Top Companies in Semi-Autonomous & Autonomous Trucks and Buses Industry - Daimler Truck AG (Germany), AB Volvo (Sweden), Iveco S.p.A. (Netherlands), MAN Truck and Bus SE (Germany), Robert Bosch GmbH (Germany) and Continental AG (Germany)
The Semi-autonomous & autonomous Trucks and Buses market size is projected to grow from USD 40.7 billion in 2024 to USD 179.9 billion by 2035, at a CAGR of 14.4%. Factors such as safety regulations imposed by lawmakers, such as mandates regarding autonomous vehicles, safety, technological advancement in sensors, and others are expected to increase the demand for Semi-autonomous & autonomous Trucks and Buses.
The Semi-autonomous & autonomous Trucks and Buses market is dominated by global players such as Daimler Truck AG (Germany), AB Volvo (Sweden), Iveco S.p.A. (Netherlands), MAN Truck and Bus SE (Germany), Robert Bosch GmbH (Germany), Continental AG (Germany), NVIDIA Corporation (US), and others. These companies adopted new product development strategies, expansion, partnerships & collaborations, and mergers & acquisitions to gain traction in the market.
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AB Volvo
AB Volvo has existing infrastructure, including factories and dealerships, which gives it a significant advantage over pure-play technology companies that would need to build these capabilities from scratch. AB Volvo recognizes the importance of collaboration in this rapidly evolving field. The company has partnered with industry leaders such as Nvidia, a pioneer in artificial intelligence and graphics processing units (GPUs) crucial for autonomous systems. This partnership allows AB Volvo to leverage NVIDIA’s expertise in AI and develop a robust software backbone for their autonomous trucks. Additionally, by partnering with existing customers during pilot programs, AB Volvo gathers valuable feedback and tailors their solutions to specific needs.
Daimler Truck AG
Daimler Truck AG develops and integrates hardware and software components for autonomous trucks, granting them a significant degree of control over system optimization and efficiency. Daimler Truck AG maintains operations across key markets worldwide. This extensive global reach affords them a strategic advantage in terms of scaling up deployments of autonomous trucks. Additionally, its established network of dealerships and service centers offers a streamlined approach to maintenance and support for these autonomous vehicles. While possessing substantial in-house expertise, Daimler Truck AG recognizes the value of strategic partnerships. The company has collaborated with industry leaders like Bosch, a renowned automotive technology company, to bolster their software solutions. This approach allows them to leverage best-in-class technology where necessary.
MAN Truck and Bus SE
MAN Truck & Bus SE has an established presence and strategy to strengthen its position in autonomous technology. It has a robust manufacturing infrastructure across Europe, a crucial asset for the mass production of autonomous trucks. This existing network can be readily adapted for building autonomous vehicles once their technology is ready. The company has a well-established brand reputation within the European trucking industry. This brand recognition translates to a loyal customer base that is more likely to consider and adopt their autonomous truck solutions in the future.
Iveco S.p.A.
IVECO S.p.A. is one of the major players in the semi-autonomous truck market. IVECO has a well-developed manufacturing infrastructure, a critical asset for bringing autonomous trucks to scale. IVECO S.p.A. recognizes the value of collaboration for accelerating progress in the complex field of autonomous vehicles. Partnering with established players such as EasyMile (France) brings several advantages, such as successful real-world testing, high capacity and precision, and advanced fleet management solutions. Combining knowledge and experience from companies shortens development cycles and leverages the strengths of each partner. EasyMile (France), a specialist in autonomous vehicle technology, can contribute its expertise in areas like sensor fusion, path planning, and control systems. IVECO S.p.A., with its extensive knowledge of bus design, manufacturing, and safety regulations, can ensure the developed solutions are practical and meet industry standards. Collaboration allows for shared resources and financial investment, potentially reducing the risks of developing this new technology.
Aurora Innovation Inc.
Aurora Innovation Inc. is one of the global players in the semi-autonomous truck and bus market. It offers sensors, cameras, radar, LiDAR systems, and AI software that interprets the data and guides the vehicle. The company leverages partnerships with industry giants such as PACCAR Inc. and AB Volvo. These collaborations grant Aurora Innovation Inc. access to existing production infrastructure and a wider customer base for its technology.
Related Reports:
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
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