Market Overview:
The global semi-autonomous and autonomous trucks market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for fuel-efficient and low-emission vehicles, rising concerns over safety, and growing adoption of advanced technologies in commercial vehicles. Based on type, the semi-autonomous and autonomous trucks market can be segmented into adaptive cruise control (ACC), automatic emergency braking (AEB), blind spot detection (BSD), intelligent park assist (IPA), lane assist (LA), traffic jam assist (TJA), and highway pilot (HP). ACC is expected to hold the largest share of the market in 2018 owing to its ability to maintain a safe distance between two or more vehicles travelling on a highway. AEB is also anticipated to witness high growth during the forecast period due to its ability prevent collisions by automatically braking a vehicle when it detects an impending collision. Based on application, small and medium truck accounted for majority of sales in 2017. However, large truck is projected register highest CAGR during 2018–2030 owing higher penetration rate in developed countries such as U.S.
Product Definition:
Semi-autonomous trucks are those that still require some level of human interaction, while autonomous trucks can operate without any input from a human driver. The importance of semi-autonomous and autonomous trucks lies in the potential for increased efficiency and safety on the road. With self-driving vehicles, there is less risk of accidents due to human error, and goods can be transported more quickly and securely than ever before.
Adaptive Cruise Control (ACC):
ACC is a system that automatically maintains the set speed of the vehicle. It uses various sensors to measure wheel speed, road signs, and temperature to make decisions about when to apply brakes and when to raise the throttle. ACC can be turned on or off in semi-autonomous & autonomous trucks depending upon driving conditions. When it is enabled in semi-autonomous trucks it provides better fuel efficiency as well as reduces carbon emissions by approximately 10%.
Automatic Emergency Braking (AEB):
Automatic emergency braking is a safety feature that can automatically apply the brakes in response to an impending collision or avoid a collision if the driver fails to do so. The system works by identifying the distance and speed of other vehicles using various sensors, including radar and camera.
The adoption of automatic emergency braking technology has been slow due to high costs associated with it, which have restricted its usage in low-end vehicles.
Application Insights:
The large truck segment accounted for the largest revenue share of over 60.0% in 2017 and is expected to witness significant growth over the forecast period. The increasing need for logistics and transportation services across various industries, including mining, agriculture, automotive and others has resulted in an increased demand for large trucks with semi-autonomous features such as adaptive cruise control (ACC), lane departure warning system (LDWS), traffic sign recognition system, automatic emergency braking (AEB) systems among others. Such features help improve driver safety by reducing the chances of collision or accidents while driving along highways or on city roads under conditions where human error may lead to a hazardous situation for other road users.
Regional Analysis:
The Asia Pacific region is anticipated to witness the highest CAGR of XX% over the forecast period, owing to increasing demand for semi- and autonomous trucks in countries such as China and India. The growing number of manufacturers in these economies coupled with technological advancements are expected to drive the market growth over the next eight years. For instance, in November 2017, NUTCH Group invested USD X million for strengthening its position as a supplier of agricultural equipment by acquiring Robomart LLC from U.S.
North America accounted for more than 25% share of global revenue in 2017 due to high demand from industries such as logistics.
Growth Factors:
- Increasing demand for goods and services: The growth in the semi-autonomous and autonomous trucks market is mainly attributed to the increasing demand for goods and services across the globe. With technological advancements, these trucks can help reduce traffic congestion and improve transportation efficiency.
- Government initiatives: Governments of various countries are taking initiatives to promote the use of semi-autonomous and autonomous trucks in order to reduce pollution levels and traffic congestion. For instance, in 2015, the US government announced a plan that would invest billion over 10 years towards developing self-driving cars. This is expected to create opportunities for players operating in this market during the forecast period.
- Rising labor costs: The rising labor costs are encouraging companies to adopt semi-autonomous or autonomous trucks as they can operate without any human intervention thus reducing labor costs significantly. For instance, according to a study by Boston Consulting Group (BCG), deployment of driverless vehicles could result in cost savings of up to 8 billion per year globally by 2030 due to reduced fuel consumption, lower insurance premiums, and increased productivity from freight transport operations..
Scope Of The Report
Report Attributes
Report Details
Report Title
Semi-autonomous & Autonomous Trucks Market Research Report
By Type
Adaptive Cruise Control (ACC), Automatic Emergency Braking (AEB), Blind Spot Detection (BSD), Intelligent Park Assist (IPA), Lane Assist (LA), Traffic Jam Assist (TJA), Highway Pilot (HP)
By Application
Small And Medium Truck, Large Truck
By Companies
Bosch, Continental, Denso, Aptiv, ZF, Nvidia, Daimler, Volvo, Paccar, Waymo, Bosch, Tomtom
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
218
Number of Tables & Figures
153
Customization Available
Yes, the report can be customized as per your need.
Global Semi-autonomous & Autonomous Trucks Market Report Segments:
The global Semi-autonomous & Autonomous Trucks market is segmented on the basis of:
Types
Adaptive Cruise Control (ACC), Automatic Emergency Braking (AEB), Blind Spot Detection (BSD), Intelligent Park Assist (IPA), Lane Assist (LA), Traffic Jam Assist (TJA), Highway Pilot (HP)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Small And Medium Truck, Large Truck
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bosch
- Continental
- Denso
- Aptiv
- ZF
- Nvidia
- Daimler
- Volvo
- Paccar
- Waymo
- Bosch
- Tomtom
Highlights of The Semi-autonomous & Autonomous Trucks Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Adaptive Cruise Control (ACC)
- Automatic Emergency Braking (AEB)
- Blind Spot Detection (BSD)
- Intelligent Park Assist (IPA)
- Lane Assist (LA)
- Traffic Jam Assist (TJA)
- Highway Pilot (HP)
- By Application:
- Small And Medium Truck
- Large Truck
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Semi-autonomous & Autonomous Trucks Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Semi-autonomous trucks are those that have some level of autonomy, but are not fully autonomous. Autonomous trucks are those that have full autonomy and can drive without any input from a human.
Some of the major companies in the semi-autonomous & autonomous trucks market are Bosch, Continental, Denso, Aptiv, ZF, Nvidia, Daimler, Volvo, Paccar, Waymo, Bosch, Tomtom.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Semi-autonomous & Autonomous Trucks Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Semi-autonomous & Autonomous Trucks Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Semi-autonomous & Autonomous Trucks Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Semi-autonomous & Autonomous Trucks Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Semi-autonomous & Autonomous Trucks Market Size & Forecast, 2020-2028
4.5.1 Semi-autonomous & Autonomous Trucks Market Size and Y-o-Y Growth
4.5.2 Semi-autonomous & Autonomous Trucks Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Adaptive Cruise Control (ACC)
5.2.2 Automatic Emergency Braking (AEB)
5.2.3 Blind Spot Detection (BSD)
5.2.4 Intelligent Park Assist (IPA)
5.2.5 Lane Assist (LA)
5.2.6 Traffic Jam Assist (TJA)
5.2.7 Highway Pilot (HP)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Small And Medium Truck
6.2.2 Large Truck
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Semi-autonomous & Autonomous Trucks Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Semi-autonomous & Autonomous Trucks Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Adaptive Cruise Control (ACC)
9.6.2 Automatic Emergency Braking (AEB)
9.6.3 Blind Spot Detection (BSD)
9.6.4 Intelligent Park Assist (IPA)
9.6.5 Lane Assist (LA)
9.6.6 Traffic Jam Assist (TJA)
9.6.7 Highway Pilot (HP)
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Small And Medium Truck
9.10.2 Large Truck
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Adaptive Cruise Control (ACC)
10.6.2 Automatic Emergency Braking (AEB)
10.6.3 Blind Spot Detection (BSD)
10.6.4 Intelligent Park Assist (IPA)
10.6.5 Lane Assist (LA)
10.6.6 Traffic Jam Assist (TJA)
10.6.7 Highway Pilot (HP)
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Small And Medium Truck
10.10.2 Large Truck
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Adaptive Cruise Control (ACC)
11.6.2 Automatic Emergency Braking (AEB)
11.6.3 Blind Spot Detection (BSD)
11.6.4 Intelligent Park Assist (IPA)
11.6.5 Lane Assist (LA)
11.6.6 Traffic Jam Assist (TJA)
11.6.7 Highway Pilot (HP)
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Small And Medium Truck
11.10.2 Large Truck
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Adaptive Cruise Control (ACC)
12.6.2 Automatic Emergency Braking (AEB)
12.6.3 Blind Spot Detection (BSD)
12.6.4 Intelligent Park Assist (IPA)
12.6.5 Lane Assist (LA)
12.6.6 Traffic Jam Assist (TJA)
12.6.7 Highway Pilot (HP)
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Small And Medium Truck
12.10.2 Large Truck
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Adaptive Cruise Control (ACC)
13.6.2 Automatic Emergency Braking (AEB)
13.6.3 Blind Spot Detection (BSD)
13.6.4 Intelligent Park Assist (IPA)
13.6.5 Lane Assist (LA)
13.6.6 Traffic Jam Assist (TJA)
13.6.7 Highway Pilot (HP)
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Small And Medium Truck
13.10.2 Large Truck
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Semi-autonomous & Autonomous Trucks Market: Competitive Dashboard
14.2 Global Semi-autonomous & Autonomous Trucks Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bosch
14.3.2 Continental
14.3.3 Denso
14.3.4 Aptiv
14.3.5 ZF
14.3.6 Nvidia
14.3.7 Daimler
14.3.8 Volvo
14.3.9 Paccar
14.3.10 Waymo
14.3.11 Bosch
14.3.12 Tomtom
