Autonomous Trucks Market is Expected to be Dominated by North America

NEW YORK - July 13, 2018 - PRLog -- According to Goldstein Research, Global autonomous trucks market is anticipated to grow at a CAGR of +39% over the forecast period 2016-2024. Moreover, by 2020, the first batch of autonomous vehicles is anticipated to be deployed on the roads of the US and Western Europe. Once the self-driving market is positioned to deploy at the significant pace it is projected to witness more than 600,000 unit sales of autonomous vehicles. On the other hand, a major growth factor for global autonomous trucks market is swiftly growing investments and R&D activities by automotive and tech companies coupled with favorable government policies for faster development and deployment of autonomous vehicles. However, data security and privacy concerns and technology glitches are some of the major challenges which will restrain the market growth during the forecast period. Autonomous trucks market segmentation has been done on the basis of technology type, components, and geography.

Based on technology, driver assistance and semi-autonomous trucks are predictable to dominate the autonomous/self-driving trucks market across the globe during the forecast period. Autonomous trucks market is further expected to be dominated by North America as the deployment of self-driving cars in the U.S. will begin with several thousand autonomous vehicles by 2020, which is expected to grow nearly 4.5 million vehicles by 2035. Moreover, Western Europe with a little more than 3 million autonomous vehicles expected to be sold by 2035.

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Market Segmentation
On the basis of our in-depth analysis, Global Autonomous Trucks Market can be segmented and sub-segmented as follows:
By Technology Type

• Driver Assistance
• Semi-Automation
• High Automation
• Full Automation
By Components

• Software

• Applications
• Operating systems

• Hardware

• Cameras
• GPS systems
• Communication Systems
• Sensors

• Radars
• LIDARs
• Wheel Speed Sensors
• Ultrasonic
• Others

Based on Region

• North America (United States, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
• Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• The Asia Pacific autonomous trucks Market(China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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"Autonomous Trucks Market Outlook 2024" contains a detailed overview of the global autonomous trucks market. On the basis of our in-depth analysis, a market can be segmented in terms of market segmentation by technology type and components.

Further, for the in-depth analysis, Global Autonomous Trucks Market Report technology and end-user encompass the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter's five force model and SWOT analysis.

This industry analysis report also includes competitive outlook of some of the major players profiling of companies such as AB Volvo, Robert Bosch GmbH, Delphi Automotive PLC, Google Inc, Uber Technologies Inc., Tesla Inc., Volkswagen AG, Daimler AG, Einride, Embark, PACCAR Inc., etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments.

The objective of the Report:

To analyze and forecast market size of autonomous trucks market.

To calculate the expected growth rate of autonomous trucks market.

To classify and forecast autonomous trucks market based on technology type, components, and geography.

To identify market key players, driving factors, & trends of autonomous trucks market with the help of SWOT Analysis.

To identify and analyze the profiles of leading players involved in the manufacturing and supplying of autonomous trucks market.

To identify market opportunities for the existing and entry-level players.

Overall, the report represents the global autonomous trucks market trends along with a market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

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