Top companies covered in the autonomous trucks market are Aptiv (Dublin, Ireland), Robert Bosch GmbH (Stuttgart, Germany), Daimler AG (Stuttgart, Germany), Caterpillar (Illinois, US), Embark Trucks (San Francisco, US), TuSimple, Inc. (San Diego, US), NVIDIA Corporation (Santa Clara, US), Continental AG (Hanover, Germany), AB Volvo (Gothenburg, Sweden), Tesla (California, US), Waymo LLC (Mountain View, US), and more players profiled

Pune, Oct. 21, 2020 (GLOBE NEWSWIRE) -- The global autonomous trucks market size is projected to reach USD 2,013.34 million by 2027, exhibiting a CAGR of 12.6% during the forecast period. Widespread pollution caused by conventional trucks will be a leading factor stoking the adoption of driverless trucks, shares Fortune Business Insights™ in its report, titled “Autonomous Trucks Market Size, Share & COVID-19 Impact Analysis, By Level of Autonomy (Level 1, Level 2, Level 3, Level 4), By Sensor Type (Ultrasonic, Radar, Camera, LiDAR), By Propulsion (Diesel, Electric, Others), By Truck Type (Light Duty Truck, Medium Duty Truck, Heavy Duty Truck), By ADAS Features (Adaptive Cruise Control, Lane Keep Assist, Automatic Emergency Braking, Blind Spot Detection, Intelligent Park Assist, Highway Pilot, Traffic Jam Assist) and Regional Forecast, 2020-2027”. Heavy-duty, diesel-powered trucks are one of the largest contributors to air pollution around the globe, playing a major role in premature deaths and health costs.

According to a study conducted by the International Council on Clean Transportation, exhaust emissions from these vehicles were responsible for over 380,000 deaths in 2015, with health impacts amounting to roughly USD 1 trillion. In Canada, a study by the University of Toronto revealed that large diesel trucks were the primary emitters of black carbon, while in the US Environmental Protection Agency (EPA) estimates that the transportation sector accounted for 28% of the air pollution in the US. Autonomous trucks are the ideal solution for the problem of air pollution as these vehicles are electrically driven, which can result in a substantial reduction of greenhouse gas emissions.

Get Sample PDF Brochure with Impact of COVID19:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/autonomous-truck-market-103590

The COVID-19 pandemic has triggered unprecedented economic uncertainty in the business world. While some businesses are in relatively insulated due to low exposure, many others have been unable to escape the effects of the pandemic and are struggling financially. We aim to provide businesses with thoroughly researched market intelligence reports regarding this crisis so that they can formulate well-informed market strategies.

Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

The report states that the market value was at USD 1,074.70 million in 2019 and offers the following:

• Quantitative & qualitative analysis on the market size & share and the factors influencing them;
• Microscopic assessment of the different market segments;
• Actionable insights into the regional developments in the market; and
• Careful examination of the key players’ profiles and strategies.

Market Driver

Staggering Shortage of Truck Drivers to Favor Market Growth

With the majority of baby-boomer drivers slated to retire in the next few years, particularly in North America and Europe, the two regions are staring at a critical shortage of truck drivers. In the US, for example, the American Trucking Associations reported an increase in driver deficit from 10,000 in 2017 to 60,800 in 2018. Furthermore, in the next five years, according to the American Transportation Research Institute, trucking companies will need to fill a dearth of 100,000 drivers to operate their vehicles.

Similarly, in Europe, data from the International Road Transport Union reveal that commercial freight driver shortage rose from 23% in 2019 to 36% in 2020, with the heaviest impact being borne by Poland and Romania. To overcome these shortfalls, truck companies are expected to switch to driverless trucks in the coming decade, which is expected to prove beneficial for Autonomous Trucks Market.

Browse Detailed Summary of Research Report with TOC:

https://www.fortunebusinessinsights.com/autonomous-truck-market-103590

Regional Insights

The emergence of Automated Truck Startups in North America to Feed Market Growth

Boasting a market size of USD 475.66 million in 2019, North America is predicted to dominate the Autonomous Trucks Market share during the forecast period. Rapid growth of startups specializing in self-driving vehicle technologies is the central factor driving the market in the region. Moreover, a generally positive attitude towards autonomous vehicles in the region will also contribute to the growth of the regional market.

The market in Asia Pacific is expected to grow at a high CAGR on account of increasing stringency of road safety regulations and technologies in the region. Additionally, favorable adoption trends of driverless vehicles in China and Japan will further boost the regional market prospects.

Competitive Landscape

Strategic Alliances & Investments by Key Players to Energize Competition

The competitive landscape of this market features a notable number of startups, which are strategically collaborating with diverse entities in the logistics & transportation industry. These collaborations are aimed at expanding the scope of autonomous trucks not only through innovative technologies, but also by leveraging the existing infrastructure facilities.

Industry Developments:

July 2020: TuSimple teamed up with UPS, Penske Truck Leasing, U.S. Express, and McLane to launch the Autonomous Freight Network (AFN). As the world’s first such network, the AFN will consist of autonomous trucks, strategically placed terminals, digitally mapped routes, and TuSimple Connect, the company’s operations monitoring system.

January 2019: Daimler Trucks North America released the first SAE level 2 self-driving truck in North America, with enhancements to the Cascadia Freightliner. This automation level indicates that the truck is capable of longitudinal (acceleration/deceleration) and lateral (steering) control.

List of the Leading Companies Profiled in the Global Autonomous Trucks Market are:

• Aptiv (Dublin, Ireland)
• Robert Bosch GmbH (Stuttgart, Germany)
• Daimler AG (Stuttgart, Germany)
• Caterpillar (Illinois, US)
• Embark Trucks (San Francisco, US)
• TuSimple, Inc. (San Diego, US)
• NVIDIA Corporation (Santa Clara, US)
• Continental AG (Hanover, Germany)
• AB Volvo (Gothenburg, Sweden)
• Tesla (California, US)
• Waymo LLC (Mountain View, US)

Inquire Before Buying This Research Report:

https://www.fortunebusinessinsights.com/enquiry/queries/autonomous-truck-market-103590

Detailed Table of Content:

• Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
• Executive Summary
• Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
• Key Insights
  • Merger, Acquisitions, and Partnerships
  • Distributor Analysis – For Major Players
  • Growth and Penetration Analysis
  • Porter’s Five Forces Analysis
  • PEST Analysis
  • Vendor Landscape
• Global Autonomous Truck Market Analysis, Insights and Forecast, 2016-2027
  • Key Findings / Summary
  • Market Analysis, Insights and Forecast – By Level of Autonomy
    • Level 1
    • Level 2
    • Level 3
    • Level 4
  • Market Analysis, Insights and Forecast – By Sensor Type
    • Ultrasonic
    • Radar
    • Camera
    • LiDAR
  • Market Analysis, Insights and Forecast – By Propulsion
    • Diesel
    • Electric
    • Others
  • Market Analysis, Insights and Forecast – By Truck Type
    • Light Duty Truck
    • Medium Duty Truck
    • Heavy Duty Truck
  • Market Analysis, Insights and Forecast – By ADAS Features
    • Adaptive Cruise Control (ACC)
    • Lane Keep Assist (LKA)
    • Automatic Emergency Braking (AEB)
    • Blind Spot Detection (BSD)
    • Intelligent Park Assist (IPA)
    • Highway Pilot (HP)
    • Traffic Jam Assist (TJA)
  • Market Analysis, Insights and Forecast – By Region
    • North America
    • Europe
    • Asia Pacific
    • Rest of the World

TOC Continued…!

Get your Customized Research Report:

https://www.fortunebusinessinsights.com/enquiry/customization/autonomous-truck-market-103590

Have a Look at Related Research Insights:

Autonomous Cars Market Size, Share & COVID-19 Impact Analysis, By Type (Fully Autonomous and Semi-Autonomous), By Vehicle Type (Passenger Cars and Commercial Vehicles) and Regional Forecasts, 2020-2027

Autonomous Emergency Braking Market Size, Share & Industry Analysis, By Brake Type (Disc, Drum), By Technology Type (Crash Imminent Braking, Dynamic Braking Support) By Vehicle Type (Passenger Cars, Commercial Vehicles), and Regional Forecast, 2019-2026

Autonomous Navigation Market Size, Share & Industry Analysis, By Solution (Software, Sensing System, Inertial Navigation System), By Platform Type (Space, Land, Marine, Airborne), By End-User (Military Operators, Commercial and Civil Operators) and Regional Forecast, 2019-2026

Autonomous Ship Market Size, Share & Industry Analysis, By Autonomy (Fully Autonomous, Remote Operations, Partial Automation), By Ship Type (Commercial, Defense), By End-Use (Line fit, Retrofit), By Solution (Systems, Software, Structures) and Regional Forecast, 2019-2026

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune - 411045, Maharashtra, India.

Phone:

US: +1 424 253 0390

UK: +44 2071 939123

APAC: +91 744 740 1245

Email: sales@fortunebusinessinsights.com

Fortune Business Insights™

LinkedIn | Twitter | Blogs

Read Press Release:

https://www.fortunebusinessinsights.com/press-release/global-autonomous-trucks-market-10261