Press release
Heavy-Duty Autonomous Vehicle Market Exclusive Trends Analysis with Forecast to 2034
According to the latest research by InsightAce Analytic, the Global Heavy-Duty Autonomous Vehicle Market Size is valued at USD 204.6 Bn in 2024 and is predicted to reach USD 1921.0 Bn by the year 2034 at a 25.2% CAGR during the forecast period for 2025-2034.
Request For Free Sample Pages:
https://www.insightaceanalytic.com/request-sample/1974
Heavy-duty autonomous vehicles are self-driving machines designed for transporting heavy loads and navigating challenging terrains, such as construction sites and mining operations. These vehicles leverage advanced technologies, including LiDAR sensors, GPS, and sophisticated algorithms, to analyze their environment and make real-time operational decisions for safe and efficient navigation.
They can be powered by electric motors or internal combustion engines and are engineered to function continuously with minimal human intervention. The adoption of heavy-duty autonomous vehicles offers several advantages, including enhanced productivity, increased operational efficiency, and reduced labor costs.
List of Prominent Players in the Heavy-Duty Autonomous Vehicle Market:
• AB Volvo
• General Motors
• Mercedes-Benz Group AG
• BMW Group
• Volkswagen AG
• PACCAR Inc.
• Renault Trucks
• Traton Group
• Shanghai Newrizon Technology Co., Ltd.
• New Flyer (NFI Group)
• Karsan
• Proterra
• 2getthere B.V.
• Apollo (Baidu)
• Magna International Inc.
• ZF Friedrichshafen AG
• Zoox, Inc.
• Cruise LLC
• Schaeffler AG
• P3 Mobility
• HOLON GmbH
• Embark Trucks Inc.
• Kodiak Robotics, Inc.
• TuSimple
• Torc Robotics
• Aurora Innovation Inc.
• PlusAI, Inc.
• Waymo LLC
• Mobileye
Market Dynamics:
Drivers-
The increasing adoption of autonomous vehicles in public transportation is being driven by rising investments in research and development (R&D) and advancements in autonomous software and hardware technologies. The integration of artificial intelligence (AI), cameras, sensors, and GPS enables buses to operate without human drivers, enhancing efficiency and safety. Europe remains at the forefront of this technological shift, with substantial investments in automotive R&D.
Curious about this latest version of the report? @https://www.insightaceanalytic.com/enquiry-before-buying/1974
Challenges:
The growth of the global autonomous vehicle market faces challenges such as rising raw material and component costs, shifting market demand from developed to emerging economies, and escalating production expenses. A critical obstacle is the lack of standardized testing protocols and certification criteria for autonomous technologies and sensors. The absence of industry-wide testing standards has led companies to rely on internal validation methods, creating inconsistencies in accuracy and performance assurance. Additionally, logistical costs associated with the international transport of hardware components contribute to increased pricing pressures. The high development costs for advanced autonomous components further impact overall manufacturing expenses.
Regional Trends:
North America is expected to dominate the heavy-duty autonomous vehicle market, driven by government support for autonomous driving technologies, a growing demand for transportation solutions, and a strong manufacturing ecosystem. The region's construction, mining, logistics, and transportation industries heavily rely on heavy-duty vehicles for material and cargo transportation, further fueling demand for autonomous trucks. This demand, combined with technological advancements and policy support, is anticipated to drive significant market growth in North America.
Recent Developments:
• In June 2023, GM is investing over $1 billion in Michigan factories to increase the production of heavy-duty trucks. Since 2013, GM has committed more than $30 billion to manufacturing and parts distribution facilities in the United States, according to its most recent announcement.
• In September 2021, Volvo Autonomous Solutions and Aurora reached a new milestone in their partnership to develop autonomous on-road vehicles in the United States. Long-haul VNL model, A prototype of Volvo Trucks' flagship, equipped with Aurora Driver technology, has been unveiled, marking a significant step toward the commercialisation of entirely autonomous Class 8 trucks in North America.
Get Specific Chapter/Information From The Report:
https://www.insightaceanalytic.com/customisation/1974
Segmentation of Heavy-Duty Autonomous Vehicle Market-
By Application-
• Logistics
• Public Transportation
• Construction and Mining
• Others
By Propulsion Type -
• Internal Combustion Engine Vehicles
• Electric Vehicles
o Battery Electric Vehicles (BEV)
o Plug-in Hybrid Electric Vehicles (PHEV)
o Hybrid Electric Vehicles (HEV)
By Vehicle Type -
• Heavy Trucks
• Heavy Buses
• Roboshuttles
By Level of Autonomy-
• Fully Autonomous Vehicles
• Semi-Autonomous Vehicles
By Sensor Type-
• LiDAR
• RADAR
• Camera
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
Get More Information:@
https://www.insightaceanalytic.com/report/heavy-duty-autonomous-vehicle-market-/1974
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.https://www.insightaceanalytic.com/images_data/148861653.JPG
Contact us:
info@insightaceanalytic.com
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 551 226 6109
Asia: +91 79 72967118
Follow Us on LinkedIn @ bit.ly/2tBXsgS
Follow Us On Facebook @ bit.ly/2H9jnDZ
Twitter: https://twitter.com/Insightace
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Heavy-Duty Autonomous Vehicle Market Exclusive Trends Analysis with Forecast to 2034 here
News-ID: 4031645 • Views: …
More Releases from Insightace Analytic Pvt Ltd.
E-Commerce Logistics Market Exclusive Report with Detailed Study Analysis
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global E-Commerce Logistics Market Size, Share & Trends Analysis Report By Service Type (Transportation And Warehousing) And Operational Area (International And Domestic)- Market Outlook And Industry Analysis 2034"
The global e-commerce logistics market is estimated to reach over USD 5340.2 billion by 2034, exhibiting a CAGR of 26.4% during the forecast period.
Request For Free Sample Pages:…
E-Bike Battery Pack Market Exclusive Report on the Latest Revenue and Future Sco …
The global e-bike battery pack market is estimated to reach over USD 45.1 billion by 2034, exhibiting a CAGR of 15.2% during the forecast period.
Get Free Access to Demo Report, Excel Pivot and ToC: https://www.insightaceanalytic.com/request-sample/1594
An e-bike battery pack is a rechargeable energy source that powers the electric motor of an electric bicycle, enabling motion without the need for pedaling. These battery packs vary in size, capacity, and…
Automotive Lead Acid Battery Market Report Latest Trends and Future Opportunitie …
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Automotive Lead Acid Battery Market Size, Share & Trends Analysis Report By Product (SLI and Micro-Hybrid Batteries), Type (Flooded, Enhanced Flooded, and VRLA), Customer Segment (OEM and Aftermarket), End User (Passenger Car, Light Commercial Vehicles, Heavy Commercial Vehicles, Two-Wheeler, and Three-Wheeler), and Application (Hybrid Vehicles, Electric Vehicles, Light Motor Vehicles, and Heavy Motor Vehicles)- Market…
Air Freight market Current Scenario with Future Aspect Analysis
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Air Freight Market Size, Share & Trends Analysis Report By Service (Freight, Express, Mail, and Other Services), Destination (Domestic and International), and End-Use (Private and Commercial)- Market Outlook And Industry Analysis 2034"
The global Air Freight market is estimated to reach over USD 487.6 billion by 2034, exhibiting a CAGR of 6.3% during the forecast period.…
More Releases for Vehicle
Connected Car Devices Industry Forecast to 2028 Global Market Analysis by Commun …
Connected car devices assist in monitoring vehicles and drivers. These devices update owners and fleet managers about the emissions, vehicle performance, vehicle maintenance, on-board diagnostics (OBD), pertaining to fuel economy index, etc. Also, it provides GPS tracking and real-time alerts. Increasing concerns and awareness regarding safety and high demand for advanced system and safety features in vehicles are driving the growth of the connected car devices market.
Sample PDF showcases the…
Steering Tie Rod Market Vehicle (Passenger car, Commercial vehicle, and Heavy-du …
A steering tie rod is an integral part of the steering mechanism in an automobile as it is a lean structural bar or rod which is used as a tie and it is capable of carrying only ductile loads. The rod tends to transmit a force from the rack gear to the steering knuckle, which enables the wheel to turn while the vehicle is moving. This tie rod comprises two…
Offshore AUV & ROV Market by ROV, High Capacity Electric Vehicle, Small Vehicle, …
This study report Global Offshore AUV & ROV Market, the analyst provides growth estimates, forecasts, and an in-depth analysis of all key factors at play in the Market. The report takes into account the micro and macro factors that are likely to impact the growth trajectory of the Market. The study further presents details on the investments initiated by several organizations, institutions, government, and non-government bodies.
The report investigates and analyzes…
Automotive ABS and ESC Market Report 2018: Segmentation by Product (Three Channe …
Global Automotive ABS and ESC market research report provides company profile for Robert Bosch, TRW, Machino, Haldex, Aisin Seiki, Hitachi, Autoliv, Contenental, Delphi, Denso and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The…
Vehicle to Vehicle (V2V)/Vehicle to Infrastructure (V2I) Market expected to grow …
The V2V/V2I market has penetration into different technologies such as smart sensors, big data analytics and cloud computing. The smart sensors manage and control traffic on the roads by offering the drivers and passengers a plethora of advanced transport services aimed at improving driving efficiency and safety. Big data analytics aids the companies in understanding the user requirements and expectations thus bringing about relevant changes in the automotive developments. Vehicular…
Wheelchair Accessible Vehicle Market : by Vehicle Type - Large Size Vehicle, Med …
Researchmoz added Most up-to-date research on "2017 Global Wheelchair accessible vehicles Industry Report" to its huge collection of research reports.
This report is an essential reference for those who look for detailed information on global Wheelchair accessible vehicles market. The report covers data on national, regional, and global markets including historical and future trends for supply, demand, prices, trading, competition as well as global major vendors' information.
In addition…
