Autonomous Trucks Market To Capture A 15.6% CAGR In Forecast Period. Global Autonomous Trucks Market To Profit From Self-Driving Trucks Demand. The Autonomous Trucks Market To is expected to observe a 15.6% CAGR in the duration of the forecast period. The autonomous trucks industry is segmented on the basis of components, sensor type, technology, and region.
The foremost competitors in the autonomous trucks market are AB Volvo (Sweden), Ford Motor Co. (U.S.), General Motor Company (U.S.), Uber Technologies Inc. (U.S.), BMW AG (Germany), Delphi Automotive PLC (Ireland), Volkswagen AG (Germany), Google Inc (U.S.), Robert Bosch GmbH (Germany), Tesla Inc. (U.S.), Embark Trucks (U.S.).
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Autonomous Trucks Market Overview:
The demand for autonomous trucks has surged due to increasing popularity and inclination towards digitization and technological advancements. Market reports related with the automobile industry have been presented by Market Research Future which makes reports on other industry verticals that aims to analyze the current market scenarios better.
The autonomous truck is a commercially used vehicle that relies on different techniques that enable it to sense the surrounding and to navigate without any human input. Autonomous trucks majorly rely on satellites, guided systems and ground sensors. These systems identify obstacles and relevant signage to give proper navigation to the trucks for running without damage.
The broadening scope of operation of logistics companies has raised the demand for autonomous trucks globally, as the logistics operation form an important part of business transactions. The developments witnessed in guided systems, satellites and ground sensors are increasing the demand for autonomous trucks as the incorporation of these technologies is improving the performance of the trucks. The market is expected to capture significant growth advantages in the forecast period owing to mounting volumes of shipment globally.
Segmental Analysis:
The component basis of segmenting the autonomous trucks market consists of hardware and software. Based on the sensor type, the autonomous trucks market is segmented into ultrasonic, LiDAR, image, radar, and others. The technology basis of segmenting the autonomous trucks market comprises of fully automated trucks and semi-automated trucks. The regions counted in the autonomous trucks market are North America, Asia Pacific, Europe, and Rest of the World.
Detailed Regional Analysis:
The regional analysis of the autonomous trucks market comprises of regions such as North America, Europe, Asia Pacific, and Rest of the World. The North American region is anticipated to control the growth of the market amongst all the regions during the forecast period trailed by the European region. The increased rate of technology implementation, the amplified volume of foreign tonnage, and the incidence of chief autonomous trucks producers, such as Embark trucks and Uber Technologies are anticipated to push the progress of the region through the forecast period. The availability of contemporary infrastructure facilities and the sharp uptick in demand for automobiles are further driving the market.
Competitive Analysis:
The creation of a strong value chain is moreover motivating the expansion of the market. The market shows potential for demonstrating a greater comparative or differential value. The market trends hint at favorable development of the products that can bring in novelty to the product range and address the customer need better. The presence of a productive entity is expected to generate more sales or superior margins compared to its market rivals. The advent of new technology has boosted the growth potential of the market. Extensive cutbacks in administrative finances are bringing further development to the market. The market competitors find themselves in a favorable position with the ability to manage the pace of change.
Industry Updates:
Feb 2019 Ike, a San Francisco-based startup has raised $52 million in Series A funding. The company is developing autonomous trucks with the objective of growing safety, making a commercial offering at scale, and assisting in the improvement of the livelihoods of human drivers. The round was led by Bain Capital Ventures with participation from Fontinalis Partners, Redpoint Ventures, Basis Set Ventures, and Neo. Ike proposes to spend the funding to keep on adding staffers, even as it takes a more careful approach to autonomous vehicles than other self-driving businesses.
Feb 2019 Ontario’s Ministry of Transportation is increasing its 10-year pilot plan to test and assess the usage of automated vehicles (AVs) on Ontario’s roadways. The
government has announced a pilot program for cooperative truck platooning (Platoon Pilot) to that effect that it will test.
The report for Global Autonomous Trucks Market of Market Research Future covers extensive primary research. This is accompanied with a detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a neat picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.
LIST OF TABLES:
TABLE 1 GLOBAL AUTONOMOUS TRUCKS MARKET: BY REGION, 2018-2023
TABLE 2 NORTH AMERICA AUTONOMOUS TRUCKS MARKET: BY COUNTRY, 2018-2023
TABLE 3 EUROPE AUTONOMOUS TRUCKS MARKET: BY COUNTRY, 2018-2023
TABLE 4 ASIA PACIFIC AUTONOMOUS TRUCKS MARKET: BY COUNTRY, 2018-2023
TABLE 5 ROW AUTONOMOUS TRUCKS MARKET: BY COUNTRY, 2018-2023
TABLE 6 GLOBAL AUTONOMOUS TRUCKS MARKET, BY COMPONENT, BY REGIONS, 2018-2023
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