An autonomous truck, which is also known as self-driving truck, can run on the roads without the physical presence of a human driver. Autonomous trucks utilize advanced technological systems such as improved quality sensors and cameras, which in turn eliminate the requirement of the physical presence of a driver for running the truck. The platooning of vehicles, which is also known as vehicle-to-vehicle interaction, is an upcoming concept in the autonomous truck market and has been gaining significance for the last few years.
Increasing shortage of human drivers has been observed in recent years owing to the ever-increasing volumes of goods and materials being shipped and transported by means of trucks. For example, according to the American Trucking Associations, the trucking industry is witnessed a shortage of nearly 50,000 drivers in 2017, owing to the rising demand for transportation of materials in large volumes by means of trucks. This increasing shortage of human drivers in the trucking industry is expected to drive the autonomous truck market during the forecast period. Furthermore, an autonomous truck does not face the restriction of number of working hours, as is faced by a human driver driving the truck. The usage of an autonomous truck can thus increase the shipping volumes, as compared to those achieved by a truck driven manually by a driver. This is further expected to boost the autonomous truck market in the near future.An autonomous truck also reduces the probability of accidents caused by human error due to driver negligence. This is further anticipated to propel the autonomous truck market during the forecast period. Increasing efforts being taken by the OEMs (original equipment manufacturers) as well as the governments of various nations across the world in order to develop and implement autonomous trucks equipped with high technology at an affordable price are likely to fuel the autonomous truck market in the near future.
The market in North America is expected to expand at a significant growth rate during the forecast period. This is attributed to the high adoption rate of technology in the region and the increasing efforts being taken by OEMs to develop and introduce autonomous trucks in the region. For instance, the startup Embark has developed autonomous trucks that are being utilized to haul refrigerators in California. Uber’s autonomous truck is employed to haul cases of beer across Colorado. The market in Europe is also expected to expand at a considerable growth rate in the near future owing to the increasing efforts being taken by OEMs as well as the European Union to develop and introduce autonomous trucks in the region.
Global Autonomous Trucks market size will reach xx million US$ by 2025, from xx million US$ in 2018, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019-2025 as the forecast period to estimate the market size for Autonomous Trucks.
This industry study presents the global Autonomous Trucks market size, historical breakdown data (2014-2019) and forecast (2019-2025). The Autonomous Trucks production, revenue and market share by manufacturers, key regions and type;
The consumption of Autonomous Trucks in volume terms are also provided for major countries (or regions), and for each application and product at the global level. Market share, growth rate, and competitive factors are also evaluated for market leaders Daimler, Ford motor, etc.
The following manufacturers are covered in this report:
Daimler
Ford motor
AB Volvo
Tesla
IVICO
MAN
DAF
Scania
Autonomous Trucks Breakdown Data by Type
Semi-Automated Trucks
Fully Automated Trucks
Autonomous Trucks Breakdown Data by Application
Agriculture
Construction
Others
Autonomous Trucks Production by Region
United States
Europe
China
Japan
South Korea
India
Other Regions
Autonomous Trucks Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Autonomous Trucks status and future forecast,involving, production, revenue, consumption, historical and forecast.
To present the key Autonomous Trucks manufacturers, production, revenue, market share, SWOT analysis and development plans in next few years.
To segment the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Autonomous Trucks :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Autonomous Trucks market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on Autonomous Trucks . Industry analysis & Market Report on Autonomous Trucks is a syndicated market report, published as Global Autonomous Trucks Market Insights, Forecast to 2025. It is complete Research Study and Industry Analysis of Autonomous Trucks market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.