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Semi-Autonomous and Autonomous Truck Market Size | COVID-19 Impact Analysis | Forecast to 2027
Report "Semi-autonomous and autonomous truck market by level of automation (level 1, level 2 and 3, level 4 and level 5), propulsion (diesel, electric and hybrid), application, truck class, ADAS function, sensor, and region-2030 Global forecast by year “The global semi-autonomous truck market size is expected to reach 3,254 thousand units in 2025 from 944,000 units in 2020, and is expected to grow at an annual average of 28.0%. It grew from $460 million in 2024 to $1.55 trillion in 2030 at a CAGR of 22.4%.A full report of Semi-Autonomous and Autonomous Truck Market is available at: https://www.orionmarketreports.com/semi-autonomous-and-autonomous-truck-market/39789/
The growth of the semi-autonomous truck market can be attributed to the increasing road accidents, the need for efficient truck operations and demand for ADAS features in the trucks. Government bodies across the world have started regulating the safety standards in trucks to reduce fatalities in road crashes.
Key Market Players
The global semi-autonomous truck market is dominated by major players such as Continental (Germany) Bosch (Germany), Aptiv (UK), AB Volvo (Sweden), and Denso (Japan). All the companies have strong distribution networks at a global level. In addition, these companies offer an extensive product range in this market. These companies have adopted strategies such as new product developments, collaborations, and contracts & agreements to sustain their market position. On the other hand, embark (US), Tesla (US), TuSimple (US), Caterpillar (US), and Waymo (US) are some of the companies that are focusing on developing autonomous trucks.
Semi-Autonomous and Autonomous Truck Market Key Segments:
By Features
• Adaptive Cruise Control
• Automatic Emergency Braking
• Blind Spot Detection
• Intelligent Park Assist
• Lane Assist
By Automation Level
• Level 0
• Level 1
• Level 2
• Level 3
• Level 4/5
By Component
• Embedded System
• Camera
• Radar
• LiDAR
• Other
By Application
• Logistic
• Mining
• Construction
By Fuel Type
• Diesel
• Petrol
• Gasoline
• Compressed Natural Gas (CNG)
• Electric and Hybrid
Reasons to Buying From us –
• We cover more than 15 major industries, further segmented into more than 90 sectors.
• More than 120 countries are for analysis.
• Over 100+ paid data sources mined for investigation.
• Our expert research analysts answer all your questions before and after purchasing your report.
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Semi-Autonomous and Autonomous Truck Market Report
• What was the Semi-Autonomous and Autonomous Truck Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Semi-Autonomous and Autonomous Truck Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2021-2027)?
• Which manufacturer/vendor/players in the Semi-Autonomous and Autonomous Truck Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
Media Contact:
Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
About Us:
Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
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