Press release
Autonomous Commercial Vehicle Market Anticipated To Witness Robust Growth, Surpassing $22.84 Billion By 2029
Autonomous Commercial Vehicle
What Is the Current Autonomous Commercial Vehicle Market Size and Its Estimated Growth Rate?
The autonomous commercial vehicle market has experienced strong growth, going from $9.73 billion in 2024 to $11.42 billion in 2025 at a CAGR of 17.3%, with drivers including AI and robotics progress, workforce shortages, operational safety, government policy, and the rise of e-commerce.
The autonomous commercial vehicle market is projected to grow rapidly in the next few years. It will reach $22.84 billion by 2029, with a compound annual growth rate (CAGR) of 18.9%. Growth factors include progress in sensors, machine learning, and connectivity, driver shortages, safety regulations, environmental concerns, and improvements in supply chain efficiency. Prominent trends during this period include last-mile delivery, platoon technology, remote fleet monitoring, mixed traffic operations, and strategic partnerships.
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How Are Emerging Segments Shaping the Autonomous Commercial Vehicle Market Landscape?
The autonomous commercial vehicle market covered in this report 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
Subsegments:
1) By Truck: Light Duty Trucks, Medium Duty Trucks, Heavy Duty Trucks
2) By Trailer: Flatbed Trailers, Refrigerated Trailers, Tanker Trailers, Container Trailers
3) By Bus: Autonomous Passenger Buses, Autonomous Shuttle Buses
4) By Other Vehicle Types: Autonomous Delivery Vans, Autonomous Service Vehicles, Autonomous Construction Vehicles
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Which Growth Factors Are Influencing Autonomous Commercial Vehicle Market Expansion?
Government initiatives permitting testing of autonomous trucks are accelerating growth in the autonomous commercial vehicle market. For instance, the California DMV introduced a policy allowing light-duty autonomous delivery vehicles on public roads with proper permits, encouraging the adoption of such vehicles and driving market expansion.
Who Are the Dominant Players Across Different Autonomous Commercial Vehicle Market Segments?
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.
What Are the Latest Developing Trends in the Autonomous Commercial Vehicle Market?
The autonomous commercial vehicle market is seeing a trend of launching new products to drive cost benefits, product quality, safety, and user experience. For instance, in October 2022, XPeng, a Chinese electric vehicle manufacturer, launched the G9 SUV, which features the advanced XNGP driver-assist system combining Highway Navigated Guided Pilot and City NGP to automate driving functions for both highway and urban scenarios.
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Which Geographic Regions Are Expected to Dominate the Autonomous Commercial Vehicle Market in the Coming Years?
Asia-Pacific was the largest region in the autonomous commercial vehicle market in 2023. North America was the second largest region in the autonomous commercial vehicle market. The regions covered in the autonomous commercial vehicle market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Autonomous Commercial Vehicle Market?
2. What is the CAGR expected in the Autonomous Commercial Vehicle Market?
3. What Are the Key Innovations Transforming the Autonomous Commercial Vehicle Industry?
4. Which Region Is Leading the Autonomous Commercial Vehicle Market?
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