Autonomous Truck Market Booming Worldwide Opportunity, Competitive Analysis, Future Prospects 2027 |BMW AG, AB Volvo, Ford Motor Co., General Motor Company, Robert Bosch GmbH, Delphi Automotive PLC, Google Inc and others

Polaris Market Research has announced the addition of the " Autonomous Truck Market Report 2027 Production, Sales And Consumption Status And Prospects Professional Research", The report classifies the global Autonomous Truck Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.

This report provides in depth study of "Autonomous Truck Market" using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organisation. The Autonomous Truck Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organisation such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organisation.

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[**NOTE: This report Sample includes;
o Brief Introduction to the research report
o Table of Contents (Scope covered as a part of the study)
o Top players in the market
o Research framework (presentation)
o Research methodology adopted by Polaris Market Research]

The Key Manufacturers covered in this Report: -
• AB Volvo
• Alphabet Inc. (Waymo)
• Aptiv
• BMW
• Bosch
• Clearpath Robotics Inc. (OTTO Motors)
• Continental
• Daimler AG
• Denso
• Embark Trucks
• Ford Motor Co.
• General Motors
• Isuzu Motors Limited
• PACCAR Inc.
• Tesla, Inc.

The global Autonomous Truck Market Size Worth $2.14 Billion By 2027 | CAGR: 12.8% From 2020-2027 A rapid growth has been seen in the shipment of autonomous vehicles in the recent past, which has significantly encouraged truck manufacturers or new entrants in the market to invest in this novel technology. An increase in labor costs will create possibilities for self-driving Truck that use methods that reduce errors and risks with minimized human input, especially in emerging markets. Moreover, shifting production capacities to developing countries and improving economic conditions would result in the growth of the Autonomous Truck market. Consequently, new entrants will have possibilities in the industry. This is expected to be a major driving factor in the global self-driving trucks market.

Artificial Intelligence comprises many applications in the automotive sector such as in autonomous driving and Advanced Driver Assistance Systems (ADAS). The replacements of sensors, networks are widely used that facilitate the services of lane detection. Furthermore, artificial intelligence enables to collect a large amount of data for mobile devices and IoT sensors to improve the storage process and data collection. Though in China, the rate of adoption of AI has propelled in recent years. Moreover, with the on-going trends, it is expected that more and more automotive manufacturers will enter the market in the near future.

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Polaris Market research has segmented the autonomous truck market report on the basis of:
Autonomous Truck Autonomy Level Outlook (Revenue, USD Million, 2018 – 2027)
• Level 1
• Level 2
• Level 3
• Level 4
• Level 5

Autonomous Truck Sensor Type Outlook (Revenue, USD Million, 2018 – 2027)
• Radar
• LiDAR
• Camera
• Ultrasonic

Autonomous Truck Vertical type Outlook (Revenue, USD Million, 2018 – 2027)
• Logistics
• Construction & Manufacturing
• Mining
• Port

The adoption of self-driving trucks has changed travel experience due to several advantageous features, such as minimum prices, high-speed, environmentally friendly nature and energy efficiency. Driving software glitches, however, are likely to hinder the growth of the market, as this software is prone to hackers. In addition, even though there’s an autonomous truck supervisor inside the vehicle, hackers can enter the software and override the controls. Thus, the growing threat from hackers and increased cybercrime are expected to limit autonomous truck industry developments in the coming years.

A variety of techniques in Autonomous Truck are being implemented in the market that promotes environmentally friendly service, due to increasing environmental degradation and natural resource depletion. In addition, increasing sensitivity to air pollution effects and increased congestion in traffic drive the adoption of self-driven trucks, as they are fuel effective and use much less gas & power while driving than standard cars. Michelin, a tire manufacturer based in France, developed a tire-monitoring system using telematics and predictive analytics, providing a real-time view into the performance and wearing of specific tires on individual trucks to anticipate problems before they occur.

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