According to a new market report published by Lucintel, the future of the global autonomous truck market looks promising with opportunities in logistics, construction & manufacturing, mining and port segments. The global autonomous truck market is expected to grow with a CAGR of 13% from 2021 to 2026. The major drivers for this market are increase in supply of goods and materials, improved safety on highways, and rising demand from construction sector.
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In this market, ultrasonic, camera, radar and lidar are the major sensor types for manufacturing automotive software. On the basis of comprehensive research, Lucintel forecasts that radar will remain the largest segment and it is also expected to witness the highest growth over the forecast period due to its countless benefits such as being lightweight with an ability to function even under negative environmental circumstances such as rain, fog and snow, long-range detection, and flexible mounting.
Within the global autonomous truck market, the logistics segment is expected to witness the highest growth over the forecast period due to the effect of e-commerce and assistance of technology to prevent potential hazards.
North America is expected to remain the largest market and witness the highest growth rate over the forecast period due to the availability of infrastructure and major technology companies that are entering autonomous driving segment.
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing adoption of autonomous trucks in mining operations, greater fuel efficiency of automated trucks and high adoption of advanced technology. BMW AG, AB Volvo, Ford Motor Co., General Motor Company, Robert Bosch GmbH, Delphi Automotive PLC, Uber Technologies Inc., Tesla Inc., Volkswagen AG, and Embark Trucks are among the major suppliers of the autonomous truck market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global autonomous truck market by level of autonomy, sensor type, end use and region, and has compiled a comprehensive research report titled “Growth Opportunities in the Global Autonomous truck market 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global autonomous truck market by level of autonomy, sensor type, end use and region, and region, as follows:
By Level of Autonomy [Value ($ Million) from 2015 to 2026]:
Level 1
Level 2
Level 3
Level 4
Level 5
By Sensor Type [Value ($ Million) from 2015 to 2026]:
Radar
LiDAR
Camera
Ultrasonic
By End Use [Value ($ Million) from 2015 to 2026]:
Logistics
Construction & Manufacturing
Mining
Port
By Region [Value ($ Million) from 2015 to 2026]:
North America
United States
Canada
Mexico
Europe
APAC
ROW
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.