Market Research Future published research report on global autonomous trucks market. The autonomous trucks market is expected to witness 15.6% CAGR during the period, 2019 to 2023. The global autonomous trucks market is segmented by Components (Hardware and Software), by Sensor Type (LiDAR, Image, Radar, Ultrasonic and Others), by Technology (Semi-Automated Trucks and Fully Automated Trucks) and by Region.

Browse More Details On The Autonomous Trucks Market Report at: https://www.marketresearchfuture.com/reports/autonomous-trucks-market-6126

The prominent players in the autonomous trucks market include BMW AG (Germany), AB Volvo (Sweden), Ford Motor Co. (U.S.), General Motor Company (U.S.), Robert Bosch GmbH (Germany), Delphi Automotive PLC (Ireland), Google Inc (U.S.), Uber Technologies Inc. (U.S.), Tesla Inc. (U.S.), Volkswagen AG (Germany), Embark Trucks (U.S.).

In terms of region, the global market for autonomous trucks is segmented into North America, Europe, Asia Pacific, and Rest of the World. North America is anticipated to hold the major market revenue share over the forecast period followed by Europe and Asia Pacific. As per the American Trucks Association, Trucks carry 70% of the total goods shipped around the U.S. Also, there had been a shortage of 50,000 drivers in the year 2017, which is expected to increase to 175,000 by the end of 2024. This will enhance the growth of autonomous trucks because the technology is computer-controlled and not driver-controlled. Autonomous trucks are not subjected to rules and can extend their working more than human working hours.

Asia Pacific market is expected to expand at a high CAGR throughout the forecast period due to low labor cost for the production plant and increased effort towards ease of operating in the countries such as China, Singapore, Japan and India. The great demand of logistic services in China and Singapore and the government backing for the advanced technology and fewer regulatory hurdles will boost the growth of the Asia Pacific autonomous trucks market.

Autonomous trucks market has seen remarkable growth in the global market and it has been observed that it is expected to expand with the CAGR of ~15.6%. Autonomous trucks are majorly driven due to the shortage of trucks drivers and increased supply of goods and materials to various end sources. According to American Truck Association, there had been a shortage of 36,500 drivers in the year 2016, which has increased to 50,000 by the end of 2017. In the year 2017, around 71% of the freight tonnage had been transported through trucks in America. Growing volumes of shipment at rapid pace is estimated to drive the sales of autonomous trucks and encourage the manufacturers or new entrants for investing. Rising driver labor cost, especially in emerging markets will create opportunity for the autonomous trucks, which is based on techniques with minimum human input to eliminate errors and damages.

Table Of Contents:

1 Introduction

1.1 Definition

1.2 Scope Of Stud

1.3 Research Objective

1.4 Assumptions & Limitations

1.5 Market Structure:

2 Research Vehicle Typology

2.1 Research Process

2.2 Primary Research

2.3 Secondary Research

3 Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

3.5 Macroeconomic Indicators

4 Market Factor Analysis

4.1 Porter's Five Forces Model

4.1.1 Bargaining Power Of Suppliers

4.1.2 Bargaining Power Of Customer

4.1.3 Intensity Of Competitor's

4.1.4 Threat Of New Entrants

Continued...

Get more information on this report at: https://www.marketwatch.com/press-release/semi-autonomous-and-autonomous-trucks-market-2018-global-growth-size-trends-share-opportunities-competitive-analysis-opportunities-regional-and-industry-forecast-to-2023-2018-12-05

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