Automated Truck Market Size, Share, Growth, Trends, and Forecast by 2031

MARKET INTRODUCTION

An automated truck also known as self-driving truck, is able to run on the roads even without any physical presence of a human being. It incorporates advanced technological system like improved quality sensors and cameras and eliminates the requirement of a driver of stirring the wheel. Moreover, it vastly relies on satellites, guided systems and ground sensors. The inbuilt system identifies any impediments and relevant obscurity to give proper navigation to the trucks to run without any obstacle.

MARKET DYNAMICS

Due to the elevated concerns regarding the road safety with the positive economic effect on trucking & freight transport industry, the automated truck market industry is spurring. According to the forecast, demand of 5G technology for vehicle movement is increasing at a rapid pace, which is also contributing to this growth. Further the government of various countries are quite curious about this newly invented automated trucks, which plays a significant role for the industry as well.

MARKET SCOPE

The "Global Automated Truck Market Analysis to 2031" is a specialized and in-depth study of the automated truck industry with a special focus on the global market trend analysis. The report aims to provide an overview of automated truck market with detailed market segmentation by automation level, sensors, propulsion, truck type, and geography. The global automated truck market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading automated truck market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global automated truck market is segmented on the basis of automation level, sensors, propulsion, and truck type. Based on automation level, the market is segmented as Level 1, Level 2, Level 3, Level 4, and Level 5. Based on sensors, the automated truck market is divided into Radar, LiDAR, Camera, and Others. On basis of propulsion, the market is bifurcated into diesel, electric, and hybrid. Further, on basis of truck type, the market is segmented into medium duty truck and heavy duty truck.

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 automated truck 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), Middle East and Africa (MEA) and South & Central America. The automated 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 automated truck market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for the automated truck market for each region.

MARKET PLAYERS

The reports cover key developments in the automated truck market as 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 market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from automated truck market are anticipated to lucrative growth opportunities in the future with the rising demand for automated truck in the global market. Below mentioned is the list of few companies engaged in the automated truck market.

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

•  Aptiv PLC
•  Continental AG
•  Daimler AG
•  DENSO Corporation
•  PACCAR Inc.
•  Robert Bosch GmbH
•  TomTom N.V.
•  Valeo
•  AB Volvo
•  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.

Automated Truck Report Scope