Semi-Autonomous and Autonomous Trucks and Buses Market - A Global and Regional Analysis: Focus on Application, Propulsion, Level of Autonomy, Vehicle Type, ADAS Features, Sensor Type, Weight Class, and Region - Analysis and Forecast, 2024-2034Introduction to Semi-Autonomous and Autonomous Trucks and Buses Market
The semi-autonomous and autonomous trucks and buses market has been undergoing significant growth, propelled by various key factors and market drivers. In an optimistic scenario, the market would be evaluated at a valuation of $43.96 billion in 2024 and projected to expand at a CAGR of 11.89% to reach $135.23 billion by 2034.
A primary driver for the growth of the semi-autonomous and autonomous trucks and buses market is the increasing focus on enhancing road safety and operational efficiency in the transportation sector. Semi-autonomous and autonomous vehicles are equipped with advanced technologies such as adaptive cruise control, lane-keeping assistance, and automated braking systems, which significantly reduce the risk of human error and accidents. Moreover, the potential for cost savings through reduced labor costs and optimized fuel consumption is encouraging fleet operators to adopt these technologies.
Another driving factor in the global semi-autonomous and autonomous trucks and buses market has been the increasingly stringent regulatory landscape aimed at improving road safety and reducing traffic congestion. Governments around the world are implementing policies that mandate the integration of advanced driver-assistance systems (ADAS) and autonomous driving technologies to minimize human error and enhance transportation efficiency. These regulations are accelerating the adoption of semi-autonomous and autonomous vehicles as manufacturers and fleet operators strive to comply with new safety standards. Additionally, the push for reducing emissions and improving fuel efficiency is encouraging the development and deployment of electric and hybrid autonomous trucks and buses, further driving market growth.
North America leads the semi-autonomous and autonomous trucks and buses market by region, with the U.S. at the forefront based on country segmentation. The region's dominance can be attributed to a combination of advanced infrastructure, significant investments in research and development, and strong support from regulatory bodies. The U.S., in particular, benefits from a robust ecosystem of technology firms and automotive manufacturers, including leaders such as Daimler Truck AG, who are pioneering advancements in autonomous driving systems. These companies' expertise in AI, machine learning, and sensor technologies is driving innovations that enhance vehicle performance, safety, and reliability. Additionally, favorable government policies and substantial funding for smart transportation projects are propelling the adoption of semi-autonomous and autonomous trucks and buses, making North America a key player in the market's growth.
Market Segmentation:
Segmentation 1: by Application
Long-Haul Freight Transportation
Mining and Construction
Intercity/Intracity Buses
Agriculture
Waste Management
Logistics and Distribution
Shuttles
Medical and Healthcare Transport Services
Manufacturing
Military
Segmentation 2: by Propulsion
Internal Combustion Engine Vehicles
Electric Vehicles
Battery Electric Vehicles (BEVs)
Hybrid Electric Vehicles (HEVs)
Plug-in Hybrid Electric Vehicles (PHEVs)
Segmentation 3: by Level of Autonomy
Semi-Autonomous
Autonomous
Segmentation 4: by Vehicle Type
Trucks
Buses
Segmentation 5: by ADAS Features
Adaptive Cruise Control (ACC)
Automatic Emergency Braking (AEB)
Blind Spot Detection (BSD)
Lane Keep Assist (LKA)
Intelligent Park Assist (IPA)
Traffic Jam Assist (TJA)
Highway Pilot (HP)
Others
Segmentation 6: by Sensor Type
LiDAR
Radar Sensors
Cameras
Ultrasonic Sensors
Segmentation 7: by Weight Class
Light Duty Trucks and Buses
Medium Duty Trucks and Buses
Heavy Duty Trucks and Buses
Segmentation 8: by Region
North America
Europe
Asia-Pacific
Rest-of-the-World
How can this report add value to an organization?
Product/Innovation Strategy: The global semi-autonomous and autonomous trucks and buses market has been extensively segmented based on various categories, such as application, propulsion, level of autonomy, vehicle type, ADAS features, sensor type, and weight class. This can help readers get a clear overview of which segments account for the largest share and which ones are well-positioned to grow in the coming years.
Competitive Strategy: A detailed competitive benchmarking of the players operating in the global semi-autonomous and autonomous trucks and buses market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on thorough secondary research, which includes analyzing company coverage, product portfolio, market penetration, and insights gathered from primary experts.
Some of the prominent companies in this market are:
Daimler Truck AG
AB Volvo
Scania
Denso Corporation
General Motors
Ford Motor Company
Key Questions Answered in this Report:
What are the main factors driving the demand for semi-autonomous and autonomous trucks and buses market?
What are the major patents filed by the companies active in the semi-autonomous and autonomous trucks and buses market?
Who are the key players in thesemi-autonomous and autonomous trucks and buses market, and what are their respective market shares?
What partnerships or collaborations are prominent among stakeholders in the semi-autonomous and autonomous trucks and buses market?
What strategies have the key companies adopted to gain a competitive edge in the semi-autonomous and autonomous trucks and buses market?
What is the futuristic outlook for the semi-autonomous and autonomous trucks and buses market in terms of growth potential?
What is the current estimation of the semi-autonomous and autonomous trucks and buses market, and what growth trajectory is projected from 2024 to 2034?
Which application and product segment is expected to lead the market during the forecast period 2024-2034?
Which regions demonstrate the highest adoption rates forthe semi-autonomous and autonomous trucks and buses market, and what factors contribute to their leadership?
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Please Note: It will take 1-5 business days to complete the report upon order confirmation.
The semi-autonomous and autonomous trucks and buses market has been undergoing significant growth, propelled by various key factors and market drivers. In an optimistic scenario, the market would be evaluated at a valuation of $43.96 billion in 2024 and projected to expand at a CAGR of 11.89% to reach $135.23 billion by 2034.
A primary driver for the growth of the semi-autonomous and autonomous trucks and buses market is the increasing focus on enhancing road safety and operational efficiency in the transportation sector. Semi-autonomous and autonomous vehicles are equipped with advanced technologies such as adaptive cruise control, lane-keeping assistance, and automated braking systems, which significantly reduce the risk of human error and accidents. Moreover, the potential for cost savings through reduced labor costs and optimized fuel consumption is encouraging fleet operators to adopt these technologies.
Another driving factor in the global semi-autonomous and autonomous trucks and buses market has been the increasingly stringent regulatory landscape aimed at improving road safety and reducing traffic congestion. Governments around the world are implementing policies that mandate the integration of advanced driver-assistance systems (ADAS) and autonomous driving technologies to minimize human error and enhance transportation efficiency. These regulations are accelerating the adoption of semi-autonomous and autonomous vehicles as manufacturers and fleet operators strive to comply with new safety standards. Additionally, the push for reducing emissions and improving fuel efficiency is encouraging the development and deployment of electric and hybrid autonomous trucks and buses, further driving market growth.
North America leads the semi-autonomous and autonomous trucks and buses market by region, with the U.S. at the forefront based on country segmentation. The region's dominance can be attributed to a combination of advanced infrastructure, significant investments in research and development, and strong support from regulatory bodies. The U.S., in particular, benefits from a robust ecosystem of technology firms and automotive manufacturers, including leaders such as Daimler Truck AG, who are pioneering advancements in autonomous driving systems. These companies' expertise in AI, machine learning, and sensor technologies is driving innovations that enhance vehicle performance, safety, and reliability. Additionally, favorable government policies and substantial funding for smart transportation projects are propelling the adoption of semi-autonomous and autonomous trucks and buses, making North America a key player in the market's growth.
Market Segmentation:
Segmentation 1: by Application
Long-Haul Freight Transportation
Mining and Construction
Intercity/Intracity Buses
Agriculture
Waste Management
Logistics and Distribution
Shuttles
Medical and Healthcare Transport Services
Manufacturing
Military
Segmentation 2: by Propulsion
Internal Combustion Engine Vehicles
Electric Vehicles
Battery Electric Vehicles (BEVs)
Hybrid Electric Vehicles (HEVs)
Plug-in Hybrid Electric Vehicles (PHEVs)
Segmentation 3: by Level of Autonomy
Semi-Autonomous
Autonomous
Segmentation 4: by Vehicle Type
Trucks
Buses
Segmentation 5: by ADAS Features
Adaptive Cruise Control (ACC)
Automatic Emergency Braking (AEB)
Blind Spot Detection (BSD)
Lane Keep Assist (LKA)
Intelligent Park Assist (IPA)
Traffic Jam Assist (TJA)
Highway Pilot (HP)
Others
Segmentation 6: by Sensor Type
LiDAR
Radar Sensors
Cameras
Ultrasonic Sensors
Segmentation 7: by Weight Class
Light Duty Trucks and Buses
Medium Duty Trucks and Buses
Heavy Duty Trucks and Buses
Segmentation 8: by Region
North America
Europe
Asia-Pacific
Rest-of-the-World
How can this report add value to an organization?
Product/Innovation Strategy: The global semi-autonomous and autonomous trucks and buses market has been extensively segmented based on various categories, such as application, propulsion, level of autonomy, vehicle type, ADAS features, sensor type, and weight class. This can help readers get a clear overview of which segments account for the largest share and which ones are well-positioned to grow in the coming years.
Competitive Strategy: A detailed competitive benchmarking of the players operating in the global semi-autonomous and autonomous trucks and buses market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on thorough secondary research, which includes analyzing company coverage, product portfolio, market penetration, and insights gathered from primary experts.
Some of the prominent companies in this market are:
Daimler Truck AG
AB Volvo
Scania
Denso Corporation
General Motors
Ford Motor Company
Key Questions Answered in this Report:
What are the main factors driving the demand for semi-autonomous and autonomous trucks and buses market?
What are the major patents filed by the companies active in the semi-autonomous and autonomous trucks and buses market?
Who are the key players in thesemi-autonomous and autonomous trucks and buses market, and what are their respective market shares?
What partnerships or collaborations are prominent among stakeholders in the semi-autonomous and autonomous trucks and buses market?
What strategies have the key companies adopted to gain a competitive edge in the semi-autonomous and autonomous trucks and buses market?
What is the futuristic outlook for the semi-autonomous and autonomous trucks and buses market in terms of growth potential?
What is the current estimation of the semi-autonomous and autonomous trucks and buses market, and what growth trajectory is projected from 2024 to 2034?
Which application and product segment is expected to lead the market during the forecast period 2024-2034?
Which regions demonstrate the highest adoption rates forthe semi-autonomous and autonomous trucks and buses market, and what factors contribute to their leadership?
*PDF email from publisher allows for 1-3 users, with permission to print*
Please Note: It will take 1-5 business days to complete the report upon order confirmation.
- Executive Summary
- Scope and Definition
- Market/Product Definition
- Key Questions Answered
- Analysis and Forecast Note
- 1. Markets: Industry Outlook
- 1.1 Trends: Current and Future Impact Assessment
- 1.1.1 Integration with Electric Powertrains for Sustainable Transport
- 1.1.2 Advancements in LiDAR, Radar, and 5G Connectivity
- 1.2 Supply Chain Overview
- 1.2.1 Value Chain Analysis
- 1.2.2 Pricing Forecast
- 1.3 R&D Review
- 1.3.1 Patent Filing Trend by Country, by Company
- 1.4 Regulatory Landscape
- 1.5 Stakeholder Analysis
- 1.5.1 Use Case
- 1.5.2 End User and Buying Criteria
- 1.6 Impact Analysis for Key Global Events
- 1.7 Market Dynamics Overview
- 1.7.1 Market Drivers
- 1.7.2 Market Restraints
- 1.7.3 Market Opportunities
- 2. Semi-Autonomous and Autonomous Trucks and Buses Market (by Application)
- 2.1 Application Segmentation
- 2.2 Application Summary
- 2.3 Semi-Autonomous and Autonomous Trucks and Buses Market (by Application)
- 2.3.1 Long-Haul Freight Transportation
- 2.3.2 Mining and Construction
- 2.3.3 Intercity/Intracity Buses
- 2.3.4 Agriculture
- 2.3.5 Waste Management
- 2.3.6 Logistics and Distribution
- 2.3.7 Shuttles
- 2.3.8 Medical and Healthcare Transport Services
- 2.3.9 Manufacturing
- 2.3.10 Military
- 3. Semi-Autonomous and Autonomous Trucks and Buses Market (by Product)
- 3.1 Product Segmentation
- 3.2 Product Summary
- 3.3 Semi-Autonomous and Autonomous Trucks and Buses Market (by Propulsion)
- 3.3.1 Internal Combustion Vehicles
- 3.3.2 Electric Vehicles
- 3.3.2.1 Battery Electric Vehicles (BEV)
- 3.3.2.2 Hybrid Electric Vehicles (HEV)
- 3.3.2.3 Plug-in Hybrid Electric Vehicles (PHEV)
- 3.4 Semi-Autonomous and Autonomous Trucks and Buses Market (by Level of Autonomy)
- 3.4.1 Semi-Autonomous
- 3.4.2 Autonomous
- 3.5 Semi-Autonomous and Autonomous Trucks and Buses Market (by Vehicle Type)
- 3.5.1 Trucks
- 3.5.2 Buses
- 3.6 Semi-Autonomous and Autonomous Trucks and Buses Market (by ADAS Features)
- 3.6.1 Adaptive Cruise Control (ACC)
- 3.6.2 Automatic Emergency Braking (AEB)
- 3.6.3 Blind Spot Detection (BSD)
- 3.6.4 Lane Keep Assist (LKA)
- 3.6.5 Intelligent Park Assist (IPA)
- 3.6.6 Traffic Jam Assist (TJA)
- 3.6.7 Highway Pilot (HP)
- 3.6.8 Others
- 3.7 Semi-Autonomous and Autonomous Trucks and Buses Market (by Sensor Type)
- 3.7.1 LiDAR
- 3.7.2 Radar Sensors
- 3.7.3 Cameras
- 3.7.4 Ultrasonic Sensors
- 3.8 Semi-Autonomous and Autonomous Trucks and Buses Market (by Weight Class)
- 3.8.1 Light Duty Trucks and Buses
- 3.8.2 Medium Duty Trucks and Buses
- 3.8.3 Heavy Duty Trucks and Buses
- 4. Semi-Autonomous and Autonomous Trucks and Buses Market (by Region)
- 4.1 Semi-Autonomous and Autonomous Trucks and Buses Market - by Region
- 4.2 North America
- 4.2.1 Regional Overview
- 4.2.2 Driving Factors for Market Growth
- 4.2.3 Factors Challenging the Market
- 4.2.4 Application
- 4.2.5 Product
- 4.2.6 U.S.
- 4.2.6.1 Market by Application
- 4.2.6.2 Market by Product
- 4.2.7 Canada
- 4.2.7.1 Market by Application
- 4.2.7.2 Market by Product
- 4.2.8 Mexico
- 4.2.8.1 Market by Application
- 4.2.8.2 Market by Product
- 4.3 Europe
- 4.3.1 Regional Overview
- 4.3.2 Driving Factors for Market Growth
- 4.3.3 Factors Challenging the Market
- 4.3.4 Application
- 4.3.5 Product
- 4.3.6 Germany
- 4.3.6.1 Market by Application
- 4.3.6.2 Market by Product
- 4.3.7 France
- 4.3.7.1 Market by Application
- 4.3.7.2 Market by Product
- 4.3.8 U.K.
- 4.3.8.1 Market by Application
- 4.3.8.2 Market by Product
- 4.3.9 Italy
- 4.3.9.1 Market by Application
- 4.3.9.2 Market by Product
- 4.3.10 Rest-of-Europe
- 4.3.10.1 Market by Application
- 4.3.10.2 Market by Product
- 4.4 Asia-Pacific
- 4.4.1 Regional Overview
- 4.4.2 Driving Factors for Market Growth
- 4.4.3 Factors Challenging the Market
- 4.4.4 Application
- 4.4.5 Product
- 4.4.6 China
- 4.4.6.1 Market by Application
- 4.4.6.2 Market by Product
- 4.4.7 Japan
- 4.4.7.1 Market by Application
- 4.4.7.2 Market by Product
- 4.4.8 India
- 4.4.8.1 Market by Application
- 4.4.8.2 Market by Product
- 4.4.9 South Korea
- 4.4.9.1 Market by Application
- 4.4.9.2 Market by Product
- 4.4.10 Rest-of-Asia-Pacific
- 4.4.10.1 Market by Application
- 4.4.10.2 Market by Product
- 4.5 Rest-of-the-World
- 4.5.1 Regional Overview
- 4.5.2 Driving Factors for Market Growth
- 4.5.3 Factors Challenging the Market
- 4.5.4 Application
- 4.5.5 Product
- 4.5.6 South America
- 4.5.6.1 Market by Application
- 4.5.6.2 Market by Product
- 4.5.7 Middle East and Africa
- 4.5.7.1 Market by Application
- 4.5.7.2 Market by Product
- 5. Companies Profiled
- 5.1 Next Frontiers
- 5.2 Geographic Assessment
- 5.2.1 Daimler Truck AG
- 5.2.1.1 Overview
- 5.2.1.2 Top Products/Product Portfolio
- 5.2.1.3 Top Competitors
- 5.2.1.4 Target Customers
- 5.2.1.5 Key Personnel
- 5.2.1.6 Analyst View
- 5.2.1.7 Market Share
- 5.2.2 AB Volvo
- 5.2.2.1 Overview
- 5.2.2.2 Top Products/Product Portfolio
- 5.2.2.3 Top Competitors
- 5.2.2.4 Target Customers
- 5.2.2.5 Key Personnel
- 5.2.2.6 Analyst View
- 5.2.2.7 Market Share
- 5.2.3 Mitsubishi Fuso Truck and Bus Corporation
- 5.2.3.1 Overview
- 5.2.3.2 Top Products/Product Portfolio
- 5.2.3.3 Top Competitors
- 5.2.3.4 Target Customers
- 5.2.3.5 Key Personnel
- 5.2.3.6 Analyst View
- 5.2.3.7 Market Share
- 5.2.4 Navistar Inc
- 5.2.4.1 Overview
- 5.2.4.2 Top Products/Product Portfolio
- 5.2.4.3 Top Competitors
- 5.2.4.4 Target Customers
- 5.2.4.5 Key Personnel
- 5.2.4.6 Analyst View
- 5.2.4.7 Market Share
- 5.2.5 Nikola Corporation
- 5.2.5.1 Overview
- 5.2.5.2 Top Products/Product Portfolio
- 5.2.5.3 Top Competitors
- 5.2.5.4 Target Customers
- 5.2.5.5 Key Personnel
- 5.2.5.6 Analyst View
- 5.2.5.7 Market Share
- 5.2.6 PACCAR Inc.
- 5.2.6.1 Overview
- 5.2.6.2 Top Products/Product Portfolio
- 5.2.6.3 Top Competitors
- 5.2.6.4 Target Customers
- 5.2.6.5 Key Personnel
- 5.2.6.6 Analyst View
- 5.2.6.7 Market Share
- 5.2.7 Denso Corporation
- 5.2.7.1 Overview
- 5.2.7.2 Top Products/Product Portfolio
- 5.2.7.3 Top Competitors
- 5.2.7.4 Target Customers
- 5.2.7.5 Key Personnel
- 5.2.7.6 Analyst View
- 5.2.7.7 Market Share
- 5.2.8 Scania
- 5.2.8.1 Overview
- 5.2.8.2 Top Products/Product Portfolio
- 5.2.8.3 Top Competitors
- 5.2.8.4 Target Customers
- 5.2.8.5 Key Personnel
- 5.2.8.6 Analyst View
- 5.2.8.7 Market Share
- 5.2.9 ISUZU MOTORS
- 5.2.9.1 Overview
- 5.2.9.2 Top Products/Product Portfolio
- 5.2.9.3 Top Competitors
- 5.2.9.4 Target Customers
- 5.2.9.5 Key Personnel
- 5.2.9.6 Analyst View
- 5.2.9.7 Market Share
- 5.2.10 MAN Truck & Bus AG
- 5.2.10.1 Overview
- 5.2.10.2 Top Products/Product Portfolio
- 5.2.10.3 Top Competitors
- 5.2.10.4 Target Customers
- 5.2.10.5 Key Personnel
- 5.2.10.6 Analyst View
- 5.2.10.7 Market Share
- 5.2.11 BYD Motors
- 5.2.11.1 Overview
- 5.2.11.2 Top Products/Product Portfolio
- 5.2.11.3 Top Competitors
- 5.2.11.4 Target Customers
- 5.2.11.5 Key Personnel
- 5.2.11.6 Analyst View
- 5.2.11.7 Market Share
- 5.2.12 Tata Motors Limited
- 5.2.12.1 Overview
- 5.2.12.2 Top Products/Product Portfolio
- 5.2.12.3 Top Competitors
- 5.2.12.4 Target Customers
- 5.2.12.5 Key Personnel
- 5.2.12.6 Analyst View
- 5.2.12.7 Market Share
- 5.2.13 Hyundai Motor Company
- 5.2.13.1 Overview
- 5.2.13.2 Top Products/Product Portfolio
- 5.2.13.3 Top Competitors
- 5.2.13.4 Target Customers
- 5.2.13.5 Key Personnel
- 5.2.13.6 Analyst View
- 5.2.13.7 Market Share
- 5.2.14 General Motors
- 5.2.14.1 Overview
- 5.2.14.2 Top Products/Product Portfolio
- 5.2.14.3 Top Competitors
- 5.2.14.4 Target Customers
- 5.2.14.5 Key Personnel
- 5.2.14.6 Analyst View
- 5.2.14.7 Market Share
- 5.2.15 Ford Motor Company
- 5.2.15.1 Overview
- 5.2.15.2 Top Products/Product Portfolio
- 5.2.15.3 Top Competitors
- 5.2.15.4 Target Customers
- 5.2.15.5 Key Personnel
- 5.2.15.6 Analyst View
- 5.2.15.7 Market Share
- 6. Research Methodology
Research Assistance
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