Press release
Autonomous Commercial Vehicle Market Size Overview By Rising Demands, Trends And Huge Business Opportunities 2020 To 2023
The global autonomous commercial vehicle market is expected to decline from $7.57 billion in 2019 to $6.33 billion in 2020 at a compound annual growth rate (CAGR) of -16.35%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and closure of industries and other commercial activities. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to recover and reach $11.30 billion in 2023 at CAGR of 21.31%.
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The autonomous commercial vehicle market consists of sales of autonomous commercial vehicles and their related services. Autonomous commercial vehicles are also known as self-driving or robot vehicles. The autonomous vehicle uses various technologies and software such as artificial intelligence, RADAR sensors, light detection & ranging (LiDAR), and others to navigate, control, and drive the vehicle.
The increase in government approvals for testing autonomous trucks on public roads drives the growth of the autonomous commercial vehicles market. The governments of major countries are allowing the testing of autonomous vehicles in order to promote the use of commercial vehicles for delivery and other purposes.
Autonomous Commercial Vehicle Market Segmentation: -
By Vehicle
1. Truck
2. Trailer
3. Bus
4. Others
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Few Points From Table Of Content
1. Executive Summary
2. Autonomous Commercial Vehicle Market Characteristics
3. Autonomous Commercial Vehicle Market Size And Growth
4. Autonomous Commercial Vehicle Market Segmentation
5. Autonomous Commercial Vehicle Market Regional And Country Analysis
……………
25. Autonomous Commercial Vehicle Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Autonomous Commercial Vehicle Market
27. Autonomous Commercial Vehicle Market Trends And Strategies
28. Autonomous Commercial Vehicle Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the autonomous commercial vehicle marketin major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the autonomous commercial vehicle market are Volkswagen, Daimler, Tesla, Denso, Continental, Waymo, BMW AG, Isuzu Motors Limited, General Motors, AB Volvo
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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