Press release
Navigating the Future: Autonomous Commercial Vehicle Market Trends and Forecast Insights, 2025 Edition
Autonomous Commercial Vehicle
Autonomous Commercial Vehicle Market Size Growth Forecast: What to Expect by 2025?
In recent years, the market size of autonomous commercial vehicles has seen accelerated growth. The market is projected to expand from $9.73 billion in 2024 to $11.42 billion in 2025, with a compound annual growth rate (CAGR) of 17.3%. Factors contributing to this growth during the historic period include developments in robotics and artificial intelligence, labor scarcity, improvements in safety and efficiency, regulatory initiatives, and the boom in e-commerce.
How Will the Autonomous Commercial Vehicle Market Size Evolve and Grow by 2029?
The market size of autonomous commercial vehicles is anticipated to experience swift expansion in the coming years, reaching $22.84 billion in 2029 with a CAGR of 18.9%. The predicted growth during the forecast period can be credited to continuous improvements in sensors, machine learning, and connectivity technology, as well as ongoing driver shortages, stringent safety regulations, environmental concerns, and supply chain efficiency goals. Some of the major upcoming trends during this same period involve last-mile delivery, platoon technology, remote fleet monitoring, mixed traffic operation, and partnerships and collaboration.
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What Drivers Are Propelling the Growth of Autonomous Commercial Vehicle Market Forward?
Growth in the autonomous commercial vehicle market is being driven by an increase in government authorizations for autonomous truck testing on public roads. Major countries' governments are green-lighting autonomous vehicle testing to advance the use of commercial vehicles for delivery and other applications. California's Department of Motor Vehicles (DMV) has suggested a rule that would permit businesses to deploy or evaluate lightweight automated motor trucks or delivery vehicles on the state's public roadways. According to this rule, companies are allowed to test delivery vehicles weighing under 10,001 pounds with a DMV approved permit. By authorizing autonomous vehicle testing on roads, the government motivates customers to get a look at these vehicles, thereby creating a potential sales opportunity, fuelling the demand and growth for autonomous commercial vehicles in the coming years.
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Which Emerging Trends Are Transforming the Autonomous Commercial Vehicle Market in 2025?
Introducing new products is a rising trend in the autonomous commercial vehicle sector. This trend is driven by market players who are focused on new product launches to reap substantial cost benefits, ensure product quality, maintain safety standards, and improve user experience. As an exemplification, the Chinese electric vehicle manufacturer, XPeng, unveiled its G9 SUV in October 2022 - a mass-produced commercial vehicle. The SUV comes with a newly advanced driver assist system (ADAS), the XNGP, an integration of XPeng's Highway Navigated Guided Pilot (NGP) and City NGP for automating specific driving features in both highway and city driving conditions.
What Are the Key Segments in the Autonomous Commercial Vehicle Market?
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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Who Are the Key Players Shaping the Autonomous Commercial Vehicle Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth in the Autonomous Commercial Vehicle Market?
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
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