Automated Truck Market: Industry Outlook, Growth Prospects and Key Opportunities

Key Segments Covered

• Truck Type

  • Cab-Integrated Automotive Truck
  • Cabless Automotive Truck

• End Use Industry

  • Automotive Trucks for Mining
  • Automotive Trucks for Logistics

• Class

  • Class 8 & Class 9 Automotive Trucks
  • Ultra-Class Automotive Trucks

• Sensor

  • LiDAR Automotive Trucks
  • RADAR Automotive Trucks
  • Camera-based Automotive Trucks
  • Other Sensor-based Automotive Trucks

• Autonomy Level

  • Level 3 Automotive Truck
  • Level 4 Automotive Truck
  • Level 5 Automotive Truck

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Automated Truck Market- Scope of Report

A recent study by Fact.MR on the automated truck market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with offering automated trucks.

The study also provides the dynamics responsible for influencing the future status of the automated truck market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the automated truck market, along with their product portfolios, enhances the reliability of this comprehensive research study.

Report Summary

The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of automated trucks across the globe.

A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of automated truck during the forecast period. Price point comparison by region with global average price is also considered in the study.

Analysis on Market Size Evaluation

The market has been analyzed for each segment in terms of volume (‘000 Units) and value (US$ Mn).

Estimates at global and regional levels for automated trucks are available in terms of “US$ Mn” for value and in “‘000 Units” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report.

Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global automated truck market.

Inspected Assessment on Regional Segments

Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the automated truck market during the forecast period.

Country-specific valuation on demand for automated truck has been offered for each region, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value & volume for emerging countries has also been included in the report.

In-depth Analysis on Competition Analysis

The report sheds light on leading manufacturers of automated trucks, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering automated truck has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the automated truck domain.

Key Takeaways from the Global Automated Truck Market Report

• North America will continue to be the largest market for automated trucks
• In terms of level of automation, the demand witnessed in limited self-driving autonomous segment is considerably high
• Based on type of sensor, the LiDAR segment is forecast to hold the lion’s share of the market
• Among end users, the demand from the mining industry is predicted to remain considerably high throughout the forecast period
• Among truck types, the cab-integrated segment is forecast to account for dominant share in the market

With governments of various countries pushing towards the use of automated trucks, the market is projected to have a great scope for expansion in the near future. According to FactMR, the market value is projected to rise exponentially by the end of the forecast period. Investment towards improving existing technologies will create lucrative prospects for the expansion of the market.