Autonomous Trucks Global Market Report 2023-2028 - Key Vendor and Market Share Analysis for Volvo, PACCAR, Mercedes-Benz, Traton & TuSimple

News provided by

Jan 09, 2024, 18:15 ET

DUBLIN, Jan. 9, 2024 /PRNewswire/ -- The "Autonomous Trucks: Global Markets 2023-2028" report has been added to ResearchAndMarkets.com's offering.

The trucking industry has been developing with increased emphasis on productivity, maximum efficiency, and profits. Technological advancements are also supported by environmental regulations and enhanced safety requirements, propelling OEMs to increase R&D investments to develop advanced trucks. Alternative fuels, new materials, virtual reality simulators, advanced aerodynamic designs, improved efficiency engines, stability control systems, virtual dashboards, real-time GPS monitoring, efficient routing software, and tire pressure monitoring are just a few of the rapidly growing technologies in the trucking industry.

Although autonomous trucks have great potential to replace conventional trucks in terms of convenience, the cost of manufacturing, lack of proper infrastructures, inadequate regulations, policies of governments, and the safety of commuters and pedestrians are some factors expected to restrain market growth. Some major factors driving market growth include the expansion of industrial sectors in the emerging market, growing demand from the logistics industry, and rising demand from the construction sector, due to the increasing number of construction activities. The market is expected to grow in the coming years due to improving economies across developing and developed countries.

This report segments the global autonomous trucks market by component, autonomy, propulsion type, truck type, end-use, and region. Some emerging trends in the global autonomous trucks market include increasing investments in R&D by major market players to develop advanced technologies for autonomous vehicles, such as artificial intelligence and machine learning. Rising focus on developing electric and hybrid autonomous trucks to lower carbon emissions and enhance sustainability can expand the market. Additionally, integrating connectivity and advanced driver assistance systems (ADAS) is gaining traction to improve safety and efficiency. The adoption of autonomous trucks across the logistics and transportation industry is mostly driven by benefits such as reduced labor costs, improved vehicle utilization, and enhanced productivity.

Growing awareness among customers is boosting demand for vehicles with autonomous and advanced safety features. Top OEM suppliers have adopted the strategy of partnering with technology companies to develop ADAS. Tech companies such as Nvidia Corporation have entered this space to provide services to companies such as AB Volvo and Paccar Inc.

The report also focuses on the major trends and challenges that affect the market and the competitive landscape. It explains the current market trends and provides detailed profiles of the major players and their strategies to enhance their market presence. The report estimates the size of the global autonomous trucks market in 2023 and provides projections of the expected market size through 2028.

The Report Includes

40 data tables and 36 additional tables
An overview of the global market for autonomous trucks
Analysis of global market trends, featuring historical revenue data for 2022, estimated figures for 2023, as well as forecasts for 2024, 2026 and 2028, including projections for compound annual growth rates (CAGRs) through 2028
Evaluation of the current market size and revenue growth prospects, accompanied by a market share analysis by component, autonomy, propulsion type, truck type, end use and geographical region
Coverage of evolving technologies such as automated braking systems, emergency lane assist systems, connectivity systems and navigation systems, and a discussion of their impact on the future of the automobile industry
Analysis of the current and future market potential and the regulatory framework and reimbursement scenarios
Review of patents, product pipelines, ESG trends and emerging technologies related to autonomous trucks
Market share analysis of the key companies and coverage of mergers & acquisitions, joint ventures, collaborations and partnerships, as well as a patent analysis
Profiles of leading market participants

Key Topics Covered:

Chapter 1 Introduction

Chapter 2 Summary and Highlights

Chapter 3 Market Overview

Chapter 4 Market Dynamics

Market Drivers
- Growing Emphasis on Improved Road Safety and Traffic Control
- Reduced Emissions and Higher Fuel Efficiency of Autonomous Trucks
- Improved Technological Landscape
Market Challenges
- Inconsistent Regulatory Framework
- Lack of IT and Communication Infrastructure in Developing Nations
Market Opportunities
- Growth of Connected Infrastructures
- Development of Intelligent Transportation Systems

Chapter 5 Emerging Technologies and Developments

Future Scope of Autonomous Trucks
Application of Emerging Technologies in Autonomous Trucks
Artificial Intelligence
Machine Learning
Advanced Driver-Assistance System
Light Detection and Ranging

Chapter 6 Market Breakdown by Component

Software
Hardware

Chapter 7 Market Breakdown by Autonomy

Semi-Autonomous
Full Autonomous

Chapter 8 Market Breakdown by Propulsion Type

IC Engines
Electric
Hybrid

Chapter 9 Market Breakdown by Truck Type

Light-Duty
Medium-Duty
Heavy-Duty

Chapter 10 Market Breakdown by End Use

Logistics and Transportation
Manufacturing
Mining
Other End Use
Port
Oil and Gas
Chemicals
Agriculture
Construction

Chapter 11 Market Breakdown by Region

Chapter 12 Sustainability in Autonomous Trucks Industry: An ESG Perspective

Key ESG Issues in the Autonomous Trucks Market
Carbon Footprint/Environmental Impact
Animal Welfare
Labor Practices
Transparency and Governance
Autonomous Trucks Market ESG Performance Analysis
Environmental Performance
Social Performance
Governance Performance
Current Status of ESG Risk Ratings and Levels for Companies in the Autonomous Trucks Market
Consumer Attitudes Towards ESG in the Autonomous Trucks Market
ESG Practices in the Autonomous Trucks Market
Case Study
Concluding Remarks

Chapter 13 Patent Analysis

Granted Patents (2020-2023)
Recently Awarded Patents

Chapter 14 M&A and Venture Funding Outlook

Mergers and Acquisitions Analysis
Startup Funding in Autonomous Trucks Market

Chapter 15 Competitive Intelligence

Vendor Landscape
Market Share Analysis
- Volvo AB
- Paccar Inc.
- Mercedes-Benz Group AG
- Traton Group
- TuSimple Inc.

Chapter 16 Company Profiles

AB Volvo
Aptiv
Caterpillar
Continental Ag
Denso Corp.
Einride
Kodiak Robotics Inc.
Mercedes-Benz Group Ag
Paccar Inc.
Robert Bosch
Tesla Inc.
Tusimple Holdings Inc.
Waymo

For more information about this report visit https://www.researchandmarkets.com/r/lyyys4

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets