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Autonomous Trucks Market Overview
By 2027, the size of the global Autonomous Trucks Market is expected to reach USD 2.5 billion, with a CAGR of 15.6%. North America is estimated to hold the largest share of the Autonomous Trucks Market around the world in 2017.
Robotic trucks and Self-driving trucks are other names for Autonomous Trucks. These trucks have all of the most important features of regular trucks. The self-driving system uses LIDAR (laser radar), infrared radars, and cameras. Also, they use incredibly accurate sensors, sophisticated motion sensors, and complex algorithms, among other things, to let the truck drive itself. Furthermore, the Autonomous Trucks Market is expected to grow quickly at the time of the market forecast period. Also, getting rid of traffic jams is a great market opportunity for Autonomous trucks.
Compared to the rest of the automotive industry, this part was not as affected by the COVID-19 pandemic. Due to the pandemic, the lockdown and stoppage of transportation around the world slowed down the demand for self-driving trucks a little bit. But as markets and trade slowly open up and the need for automation grows, the Autonomous Trucks Market hopes that the economy will get better.
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Autonomous Trucks Market Segmentation
The global Autonomous Trucks Market is split into different groups based on the level of automation, the ADAS features, the type of sensor, and the region.
The market is split into two groups: semi-autonomous trucks and fully autonomous trucks. This can be broken down into even more levels. Level one is the first step towards being able to drive by yourself. This driver assistance level means that most of the functions, like steering, accelerating, and stopping, are controlled by the automated assistance system. Also, human drivers are in charge of all the other parts of dynamic driving. For example, keeping an eye on the environment and taking over the support system when necessary. Level one automation also includes software that lets vehicles communicate with each other. This enables trucks to follow each other over short distances of 20 to 50 feet.
Autonomous Trucks Market Regional Classification
Autonomous Trucks Marketis the most advanced in North America. Some of the best tech companies, like Waymo, Intel, Uber, and Embark, are based in this area. These companies are working on making technology that can run on its own. Also, testing of self-driving cars has begun in some states in the US. This will make it possible to develop self-driving trucks even more. For example, Daimler tested the level 4 self-driving truck in Virginia, US. Also, most pickup trucks in the area have high-tech, semi-autonomous driving features. GMC and Ford are two of the most famous companies that make pickup trucks in the US. Soon, Tesla will put its “Cybertruck” on the market. It will have all the features of a semi-autonomous vehicle and also have an option to drive itself.
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Industry News
This study gives an in-depth look at the globalAutonomous Trucks Market,including current trends and predictions for the future. This shows where the best places to invest are right now.
To get a stronger foothold, it’s important to know the profitable trends and figure out how big the market as a whole could be.
The most important companies in the Autonomous Truck Market are Daimler AG, Tesla, TuSimple, Mercedes, and Volvo Group.
Key Players
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