Automated Trucks Market 2021 Industry Share, Trends, Growth and Forecast to 2027 - AB Volvo, Embark Trucks, Daimler AG

The “Automated Trucks” report provides details on the latest recent developments, trade regulations, import-export analysis, analysis of production, value chain optimization, market share, impact of players on the national and localized market, analysis of opportunities in terms of emerging income pockets, changes in market regulations, strategic analysis of the market growth, market size, market growth of categories, application and domain niches, product approvals, product launches, geographic expansions, technological innovations in the market.

“The Automated Trucks Market is predicted to register a CAGR of 28.1% over the forecast period 2021 – 2027.”

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Market Overview

Some of the major factors driving the growth of the market are the expansion of industrial sectors in the emerging market, growing demand from the logistics industry, rising demand from construction sector (owing to growing construction activities). The market is expected to witness growth in the coming years, owing to growing economies across both developing and developed counties.
Although autonomous/driverless trucks have a great potential to replace the conventional trucks in terms of convenience-high cost of manufacturing, lack of proper infrastructures, inadequate regulations and policies of governments and safety of commuters and pedestrians are some of the reasons that are acting as a hinderance in the growth. There have been 36 reported accidents involving autonomous vehicles.

This report Provides intelligent marketing research for smarter decision-making and resource investment estimation. The report discusses these elements and describes the main players that are expected to extend the demand for the Automated Trucks market within the upcoming years.

Automated Trucks market report introduces some features and provides a basic view of the most players. In this report provides a comprehensive and in-depth review of the market. The players are likewise presenting newer product varieties within the market to reinforce the merchandise portfolio by embracing the new innovation and completing it in their business.

The Automated Trucks market is often split supported product types, major applications, and important countries as follows:

Key Competitors of the Automated Trucks market is: AB Volvo, Embark Trucks, Daimler AG, Waymo, Tesla, General Motors Corporation, Ford, TuSimple Inc.

Major Types covered are:

Cab Integrated Trucks

Cabless Trucks

Major Applications covered are:

Transportation

Mining

Retail & Logistics

Others

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Key Market Trends

ADAS demand is on the rise

Rising awareness among customers is leading to growth in demand for vehicles with autonomous and advanced safety features. 90% of the customers who opt for any ADAS system in their vehicle, become repeat purchasers. Government norms and policies are also boosting the sales of the ADAS market. US and European authorities make installation of Automotive Emergency Braking (AEB) mandatory by 2022 and Forward Collision Avoidance/Warning System by 2020.

Currently, the complete ADAS systems are featured in expensive luxury segment vehicles only. Many truck OEMS are now collaborating with ADAS manufacturing companies to produce low cost ADAS systems. However, vehicles (commercial and passenger) register a minute average annual growth of 1% in their prices while ADAS systems are expensive due to their high manufacturing cost.

Regional market Automated Trucks (regional production, demand and forecast by country):

North America is leading the autonomous truck market

Although adoption of Autonomous trucks is in the early stage of adoption across the globe in geographies such as Europe and Asia Pacific, North America is currently the largest market due to availability of infrastructure and major technology companies that are entering autonomous driving segment.

The rising electrification of vehicles due to infrastructure development by companies such as Tesla is also propelling the market in North America. Induction of x-by-wire technology in electric vehicles is helping in improvement of autonomous driving.

North America (United States, Canada, Mexico)

South America (Brazil, Argentina, Ecuador, Chile)

Asia Pacific (China, Japan, India, Korea)

Europe (Germany, UK, France, Italy)

Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And more.

The inquire approximately record considers the past, display, and destiny execution of the global market. The record advances investigations the display aggressive situation, most important trade models, and consequently the possibly headways in services with the aid of using crucial gamers inside the upcoming years.

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Competitive Landscape

In 2019, Volvo Group announced partnership with Nvidia to produce self-driving trucks. Both companies will work on development of DRIVE AGX Pegasus platform to integrated AI to process driving data.
Sina Corp. and Nvidia backed trucking company TuSimple achieved the Unicorn status and raised USD 95 million in series D funding in 2019.

Report Features:

To project the worth and sales volume of the Automated Trucks market, with reference to key regions.
To analyses competitive developments like expansions, agreements, new product launches, and acquisitions within the market.
To study and analyses the global Automated Trucks market size (value & volume) by company, key regions, products, and end-user, breakdown data from The Last Five Years, and forecast to 2027.
to know the structure of the Automated Trucks market by identifying its various sub-segments.
To percentage targeted records approximately the important thing elements influencing the enlargement of the market (increase potential, opportunities, industry-particular challenges, and risks).

Report Customization:

The Global Automated Trucks Market report may be modified to meet your specific business needs. Because we understand what our clients want, we offer 25% customization for any of our MarketIntelligenceData reports at no additional cost to all or any of our clients.

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