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.
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The “Global Automated Truck Market” classifies the industry by regions, growth, product categories, and applications over the forecast period of the Automated Truck market (2022-2028). It analyzes every significant aspect of the global Automated Truck market, including product specifications, restraints, issues, and growth prospects. Important market leaders' company profiles, including Automated Truck investment predictions, current technology trends, and future projections. The full understanding of the Automated Truck market on a global scale, based on current and future size (revenue), and Automated Truck market prediction displayed in the form of graphs and tables, pie-charts to enable aspirants and leading Automated Truck market participants in making necessary and progressive decisions.
LATEST TREND
Rising Awareness of ADAS System Is Propel Market Growth
Raising awareness among end uses is driving up demand for vehicles with self-driving and sophisticated safety systems. Customers who choose any ADAS technology in their vehicle are 90 percent likely to buy it again. Government regulations and policies are also supporting ADAS market sales. Automotive Emergency Braking (AEB) is required in the United States and Europe by 2022, and Forward Collision Avoidance/Warning Systems are required by 2020. Moreover, ADAS systems in their entirety are now only available in high-end luxury vehicles. Many truck manufacturers are currently working with ADAS manufacturers to develop low-cost ADAS systems. This factor projected to propel ADAS as well as Automated Truck market during the forecast period.
Crucial Industry Players included 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
Product Types can be classified into:
Light Duty Trucks
Medium Duty Trucks
Heavy Duty Trucks
The research is focused on the Automated Truck market in North America (the United States, Canada, and Mexico), the Automated Truck industry in Europe (Germany, France, the United Kingdom, Russia, and Italy), Southeast Asia (China, Korea, India, and Japan), the Automated Truck market in South America (Brazil, Argentina, and Colombia), and the Middle East and Africa (the Middle East and Africa) (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). The Automated Truck research report also conducts a SWOT analysis with XX CAGR values and XX USD in the past(2014-2018) and Automated Truck forecast(2022-2028) on the basis of growth and market conditions based on the size of the Automated Truck market.
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Several categories based on the Automated Truck product category, distinct uses of the product, and important revenue areas that contribute considerably to the Automated Truck market share are presented further in the research. Through an in-depth investigation of the Automated Truck market's evolution and data analysis that considers every aspect of the Automated Truck market, the research reveals unexpected growth potential. The fundamental components of the biggest market players' business profiles, Automated Truck market sales, press releases, and market expansion are interpreted into the global Automated Truck industry.
