Autonomous Trucks Market 2018 Global SWOT Analysis, Industry Size, Share, Trends, And Forecast To 2023

Autonomous Trucks Market Highlights:

Autonomous Trucks Market Size, Share, Companies, Growth, Trends And SWOT Analysis From 2018 To 2023. Global Autonomous Trucks Market analyzed by by Components (Hardware and Software), Sensor Type (LiDAR, Image, Radar, Ultrasonic and Others), Technology (Semi-Automated Trucks and Fully Automated Trucks), and by Region - Forecast To 2023.

Autonomous Trucks Market Major Companies Analyzed:

Delphi Automotive PLC (Ireland), Google Inc (U.S.), Uber Technologies Inc. (U.S.), Tesla Inc. (U.S.), Volkswagen AG (Germany), Embark Trucks (U.S.), BMW AG (Germany), AB Volvo (Sweden), Ford Motor Co. (U.S.), General Motor Company (U.S.), Robert Bosch GmbH (Germany).

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The market is projected to exhibit a compound annual growth rate of 15.6% during the assessment period (2018-2023). The development of new and advanced software technologies with automated handling system is a major factor driving the market. Suspension manufacturers are working towards the development of new technologies with the objective to remain competitive in the market.

The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

However, increased requirement of fuel efficiency and strict regulation regarding the bad fuel emission will be the greatest challenge for the industry manufacturers. Autonomous trucks are based on advanced software systems and satellite-based servers. This raises the chances of hacking the system, which can result in massive damage to the systems. Furthermore, this would restrain the new entrants.

In terms of region, the global market for autonomous trucks is segmented into North America, Europe, Asia Pacific, and Rest of the World. North America is anticipated to hold the major market revenue share over the forecast period followed by Europe and Asia Pacific. As per the American Trucks Association, Trucks carry 70% of the total goods shipped around the U.S. Also, there had been a shortage of 50,000 drivers in the year 2017, which is expected to increase to 175,000 by the end of 2024.

This will enhance the growth of autonomous trucks because the technology is computer-controlled and not driver-controlled. Autonomous trucks are not subjected to rules and can extend their working more than human working hours. Asia Pacific market is expected to expand at a high CAGR throughout the forecast period due to low labor cost for the production plant and increased effort towards ease of operating in the countries such as China, Singapore, Japan and India. The great demand of logistic services in China and Singapore and the government backing for the advanced technology and fewer regulatory hurdles will boost the growth of the Asia Pacific autonomous trucks market.

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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

Continued…

List of Figures:

FIGURE 1 RESEARCH PROCESS OF MRFR

FIGURE 2 TOP DOWN & BOTTOM UP APPROACH

FIGURE 3 MARKET DYNAMICS

FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS

FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS

FIGURE 6 PORTER’S FIVE FORCES ANALYSIS

FIGURE 7 VALUE CHAIN ANALYSIS

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