Allied Market Research

2024

Semi-autonomous & Autonomous Truck Market

Semi-Autonomous & Autonomous Truck Market Size, Share, Competitive Landscape and Trend Analysis Report by Features (Adaptive Cruise Control, Automatic Emergency Braking, Blind Spot Detection, Intelligent Park Assist, Lane Assist), by Automation Level (Level 0, Level 1, Level 2, Level 3, Level 4/5), by Component (Embedded System, Camera, Radar, LiDAR, Other), by Application (Logistic, Mining, Construction) and by Fuel Type (Diesel, Petrol, Gasoline, Compressed Natural Gas (CNG), Electric and Hybrid): Global Opportunity Analysis and Industry Forecast, 2023-2032

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Author's: | Lalit Janardhan Katare
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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.

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 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 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?

Semi-Autonomous & Autonomous Truck Market Report Highlights

Aspects Details
Semi-Autonomous & Autonomous Truck Market By Features
By Features
  • Adaptive Cruise Control
  • Automatic Emergency Braking
  • Blind Spot Detection
  • Intelligent Park Assist
  • Lane Assist
Semi-Autonomous & Autonomous Truck Market By Automation Level
By Automation Level
  • Level 0
  • Level 1
  • Level 2
  • Level 3
  • Level 4/5
Semi-Autonomous & Autonomous Truck Market By Component
By Component
  • Embedded System
  • Camera
  • Radar
  • LiDAR
  • Other
Semi-Autonomous & Autonomous Truck Market By Application
By Application
  • Logistic
  • Mining
  • Construction
Semi-Autonomous & Autonomous Truck Market By Fuel Type
By Fuel Type
  • Diesel
  • Petrol
  • Gasoline
  • Compressed Natural Gas (CNG)
  • Electric and Hybrid
Semi-Autonomous & Autonomous Truck Market By Region
By Region
  • North America  (US, Canada)
  • Europe  (Germany, UK, France, rest of Europe)
  • Asia-Pacific  (China, Japan, India, rest of Asia-Pacific)
  • Latin America  (Brazil, Mexico, rest of LATAM)
  • Middle East 
  • Africa 
Key Market Players
Key Market Players

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

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Semi-Autonomous & Autonomous Truck Market

Global Opportunity Analysis and Industry Forecast, 2023-2032