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Autonomous Commercial Vehicle Market 2024-2033 : Industry Analysis, Size, Share, Growth And Forecast | Volkswagen AG, Daimler AG, Tesla Inc., Denso Corporation, Continental AG, Waymo LLC, Bayerische Motoren Werke Aktiengesellschaft
Autonomous Commercial Vehicle Global Market Report
The Business Research Company's Autonomous Commercial Vehicle Global Market Report 2023 identifies the increase in government approvals for testing autonomous trucks on public roads is driving the growth of the autonomous commercial vehicle market. The governments of major countries are allowing the testing of autonomous vehicles to promote the use of commercial vehicles for delivery and other purposes.
The autonomous commercial vehicle market size has grown exponentially in recent years. It will grow from $7.95 billion in 2023 to $9.85 billion in 2024 at a compound annual growth rate (CAGR) of 23.9%. The growth in the historic period can be attributed to advancements in robotics and ai, labor shortages, safety and efficiency, regulatory initiatives, e-commerce growth. The autonomous commercial vehicle market size is expected to see rapid growth in the next few years. It will grow to $19.27 billion in 2028 at a compound annual growth rate (CAGR) of 18.3%.
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Major companies operating in the autonomous commercial vehicle market include Volkswagen AG, Daimler AG, Tesla Inc., Denso Corporation, Continental AG, Waymo LLC, Bayerische Motoren Werke Aktiengesellschaft, Isuzu Motors Limited, General Motors Company, AB Volvo, Beiqi Foton Motor Co. Ltd., Skywell New Energy Vehicles Group Co. Ltd., Dongfeng Motor Corporation, China National Heavy Duty Truck Group Co. Ltd. (SINOTRUK), FAW Jiefang Automobile Co. Ltd., Shaanxi Automobile Group Co. Ltd. (China Shaanqi), Beiben Trucks Group Co. Ltd. (Beiben Trucks), SAIC Iveco Hongyan Commercial Vehicle Co. Ltd. (SAIC Hongyan), Jiangling Motors Corporation Group (JMC), Zhengzhou Yutong Bus Co. Ltd. (Zhengzhou Yutong Bus), Xiamen King Long United Automotive Industry Co. Ltd. (King Long Bus), CRRC Electric Vehicle Co. Ltd. (CRRC Electric Vehicle), Xiamen Golden Dragon Bus Co. Ltd. (Xiamen Golden Dragon Bus), Anhui Ankai Automobile Co. Ltd. (Anhui Ankai Automobile), Plus.ai Inc. (Plus.ai), Embark Trucks Inc. (Embark Trucks), Daimler Trucks North America LLC (Daimler Trucks), NVIDIA Corporation, Zoox Inc., Luminar Technologies Inc.
A key trend in the Autonomous Commercial Vehicle market includes the launch of new products is a key trend gaining popularity in the autonomous commercial vehicle market. Companies in the market are focusing on the launch of new products to generate significant cost benefits, and ensure product quality, safety and user experience.
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The Autonomous Commercial Vehicle market is segmented -
1) By Vehicle: Truck, Trailer, Bus, Other Vehicle Types
2) By Automation Level: Driver Assistance, Partial Automation, Conditional Automation, High Automation, Full Automation
3) By Fuel Type: Conventional, Hybrid Vehicle, Electric Vehicle
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Autonomous Commercial Vehicle market.
The Business Research Company's "Global Autonomous Commercial Vehicle Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Autonomous Commercial Vehicle Market Include:
1. Executive Summary
2. Autonomous Commercial Vehicle Market Characteristics
3. Autonomous Commercial Vehicle Market Trends And Strategies
4. Autonomous Commercial Vehicle Market - Macro Economic Scenario
5. Autonomous Commercial Vehicle Market Size And Growth
……
27. Autonomous Commercial Vehicle Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Autonomous Commercial Vehicle Market
29. Autonomous Commercial Vehicle Market Future Outlook and Potential Analysis
30. Appendix
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