Autonomous Truck Market worth $1,550 million by 2030
                     MarketsandMarkets 
Presents
Autonomous Truck Market worth 
$1,550 million by 2030
https://www.marketsandmarkets.com/Market-Reports/semi-autonom
ous-truck-market-224614273.html
 
The report "Semi-Autonomous & Autonomous Truck Market By Level 
of Automation (Level 1, Level 2 & 3, Level 4, and Level 5), Propulsion 
(Diesel, Electric, and Hybrid), Application, Truck Class, ADAS 
Features, Sensor, and Region - Global Forecast to 2030" The global 
semi-autonomous truck market size is projected to grow from 948 thousand 
units in 2020 to reach 3,254 thousand units by 2025, at a CAGR of 28.0%The 
global autonomous truck market size is projected to grow from USD 460 
million in 2024 to reach USD 1,550 million by 2030, at a CAGR of 22.4%.
Browse 124 market data tables and 75 figures spread through 225 
pages and in-depth TOC on "Semi-Autonomous & Autonomous Truck 
Market”
The growth of the semi-autonomous truck market can be attributed to the 
increasing road accidents, the need for efficient truck operations and 
demand for ADAS features in the trucks. Government bodies across the world 
have started regulating the safety standards in trucks to reduce fatalities in 
road crashes.
Factors such as shortage of drivers, companies eyeing a reduction in delivery 
& transportation cost, and increasing research and development in 
technologies such as V2X, 5G, connected trucks, ADAS, and platooning will 
drive the market for autonomous trucks in the forecast. The pandemic 
COVID-19 might benefit the autonomous truck market, as companies will be 
looking for autonomous options for delivering and shipping to the customers.
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73
 
North America is expected to lead the global market during the 
forecast period
North America is the technology leader in autonomous technology. The 
region is home to some of the leading technology developers, such as 
Waymo, Uber, Intel, and Embark. These companies are focusing on the 
development of autonomous technology. Also, in the US, the testing of 
autonomous vehicles has started in some states. This will create an 
opportunity for further development of autonomous trucks. For instance, 
Daimler tested its level 4 autonomous truck on the streets of Virginia, 
US. Also, the region is dominated by pickup trucks having advanced 
semi-autonomous driving features. Ford and GMC are some of the 
leading players offering pickup trucks in the country. Tesla will enter the 
market soon with its ‘Cybertruck’ having all the semi-autonomous 
features and an optional autonomous driving feature as well.
The last-mile delivery truck segment is expected to be the 
largest market during the forecast
Using autonomous last-mile delivery trucks can help companies save 
40% of the total cost. Also, the shortage of human delivery 
driver/personnel and increasing e-commerce will be driving the 
autonomous truck market for last-mile delivery applications. 
For instance, the E-commerce giant, Amazon, has been eyeing the usage of 
autonomous last-mile delivery technology to cut the delivery cost and has 
invested in many tech companies related to it as well. Waymo and Embark 
are some of the companies that have involved in the development of such 
delivery truck technologies. Apart from this, the COVID-19 pandemic will 
drive the human contactless delivery of goods.
Asia Pacific is expected to be the fastest-growing market during the 
forecast period
Asia Pacific is expected to be the fastest-growing semi-autonomous as well as 
in the autonomous truck market during the forecast period, owing to China 
and Japan’s rapid progress toward vehicle automation, especially mining and 
delivery trucks; and increasing safety regulations by various countries. For 
instance, South Korea’s Transport Ministry has made Autonomous Emergency 
Braking and Lane Departure Warning systems mandatory in passenger cars 
from January 2019 and in trucks and other vehicles from July 2021. Currently, 
both these systems are mandatory in more than 11-meter commercial 
vehicles and trucks and special vehicles weighing more than 20 tons.
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Asia Pacific is expected to be a technology follower. Once a robust technology 
is created, the region will speedily adopt the technology. Also, Asia is the 
largest manufacturer of trucks and contributes more than 65% of the total 
number of trucks manufactured globally.
Road safety concerns will further propel the growth of the autonomous 
truck market in the region. Also, the introduction of autonomous 
technologies in mining trucks would drive the Asia Pacific autonomous 
truck market, as China is the biggest mining country in the world.
Key Market Players:
The global semi-autonomous truck market is dominated by major players 
such as Continental (Germany) Bosch (Germany), Aptiv (UK), AB Volvo 
(Sweden), and Denso (Japan). All the companies have strong distribution 
networks at a global level. In addition, these companies offer an 
extensive product range in this market. These companies have adopted 
strategies such as new product developments, collaborations, and 
contracts & agreements to sustain their market position. On the other 
hand, Embark (US), Tesla (US), TuSimple (US), Caterpillar (US), and 
Waymo (US) are some of the companies that are focusing on developing 
autonomous trucks.
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