
Semi-Autonomous and Autonomous Truck Market Report and Forecast 2025-2034
Description
The global semi-autonomous and autonomous truck market is expected to grow in the forecast period of 2025-2034 at a CAGR of 27.50%.
The Asia Pacific to be one of the Leading Regions in the Semi-Autonomous and Autonomous Truck Industry
The Asia Pacific is expected to witness a robust growth in the forecast period. This can be associated with China and Japan's rapid progress toward vehicle automation, especially mining and delivery trucks, and increasing safety regulations by various countries. The Asia Pacific is expected to be one of the fastest-growing regions in both the semi-autonomous and autonomous truck industry during the forecast period.
South Korea's Transport Ministry has mandated autonomous emergency braking and lane departure warning systems in passenger cars beginning from January 2019 and in trucks and other vehicles starting from July 2021. Meanwhile, North America is a pioneer in autonomous technology, pickup trucks, which are equipped with innovative semi-autonomous features. The leading automotive manufacturing companies such as Ford and General Motors are increasingly providing pickup trucks services in the region. These factors are expected to aid the global semi-autonomous and autonomous truck industry in the forecast period.
Semi-Autonomous and Autonomous Truck: Market Segmentation
Automated trucks can do all the driving with minimal human interference in certain circumstances. The system controls the steering, acceleration, and braking, further monitoring the driving environment, along with dynamic driving tasks. On the other hand, in the case of semi-autonomous trucks, the driver is responsible for driving the vehicle while the technology is utilised to provide the driver with advanced safety features.
By sensor type, the market can be distributed into
Autonomous trucks provide improved safety, efficiency, and productivity and offer the potential to drastically reduce the frequency of road accidents. These vehicles observe the road safety rules and maintain a safe distance from other vehicles. These trucks, thus, assist in reducing the issues of traffic congestion while also increasing vehicle efficiency. Additionally, major corporations can reduce their total costs by utilising autonomous last-mile delivery trucks. Another major factor, which is expected to drive the demand for autonomous trucks for last-mile delivery applications is the reduced availability of delivery drivers and staff, as well as an increase in e-commerce activities. In addition, the increased logistic activities are also projected to lead to the growth of the semi-autonomous and autonomous truck industry in the forecast period.
Key Industry Players in the Global Semi-Autonomous and Autonomous Truck Market
The report presents a detailed analysis of the following key players in the global semi-autonomous and autonomous truck market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The Asia Pacific to be one of the Leading Regions in the Semi-Autonomous and Autonomous Truck Industry
The Asia Pacific is expected to witness a robust growth in the forecast period. This can be associated with China and Japan's rapid progress toward vehicle automation, especially mining and delivery trucks, and increasing safety regulations by various countries. The Asia Pacific is expected to be one of the fastest-growing regions in both the semi-autonomous and autonomous truck industry during the forecast period.
South Korea's Transport Ministry has mandated autonomous emergency braking and lane departure warning systems in passenger cars beginning from January 2019 and in trucks and other vehicles starting from July 2021. Meanwhile, North America is a pioneer in autonomous technology, pickup trucks, which are equipped with innovative semi-autonomous features. The leading automotive manufacturing companies such as Ford and General Motors are increasingly providing pickup trucks services in the region. These factors are expected to aid the global semi-autonomous and autonomous truck industry in the forecast period.
Semi-Autonomous and Autonomous Truck: Market Segmentation
Automated trucks can do all the driving with minimal human interference in certain circumstances. The system controls the steering, acceleration, and braking, further monitoring the driving environment, along with dynamic driving tasks. On the other hand, in the case of semi-autonomous trucks, the driver is responsible for driving the vehicle while the technology is utilised to provide the driver with advanced safety features.
By sensor type, the market can be distributed into
- LiDAR
- Radar
- Image
- Ultrasonic
- Others
- Last Mile Delivery Truck
- Mining Truck
- Adaptive Cruise Control (ACC)
- Automatic Emergency Braking (AEB)
- Blind Spot Detection (BSD)
- Intelligent Park Assist (IPA)
- Lane Keep Assist (LKA)
- Traffic Jam Assist (TJA)
- Highway Pilot (HP)
- Level 1
- Level 2 and 3
- Level 4
- Level 5
- Diesel
- Electric
- Hybrid
- Class 1- Class 3(Light Duty Truck)
- Class 4- Class 6 (Medium Duty Truck)
- Class 7 and Class 8
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Autonomous trucks provide improved safety, efficiency, and productivity and offer the potential to drastically reduce the frequency of road accidents. These vehicles observe the road safety rules and maintain a safe distance from other vehicles. These trucks, thus, assist in reducing the issues of traffic congestion while also increasing vehicle efficiency. Additionally, major corporations can reduce their total costs by utilising autonomous last-mile delivery trucks. Another major factor, which is expected to drive the demand for autonomous trucks for last-mile delivery applications is the reduced availability of delivery drivers and staff, as well as an increase in e-commerce activities. In addition, the increased logistic activities are also projected to lead to the growth of the semi-autonomous and autonomous truck industry in the forecast period.
Key Industry Players in the Global Semi-Autonomous and Autonomous Truck Market
The report presents a detailed analysis of the following key players in the global semi-autonomous and autonomous truck market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- AB Volvo
- Robert Bosch GmbH
- Continental AG
- NVIDIA Corporation
- Tesla, Inc.
- Embark Trucks, Inc.
- Others
Table of Contents
158 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Global Semi-Autonomous and Autonomous Truck Market Analysis
- 5.1 Key Industry Highlights
- 5.2 Global Semi-Autonomous and Autonomous Truck Historical Market (2018-2024)
- 5.3 Global Semi-Autonomous and Autonomous Truck Market Forecast (2025-2034)
- 5.4 Global Semi-Autonomous and Autonomous Truck Market by Sensor Type
- 5.4.1 LiDAR
- 5.4.1.1 Historical Trend (2018-2024)
- 5.4.1.2 Forecast Trend (2025-2034)
- 5.4.2 Radar
- 5.4.2.1 Historical Trend (2018-2024)
- 5.4.2.2 Forecast Trend (2025-2034)
- 5.4.3 Image
- 5.4.3.1 Historical Trend (2018-2024)
- 5.4.3.2 Forecast Trend (2025-2034)
- 5.4.4 Ultrasonic
- 5.4.4.1 Historical Trend (2018-2024)
- 5.4.4.2 Forecast Trend (2025-2034)
- 5.4.5 Others
- 5.5 Global Semi-Autonomous and Autonomous Truck Market by Application
- 5.5.1 Last Mile Delivery Truck
- 5.5.1.1 Historical Trend (2018-2024)
- 5.5.1.2 Forecast Trend (2025-2034)
- 5.5.2 Mining Truck
- 5.5.2.1 Historical Trend (2018-2024)
- 5.5.2.2 Forecast Trend (2025-2034)
- 5.6 Global Semi-Autonomous and Autonomous Truck Market by ADAS Feature
- 5.6.1 Adaptive Cruise Control (ACC)
- 5.6.1.1 Historical Trend (2018-2024)
- 5.6.1.2 Forecast Trend (2025-2034)
- 5.6.2 Automatic Emergency Braking (AEB)
- 5.6.2.1 Historical Trend (2018-2024)
- 5.6.2.2 Forecast Trend (2025-2034)
- 5.6.3 Blind Spot Detection (BSD)
- 5.6.3.1 Historical Trend (2018-2024)
- 5.6.3.2 Forecast Trend (2025-2034)
- 5.6.4 Intelligent Park Assist (IPA)
- 5.6.4.1 Historical Trend (2018-2024)
- 5.6.4.2 Forecast Trend (2025-2034)
- 5.6.5 Lane Keep Assist (LKA)
- 5.6.5.1 Historical Trend (2018-2024)
- 5.6.5.2 Forecast Trend (2025-2034)
- 5.6.6 Traffic Jam Assist (TJA)
- 5.6.6.1 Historical Trend (2018-2024)
- 5.6.6.2 Forecast Trend (2025-2034)
- 5.6.7 Highway Pilot (HP)
- 5.6.7.1 Historical Trend (2018-2024)
- 5.6.7.2 Forecast Trend (2025-2034)
- 5.7 Global Semi-Autonomous and Autonomous Truck Market by Level of Automation
- 5.7.1 Level 1
- 5.7.1.1 Historical Trend (2018-2024)
- 5.7.1.2 Forecast Trend (2025-2034)
- 5.7.2 Level 2 and 3
- 5.7.2.1 Historical Trend (2018-2024)
- 5.7.2.2 Forecast Trend (2025-2034)
- 5.7.3 Level 4
- 5.7.3.1 Historical Trend (2018-2024)
- 5.7.3.2 Forecast Trend (2025-2034)
- 5.7.4 Level 5
- 5.7.4.1 Historical Trend (2018-2024)
- 5.7.4.2 Forecast Trend (2025-2034)
- 5.8 Global Semi-Autonomous and Autonomous Truck Market by Propulsion Type
- 5.8.1 Diesel
- 5.8.1.1 Historical Trend (2018-2024)
- 5.8.1.2 Forecast Trend (2025-2034)
- 5.8.2 Electric
- 5.8.2.1 Historical Trend (2018-2024)
- 5.8.2.2 Forecast Trend (2025-2034)
- 5.8.3 Hybrid
- 5.8.3.1 Historical Trend (2018-2024)
- 5.8.3.2 Forecast Trend (2025-2034)
- 5.9 Global Semi-Autonomous and Autonomous Truck Market by Truck Class
- 5.9.1 Class 1- Class 3 (Light Duty Truck)
- 5.9.1.1 Historical Trend (2018-2024)
- 5.9.1.2 Forecast Trend (2025-2034)
- 5.9.2 Class 4- Class 6 (Medium Duty Truck)
- 5.9.2.1 Historical Trend (2018-2024)
- 5.9.2.2 Forecast Trend (2025-2034)
- 5.9.3 Class 7 and Class 8
- 5.9.3.1 Historical Trend (2018-2024)
- 5.9.3.2 Forecast Trend (2025-2034)
- 5.10 Global Semi-Autonomous and Autonomous Truck Market by Region
- 5.10.1 North America
- 5.10.1.1 Historical Trend (2018-2024)
- 5.10.1.2 Forecast Trend (2025-2034)
- 5.10.2 Europe
- 5.10.2.1 Historical Trend (2018-2024)
- 5.10.2.2 Forecast Trend (2025-2034)
- 5.10.3 Asia Pacific
- 5.10.3.1 Historical Trend (2018-2024)
- 5.10.3.2 Forecast Trend (2025-2034)
- 5.10.4 Latin America
- 5.10.4.1 Historical Trend (2018-2024)
- 5.10.4.2 Forecast Trend (2025-2034)
- 5.10.5 Middle East and Africa
- 5.10.5.1 Historical Trend (2018-2024)
- 5.10.5.2 Forecast Trend (2025-2034)
- 6 North America Semi-Autonomous and Autonomous Truck Market Analysis
- 6.1 United States of America
- 6.1.1 Historical Trend (2018-2024)
- 6.1.2 Forecast Trend (2025-2034)
- 6.2 Canada
- 6.2.1 Historical Trend (2018-2024)
- 6.2.2 Forecast Trend (2025-2034)
- 7 Europe Semi-Autonomous and Autonomous Truck Market Analysis
- 7.1 United Kingdom
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Germany
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 France
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 7.4 Italy
- 7.4.1 Historical Trend (2018-2024)
- 7.4.2 Forecast Trend (2025-2034)
- 7.5 Others
- 8 Asia Pacific Semi-Autonomous and Autonomous Truck Market Analysis
- 8.1 China
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Japan
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 India
- 8.3.1 Historical Trend (2018-2024)
- 8.3.2 Forecast Trend (2025-2034)
- 8.4 ASEAN
- 8.4.1 Historical Trend (2018-2024)
- 8.4.2 Forecast Trend (2025-2034)
- 8.5 Australia
- 8.5.1 Historical Trend (2018-2024)
- 8.5.2 Forecast Trend (2025-2034)
- 8.6 Others
- 9 Latin America Semi-Autonomous and Autonomous Truck Market Analysis
- 9.1 Brazil
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Argentina
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 9.3 Mexico
- 9.3.1 Historical Trend (2018-2024)
- 9.3.2 Forecast Trend (2025-2034)
- 9.4 Others
- 10 Middle East and Africa Semi-Autonomous and Autonomous Truck Market Analysis
- 10.1 Saudi Arabia
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 United Arab Emirates
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 10.3 Nigeria
- 10.3.1 Historical Trend (2018-2024)
- 10.3.2 Forecast Trend (2025-2034)
- 10.4 South Africa
- 10.4.1 Historical Trend (2018-2024)
- 10.4.2 Forecast Trend (2025-2034)
- 10.5 Others
- 11 Market Dynamics
- 11.1 SWOT Analysis
- 11.1.1 Strengths
- 11.1.2 Weaknesses
- 11.1.3 Opportunities
- 11.1.4 Threats
- 11.2 Porter’s Five Forces Analysis
- 11.2.1 Supplier’s Power
- 11.2.2 Buyer’s Power
- 11.2.3 Threat of New Entrants
- 11.2.4 Degree of Rivalry
- 11.2.5 Threat of Substitutes
- 11.3 Key Indicators for Demand
- 11.4 Key Indicators for Price
- 12 Value Chain Analysis
- 13 Competitive Landscape
- 13.1 Supplier Selection
- 13.2 Key Global Players
- 13.3 Key Regional Players
- 13.4 Key Player Strategies
- 13.5 Company Profiles
- 13.5.1 AB Volvo
- 13.5.1.1 Company Overview
- 13.5.1.2 Product Portfolio
- 13.5.1.3 Demographic Reach and Achievements
- 13.5.1.4 Certifications
- 13.5.2 Robert Bosch GmbH
- 13.5.2.1 Company Overview
- 13.5.2.2 Product Portfolio
- 13.5.2.3 Demographic Reach and Achievements
- 13.5.2.4 Certifications
- 13.5.3 Continental AG
- 13.5.3.1 Company Overview
- 13.5.3.2 Product Portfolio
- 13.5.3.3 Demographic Reach and Achievements
- 13.5.3.4 Certifications
- 13.5.4 NVIDIA Corporation
- 13.5.4.1 Company Overview
- 13.5.4.2 Product Portfolio
- 13.5.4.3 Demographic Reach and Achievements
- 13.5.4.4 Certifications
- 13.5.5 Tesla, Inc.
- 13.5.5.1 Company Overview
- 13.5.5.2 Product Portfolio
- 13.5.5.3 Demographic Reach and Achievements
- 13.5.5.4 Certifications
- 13.5.6 Embark Trucks, Inc.
- 13.5.6.1 Company Overview
- 13.5.6.2 Product Portfolio
- 13.5.6.3 Demographic Reach and Achievements
- 13.5.6.4 Certifications
- 13.5.7 Others
Pricing
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