According to Stratistics MRC, the Global Automated Truck Market is accounted for $0.65 billion in 2019 and is expected to reach $2.22 billion by 2027 growing at a CAGR of 16.6% during the forecast period. Some of the key factors propelling the market growth include rising awareness of the effects of air pollution, increasing rates of traffic & noise exposure, shortage of trucks drivers, and increased supply of goods and materials to various end users. However, privacy and safety issues related to operating software access to data are restraining the market growth.
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On the basis of geography, the Asia Pacific region is expected to have considerable market growth during the forecast period, owing to large and highly advanced mines in the world. Furthermore, the demand for automated trucks in the logistics industry is likely to rise in countries such as Japan, Singapore, and China, due to the presence of large logistics and transport industries in these countries. The decline in the young and working population in Japan is anticipated to rapidly boost the automated truck market in the country in the near future.
Some of the key players in Automated Truck Market include Continental AG, Daimler AG, DENSO Corporation, Intel Corporation, NVIDIA, Caterpillar Inc., ZF Friedrichshafen AG, AB Volvo, Aptiv, EMBARK, Valeo, Hitachi Ltd., Qualcomm Technologies, Inc., Robert Bosch GmbH, Komatsu Corporation, and Delphi Automotive PLC.
Sensors Covered:
• Camera
• Radar
• LiDAR
Automation Levels Covered:
• Level 1
• Level 2
• Level 3
• Level 4
• Level 5
Truck Types Covered:
• Heavy Duty Truck
• Medium Duty Truck
• Cab Integrated Trucks
• Cabless Trucks
Propulsions Covered:
• Hybrid
• Electric
• Diesel
Vehicle Classes Covered:
• Ultra Class Trucks
• Class 8
• Class 9
End Users Covered:
• Mining
• Logistics
• Ports
• Construction
• Transportation
• Retail
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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