“Autonomous Trucks Market Set To Reach $26bn Billion In 2027” Says Brand New Visiongain Report

14 August 2018
Automotive

Visiongain’ has launched a completely new automotive report Autonomous Trucks Market Analysis Report 2017-2027 : Forecasts For Driverless, Self-Driving Vehicles By Sensor (Radar, Lidar, Image Sensor, Ultrasonic) By Hardware & Software (Communication Systems, Cameras, GPS System) By Type (Function-Specific Automation, Combined Function Automation, Limited Self-Driving Automation, Full Self-Driving Automation) Plus Profiles of Leading Companies.

As autonomous passenger vehicles and self-driving cars are rapidly being developed, similar research & development work is occurring in parallel to this with autonomous trucks for commercial uses. This is especially the case in repetitive applications where autonomous vehicles can excel, for example, in mining, construction, logistics, military, and delivery applications. Visiongain indicates that the global Autonomous Trucks market will reach $26bn in 2027. The advantages of autonomous trucks go beyond simply not requiring a driver as the lead analyst of the report explains:

“The autonomous trucks market is mainly driven by strict safety norms. One of the major factors boosting the market for autonomous trucks is in minimising driving error. Human Drivers become tired and cannot work 24/7. Driver error contributes to approximately 90% of traffic accidents, so if the technology can be perfected, autonomous trucks will in theory reduce crashes by up to 90%. Increasing use of safety and other connectivity technologies in autonomous trucks is helping autonomous vehicles to minimize accidents.

Another major feature of autonomous truck is lower fuel consumption. Autonomous trucks provide significant other advantages including congestion reductions, pollution reduction benefits and fuel savings among others. Thus, is encouraging end users to upgrade their vehicles to the latest autonomous trucks.

There has been an increase in construction activities in the developing countries of Asia Pacific and RoW. These construction activities depend highly on construction equipment vehicles. Trucks are required for the transportation of raw materials from one point to another. Thus, the manufacturers of autonomous vehicles are highly focusing on developing nation such as India, China and Australia among others.”
Leading companies featured in the report who are developing autonomous trucks include BMW AG, AB Volvo, Ford Motor Co., General Motor Company, Robert Bosch GmbH, Delphi Automotive PLC, Google Inc, Uber Technologies Inc., Tesla Inc and Volkswagen AG.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongainglobal.com or call her on +44 (0) 207 336 6100

About Visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business conferences, newsletters, management reports focusing on the automotive, aviation, chemical, cyber, defence, energy, food & drink, pharmaceutical, materials and telecoms sectors.

Visiongain publishes reports produced by its in-house analysts, who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

Recent News

Visiongain Publishes All-Terrain Vehicle Market Report 2022-2032

The global all terrain vehicle market was valued at US$3,534 million in 2021 and is projected to grow at a CAGR of 5.1% during the forecast period 2022-2032.

24 June 2022

Read

Visiongain Publishes Automotive Glass Market Report 2022-2032

The global automotive glass market was valued at US$14,912 million in 2021 and is projected to grow at a CAGR of 7.0% during the forecast period 2022-2032.

13 June 2022

Read

Visiongain Publishes Ride Sharing Market Report 2022-2032

Growth of the global ride sharing market is directly coupled with the growing urbanization and regional economic growth.

20 April 2022

Read

Visiongain Publishes Traction Battery Market Report 2022-2032

Electric vehicle (EV) manufacturers are in for a bumpier ride in the future, as the current geopolitical turmoil in Ukraine — a country with a large store of the critical battery material lithium – might cause lithium battery prices to skyrocket.

29 March 2022

Read

Kelloggs
3m
Thales
Shell
TEVA
Lockheed-Martin
Pfizer
Raytheon
Halliburton
Du-Pont
Honeywell
Daimler
BASF
Bayer
BP
BAE-Systems
Unilever