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Pulished Date February, 2020
ID: 9146
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Automated Truck Market by Type (Cab-integrated and Cabless), By vehicle (Class 8, Class 9, Ultra-Class) by End-Use (Mining, Logistics, Ports, Construction, and Others), by Sensor (RADAR, LIDAR, Camera, and others), by Autonomy Level (level 3, level 4, level 5), by Region – Forecast to 2025

Pulished: February, 2020
ID: 9146
Pages: 175

Automated Truck Market overview:

Global Automated Truck Market is expected to reach USD 1.9 billion by 2026, expanding at a CAGR of 14.5% over the forecast period.

Automated trucks are fully electric, so they use much less gas and energy than conventional vehicles. As a result, it helps reduce pollution, which mainly leads to the growth of the autonomous truck market. In addition, greater awareness of the consequences of air pollution and increased levels of exposure to traffic and noise promotes the adoption of autonomous trucks. But the rise in threats of hackers and cybercrime limits the growth of the independent truck market trend. According to the market analysis, North America is expected to occupy most of the market share by 2020.

Automated trucks have changed the travel experience due to advantages such as minimum cost, high speed, ecological characteristics, and an energy efficiency approach. However, privacy and security issues associated with access to information from operating software are vulnerable to hackers and are supposed to hamper the growth of the autonomous truck market. 

In an ocean full of trends driven by innovation in the top gear of the automotive industry, automated trucks are moving forward, accelerating the pace of rapid adoption in the end-use industry. The trend of electric cars is turning the field of computerized trucks into green, allowing manufacturers to move beyond the obstacles of environmental regulation.

Automated Truck Market Drivers and restraints:

The global automated truck market is driven mainly by the lack of truck drivers and the increase in the supply of goods and materials for several end users. The increase in shipments at a high rate is expected to increase car truck sales and encourage manufacturers' investment. In particular, rising labor costs for drivers in emerging markets will create opportunities for autonomous trucks. Autonomous trucks eliminate errors and damages based on technology with minimal human input.

However, the demand for greater fuel efficiency and strict regulations on harmful fuel emissions will be the biggest challenge for manufacturers. Autonomous trucks are based on advanced software systems and satellite servers. This increases the chances of hacking the system, which can be devastating. Also, even if an autonomous truck has a supervisor inside the vehicle, a hacker can infiltrate the software and deny control. Therefore, the increase in threats of hackers and the increase in cybercrime is likely to limit the growth of the autonomous truck market in the coming years.

Automated Truck Market Recent Developments:

Waymo, a subsidiary of Alphabet Inc and a self-driving technology provider is extending its automated trucks project to New Mexico and Texas, driving along I-10, I-20, and I-45. The company will be using sensor-outfitted minivans to map the traversing roads.

Paccar Inc., a renowned truck maker in association with a technology start-up company Plus.ai, has implemented a heavy-duty truck with sensors and software to support Level 4 automation, which makes the truck drive without any human intervention even in some special scenarios.

Automated Truck Market Market segmentation:

By Truck Type:

• Cab Integrated 

• Cabless 

By Vehicle Class:

• Class 8

 • Class 9

 • Ultra Class 

By End-use Industry:

  • Mining
  • Logistics 
  • Construction
  • Ports

By Sensor:

• RADAR

 • LiDAR

 • Camera

 • Others 

By Autonomy Level:

• Level 3

 • Level 4 

• Level 5

The global automated truck market by type of truck was classified as cabless and cab-integrated. The cab-integrated sector is expected to have the largest market share during the forecast period because most tests are performed only on the cab-integrated truck. The manufacturer only displays cabless trucks, and they have not yet been tested successfully.

In terms of the end-use industry, the logistics sector is likely to grow at the highest CAGR during the forecast period and generate higher revenues than the mining sector due to the large consumer base compared with the counterpart. Mining companies will continue to be an attractive end-use industry for 2020. Mining companies are working to improve their production capacity to meet the growing demands of minerals from the manufacturing industry. However, the number of e-commerce portals has increased considerably, and the need for logistics can reduce the market share of the mining industry.

Level 5 automated trucks are still preferred in mining because they operate without driver assistance and operate with the help of cloud data and artificial intelligence. However, Level 3 automated trucks will exceed the adoption rate of Level 5 automated trucks. Since the truck squads form an integral part of the automated trucks, they will take around 40% of the total market share at the end of the forecast period. Also, the high cost of automated five-stage trucks converts sales into automated three-stage trucks.

Regional analysis:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • Russia
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • Australia
    • Singapore
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

The Asia-Pacific region dominated the global automated truck business in 2018 and hoped to maintain dominance during the forecast period. In countries like Japan, Singapore, and China, the demand for automated trucks in the logistics industry is expected to increase. Australia in this region has some of the largest and most advanced mines in the world. In 2018, the country adopted a large number of transport trucks.

Key players:

  • AB Volvo
  • Aptiv
  • EMBARK
  • Continental AG
  • Daimler AG
  • Intel Corporation
  • NVIDIA
  • Valeo
  • WABCO
  • ZF Friedrichshafen AG

1. Introduction                                

               1.1 Market Definition                    

               1.2 Scope of the report                

               1.3 Study Assumptions                  

               1.4 Base Currency, Base Year and Forecast Periods                         

2. Research Methodology                                          

               2.1 Analysis Design                        

               2.2 Research Phases                      

                              2.2.1 Secondary Research           

                              2.2.2 Primary Research 

                              2.2.3 Data Modelling      

                              2.2.4 Expert Validation  

               2.3 Study Timeline                         

3. Report Overview                                       

               3.1 Executive Summary                

               3.2 Key Inferencees                       

4. Market Dynamics                                     

               4.1 Impact Analysis                        

                              4.1.1 Drivers      

                              4.1.2 Restaints  

                              4.1.3 Opportunities         

               4.2 Regulatory Environment                      

               4.3 Technology Timeline & Recent Trends                           

5. Competitor Benchmarking Analysis                                   

               5.1 Key Player Benchmarking                     

                              5.1.1 Market share analysis        

                              5.1.2 Products/Service   

                              5.1.3 Regional Presence

               5.2 Mergers & Acquistion Landscape                     

               5.3 Joint Ventures & Collaborations                       

6. Market Segmentation                                            

               6.1 Automated Truck Market, By Truck Type                      

                              6.1.1 Cab-Integrated      

                              6.1.2 Cabless     

                              6.1.3 Market Size Estimations & Forecasts (2019-2024)   

                              6.1.4 Y-o-Y Growth Rate Analysis              

                              6.1.5 Market Attractiveness Index           

               6.2 Automated Truck Market, By Vehicle Type                   

                              6.2.1 Class 8      

                              6.2.2 Class 9      

                              6.2.3 Ultra-Class              

                              6.2.4 Market Size Estimations & Forecasts (2019-2024)   

                              6.2.5 Y-o-Y Growth Rate Analysis              

                              6.2.6 Market Attractiveness Index           

               6.3 Automated Truck Market, By End-Use                           

                              6.3.1 Mining      

                              6.3.2 Logistics   

                              6.3.3 Construction          

                              6.3.4 Ports         

                              6.3.5 Market Size Estimations & Forecasts (2019-2024)   

                              6.3.6 Y-o-Y Growth Rate Analysis              

                              6.3.7 Market Attractiveness Index           

               6.4 Automated Truck Market, By Sensor               

                              6.4.1 RADAR      

                              6.4.2 LiDAR        

                              6.4.3 Cameras   

                              6.4.4 Market Size Estimations & Forecasts (2019-2024)   

                              6.4.5 Y-o-Y Growth Rate Analysis              

                              6.4.6 Market Attractiveness Index           

               6.5 Automated Truck Market, By Autonomy Level                           

                              6.5.1 Level 3      

                              6.5.2 Level 4      

                              6.5.3 Level 5      

                              6.5.4 Market Size Estimations & Forecasts (2019-2024)   

                              6.5.5 Y-o-Y Growth Rate Analysis              

                              6.5.6 Market Attractiveness Index           

7. Geographical Landscape                                        

               7.1 Global Identity Governance and Administration Market, by Region                   

               7.2 North America - Market Analysis (2018 - 2024)                          

                              7.2.1 By Country              

                                             7.2.1.1 USA

                                             7.2.1.2 Canada

                              7.2.2 By Truck Type        

                              7.2.3 By Vehicle Type     

                              7.2.4 By End-Use             

                              7.2.5 By Sensor 

                              7.2.6 By Autonomy Level             

               7.3 Europe                        

                              7.3.1 By Country              

                                             7.3.1.1 UK

                                             7.3.1.2 France

                                             7.3.1.3 Germany

                                             7.3.1.4 Spain

                                             7.3.1.5 Italy

                                             7.3.1.6 Rest of Europe

                              7.3.2 By Truck Type        

                              7.3.3 By Vehicle Type     

                              7.3.4 By End-Use             

                              7.3.5 By Sensor 

                              7.3.6 By Autonomy Level             

               7.4 Asia Pacific                 

                              7.4.1 By Country              

                                             7.4.1.1 China

                                             7.4.1.2 India

                                             7.4.1.3 Japan

                                             7.4.1.4 South Korea

                                             7.4.1.5 South East Asia

                                             7.4.1.6 Australia & NZ

                                             7.4.1.7 Rest of Asia-Pacific

                              7.4.2 By Truck Type        

                              7.4.3 By Vehicle Type     

                              7.4.4 By End-Use             

                              7.4.5 By Sensor 

                              7.4.6 By Autonomy Level             

               7.5 Latin America                           

                              7.5.1 By Country              

                                             7.5.1.1 Brazil

                                             7.5.1.2 Argentina

                                             7.5.1.3 Mexico

                                             7.5.1.4 Rest of Latin America

                              7.5.2 By Truck Type        

                              7.5.3 By Vehicle Type     

                              7.5.4 By End-Use             

                              7.5.5 By Sensor 

                              7.5.6 By Autonomy Level             

               7.6 Middle East and Africa                         

                              7.6.1 By Country              

                                             7.6.1.1 Middle East

                                             7.6.1.2 Africa

                              7.6.2 By Truck Type        

                              7.6.3 By Vehicle Type     

                              7.6.4 By End-Use             

                              7.6.5 By Sensor 

                              7.6.6 By Autonomy Level             

8. Key Player Analysis                                   

               8.1 AB Volvo                     

                              8.1.1 Business Description           

                              8.1.2 Products/Service   

                              8.1.3 Financials 

                              8.1.4 SWOT Analysis       

                              8.1.5 Recent Developments        

                              8.1.6 Analyst Overview  

               8.2 Continental AG                        

               8.3 Diamler AG                

               8.4 Intel Corporation                    

               8.5 Aptiv                            

               8.6 EMBARK                     

               8.7 NVIDIA                        

               8.8 Valeo                           

               8.9 WABCO                       

               8.10 ZF Friedrichshafen AG                        

9. Market Outlook & Investment Opportunities                                 

Appendix                                          

               List of Tables                    

               List of Figures                   

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of  by propulsion, by charging station, by  power output, by installation along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

Global Automated Truck Market By Region, From 2020-2025 ( USD Billion )

Global Automated Truck Market By Truck Type, From 2020-2025 ( USD Billion )

Global Cab-Integrated Market By Region, From 2020-2025 ( USD Billion )

Global Cables Market By Region, From 2020-2025 ( USD Billion )

Global Automated Truck Market By Vehicle Class, From 2020-2025 ( USD Billion )

Global Class 8 Market By Region, From 2020-2025 ( USD Billion )

Global Class 9 Market By Region, From 2020-2025 ( USD Billion )

Global Ultra-Class Market By Region, From 2020-2025 ( USD Billion )

Global Automated Truck Market By End-Use, From 2020-2025 ( USD Billion )

Global Logistics Market By Region, From 2020-2025 ( USD Billion )

Global Mining Market By Region, From 2020-2025 ( USD Billion )

Global Construction Market By Region, From 2020-2025 ( USD Billion )

Global Ports Market By Region, From 2020-2025 ( USD Billion )

Global Automated Truck Market By Sensor, From 2020-2025 ( USD Billion )

Global RADAR Market By Region, From 2020-2025 ( USD Billion )

Global LiDAR Market By Region, From 2020-2025 ( USD Billion )

Global Camera Market By Region, From 2020-2025 ( USD Billion )

Global Automated Truck Market By Autonomy Level, From 2020-2025 ( USD Billion )

Global Level 3 Market By Region, From 2020-2025 ( USD Billion )

Global Level 4 Market By Region, From 2020-2025 ( USD Billion )

Global Level 5 Market By Region, From 2020-2025 ( USD Billion )

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