Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium Global Research on the autonomous truck market provides an in-depth analysis of segments and sub-segments
in the global as well as the regional autonomous truck market. The study also
highlights the impact of drivers, restraints, and macro indicators on the
global and regional autonomous truck market over the short term as well as long
term. The report is a comprehensive presentation of trends, forecast and dollar
values of the global autonomous truck market. According to the report, the global
autonomous truck market is projected to grow at a CAGR of 11.45% over the
forecast period of 2019-2025.
Recently, in June 2019, Starsky Robotics tested its fully unmanned
autonomous truck on a public highway in Florida. Unmanned, autonomous trucks
aren’t just a dream now. Many of the truck manufacturers and new tech start-ups
are developing technologies to make the trucks fully automated. The major
automobile manufacturers such as AB Volvo, General Motors Company and Tesla,
Inc. have already launched their semi-autonomous trucks in the market. The
majority of the key players in the market are acquiring robotics companies for
the technological development of autonomous trucks. Daimler, a global automaker
acquired an American autonomous vehicle company, Torc Robotics to incorporate
the autonomous technology in their trucks.
The extensive shortage of truck drivers is the key factor driving
the autonomous truck market. According to the American Trucking Association,
the trucking industry had registered a shortage of nearly 50,000 drivers in
2017. Moreover, the increasing demand for safety is projected to propel the
growth of the autonomous truck market. The increasing road accidents have led
the governments to implement strict safety regulations for vehicles. Autonomous
vehicles come in with features that comply with all the safety regulations by
the government, which assures the safety of the passenger, goods as well as
other vehicles and pedestrians. Furthermore, the growing demand for
cost-effective transportation is expected to boost the autonomous truck market.
Autonomous trucks save the cost of the driver along with time-efficient and
fuel-efficient driving, which makes the autonomous trucks cost-effective than
the man-driven trucks. However, the cybersecurity concerns related to
autonomous trucks are the major restraining factor for the autonomous truck
market. Additionally, the emergence of 5G and other connectivity solutions is
expected to provide opportunities for autonomous truck manufacturers in the
future.
In terms of region, the North America autonomous truck market
generates the highest revenue. The autonomous truck market in this region holds
a large amount of share of the global market. The domination of the North
America region in the autonomous truck market attributes to the high rate of
adoption of autonomous and semi-autonomous technologies. Moreover, the presence
of key players in the market including Ford Motor Co., General Motors Company,
Tesla, Inc. and Uber Technologies Inc. in the region is expected to boost the
growth of the autonomous truck market in North America.
The report on the global autonomous truck market covers segments such
as level of autonomy, sensor type, and end-use. On the basis of level of
autonomy, the sub-markets include level 1, level 2, level 3, and level 4. On
the basis of sensor type, the sub-markets include camera, LiDAR, radar, and
ultrasonic. On the basis of end-use, the sub-markets include logistics,
construction, mining, manufacturing, and other end-uses.
The report provides profiles of the companies in the market such
as BMW AG, Volkswagen AG, Daimler AG, Isuzu Motors Limited, AB Volvo, Ford
Motor Co., General Motors Company, Tesla, Inc., Toyota Motor Corporation, Uber
Technologies Inc., and other companies.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of the autonomous
truck market. Moreover, the study highlights current market trends and provides
forecast from 2019-2025. We also have highlighted future trends in the market
that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.
Please Choose One of them.