Report Ocean offers a thorough analysis of the Autonomous Trucks Market, including assessments of business solutions, studies and advancements, applications, advantages, benefits, and breadth. This market research study on Autonomous Trucks Market provides a thorough analysis and improvement of the important business producers, opportunities, difficulties, and worldwide suppliers as well as a close investigation of risks and access restrictions. Additionally, it provides a competitive analysis of the most recent technological advancements, innovations, future market potential, industry share, sales, sales generation, funding analysis, and overall business environment.
Global Autonomous Trucks Market is valued at approximately USD $$ million in 2021 and is anticipated to grow with a healthy growth rate of more than $$ over the forecast period 2022-2028.
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Autonomous Trucks are self-driving trucks with the ability to operate without any human intervention. It includes advanced technological features such as tracking, safety and security applications, real-time computer systems, etc. The Autonomous Trucks market is expanding because of factors such as the rising demand for road safety and traffic control and the capability of autonomous trucks to alleviate the truck driver shortage
According to Save Life Foundation in 2019, SaveLIFE Foundation, in collaboration with the Transport Department, The government of Uttar Pradesh organized an expert consultation on 10th February 2021 on two crucial road safety provisions under the Motor Vehicles (Amendment) Act, 2019 providing the rulemaking power to the State Government at Transport Department Office in Lucknow and also Lok Sabha has introduced the motor Vehicle bill in 2019.
. Whereas rising demand for 5G technology for vehicle connectivity and growing demand for semi-autonomous and autonomous truck platooning create lucrative opportunities for the market. However, the threat of cyberattacks and data privacy concerns hampers the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Autonomous Trucks Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue generation, owing to the increasing technological advancement entering the autonomous driving segment, and the growing electrification of vehicles due to infrastructure development by market players. Whereas North America is expected to grow significantly during the forecast period, owing to factors such as increasing government regulation and public awareness of safety concerns
Major market players included in this report are:
AB Volvo
Mercedes Benz Group
Traton SE
TuSimple
Fabu Technology
Tesla Inc.
Paccar Inc
BYD Co. Ltd.
Einride
Embark
Recent Developments in the Market:
In 2021 – Daimler Trucks will launch a new industry standard scalable truck platform for autonomous driving in 2021, capable of producing ASE level 4 autonomous trucks with redundant systems for added safety.
In October 2020 – Daimler will collaborate with Waymo to develop fully driverless semi-trucks in October 2020. Waymo’s autonomous driving technology is being integrated into Daimler’s trucks as part of this strategic partnership.
Global Autonomous Trucks Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Components, Sensor, Technology, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Components:
Hardware
Software
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By Sensor:
LiDAR,
Image,
Radar,
Ultrasonic
Others
By Technology:
Semi-Automated Trucks
Fully Automated Trucks
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the following important queries are addressed:
- What is the Global market’s sales value, production value, consumption value, import, and export (including North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major manufacturers in this sector on a global scale? How are their capacity, production, sales, pricing, cost, gross, and revenue operating?
- What are the vendors’ market prospects and risks in the international industry?
- Which product types, end users, or applications might be looking for additional growth prospects? What is each type and application’s market share?
- What specific strategies and limitations are keeping the market in check?
- What is the various marketing, sales, and distribution channels in the international market?
- What are the upstream raw materials, as well as the manufacturing machinery?
- What are the Market opportunities, market risk, and market overview of this industry?
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