Global Self-driving Truck Market With Current Trends And Future Estimations, 2025 Global Opportunity Analysis And Industry Forecast, 2020-2025
Self-driving Truck Market Overview: •
Global Self-Driving Truck Market was valued at $1,004 million in 2020, and is projected to reach at $1,669 million by 2025, growing at a CAGR of 10.4% from 2020 to 2025. Self-Driving Truck is also known as autonomous truck and robotic truck. These trucks feature all the major competencies of traditional trucks. The self-driving system uses infrared radars, LIDAR (laser radar), cameras, sophisticated motion sensors, incredibly accurate sensors, and complex algorithms among others that allow the truck to drive itself. •
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The self-driving trucks are fully electric, and hence use significantly less gas and energy compared to conventional trucks. This in turn helps reduce the pollution, which majorly drives the growth of the market. Moreover, increase in awareness toward the consequences of air pollution and rise in levels of exposure to traffic & noise drive the adoption of selfdriven trucks. However, the threat of hackers and rise in cybercrime restrict the growth of the market.
Segment Overview •
The report segments the self-driving truck market based on level of autonomy, industry vertical, and region. Based on level of autonomy, the market is divided into level one, two, three, and four. Based on industry vertical, the market is classified into logistics, construction & manufacturing, mining, and port. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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Security Concern
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Self-driving truck has transformed the travelling experience, owing to its benefits such as minimum cost, high speed, environment-friendly nature, and energy-efficient approach. However, privacy and security concerns related to information access from the operating software is expected to hinder the market growth as these software are vulnerable to hackers. Moreover, even if self-driving truck has supervisor inside the vehicle there is the possibility that hackers can infiltrate the software and overrule the controls. Thus, increase in threat from hackers and rise in cybercrime is expected to limit the market growth in the coming years.
Key Benefits This study comprises analytical depiction of the global self-driving truck market with current trends and future estimations to portray the imminent investment pockets. The overall market potential is determined to understand the profitable trends to gain a stronger foothold. The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis. The current market is quantitatively analyzed from 2020 to 2025 to highlight the financial competency of the market. Porter’s Five Forces analysis illustrates the potency of the buyers and suppliers in the industry.
Self-driving Truck Market Key Segments: By Level of Autonomy
By Industry Vertical
Level One
Logistics
Level Two
Construction & Manufacturing
Level Three
Mining
Level Four
Port
By Region •
North America
Asia-Pacific
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U.S.
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China
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Canada Mexico
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Japan Australia
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Europe • •
UK Germany
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Singapore Rest of Asia-Pacific
LAMEA •
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Russia France
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Latin America Middle East
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Rest of Europe
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Africa
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Key Market Players Profiled •
BMW AG
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Isuzu Motors Limited
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General Motors
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Otto motors
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AB Volvo
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Daimler AG
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Tesla
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Waymo
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Toyota
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Volkswagen
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