Autonomous Truck Market by Level of Autonomy (Level1, Level 2, Level 3, Level 4), by Propulsion Type (IC Engine, Electric), by Truck Type (Light-Duty Trucks, Medium-Duty Trucks, Heavy-Duty Trucks), by Industry (Manufacturing, Construction & Mining, Military, FMCG, Others), by By Level of Autonomy (Level 1, Level 2, Level 3, Level 4), by Europe (Germany, France, U.K., Rest of Europe), by Asia Pacific (China, Japan, India, South Korea, Rest of Asia Pacific) Forecast 2024-2032
The Autonomous Truck Market size was valued at USD 30.70 USD Billion in 2023 and is projected to reach USD 62.94 USD Billion by 2032, exhibiting a CAGR of 10.8 % during the forecast period. Self-driving or self-operated trucks refer to new-age vehicles that employ a combination of artificial intelligence, sensors and predetermined, automated procedures for the operation of the vehicle without any input from a human operator. These trucks can be divided into certain levels, with the Level 1 trucks featuring driver assistance systems, while the Level 5 trucks are completely autonomous in any situation. Some essential components are GPS, LiDAR, radar, and camera systems that help give actual-time information for navigating through complex environments and identifying objects and obstacles in the car’s space. Autonomous trucks are currently employed in the logistic field as well as mining and agricultural sectors where the efficiency and safety resulting from constant operation and minimizing the contribution of human error are appreciated. Self-driving vehicles are highly satisfying since they enhance fuel efficiency and cut operation costs besides enhancing production.
Level of Autonomy:
Propulsion Type:
Truck Type:
Industry:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 10.8% from 2018-2032 |
Segmentation |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 10.8% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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