Press release
Autonomous Truck Market was valued at US$ 2.46 Bn in 2022. The Global Autonomous Truck Market size is estimated to grow at a CAGR of 17 % over the forecast period.
Autonomous Truck Market
Maximize Market Research Pvt Ltd, a leading market research firm, is proud to present its in-depth analysis of the Global Autonomous Truck Market. This comprehensive report delves into various segments of the market, shedding light on its dynamics, drivers, restraints, opportunities, and challenges.
Maximize Market Research's meticulous approach involves thorough data collection and analysis. Trends from the last five years, real numbers, and outputs from key players across the globe were considered in estimating the 2022 market size. Additionally, the impact of regional lockdowns in 2022 was carefully analyzed. The research provides an accurate outlook for the period from 2023 to 2029.
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Autonomous Truck Market Dynamics:
The Global Autonomous Truck Market's growth is fueled by several key factors. Rising global awareness of the advantages of advanced technology like Advanced Driver Assistance Systems (ADAS) in vehicles, vehicle electrification to reduce emissions, and improved infrastructure in developing countries are driving the market's expansion.
Rising public awareness of the advantages of cutting-edge technology, including ADAS systems in their vehicles, is one of the key reasons accelerating the growth of the worldwide autonomous truck industry. A vehicle's electrification reduces its level of pollution and CO2 petrol emissions. Additionally, as people's disposable income increases, their purchasing power increases. Additionally, non-industrial nations' economies are improving, which are the primary factors driving the worldwide autonomous truck market over the projection period.
Autonomous Truck Market Regional Insights:
The Autonomous Truck Market showcases distinct regional patterns. In the Asia Pacific region, with its significant truck manufacturing capacity and road safety concerns, the market held a dominant share of 48.6% in 2022. North America, home to key technology developers, is projected to experience a CAGR of 15% during the forecast period.
In 2022, 48.6% of the market was accounted for by the Asia-Pacific region. The Asia Pacific is anticipated to adopt new technologies afterward. When a reliable technology is developed, the area will quickly adopt it. Additionally, Asia is the world's largest truck producer, producing more than 65% of all vehicles produced worldwide. Concerns about road safety will help the region's semi-autonomous vehicle market and autonomous truck market expand.
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Autonomous Truck Market Segmentation:
by Sensors
Ultrasonic
Camera
LiDAR
Radar
by Vehicle type
Light duty vehicle
Heavy duty vehicle
by ADAS Features
Adaptive Cruise Control
Automatic Emergency Braking
Highway Pilot
Intelligent Park Assist (IPA),
Lane Assist (LA)
Others.
Autonomous Truck Market Key Players:
1. AB Volvo
2. Uber Technologies Inc.
3. Daimler AG
4. Denso
5. Ford Motor Co.
6. Tesla Inc.
7. Aptiv
8. BMW AG
9. Paccar
10. IVICO
11. Robert Bosch
12. MAN
13. DAF
14. Scania
15. Waymo
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Table of content for the Autonomous Truck Market includes:
1. Global Autonomous Truck Market: Research Methodology
2. Global Autonomous Truck Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3. Global Autonomous Truck Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4. Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape
Past Pricing and price curve by region
Market Size, Share, Size and Forecast by different segment | 2023-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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Contact Maximize Market Research:
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About Maximize Market Research:
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of the majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
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