Automated Trucks Will Be Most Prominent Across Logistics, Generating 33% of Total Revenue

According to Fact.MR, automated trucks demand is slated to touch an impressive valuation of nearly US$ 1.5 Bn by 2031 up from US$ 210 Mn 2020. The market is expected to grow 7x during the forthcoming forecast period. Extensive reliance on automation to streamline transport and logistics and efforts to mitigate road accidents is increasing popularity of automated trucks. End users are inclining towards light detection and ranging (LiDAR) equipped trucks, attributed to their exhaustive coverage of corner cases during driving.

The market intelligence study therefore includes demographics analysis so market players can plan their product and marketing strategy. It offers sales outlook in 20+ countries. It identifies the most lucrative segments to assist companies in creating winning strategies for future.

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The report offers actionable and valuable market insights of Automated Truck. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Automated Truck Market across various industries and regions.

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Automated Truck market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Automated Truck

This newly published and insightful report sheds light on Market Insights of Automated Truck, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Automated Truck Market.

Key Segments Covered
Truck Type
• Cab-Integrated Automotive Truck
• Cabless Automotive Truck

End Use Industry
• Automotive Trucks for Mining
• Automotive Trucks for Logistics

Class
• Class 8 & Class 9 Automotive Trucks
• Ultra-Class Automotive Trucks

Sensor
• LiDAR Automotive Trucks
• RADAR Automotive Trucks
• Camera-based Automotive Trucks
• Other Sensor-based Automotive Trucks

Autonomy Level
• Level 3 Automotive Truck
• Level 4 Automotive Truck
• Level 5 Automotive Truck

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Automated Truck Market- Scope of Report
A recent study by Fact.MR on the automated truck market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with offering automated trucks.

The study also provides the dynamics responsible for influencing the future status of the automated truck market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the automated truck market, along with their product portfolios, enhances the reliability of this comprehensive research study.

Report Summary
The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of automated trucks across the globe.

A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of automated truck during the forecast period. Price point comparison by region with global average price is also considered in the study.

Analysis on Market Size Evaluation
The market has been analyzed for each segment in terms of volume ('000 Units) and value (US$ Mn).

Estimates at global and regional levels for automated trucks are available in terms of "US$ Mn" for value and in "'000 Units" for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report.

Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global automated truck market.

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In-depth Analysis on Competition Analysis
The report sheds light on leading manufacturers of automated trucks, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering automated truck has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the automated truck domain.

Key Takeaways from the Global Automated Truck Market Report
• North America will continue to be the largest market for automated trucks
• In terms of level of automation, the demand witnessed in limited self-driving autonomous segment is considerably high
• Based on type of sensor, the LiDAR segment is forecast to hold the lion's share of the market
• Among end users, the demand from the mining industry is predicted to remain considerably high throughout the forecast period
• Among truck types, the cab-integrated segment is forecast to account for dominant share in the market

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