Self-Driving Truck Market Expected to Reach $1,669 Million, Globally, by 2025 | North America is expected to dominate the global self-driving truck market during the forecast period

The 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. At present, North America dominates this market. In 2020, China is expected to register the highest growth in Asia-Pacific. Similarly, the UK is expected to lead the overall market in Europe in 2020. In the same year, the U.S. is estimated to dominate the North American market.

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The global self-driving truck market is projected to register significant growth during the forecast period attributed to rise in environmental concern and increase in number of road accidents. However, threat of hackers and rise in cybercrime restrict the growth of the market.

The self-driving trucks are fully electric, and hence use significantly less gas and energy compared to conventional trucks. This in turn helps reduce the pollution, which majorly drives the growth of the market. Moreover, increase in awareness toward the consequences of air pollution and rise in levels of exposure to traffic & noise drive the adoption of self-driven trucks. However, the threat of hackers and rise in cybercrime restrict the growth of the market.

Key Benefits:
•This study comprises analytical depiction of the global self-driving truck market with current trends and future estimations to portray the imminent investment pockets.
•The overall market potential is determined to understand the profitable trends to gain a stronger foothold.
•The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
•The current market is quantitatively analyzed from 2020 to 2025 to highlight the financial competency of the market.
•Porter’s Five Forces analysis illustrates the potency of the buyers and suppliers in the industry.

In 2020, based on level of autonomy, the level one segment is anticipated to dominate the global self-driving truck market, in terms of revenue. However, based on industry vertical, construction & manufacturing is projected to dominate the global market in the same year.

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The key players profiled in the report include BMW AG, Isuzu Motors Limited, General Motors, Otto motors, AB Volvo, Daimler AG, Tesla, Waymo, Toyota, and Volkswagen.

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