Semi-autonomous and Autonomous Truck Market Overview, Growth, and Oppotunities by 2031

MARKET OVERVIEW

The semi-autonomous and autonomous truck are increasingly gaining momentum among the trucking and freight transport vertical. These trucks are equipped with various ADAS features and sensors that help in improving road safety while also meeting the need of driver shortage. The market is currently in the budding stage and thus has huge potential in the developed regions. Presence of major manufacturers in Europe is expected to positively influence the growth in the region during the forecast period.

MARKET SCOPE

The "Global Semi-autonomous and Autonomous Truck Market Analysis to 2031" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of semi-autonomous and autonomous truck market with detailed market segmentation by ADAS feature, propulsion type, sensor type, and geography. The report provides key statistics on the market status of the leading semi-autonomous and autonomous truck market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   The global semi-autonomous and autonomous truck market is segmented on the basis of ADAS feature, propulsion type, and sensor type. Based on ADAS feature, the market is segmented as autonomous emergency braking, adaptive cruise control, traffic jam assist, highway pilot, and others.
  
•   On the basis of the propulsion type, the market is segmented as electric, hybrid, and diesel.
  
•   The market on the basis of the sensor type is classified as camera, Li-DAR, radar, and ultrasonic.
  

MARKET DYNAMICS

Drivers:

•   Developments in the field of autonomous navigation coupled with the increasing polarity of such solutions.
  
•   Increase in road safety is yet another factor fuelling market growth
  

Restraints:

•   Data security and cyber-attacks may hamper the growth of the semi-autonomous and autonomous truck market during the forecast period.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Semi-Autonomous and Autonomous truck market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Semi-Autonomous and Autonomous truck market in these regions.

IMPACT OF COVID-19 ON SEMI-AUTONOMOUS AND AUTONOMOUS TRUCK MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the Semi-Autonomous and Autonomous truck market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Semi-Autonomous and Autonomous truck market market are anticipated to lucrative growth opportunities in the future with the rising demand for Semi-Autonomous and Autonomous truck market in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Semi-Autonomous and Autonomous truck market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   AB Volvo
  
•   Aptiv
  
•   Continental AG
  
•   Daimler AG
  
•   Denso Corporation
  
•   NVIDIA Corporation
  
•   PACCAR Inc
  
•   TomTom International BV
  
•   Waymo LLC
  
•   ZF Friedrichshafen AG.
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Semi-autonomous and Autonomous Truck Report Scope