Autonomous Truck Market Size & Share Revenue to Hit USD 79.55 Billion by 2032, to Grow at a CAGR of 10.3% | PMR

Global Autonomous Truck Market size and share is currently valued at USD 32.84 billion in 2023 and is anticipated to generate an estimated revenue of USD 79.55 Billion by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 10.3% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024 - 2032

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/autonomous-truck-market/request-for-sample

The rising government efforts worldwide to decongest traffic is one of the major factors fueling the market growth. By sensor type analysis, the radar sensor segment dominates the market. By regional analysis, North America is anticipated to grow at a substantial pace over the estimated period.

𝐓𝐨𝐩 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

The leading autonomous truck market participants are collaborating with robotics companies to garner a larger share of the industry. Also, some players focus on strategic developments such as mergers and acquisitions to deploy independent technology into the trucks. Among the primary industry players include:

• BMW AG
• AB Volvo
• Ford Motor Co.
• General Motor Company
• Robert Bosch GmbH
• Delphi Automotive PLC
• Google Inc.
• Uber Technologies Inc.
• Tesla Inc.
• Volkswagen AG
• Embark Trucks.

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/buy/486/2

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

𝐁𝐲 𝐋𝐞𝐯𝐞𝐥 𝐨𝐟 𝐀𝐮𝐭𝐨𝐧𝐨𝐦𝐲

Level 1
Level 2
Level 3
Level 4
Level 5

𝐁𝐲 𝐒𝐞𝐧𝐬𝐨𝐫 𝐓𝐲𝐩𝐞

Radar
LiDAR
Camera
Ultrasonic

𝐊𝐞𝐲 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐭𝐚𝐭𝐢𝐬𝐭𝐢𝐜𝐬:

• The global autonomous truck market size was valued at USD 32.84 billion in 2023 and is projected to grow to USD 79.55 billion by 2032.

• The market is anticipated to grow at a CAGR of 10.3% during the forecast period from 2024 to 2032.

• The industry segmentation is primarily based on autonomy level, sensor type, end-use, and geographic region.

• The major regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

An autonomous truck, also referred to as a self-driving truck, is a truck that can drive itself without any human intervention. The truck has sophisticated software and hardware mounted on it to provide it with the self-driving capability. Using advanced technologies, autonomous trucks can sense and analyze their surroundings and navigate accordingly. Additionally, these trucks have the capability of detecting road signs, pedestrians and other vehicles to make real-time decisions and navigate accordingly. Autonomous trucks make use of several sensors, including LiDAR, RADAR, vision sensor and ultrasonic sensors to analyze the surroundings. There are several autonomy levels for autonomous trucks, with Level 1 being the lowest level of autonomy and Level 5 being the highest autonomy level.

𝐂𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞 𝐭𝐨 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/autonomous-truck-market

𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬:

• Surging drive labor costs is anticipated to support growth opportunities for the market over the forecast period. Besides, shifting manufacturing activities to emerging nations and surging economic growth is anticipated to create opportunities for the industry over the forecast period.

• The shortage of truck drivers and an increase in supply of goods and materials to several end sources is driving the autonomous truck market demand across the globe.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

• North America (U.S., Canada)

• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)

• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)

• Latin America (Brazil, Mexico, Argentina)

• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

𝐃𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐀𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐛𝐲 𝐄𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐒𝐭𝐞𝐞𝐫𝐢𝐧𝐠 𝐒𝐲𝐬𝐭𝐞𝐦 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/automotive-steering-system-market

𝐀𝐢𝐫𝐜𝐫𝐚𝐟𝐭 𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐌𝐨𝐭𝐨𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/aircraft-electric-motors-market

𝐔𝐧𝐦𝐚𝐧𝐧𝐞𝐝 𝐓𝐫𝐚𝐟𝐟𝐢𝐜 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/unmanned-traffic-management-market

𝐂𝐚𝐫𝐠𝐨 𝐃𝐫𝐨𝐧𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/cargo-drones-market

𝐒𝐚𝐭𝐞𝐥𝐥𝐢𝐭𝐞 𝐋𝐚𝐮𝐧𝐜𝐡 𝐕𝐞𝐡𝐢𝐜𝐥𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/satellite-launch-vehicle-market

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨:

Polaris Market Research
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New York City, NY 10005,
United States
Phone:+1-929 297-9727
Email: sales@polarismarketresearch.com

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.

This release was published on openPR.