Semi-autonomous Truck Market 2019 By Regional Trend, Revenue & Growth Forecast
Category: #business  By Partha Ray  Date: 2019-08-13
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Semi-autonomous Truck Market 2019 By Regional Trend, Revenue & Growth Forecast

Global Semi-autonomous Truck Market report 2025 focuses on the major Types and Applications for the key players. The market forecast report also provides analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. The research report is a professional and in-depth study on the current state of global Industry.

APAC semi-autonomous truck market is expected to show rapid growth over the forecast period due to an increase in the number of road accidents on highways in developing countries including India and China. For instance, according to the report of the government of India’s Ministry of Road Transport & Highways report, 464,910 road accidents were reported in 2017 that claimed 147,913 lives. The national highway accounted for 30.4% of total road accidents in the country and 36% of the total deaths in 2017. Major automotive manufacturers are testing their semi-autonomous trucks for platooning use case to help fleet companies to improve efficiency.

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Europe is expected to dominate the semi-autonomous truck market over the forecast period due to the presence of major automotive manufacturers in the region. Major European truck manufacturers, such as Daimler, Volvo, and Volkswagen, are emphasizing on the research and development of autonomous vehicles. The huge adoption of heavy trucks in the region is another factor fueling market growth. For instance, according to the International Organization of Motor Vehicle Manufacturers, the number of heavy trucks produced in Europe was 296,690 in 2018. Government policies to improve the safety on highways are also supporting the market growth in the region. 

Market Segmentation: -

Semi-autonomous Truck Market, By Level of Automation, 2014-2025 (USD Million)

  • Level 1
  • Level 2
  • Level 3
  • Level 4
  • Level 5

Semi-autonomous Truck Market, By Propulsion 2014-2025 (USD Million)

  • Diesel
  • Electric
  • Hybrid

 Semi-autonomous Truck Market, By Sensor Type 2014-2025 (USD Million)

  • Camera
  • Radar
  • LiDAR
  • Ultrasonic

Semi-autonomous Truck Market, By Truck Type 2014-2025 (USD Million)

  • Light Duty Truck
  • Medium Duty Truck
  • Heavy Duty Truck

The above information has been provided for the following regions and countries:

  • North America
  • Europe
  • APAC
  • Latin America
  • MEA

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The major companies operating in the semi-autonomous truck market are partnering with other advanced technology companies to improve the decision-making system for autonomous vehicles.The company utilized NVIDIA’s AI platform for training, simulation, and in-vehicle computing to improve the safety on roads. Other major players operating in the global market are Continental, Aptiv, NXP, Daimler, Volvo, Waymo, TomTom, Didi Chuxing, Siemens, Tusimple, Tesla, DENSO, ZF, NVIDIA, Qualcomm, Paccar, Intel, Kamaz, Scania, and Valeo.

Methodology used in this report:  -

Our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most accurate analysis of the industry. The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc.  Primary objectives of data mining include:

  • Definition and scope of research
  • Market dynamics, growth drivers and industry pitfalls
  • Regulatory and political guidelines for the industry
  • Demographics and statistical data

Market Insight Coverage|

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About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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