Autonomous Trucks Market Overview
Autonomous
Trucks Market is expected to be valued at USD 460
Million with a CAGR of 15.6% Forecast by 2030
Robotic trucks and Self-driving trucks are other
names for Autonomous Trucks. These trucks have all of the most important
features of regular trucks. The self-driving system uses LIDAR (laser radar),
infrared radars, and cameras. Also, they use incredibly accurate sensors,
sophisticated motion sensors, and complex algorithms, among other things, to
let the truck drive itself. Furthermore, the Autonomous Trucks
Market is expected to grow quickly at the time of the market
forecast period. Also, getting rid of traffic jams is a great market
opportunity for Autonomous trucks.
Compared to the rest of the automotive industry,
this part was not as affected by the COVID-19 pandemic. Due to the pandemic,
the lockdown and stoppage of transportation around the world slowed down the
demand for self-driving trucks a little bit. But as markets and trade slowly
open up and the need for automation grows, the Self Driving Truck Market hopes
that the economy will get better.
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List of Key Players
- AB
Volvo (Sweden)
- BMW
AG (Germany)
- General
Motor Company (U.S.)
- Volkswagen
AG (Germany)
- Ford
Motor Co. (U.S.)
- Delphi
Automotive PLC (Ireland)
- Embark
Trucks (U.S.)
- Robert
Bosch GmbH (Germany)
- Uber
Technologies Inc. (U.S.)
- Tesla
Inc. (U.S.)
- Google
Inc (U.S.)
Autonomous Trucks Market Segmentation
The global Autonomous Trucks
Market is split into different groups based on the level of
automation, the ADAS features, the type of sensor, and the region.
The market is split into two groups:
semi-autonomous trucks and fully autonomous trucks. This can be broken down
into even more levels. Level one is the first step towards being able to drive
by yourself. This driver assistance level means that most of the functions,
like steering, accelerating, and stopping, are controlled by the automated
assistance system. Also, human drivers are in charge of all the other parts of
dynamic driving.
For example, keeping an eye on the environment and
taking over the support system when necessary. Level one automation also
includes software that lets vehicles communicate with each other. This enables
trucks to follow each other over short distances of 20 to 50 feet.
Autonomous Trucks Market Regional
Classification
Autonomous Driving Truck Market is the most advanced in North America. Some of the best
tech companies, like Waymo, Intel, Uber, and Embark, are based in this area.
These companies are working on making technology that can run on its own. Also,
testing of self-driving cars has begun in some states in the US. This will make
it possible to develop self-driving trucks even more. For example, Daimler
tested the level 4 self-driving truck in Virginia, US. Also, most pickup trucks
in the area have high-tech, semi-autonomous driving features. GMC and Ford are
two of the most famous companies that make pickup trucks in the US. Soon, Tesla
will put its "Cybertruck" on the market. It will have all the
features of a semi-autonomous vehicle and also have an option to drive itself.
Autonomous Trucks Industry News
This study gives an in-depth look at the
global Autonomous Trucks Market, including current
trends and predictions for the future. This shows where the best places to
invest are right now.
To get a stronger foothold, it's important to know
the profitable trends and figure out how big the market as a whole could be.
The most important companies in the Self-Driven
Truck Market are Daimler AG, Tesla, TuSimple,
Mercedes, and Volvo Group.
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