Semi-autonomous Truck Market 2019 Top Key Vendors Continental, Valeo, DENSO, Siemens, Daimler, Waymo
Semi-Autonomous Truck Market is expected to show significant growth over the forecast period due to the increase in awareness regarding on-road safety, and demand for optimizing fleet operations for transportation and logistics companies. Advancements in the automotive sector, such as ADAS and self-driving vehicles, are also contributing significantly to market growth. The increase in the number of truck accidents on highways is enabling transportation and logistics companies to migrate toward semi-autonomous trucks. The adoption of electric & hybrid vehicles is also playing a key role in semi-autonomous truck market growth.
Request for an in-depth table of contents for this report @ www.gminsights.com/request-toc/upcoming/3740
APAC is expected to show rapid growth over the forecast period due to an increase in the number of road accidents on highways in developing countries including India and China. For instance, according to the report of the government of India’s Ministry of Road Transport & Highways report, 464,910 road accidents were reported in 2017 that claimed 147,913 lives. The national highway accounted for 30.4% of total road accidents in the country and 36% of the total deaths in 2017. Major automotive manufacturers are testing their semi-autonomous trucks for platooning use case to help fleet companies to improve efficiency.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Continental AG
2. Aptiv PLC
3. NXP Semiconductors N.V.
4. Daimler AG
5. AB Volvo
7. TomTom N.V.
8. Didi Chuxing Technology Co.
9. Siemens AG
10. TuSimple, Inc.
11. Tesla, Inc.
12. DENSO Corporation
13. ZF Friedrichshafen AG
14. Nvidia Corporation
15. Qualcomm Incorporated
16. PACCAR Inc
17. Intel Corporation
18. JSC KAMAZ
19. Scania AB
Europe is expected to dominate the semi-autonomous truck market over the forecast period due to the presence of major automotive manufacturers in the region. Major European truck manufacturers, such as Daimler, Volvo, and Volkswagen, are emphasizing on the research and development of autonomous vehicles. The huge adoption of heavy trucks in the region is another factor fueling Semi-autonomous Truck Market growth. For instance, according to the International Organization of Motor Vehicle Manufacturers, the number of heavy trucks produced in Europe was 296,690 in 2018. Government policies to improve the safety on highways are also supporting the semi-autonomous truck market growth in the region.
Semi-autonomous trucks help in reducing the costs associated with truck idle time for logistics companies. It also reduces fuel consumption and helps in reducing hazardous carbon pollutants. Semi-autonomous trucks are programmed to choose the most optimal route, reducing traffic congestions, especially on highways. It also reduces the time required for logistics trucks to deliver goods. This helps in reducing the cost associated with the late delivery of goods. The sensor technology used in these trucks can scan surrounding environments better than humans.
These sensors can detect small obstacles for the effective movement of vehicles. Human errors related to vehicle driving, such as over speeding and sudden braking, can be reduced in semi-autonomous vehicles as they are programmed in such a way. This also helps in maintaining the vehicles in good condition.
Semi-autonomous trucks can be used for applications, such as platooning, helping logistics companies to manage their fleet more efficiently. The shortage of skilled truck drivers for heavy trucks can be resolved using semi-autonomous trucks. The assistance for drivers while driving trucks can also improve the driving performance and the overall efficiency of the fleet. trucks.
Make an inquiry for buying this report @ www.gminsights.com/inquiry-before-buying/3740
The major companies operating in the semi-autonomous truck market are partnering with other advanced technology companies to improve the decision-making system for autonomous vehicles.The company utilized NVIDIA’s AI platform for training, simulation, and in-vehicle computing to improve the safety on roads. Other major players operating in the global semi-autonomous truck market are Continental, Aptiv, NXP, Daimler, Volvo, Waymo, TomTom, Didi Chuxing, Siemens, Tusimple, Tesla, DENSO, ZF, NVIDIA, Qualcomm, Paccar, Intel, Kamaz, Scania, and Valeo.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Semi-autonomous Truck Market 2019 Top Key Vendors Continental, Valeo, DENSO, Siemens, Daimler, Waymo here
News-ID: 1799200 • Views: 225
More Releases from Global Market Insights Inc.
Portable Air Compressor Market 2019 - Development Status & Growth Projection to …
Portable air compressor market would witness a significant progress in the upcoming years due to the advancements in the manufacturing industry. This is owing to the use of the product in various manufacturing operations as a source of energy. It is used in conveyor systems, control air tools, operations of production lines, metal finishing process, welding procedures, etc. Emerging nations like China, India, Indonesia, etc. have witnessed high manufacturing activities
Medical Polymers Market 2019 – Global Industry Analysis & Future Growth Prospe …
The United States registered a share of around 45% of the total medical devices market with companies over 6500 producing medical devices. Also, growth in polymer applications such as polyetherimide, polysulfone, polyphenylsulfone, and polyether ether ketone in the medical devices will further enhance the global medical polymers market widely. Medical Polymers Market in North American will hold a significant share in the global market due to huge medical needs and aging
Passive automotive pedestrian protection system market Growth and Demand Forecas …
Passive automotive pedestrian protection system market is expected to continue its dominance through the forecast period. This can be attributed to high adoption of passive safety in passenger vehicles and applications for reduction in impact of frontal collisions. This includes external airbags and pop-up hoods which gets activated on collision and aids in reducing the severity of impact on the victim's body. Industry participants are expected to emphasize on improving the
Marine Propulsion Engine Market 2019 Growth Opportunities and Current Trends
Marine Propulsion Engine Market size is expected to reach USD 13.31 billion by 2024; according to a new research report by Global Market Insights, Inc. Marine Propulsion Engine market research report includes in-depth coverage of the industry, with estimates &forecast in terms of revenue in USD million from 2013 to 2024 High demand for operationally dependable and fuel-efficient ships will drive the marine propulsion engine market share over the forecast timeline.