At 35% CAGR, Autonomous Trucking Market Size is Expected to Exhibit 4.8 billion USD by 2028 | Volvo Group, Daimler AG, Dongfeng Motors, Hino Trucks, Scania, Sino Truk, Tesla

The latest study on 'Global Autonomous Trucking Market' discovers key information about variables that can drive or restrain the market's level of profitability throughout the projected timeline. Additionally, it examines past and present growth rates, sales margins, and total earnings generated during the study period. The research also plays a crucial role in accurately identifying impending issues and offering a comprehensive analysis of efficient solutions. Lastly, it oversees the latest developments in an intensely competitive market environment by offering a list of companies and regions that are responsible for yielding optimum results for the business landscape over the forecast duration.

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Global Autonomous Trucking Market Analysis and Forecast, 2019-2028. The global Autonomous Trucking market is expected to hit US$ 4.8 billion by 2028, growing at a CAGR of over 35% over the forecast period of 2022-2028.

Leading Companies and Market Players

• Volvo Group
• Daimler AG
• Dongfeng Motors
• Hino Trucks
• Iveco, S.p.A
• Navistar International, Inc.
• Scania
• Sino Truk
• Tesla
• MAN Truck & Bus

Market Scope & Overview

The global Autonomous Trucking market study comprises comprehensive market analysis and insights across the key market segments and geography. The market report analyzes the global market for the historical period of 2019-2021 and the forecast period of 2022-2028 based on the product installed base, key forecasting factors impacting the market conditions, and major market developments happening in the market throughout the analysis period.

practices primary and secondary research for conducting an insightful market study. Various market parameters such as macroeconomic conditions, market environment, government policies, and competitive landscape are thoroughly studied and taken into account while analyzing the market.

The global Autonomous Trucking market report also covers value chain and supply chain analysis that provides in-depth information about the value addition at each stage of the product. Market dynamics incorporated in the market study include drivers, restraints/challenges, trends, and their impact on the market throughout the analysis period.

The global Autonomous Trucking market includes a market share analysis and market structure overview with detailed company profiling of leading players with their financials, product offerings, major developments, etc. This enables, clients and report buyers to make strong, precise, and timely decisions.

State of Global Economy, COVID-19 Outbreak, and the Russo-Ukraine War Impact

The global economy experienced heavy headwinds, throughout 2019-2021, as some countries witnessed subdue growth, while other countries continued to grapple with economic slowdowns. Also, intensifying tension between the US and Iran along with the tightening sanctions on Venezuela by the US further hampered global economic growth in 2019.

Moreover, the heightened trade war between the US and China and the rising trade uncertainty continued to exert adverse effects on the global economy. Amid all these, the COVID-19 outbreak at the end of the year 2019 in Wuhan, China further deteriorated global economic growth.

The COVID-19 pandemic has levied undue pressure across the majority of industries globally and has caused a major economic crisis in the US, India, Italy, UK, Germany, India, Japan, South Korea, the UK, and many others. Many of these countries had announced partial or complete nationwide lockdowns. The governments of several nations have called on people to shelter in place at home, travel restrictions, shut down local businesses, and prohibited social gatherings.

The rapid spread of the virus in the early month of 2020 followed by a second wave of COVID-19 caused a significant change in management strategies of the leading industries which have affected the market or industry at a significant level. Besides, the exit of the UK from the European Union earlier in 2020 and the Russo-Ukraine war in 2022 exacerbated the ever-heightened global uncertainty.

Key Market Segmentation and Companies

the global Autonomous Trucking market based on level of autonomy, sensor type, propulsion, truck type, ADAS features, and region.

By Level of Autonomy

• Level 1
• Level 2
• Level 3
• Level 4

By Sensor Type

• Ultrasonic
• Radar
• Camera
• LiDAR

By Propulsion

• Diesel
• Electric
• Others

By Truck Type

• Light Duty Truck
• Medium Duty Truck
• Heavy Duty Truck

By ADAS Features

• Adaptive Cruise Control (ACC)
• Lane Keep Assist (LKA)
• Automatic Emergency Braking (AEB)
• Blind Spot Detection (BSD)
• Intelligent Park Assist (IPA)
• Highway Pilot (HP)
• Traffic Jam Assist (TJA)

Questions And Answers: Global Autonomous Trucking Market

Q1. What is the CAGR that the Autonomous Trucking Market is expected to register through the projected duration?

Answer: The Autonomous Trucking Market is likely to register a CAGR of 35% over the forecast period.

Q2. How much is the Autonomous Trucking Market expected to be worth by the end of the year 2028?

Answer: Autonomous Trucking Market is likely to surpass a mammoth of USD 4.8 Billion by the end of 2028.

Q3. Which Are the Key Players in Global Autonomous Trucking Market?

Answer: Volvo Group, Daimler AG, Dongfeng Motors, Hino Trucks, Iveco, S.p.A among others are the leading players in worldwide Autonomous Trucking Market

For more details on this report: https://www.marketstudyreport.com/reports/global-autonomous-trucking-market-analysis-and-forecast-2019-2028

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