The global automated truck market is valued at US$ 381.32 million in 2023 and is projected to reach US$ 2.78 billion by 2033, expanding at an impressive CAGR of 22% during the forecast period (2023–2033).
Automated trucks, also known as self-driving or autonomous trucks, operate without direct human intervention. Equipped with advanced technologies such as sensors, cameras, radar systems, and AI-driven algorithms, these trucks can analyze their surroundings, navigate efficiently, and make real-time driving decisions without human input. Their adoption is driven by the need for enhanced safety, reduced operational costs, and increased efficiency in freight transportation.
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Country-wise Insights
The United States has a vast transportation industry with a growing demand for cost-effective and efficient logistics solutions. Automated trucks offer a way to streamline operations, reduce transportation costs, and enhance supply chain efficiency.
As a result, companies in the U.S. are increasingly adopting autonomous trucking technologies to gain a competitive edge and improve profitability. The U.S. automated truck market is projected to reach US$ 704.72 million by 2033.
Moreover, the U.S. faces a shortage of truck drivers, driven by an aging workforce and the demanding nature of the job. This labor gap has heightened the need for autonomous trucks, which can help mitigate workforce shortages while ensuring seamless logistics operations.
Category-wise Insights
According to Fact.MR, a leading market research and competitive intelligence provider, demand for automated trucks in the logistics industry is projected to grow at a CAGR of 21.4% from 2023 to 2033.
Automated trucks offer significant cost-saving benefits for logistics companies by optimizing routes, improving fuel efficiency, and minimizing idle time. By adopting autonomous trucks, businesses can also reduce labor costs associated with driver wages, benefits, and compliance with working-hour regulations.
These trucks can operate continuously without breaks, leading to faster delivery times and enhanced logistics efficiency. Additionally, precise route programming and schedule adherence help eliminate delays and streamline operations, making automated trucking a game-changer for the logistics sector.
Competitive Landscape
Leading companies in the automated truck market are actively pursuing collaborations, acquisitions, investments, R&D initiatives, and technological advancements to strengthen their market position and drive innovation.
In 2021, Daimler Trucks introduced a scalable truck platform designed for autonomous driving, capable of producing SAE Level 4 self-driving trucks with advanced safety systems.
Additionally, in October 2020, Daimler and Waymo partnered to develop fully autonomous semi-trucks. This strategic collaboration enables Daimler to integrate Waymo’s cutting-edge autonomous driving technology into its vehicle lineup, reinforcing its leadership in the self-driving truck industry.
Key Segments of Automated Truck Industry Research
- By Sensor Type :
- Ultrasonic
- Radars
- Cameras
- LiDAR
- By Level of Autonomy :
- Level 1
- Level 2
- Level 3
- Level 4
- Level 5
- By Propulsion :
- Diesel
- Electric
- Gasoline
- Hybrid
- By Truck Type :
- Light Duty Trucks
- Medium Duty Trucks
- Heavy Duty Trucks
- By ADAS Feature :
- Adaptive Cruise Control
- Lane Keep Assist
- Automatic Emergency Braking
- Blind Spot Detection
- Intelligent Park Assist
- Highway Pilot
- Traffic Jam Assist
- By End Use :
- By Region :
- North America
- Latin America
- Europe
- Asia Pacific & China
- Middle East & Africa
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