Semi-autonomous & Autonomous Truck Market is estimated to reach 1,705 (Thousand) Units by 2027 at a CAGR of 31.7 %, predicts forencis research (FSR).
Semi-autonomous & Autonomous Truck Market: Summary
The Global Semi-autonomous & Autonomous Truck Market is estimated to reach 1,705 (Thousand) Units by 2027 at a CAGR of 31.7 %, predicts forencis research (FSR).
The semi-autonomous and autonomous trucks can run without human interference and have the capability of driving themselves by using radars, artificial intelligence, and sensors but need human interference when they encounter a situation that they cannot handle. these trucks help to reduce congestion in traffic which leads to the efficient delivery of goods.
Semi-Autonomous & Autonomous Truck Market: Drivers & Restraints
- Rising Awareness Towards Safety & Security
Safety is a prime requirement in the automotive sector. Any safety or security failures may result in severe injury or loss of life. Rising vehicle accidents worldwide is driving the demand for automotive safety & security. As per the World Health Organization (WHO), around 1.35 million people annually die due to road accidents. To overcome this situation, International Standards, International Organization for Standardization (ISO 26262), and Society of Automotive Engineers (SAE J3061), have come up with strict vehicle safety and security standards.
Hence rising awareness towards safety & security is expected to drive the semi-autonomous & autonomous truck market during the forecast period.
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- Growing Adoption of Electric & Hybrid Trucks
The development of innovative technologies by manufacturers is an outcome of the growing demand for luxurious and smart vehicles that provides better connectivity solutions. The rise in demand for electric and hybrid trucks has boosted the demand for semi-autonomous & autonomous trucks, owing to clean energy and less fuel consumption. According to data shared by the International Energy Agency (IEA), in 2018, the total sales of medium electric truck sales ranged from 1000–2000 units.
Thus, the growing adoption of electric & hybrid trucks has expected to drive the semi-autonomous & autonomous truck market during the forecast period.
- Cyber Security Issue
Automated vehicles have full control over all the functions as the information is gathered completely from on-board sensors without any active communication with other vehicles or infrastructure. Owing to this, semi-autonomous and autonomous vehicles are susceptible to cyber-attacks. Lack of information security can lead to terrorist and criminal activities result in higher loss. Hence, due to ongoing cyber threats can hamper the market growth of the semi-autonomous & autonomous truck market.
Semi-Autonomous & Autonomous Truck Market: Key Segments
- Based on ADAS Technology: Automated Emergency Braking (AEB), Automated Highway Driving (AHD), Lane Detection (LD), Automated Parking (AP), Blind Spot Detection (BSD), Adaptive Cruise Control (ACC), and
- Based on Propulsion: Diesel, Electric and
- Based on Sensor Type: LiDAR Sensor, Ultrasonic Sensor, Radar, Cameras, and
- Based on Automation Level: Level 1 — Driver Assistance, Level 2 — Partial Automation, Level 3 — Conditional Automation, Level 4 — High Automation and Level 5 — Full Automation.
- Based on Truck Type: Light Duty Truck, Medium Duty Truck, and Heavy Duty Truck.
- Key Regions Covered: North America, South America, Europe, Asia-Pacific, Middle East & Africa, and South America with individual country-level analysis.
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Semi-Autonomous & Autonomous Truck Market: Report Scope
The report on the Semi-autonomous & Autonomous Truck Market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report FeaturesSpecificsHistorical/Estimated/Forecasted Market Size Years2018–2027Base Year for Market Calculation2019Forecasted Period2020–2027 (2020 estimated year, forecasted up to 2027)Measured UnitsVolume (Units)Segments IncludedADAS Technology, Propulsion, Sensor Type, Automation Level, Truck Type, and RegionRegional CoverageAsia-Pacific, North America, Europe, Middle East & Africa, and South America
Key Companies Covered
- Robert Bosch GmbH (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- Continental AG
- DENSO CORPORATION
- ZF Friedrichshafen AG
- Daimler AG
- AB Volvo
- NVIDIA Corporation
- NXP Semiconductors
- Qualcomm Technologies, Inc.
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Semi-autonomous & Autonomous Truck Market: Report Segmentation
For the scope of the report, In-depth segmentation is offered by Forencis Research
Semi-autonomous & Autonomous Truck Market, by ADAS Technology
- Automated Emergency Braking (AEB)
- Automated Highway Driving (AHD)
- Lane Detection (LD)
- Automated Parking (AP)
- Blind Spot Detection (BSD)
- Adaptive Cruise Control (ACC)
Semi-autonomous & Autonomous Truck Market, by Propulsion
Semi-autonomous & Autonomous Truck Market, by Sensor Type
- LiDAR Sensor
- Ultrasonic Sensor
Semi-autonomous & Autonomous Truck Market, by Automation Level
- Level 1 — Driver Assistance
- Level 2 — Partial Automation
- Level 3 — Conditional Automation
- Level 4 — High Automation
- Level 5 — Full Automation
Semi-autonomous & Autonomous Truck Market, by Truck Type
- Light Duty Truck
- Medium-Duty Truck
- Heavy Duty Truck
Semi-autonomous & Autonomous Truck Market, by Region
- South Korea
- Rest of Asia-Pacific
- North America
- Rest of Europe
- Middle East & Africa
- Saudi Arabia
- Rest of Middle East & Africa
- South America
- Rest of South America
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Table of Content
2 Research Design & Scope
3 Executive Summary
4 Market Dynamics
5 Industry Trends — Porters Five Forces Analysis
6 SEMI-AUTONOMOUS & AUTONOMOUS TRUCK MARKET BY ADAS TECHNOLOGY, Market Size in Units (2019–2027)
7 SEMI-AUTONOMOUS & AUTONOMOUS TRUCK MARKET BY PROPULSION, Market Size in Units (2019–2027)
8 SEMI-AUTONOMOUS & AUTONOMOUS TRUCK MARKET BY SENSOR TYPE, Market Size in Units (2019–2027)
9 SEMI-AUTONOMOUS & AUTONOMOUS TRUCK MARKET BY AUTOMATION LEVEL, Market Size in Units (2019–2027)
10 Competitive Landscape
11 Company Profiles
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