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Global Semi-Autonomous and Autonomous Truck Market to Grow at a CAGR of 27.50% During 2024-2032, Aided by the Rapid Technological Advancements

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Semi-Autonomous and Autonomous Truck Market

Global Semi-Autonomous and Autonomous Truck Market Share: By Sensor Type: LiDAR, Radar, Image, Ultrasonic, Others; By Application: Last Mile Delivery Truck, Mining Truck; By ADAS Feature: Adaptive Cruise Control (ACC), Others; By Level of Automation; By Propulsion Type; By Truck Class; Regional Analysis; Competitive Landscape; 2024-2032

Global Semi-Autonomous and Autonomous Truck Market Outlook

The global semi-autonomous and autonomous truck market is expected to grow in the forecast period of 2024-2032 at a CAGR of 27.50%.

 

The Asia Pacific to be one of the Leading Regions in the Semi-Autonomous and Autonomous Truck Industry

The Asia Pacific is expected to witness a robust growth in the forecast period. This can be associated with China and Japan's rapid progress toward vehicle automation, especially mining and delivery trucks, and increasing safety regulations by various countries. The Asia Pacific is expected to be one of the fastest-growing regions in both the semi-autonomous and autonomous truck industry during the forecast period.

 

Global Semi-Autonomous and Autonomous Truck Market

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South Korea's Transport Ministry has mandated autonomous emergency braking and lane departure warning systems in passenger cars beginning from January 2019 and in trucks and other vehicles starting from July 2021. Meanwhile, North America is a pioneer in autonomous technology, pickup trucks, which are equipped with innovative semi-autonomous features. The leading automotive manufacturing companies such as Ford and General Motors are increasingly providing pickup trucks services in the region. These factors are expected to aid the global semi-autonomous and autonomous truck industry in the forecast period.

 

Semi-Autonomous and Autonomous Truck: Market Segmentation

Automated trucks can do all the driving with minimal human interference in certain circumstances. The system controls the steering, acceleration, and braking, further monitoring the driving environment, along with dynamic driving tasks. On the other hand, in the case of semi-autonomous trucks, the driver is responsible for driving the vehicle while the technology is utilised to provide the driver with advanced safety features.

 

Global Semi-Autonomous and Autonomous Truck Market

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By sensor type, the market can be distributed into:

  • LiDAR
  • Radar
  • Image
  • Ultrasonic
  • Others

The market can be broadly categorised, on the basis of application, into:

  • Last Mile Delivery Truck
  • Mining Truck

On the basis of ADAS feature, the market can be segregated into:

  • Adaptive Cruise Control (ACC)
  • Automatic Emergency Braking (AEB)
  • Blind Spot Detection (BSD)
  • Intelligent Park Assist (IPA)
  • Lane Keep Assist (LKA)
  • Traffic Jam Assist (TJA)
  • Highway Pilot (HP)

On the basis of level of automation, the market can be segmented into:

  • Level 1
  • Level 2 and 3
  • Level 4
  • Level 5

Based on propulsion type, the market can be classified into:

  • Diesel 
  • Electric
  • Hybrid

On the basis of truck class, the market can be divided:

  • Class 1- Class 3(Light Duty Truck)
  • Class 4- Class 6 (Medium Duty Truck)
  • Class 7 and Class 8

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Semi-Autonomous and Autonomous Truck Market

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Growing Adoption of Emerging Technologies to Augment the Growth of the Global Semi-Autonomous and Autonomous Truck Industry

Autonomous trucks provide improved safety, efficiency, and productivity and offer the potential to drastically reduce the frequency of road accidents. These vehicles observe the road safety rules and maintain a safe distance from other vehicles. These trucks, thus, assist in reducing the issues of traffic congestion while also increasing vehicle efficiency. Additionally, major corporations can reduce their total costs by utilising autonomous last-mile delivery trucks. Another major factor, which is expected to drive the demand for autonomous trucks for last-mile delivery applications is the reduced availability of delivery drivers and staff, as well as an increase in e-commerce activities. In addition, the increased logistic activities are also projected to lead to the growth of the semi-autonomous and autonomous truck industry in the forecast period.

 

Key Industry Players in the Global Semi-Autonomous and Autonomous Truck Market

The report presents a detailed analysis of the following key players in the global semi-autonomous and autonomous truck market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • AB Volvo
  • Robert Bosch GmbH
  • Continental AG
  • NVIDIA Corporation
  • Tesla, Inc.
  • Embark Trucks, Inc.
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Sensor Type
  • Application
  • ADAS Feature
  • Level of Automation
  • Propulsion Type
  • Truck Class
  • Region
Breakup by Sensor Type
  • LiDAR
  • Radar
  • Image
  • Ultrasonic
  • Others
Breakup by Application
  • Last Mile Delivery Truck
  • Mining Truck
Breakup by ADAS Feature
  • Adaptive Cruise Control (ACC)
  • Automatic Emergency Braking (AEB)
  • Blind Spot Detection (BSD)
  • Intelligent Park Assist (IPA)
  • Lane Keep Assist (LKA)
  • Traffic Jam Assist (TJA)
  • Highway Pilot (HP)
Breakup by Level of Automation
  • Level 1
  • Level 2 and 3
  • Level 4
  • Level 5
Breakup by Propulsion Type
  • Diesel
  • Electric
  • Hybrid
Breakup by Truck Class
  • Class 1- Class 3 (Light Duty Truck)
  • Class 4- Class 6 (Medium Duty Truck)
  • Class 7 and Class 8
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • AB Volvo
  • Robert Bosch GmbH
  • Continental AG
  • NVIDIA Corporation
  • Tesla, Inc.
  • Embark Trucks, Inc.
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface  
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Semi-Autonomous and Autonomous Truck Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Semi-Autonomous and Autonomous Truck Historical Market (2018-2023) 
    8.3    Global Semi-Autonomous and Autonomous Truck Market Forecast (2024-2032)
    8.4    Global Semi-Autonomous and Autonomous Truck Market by Sensor Type
        8.4.1    LiDAR
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Radar
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Image
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Ultrasonic
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
        8.4.5    Others
    8.5    Global Semi-Autonomous and Autonomous Truck Market by Application
        8.5.1    Last Mile Delivery Truck
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Mining Truck
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
    8.6    Global Semi-Autonomous and Autonomous Truck Market by ADAS Feature
        8.6.1    Adaptive Cruise Control (ACC)
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Automatic Emergency Braking (AEB)
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Blind Spot Detection (BSD)
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Intelligent Park Assist (IPA)
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Lane Keep Assist (LKA)
            8.6.5.1    Historical Trend (2018-2023)
            8.6.5.2    Forecast Trend (2024-2032)
        8.6.6    Traffic Jam Assist (TJA)
            8.6.6.1    Historical Trend (2018-2023)
            8.6.6.2    Forecast Trend (2024-2032)
        8.6.7    Highway Pilot (HP)
            8.6.7.1    Historical Trend (2018-2023)
            8.6.7.2    Forecast Trend (2024-2032)
    8.7    Global Semi-Autonomous and Autonomous Truck Market by Level of Automation
        8.7.1    Level 1
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Level 2 and 3
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Level 4
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Level 5
            8.7.4.1    Historical Trend (2018-2023)
            8.7.4.2    Forecast Trend (2024-2032)
    8.8    Global Semi-Autonomous and Autonomous Truck Market by Propulsion Type
        8.8.1    Diesel
            8.8.1.1    Historical Trend (2018-2023)
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Electric
            8.8.2.1    Historical Trend (2018-2023)
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Hybrid
            8.8.3.1    Historical Trend (2018-2023)
            8.8.3.2    Forecast Trend (2024-2032)
    8.9    Global Semi-Autonomous and Autonomous Truck Market by Truck Class
        8.9.1    Class 1- Class 3 (Light Duty Truck)
            8.9.1.1    Historical Trend (2018-2023)
            8.9.1.2    Forecast Trend (2024-2032)
        8.9.2    Class 4- Class 6 (Medium Duty Truck)
            8.9.2.1    Historical Trend (2018-2023)
            8.9.2.2    Forecast Trend (2024-2032)
        8.9.3    Class 7 and Class 8
            8.9.3.1    Historical Trend (2018-2023)
            8.9.3.2    Forecast Trend (2024-2032)
    8.10    Global Semi-Autonomous and Autonomous Truck Market by Region       
        8.10.1    North America
            8.10.1.1    Historical Trend (2018-2023) 
            8.10.1.2    Forecast Trend (2024-2032)
        8.10.2    Europe
            8.10.2.1    Historical Trend (2018-2023) 
            8.10.2.2    Forecast Trend (2024-2032)
        8.10.3    Asia Pacific
            8.10.3.1    Historical Trend (2018-2023) 
            8.10.3.2    Forecast Trend (2024-2032)
        8.10.4    Latin America
            8.10.4.1    Historical Trend (2018-2023) 
            8.10.4.2    Forecast Trend (2024-2032)
        8.10.5    Middle East and Africa
            8.10.5.1    Historical Trend (2018-2023) 
            8.10.5.2    Forecast Trend (2024-2032) 
9    North America Semi-Autonomous and Autonomous Truck Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Semi-Autonomous and Autonomous Truck Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Semi-Autonomous and Autonomous Truck Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Semi-Autonomous and Autonomous Truck Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Semi-Autonomous and Autonomous Truck Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    AB Volvo
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Robert Bosch GmbH
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Continental AG
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    NVIDIA Corporation
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Tesla, Inc.
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Embark Trucks, Inc.
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Semi-Autonomous and Autonomous Truck Market: Key Industry Highlights, 2018 and 2032
2.    Global Semi-Autonomous and Autonomous Truck Historical Market: Breakup by Sensor Type (USD Million), 2018-2023
3.    Global Semi-Autonomous and Autonomous Truck Market Forecast: Breakup by Sensor Type (USD Million), 2024-2032
4.    Global Semi-Autonomous and Autonomous Truck Historical Market: Breakup by Application (USD Million), 2018-2023
5.    Global Semi-Autonomous and Autonomous Truck Market Forecast: Breakup by Application (USD Million), 2024-2032
6.    Global Semi-Autonomous Truck Historical Market: Breakup by ADAS Feature (USD Million), 2018-2023
7.    Global Semi-Autonomous Truck Market Forecast: Breakup by ADAS Feature (USD Million), 2024-2032
8.    Global Semi-Autonomous and Autonomous Truck Historical Market: Breakup by Level of Automation (USD Million), 2018-2023
9.    Global Semi-Autonomous and Autonomous Truck Market Forecast: Breakup by Level of Automation (USD Million), 2024-2032
10.    Global Semi-Autonomous and Autonomous Truck Historical Market: Breakup by Propulsion Type (USD Million), 2018-2023
11.    Global Semi-Autonomous and Autonomous Truck Market Forecast: Breakup by Propulsion Type (USD Million), 2024-2032
12.    Global Semi-Autonomous and Autonomous Truck Historical Market: Breakup by Truck Class (USD Million), 2018-2023
13.    Global Semi-Autonomous and Autonomous Truck Market Forecast: Breakup by Truck Class (USD Million), 2024-2032
14.    Global Semi-Autonomous and Autonomous Truck Historical Market: Breakup by Region (USD Million), 2018-2023
15.    Global Semi-Autonomous and Autonomous Truck Market Forecast: Breakup by Region (USD Million), 2024-2032
16.    North America Semi-Autonomous and Autonomous Truck Historical Market: Breakup by Country (USD Million), 2018-2023
17.    North America Semi-Autonomous and Autonomous Truck Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Europe Semi-Autonomous and Autonomous Truck Historical Market: Breakup by Country (USD Million), 2018-2023
19.    Europe Semi-Autonomous and Autonomous Truck Market Forecast: Breakup by Country (USD Million), 2024-2032
20.    Asia Pacific Semi-Autonomous and Autonomous Truck Historical Market: Breakup by Country (USD Million), 2018-2023
21.    Asia Pacific Semi-Autonomous and Autonomous Truck Market Forecast: Breakup by Country (USD Million), 2024-2032
22.    Latin America Semi-Autonomous and Autonomous Truck Historical Market: Breakup by Country (USD Million), 2018-2023
23.    Latin America Semi-Autonomous and Autonomous Truck Market Forecast: Breakup by Country (USD Million), 2024-2032
24.    Middle East and Africa Semi-Autonomous and Autonomous Truck Historical Market: Breakup by Country (USD Million), 2018-2023
25.    Middle East and Africa Semi-Autonomous and Autonomous Truck Market Forecast: Breakup by Country (USD Million), 2024-2032
26.    Global Semi-Autonomous and Autonomous Truck Market Structure

Key Questions Answered in the Report

What is the growth rate of the global semi-autonomous and autonomous truck market?

The global semi-autonomous and autonomous truck market is projected to grow at a CAGR of 27.50% between 2024 and 2032.

What are the major industry drivers?

The rising use of semi-autonomous and autonomous trucks in the logistics industry for the delivery of goods to increase efficiency is driving the market growth.

What are the key industry trends of the global semi-autonomous and autonomous truck market?

The market growth in the forecast period can be ascribed to the robust integration of advanced technology to improve safety, efficiency, and productivity of the vehicles used in road transportation.

What are the major regional markets of semi-autonomous and autonomous truck, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the market segmentations based on sensor types?

The market segmentations based on sensor types are LiDAR, radar, image, and ultrasonic, among others.

What are the major applications of semi-autonomous and autonomous truck?

The major applications of semi-autonomous and autonomous truck include last mile delivery truck and mining truck.

What are the significant ADAS features of semi-autonomous and autonomous truck?

The significant ADAS features of semi-autonomous and autonomous truck are adaptive cruise control (ACC), automatic emergency braking (AEB), blind spot detection (BSD), intelligent park assist (IPA), lane keep assist (LKA) traffic jam assist (TJA), and highway pilot (HP).

What are the different levels of automation of semi-autonomous and autonomous truck?

The different levels of automation of semi-autonomous and autonomous truck are level 1, level 2 and 3, level 4, and level 5.

What are the various propulsion types of semi-autonomous and autonomous truck?

The various propulsion types of semi-autonomous and autonomous truck are diesel, electric, and hybrid.

What are the major truck classes of semi-autonomous and autonomous trucks?

The major truck classes of semi-autonomous and autonomous trucks include class 1-class 3 (light duty truck), class 4- class 6 (medium duty truck), and class 7 and class 8.

Who are the key industry players, according to the report?

The major players in the industry are AB Volvo, Robert Bosch GmbH, Continental AG, NVIDIA Corporation, Tesla, Inc., and Embark Trucks, Inc., among others.

Analyst Review

The global semi-autonomous and autonomous truck market is being driven by the rising demand for the trucks in logistic industry. Aided by the increasing integration of latest technologies in semi-autonomous and autonomous trucks, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 27.50%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of sensor type, the semi-autonomous and autonomous truck industry can be segmented into LiDAR, radar, image, and ultrasonic, among others. Based on application, the market is divided into last mile delivery truck and mining truck. On the basis of ADAS features, the market can be categorised into adaptive cruise control (ACC), automatic emergency braking (AEB), blind spot detection (BSD), intelligent park assist (IPA), lane keep assist (LKA), traffic jam assist (TJA), and highway pilot (HP). By level of automation, the market can be divided into level 1, level 2 and 3, level 4, and level 5. On the basis of propulsion type, the market can be segmented into diesel, electric, and hybrid. Based on truck class, the market can be classified into class 1-class 3 (light duty truck), class 4- class 6 (medium duty truck), and class 7 and class 8. The major regional markets for semi-autonomous and autonomous truck are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include AB Volvo, Robert Bosch GmbH, Continental AG, NVIDIA Corporation, Tesla, Inc., and Embark Trucks, Inc., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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