Autonomous Trucks Market to Project Steady Expansion Till The End Of 2023. Market Research Future published a half-cooked research report on “Global Autonomous Trucks Market” – Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2027. Global Autonomous Trucks Market Research Report: Information by Components (Hardware and Software), Sensor Type (LiDAR, Image, Radar, Ultrasonic and Others), Technology (Semi-Automated Trucks and Fully Automated Trucks), and by Region - Forecast To 2023.

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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.

The autonomous truck is a commercially used vehicle that relies on different techniques that enable it to sense the surrounding and to navigate without any human input. Autonomous trucks majorly rely on satellites, guided systems and ground sensors. These systems identify obstacles and relevant signage to give proper navigation to the trucks for running without damage.

Geographically, the global autonomous trucks market has been segmented into four major regions such as North America, Europe, Asia Pacific, and Rest of the World. Amongst all regions, North America is expected to dominate the growth of the market during the forecast period followed by Europe. The high rate of technology adoption, increased volume of foreign tonnage, and the existence of major autonomous trucks manufacturers, such as Uber Technologies and Embark trucks is expected to drive the growth of the region over the forecast period.  Availability of modern infrastructure facilities and the boom in demand for automobiles are further driving the market.

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