Semiautonomous & Autonomous Truck Market by ADAS Feature (ACC, AEB, BSD, HP, IPA, LKA & TJA), Sensor (Camera, LiDAR, Radar, & Ultrasonic), Level of Automation (L1 to L5), Truck Class (Class 1 to Class 8), Propulsion, and Region Global Forecast to 2030
“Increasing demand for a safe & efficient mode of transportation is expected to drive the growth of semiautonomous and autonomous truck market”
The semiautonomous truck market is estimated to be 260.1 thousand units in 2018 and is projected to reach 1,132.3 thousand units by 2025, at a CAGR of 23.38%. The autonomous truck market is estimated to be 15.2 thousand units in 2025 and is projected to reach 81.8 thousand units by 2030, at a CAGR of 39.96%. Increase in demand for an efficient, reliable, and safe mode of transportation would propel the growth of semiautonomous and autonomous truck market. However, cybersecurity and data privacy concerns and the lack of information technology and communication infrastructure in developing nations can restrain the growth of the market.
“Automatic Emergency Braking and Adaptive Cruise Control: Key technologies likely to drive the global semiautonomous truck market”
Automatic Emergency Braking (AEB) and Adaptive Cruise Control (ACC) are estimated to be the largest markets in the semiautonomous truck market. These are followed by Lane Assist and Blind Spot Detection. Government mandates regarding the compulsory use of AEB system and Lane Departure Warning in commercial vehicles in Europe, South Korea, and the US are expected to drive the market. Also, increasing demand for safe driving and autonomy in trucks has led to the growth of the ADAS features mentioned above along with others.
“Asia Pacific plays a crucial role in semiautonomous and autonomous truck market growth”
The Asia Pacific region consists of homegrown, innovative automotive truck manufacturing companies as well as foreign players in countries such as China, Japan, and South Korea, which supports the growth of semiautonomous and autonomous truck market. The Asia Pacific region is projected to be the second largest market for semiautonomous truck and the third largest market for autonomous truck in 2025 and 2030, respectively. The key manufacturers in the region are Mitsubishi Fuso (Japan), Isuzu (Japan), and others.
The study contains insights of various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The breakup of the primaries is as follows:
By Company Type OEM 52%, Tier 1 35%, Tier 2 13%
By Designation C Level Executives 40%, Directors 35%, Others 25%
By Region North America 40%, Europe 35%, Asia Pacific 20%, RoW 5%
Major players profiled in the report are:
The report segments the semiautonomous and autonomous truck market and forecasts its size, by volume, on the basis of the level of automation (level 1 to level 5), ADAS features (lane assist, blind spot detection, adaptive cruise control, automatic emergency braking, intelligent park assist, highway pilot, and traffic jam assist), sensor type (Radar, Camera, Lidar, and Ultrasonic), propulsion type (diesel, hybrid, electric), Truck class (Class 1 – Class 8), and region (Asia Pacific, Europe, North America, and Rest of the World).
Reasons to Buy the Report:
The report provides insights into the following points:
Market Penetration: The report provides comprehensive information about semiautonomous and autonomous trucks offered by the top players in the market.
Product Development/Innovation: The report offers detailed insights into upcoming technologies, R&D activities, and new system launches in the semiautonomous and autonomous truck market.
Market Development: The report provides comprehensive information about types of semiautonomous and autonomous truck technology. The report analyzes the market for semiautonomous and autonomous truck technology in multiple regions.
Market Diversification: The report provides exhaustive information about new products, untapped regional markets, recent developments, and investments in the semiautonomous and autonomous truck market.
Competitive Assessment: The report provides an indepth assessment of the market shares, strategies, products, and manufacturing capabilities of leading players in the semiautonomous and autonomous truck market.
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