The Autonomous Trucks Market size is expected to reach USD 66.50 Bn by 2030, the market was valued at USD 29.80 Bn in 2022 and will grow at a CAGR of 10.6% over the forecast period of 2023-2030.
Autonomous trucks, sometimes referred to as self-driving trucks or driverless trucks, are autos that can drive themselves thanks to sophisticated technology and artificial intelligence (AI) systems. These vehicles can completely transform the trucking and logistics sectors by performing a variety of transportation and delivery activities on their own. AI algorithms, GPS, computer vision, sensors including Lidar, radar, and cameras, and computer vision are just a few of the technology that autonomous trucks rely on. Together, these systems let the truck to sense its environment, make judgments, and manage its actions.
Autonomous Trucks usually save costs up to 45% which will be the key driving factor. This can also disrupt the current logistics systems across industries.
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Proponents contend that human error, which is a substantial contributor to trucking accidents, has the potential to be reduced in accidents involving autonomous vehicles. Continuous operation makes autonomous trucks less likely to require driver breaks, which could improve the effectiveness of freight transportation. By doing away with the necessity for human drivers, trucking businesses can save money on labour and other costs. Long-distance freight transportation, local deliveries, and warehouse or shipping port logistics can all be handled by autonomous trucks. In order to reduce wind resistance and fuel consumption, they can also be used into platooning systems, where several trucks follow closely behind a lead vehicle. It is anticipated that the adoption of autonomous trucks would have a substantial impact on the smart transportation industry, perhaps enhancing safety and efficiency while lowering operating expenses. The pace of widespread adoption, however, may vary depending on legislative changes, technology breakthroughs, and public acceptance.
Driver
The rising demand for autonomous trucks in commercial zones.
In commercial areas, autonomous vehicles may result in lower operational expenses. They are economical for repeated jobs like moving containers in ports or shuffle products inside a big warehouse because they do not need wages, benefits, or breaks. Autonomous vehicles have a 24/7 operational capability, boosting the output and throughput of commercial zones. This is especially useful in environments like manufacturing plants, where just-in-time production and delivery schedules are essential. Benefits for the environment include reduced pollution in commercial areas due to autonomous trucks' ability to be designed for fuel-efficient driving. For locations with severe environmental rules, this is crucial.
Restrain/Challenge
High maintenance cost and the infrastructural concerns for undeveloped nations
Opportunity
The rising technological advancement in logistic industry along with high adaptability of digitalization and autonomy
Predictive maintenance, demand forecasting, and route optimization are all made possible by advanced analytics and machine learning algorithms. Logistics firms can cut operational expenses and proactively adjust to changing conditions. Autonomy in logistics comprises robotic material handling devices, automated warehouses, and autonomous vehicles (such as drones and self-driving trucks). These technologies increase efficiency and rely less on human labour as a response to shifting needs and labour shortages. The adaptability percentage will be shifting from 23% as of now to 73% during the forecasted period.
There might be new markets for autonomous trucks to enter or existing markets to change depending on the geopolitical ramifications of the conflict. The target markets and strategy of autonomous trucking companies may need to change correspondingly. Concerns about cyber security include the possibility of assaults on autonomous car systems due to heightened tensions and conflicts. In such circumstances, ensuring the cybersecurity of autonomous trucks becomes even more important. Geopolitical concerns may have an impact on international research alliances and collaborations in the field of autonomous trucks. The development of autonomous vehicle technology could be slowed down by restrictions on collaboration or data sharing. The shortage of raw materials was experienced by the major players operating in this market because of the war. This resulted in drop of production volumes by 15%.
By Level of Autonomy
Level 1
Level 2
Level 3
Level 4
By Truck Type
Light Duty Trucks
Medium Duty Trucks
Heavy-Duty Trucks
By Industry Type
Manufacturing
Construction & Mining
FMCG
Others
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North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Regional Analysis
North America was the region which was having the highest share because of rising demand and high commercial zones. An important center for the development and testing of autonomous trucks has been North America, notably the United States. Autonomous truck testing has been ongoing on American highways by businesses like Tesla, Waymo, and TuSimple. The interest in autonomous trucking for long-distance transportation has been particularly strong in Canadian provinces with major freight routes, such as Ontario.
APAC will be the region with the highest CAGR growth rate because China has made significant investments in driverless vehicles, particularly trucks. Businesses like TuSimple and FAW are developing autonomous trucks. Japanese businesses, including Toyota, are investigating the use of autonomous trucks for both domestic and international logistics and shipping. In remote logistics and mining sectors, Australia has been testing autonomous trucks.
The major key players are TuSimple, Waymo, Embark Trucks, Tesla, Caterpillar, AB Volvo, Daimler, Continental AG, Robert Bosch, Aptiv and others.
TuSimple; The company is among the first which received the fully driverless test license in China. This can improve the company’s foothold in China market.
Caterpillar: The company has achieved 2 billion tonnes hauled with autonomous trucks system. This is improving the company’s overall brand image and also giving them an overall competitive advantage.
| Report Attributes | Details |
| Market Size in 2022 | US$ 29.80 Billion |
| Market Size by 2030 | US$ 66.50 Billion |
| CAGR | CAGR of 10.6 % From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2019-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Level of Autonomy (Level 1, Level 2, Level 3, Level 4) • By Truck Type (Light Duty Trucks, Medium Duty Trucks, Heavy-Duty Trucks) • By Industry Type (Manufacturing, Construction & Mining, FMCG, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | TuSimple, Waymo, Embark Trucks, Tesla, Caterpillar, AB Volvo, Daimler, Continental AG, Robert Bosch, Aptiv |
| Key Drivers | • The rising demand for autonomous trucks in commercial zones. |
| Market Opportunity | • The rising technological advancement in logistic industry along with high adaptability of digitalization and autonomy. |
Ans: The Autonomous Trucks Market size is expected to reach USD 66.50 Bn by 2030, the market was valued at USD 29.80 Bn in 2022 and will grow at a CAGR of 10.6% over the forecast period of 2023-2030.
Ans: The CAGR growth rate recorded was 10.6%
Ans : North America will be the region which will have the highest share.
Ans: The rising demand for autonomous trucks in commercial zones.
Ans: High maintenance cost and the infrastructural concerns for undeveloped nations.
Table of Content
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Russia-Ukraine war
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Autonomous Trucks Market, By Level of Autonomy
8.1 Level 1
8.2 Level 2
8.3 Level 3
8.4 Level 4
9. Autonomous Trucks Market, By Truck Type
9.1 Light Duty Trucks
9.2 Medium Duty Trucks
9.3 Heavy-Duty Trucks
10. Autonomous Trucks Market, By Industry Type
10.1 Manufacturing
10.2 Construction & Mining
10.3 FMCG
10.4 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Autonomous Trucks Market by Country
11.2.2 North America Autonomous Trucks Market by Level of Autonomy
11.2.3 North America Autonomous Trucks Market by Truck Type
11.2.4 North America Autonomous Trucks Market by Industry Type
11.2.5 USA
11.2.5.1 USA Autonomous Trucks Market by Level of Autonomy
11.2.5.2 USA Autonomous Trucks Market by Truck Type
11.2.5.3 USA Autonomous Trucks Market by Industry Type
11.2.6 Canada
11.2.6.1 Canada Autonomous Trucks Market by Level of Autonomy
11.2.6.2 Canada Autonomous Trucks Market by Truck Type
11.2.6.3 Canada Autonomous Trucks Market by Industry Type
11.2.7 Mexico
11.2.7.1 Mexico Autonomous Trucks Market by Level of Autonomy
11.2.7.2 Mexico Autonomous Trucks Market by Truck Type
11.2.7.3 Mexico Autonomous Trucks Market by Industry Type
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Autonomous Trucks Market by country
11.3.1.2 Eastern Europe Autonomous Trucks Market by Level of Autonomy
11.3.1.3 Eastern Europe Autonomous Trucks Market by Truck Type
11.3.1.4 Eastern Europe Autonomous Trucks Market by Industry Type
11.3.1.5 Poland
11.3.1.5.1 Poland Autonomous Trucks Market by Level of Autonomy
11.3.1.5.2 Poland Autonomous Trucks Market by Truck Type
11.3.1.5.3 Poland Autonomous Trucks Market by Industry Type
11.3.1.6 Romania
11.3.1.6.1 Romania Autonomous Trucks Market by Level of Autonomy
11.3.1.6.2 Romania Autonomous Trucks Market by Truck Type
11.3.1.6.4 Romania Autonomous Trucks Market by Industry Type
11.3.1.7 Turkey
11.3.1.7.1 Turkey Autonomous Trucks Market by Level of Autonomy
11.3.1.7.2 Turkey Autonomous Trucks Market by Truck Type
11.3.1.7.3 Turkey Autonomous Trucks Market by Industry Type
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Autonomous Trucks Market by Level of Autonomy
11.3.1.8.2 Rest of Eastern Europe Autonomous Trucks Market by Truck Type
11.3.1.8.3 Rest of Eastern Europe Autonomous Trucks Market by Industry Type
11.3.2 Western Europe
11.3.2.1 Western Europe Autonomous Trucks Market by Country
11.3.2.2 Western Europe Autonomous Trucks Market by Level of Autonomy
11.3.2.3 Western Europe Autonomous Trucks Market by Truck Type
11.3.2.4 Western Europe Autonomous Trucks Market by Industry Type
11.3.2.5 Germany
11.3.2.5.1 Germany Autonomous Trucks Market by Level of Autonomy
11.3.2.5.2 Germany Autonomous Trucks Market by Truck Type
11.3.2.5.3 Germany Autonomous Trucks Market by Industry Type
11.3.2.6 France
11.3.2.6.1 France Autonomous Trucks Market by Level of Autonomy
11.3.2.6.2 France Autonomous Trucks Market by Truck Type
11.3.2.6.3 France Autonomous Trucks Market by Industry Type
11.3.2.7 UK
11.3.2.7.1 UK Autonomous Trucks Market by Level of Autonomy
11.3.2.7.2 UK Autonomous Trucks Market by Truck Type
11.3.2.7.3 UK Autonomous Trucks Market by Industry Type
11.3.2.8 Italy
11.3.2.8.1 Italy Autonomous Trucks Market by Level of Autonomy
11.3.2.8.2 Italy Autonomous Trucks Market by Truck Type
11.3.2.8.3 Italy Autonomous Trucks Market by Industry Type
11.3.2.9 Spain
11.3.2.9.1 Spain Autonomous Trucks Market by Level of Autonomy
11.3.2.9.2 Spain Autonomous Trucks Market by Truck Type
11.3.2.9.3 Spain Autonomous Trucks Market by Industry Type
11.3.2.10 Netherlands
11.3.2.10.1 Netherlands Autonomous Trucks Market by Level of Autonomy
11.3.2.10.2 Netherlands Autonomous Trucks Market by Truck Type
11.3.2.10.3 Netherlands Autonomous Trucks Market by Test Level of Autonomy
11.3.2.11 Switzerland
11.3.2.11.1 Switzerland Autonomous Trucks Market by Level of Autonomy
11.3.2.11.2 Switzerland Autonomous Trucks Market by Truck Type
11.3.2.11.3 Switzerland Autonomous Trucks Market by Industry Type
11.3.2.1.12 Austria
11.3.2.12.1 Austria Autonomous Trucks Market by Level of Autonomy
11.3.2.12.2 Austria Autonomous Trucks Market by Truck Type
11.3.2.12.3 Austria Autonomous Trucks Market by Industry Type
11.3.2.13 Rest of Western Europe
11.3.2.13.1 Rest of Western Europe Autonomous Trucks Market by Level of Autonomy
11.3.2.13.2 Rest of Western Europe Autonomous Trucks Market by Truck Type
11.3.2.13.3 Rest of Western Europe Autonomous Trucks Market by Industry Type
11.4 Asia-Pacific
11.4.1 Asia-Pacific Autonomous Trucks Market by country
11.4.2 Asia-Pacific Autonomous Trucks Market by Level of Autonomy
11.4.3 Asia-Pacific Autonomous Trucks Market by Truck Type
11.4.4 Asia-Pacific Autonomous Trucks Market by Industry Type
11.4.5 China
11.4.5.1 China Autonomous Trucks Market by Level of Autonomy
11.4.5.2 China Autonomous Trucks Market by Industry Type
11.4.5.3 China Autonomous Trucks Market by Truck Type
11.4.6 India
11.4.6.1 India Autonomous Trucks Market by Level of Autonomy
11.4.6.2 India Autonomous Trucks Market by Truck Type
11.4.6.3 India Autonomous Trucks Market by Industry Type
11.4.7 Japan
11.4.7.1 Japan Autonomous Trucks Market by Level of Autonomy
11.4.7.2 Japan Autonomous Trucks Market by Truck Type
11.4.7.3 Japan Autonomous Trucks Market by Industry Type
11.4.8 South Korea
11.4.8.1 South Korea Autonomous Trucks Market by Level of Autonomy
11.4.8.2 South Korea Autonomous Trucks Market by Truck Type
11.4.8.3 South Korea Autonomous Trucks Market by Industry Type
11.4.9 Vietnam
11.4.9.1 Vietnam Autonomous Trucks Market by Level of Autonomy
11.4.9.2 Vietnam Autonomous Trucks Market by Truck Type
11.4.9.3 Vietnam Autonomous Trucks Market by Industry Type
11.4.10 Singapore
11.4.10.1 Singapore Autonomous Trucks Market by Level of Autonomy
11.4.10.2 Singapore Autonomous Trucks Market by Truck Type
11.4.10.3 Singapore Autonomous Trucks Market by Industry Type
11.4.11 Australia
11.4.11.1 Australia Autonomous Trucks Market by Level of Autonomy
11.4.11.2 Australia Autonomous Trucks Market by Truck Type
11.4.11.3 Australia Autonomous Trucks Market by Industry Type
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Autonomous Trucks Market by Level of Autonomy
11.4.12.2 Rest of Asia-Pacific Autonomous Trucks Market by Truck Type
11.4.12.3 Rest of Asia-Pacific Autonomous Trucks Market by Test Level of Autonomy
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Autonomous Trucks Market by country
11.5.1.2 Middle East Autonomous Trucks Market by Level of Autonomy
11.5.1.3 Middle East Autonomous Trucks Market by Truck Type
11.5.1.4 Middle East Autonomous Trucks Market by Industry Type
11.5.1.5 UAE
11.5.1.5.1 UAE Autonomous Trucks Market by Level of Autonomy
11.5.1.5.2 UAE Autonomous Trucks Market by Truck Type
11.5.1.5.3 UAE Autonomous Trucks Market by Industry Type
11.5.1.6 Egypt
11.5.1.6.1 Egypt Autonomous Trucks Market by Level of Autonomy
11.5.1.6.2 Egypt Autonomous Trucks Market by Truck Type
11.5.1.6.3 Egypt Autonomous Trucks Market by Industry Type
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Autonomous Trucks Market by Level of Autonomy
11.5.1.7.2 Saudi Arabia Autonomous Trucks Market by Truck Type
11.5.1.7.3 Saudi Arabia Autonomous Trucks Market by Industry Type
11.5.1.8 Qatar
11.5.1.8.1 Qatar Autonomous Trucks Market by Level of Autonomy
11.5.1.8.2 Qatar Autonomous Trucks Market by Truck Type
11.5.1.8.3 Qatar Autonomous Trucks Market by Industry Type
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Autonomous Trucks Market by Level of Autonomy
11.5.1.9.2 Rest of Middle East Autonomous Trucks Market by Truck Type
11.5.1.9.3 Rest of Middle East Autonomous Trucks Market by Industry Type
11.5.2 Africa
11.5.2.1 Africa Transfusion Diagnostics Market by country
11.5.2.2 Africa Autonomous Trucks Market by Level of Autonomy
11.5.2.3 Africa Autonomous Trucks Market by Truck Type
11.5.2.4 Africa Autonomous Trucks Market by Industry Type
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Autonomous Trucks Market by Level of Autonomy
11.5.2.5.2 Nigeria Autonomous Trucks Market by Truck Type
11.5.2.5.3 Nigeria Autonomous Trucks Market by Industry Type
11.5.2.6 South Africa
11.5.2.6.1 South Africa Autonomous Trucks Market by Level of Autonomy
11.5.2.6.2 South Africa Autonomous Trucks Market by Truck Type
11.5.2.6.3 South Africa Autonomous Trucks Market by Industry Type
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Autonomous Trucks Market by Level of Autonomy
11.5.2.7.2 Rest of Africa Autonomous Trucks Market by Truck Type
11.5.2.7.3 Rest of Africa Autonomous Trucks Market by Industry Type
11.6 Latin America
11.6.1 Latin America Autonomous Trucks Market by country
11.6.2 Latin America Autonomous Trucks Market by Level of Autonomy
11.6.3 Latin America Autonomous Trucks Market by Truck Type
11.6.4 Latin America Autonomous Trucks Market by Industry Type
11.6.5 Brazil
11.6.5.1 Brazil Autonomous Trucks by Level of Autonomy
11.6.5.2 Brazil Autonomous Trucks by Truck Type
11.6.5.3 Brazil Autonomous Trucks by Industry Type
11.6.6 Argentina
11.6.6.1 Argentina Autonomous Trucks by Level of Autonomy
11.6.6.2 Argentina Autonomous Trucks by Truck Type
11.6.6.3 Argentina Autonomous Trucks by Industry Type
11.6.7 Colombia
11.6.7.1 Colombia Autonomous Trucks by Level of Autonomy
11.6.7.2 Colombia Autonomous Trucks by Truck Type
11.6.7.3 Colombia Autonomous Trucks by Industry Type
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Autonomous Trucks by Level of Autonomy
11.6.8.2 Rest of Latin America Autonomous Trucks by Truck Type
11.6.8.3 Rest of Latin America Autonomous Trucks by Industry Type
12 Company Profiles
12.1 TuSimple
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Waymo
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Product/Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Embark Trucks
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Product/Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Tesla
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Product/Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Caterpillar
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Product/Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 AB Volvo
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Product/Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Daimler
12.7.1 Company Overview
12.7.2 Financials
12.7.3 Product/Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Continental AG
12.8.1 Company Overview
12.8.2 Financials
12.8.3 Product/Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Robert Bosch
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Product/Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Aptiv and Others
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Product/Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Bench marking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
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