Self-driving Truck Market Size 2025-2029
The self-driving truck market size is forecast to increase by USD 52.3 billion, at a CAGR of 19.3% between 2024 and 2029.
The global self-driving truck market continues to evolve, supported by advancements in autonomous driving technologies. Innovations in AI, machine learning, and sensor fusion technologies are improving real-time decision making and operational efficiency. The integration of sophisticated AI and machine learning algorithms forms the cognitive basis of the automated guided vehicle (AGV) market, allowing for enhanced environmental perception and complex maneuver execution. These ai in self-driving cars technologies are critical for progressing from lower automation levels to fully driverless operations in the industrial truck market, aiming to surpass human driving capabilities by eliminating factors like fatigue.This progression is essential for creating robust autonomous systems for heavy-duty trucks that can navigate unpredictable real-world scenarios. However, the path to widespread adoption is complicated by a fragmented and complex regulatory landscape. This legislative uncertainty creates significant compliance challenges, particularly for interstate commerce, and extends to unresolved issues of liability and insurance. The lack of a harmonized legal framework for self-driving truck market and its related truck-as-a-service models remains a formidable challenge, deterring investment and delaying large-scale deployment across various regions.
What will be the Size of the Self-driving Truck Market during the forecast period?
Explore in-depth regional segment analysis with market size data - historical 2019 - 2023 and forecasts 2025-2029 - in the full report.
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The global self-driving truck market is characterized by the ongoing integration of advanced autonomous driving technologies and sensor fusion technologies. Development focuses on enhancing real-time decision making and environmental perception through sophisticated lidar and radar systems. The industrial truck market is benefiting from these advancements, particularly in remote fleet monitoring and the application of predictive analytics. These systems, supported by v2x communication, are foundational to improving operational efficiencies and ensuring the reliability of heavy-duty trucks. The evolution of cloud-based simulation and digital twin technology is also playing a crucial role in validating algorithm reliability before deployment in real-world scenarios.A key area of development is the refinement of machine learning algorithms to handle complex driving environments and ensure robust data protection through advanced cybersecurity solutions. The focus on reducing operational costs and increasing fuel efficiency is driving the adoption of autonomous trucking technology, which promises significant returns by addressing chronic driver shortages. The establishment of clear regulatory frameworks is critical for enabling the large-scale deployment of these systems, especially for interstate commerce. The development of advanced driver-assistance systems serves as a stepping stone toward full high automation, building confidence in the technology's safety and performance in the pickup truck and heavy-duty trucks steering system market.Progress in platooning technology and synchronized braking is enhancing efficiency by reducing aerodynamic drag and lowering carbon emissions. The development of Level 4 autonomous systems for hub-to-hub operations is a primary focus, supported by extensive testing of ai-powered systems. These efforts are part of a broader movement towards creating a semi-autonomous ecosystem where human operators and automated systems work in concert. The automated guided vehicle (AGV) software market is also influencing developments in middle-mile logistics and autonomous yard trucks, showcasing the diverse applications of this technology. The establishment of clear liability and insurance protocols is essential for mitigating risks and encouraging wider adoption.
How is this Self-driving Truck Industry segmented?
The self-driving truck industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029, as well as historical data from 2019 - 2023 for the following segments.
- End-user
- Logistics
- Construction and manufacturing
- Mining
- Port
- Technology
- Level 1
- Level 3
- Level 4
- Level 5
- Propulsion
- Internal combustion
- Hybrid transmission
- Electric transmission
- Geography
- North America
- APAC
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Europe
- Germany
- UK
- France
- Italy
- The Netherlands
- Spain
- South America
- Middle East and Africa
- Rest of World (ROW)
By End-user Insights
The logistics segment is estimated to witness significant growth during the forecast period.
The logistics segment is the most dynamic application for the global self-driving truck market, shaped by a persistent shortage of qualified drivers, rising operational costs, and the demand for more efficient supply chains. The primary operational model gaining traction is the hub-to-hub system, where autonomous trucks handle highway driving between transfer hubs. This approach maximizes automation benefits by focusing on predictable parts of a journey, with human drivers managing final-mile delivery. The segment accounts for approximately 50% of the market.
The potential for significant cost reductions is a powerful impetus for adoption. Autonomous systems can operate nearly continuously, increasing asset utilization and shortening transit times. Key autonomous driving technologies such as real-time decision making and sensor fusion technologies are critical for these operations. The development of cloud-based simulation and predictive analytics further accelerates commercialization. These factors signal a clear transition from pilot programs to scalable commercial operations that are set to redefine the economics and operational realities of the logistics segment.
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The Logistics segment was valued at USD 14.8 billion in 2019 and showed a gradual increase during the forecast period.
Regional Analysis
North America is estimated to contribute 49.0% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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North America currently represents the most significant market for self-driving truck technology, benefiting from high technological adoption rates, substantial investment in research and development, and a pressing need to address a chronic shortage of truck drivers. The region's vast highway system provides an ideal operational domain for autonomous driving, facilitating extensive testing. Key states have established permissive regulatory frameworks that encourage the deployment of autonomous freight hauling. North America accounts for 49% of the incremental growth in the market, highlighting its dominant position.
Consequently, a robust ecosystem of technology developers and logistics companies is actively conducting revenue-generating operations in North America. The market is populated by key players forming strategic partnerships to accelerate commercialization. Advanced driver-assistance systems and remote fleet monitoring are becoming standard. However, the regulatory landscape is not uniformly permissive, with ongoing debates surrounding safety and labor displacement. The proactive stance in many areas, combined with clear efficiency benefits, continues to drive the market forward in the region.
Market Dynamics
Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The pursuit of SAE Level 4 autonomous truck development is accelerating, driven by advancements in core technologies. Robust sensor data processing for perception is fundamental, complemented by AI for predictive behavior modeling to anticipate road user actions. Precise navigation relies on a combination of high-definition mapping for autonomy and real-time kinematic positioning systems. The role of 5G in autonomous trucking is critical for enabling low-latency data transfer, which supports effective V2I communication for traffic management. Before deployment, extensive simulation testing for autonomous trucks is conducted to validate performance. To ensure operational safety, developers are implementing failsafe redundant control systems and addressing cybersecurity for autonomous vehicle networks to protect against threats.Successfully optimizing logistics with autonomous fleets promises a significant economic impact of driverless freight, particularly through enhanced autonomous truck platooning fuel economy. However, major hurdles persist, including the challenges in autonomous urban navigation and the impact of weather on autonomous sensors. Establishing clear maintenance protocols for autonomous trucks and an intuitive human-machine interface in autonomous trucks are vital for seamless integration. Concurrently, the industry must navigate the evolving legal framework for autonomous logistics and proactively build public trust in automated trucking safety. A crucial societal consideration is the strategy for transitioning workforce for autonomous trucking to mitigate job displacement and ensure a smooth industry evolution.
What are the key market drivers leading to the rise in the adoption of Self-driving Truck Industry?
- Advancements in autonomous driving technologies, including AI, sensor fusion, and high-speed connectivity, are a key driver for the market's expansion.
Advancements in autonomous driving technologies are central to the market's development. Continuous innovation in AI and machine learning enables vehicles to interpret complex environments, make real-time decisions, and enhance operational safety. Enhanced sensor fusion technologies, including LiDAR, radar, and advanced camera systems, expand the capability of trucks to detect and respond to their surroundings. The adoption of cloud-based simulation and digital twin technology accelerates development by allowing manufacturers to test numerous virtual driving scenarios, improving algorithm reliability and reducing the need for extensive on-road validation. Additionally, the integration of robust cybersecurity solutions strengthens data protection and ensures secure vehicle operations.The compelling economic advantages of autonomous trucking technology are a primary adoption driver. These financial incentives include significant reductions in operational costs, improved fuel efficiency, and a solution to chronic driver shortages. The potential for a substantial return on investment is prompting logistics companies to explore self-driving solutions. Analysis indicates that the total cost of ownership for heavy-duty autonomous trucks could be reduced by as much as 42% per mile on long-haul routes. This reduction is attributed to savings on driver salaries and lower fuel and repair costs from optimized driving patterns. Real-world data is beginning to substantiate these economic benefits, with autonomous technology enhancing energy efficiency through optimized highway speeds and eco-driving techniques.
What are the market trends shaping the Self-driving Truck Industry?
- The accelerated integration of sophisticated artificial intelligence and machine learning algorithms is a paramount trend fueling the development of autonomous trucks.
The accelerated integration of sophisticated artificial intelligence and machine learning algorithms is a important trend within the global self-driving truck market. These technologies are the cognitive foundation of autonomous trucks, enabling them to perceive their environment, predict the behavior of other road users, and execute complex driving maneuvers safely and efficiently. AI and ML are instrumental in processing the vast data from a truck's sensor array, including LiDAR and cameras, to create a comprehensive understanding of the surroundings. This capability goes beyond replicating human driving by eliminating factors like fatigue and distraction. The evolution of these ai in self-driving cars technologies is leading to more robust and reliable level 4 autonomous systems capable of navigating complex real-world scenarios.Platooning, which links trucks in a convoy using connectivity and automated driving systems, is a significant trend in the logistics industry. This approach uses vehicle-to-vehicle communication to synchronize acceleration and braking, allowing trucks to travel in close proximity. The primary benefits are substantial fuel savings of around 10% and reduced carbon emissions, achieved by minimizing aerodynamic drag for following vehicles in the industrial truck market. This technology is a crucial step toward full autonomy, enabling the gradual introduction of autonomous features. The advancement of platooning is tied to developing robust V2V communication systems and sophisticated control algorithms to ensure safety and reliability for the automated guided vehicle (AGV) market.
What challenges does the Self-driving Truck Industry face during its growth?
- Regulatory and legal uncertainty, stemming from a complex and fragmented landscape, presents a primary impediment to the global proliferation of self-driving truck technology.
A primary challenge for the global self-driving truck market is the complex and fragmented regulatory landscape. A patchwork of state-level regulations creates significant compliance difficulties for nationwide deployment, complicating interstate commerce. The absence of a comprehensive federal mandate results in a disjointed legal environment, illustrated by disputes over safety certification protocols that have delayed several autonomous trucking pilots. Draft guidelines for autonomous trucking on interstate highways have met resistance, further delaying a unified approach. This legislative uncertainty extends to critical issues of liability and insurance, as determining fault in a collision involving a self-driving truck remains a contentious legal question with ambiguity around responsibility, creating significant risk for operators.The successful integration of self-driving trucks is heavily dependent on public trust, which remains a significant challenge. Widespread apprehension about the safety and reliability of autonomous technology has been fueled by well-publicized incidents involving autonomous vehicles. A survey highlighted that 62% of people believe autonomous trucks will make highways more dangerous, fearing that faulty technology could lead to accidents. These fears are compounded by ongoing investigations into existing advanced driver-assistance systems. Such instances erode confidence in the foundational technologies upon which full autonomy is built. Without gaining substantial public confidence, the widespread adoption of autonomous trucks on public roads will face immense societal and political opposition.
Exclusive Customer Landscape
The self-driving truck market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the self-driving truck market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Key Companies & Market Insights
Companies are implementing various strategies, such as strategic alliances, self-driving truck market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
AB Volvo - The company provides autonomous electric vehicles designed as cabless, self-driving platforms for freight transportation on both public and private roadways. This offering is part of a comprehensive, AI-powered freight technology platform that enables a transition to cost-efficient, sustainable logistics through digital, electric, and autonomous solutions, complemented by smart charging infrastructure and intelligent planning software.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
- AB Volvo
- Caterpillar Inc.
- Continental AG
- Daimler Truck AG
- Einride AB
- Ford Motor Co.
- Inceptio Technology
- Isuzu Motors Ltd.
- Iveco Group N.V
- Kodiak Robotics Inc.
- PACCAR Inc.
- PlusAI Inc.
- Tesla Inc.
- Torc Robotics Inc.
- Traton SE
- Volkswagen AG
- Waymo LLC
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Recent Development and News in Self-Driving Truck Market
In July 2024, Kodiak Robotics completed its first-ever driverless commercial delivery for a customer in Texas, operating a heavy-duty truck without a human safety operator on board for the entire journey.In April 2024, MAN Truck & Bus, along with twelve partners in the ATLAS-L4 project, successfully conducted the first highway test drive of an autonomous truck in Germany, demonstrating the feasibility of hub-to-hub transport automation.In April 2024, Aurora Innovation officially launched its commercial driverless trucking service, Aurora Horizon, conducting regular freight deliveries for customers without a safety driver between Dallas and Houston, Texas.In February 2024, Volvo Autonomous Solutions announced a strategic partnership with Waabi to develop and deploy a Level 4 autonomous trucking solution, integrating Waabi's AI-powered driver system into Volvo's VNL autonomous truck platform.
Research Analyst Overview
The evolution of the global self-driving truck market is defined by the integration of autonomous driving technologies. Systems combining LIDAR and RADAR systems with advanced camera systems enable real-time decision making through sophisticated sensor fusion technologies. This technological convergence supports applications such as platooning technology, where vehicle-to-vehicle communication facilitates synchronized braking and reduces aerodynamic drag. The continuous improvement of autonomous trucking technology relies heavily on over-the-air software updates and robust cybersecurity solutions. Development is accelerated using cloud-based simulation and digital twin technology, which allow for extensive testing before deployment. V2X communication further enhances safety and coordination, enabling a more connected operational framework for commercial vehicles.The progression toward high automation, including level 4 autonomous systems, is reshaping logistics through applications like hub-to-hub operations and the deployment of autonomous haulage systems. These advancements address chronic driver shortages and target reductions in operational costs. Autonomous terminal tractors are increasingly utilized in controlled environments like internal transport loops, contributing to a lower total cost of ownership. Optimized driving patterns, managed through predictive analytics and remote fleet monitoring, result in increased fuel efficiency. The integration of electric powertrain systems is complemented by advanced driver-assistance systems and a remote teleoperation platform, while concepts like an automated freight guideway and autonomous delivery robots rely on developing smart road infrastructure. Industry analysis indicates an anticipated expansion of over 25% in system adoption.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Self-driving Truck Market insights. See full methodology.
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Market Scope
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Report Coverage
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Details
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Page number
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307
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Base year
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2024
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Historic period
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2019 - 2023 |
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Forecast period
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2025-2029
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Growth momentum & CAGR
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Accelerating at a CAGR of 19.3%
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Market growth 2024-2029
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USD 52.3 billion
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Market structure
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Fragmented
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YoY growth 2024-2029(%)
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14.8%
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Key countries
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US, Canada, Mexico, China, Japan, India, South Korea, Australia, Indonesia, Germany, UK, France, Italy, The Netherlands, Spain, Brazil, Argentina, Colombia, Saudi Arabia, UAE, South Africa, Israel, Turkey
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Competitive landscape
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Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
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What are the Key Data Covered in this Self-driving Truck Market Research and Growth Report?
- CAGR of the Self-driving Truck industry during the forecast period
- Detailed information on factors that will drive the growth and forecasting between 2024 and 2029
- Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
- Accurate predictions about upcoming growth and trends and changes in consumer behaviour
- Growth of the market across North America, APAC, Europe, South America, Middle East and Africa
- Thorough analysis of the market’s competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the self-driving truck market growth of industry companies
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1 Executive Summary
- 1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Market Segmentation by Technology
- Executive Summary - Chart on Market Segmentation by Propulsion
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- Chart on Overview on criticality of inputs and factors of differentiation
- 2.3 Factors of disruption
- Chart on Overview on factors of disruption
- 2.4 Impact of drivers and challenges
- Chart on Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
- 3 Market Landscape
- 3.1 Market ecosystem
- Chart on Parent Market
- Data Table on - Parent Market
- 3.2 Market characteristics
- Chart on Market characteristics analysis
- 3.3 Value chain analysis
- Chart on Value chain analysis
4 Market Sizing
- 4 Market Sizing
- 4.1 Market definition
- Data Table on Offerings of companies included in the market definition
- 4.2 Market segment analysis
- 4.3 Market size 2024
- 4.4 Market outlook: Forecast for 2024-2029
- Chart on Global - Market size and forecast 2024-2029 ($ billion)
- Data Table on Global - Market size and forecast 2024-2029 ($ billion)
- Chart on Global Market: Year-over-year growth 2024-2029 (%)
- Data Table on Global Market: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
- 5 Historic Market Size
- 5.1 Global Self-Driving Truck Market 2019 - 2023
- Historic Market Size - Data Table on Global Self-Driving Truck Market 2019 - 2023 ($ billion)
- 5.2 End-user segment analysis 2019 - 2023
- Historic Market Size - End-user Segment 2019 - 2023 ($ billion)
- 5.3 Technology segment analysis 2019 - 2023
- Historic Market Size - Technology Segment 2019 - 2023 ($ billion)
- 5.4 Propulsion segment analysis 2019 - 2023
- Historic Market Size - Propulsion Segment 2019 - 2023 ($ billion)
- 5.5 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ billion)
- 5.6 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ billion)
6 Qualitative Analysis
- 6 Qualitative Analysis
- 6.1 Impact of AI on Global Self-driving Truck Market
7 Five Forces Analysis
- 7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
- 7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by End-user
- 8 Market Segmentation by End-user
- 8.1 Market segments
- Chart on End-user - Market share 2024-2029 (%)
- Data Table on End-user - Market share 2024-2029 (%)
- 8.2 Comparison by End-user
- Chart on Comparison by End-user
- Data Table on Comparison by End-user
- 8.3 Logistics - Market size and forecast 2024-2029
- Chart on Logistics - Market size and forecast 2024-2029 ($ billion)
- Data Table on Logistics - Market size and forecast 2024-2029 ($ billion)
- Chart on Logistics - Year-over-year growth 2024-2029 (%)
- Data Table on Logistics - Year-over-year growth 2024-2029 (%)
- 8.4 Construction and manufacturing - Market size and forecast 2024-2029
- Chart on Construction and manufacturing - Market size and forecast 2024-2029 ($ billion)
- Data Table on Construction and manufacturing - Market size and forecast 2024-2029 ($ billion)
- Chart on Construction and manufacturing - Year-over-year growth 2024-2029 (%)
- Data Table on Construction and manufacturing - Year-over-year growth 2024-2029 (%)
- 8.5 Mining - Market size and forecast 2024-2029
- Chart on Mining - Market size and forecast 2024-2029 ($ billion)
- Data Table on Mining - Market size and forecast 2024-2029 ($ billion)
- Chart on Mining - Year-over-year growth 2024-2029 (%)
- Data Table on Mining - Year-over-year growth 2024-2029 (%)
- 8.6 Port - Market size and forecast 2024-2029
- Chart on Port - Market size and forecast 2024-2029 ($ billion)
- Data Table on Port - Market size and forecast 2024-2029 ($ billion)
- Chart on Port - Year-over-year growth 2024-2029 (%)
- Data Table on Port - Year-over-year growth 2024-2029 (%)
- 8.7 Market opportunity by End-user
- Market opportunity by End-user ($ billion)
- Data Table on Market opportunity by End-user ($ billion)
9 Market Segmentation by Technology
- 9 Market Segmentation by Technology
- 9.1 Market segments
- Chart on Technology - Market share 2024-2029 (%)
- Data Table on Technology - Market share 2024-2029 (%)
- 9.2 Comparison by Technology
- Chart on Comparison by Technology
- Data Table on Comparison by Technology
- 9.3 Level 1 - Market size and forecast 2024-2029
- Chart on Level 1 - Market size and forecast 2024-2029 ($ billion)
- Data Table on Level 1 - Market size and forecast 2024-2029 ($ billion)
- Chart on Level 1 - Year-over-year growth 2024-2029 (%)
- Data Table on Level 1 - Year-over-year growth 2024-2029 (%)
- 9.4 Level 3 - Market size and forecast 2024-2029
- Chart on Level 3 - Market size and forecast 2024-2029 ($ billion)
- Data Table on Level 3 - Market size and forecast 2024-2029 ($ billion)
- Chart on Level 3 - Year-over-year growth 2024-2029 (%)
- Data Table on Level 3 - Year-over-year growth 2024-2029 (%)
- 9.5 Level 4 - Market size and forecast 2024-2029
- Chart on Level 4 - Market size and forecast 2024-2029 ($ billion)
- Data Table on Level 4 - Market size and forecast 2024-2029 ($ billion)
- Chart on Level 4 - Year-over-year growth 2024-2029 (%)
- Data Table on Level 4 - Year-over-year growth 2024-2029 (%)
- 9.6 Level 5 - Market size and forecast 2024-2029
- Chart on Level 5 - Market size and forecast 2024-2029 ($ billion)
- Data Table on Level 5 - Market size and forecast 2024-2029 ($ billion)
- Chart on Level 5 - Year-over-year growth 2024-2029 (%)
- Data Table on Level 5 - Year-over-year growth 2024-2029 (%)
- 9.7 Market opportunity by Technology
- Market opportunity by Technology ($ billion)
- Data Table on Market opportunity by Technology ($ billion)
10 Market Segmentation by Propulsion
- 10 Market Segmentation by Propulsion
- 10.1 Market segments
- Chart on Propulsion - Market share 2024-2029 (%)
- Data Table on Propulsion - Market share 2024-2029 (%)
- 10.2 Comparison by Propulsion
- Chart on Comparison by Propulsion
- Data Table on Comparison by Propulsion
- 10.3 Internal combustion - Market size and forecast 2024-2029
- Chart on Internal combustion - Market size and forecast 2024-2029 ($ billion)
- Data Table on Internal combustion - Market size and forecast 2024-2029 ($ billion)
- Chart on Internal combustion - Year-over-year growth 2024-2029 (%)
- Data Table on Internal combustion - Year-over-year growth 2024-2029 (%)
- 10.4 Hybrid transmission - Market size and forecast 2024-2029
- Chart on Hybrid transmission - Market size and forecast 2024-2029 ($ billion)
- Data Table on Hybrid transmission - Market size and forecast 2024-2029 ($ billion)
- Chart on Hybrid transmission - Year-over-year growth 2024-2029 (%)
- Data Table on Hybrid transmission - Year-over-year growth 2024-2029 (%)
- 10.5 Electric transmission - Market size and forecast 2024-2029
- Chart on Electric transmission - Market size and forecast 2024-2029 ($ billion)
- Data Table on Electric transmission - Market size and forecast 2024-2029 ($ billion)
- Chart on Electric transmission - Year-over-year growth 2024-2029 (%)
- Data Table on Electric transmission - Year-over-year growth 2024-2029 (%)
- 10.6 Market opportunity by Propulsion
- Market opportunity by Propulsion ($ billion)
- Data Table on Market opportunity by Propulsion ($ billion)
11 Customer Landscape
- 11 Customer Landscape
- 11.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
12 Geographic Landscape
- 12 Geographic Landscape
- 12.1 Geographic segmentation
- Chart on Market share by geography 2024-2029 (%)
- Data Table on Market share by geography 2024-2029 (%)
- 12.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 12.3 North America - Market size and forecast 2024-2029
- Chart on North America - Market size and forecast 2024-2029 ($ billion)
- Data Table on North America - Market size and forecast 2024-2029 ($ billion)
- Chart on North America - Year-over-year growth 2024-2029 (%)
- Data Table on North America - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - North America
- Data Table on Regional Comparison - North America
- 12.3.1 US - Market size and forecast 2024-2029
- Chart on US - Market size and forecast 2024-2029 ($ billion)
- Data Table on US - Market size and forecast 2024-2029 ($ billion)
- Chart on US - Year-over-year growth 2024-2029 (%)
- Data Table on US - Year-over-year growth 2024-2029 (%)
- 12.3.2 Canada - Market size and forecast 2024-2029
- Chart on Canada - Market size and forecast 2024-2029 ($ billion)
- Data Table on Canada - Market size and forecast 2024-2029 ($ billion)
- Chart on Canada - Year-over-year growth 2024-2029 (%)
- Data Table on Canada - Year-over-year growth 2024-2029 (%)
- 12.3.3 Mexico - Market size and forecast 2024-2029
- Chart on Mexico - Market size and forecast 2024-2029 ($ billion)
- Data Table on Mexico - Market size and forecast 2024-2029 ($ billion)
- Chart on Mexico - Year-over-year growth 2024-2029 (%)
- Data Table on Mexico - Year-over-year growth 2024-2029 (%)
- 12.4 APAC - Market size and forecast 2024-2029
- Chart on APAC - Market size and forecast 2024-2029 ($ billion)
- Data Table on APAC - Market size and forecast 2024-2029 ($ billion)
- Chart on APAC - Year-over-year growth 2024-2029 (%)
- Data Table on APAC - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - APAC
- Data Table on Regional Comparison - APAC
- 12.4.1 China - Market size and forecast 2024-2029
- Chart on China - Market size and forecast 2024-2029 ($ billion)
- Data Table on China - Market size and forecast 2024-2029 ($ billion)
- Chart on China - Year-over-year growth 2024-2029 (%)
- Data Table on China - Year-over-year growth 2024-2029 (%)
- 12.4.2 Japan - Market size and forecast 2024-2029
- Chart on Japan - Market size and forecast 2024-2029 ($ billion)
- Data Table on Japan - Market size and forecast 2024-2029 ($ billion)
- Chart on Japan - Year-over-year growth 2024-2029 (%)
- Data Table on Japan - Year-over-year growth 2024-2029 (%)
- 12.4.3 India - Market size and forecast 2024-2029
- Chart on India - Market size and forecast 2024-2029 ($ billion)
- Data Table on India - Market size and forecast 2024-2029 ($ billion)
- Chart on India - Year-over-year growth 2024-2029 (%)
- Data Table on India - Year-over-year growth 2024-2029 (%)
- 12.4.4 South Korea - Market size and forecast 2024-2029
- Chart on South Korea - Market size and forecast 2024-2029 ($ billion)
- Data Table on South Korea - Market size and forecast 2024-2029 ($ billion)
- Chart on South Korea - Year-over-year growth 2024-2029 (%)
- Data Table on South Korea - Year-over-year growth 2024-2029 (%)
- 12.4.5 Australia - Market size and forecast 2024-2029
- Chart on Australia - Market size and forecast 2024-2029 ($ billion)
- Data Table on Australia - Market size and forecast 2024-2029 ($ billion)
- Chart on Australia - Year-over-year growth 2024-2029 (%)
- Data Table on Australia - Year-over-year growth 2024-2029 (%)
- 12.4.6 Indonesia - Market size and forecast 2024-2029
- Chart on Indonesia - Market size and forecast 2024-2029 ($ billion)
- Data Table on Indonesia - Market size and forecast 2024-2029 ($ billion)
- Chart on Indonesia - Year-over-year growth 2024-2029 (%)
- Data Table on Indonesia - Year-over-year growth 2024-2029 (%)
- 12.5 Europe - Market size and forecast 2024-2029
- Chart on Europe - Market size and forecast 2024-2029 ($ billion)
- Data Table on Europe - Market size and forecast 2024-2029 ($ billion)
- Chart on Europe - Year-over-year growth 2024-2029 (%)
- Data Table on Europe - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - Europe
- Data Table on Regional Comparison - Europe
- 12.5.1 Germany - Market size and forecast 2024-2029
- Chart on Germany - Market size and forecast 2024-2029 ($ billion)
- Data Table on Germany - Market size and forecast 2024-2029 ($ billion)
- Chart on Germany - Year-over-year growth 2024-2029 (%)
- Data Table on Germany - Year-over-year growth 2024-2029 (%)
- 12.5.2 UK - Market size and forecast 2024-2029
- Chart on UK - Market size and forecast 2024-2029 ($ billion)
- Data Table on UK - Market size and forecast 2024-2029 ($ billion)
- Chart on UK - Year-over-year growth 2024-2029 (%)
- Data Table on UK - Year-over-year growth 2024-2029 (%)
- 12.5.3 France - Market size and forecast 2024-2029
- Chart on France - Market size and forecast 2024-2029 ($ billion)
- Data Table on France - Market size and forecast 2024-2029 ($ billion)
- Chart on France - Year-over-year growth 2024-2029 (%)
- Data Table on France - Year-over-year growth 2024-2029 (%)
- 12.5.4 Italy - Market size and forecast 2024-2029
- Chart on Italy - Market size and forecast 2024-2029 ($ billion)
- Data Table on Italy - Market size and forecast 2024-2029 ($ billion)
- Chart on Italy - Year-over-year growth 2024-2029 (%)
- Data Table on Italy - Year-over-year growth 2024-2029 (%)
- 12.5.5 The Netherlands - Market size and forecast 2024-2029
- Chart on The Netherlands - Market size and forecast 2024-2029 ($ billion)
- Data Table on The Netherlands - Market size and forecast 2024-2029 ($ billion)
- Chart on The Netherlands - Year-over-year growth 2024-2029 (%)
- Data Table on The Netherlands - Year-over-year growth 2024-2029 (%)
- 12.5.6 Spain - Market size and forecast 2024-2029
- Chart on Spain - Market size and forecast 2024-2029 ($ billion)
- Data Table on Spain - Market size and forecast 2024-2029 ($ billion)
- Chart on Spain - Year-over-year growth 2024-2029 (%)
- Data Table on Spain - Year-over-year growth 2024-2029 (%)
- 12.6 South America - Market size and forecast 2024-2029
- Chart on South America - Market size and forecast 2024-2029 ($ billion)
- Data Table on South America - Market size and forecast 2024-2029 ($ billion)
- Chart on South America - Year-over-year growth 2024-2029 (%)
- Data Table on South America - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - South America
- Data Table on Regional Comparison - South America
- 12.6.1 Brazil - Market size and forecast 2024-2029
- Chart on Brazil - Market size and forecast 2024-2029 ($ billion)
- Data Table on Brazil - Market size and forecast 2024-2029 ($ billion)
- Chart on Brazil - Year-over-year growth 2024-2029 (%)
- Data Table on Brazil - Year-over-year growth 2024-2029 (%)
- 12.6.2 Argentina - Market size and forecast 2024-2029
- Chart on Argentina - Market size and forecast 2024-2029 ($ billion)
- Data Table on Argentina - Market size and forecast 2024-2029 ($ billion)
- Chart on Argentina - Year-over-year growth 2024-2029 (%)
- Data Table on Argentina - Year-over-year growth 2024-2029 (%)
- 12.6.3 Colombia - Market size and forecast 2024-2029
- Chart on Colombia - Market size and forecast 2024-2029 ($ billion)
- Data Table on Colombia - Market size and forecast 2024-2029 ($ billion)
- Chart on Colombia - Year-over-year growth 2024-2029 (%)
- Data Table on Colombia - Year-over-year growth 2024-2029 (%)
- 12.7 Middle East and Africa - Market size and forecast 2024-2029
- Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
- Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
- Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - Middle East and Africa
- Data Table on Regional Comparison - Middle East and Africa
- 12.7.1 Saudi Arabia - Market size and forecast 2024-2029
- Chart on Saudi Arabia - Market size and forecast 2024-2029 ($ billion)
- Data Table on Saudi Arabia - Market size and forecast 2024-2029 ($ billion)
- Chart on Saudi Arabia - Year-over-year growth 2024-2029 (%)
- Data Table on Saudi Arabia - Year-over-year growth 2024-2029 (%)
- 12.7.2 UAE - Market size and forecast 2024-2029
- Chart on UAE - Market size and forecast 2024-2029 ($ billion)
- Data Table on UAE - Market size and forecast 2024-2029 ($ billion)
- Chart on UAE - Year-over-year growth 2024-2029 (%)
- Data Table on UAE - Year-over-year growth 2024-2029 (%)
- 12.7.3 South Africa - Market size and forecast 2024-2029
- Chart on South Africa - Market size and forecast 2024-2029 ($ billion)
- Data Table on South Africa - Market size and forecast 2024-2029 ($ billion)
- Chart on South Africa - Year-over-year growth 2024-2029 (%)
- Data Table on South Africa - Year-over-year growth 2024-2029 (%)
- 12.7.4 Israel - Market size and forecast 2024-2029
- Chart on Israel - Market size and forecast 2024-2029 ($ billion)
- Data Table on Israel - Market size and forecast 2024-2029 ($ billion)
- Chart on Israel - Year-over-year growth 2024-2029 (%)
- Data Table on Israel - Year-over-year growth 2024-2029 (%)
- 12.7.5 Turkey - Market size and forecast 2024-2029
- Chart on Turkey - Market size and forecast 2024-2029 ($ billion)
- Data Table on Turkey - Market size and forecast 2024-2029 ($ billion)
- Chart on Turkey - Year-over-year growth 2024-2029 (%)
- Data Table on Turkey - Year-over-year growth 2024-2029 (%)
- 12.8 Market opportunity by geography
- Market opportunity by geography ($ billion)
- Data Tables on Market opportunity by geography ($ billion)
13 Drivers, Challenges, and Opportunity
- 13 Drivers, Challenges, and Opportunity
- 13.1 Market drivers
- Advancements in technology propelling market growth
- Economic imperatives driving adoption
- Enhanced safety and a supportive regulatory environment
- 13.2 Market challenges
- Regulatory and legal uncertainty
- Public perception and safety concerns
- Workforce integration and labor union opposition
- 13.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
- 13.4 Market opportunities
- Advancements in AI and ML fueling autonomous truck development
- Rise of platooning technology for enhanced efficiency and safety
- Evolving regulatory frameworks and strategic collaborations shaping
14 Competitive Landscape
- 14 Competitive Landscape
- 14.1 Overview
- 14.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 14.3 Landscape disruption
- Overview on factors of disruption
- 14.4 Industry risks
- Impact of key risks on business
15 Competitive Analysis
- 15 Competitive Analysis
- 15.1 Companies profiled
- 15.2 Company ranking index
- 15.3 Market positioning of companies
- Matrix on companies position and classification
- 15.4 AB Volvo
- AB Volvo - Overview
- AB Volvo - Business segments
- AB Volvo - Key news
- AB Volvo - Key offerings
- AB Volvo - Segment focus
- SWOT
- 15.5 Caterpillar Inc.
- Caterpillar Inc. - Overview
- Caterpillar Inc. - Business segments
- Caterpillar Inc. - Key news
- Caterpillar Inc. - Key offerings
- Caterpillar Inc. - Segment focus
- SWOT
- 15.6 Continental AG
- Continental AG - Overview
- Continental AG - Business segments
- Continental AG - Key news
- Continental AG - Key offerings
- Continental AG - Segment focus
- SWOT
- 15.7 Daimler Truck AG
- Daimler Truck AG - Overview
- Daimler Truck AG - Business segments
- Daimler Truck AG - Key news
- Daimler Truck AG - Key offerings
- Daimler Truck AG - Segment focus
- SWOT
- 15.8 Einride AB
- Einride AB - Overview
- Einride AB - Product / Service
- Einride AB - Key offerings
- SWOT
- 15.9 Ford Motor Co.
- Ford Motor Co. - Overview
- Ford Motor Co. - Business segments
- Ford Motor Co. - Key offerings
- Ford Motor Co. - Segment focus
- SWOT
- 15.10 Inceptio Technology
- Inceptio Technology - Overview
- Inceptio Technology - Product / Service
- Inceptio Technology - Key offerings
- SWOT
- 15.11 Kodiak Robotics Inc.
- Kodiak Robotics Inc. - Overview
- Kodiak Robotics Inc. - Product / Service
- Kodiak Robotics Inc. - Key offerings
- SWOT
- 15.12 PACCAR Inc.
- PACCAR Inc. - Overview
- PACCAR Inc. - Business segments
- PACCAR Inc. - Key news
- PACCAR Inc. - Key offerings
- PACCAR Inc. - Segment focus
- SWOT
- 15.13 PlusAI Inc.
- PlusAI Inc. - Overview
- PlusAI Inc. - Product / Service
- PlusAI Inc. - Key offerings
- SWOT
- 15.14 Tesla Inc.
- Tesla Inc. - Overview
- Tesla Inc. - Business segments
- Tesla Inc. - Key news
- Tesla Inc. - Key offerings
- Tesla Inc. - Segment focus
- SWOT
- 15.15 Torc Robotics Inc.
- Torc Robotics Inc. - Overview
- Torc Robotics Inc. - Product / Service
- Torc Robotics Inc. - Key offerings
- SWOT
- 15.16 Traton SE
- Traton SE - Overview
- Traton SE - Business segments
- Traton SE - Key offerings
- Traton SE - Segment focus
- SWOT
- 15.17 Volkswagen AG
- Volkswagen AG - Overview
- Volkswagen AG - Business segments
- Volkswagen AG - Key news
- Volkswagen AG - Key offerings
- Volkswagen AG - Segment focus
- SWOT
- 15.18 Waymo LLC
- Waymo LLC - Overview
- Waymo LLC - Product / Service
- Waymo LLC - Key offerings
- SWOT
16 Appendix
- 16 Appendix
- 16.1 Scope of the report
- Market definition
- Objectives
- Notes and caveats
- 16.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 16.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 16.4 Research methodology
- 16.5 Data procurement
- 16.6 Data validation
- 16.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 16.8 Data synthesis
- 16.9 360 degree market analysis
- 360 degree market analysis
- 16.10 List of abbreviations
INFORMATION SOURCES
DATA ANALYSIS
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