Asia-Pacific Heavy-Duty Autonomous Vehicle Market Forecasts Exceptional Growth 2023-2032 with Focus on Japan, South Korea, India

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Feb 08, 2024, 12:45 ET

DUBLIN, Feb. 8, 2024 /PRNewswire/ -- The "Asia-Pacific Heavy-Duty Autonomous Vehicle Market: Analysis and Forecast, 2023-2032" report has been added to ResearchAndMarkets.com's offering.

In an unprecedented surge, the Asia-Pacific region's heavy-duty autonomous vehicle market is projected to grow from a substantial $34.8 billion in 2023 to a staggering $305.3 billion by 2032, registering a remarkable CAGR of 27.28% during the forecasted period.

The Asia-Pacific heavy-duty autonomous vehicle industry is undergoing rapid evolution and expansion, with the latest market analysis indicating exponential growth potential. A detailed market analysis and forecast for the years 2023-2032 has been added to our extensive research repository, further enriching our collection with valuable insights and data-driven predictions.

Market Trajectory Envisioned

This growth trajectory signals a transformative phase in autonomous driving technology and hints at the increasing appetite for vehicle automation within the APAC region, excluding China.

Industry Advancements Propelling Market

The intensive advancements in autonomous driving technology, combined with the growing adoption in critical sectors such as logistics, public transportation, and construction and mining, are major contributors to the anticipated growth. This surge is further bolstered by the region's focus on enhancing operational efficiency and safety in challenging operational environments.

Organizational Growth and Competitive Landscape

Organizations stand to gain significant strategic advantages by leveraging insights from this report. A focus on product and innovation strategies is critical for OEMs as they navigate the competitive terrain, aiming to deliver high-performing and affordable autonomous heavy-duty vehicles. Emerging players are set to challenge established participants, while partnerships and collaborations emerge as strategic imperatives for long-term sustainability and market dominance.

Existing and new entrants in the APAC heavy-duty autonomous vehicle market are utilizing growth and marketing strategies such as M&A, product launches, and strategic collaborations to secure and amplify their market position. A comprehensive analysis of competitive strategies offers stakeholders clear insights into capturing untapped markets and reinforcing their competitive edge.

As the APAC heavy-duty autonomous vehicle market continues to expand, the detailed analysis and forecast added to our repository provide critical insights for stakeholders aiming to harness growth opportunities and strategize for the market's shifting dynamics.

Segment-Wise Market Insights

Logistics and public transportation are poised as key application areas driving market expansion.
Electric and internal combustion engine vehicles are the primary contenders within the propulsion type category, with electric vehicles expected to witness significant traction.
Heavy trucks, buses, and roboshuttles are the chief vehicle types being innovated for enhanced autonomy.
Market segmentation extends into semi-autonomous and fully autonomous vehicles, reflecting a rapid technological evolution.
The sensor technology segment, featuring LiDAR, RADAR, and cameras, is essential to the development of sophisticated autonomous systems.
The geographical perspective includes key markets such as Japan, South Korea, India, and the rest of the Asia-Pacific region, delineating region-specific growth and opportunities.

Key Topics Covered:

Executive Summary

Scope of the Study

1 Markets
1.1 Industry Outlook
1.1.1 Trends: Current and Future
1.1.1.1 Electrification and Automation of Commercial Vehicles
1.1.1.2 Rising Awareness about Autonomous Vehicles
1.1.2 Advance Driver Assistance System (ADAS)
1.1.2.1 Overview
1.1.2.2 ADAS Features
1.1.3 Ecosystem of Autonomous Driving
1.1.4 Supply Chain Analysis
1.1.5 Regulatory Landscape
1.1.5.1 Current Laws and Regulatory Bodies
1.1.5.2 Current Laws and Regulatory Bodies Related to Testing and Experimentation of Autonomous Vehicles (by Country)
1.1.6 Ecosystem/Ongoing Programs
1.1.6.1 Consortiums, Associations, and Regulatory Bodies
1.1.6.2 Programs by Research Institutions and Universities
1.1.7 Key Patent Mapping
1.1.7.1 Analyst View
1.1.8 Startup Landscape
1.2 Business Dynamics
1.2.1 Business Drivers
1.2.1.1 Development of Regulations for Autonomous Mobility
1.2.1.2 Rising Developments and Integration of Autonomous Buses in Public Transport
1.2.1.3 Developments of High-Tech Autonomous Solutions for Commercial Vehicles
1.2.2 Business Restraints
1.2.2.1 High Cost and Rising Price Volatility of Hardware Components
1.2.2.2 Semiconductor Shortage Effect
1.2.3 Business Strategies
1.2.3.1 Market Development
1.2.3.2 Product Development
1.2.4 Corporate Strategies
1.2.4.1 Mergers and Acquisitions
1.2.4.2 Partnerships, Collaborations, and Joint Ventures
1.2.5 Business Opportunities
1.2.5.1 Advantages Offered by Commercial Autonomous Vehicles to Logistics Industry
1.2.5.2 Emerging Adoption of Roboshuttle
1.3 Impact of COVID-19 on the Industry

2 Regions
2.1 China
2.1.1 Market
2.1.1.1 Buyer Attributes
2.1.1.2 Key Manufacturers in China
2.1.1.3 Competitive Benchmarking
2.1.1.3.1 Conventional Heavy-Duty Vehicles
2.1.1.3.2 Autonomous Heavy-Duty Vehicles
2.1.1.4 Business Challenges
2.1.1.5 Business Drivers
2.1.2 Applications
2.1.3 Products
2.2 Asia-Pacific and Japan
2.2.1 Market
2.2.1.1 Buyer Attributes
2.2.1.2 Key Manufacturers in Asia-Pacific and Japan
2.2.1.3 Competitive Benchmarking
2.2.1.3.1 Conventional Heavy-Duty Vehicles
2.2.1.3.2 Autonomous Heavy-Duty Vehicles
2.2.1.4 Business Challenges
2.2.1.5 Business Drivers
2.2.2 Applications
2.2.3 Products
2.2.4 Asia-Pacific and Japan: Country-Level Analysis

3 Markets - Competitive Benchmarking & Company Profiles
3.1 Competitive Benchmarking
3.1.1 Competitive Position Matrix
3.1.1.1 Conventional Heavy-Duty Vehicles
3.1.1.2 Autonomous Heavy-Duty Vehicles
3.2 Market Share Snapshot
3.3 Company Profiles
3.3.1 Type 1 Companies: Multiple Vehicle Type Manufacturers
3.3.1.1 Shanghai Newrizon Technology Co., Ltd.
3.3.1.1.1 Company Overview
3.3.1.1.1.1 Role of Shanghai Newrizon Technology Co., Ltd. in the Heavy-Duty Autonomous Vehicle Market
3.3.1.1.1.2 Product Portfolio
3.3.1.1.2 Business Strategies
3.3.1.1.2.1 Product Development
3.3.1.1.2.2 Market Development
3.3.1.1.3 Analyst View
3.3.2 Type 4 Companies: Roboshuttle Manufacturers
3.3.2.1 Apollo (Baidu)
3.3.2.1.1 Company Overview
3.3.2.1.1.1 Role of Apollo (Baidu) in the Heavy-Duty Autonomous Vehicle Market
3.3.2.1.1.2 Product Portfolio
3.3.2.1.2 Analyst View

4 Research Methodology

For more information about this report visit https://www.researchandmarkets.com/r/x1w02w

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