Autonomous Truck Market Insights | Key Players: Bosch (Germany), Continental (Germany), Aptiv (UK), ZF (Germany), and Denso (Japan).

The report "Autonomous Truck Market by ADAS Feature (ACC, AEB, BSD, HP, IPA, LKA & TJA), Sensor (Camera, LiDAR, Radar, & Ultrasonic), Level of Automation (L1 to L5), Truck Class (Class 1 to Class 8), Propulsion, and Region - Global Forecast to 2030", published by Marketsandmarkets, the global autonomous truck market is estimated to be 15.2 thousand units in 2025 and is projected to grow at a CAGR of 39.96%, to reach 81.8 thousand units by 2030. The global semi-autonomous truck market is estimated to be 260.1 thousand units in 2018 and is projected to grow at a CAGR of 23.38%, to reach 1,132.3 thousand units by 2025.

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The growth of this market is fueled by technological advancements in the field of connected vehicle and driver assistance features used in the vehicles. Connected vehicles are the stepping stones for autonomous vehicles and trucks as they can communicate with other vehicles and their surroundings.

Opportunities:

o Increasing Demand for 5G Technology for Vehicle Connectivity
o Latent Demand for Semi-Autonomous and Autonomous Truck Platooning

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The market growth is triggered by various factors such as the need for ease in driving and the increasing concerns of safety and security, which have led to the development of high-end technology and safety systems. Moreover, the increasing concern of truck driver shortage in many countries such as the US and Japan can be addressed with the help of semi-autonomous and autonomous trucks for goods transportation. Truck platooning using semi-autonomous and autonomous trucks can further improve efficiency and productivity and reduce CO2 emission.

In the by sensor segment, the autonomous truck market has been segmented into radar, LiDAR, ultrasonic, and camera. The market for LiDAR is estimated to be the largest for the autonomous trucks market as it can provide reliable data of truck surroundings. However, the major challenge in the adoption of the LiDAR sensor in semi-autonomous trucks is its high cost. The Radar segment is expected to dominate the semi-autonomous trucks market.

The semi-autonomous truck market has been segmented, by ADAS features, into Adaptive Cruise Control, Lane Assist, Intelligent Park Assist, Traffic Jam Assist, Autonomous Emergency Braking, Blind Spot Detection, and Highway Pilot. Automatic Emergency Braking and Adaptive Cruise Control are estimated to hold the largest market share between 2018 and 2025. In the US, automatic emergency braking systems are expected to be standard in vehicles by 2022 according to the National Highway Traffic Safety Administration (NHTSA). The market for Blind Spot Detection would grow at the highest CAGR to increase road safety and decrease the number of accidents due to human errors.

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The European region is estimated to dominate the semi-autonomous truck market, in terms of volume, in 2018. The region comprises technologically advanced countries such as Germany, France, and others. Also, European truck manufacturers such as Daimler (Germany), Volkswagen (Germany), and Volvo (Sweden) are focusing on research and development activities to develop autonomous vehicles.

North America is expected to dominate the global market (volume) followed by Europe and the Asia Pacific. The region's key technology innovators such as Waymo (US), Uber (US), and Embark (US) are investing in R&D to test the autonomous vehicle technology.

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