR PLAYERS
17.2.1 NORTH AMERICA
17.2.1.1 Qualcomm
17.2.1.2 Intel
17.2.1.3 Uber
17.2.1.4 Nvidia
17.2.1.5 Ford Motor Co.
17.2.1.6 Caterpillar
17.2.2 EUROPE
17.2.2.1 Scania
17.2.2.2 NXP
17.2.2.3 IVECO
17.2.2.4 ZF
17.2.2.5 MAN SE
17.2.2.6 BMW
17.2.2.7 2getthere
17.2.3 ASIA PACIFIC
17.2.3.1 Hino Motors, Ltd.
17.2.3.2 Isuzu Motors Ltd.
18 RECOMMENDATIONS BY MARKETSANDMARKETS (Page No. - 217)
18.1 NORTH AMERICA WILL BE A MAJOR SEMI-AUTONOMOUS AND AUTONOMOUS TRUCK MARKET
18.2 LAST MILE DELIVERY TRUCKS CAN BE A KEY FOCUS FOR AUTONOMOUS DRIVING TECHNOLOGY COMPANIES
18.3 CONCLUSION
19 APPENDIX (Page No. - 218)
19.1 KEY INSIGHTS OF INDUSTRY EXPERTS
19.2 DISCUSSION GUIDE
19.3 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
19.4 AVAILABLE CUSTOMIZATIONS
19.5 RELATED REPORTS
19.6 AUTHOR DETAILS
LIST OF TABLES (124 Tables)
TABLE 1 INCLUSIONS & EXCLUSIONS FOR THE SEMI-AUTONOMOUS TRUCK MARKET
TABLE 2 US HOURS OF SERVICE REGULATIONS
TABLE 3 KEY PLAYERS IN THE GLOBAL TRUCK PLATOONING MARKET
TABLE 4 MARKET SIZE (MOST LIKELY), BY REGION, 2024–2030 (UNITS)
TABLE 5 MARKET SIZE (OPTIMISTIC), BY REGION, 2024–2030 (UNITS)
TABLE 6 MARKET SIZE (PESSIMISTIC), BY REGION, 2024–2030 (UNITS)
TABLE 7 PATENTS FILED
TABLE 8 SOME NOTEWORTHY TESTING AND TRIALS OF AUTONOMOUS TRUCKS
TABLE 9 MARKET SIZE, BY APPLICATION, 2024-2030 (UNITS)
TABLE 10 PLAYERS OPERATING IN AUTONOMOUS MINING TRUCKS AND THEIR FLEET SIZE
TABLE 11 LAST MILE DELIVERY TRUCK: MARKET SIZE, BY REGION, 2024–2030 (UNITS)
TABLE 12 MINING TRUCK: MARKET SIZE, BY REGION, 2024–2030 (UNITS)
TABLE 13 SEMI-AUTONOMOUS TRUCK MARKET SIZE, BY ADAS FEATURE, 2018–2025 (THOUSAND UNITS)
TABLE 14 CRASH REDUCTION THROUGH APPLICATION OF ADAS SYSTEMS
TABLE 15 ADAPTIVE CRUISE CONTROL (ACC): MARKET SIZE, BY REGION, 2018–2025 (THOUSAND UNITS)
TABLE 16 AUTOMATIC EMERGENCY BRAKING (AEB): MARKET SIZE, BY REGION, 2018–2025 (THOUSAND UNITS)
TABLE 17 BLIND SPOT DETECTION (BSD): MARKET SIZE, BY REGION, 2018–2025 (THOUSAND UNITS)
TABLE 18 INTELLIGENT PARKING ASSISTANCE (IPA): MARKET SIZE, BY REGION, 2018–2025 (THOUSAND UNITS)
TABLE 19 LANE KEEP ASSIST (LKA): MARKET SIZE, BY REGION, 2018–2025 (THOUSAND UNITS)
TABLE 20 TRAFFIC JAM ASSIST (TJA): MARKET SIZE, BY REGION, 2018–2025 (THOUSAND UNITS)
TABLE 21 HIGHWAY PILOT (HP): MARKET SIZE, BY REGION, 2018–2025 (THOUSAND UNITS)
TABLE 22 SEMI-AUTONOMOUS TRUCK MARKET SIZE, BY LEVEL OF AUTOMATION, 2018–2025 (THOUSAND UNITS)
TABLE 23 TOP FIVE BEST-SELLING PICKUP TRUCKS WITH LEVEL 1 AUTONOMY FEATURES IN THE US
TABLE 24 LEVEL 1: MARKET SIZE, BY REGION, 2018–2025 (THOUSAND UNITS)
TABLE 25 LEVEL 2 & 3: MARKET SIZE, BY REGION, 2018–2025 (THOUSAND UNITS)
TABLE 26 MARKET SIZE, BY LEVEL OF AUTOMATION, 2024–2030 (UNITS)
TABLE 27 LEVEL 4: MARKET SIZE, BY REGION, 2024–2030 (UNITS)
TABLE 28 LEVEL 5: MARKET SIZE, BY REGION, 2024–2030 (UNITS)
TABLE 29 MARKET SIZE, BY PROPULSION TYPE, 2018–2025 (THOUSAND UNITS)
TABLE 30 MARKET SIZE, BY PROPULSION TYPE, 2024–2030 (UNITS)
TABLE 31 LARGE TRUCK CRASHES IN THE USE, BY ROAD TYPE (2018)
TABLE 32 DIESEL: MARKET SIZE, BY REGION, 2018-2025 (THOUSAND UNITS)
TABLE 33 DIESEL: MARKET SIZE, BY REGION, 2024–2030 (UNITS)
TABLE 34 ELECTRIC: MARKET SIZE, BY REGION, 2018–2025 (THOUSAND UNITS)
TABLE 35 ELECTRIC: MARKET SIZE, BY REGION, 2024–2030 (UNITS)
TABLE 36 HYBRID: MARKET SIZE, BY REGION, 2018–2025 (THOUSAND UNITS)
TABLE 37 HYBRID: MARKET SIZE, BY REGION, 2024–2030 (UNITS)
TABLE 38 MARKET SIZE, BY SENSOR TYPE, 2018–2025 (THOUSAND UNITS)
TABLE 39 MARKET SIZE, BY SENSOR TYPE, 2018–2025 (USD MILLION)
TABLE 40 MARKET SIZE, BY SENSOR TYPE, 2024–2030 (THOUSAND UNITS)
TABLE 41 MARKET SIZE, BY SENSOR TYPE, 2024–2030 (USD THOUSAND)
TABLE 42 COMMERCIAL VEHICLE SALES DATA, 2016–2019, UNITS
TABLE 43 CAMERA: SEMI-AUTONOMOUS TRUCK MARKET SIZE, BY REGION,2018–2025 (THOUSAND UNITS)
TABLE 44 CAMERA: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 45 CAMERA: MARKET SIZE, BY REGION, 2024–2030 (THOUSAND UNITS)
TABLE 46 CAMERA: MARKET SIZE, BY REGION, 2024–2030 (USD THOUSAND)
TABLE 47 RADAR: MARKET SIZE, BY REGION, 2018–2025 (THOUSAND UNITS)
TABLE 48 RADAR: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 49 RADAR: MARKET SIZE, BY REGION, 2018–2025 (THOUSAND UNITS)
TABLE 50 RADAR: MARKET SIZE, BY REGION, 2018–2025 (USD THOUSAND)
TABLE 51 LIDAR: SEMI-AUTONOMOUS TRUCK MARKET SIZE, BY REGION, 2018–2025 (THOUSAND UNITS)
TABLE 52 LIDAR: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 53 LIDAR: MARKET SIZE, BY REGION, 2024–2030 (THOUSAND UNITS)
TABLE 54 LIDAR: MARKET SIZE, BY REGION, 2024–2030 (USD THOUSAND)
TABLE 55 ULTRASONIC: SEMI-AUTONOMOUS TRUCK MARKET SIZE, BY REGION, 2018–2025 (THOUSAND UNITS)
TABLE 56 ULTRASONIC: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 57 ULTRASONIC: MARKET SIZE, BY REGION, 2024–2030 (THOUSAND UNITS)
TABLE 58 ULTRASONIC: MARKET SIZE, BY REGION, 2024–2030 (USD THOUSAND)
TABLE 59 SEMI-AUTONOMOUS TRUCK MARKET SIZE, BY TRUCK CLASS, 2020–2025 (THOUSAND UNITS)
TABLE 60 CLASS 7 & 8 TRUCKS LEADING THE DEVELOPMENT OF SEMI-AUTONOMOUS AND AUTONOMOUS DRIVING SOLUTIONS
TABLE 61 CLASS 1–CLASS 3: MARKET SIZE, BY REGION, 2018–2025 (THOUSAND UNITS)
TABLE 62 CLASS 4–CLASS 6: MARKET SIZE, BY REGION, 2018–2025 (THOUSAND UNITS)
TABLE 63 CLASS 7 & CLASS 8: MARKET SIZE, BY REGION, 2018–2025 (THOUSAND UNITS)
TABLE 64 MARKET SIZE, BY REGION, 2018–2025 (THOUSAND UNITS)
TABLE 65 MARKET SIZE, BY REGION, 2024–2030 (UNITS)
TABLE 66 MARKET SIZE, BY REGION, 2024–2030 (USD MILLION)
TABLE 67 AUTOMOBILE ASSEMBLY AND PRODUCTION PLANTS IN EUROPE, BY COUNTRY
TABLE 68 EUROPE: MARKET SIZE, BY COUNTRY, 2018–2025 (THOUSAND UNITS)
TABLE 69 GERMANY: MARKET SIZE, BY LEVEL OF AUTOMATION, 2018–2025 (THOUSAND UNITS)
TABLE 70 ITALY: MARKET SIZE, BY LEVEL OF AUTOMATION, 2018–2025 (THOUSAND UNITS)
TABLE 71 UK: MARKET SIZE, BY LEVEL OF AUTOMATION, 2018–2025 (THOUSAND UNITS)
TABLE 72 SPAIN: MARKET SIZE, BY LEVEL OF AUTOMATION, 2018–2025 (THOUSAND UNITS)
TABLE 73 FRANCE: MARKET SIZE, BY LEVEL OF AUTOMATION, 2018–2025 (THOUSAND UNITS)
TABLE 74 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2018–2025 (THOUSAND UNITS)
TABLE 75 US: MARKET SIZE, BY LEVEL OF AUTOMATION, 2018–2025 (THOUSAND UNITS)
TABLE 76 CANADA: MARKET SIZE, BY LEVEL OF AUTOMATION, 2018–2025 (THOUSAND UNITS)
TABLE 77 MEXICO: MARKET SIZE, BY LEVEL OF AUTOMATION, 2018–2025 (THOUSAND UNITS)
TABLE 78 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2018–2025 (THOUSAND UNITS)
TABLE 79 CHINA: MARKET SIZE, BY LEVEL OF AUTOMATION, 2018–2025 (THOUSAND UNITS)
TABLE 80 JAPAN: MARKET SIZE, BY LEVEL OF AUTOMATION, 2018–2025 (THOUSAND UNITS)
TABLE 81 INDIA: MARKET SIZE, BY LEVEL OF AUTOMATION, 2018–2025 (THOUSAND UNITS)
TABLE 82 SOUTH KOREA: MARKET SIZE, BY LEVEL OF AUTOMATION, 2018–2025 (THOUSAND UNITS)
TABLE 83 ROW: MARKET SIZE, BY COUNTRY, 2018–2025 (THOUSAND UNITS)
TABLE 84 BRAZIL: MARKET SIZE, BY LEVEL OF AUTOMATION, 2018–2025 (THOUSAND UNITS)
TABLE 85 RUSSIA: MARKET SIZE, BY LEVEL OF AUTOMATION, 2018–2025 (THOUSAND UNITS)
TABLE 86 COLLABORATIONS/JOINT VENTURES/SUPPLY CONTRACTS/PARTNERSHIPS/ AGREEMENTS, 2017–2019
TABLE 87 NEW PRODUCT DEVELOPMENTS, 2017–2018
TABLE 88 MERGERS & ACQUISITIONS, 2016–2017
TABLE 89 EXPANSIONS, 2017-2019
TABLE 90 WINNERS VS. TAIL-ENDERS
TABLE 91 AB VOLVO: THE COMPANY OFFERS THE FOLLOWING PRODUCTS:
TABLE 92 AB VOLVO: NEW PRODUCT LAUNCHES
TABLE 93 AB VOLVO: PARTNERSHIPS/COLLABORATIONS/JOINT VENTURES/SUPPLY CONTRACTS/ AGREEMENTS/MERGERS & ACQUISITIONS
TABLE 94 BOSCH: THE COMPANY OFFERS THE FOLLOWING PRODUCTS:
TABLE 95 BOSCH: NEW PRODUCT LAUNCHES
TABLE 96 BOSCH: PARTNERSHIPS/COLLABORATIONS/JOINT VENTURES/SUPPLY CONTRACTS/ AGREEMENTS/MERGERS & ACQUISITIONS
TABLE 97 CONTINENTAL: THE COMPANY OFFERS THE FOLLOWING PRODUCTS:
TABLE 98 CONTINENTAL: NEW PRODUCT LAUNCHES/EXPANSIONS
TABLE 99 CONTINENTAL: PARTNERSHIPS/COLLABORATIONS/JOINT VENTURES/ AGREEMENTS/MERGERS & ACQUISITIONS
TABLE 100 DENSO: THE COMPANY OFFERS THE FOLLOWING PRODUCTS:
TABLE 101 DENSO: NEW PRODUCT LAUNCHES/EXPANSIONS
TABLE 102 DENSO: PARTNERSHIPS/COLLABORATIONS/JOINT VENTURES/AGREEMENTS/ MERGERS & ACQUISITIONS
TABLE 103 APTIV: THE COMPANY OFFERS THE FOLLOWING PRODUCTS:
TABLE 104 APTIV: NEW PRODUCT LAUNCHES/EXPANSIONS
TABLE 105 APTIV: PARTNERSHIPS/COLLABORATIONS/JOINT VENTURES/AGREEMENTS/ MERGERS & ACQUISITIONS
TABLE 106 EMBARK: THE COMPANY OFFERS THE FOLLOWING PRODUCTS/TECHNOLOGIES:
TABLE 107 EMBARK: NEW PRODUCT LAUNCHES/EXPANSIONS
TABLE 108 EMBARK: PARTNERSHIPS/COLLABORATIONS/JOINT VENTURES/ AGREEMENTS/MERGERS & ACQUISITIONS
TABLE 109 DAIMLER: THE COMPANY OFFERS THE FOLLOWING PRODUCTS:
TABLE 110 DAIMLER: NEW PRODUCT LAUNCHES
TABLE 111 DAIMLER: PARTNERSHIPS/COLLABORATIONS/JOINT VENTURES/ AGREEMENTS/MERGERS & ACQUISITIONS
TABLE 112 WAYMO: THE COMPANY OFFERS THE FOLLOWING PRODUCTS:
TABLE 113 WAYMO: NEW PRODUCT LAUNCHES
TABLE 114 WAYMO: PARTNERSHIPS/COLLABORATIONS/JOINT VENTURES/AGREEMENTS/ MERGERS & ACQUISITIONS
TABLE 115 TESLA: NEW PRODUCT DEVELOPMENTS
TABLE 116 TESLA: EXPANSIONS
TABLE 117 TESLA: PARTNERSHIPS/COLLABORATIONS/JOINT VENTURES/SUPPLY CONTRACTS/ AGREEMENTS/MERGERS & ACQUISITIONS
TABLE 118 PACCAR: THE COMPANY OFFERS THE FOLLOWING PRODUCTS:
TABLE 119 PACCAR: NEW PRODUCT LAUNCHES
TABLE 120 PACCAR: PARTNERSHIP/COLLABORATION/JOINT VENTURES/AGREEMENTS/ MERGERS & ACQUISITIONS
TABLE 121 NVIDIA: THE COMPANY OFFERS THE FOLLOWING PRODUCTS:
TABLE 122 NVIDIA: NEW PRODUCT LAUNCHES
TABLE 123 NVIDIA: PARTNERSHIPS/COLLABORATIONS/JOINT VENTURES/AGREEMENTS/ MERGERS & ACQUISITIONS
TABLE 124 TUSIMPLE: PARTNERSHIPS/COLLABORATIONS/JOINT VENTURES/SUPPLY CONTRACTS/ AGREEMENTS/MERGERS & ACQUISITIONS
LIST OF FIGURES (75 Figures)
FIGURE 1 RESEARCH METHODOLOGY
FIGURE 2 DIESEL
FIGURE 3 HIGH POWER OUTPUT AND TORQUE GENERATED BY DIESEL ENGINES VEHICLES WILL DRIVE THE MARKET
FIGURE 4 INTRODUCTION TO AUTONOMOUS DRIVING TECH IN MILITARY AND MINING TRUCKS TO BOOST THE DIESEL-ELECTRIC SEGMENT
FIGURE 5 ELECTRIC
FIGURE 6 STRINGENT REGULATIONS FOR ZERO EMISSIONS WILL DRIVE DEMAND FOR ELECTRIC SEMI-AUTONOMOUS TRUCKS SIGNIFICANTLY
FIGURE 7 PRESENCE OF OEMS AND AUTONOMOUS DRIVING TECHNOLOGY PROVIDERS TO HELP THE NORTH AMERICAN AUTONOMOUS TRUCK MARKET FOR ELECTRIC PROPULSION
FIGURE 8 HYBRID
FIGURE 9 INCREASING DEMAND FOR EFFICIENT AND LESS-EMITTING TRUCKS TO DRIVE THE MARKET FOR HYBRID SEMI-AUTONOMOUS TRUCKS
FIGURE 10 FOCUS ON DEVELOPING HYBRID PROPULSION TRUCKS BY LEADING OEMS TO DRIVE THE MARKET
FIGURE 11 KEY INDUSTRY INSIGHTS
FIGURE 12 SEMI-AUTONOMOUS AND AUTONOMOUS TRUCK MARKET, BY SENSOR TYPE
FIGURE 13 INTRODUCTION
FIGURE 14 OPERATIONAL DATA
FIGURE 15 ASSUMPTIONS
FIGURE 16 RESEARCH METHODOLOGY
FIGURE 17 CAMERA
FIGURE 18 OEMS OFFERING ADVANCED PICKUP TRUCKS IN THE REGION TO BOOST THE NORTH AMERICAN REGION
FIGURE 19 3600 VIEW PROVIDED BY CAMERA SENSORS WILL FUEL THE MARKET
FIGURE 20 RADAR
FIGURE 21 HIGH DEMAND FOR ACCURATE DATA WITH A PRECISE ANGULAR RESOLUTION WILL DRIVE THE RADAR SENSORS IN SEMI-AUTONOMOUS AND AUTONOMOUS MARKET
FIGURE 22 LIDAR
FIGURE 23 ADAS APPLICATIONS SUPPORTED BY LIDAR WILL FUEL THE MARKET
FIGURE 24 ULTRASONIC
FIGURE 25 SHORT RANGE OBJECT DETECTION BY ULTRASONIC SENSORS WILL BOOST THE MARKET
FIGURE 26 KEY INDUSTRY INSIGHTS
FIGURE 27 SEMI-AUTONOMOUS TRUCK MARKET, BY TRUCK CLASS
FIGURE 28 INTRODUCTION
FIGURE 29 OPERATIONAL DATA
FIGURE 30 ASSUMPTIONS
FIGURE 31 RESEARCH METHODOLOGY
FIGURE 32 CLASS 1–CLASS 3 (LIGHT-DUTY TRUCK)
FIGURE 33 INCREASING DEMAND FOR LIGHT-DUTY TRUCKS WILL FUEL THE SEMI-AUTONOMOUS TRUCK MARKET
FIGURE 34 CLASS 4–CLASS 6 (MEDIUM-DUTY TRUCK)
FIGURE 35 FOCUS ON SAFETY AND COMFORT FEATURES TO MAKE WAY FOR SEMI-AUTONOMOUS TRUCKS
FIGURE 36 CLASS 7 & CLASS 8
FIGURE 37 OEMS AND TECHNOLOGY COMPANIES FOCUSING ON TESTING CLASS 8 TRUCKS WITH ADVANCED TECHNOLOGIES TO DRIVE THE NORTH AMERICAN MARKET
FIGURE 38 KEY INDUSTRY INSIGHTS
FIGURE 39 SEMI-AUTONOMOUS AND AUTONOMOUS TRUCK MARKET, BY REGION
FIGURE 40 INTRODUCTION
FIGURE 41 INCREASING DEMAND FOR SAFE COMMERCIAL VEHICLES IS EXPECTED TO DRIVE THE MARKET
FIGURE 42 COMPANIES FOCUSING ON REDUCING DELIVERY/TRANSPORTATION COST ARE EXPECTED TO DRIVE THE MARKET
FIGURE 43 EUROPE
FIGURE 44 PRESENCE OF LEADING TECHNOLOGY PROVIDERS IN THE REGION TO DRIVE THE EUROPEAN MARKET
FIGURE 45 GERMANY
FIGURE 46 Presence of key players to drive the German market
FIGURE 47 ITALY
FIGURE 48 Increasing vehicle safety concerns will fuel the Italian market
FIGURE 49 UK
FIGURE 50 Increasing initiatives from various institutions for installation of ADAS features will drive the UK market
FIGURE 51 SPAIN
FIGURE 52 Upcoming safety features mandate in the European region would boost the Spanish market as well
FIGURE 53 FRANCE
FIGURE 54 Increasing trend of adoption of safe vehicles will fuel the French market
FIGURE 55 NORTH AMERICA
FIGURE 56 US
FIGURE 57 Increasing efforts from the government for adoption of ADAS and large sales of advanced pickup trucks to drive the US market
FIGURE 58 CANADA
FIGURE 59 Increasing number of tests conducted by the government will drive the Canadian market
FIGURE 60 MEXICO
FIGURE 61 Trade agreements like NAFTA will drive the Mexican market
FIGURE 62 ASIA PACIFIC
FIGURE 63 CHINA
FIGURE 64 Increasing demand for driver safety in mining applications to drive the market for semi-autonomous trucks
FIGURE 65 JAPAN
FIGURE 66 Upcoming safety regulations will drive the Japanese semi-autonomous market
FIGURE 67 INDIA
FIGURE 68 Increasing government initiatives toward improving road safety to drive the Indian market
FIGURE 69 SOUTH KOREA
FIGURE 70 Mandating of FCW and LDW will fuel the South Korean market
FIGURE 71 REST OF THE WORLD (ROW)
FIGURE 72 BRAZIL
FIGURE 73 Need to reduce traffic accidents will drive the market in Brazil
FIGURE 74 RUSSIA
FIGURE 75 Presence of companies investing and developing self-driving vehicles in Russia will trigger the market
The study involved four major activities in estimating the current market size of the semi-autonomous and autonomous truck market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across value chains through primary research. The top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation processes were used to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources such as company annual reports/presentations, press releases, industry association publications [for example, publications of truck OEMs, Canadian Automobile Association (CAA), International Energy Agency (IEA), Federal Transit Administration (FTA), Regional Transportation Authority (RTA), country-level automotive associations and trade organizations, and the US Department of Transportation (DOT)], truck magazine articles, directories, technical handbooks, World Economic Outlook, trade websites, government organizations websites, and technical articles have been used to identify and collect information useful for an extensive commercial study of the global semi-autonomous and autonomous truck market.
Primary Research
Extensive primary research has been conducted after acquiring an understanding of this market scenario through secondary research. Several primary interviews have been conducted with market experts from the demand- and supply-side OEMs (in terms of component supply, country-level government associations, and trade associations) and component manufacturers across three major regions, namely, Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. Approximately 30% and 70% of primary interviews have been conducted from the demand and supply side, respectively. Primary data has been collected through questionnaires, emails, LinkedIn, and telephonic interviews. In the canvassing of primaries, we have strived to cover various departments within organizations, such as sales, operations, and administration, to provide a holistic viewpoint in our report.
After interacting with industry experts, we conducted brief sessions with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report. Following is the breakdown of primary respondents.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
The top-down approach was used to estimate and validate the total market size. This method was also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry and markets have been identified through extensive secondary research
- The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources
Data Triangulation
After arriving at the overall market size-using the market size estimation processes as explained above-the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Report Objectives:
- To analyze the semi-autonomous truck market and forecast its size, in terms of volume (units), from 2018 to 2025
- To analyze the market and forecast its size, in terms of volume (units), from 2024 to 2030
- To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- To segment the market and forecast the market size, by volume (units), based on propulsion type (Diesel, Hybrid, and Electric)
- To segment the market and forecast the market size, by volume (Units) and value (USD thousand), based on sensor type (Radars, LIDAR, Ultrasonic, and Cameras)
- To segment the market and forecast the market size, by volume (units), based on the level of automation (Level 1, Level 2 & Level 3)
- To segment the market and forecast the market size, by volume (units), based on the level of automation (Level 4 and Level 5)
- To segment the market and forecast the market size, by volume (units), based on truck class (Class 1 to Class 3 (Light-duty trucks), Class 4 to Class 6 (Medium-duty trucks), Class 7 & Class 8 (Heavy-duty trucks))
- To segment the market and forecast the market size, by volume (units), based on ADAS features (Adaptive Cruise Control, Traffic Jam Assist, Intelligent Park Assist, Automatic Emergency Braking, Blind Spot Detection, Highway Pilot, and Lane Keep Assist)
- To segment the market and forecast the market size, by volume (units), based on application (Last-Mile Delivery Truck and Mining Truck).
- To segment the market and forecast its size, by volume, based on region (Asia Pacific, Europe, North America, and Rest of the world (RoW))
- To strategically profile key players and comprehensively analyze their market shares and core competencies
- To track and analyze competitive developments such as joint ventures, mergers & acquisitions, new product launches, expansions, and other activities carried out by key industry participants
Available Customizations
With the given market data, MarketsandMarkets offers customizations in line with the company’s specific needs.
- Semi-Autonomous and Autonomous Truck Market, By Sensor Type at country level (For countries covered in the report)
- Semi-Autonomous and Autonomous Truck Market, By Propulsion Type at country level (For countries covered in the report)
Company Information
- Profiling of Additional Market Players (Up to 5)
Growth opportunities and latent adjacency in Semi-Autonomous & Autonomous Truck Market