Market for Autonomous Trucks is to rise at 15.6% CAGR by 2023, according to Autonomous Trucks Market 2019 Global Outlook to 2023 report published by Market Research Future. Global Autonomous Trucks Market by Components (Hardware and Software), Sensor Type (LiDAR, Image, Radar, Ultrasonic and Others), Technology (Semi-Automated Trucks and Fully Automated Trucks), and Region with Forecast To 2023.
Report provides comprehensive Autonomous Trucks Market information including Global Autonomous Trucks Market Size, Share, Trends, Growth, Regional Outlook and more. Autonomous Trucks Global Market report includes important market data on Autonomous Trucks Industry which helps you to grow you Autonomous Trucks business globally.
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The well-known players in the autonomous trucks market listed as Google Inc (U.S.), Delphi Automotive PLC (Ireland), Embark Trucks (U.S.), AB Volvo (Sweden), Tesla Inc. (U.S.), Uber Technologies Inc. (U.S.), Ford Motor Co. (U.S.), BMW AG (Germany), Robert Bosch GmbH (Germany), General Motor Company (U.S.), and Volkswagen AG (Germany).
Report helps to learn about how to grow Autonomous Trucks business globally. Report provides assessing Autonomous Trucks market opportunity in new markets and strategies in those regions. Report provides comprehensive market data on Autonomous Trucks industry manufacturers, distributors, suppliers, consulting companies from Autonomous Trucks market and mobility industry, investors, stakeholders, and research organizations.
The Global Autonomous Trucks Market Valuation Might Recorded To Be Higher than Previous Years. Autonomous trucks market to See a Remarkable Growth in the Forecast Period Market Highlight
Market Research Future has made available a detailed report on the global autonomous truck, which states that the market is directed to acquire a higher valuation. The registered CAGR is calculated to be 15.6%, which is considered a virtuous rate of growth in the present time. The valuation also states a promising future for the global autonomous truck market.
Market Key Trends & Challenges
The autonomous truck is a commercial vehicle that relies on unusual techniques that enable it to sense surroundings and to map without any human action. Autonomous trucks strongly depend on satellites, guided systems and ground sensors. These systems mainly identify obstacles and relevant signage to give proper navigation to the trucks for running without damage. These are measured to be the essential factors actively leading the market growth.
Autonomous trucks are majorly driven owing to the shortage of truck drivers and improved supply of goods and materials to various end sources. As per the American Truck Association, there had been a shortage of 36,500 drivers in the year 2016, which has improved to 50,000 by 2017.
At the same time, the mounting volumes of shipment at a rapid pace are highly anticipated to impel autonomous truck sales and persuade the manufacturers or new entrants to invest more in the future. Furthermore, the intensifying labor cost of drivers, especially in the emerging markets, will create openings for autonomous trucks, which is technologically oriented with minimum human input to eliminate errors and damages.
Apart from this, the shift of production footprint in the developing countries and rising economic growth would also result in a boost in the sales of autonomous trucks. Consequently, there will be opportunities for new entrants in the market.
On the flip side, the factor of the risen requirement of fuel efficiency and strict regulation regarding the harmful fuel emission will come up with the most significant challenge for the industry manufacturers.
Segmentation of Market
The market of autonomous trucks is segmented by the elements of components, by sensor type, and by technology.
Autonomous trucks by components segment hardware and software. These raise the chances of hacking any system, which can result in massive damage to the systems.
Autonomous trucks by sensor type include LiDAR, Image, Radar, ultrasonic and more.
Autonomous trucks by technology include semi-automated and fully automated.
Geographically, the global autonomous trucks industry is studied through significant regions such as Europe, Asia Pacific, North America, and the Rest of the World.
Amongst all regions, North America is expected to lead the growth of the market during the estimated period. The high rate of technology adoption, the amplified volume of foreign tonnage, and the subsistence of major autonomous trucks manufacturers, such as Uber Technologies and Embark trucks, have driven the growth of the region over the forecast period. Even the availability of modern infrastructure facilities and the boom in demand for automobiles are further driving the market.
Autonomous trucks are not directed towards rules and hence, can extend their working more than human working hours. With this, the Asia Pacific market is likely to expand at a high CAGR throughout the forecast period owing to low labor cost for the production plant and amplified effort towards ease of operating in countries such as China, Singapore, Japan and India. The enormous demand for logistic services in China and Singapore and the government are backing for the advanced technology and fewer regulatory hurdles will boost the growth of the Asia Pacific autonomous trucks market.
Table Of Contents
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.2 RESEARCH OBJECTIVE
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1 PORTER’S FIVE FORCES ANALYSIS
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
5 GLOBAL AUTONOMOUS TRUCKS MARKET, BY COMPONENT
5.2.1 MARKET ESTIMATES & FORECAST, 2018-2023
5.2.2 MARKET ESTIMATES & FORECAST BY REGION, 2018-2023
5.3.1 MARKET ESTIMATES & FORECAST, 2018-2023
5.3.2 MARKET ESTIMATES & FORECAST BY REGION, 2018-2023
6 GLOBAL AUTONOMOUS TRUCKS MARKET, BY SENSOR TYPE
6.2.1 MARKET ESTIMATES & FORECAST, 2018-2023
6.2.2 MARKET ESTIMATES & FORECAST BY REGION, 2018-2023
6.3.1 MARKET ESTIMATES & FORECAST, 2018-2023
6.3.2 MARKET ESTIMATES & FORECAST BY REGION, 2018-2023
6.4.1 MARKET ESTIMATES & FORECAST, 2018-2023
6.4.2 MARKET ESTIMATES & FORECAST BY REGION, 2018-2023
6.5.1 MARKET ESTIMATES & FORECAST, 2018-2023
6.5.2 MARKET ESTIMATES & FORECAST BY REGION, 2018-2023
6.6.1 MARKET ESTIMATES & FORECAST, 2018-2023
6.6.2 MARKET ESTIMATES & FORECAST BY REGION, 2018-2023
6.7.1 MARKET ESTIMATES & FORECAST, 2018-2023
6.7.2 MARKET ESTIMATES & FORECAST BY REGION, 2018-2023
7 GLOBAL AUTONOMOUS TRUCKS MARKET, BY TECHNOLOGY
7.2 SEMI-AUTOMATED TRUCKS
7.2.1 MARKET ESTIMATES & FORECAST, 2018-2023
7.2.2 MARKET ESTIMATES & FORECAST BY REGION, 2018-2023
7.3 FULLY AUTOMATED TRUCKS
7.3.1 MARKET ESTIMATES & FORECAST, 2018-2023
7.3.2 MARKET ESTIMATES & FORECAST BY REGION, 2018-2023
8 GLOBAL AUTONOMOUS TRUCKS MARKET, BY REGION
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