The global Automated Truck Market is projected to grow from USD 150.88 million in 2021 to USD 1550 million by 2030 at a CAGR of 22.4% during the forecast period.
The automated truck is also known as a self-driving truck. All of the primary capabilities of regular trucks are included in these trucks. The truck can drive itself due to infrared radars, LIDAR (laser radar), advanced motion sensors, cameras, very accurate sensors, and complex algorithms, among other things. Furthermore, the self-driving truck market is expected to rise at a rapid pace over the forecast period. Furthermore, traffic congestion reduction is a significant business opportunity for self-driving trucks. The expansion of industrial sectors in emerging markets, rising demand from the logistics industry, and rising demand from the construction sector are some of the primary factors driving market growth (owing to growing construction activities). Due to growing economies in both developing and developed countries, the market is expected to grow during the forecast period.
The most recent research report on the Global Automated Truck Market Research 2022-2028 discusses upcoming trends as well as an in-depth analysis of the Automated Truck market's global regional landscape. Furthermore, the global Automated Truck market report assesses comprehensive details such as demand and supply rate, significant contribution by leading industry manufacturers, Automated Truck market share, and Automated Truck industry growth rate.
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Extensive secondary research was conducted in this study to gather information about the Global Automated Truck market. Furthermore, primary research on individual businesses has been conducted to support the stated assumptions and findings. The Automated Truck market research report is said to be a basic insightful data about the topological landscape of the companies and respective businesses that have accumulated a highly regarded position in the global Automated Truck market.
We've also included a summary of its major manufacturers' revenue share, production, consumption volume, sales price, import & export, and gross margin. In addition, the Automated Truck market has been divided into segments based on upstream raw materials, definitions, downstream consumers, and equipment analysis. The global Automated Truck market report also includes information on upcoming trends, the competitive landscape, Automated Truck market influencing factors, and key statistics for each industry.
In order to optimize various industrial strategies, advertising methods, and global and regional sales impacts on the Automated Truck market, the global Automated Truck market report has been segmented by application, major manufacturers, product types, and topological zones. The Automated Truck market report thoroughly investigates several significant parameters such as Automated Truck market share, investments, revenue growth, globalization demand and supply factors. The research paper also compares the production value and growth rate of the Automated Truck market across different geographies. It also focuses on top consumers, consumption, product capacity, market share, and expected growth opportunities.
COVID-19 ANALYSIS
The coronavirus pandemic-induced halt is likely to slow the adoption of significant trends like self-driving vehicles and electric vehicles. For various OEMs, declining daily cash flow is expected to cause financial concerns. As a result, investors and OEMs may be forced to reduce investment in novel solutions. For example, testing of highly automated trucks (level 3 and level 4) may be halted in the short to medium term. Due to the pandemic's impact, Ford has postponed its goal to deploy an autonomous vehicle service until 2022, after reporting a revenue reduction of USD 2 billion in the first quarter of 2020, compared to a profit of USD 1.1 billion in the same quarter of 2019.
Top Players involved in this report are:
TuSimple, Inc.
Waymo LLC
Embark Trucks, Inc.
Tesla
Caterpillar
AB Volvo
Daimler Truck AG.
Continental AG
Robert Bosch GmbH
NVIDIA Corporation
Aptiv
Global Automated Truck Market segmentation by Types:
Light Duty Trucks
Medium Duty Trucks
Heavy Duty Trucks
The Application of the Automated Truck market can be divided as:
Adaptive Cruise Control (ACC)
Lane Departure Warning
Intelligent Park Assist
Highway Pilot
Automatic Emergency Braking (AEB)
Blind Spot Detection (BSD)
Traffic Jam Assist
Lane Keeping Assist System
Geographical outlook of this report:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa
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The competitive assessment of the prominent industry players is also encompassed in the global Automated Truck market which is responsible to recognize direct or indirect competitors present in the industry. It offers company profiles of the Automated Truck industry players in accordance with product picture and its portfolios, Automated Truck market plans, and technology. We have also mentioned strength and weaknesses of the Automated Truck market alongside the competitive benefits which improves productivity and efficiency of the companies.
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