Heavy-Duty Autonomous Vehicle Market Opportunities Fueled by Rising Investments in R&D Autonomous Software and Hardware Technologies

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Heavy-Duty Autonomous Vehicle Market- (By Application (Logistics, Public Transportation, Construction and Mining, Others), By Propulsion Type (Internal Combustion Engine Vehicles, Electric Vehicles), 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)) Trends, Industry Competition Analysis, Revenue and Forecast To 2035."

Global Heavy-Duty Autonomous Vehicle Market Size is valued at USD 251.74 Bn in 2025 and is predicted to reach USD 2,284.23 Bn by the year 2035 at a 24.8% CAGR during the forecast period for 2026 to 2035.

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Heavy-duty autonomous vehicles are self-driving systems specifically engineered to transport substantial loads and operate in demanding environments, such as construction sites and mining operations. These vehicles leverage advanced technologies, including LiDAR sensors, GPS navigation, and sophisticated algorithms, to interpret their surroundings and execute safe and efficient operational decisions. Designed for continuous operation with minimal human intervention, they are powered by either electric or internal combustion engines. The deployment of heavy-duty autonomous vehicles delivers multiple advantages, including increased productivity, enhanced 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

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Market Dynamics
Drivers:
The adoption of autonomous vehicles in public transportation is being propelled by increased research and development expenditure and the global advancement of autonomous software and hardware technologies. Autonomous buses, equipped with artificial intelligence (AI), cameras, sensors, and GPS systems, are capable of transporting passengers without human drivers.

Europe is at the forefront of implementing autonomous buses, supported by substantial automotive industry investments. According to a report published in April 2022 by the European Automobile Manufacturers' Association (ACEA), the European automotive sector invested approximately $64 billion in FY2020, ranking it as the leading industrial sector within the European Union.

Challenges:
Global market expansion faces constraints due to rising component and raw material costs, shifts in end-use demand from developed to emerging regions, and escalating production expenses. The absence of standardized testing protocols and sensor certification frameworks for autonomous technologies presents additional challenges. Many companies continue to rely on internal testing procedures, creating uncertainties around the accuracy and performance of advanced hardware and software systems.

Furthermore, logistical costs associated with the international transport of hardware components increase overall end-user prices. High development costs for certain components further contribute to elevated pricing. Organizations integrating Level 4 and higher autonomous technology sensors encounter additional cost variability, which is exacerbated during periods of market volatility, potentially leading to disruptions in the heavy-duty autonomous vehicle sector.

Regional Trends:
North America is projected to maintain a leading position in the heavy-duty autonomous vehicle market. Growth in the region is supported by government initiatives promoting autonomous driving technologies, rising transportation demand from rapidly expanding economic activities, and a well-established manufacturing base. The demand for autonomous trucks is particularly pronounced in industries such as mining, construction, logistics, and freight transportation, where these vehicles are deployed to transport materials and goods efficiently.

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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.

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

Read Overview Report- https://www.insightaceanalytic.com/report/heavy-duty-autonomous-vehicle-market-/1974

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This release was published on openPR.