Press release
Self-Driving Truck Market: USD 41.2 Billion by 2035, At a CAGR of 12.1%
The global Self-Driving Truck Market size is projected to be valued at $13.1 billion in 2025, and is expected to reach $41.2 billion by 2035, growing at a CAGR of 12.1% from 2025 to 2035. The global self-driving truck market is driven by factors such as development of intelligent transport system, growth of connected infrastructure and improved safety coupled with reduction in traffic congestion. However, rise security and privacy concerns, and software failures associated with automotive sensors are hampering the growth of the self-driving truck market. On the contrary, decongestion of traffic, and supportive government regulation is expected to offer remunerative opportunities for the expansion of the self-driving truck market during the forecast period.Download Sample Report (Get Full Insights in PDF - 332 Pages) at: https://www.alliedmarketresearch.com/request-sample/4388
A self-driving truck, or autonomous truck, is one that supports the driver while also making decisions and navigating itself out of uncertain situations. Self-driving truck refers to autonomous driving technologies in trucks that allow them to run without human intervention by combining sensors, software, and advanced control systems. Technology is utilized in logistics and transportation to address issues such as driver shortages and to eliminate human errors that might result in road casualties. Self-driving trucks are also utilized to transport goods and commodities to a storage facility from an excavation site in a mine or an unloading zone at a port.
Based on component, the hardware segment is expected to hold the highest market share in 2025, accounting for nearly two-fifths of the global self-driving truck market revenue, as there are numerous companies that provide hardware for self-driving cars and trucks. However, the software segment is estimated to be the fastest growing segment the major CAGR of 13.1% during the forecast period, as it connects or integrates the self-driving truck's hardware so it can perform its job efficiently. The firms are jointly working to provide efficient and reliable software.
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Autonomous vehicles can also help reduce traffic congestion. On the basis of a study by University of Illinois, it was proved that one autonomous vehicle stuck in traffic congestion with 20 other human driven vehicles can ease the congestion by controlling the pace of the vehicle. Fuel consumption also reduces with use of autonomous vehicles as fuel use increases when the vehicle slows down. Thus, reduction in traffic congestion and improved fuel efficiency due to self-driving trucks are expected to boost the growth of the self-driving truck market across the globe.
The key players profiled in this report include
Waabi
Aurora Innovation Inc.
PlusAI, Inc.
Kodiak Robotics, Inc.
Embark Trucks, Inc.
Einride
RRAI
TuSimple
Jiluo Technology (Shanghai) Co., Ltd.
Torc Robotics.
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At present, the autonomous vehicle market players interested in testing driverless technology need to apply for exemptions to the National Highway and Traffic Safety Administration's (NHTSA) federal motor vehicle safety standards, and the agency only grants 2,500 per year. The Self-Drive Act is projected to increase that cap to 25,000 per year initially, and expand it to 100,000 annually in three years' time. Such developments are expected to create ample opportunities for the growth of the market across the globe.
Based on propulsion type, the electric transmission segment is expected to hold the highest market share in 2025, accounting for more than two-fifths of the global self-driving truck market revenue and is estimated to maintain its leadership status throughout the forecast period. The electric vehicles are also used for the transportation of goods and materials. For instance, in April 2023, Einride an electric self-driving truck technology provider enters in the UK market and partnered with PepsiCo to offers its autonomous solution. The development shows the interest of consumer goods firm towards the electric self-driving trucks, thus creating demand for the self-driving truck technology in the market.
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Moreover, the factors such as development of intelligent transport system, growth of connected infrastructure and improved safety coupled with reduction in traffic congestion. However, rise security and privacy concerns and software failures associated with automotive sensors hamper the growth of the market. On the contrary, decongestion of traffic and supportive government regulation to foster growth are the major factors that are expected to provide lucrative opportunities for the market growth during the forecast period.
Regional Analysis:
Based on region, North America held the highest market share in terms of revenue in 2025, accounting for more than one-third of the global self-driving truck market revenue, due to the presence of major self-driving companies in the region. However, LAMEA region held the major CAGR of 14.2% in 2035, due to the government support for the self-driving truck technology which attracts many firms who are developing and testing autonomous truck technology. For instance, in May 2023 Einride an electric self-driving truck technology provider has signed a Memorandum of Understanding (MoU) with the UAE government to deploy its ecosystem across 550 kilometers in Abu Dhabi, Dubai, and Sharjah. The expansion of the private players such as Einride in the Middle-East shows the demand of autonomous technology in the region, which helps to grow the self-driving truck market.
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