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Semi-Autonomous & Autonomous Truck Market by Feature (Adaptive Cruise Control, Automatic Emergency Braking, Blind Spot Detection, Intelligent Park Assist and Lane Assist), Automation Level (Level 0, Level 1, Level 2, Level 3 and Level 4/5), Component (Embedded System, Camera, Radar, LiDAR and Other), Application (Logistic, Mining and Construction) and Fuel Type (Diesel, Petrol, Gasoline, Compressed Natural Gas (CNG) and Electric & Hybrid): Global Opportunity Analysis and Industry Forecast, 2021–2027

A08510
Pages: NA
Feb 2021 | 149 Views
 
Author(s) : NA
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Semi-Autonomous & Autonomous Truck Market Outlook - 2027

Semi-autonomous and autonomous trucks control all the safety functions on their own as they sense the driving conditions of the surrounding. Semi-autonomous trucks are operated in longer distance with less human effort. Semi-autonomous trucks help the driver to regain controls by providing sufficient transition time. In addition, trucks can help reduce traffic congestion, leading to efficient delivery of goods and services. Furthermore, autonomous driving technology helps to reduce errors made by drivers. The sensor technology in autonomous driving plays a crucial role as it can scan the surrounding environment more efficiently than human senses. Such factors lead to the growth of the semi-autonomous & autonomous truck market in near future.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast unit

  Value (USD)

  Segments covered

  Feature, Automation Level, Component, Application, Fuel Type

  Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa

  Companies covered

Bosch, Continental, Denso, Aptiv, ZF, NXP, Nvidia, Daimler, Qualcomm, Volvo, Paccar, Waymo, Intel, and Tomtom

 

COVID-19 scenario analysis:

  • COVID-19 has rapidly affected the automobile industry, thus hampering the growth of the semi-autonomous & autonomous truck market in near future.
  • Rise in safety concerns has increased the demand for semi-autonomous & autonomous trucks, but COVID-19 has declined the market growth.
  • Logistics plays a major role in the semi-autonomous & autonomous truck market. However, reduced demand for transportation has hampered the market growth.
  • Lockdown and slow production of resources have led to the low demand for the logistics market.
  • Significant fall in demand and cash unavailability have also affected the semi-autonomous & autonomous truck market in near future.

Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis

The significant factors impacting the growth of the semi-autonomous & autonomous truck market are improved safety & enhanced driving experience and rapid technological advancements with increasing logistics activities. Moreover, shortage of drivers and reduction in delivery & transportation cost hamper the growth of the semi-autonomous & autonomous truck market. Furthermore, increase in volume of shipment innovation in autonomous driving technology is expected to fuel the semi-autonomous & autonomous truck market growth.

Improved safety and enhanced driving experience

The semi-autonomous & autonomous truck market provides safety while driving by providing autonomous features. Trucks help to reduce traffic congestion, leading to efficient delivery of goods and services. Thus, autonomous safety features provide enhanced driving experience to the driver, resulting in the growth of the semi-autonomous & autonomous truck market in near future.

Rapid technological advancements with increasing logistics activities 

With continuous innovation in the technological sector, semi-autonomous trucks can control all safety functions on their own. These functions include scanning the surrounding of the environment more efficiently than human senses, distance vision ahead, and detecting small obstacles. Additionally, increase in logistics activities also leads to the growth of the semi-autonomous & autonomous truck market in near future.

Key segments covered:

Segments

Sub-segments

  Features

  • Adaptive Cruise Control
  • Automatic Emergency Braking
  • Blind Spot Detection
  • Intelligent Park Assist
  • Lane Assist

  Automation Level

  • Level 0
  • Level 1
  • Level 2
  • Level 3
  • Level 4/5

  Component

  • Embedded System
  • Camera
  • Radar
  • LiDAR
  • Other

  Application

  • Logistic
  • Mining
  • Construction

  Fuel Type

  • Diesel
  • Petrol
  • Gasoline
  • Compressed Natural Gas  (CNG)
  • Electric and Hybrid

 

Key benefits of the report:

  • This study presents the analytical depiction of the semi-autonomous & autonomous truck market along with current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the semi-autonomous & autonomous truck market share.
  • The current market is analyzed from 2020 to 2027 to highlight the semi-autonomous & autonomous truck market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the semi-autonomous & autonomous truck market research report:

  • Which are the leading market players active in the market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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