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Autonomous Trucks Market By Sensor Technology (Radar, Camera, LiDAR, Ultrasonic), By Level Of Automation (Level 1, Level 2, Level 3, Level 4, Level 5), By ADAS Features (Adaptive Cruise Control (ACC), Blind Spot Detection (BSD), Lane Assist (LA), Automatic Emergency Braking (AEB), Highway Pilot (HP), Other ADAS Features) – Growth, Future Prospects And Competitive Analysis, 2019 – 2027

Summary
Table Of Content

Growing adoption of autonomous vehicles will drive the growth of the autonomous truck market.

Globally, the autonomous trucks market is expected to grow at a CAGR of more than 9.5% during the forecast period from 2019 to 2027, starting at US$3.5 billion in 2018.

In recent years, consumer interest in self-driving vehicles has been rising rapidly all over the world. The automated mobility system is gaining popularity among commercial vehicles. The growing demand for autonomous trucks to reduce costs and improve safety is the primary factor that drives the growth of the market. Additionally, several government organizations are taking the initiative to adopt autonomous vehicles to alleviate the truck driver shortage and improve road safety. Thus, this is contributing to the growth of the market for autonomous trucks.

The ongoing adoption of several advanced technologies is anticipated to escalate the growth of the autonomous truck market. The rapidly growing transport industry in developed and several underdeveloped countries is boosting the growth of the autonomous truck market.

However, cybersecurity concerns are expected to restrain the growth of the autonomous truck market during the forecast period. Moreover, the introduction of 5G and other advanced technologies in autonomous trucks is projected to offer several growth opportunities in the market in the near future.

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Market Synopsis

Growing use of radar sensors as the well-established sensor technology to continue dominating the market.

The global market for autonomous trucks is segmented by sensor technology, level of automation, and ADAS features. Radar sensors hold the largest market share of approximately 34% of the total market share in the autonomous truck market. Radar sensor technology is a well-established sensor technology in autonomous trucks, as it has several unique applications in the ADAS, including intelligent park assist, blind-spot detection, adaptive cruise control, and many more. Furthermore, the camera sensor is the fastest-growing segment in the autonomous truck market.

By ADAS features, the market for autonomous trucks is dominated by an adaptive cruise control system, followed by blind spot detection (BSD). Moreover, the introduction of advanced sensors and cameras in the ADAS systems is expected to offer significant growth opportunities in the autonomous truck market.

Asia Pacific to Register the Fastest Growth

Geographically, North America holds the largest market share in the global autonomous truck market, followed by Europe. The increasing adoption of autonomous and semi-autonomous vehicles and the growing importance of road safety are primarily driving the growth of the autonomous truck market in the North American region. Similarly, stringent government regulations regarding the integration of advanced safety features and tools in vehicles are also contributing to the development of this market in countries such as the US and Canada.

Moreover, Asia Pacific is expected to register the fastest growth owing to the technological advancements in the automotive industry, increasing the purchasing power of the people, and rising awareness about road safety. Some of the prominent players operating in the autonomous truck market include Volkswagen AG, Toyota Motor Corporation, Isuzu Motors Limited, Tesla, Inc., General Motors, AB Volvo, Continental AG, Daimler AG, and others.

Historical and Forecast Period

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The autonomous trucks market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global autonomous truck market based on technology, level of automation, ADAS features, and geography. Key segments covered in the report are as follows:

Key questions are answered in this report.

What was the market size of autonomous trucks in 2018, and what is the forecast up to 2027?
Which is the largest regional market for the radar sensor segment?
What are the major trends followed in the autonomous truck market across different regions?
Who are the key autonomous trucking companies leading the market?
What are the key strategies adopted by the leading autonomous truck companies in the market?

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Unique data points of this report

Statistics on electric vehicle penetration and spending worldwide
Recent trends across different regions in terms of the adoption of autonomous trucks for various vehicles
Attractive investment propositions for segments as well as geography
Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Assumptions
1.4.5 Approach Adopted

Chapter 2 Executive Summary
2.1 Market Snapshot: Global AT Market
2.2 Global AT Market, By Sensor Technology, 2018 (US$ Bn)
2.3 Global AT Market, By Level of Automation, 2018 (US$ Bn)
2.4 Global AT Market, By ADAS Features, 2018 (US$ Bn)
2.5 Global AT Market, By Geography, 2018 (US$ Bn)

Chapter 3 Market Dynamics
3.1 Introduction
3.1.1 Global AT Market Value, 2017 – 2027, (US$ Bn)
3.2 Market Drivers
3.3 Market Growth Inhibitors
3.3.1 Impact Analysis of Drivers and Restraints
3.4 Key Market Trends
3.5 Attractive Investment Proposition, by Geography, 2018
3.6 Competitive Analysis
3.6.1 Market Positioning of Key AT Vendors, 2018
3.6.2 Key Strategies Adopted by the Leading Players

Chapter 4 Global Autonomous Trucks (AT) Market Analysis, by Sensor Technology, 2017 – 2027 (US$ Bn)
4.1 Overview
4.2 Radar
4.3 Camera
4.4 LiDAR
4.5 Ultrasonic

Chapter 5 Global Autonomous Trucks (AT) Market Analysis, by Level of Automation, 2017 – 2027 (US$ Bn)
5.1 Overview
5.2 Level 1
5.3 Level 2
5.4 Level 3
5.5 Level 4
5.6 Level 5

Chapter 6 Global Autonomous Trucks (AT) Market Analysis, by ADAS Features, 2017 – 2027 (US$ Bn)
6.1 Overview
6.2 Adaptive Cruise Control (ACC)
6.3 Blind Spot Detection (BSD)
6.4 Lane Assist (LA)
6.5 Automatic Emergency Braking (AEB)
6.6 Highway Pilot (HP)
6.7 Other ADAS Features

Chapter 7 North America Autonomous Trucks (AT) Market Analysis, 2017 – 2027 (US$ Bn)
7.1 Overview
7.2 North America AT Market Analysis, By Sensor Technology, 2017 – 2027
7.2.1 Market Analysis
7.3 North America AT Market Analysis, By Level of Automation, 2017 – 2027
7.3.1 Market Analysis
7.4 North America AT Market Analysis, By ADAS Features, 2017 – 2027
7.4.1 Market Analysis
7.5 North America AT Market Analysis, By Region/Country, 2017 – 2027
7.5.1 U.S.
7.5.1.1 U.S. AT Market Value, By Sensor Technology, 2017 – 2027 (US$ Bn)
7.5.1.2 U.S. AT Market Value, By Level of Automation, 2017 – 2027 (US$ Bn)
7.5.1.3 U.S. AT Market Value, By ADAS Features, 2017 – 2027 (US$ Bn)
7.5.2 Rest of North America
7.5.2.1 Rest of North America AT Market Value, By Sensor Technology, 2017 – 2027 (US$ Bn)
7.5.2.2 Rest of North America AT Market Value, By Level of Automation, 2017 – 2027 (US$ Bn)
7.5.2.3 Rest of North America AT Market Value, By ADAS Features, 2017 – 2027 (US$ Bn)

Chapter 8 Europe Autonomous Trucks (AT) Market Analysis, 2017 – 2027 (US$ Bn)
8.1 Overview
8.2 Europe AT Market Analysis, By Sensor Technology, 2017 – 2027
8.2.1 Market Analysis
8.3 Europe AT Market Analysis, By Level of Automation, 2017 – 2027
8.3.1 Market Analysis
8.4 Europe AT Market Analysis, By ADAS Features, 2017 – 2027
8.4.1 Market Analysis
8.5 Europe AT Market Analysis, By Region/Country, 2017 – 2027
8.5.1 U.K.
8.5.1.1 U.K. AT Market Value, By Sensor Technology, 2017 – 2027 (US$ Bn)
8.5.1.2 U.K. AT Market Value, By Level of Automation, 2017 – 2027 (US$ Bn)
8.5.1.3 U.K. AT Market Value, By ADAS Features, 2017 – 2027 (US$ Bn)
8.5.2 Germany
8.5.2.1 Germany AT Market Value, By Sensor Technology, 2017 – 2027 (US$ Bn)
8.5.2.2 Germany AT Market Value, By Level of Automation, 2017 – 2027 (US$ Bn)
8.5.2.3 Germany AT Market Value, By ADAS Features, 2017 – 2027 (US$ Bn)
8.5.3 France
8.5.3.1 France AT Market Value, By Sensor Technology, 2017 – 2027 (US$ Bn)
8.5.3.2 France AT Market Value, By Level of Automation, 2017 – 2027 (US$ Bn)
8.5.3.3 France AT Market Value, By ADAS Features, 2017 – 2027 (US$ Bn)
8.5.4 Rest of Europe
8.5.4.1 Rest of Europe AT Market Value, By Sensor Technology, 2017 – 2027 (US$ Bn)
8.5.4.2 Rest of Europe AT Market Value, By Level of Automation, 2017 – 2027 (US$ Bn)
8.5.4.3 Rest of Europe AT Market Value, By ADAS Features, 2017 – 2027 (US$ Bn)

Chapter 9 Asia Pacific Autonomous Trucks (AT) Market Analysis, 2017 – 2027 (US$ Bn)
9.1 Overview
9.2 Asia Pacific AT Market Analysis, By Sensor Technology, 2017 – 2027
9.2.1 Market Analysis
9.3 Asia Pacific AT Market Analysis, By Level of Automation, 2017 – 2027
9.3.1 Market Analysis
9.4 Asia Pacific AT Market Analysis, By ADAS Features, 2017 – 2027
9.4.1 Market Analysis
9.5 Asia Pacific AT Market Analysis, By Region/Country, 2017 – 2027
9.5.1 China
9.5.1.1 China AT Market Value, By Sensor Technology, 2017 – 2027 (US$ Bn)
9.5.1.2 China AT Market Value, By Level of Automation, 2017 – 2027 (US$ Bn)
9.5.1.3 China AT Market Value, By ADAS Features, 2017 – 2027 (US$ Bn)
9.5.2 Japan
9.5.2.1 Japan AT Market Value, By Sensor Technology, 2017 – 2027 (US$ Bn)
9.5.2.2 Japan AT Market Value, By Level of Automation, 2017 – 2027 (US$ Bn)
9.5.2.3 Japan AT Market Value, By ADAS Features, 2017 – 2027 (US$ Bn)
9.5.3 India
9.5.3.1 India AT Market Value, By Sensor Technology, 2017 – 2027 (US$ Bn)
9.5.3.2 India AT Market Value, By Level of Automation, 2017 – 2027 (US$ Bn)
9.5.3.3 India AT Market Value, By ADAS Features, 2017 – 2027 (US$ Bn)
9.5.4 Rest of Asia Pacific
9.5.4.1 Rest of Asia Pacific AT Market Value, By Sensor Technology, 2017 – 2027 (US$ Bn)
9.5.4.2 Rest of Asia Pacific AT Market Value, By Level of Automation, 2017 – 2027 (US$ Bn)
9.5.4.3 Rest of Asia Pacific AT Market Value, By ADAS Features, 2017 – 2027 (US$ Bn)

Chapter 10 Rest of the World (RoW) Autonomous Trucks (AT) Market Analysis, 2017 – 2027 (US$ Bn)
10.1 Overview
10.2 RoW AT Market Analysis, By Sensor Technology, 2017 – 2027
10.2.1 Market Analysis
10.3 RoW AT Market Analysis, By Level of Automation, 2017 – 2027
10.3.1 Market Analysis
10.4 RoW AT Market Analysis, By ADAS Features, 2017 – 2027
10.4.1 Market Analysis
10.5 RoW AT Market Analysis, By Region/Country, 2017 – 2027
10.5.1 Middle East & Africa (MEA)
10.5.1.1 MEA AT Market Value, By Sensor Technology, 2017 – 2027 (US$ Bn)
10.5.1.2 MEA AT Market Value, By Level of Automation, 2017 – 2027 (US$ Bn)
10.5.1.3 MEA AT Market Value, By ADAS Features, 2017 – 2027 (US$ Bn)
10.5.2 Latin America
10.5.2.1 Latin America AT Market Value, By Sensor Technology, 2017 – 2027 (US$ Bn)
10.5.2.2 Latin America AT Market Value, By Level of Automation, 2017 – 2027 (US$ Bn)
10.5.2.3 Latin America AT Market Value, By ADAS Features, 2017 – 2027 (US$ Bn)

Chapter 11 Company Profiles
11.1 Toyota Motor Corporation
11.2 Volkswagen AG
11.3 Isuzu Motors Limited
11.4 General Motors Company
11.5 Tesla, Inc.
11.6 AB Volvo
11.7 Daimler AG
11.8 Continental AG
11.9 Other Companies

List of Figures

FIG. 1 Global Autonomous Trucks (AT): Market Segmentation
FIG. 2 Global AT Market: Research Methodology
FIG. 3 Top-Down and Bottom-Up Approach
FIG. 4 Global AT Market, By Sensor Technology, 2018 (US$ Bn)
FIG. 5 Global AT Market, By Level of Automation, 2018 (US$ Bn)
FIG. 6 Global AT Market, By Industry Vertical, 2018 (US$ Bn)
FIG. 7 Global AT Market, By Geography, 2018 (US$ Bn)
FIG. 8 Global AT Market Value, 2017 – 2027, (US$ Bn)
FIG. 9 Attractive Investment Proposition, by Geography, 2018
FIG. 10 Market Positioning of Key AT Vendors, 2018
FIG. 11 Global AT Market Value Contribution, By Sensor Technology, 2018 & 2027 (%)
FIG. 12 Global Radar Market Value, 2017 – 2027, (US$ Bn)
FIG. 13 Global Camera Market Value, 2017 – 2027, (US$ Bn)
FIG. 14 Global LiDAR Market Value, 2017 – 2027, (US$ Bn)
FIG. 15 Global Ultrasonic Market Value, 2017 – 2027, (US$ Bn)
FIG. 16 Global AT Market Value Contribution, By Level of Automation, 2018 & 2027 (%)
FIG. 17 Global Level 1 AT Market Value, 2017 – 2027, (US$ Bn)
FIG. 18 Global Level 2 Market Value, 2017 – 2027, (US$ Bn)
FIG. 19 Global Level 3 Market Value, 2017 – 2027, (US$ Bn)
FIG. 20 Global Level 4 Market Value, 2017 – 2027, (US$ Bn)
FIG. 21 Global Level 5 Market Value, 2017 – 2027, (US$ Bn)
FIG. 22 Global AT Market Value Contribution, By ADAS Features, 2018 & 2027 (%)
FIG. 23 Global AT Market Value from Adaptive Cruise Control (ACC), 2017 – 2027 (US$ Bn)
FIG. 24 Global AT Market Value from Blind Spot Detection (BSD), 2017 – 2027 (US$ Bn)
FIG. 25 Global AT Market Value from Lane Assist (LA), 2017 – 2027 (US$ Bn)
FIG. 26 Global AT Market Value from Automatic Emergency Braking (AEB), 2017 – 2027 (US$ Bn)
FIG. 27 Global AT Market Value from Highway Pilot (HP), 2017 – 2027 (US$ Bn)
FIG. 28 Global AT Market Value from Other ADAS Features, 2017 – 2027 (US$ Bn)
FIG. 29 North America AT Market Value, 2017 – 2027, (US$ Bn)
FIG. 30 Europe AT Market Value, 2017 – 2027, (US$ Bn)
FIG. 31 Asia Pacific AT Market Value, 2017 – 2027, (US$ Bn)
FIG. 32 RoW AT Market Value, 2017 – 2027, (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Autonomous Trucks (AT) Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 North America AT Market Value, By Sensor Technology, 2017 – 2027 (US$ Bn)
TABLE 5 North America AT Market Value, By Level of Automation, 2017 – 2027 (US$ Bn)
TABLE 6 North America AT Market Value, By ADAS Features, 2017 – 2027 (US$ Bn)
TABLE 7 North America AT Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
TABLE 8 U.S. AT Market Value, By Sensor Technology, 2017 – 2027 (US$ Bn)
TABLE 9 U.S. AT Market Value, By Level of Automation, 2017 – 2027 (US$ Bn)
TABLE 10 U.S. AT Market Value, By ADAS Features, 2017 – 2027 (US$ Bn)
TABLE 11 Rest of North America AT Market Value, By Sensor Technology, 2017 – 2027 (US$ Bn)
TABLE 12 Rest of North America AT Market Value, By Level of Automation, 2017 – 2027 (US$ Bn)
TABLE 13 Rest of North America AT Market Value, By ADAS Features, 2017 – 2027 (US$ Bn)
TABLE 14 Europe AT Market Value, By Sensor Technology, 2017 – 2027 (US$ Bn)
TABLE 15 Europe AT Market Value, By Level of Automation, 2017 – 2027 (US$ Bn)
TABLE 16 Europe AT Market Value, By ADAS Features, 2017 – 2027 (US$ Bn)
TABLE 17 Europe AT Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
TABLE 18 U.K. AT Market Value, By Sensor Technology, 2017 – 2027 (US$ Bn)
TABLE 19 U.K. AT Market Value, By Level of Automation, 2017 – 2027 (US$ Bn)
TABLE 20 U.K. AT Market Value, By ADAS Features, 2017 – 2027 (US$ Bn)
TABLE 21 Germany AT Market Value, By Sensor Technology, 2017 – 2027 (US$ Bn)
TABLE 22 Germany AT Market Value, By Level of Automation, 2017 – 2027 (US$ Bn)
TABLE 23 Germany AT Market Value, By ADAS Features, 2017 – 2027 (US$ Bn)
TABLE 24 France AT Market Value, By Sensor Technology, 2017 – 2027 (US$ Bn)
TABLE 25 France AT Market Value, By Level of Automation, 2017 – 2027 (US$ Bn)
TABLE 26 France AT Market Value, By ADAS Features, 2017 – 2027 (US$ Bn)
TABLE 27 Rest of Europe AT Market Value, By Sensor Technology, 2017 – 2027 (US$ Bn)
TABLE 28 Rest of Europe AT Market Value, By Level of Automation, 2017 – 2027 (US$ Bn)
TABLE 29 Rest of Europe AT Market Value, By ADAS Features, 2017 – 2027 (US$ Bn)
TABLE 30 Asia Pacific AT Market Value, By Sensor Technology, 2017 – 2027 (US$ Bn)
TABLE 31 Asia Pacific AT Market Value, By Level of Automation, 2017 – 2027 (US$ Bn)
TABLE 32 Asia Pacific AT Market Value, By ADAS Features, 2017 – 2027 (US$ Bn)
TABLE 33 Asia Pacific AT Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
TABLE 34 China AT Market Value, By Sensor Technology, 2017 – 2027 (US$ Bn)
TABLE 35 China AT Market Value, By Level of Automation, 2017 – 2027 (US$ Bn)
TABLE 36 China AT Market Value, By ADAS Features, 2017 – 2027 (US$ Bn)
TABLE 37 Japan AT Market Value, By Sensor Technology, 2017 – 2027 (US$ Bn)
TABLE 38 Japan AT Market Value, By Level of Automation, 2017 – 2027 (US$ Bn)
TABLE 39 Japan AT Market Value, By ADAS Features, 2017 – 2027 (US$ Bn)
TABLE 40 India AT Market Value, By Sensor Technology, 2017 – 2027 (US$ Bn)
TABLE 41 India AT Market Value, By Level of Automation, 2017 – 2027 (US$ Bn)
TABLE 42 India AT Market Value, By ADAS Features, 2017 – 2027 (US$ Bn)
TABLE 43 Rest of Asia Pacific AT Market Value, By Sensor Technology, 2017 – 2027 (US$ Bn)
TABLE 44 Rest of Asia Pacific AT Market Value, By Level of Automation, 2017 – 2027 (US$ Bn)
TABLE 45 Rest of Asia Pacific AT Market Value, By ADAS Features, 2017 – 2027 (US$ Bn)
TABLE 46 RoW AT Market Value, By Sensor Technology, 2017 – 2027 (US$ Bn)
TABLE 47 RoW AT Market Value, By Level of Automation, 2017 – 2027 (US$ Bn)
TABLE 48 RoW AT Market Value, By ADAS Features, 2017 – 2027 (US$ Bn)
TABLE 49 RoW AT Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
TABLE 50 MEA AT Market Value, By Sensor Technology, 2017 – 2027 (US$ Bn)
TABLE 51 MEA AT Market Value, By Level of Automation, 2017 – 2027 (US$ Bn)
TABLE 52 MEA AT Market Value, By ADAS Features, 2017 – 2027 (US$ Bn)
TABLE 53 Latin America AT Market Value, By Sensor Technology, 2017 – 2027 (US$ Bn)
TABLE 54 Latin America AT Market Value, By Level of Automation, 2017 – 2027 (US$ Bn)
TABLE 55 Latin America AT Market Value, By ADAS Features, 2017 – 2027 (US$ Bn)
TABLE 56 Toyota Motor Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 57 Volkswagen AG: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 58 Isuzu Motors Limited: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 59 General Motors Company: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 60 Tesla, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 61 AB Volvo: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 62 Daimler AG: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 63 Continental AG: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 64 Other Companies: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

Frequently Asked Question:

What is the size of Autonomous Trucks Market?

The market for Autonomous Trucks Market is expected to reach USD$ 3.5 Bn in 2027.

What is the Autonomous Trucks Market CAGR?

The Autonomous Trucks Market is expected to see significant CAGR growth over the coming years, at 9.5% .

What is the Forecast period considered for Autonomous Trucks Market?

The report is forecasted from 2019 -2027.

What is the base year considered for Autonomous Trucks Market?

The base year of this report is 2018.

Who are the major players in this market?

Toyota Motor Corporation, Isuzu Motors Limited, Tesla, Inc., General Motors, AB Volvo, Continental AG, Daimler AG. are some of the major players in the global market.

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