Autonomous Truck Market growth projected to push value to USD 8.89 Billion by 2030

The Autonomous Truck Market was valued at USD 3.30 Billion in 2023 and is expected to register a CAGR of 15.2 % from 2024 to 2030.

This impressive growth is expected due to the utilization of advanced artificial intelligence (AI), machine learning, and sensor technologies to improve the efficiency and safety of autonomous trucking services.

Request Sample Link For More Details: https://www.maximizemarketresearch.com/request-sample/77884/

Market Size, Growth Factors and Scope

The growing e-commerce industry has increased the transportation quantity of goods around the world by many times, requiring faster and cheaper logistics solutions. Long-haul transportation with lower operational costs, an aspect that autonomous trucks fulfill. Technological innovation especially with the key change drivers, AI, and connectivity has been instrumental in the development of autonomous trucks that can make decisions on the go without human interference.

Strict government regulations regarding road safety and fuel efficiency are also contributing to the rise in autonomous trucks. As an example, policies promoting greenhouse gas emissions reductions fit nicely with the environmental benefits of autonomous-trucking technologies. The global truck driver shortage also opens up a major avenue for autonomous trucking uptake, ensuring that supply chains will still function despite (or might actually thrive as a result of) this shortage.

Navigating 2024's U.S. Market Trends and Investments

2024 was a big year for progress in autonomous trucking in the U.S. One notable event was that Volvo Autonomous Solutions in partnership with DHL Supply Chain began driverless truck operations between Dallas and Houston. Talos also says the trucks have Aurora Driver systems with far-reaching lidar and high-res cameras that can spot obstacles inside a nearly 360-degree circle. Safety drivers are there for the time being to oversee the system, but they will be expanding routes throughout Texas.

In addition, the partnership between Aurora Innovation, Nvidia and Continental aims to roll out self-driving trucks by incorporating a Nvidia DRIVE Thor system-on-a-chip into Aurora's driver. Together, they will bring transformational change to freight transportation, with the hardware to be manufactured at scale in 2027.

Get to Know More About This Market Study: https://www.maximizemarketresearch.com/market-report/global-autonomous-truck-market/77884/

Market division and Leading portions

Based on Level of Automation, the market is divided into Level 1, Level 2, Level 3, Level 4 and Level 5. Out of these, Level 4 automation, which is defined as "high" automation that is "full" under predetermined conditions (meaning there is no need for driver intervention) commands the highest market share. That domination is owed to the compromise it offers between the technological feasibility and achieveable operation efficiency. By type of vehicle, heavy-duty trucks dominate the market as they are mostly used in long-haul freight transport. Lidar (Light Detection and Ranging) - Lidar is the most commonly used sensor variety and is responsible for the high precision environment map essential for autonomous driving.

Competitor in Focus: The Top Five Companies at the Top of Their Game

Waymo: A subsidiary of Alphabet Inc., Waymo is recognized as one of the leaders in self-driving technology. Autonomous trucks: The company did a lot of testing units and development in the autonomous trucks to increase the safety and efficiency of the trucks using sophisticated AI systems.

Aurora Innovation: Leveraging Uber resources, Aurora has landed major partnerships with industry leaders like PACCAR and Volvo. More recently, the company announced a partnership with Nvidia and Continental to deploy self-driving trucks using the computing platforms with mass production to begin in 2027.

Daimler Trucks North America is the only manufacturer in heavy-duty, long-haul trucking to offer a fully integrated suite of connected vehicle services that work to maximize performance and safety while laying the groundwork for a future of automated driving. The company developed technologies bettering road safety and freight efficiencies.

Einride: The Swedish-based start-up Einride is in talks for a U.S. stock market listing which could value the company at more than $5 billion. OperatingIn the UAE, Einride has also recently launched one of the largest autonomous truck project signifying its growth on the global scale.

Volvo Autonomous Solutions: Volvo has teamed up with DHL Supply Chain to hit the road on freight trucks that operate without a driver on part of the Dallas-Houston route using the Aurora Driver and controlled remotely. The program is intended to further autonomous technology evolution while working to help ensure safe operations, and more routes are planned for Texas.

Request Sample Link For More Details: https://www.maximizemarketresearch.com/request-sample/77884/

Segmentation by geographical region: USA, UK, Germany, France, Japan, China

USTA at a glance: The USATA is far ahead of the curve regarding autonomous trucks, as the market size is projected to reach USD 78.63 billion by 2030, growing at a rate of 19.56% annually from 2023 to 2030. The growth of this has been supported by enabling government regulations, and massive investments in infrastructure.

United Kingdom: The UK is one of the most progressive markets as there have been regulatory frameworks which move to support autonomy testing and deployment. Local initiatives to make UK a leading destination in global autonomous technology investment, innovation and deployment.

Germany: With its standing in the automotive world, Germany is obviously on-board with autonomous trucking; Daimler has been spearheading efforts There. The market growth can be attributed to reinforcement of government policies to promote innovation and a high focus on road safety.

France: With heavy investment in smart infrastructures and creation of regulations to assure adaptive pathways for autonomous vehicles. Joint efforts between the public and private sectors have played a critical role in pushing autonomous trucking initiatives forward.

Japan: Japan has been dealing with a dwindling workforce and has begun using autonomous trucks to fill gaps in the logistics industry. The growth of government support and technology evolution have quickened the shift towards the implementation of autonomous trucking solutions.

Explore our top-performing reports on the latest trends:

♦ E-Rickshaw Market https://www.maximizemarketresearch.com/market-report/global-e-rickshaw-market/72844/

♦ Vehicle Roadside Assistance Market https://www.maximizemarketresearch.com/market-report/vehicle-roadside-assistance-market/39558/

♦ Ship Repair and Maintenance Services Market https://www.maximizemarketresearch.com/market-report/global-ship-repair-and-maintenance-services-market/104905/

♦ Mexico Electric Car Market https://www.maximizemarketresearch.com/market-report/mexico-electric-car-market/65381/

♦ Brush DC motors Market https://www.maximizemarketresearch.com/market-report/global-brush-dc-motors-market/71704/

Contact Maximize Market Research:

MAXIMIZE MARKET RESEARCH PVT. LTD.

⮝ 3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
✆ +91 9607365656
sales@maximizemarketresearch.com
www.maximizemarketresearch.com

About Maximize Market Research:

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

This release was published on openPR.