Top Companies in the Self-Driving Truck Industry - BMW AG, Isuzu Motors Limited, General Motors, Otto motors, AB Volvo, Daimler AG, Tesla

Self-driving trucks is also known as autonomous truck. It uses infrared radars, sophisticated motion sensors, incredibly accurate sensors LIDAR (laser radar), cameras, and complex algorithms that allow the truck to drive itself.

The conventional vehicles are usually a combination of expensive, slow, and environmentally harmful factors. Road travel is particularly problematic, owing to emission of hazardous air pollutants. As the environmental impact of energy consumption continues to worsen, mass transit is anticipated to be crucial in the years to come, which creates the demand for technology such as self-driving truck. Rise in environmental concern majorly drives the growth of the self-driving truck market. Moreover, factors such as reduced wind drag, less road accident, decongestion of traffic and others also fuel the market growth.

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The global self-driving truck market is projected to witness considerable growth, especially in Asia-Pacific due to increase in number of road accidents and rise in environment concerns. North America is expected to account for majority market share of the self-driving truck market in 2020.

Global Self-Driving Truck Market was valued at $1,004 million in 2020, and is projected to reach at $1,669 million by 2025, growing at a CAGR of 10.4% from 2020 to 2025. Self-Driving Truck is also known as autonomous truck and robotic truck. These trucks feature all the major competencies of traditional trucks. The self-driving system uses infrared radars, LIDAR (laser radar), cameras, sophisticated motion sensors, incredibly accurate sensors, and complex algorithms among others that allow the truck to drive itself.

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The report segments the self-driving truck market based on level of autonomy, industry vertical, and region. Based on level of autonomy, the market is divided into level one, two, three, and four. Based on industry vertical, the market is classified into logistics, construction & manufacturing, mining, and port. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Key Market Players Profiled

BMW AG
Isuzu Motors Limited
General Motors
Otto motors
AB Volvo
Daimler AG
Tesla
Waymo
Toyota
Volkswagen

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