Automated Trucks Market

Automated Trucks Market (Level of Automation: Level 1, Level 2, Level 3, Level 4, and Level 5) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2031

Global Automated Trucks Market Outlook 2031

  • The global industry was valued at US$ 386.5 Mn in 2022
  • It is estimated to advance at a CAGR of 19.4% from 2023 to 2031 and reach US$ 1.9 Bn by the end of 2031

Analysts’ Viewpoint on Market Scenario

Rise in electrification in the transportation sector and surge in adoption of automated vehicles in the logistics sector are expected to propel the automated trucks market size during the forecast period. Automated trucks are gaining traction in numerous industries such as agriculture, building & construction, mining, and infrastructure.

R&D of new products and growth in focus on road safety are likely to offer lucrative opportunities to players in the global automated trucks industry. However, high price and maintenance requirements are projected to limit the automated trucks market growth in the near future. Thus, automated truck manufacturers are investing in the development of affordable products.

Automated Trucks Market

Market Introduction

Automated trucks, also known as autonomous trucks, are operated using various technologies such as LiDAR, RADAR, and optical cameras. These technologies gather data from the surroundings and make decisions based on the algorithms under certain environmental conditions. These trucks are integrated with different levels of automation including level 1, level 2, level 3, level 4, and level 5. Level 1 to level 3 vehicles are semi-automated while level 4 and level 5 are fully automated and are often considered as self-driving vehicles.

Automated trucks are gaining attraction in various end-use industries including packaging, logistics, and food & beverage. Rise in demand for last-mile delivery and growth in e-commerce and construction sectors are anticipated to augment the automated trucks market development. Automated trucks are also gaining popularity in waste management.

Regulatory organizations across the globe are enforcing stringent emission standards to cut down on carbon emissions. Traditional trucks that run on fuel emit carbon dioxide. Thus, major feel operators are shifting to automated trucks to meet their sustainability targets.

Rise in Electrification in Transportation Sector Boosting Automated Trucks Market Trajectory

Electrification in the transportation sector has led to the development of self-driving technologies. Most automated truck companies are testing driverless vehicles to increase their market revenue. In 2019, Daimler AG began testing its level 4 autonomous trucks in Virginia, U.S. Ford, GMC, and Tesla are also testing their autonomous trucks. Semi-autonomous pickup trucks are gaining traction in the U.S. which is anticipated to propel the automated trucks market value in the next few years.

Electric and hybrid electric vehicles offer various benefits including cheaper operating and maintenance expenses as well as reduced pollution. Hence, major countries worldwide are promoting the use of electric trucks and other hybrid vehicles.

Surge in Adoption of Automated Vehicles in Logistics Sector

Commercial trucks play an important role in the logistics sector as they are used for various processes such as docking, undocking, and transporting goods. These processes require enormous time and labor. Growth in the logistics sector is fueling the automated trucks market statistics. According to Armstrong & Associates, the logistics sector contributes around 12% of the global GDP. Additionally, the trucking sector currently accounts for 43% of total global logistics costs, which is approximately US$ 4.1 trn. This is projected to reach US$ 5.5 trn by 2027.

According to the American Trucking Association (ATA), inland freight transport accounts for 80.7% of the trucking sector in the U.S. The sector was valued at US$ 940.8 Bn and was responsible for moving around 11.46 billion tons of freights in 2022. As per the ATA, the sector is expected to grow by 40% in the near future. Hence, expansion in the trucking sector is driving the automated trucks market progress.

Automation in the transport sector can significantly decrease goods transport and labor costs. Hence, companies in the sector are focused on automating freight forwarding and other processes. Automation in logistics trucks helps record real-time data and track location. It also aids in avoiding collisions and accidents with the help of collision detection, ADAS, driver monitoring, and other advanced systems.

High Demand for Level 1 Automation

According to the latest automated trucks market trends, level 1 was the largest level of automation segment in 2022. Level 1 automation offers truck cruise control and automated braking systems. Level 3 automated trucks are also gaining traction among end-users as they are a cleaner, safer, and more efficient mode of transportation.

Automatic Emergency Braking (AEB) Gaining Popularity

According to the latest automated trucks market analysis, the Automatic Emergency Braking (AEB) ADAS feature segment accounted for major share in 2022. Growth of the segment can be ascribed to rise in focus on truck safety. Government authorities and OEMs are implementing necessary actions to improve the logistics and transportation sectors. They are focused on addressing a wide range of challenges including traffic congestion and road accidents. This, in turn, is projected to boost demand for AEB systems in the next few years.

According to the Motor & Equipment Manufacturers Association (MEMA), Adaptive Cruise Control (ACC), Automatic Emergency Braking (AEB), Blind Spot Detection (BSD), Traffic Jam Assist (TJA), and Intelligent Park Assist (IPA) have the potential to prevent approximately 40% of accidents or crashes on roads every year.

Regional Outlook

According to the latest automated trucks market forecast, North America is expected to hold largest share from 2023 to 2031. Presence of major OEMs and tier-1 suppliers is driving the market dynamics of North America and Europe. Rise in investment in the R&D of driverless cars as well as sensors and components, such as cameras, RADAR, and LiDAR, is also propelling market expansion in these regions.

Lack of infrastructure is a major factor limiting the automated trucks industry growth in Asia Pacific. However, rapid economic development and surge in government investment in infrastructure development, especially in China and India, are anticipated to offer lucrative automated trucks market opportunities to vendors. The sector in Middle East & Africa is driven by the increase in investment in infrastructure development and mining activities.

Analysis of Key Players

Most firms are investing significantly in the R&D of new products to expand their product portfolio. They are also adopting various growth strategies, such as M&As, partnerships, and collaborations, to broaden their customer base.

AB Volvo, Aptiv, Autonomous Solutions Inc., Caterpillar Inc., Continental AG, Daimler AG, Denso Corporation, Embark Trucks, Inc., Hitachi Ltd., Intel Corporation, Komatsu Corporation, NVIDIA Corporation, PACCAR, Inc., Qualcomm Technologies, Inc., Robert Bosch GmbH, Valeo, Waymo LLC, Tesla, and ZF Friedrichshafen AG are major companies operating in the market.

Each of these players has been profiled in the automated trucks market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.

Key Developments

  • In September 2023, Volvo Autonomous Solutions (V.A.S.) and Boliden signed a Memorandum of Understanding (MoU) to implement autonomous transport solutions as a part of Boliden’s operations. The collaboration is expected to cover numerous projects including the deployment of autonomous transport solutions at Boliden’s Garpenberg site in Sweden.
  • In August 2023, Volvo Autonomous Solutions (V.A.S.) reported the development of autonomous Volvo FH trucks for Bronnoy Kalk, a quarry in Norway. The trucks can operate in extremely challenging conditions such as extreme weather, long stretches of dark tunnels, and steep inclinations.

Automated Trucks Market Snapshot

Attribute Detail
Market Value in 2022 (Base Year) US$ 386.5 Mn
Market Forecast Value in 2031 US$ 1.9 Bn
Growth Rate (CAGR) 19.4%
Forecast Period 2023-2031
Quantitative Units US$ Mn/Bn for Value and Units for Volume
Market Analysis It includes cross segment analysis at global as well as regional level. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porters Five Forces analysis, Value chain analysis, industry trend analysis, etc.
Competition Landscape
  • Market Share Analysis by Company (2022)
  • Company Profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, key financials, etc.
Format Electronic (PDF) + Excel
Market Segmentation
  • By Level of Automation
    • Level 1
    • Level 2
    • Level 3
    • Level 4
    • Level 5
  • By ADAS Feature
    • Adaptive Cruise Control (ACC)
    • Automatic Emergency Braking (AEB)
    • Blind Spot Detection (BSD)
    • Intelligent Park Assist (IPA)
    • Lane Keep Assist (LKA)
    • Traffic Jam Assist (TJA)
    • Others
  • By Truck Class
    • Class 1 to Class 3 (Light Duty Truck)
    • Class 4 to Class 6 (Medium Duty Truck)
    • Class 7 & Class 8 (Heavy Duty Truck)
  • By Sensor
    • Camera
    • RADAR
    • LiDAR
    • Ultrasonic
    • Others
  • By Propulsion
    • Diesel
    • Gasoline
    • Electric
    • Hybrid
Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America
Countries Covered
  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe
  • Japan
  • China
  • India
  • South Korea
  • ASEAN Countries
  • ANZ
  • Brazil
  • Argentina
  • Mexico
  • GCC
  • Turkey
  • South Africa
Companies Profiled
  • AB Volvo
  • Aptiv
  • Autonomous Solutions Inc.
  • Caterpillar Inc.
  • Continental AG
  • Daimler AG
  • Denso Corporation
  • Embark Trucks, Inc.
  • Hitachi Ltd.
  • Intel Corporation
  • Komatsu Corporation
  • NVIDIA Corporation
  • PACCAR, Inc.
  • Qualcomm Technologies, Inc.
  • Robert Bosch GmbH
  • Valeo
  • Waymo LLC
  • ZF Friedrichshafen AG
  • Tesla
  • Other Key Players
Customization Scope Available upon Request
Pricing Available upon Request

Frequently Asked Questions

How big was the automated trucks market in 2022?

It was valued at US$ 386.5 Mn in 2022

How is the automated trucks industry expected to grow during the forecast period?

It is projected to advance at a CAGR of 19.4% from 2023 to 2031

How much worth will the automated trucks business be in 2031?

It is anticipated to reach US$ 1.9 Bn by the end of 2031

What are the key factors driving the demand for automated trucks?

Rise in electrification in transportation sector and surge in adoption of automated vehicles in logistics sector

Which automated trucks ADAS features segment held largest share in 2022?

The Automatic Emergency Braking (AEB) segment held largest share in 2022

Which region is likely to record the highest demand for automated trucks?

North America is projected to hold largest share from 2023 to 2031

Who are the prominent automated truck manufacturers?

AB Volvo, Aptiv, Autonomous Solutions Inc., Caterpillar Inc., Continental AG, Daimler AG, Denso Corporation, Embark Trucks, Inc., Hitachi Ltd., Intel Corporation, Komatsu Corporation, NVIDIA Corporation, PACCAR, Inc., Qualcomm Technologies, Inc., Robert Bosch GmbH, Valeo, Waymo LLC, Tesla, and ZF Friedrichshafen AG

1. Global Automated Trucks Market - Executive Summary

    1.1. Market Size, US$ Mn, 2017-2031

    1.2. Market Analysis and Key Segment Analysis

    1.3. TMR Analysis and Recommendations

2. Market Overview

    2.1. Macro-economic Factors

    2.2. Market Dynamics

        2.2.1. Drivers

        2.2.2. Restraints

        2.2.3. Opportunity

    2.3. Market Factor Analysis

        2.3.1. Porter’s Five Force Analysis

        2.3.2. PESTEL Analysis

        2.3.3. Value Chain Analysis

            2.3.3.1. List of Key Manufacturers

            2.3.3.2. List of Customers

            2.3.3.3. Level of Integration

        2.3.4. SWOT Analysis

    2.4. Key Trend Analysis

        2.4.1. Automotive Industry Trend

        2.4.2. Level of Automation/ Product Trend

    2.5. Regulatory Scenario

    2.6. Price Trend Analysis & Forecast, 2017-2031

    2.7. Automated Trucks Market: Impact Factors

    2.8. Automated Trucks Market: High Potential Markets

3. Global Automated Trucks Market, by Level of Automation

    3.1. Market Snapshot

        3.1.1. Introduction & Definition

        3.1.2. Market Growth & Y-o-Y Projections

        3.1.3. Base Point Share Analysis

    3.2. Global Automated Trucks Market Size (Units) & Revenue (US$ Mn) Analysis & Forecast, by Level of Automation, 2017-2031

        3.2.1. Level 1

        3.2.2. Level 2

        3.2.3. Level 3

        3.2.4. Level 4

        3.2.5. Level 5

4. Global Automated Trucks Market, by ADAS Feature

    4.1. Market Snapshot

        4.1.1. Introduction & Definition

        4.1.2. Market Growth & Y-o-Y Projections

        4.1.3. Base Point Share Analysis

    4.2. Global Automated Trucks Automated Trucks Market Size Revenue (US$ Mn) Analysis & Forecast, by ADAS Feature, 2017-2031

        4.2.1. Adaptive Cruise Control (ACC)

        4.2.2. Automatic Emergency Braking (AEB)

        4.2.3. Blind Spot Detection (BSD)

        4.2.4. Intelligent Park Assist (IPA)

        4.2.5. Lane Keep Assist (LKA)

        4.2.6. Traffic Jam Assist (TJA)

        4.2.7. Others

5. Global Automated Trucks Market, by Truck Class

    5.1. Market Snapshot

        5.1.1. Introduction & Definition

        5.1.2. Market Growth & Y-o-Y Projections

        5.1.3. Base Point Share Analysis

    5.2. Global Automated Trucks Market Size (Units) & Revenue (US$ Mn) Analysis & Forecast, by Truck Class, 2017-2031

        5.2.1. Class 1 to Class 3 (Light Duty Truck)

        5.2.2. Class 4 to Class 6 (Medium Duty Truck)

        5.2.3. Class 7 & Class 8 (Heavy Duty Truck)

6. Global Automated Trucks Market, by Sensor

    6.1. Market Snapshot

        6.1.1. Introduction & Definition

        6.1.2. Market Growth & Y-o-Y Projections

        6.1.3. Base Point Share Analysis

    6.2. Global Automated Trucks Automated Trucks Market Size Revenue (US$ Mn) Analysis & Forecast, by Sensor, 2017-2031

        6.2.1. Camera

        6.2.2. RADAR

        6.2.3. LiDAR

        6.2.4. Ultrasonic

        6.2.5. Others

7. Global Automated Trucks Market, by Propulsion

    7.1. Market Snapshot

        7.1.1. Introduction & Definition

        7.1.2. Market Growth & Y-o-Y Projections

        7.1.3. Base Point Share Analysis

    7.2. Global Automated Trucks Market Size (Units) & Revenue (US$ Mn) Analysis & Forecast, by Propulsion, 2017-2031

        7.2.1. Diesel

        7.2.2. Gasoline

        7.2.3. Electric

        7.2.4. Hybrid

8. Global Automated Trucks Market, by Region

    8.1. Market Snapshot

        8.1.1. Introduction & Definition

        8.1.2. Market Growth & Y-o-Y Projections

        8.1.3. Base Point Share Analysis

    8.2. Global Automated Trucks Market Size (Units) & Revenue (US$ Mn) Analysis & Forecast, by Region, 2017-2031

        8.2.1. North America

        8.2.2. Europe

        8.2.3. Asia Pacific

        8.2.4. Middle East & Africa

        8.2.5. Latin America

9. North America Automated Trucks Market

    9.1. Market Snapshot

        9.1.1. Introduction & Definition

        9.1.2. Market Growth & Y-o-Y Projections

        9.1.3. Base Point Share Analysis

    9.2. Automated Trucks Market Size Volume (Units) & Revenue (US$ Mn) Analysis & Forecast, by Level of Automation, 2017-2031

        9.2.1. Level 1

        9.2.2. Level 2

        9.2.3. Level 3

        9.2.4. Level 4

        9.2.5. Level 5

    9.3. Automated Trucks Market Size Revenue (US$ Mn) Analysis & Forecast, by ADAS Feature, 2017-2031

        9.3.1. Adaptive Cruise Control (ACC)

        9.3.2. Automatic Emergency Braking (AEB)

        9.3.3. Blind Spot Detection (BSD)

        9.3.4. Intelligent Park Assist (IPA)

        9.3.5. Lane Keep Assist (LKA)

        9.3.6. Traffic Jam Assist (TJA)

        9.3.7. Others

    9.4. Automated Trucks Market Size Volume (Units) & Revenue (US$ Mn) Analysis & Forecast, by Truck Class, 2017-2031

        9.4.1. Class 1 to Class 3 (Light Duty Truck)

        9.4.2. Class 4 to Class 6 (Medium Duty Truck)

        9.4.3. Class 7 & Class 8 (Heavy Duty Truck)

    9.5. Automated Trucks Market Size Revenue (US$ Mn) Analysis & Forecast, by Sensor, 2017-2031

        9.5.1. Camera

        9.5.2. RADAR

        9.5.3. LiDAR

        9.5.4. Ultrasonic

        9.5.5. Others

    9.6. Automated Trucks Market Size Volume (Units) & Revenue (US$ Mn) Analysis & Forecast, by Propulsion, 2017-2031

        9.6.1. Diesel

        9.6.2. Gasoline

        9.6.3. Electric

        9.6.4. Hybrid

    9.7. Automated Trucks Market Size Volume (Units) & Revenue (US$ Mn) Analysis & Forecast, by Country, 2017-2031

        9.7.1. U.S.

        9.7.2. Canada

10. Europe Automated Trucks Market

    10.1. Market Snapshot

        10.1.1. Introduction & Definition

        10.1.2. Market Growth & Y-o-Y Projections

        10.1.3. Base Point Share Analysis

    10.2. Automated Trucks Market Size Volume (Units) & Revenue (US$ Mn) Analysis & Forecast, by Level of Automation, 2017-2031

        10.2.1. Level 1

        10.2.2. Level 2

        10.2.3. Level 3

        10.2.4. Level 4

        10.2.5. Level 5

    10.3. Automated Trucks Market Size Revenue (US$ Mn) Analysis & Forecast, by ADAS Feature, 2017-2031

        10.3.1. Adaptive Cruise Control (ACC)

        10.3.2. Automatic Emergency Braking (AEB)

        10.3.3. Blind Spot Detection (BSD)

        10.3.4. Intelligent Park Assist (IPA)

        10.3.5. Lane Keep Assist (LKA)

        10.3.6. Traffic Jam Assist (TJA)

        10.3.7. Others

    10.4. Automated Trucks Market Size Volume (Units) & Revenue (US$ Mn) Analysis & Forecast, by Truck Class, 2017-2031

        10.4.1. Class 1 to Class 3 (Light Duty Truck)

        10.4.2. Class 4 to Class 6 (Medium Duty Truck)

        10.4.3. Class 7 & Class 8 (Heavy Duty Truck)

    10.5. Automated Trucks Market Size Revenue (US$ Mn) Analysis & Forecast, by Sensor, 2017-2031

        10.5.1. Camera

        10.5.2. RADAR

        10.5.3. LiDAR

        10.5.4. Ultrasonic

        10.5.5. Others

    10.6. Automated Trucks Market Size Volume (Units) & Revenue (US$ Mn) Analysis & Forecast, by Propulsion, 2017-2031

        10.6.1. Diesel

        10.6.2. Gasoline

        10.6.3. Electric

        10.6.4. Hybrid

    10.7. Automated Trucks Market Size Volume (Units) & Revenue (US$ Mn) Analysis & Forecast, by Country, 2017-2031

        10.7.1. Germany

        10.7.2. U.K.

        10.7.3. France

        10.7.4. Italy

        10.7.5. Spain

        10.7.6. Russia & CIS

        10.7.7. Rest of Europe

11. Asia Pacific Automated Trucks Market

    11.1. Market Snapshot

        11.1.1. Introduction & Definition

        11.1.2. Market Growth & Y-o-Y Projections

        11.1.3. Base Point Share Analysis

    11.2. Automated Trucks Market Size Volume (Units) & Revenue (US$ Mn) Analysis & Forecast, by Level of Automation, 2017-2031

        11.2.1. Level 1

        11.2.2. Level 2

        11.2.3. Level 3

        11.2.4. Level 4

        11.2.5. Level 5

    11.3. Automated Trucks Market Size Revenue (US$ Mn) Analysis & Forecast, by ADAS Feature, 2017-2031

        11.3.1. Adaptive Cruise Control (ACC)

        11.3.2. Automatic Emergency Braking (AEB)

        11.3.3. Blind Spot Detection (BSD)

        11.3.4. Intelligent Park Assist (IPA)

        11.3.5. Lane Keep Assist (LKA)

        11.3.6. Traffic Jam Assist (TJA)

        11.3.7. Others

    11.4. Automated Trucks Market Size Volume (Units) & Revenue (US$ Mn) Analysis & Forecast, by Truck Class, 2017-2031

        11.4.1. Class 1 to Class 3 (Light Duty Truck)

        11.4.2. Class 4 to Class 6 (Medium Duty Truck)

        11.4.3. Class 7 & Class 8 (Heavy Duty Truck)

    11.5. Automated Trucks Market Size Revenue (US$ Mn) Analysis & Forecast, by Sensor, 2017-2031

        11.5.1. Camera

        11.5.2. RADAR

        11.5.3. LiDAR

        11.5.4. Ultrasonic

        11.5.5. Others

    11.6. Automated Trucks Market Size Volume (Units) & Revenue (US$ Mn) Analysis & Forecast, by Propulsion, 2017-2031

        11.6.1. Diesel

        11.6.2. Gasoline

        11.6.3. Electric

        11.6.4. Hybrid

    11.7. Automated Trucks Market Size Volume (Units) & Revenue (US$ Mn) Analysis & Forecast, by Country, 2017-2031

        11.7.1. China

        11.7.2. India

        11.7.3. Japan

        11.7.4. ASEAN

        11.7.5. ANZ

        11.7.6. South Korea

        11.7.7. Rest of Asia Pacific

12. Middle East & Africa Automated Trucks Market

    12.1. Market Snapshot

        12.1.1. Introduction & Definition

        12.1.2. Market Growth & Y-o-Y Projections

        12.1.3. Base Point Share Analysis

    12.2. Automated Trucks Market Size Volume (Units) & Revenue (US$ Mn) Analysis & Forecast, by Level of Automation, 2017-2031

        12.2.1. Level 1

        12.2.2. Level 2

        12.2.3. Level 3

        12.2.4. Level 4

        12.2.5. Level 5

    12.3. Automated Trucks Market Size Revenue (US$ Mn) Analysis & Forecast, by ADAS Feature, 2017-2031

        12.3.1. Adaptive Cruise Control (ACC)

        12.3.2. Automatic Emergency Braking (AEB)

        12.3.3. Blind Spot Detection (BSD)

        12.3.4. Intelligent Park Assist (IPA)

        12.3.5. Lane Keep Assist (LKA)

        12.3.6. Traffic Jam Assist (TJA)

        12.3.7. Others

    12.4. Automated Trucks Market Size Volume (Units) & Revenue (US$ Mn) Analysis & Forecast, by Truck Class, 2017-2031

        12.4.1. Class 1 to Class 3 (Light Duty Truck)

        12.4.2. Class 4 to Class 6 (Medium Duty Truck)

        12.4.3. Class 7 & Class 8 (Heavy Duty Truck)

    12.5. Automated Trucks Market Size Revenue (US$ Mn) Analysis & Forecast, by Sensor, 2017-2031

        12.5.1. Camera

        12.5.2. RADAR

        12.5.3. LiDAR

        12.5.4. Ultrasonic

        12.5.5. Others

    12.6. Automated Trucks Market Size Volume (Units) & Revenue (US$ Mn) Analysis & Forecast, by Propulsion, 2017-2031

        12.6.1. Diesel

        12.6.2. Gasoline

        12.6.3. Electric

        12.6.4. Hybrid

    12.7. Automated Trucks Market Size Volume (Units) & Revenue (US$ Mn) Analysis & Forecast, by Country, 2017-2031

        12.7.1. GCC

        12.7.2. South Africa

        12.7.3. Turkey

        12.7.4. Rest of Middle East & Africa

13. Latin America Automated Trucks Market

    13.1. Market Snapshot

        13.1.1. Introduction & Definition

        13.1.2. Market Growth & Y-o-Y Projections

        13.1.3. Base Point Share Analysis

    13.2. Automated Trucks Market Size Volume (Units) & Revenue (US$ Mn) Analysis & Forecast, by Level of Automation, 2017-2031

        13.2.1. Level 1

        13.2.2. Level 2

        13.2.3. Level 3

        13.2.4. Level 4

        13.2.5. Level 5

    13.3. Automated Trucks Market Size Revenue (US$ Mn) Analysis & Forecast, by ADAS Feature, 2017-2031

        13.3.1. Adaptive Cruise Control (ACC)

        13.3.2. Automatic Emergency Braking (AEB)

        13.3.3. Blind Spot Detection (BSD)

        13.3.4. Intelligent Park Assist (IPA)

        13.3.5. Lane Keep Assist (LKA)

        13.3.6. Traffic Jam Assist (TJA)

        13.3.7. Others

    13.4. Automated Trucks Market Size Volume (Units) & Revenue (US$ Mn) Analysis & Forecast, by Truck Class, 2017-2031

        13.4.1. Class 1 to Class 3 (Light Duty Truck)

        13.4.2. Class 4 to Class 6 (Medium Duty Truck)

        13.4.3. Class 7 & Class 8 (Heavy Duty Truck)

    13.5. Automated Trucks Market Size Revenue (US$ Mn) Analysis & Forecast, by Sensor, 2017-2031

        13.5.1. Camera

        13.5.2. RADAR

        13.5.3. LiDAR

        13.5.4. Ultrasonic

        13.5.5. Others

    13.6. Automated Trucks Market Size Volume (Units) & Revenue (US$ Mn) Analysis & Forecast, by Propulsion, 2017-2031

        13.6.1. Diesel

        13.6.2. Gasoline

        13.6.3. Electric

        13.6.4. Hybrid

    13.7. Automated Trucks Market Size Volume (Units) & Revenue (US$ Mn) Analysis & Forecast, by Country, 2017-2031

        13.7.1. Brazil

        13.7.2. Mexico

        13.7.3. Rest of Latin America

14. Competition Assessment

    14.1. Target Market Competition - a Dashboard View

    14.2. Target Market Structure Analysis

    14.3. Target Market Company Share Analysis

        14.3.1. For Tier 1 Market Players, 2022

15. Company Profile (**Company Overview, Company Footprints, Product Portfolio, Strategy Overview, Recent Developments, Financial Analysis, Revenue Share, Executive Bios)

    15.1. AB Volvo

        15.1.1. Company Overview

        15.1.2. Company Footprints

        15.1.3. Product Portfolio

        15.1.4. Strategy Overview

        15.1.5. Recent Developments

        15.1.6. Financial Analysis

        15.1.7. Revenue Share

        15.1.8. Executive Bios

    15.2. Aptiv

        15.2.1. Company Overview

        15.2.2. Company Footprints

        15.2.3. Product Portfolio

        15.2.4. Strategy Overview

        15.2.5. Recent Developments

        15.2.6. Financial Analysis

        15.2.7. Revenue Share

        15.2.8. Executive Bios

    15.3. Autonomous Solutions Inc.

        15.3.1. Company Overview

        15.3.2. Company Footprints

        15.3.3. Product Portfolio

        15.3.4. Strategy Overview

        15.3.5. Recent Developments

        15.3.6. Financial Analysis

        15.3.7. Revenue Share

        15.3.8. Executive Bios

    15.4. Caterpillar Inc.

        15.4.1. Company Overview

        15.4.2. Company Footprints

        15.4.3. Product Portfolio

        15.4.4. Strategy Overview

        15.4.5. Recent Developments

        15.4.6. Financial Analysis

        15.4.7. Revenue Share

        15.4.8. Executive Bios

    15.5. Continental AG

        15.5.1. Company Overview

        15.5.2. Company Footprints

        15.5.3. Product Portfolio

        15.5.4. Strategy Overview

        15.5.5. Recent Developments

        15.5.6. Financial Analysis

        15.5.7. Revenue Share

        15.5.8. Executive Bios

    15.6. Daimler AG

        15.6.1. Company Overview

        15.6.2. Company Footprints

        15.6.3. Product Portfolio

        15.6.4. Strategy Overview

        15.6.5. Recent Developments

        15.6.6. Financial Analysis

        15.6.7. Revenue Share

        15.6.8. Executive Bios

    15.7. Denso Corporation

        15.7.1. Company Overview

        15.7.2. Company Footprints

        15.7.3. Product Portfolio

        15.7.4. Strategy Overview

        15.7.5. Recent Developments

        15.7.6. Financial Analysis

        15.7.7. Revenue Share

        15.7.8. Executive Bios

    15.8. Embark Trucks, Inc.

        15.8.1. Company Overview

        15.8.2. Company Footprints

        15.8.3. Product Portfolio

        15.8.4. Strategy Overview

        15.8.5. Recent Developments

        15.8.6. Financial Analysis

        15.8.7. Revenue Share

        15.8.8. Executive Bios

    15.9. Hitachi Ltd.

        15.9.1. Company Overview

        15.9.2. Company Footprints

        15.9.3. Product Portfolio

        15.9.4. Strategy Overview

        15.9.5. Recent Developments

        15.9.6. Financial Analysis

        15.9.7. Revenue Share

        15.9.8. Executive Bios

    15.10. Intel Corporation

        15.10.1. Company Overview

        15.10.2. Company Footprints

        15.10.3. Product Portfolio

        15.10.4. Strategy Overview

        15.10.5. Recent Developments

        15.10.6. Financial Analysis

        15.10.7. Revenue Share

        15.10.8. Executive Bios

    15.11. Komatsu Corporation

        15.11.1. Company Overview

        15.11.2. Company Footprints

        15.11.3. Product Portfolio

        15.11.4. Strategy Overview

        15.11.5. Recent Developments

        15.11.6. Financial Analysis

        15.11.7. Revenue Share

        15.11.8. Executive Bios

    15.12. NVIDIA Corporation

        15.12.1. Company Overview

        15.12.2. Company Footprints

        15.12.3. Product Portfolio

        15.12.4. Strategy Overview

        15.12.5. Recent Developments

        15.12.6. Financial Analysis

        15.12.7. Revenue Share

        15.12.8. Executive Bios

    15.13. PACCAR, Inc.

        15.13.1. Company Overview

        15.13.2. Company Footprints

        15.13.3. Product Portfolio

        15.13.4. Strategy Overview

        15.13.5. Recent Developments

        15.13.6. Financial Analysis

        15.13.7. Revenue Share

        15.13.8. Executive Bios

    15.14. Qualcomm Technologies, Inc.

        15.14.1. Company Overview

        15.14.2. Company Footprints

        15.14.3. Product Portfolio

        15.14.4. Strategy Overview

        15.14.5. Recent Developments

        15.14.6. Financial Analysis

        15.14.7. Revenue Share

        15.14.8. Executive Bios

    15.15. Robert Bosch GmbH

        15.15.1. Company Overview

        15.15.2. Company Footprints

        15.15.3. Product Portfolio

        15.15.4. Strategy Overview

        15.15.5. Recent Developments

        15.15.6. Financial Analysis

        15.15.7. Revenue Share

        15.15.8. Executive Bios

    15.16. Valeo

        15.16.1. Company Overview

        15.16.2. Company Footprints

        15.16.3. Product Portfolio

        15.16.4. Strategy Overview

        15.16.5. Recent Developments

        15.16.6. Financial Analysis

        15.16.7. Revenue Share

        15.16.8. Executive Bios

    15.17. Tesla

        15.17.1. Company Overview

        15.17.2. Company Footprints

        15.17.3. Product Portfolio

        15.17.4. Strategy Overview

        15.17.5. Recent Developments

        15.17.6. Financial Analysis

        15.17.7. Revenue Share

        15.17.8. Executive Bios

    15.18. Waymo LLC

        15.18.1. Company Overview

        15.18.2. Company Footprints

        15.18.3. Product Portfolio

        15.18.4. Strategy Overview

        15.18.5. Recent Developments

        15.18.6. Financial Analysis

        15.18.7. Revenue Share

        15.18.8. Executive Bios

    15.19. ZF Friedrichshafen AG

        15.19.1. Company Overview

        15.19.2. Company Footprints

        15.19.3. Product Portfolio

        15.19.4. Strategy Overview

        15.19.5. Recent Developments

        15.19.6. Financial Analysis

        15.19.7. Revenue Share

        15.19.8. Executive Bios

    15.20. Other Players

        15.20.1. Company Overview

        15.20.2. Company Footprints

        15.20.3. Product Portfolio

        15.20.4. Strategy Overview

        15.20.5. Recent Developments

        15.20.6. Financial Analysis

        15.20.7. Revenue Share

        15.20.8. Executive Bios

List of Tables

Table 1: Levels of Automation Definitions

Table 2: Global Automated Trucks Market Volume (Units) Forecast, by Level of Automation, 2017-2031

Table 3: Global Automated Trucks Market Value (US$ Mn) Forecast, by Level of Automation, 2017-2031

Table 4: Global Automated Trucks Market Value (US$ Mn) Forecast, by ADAS Feature, 2017-2031

Table 5: Global Automated Trucks Market Volume (Units) Forecast, by Truck Class, 2017-2031

Table 6: Global Automated Trucks Market Value (US$ Mn) Forecast, by Truck Class, 2017-2031

Table 7: Global Automated Trucks Market Value (US$ Mn) Forecast, by Sensors, 2017-2031

Table 8: Global Automated Trucks Market Volume (Units) Forecast, by Propulsion, 2017-2031

Table 9: Global Automated Trucks Market Value (US$ Mn) Forecast, by Propulsion, 2017-2031

Table 10: Global Automated Trucks Market Volume (Units) Forecast, by Region, 2017-2031

Table 11: Global Automated Trucks Market Value (US$ Mn) Forecast, by Region, 2017-2031

Table 12: North America Automated Trucks Market Volume (Units) Forecast, by Level of Automation, 2017-2031

Table 13: North America Automated Trucks Market Value (US$ Mn) Forecast, by Level of Automation, 2017-2031

Table 14: North America Automated Trucks Market Value (US$ Mn) Forecast, by ADAS Feature, 2017-2031

Table 15: North America Automated Trucks Market Volume (Units) Forecast, by Truck Class, 2017-2031

Table 16: North America Automated Trucks Market Value (US$ Mn) Forecast, by Truck Class, 2017-2031

Table 17: North America Automated Trucks Market Value (US$ Mn) Forecast, by Sensors, 2017-2031

Table 18: North America Automated Trucks Market Volume (Units) Forecast, by Propulsion, 2017-2031

Table 19: North America Automated Trucks Market Value (US$ Mn) Forecast, by Propulsion, 2017-2031

Table 20: North America Automated Trucks Market Volume (Units) Forecast, by Country, 2017-2031

Table 21: North America Automated Trucks Market Value (US$ Mn) Forecast, by Country, 2017-2031

Table 22: Europe Automated Trucks Market Volume (Units) Forecast, by Level of Automation, 2017-2031

Table 23: Europe Automated Trucks Market Value (US$ Mn) Forecast, by Level of Automation, 2017-2031

Table 24: Europe Automated Trucks Market Value (US$ Mn) Forecast, by ADAS Feature, 2017-2031

Table 25: Europe Automated Trucks Market Volume (Units) Forecast, by Truck Class, 2017-2031

Table 26: Europe Automated Trucks Market Value (US$ Mn) Forecast, by Truck Class, 2017-2031

Table 27: Europe Automated Trucks Market Value (US$ Mn) Forecast, by Sensors, 2017-2031

Table 28: Europe Automated Trucks Market Volume (Units) Forecast, by Propulsion, 2017-2031

Table 29: Europe Automated Trucks Market Value (US$ Mn) Forecast, by Propulsion, 2017-2031

Table 30: Europe Automated Trucks Market Volume (Units) Forecast, by Country & Sub-region, 2017-2031

Table 31: Europe Automated Trucks Market Value (US$ Mn) Forecast, by Country & Sub-region, 2017-2031

Table 32: Asia Pacific Automated Trucks Market Volume (Units) Forecast, by Level of Automation, 2017-2031

Table 33: Asia Pacific Automated Trucks Market Value (US$ Mn) Forecast, by Level of Automation, 2017-2031

Table 34: Asia Pacific Automated Trucks Market Value (US$ Mn) Forecast, by ADAS Feature, 2017-2031

Table 35: Asia Pacific Automated Trucks Market Volume (Units) Forecast, by Truck Class, 2017-2031

Table 36: Asia Pacific Automated Trucks Market Value (US$ Mn) Forecast, by Truck Class, 2017-2031

Table 37: Asia Pacific Automated Trucks Market Value (US$ Mn) Forecast, by Sensors, 2017-2031

Table 38: Asia Pacific Automated Trucks Market Volume (Units) Forecast, by Propulsion, 2017-2031

Table 39: Asia Pacific Automated Trucks Market Value (US$ Mn) Forecast, by Propulsion, 2017-2031

Table 40: Asia Pacific Automated Trucks Market Volume (Units) Forecast, by Country & Sub-region, 2017-2031

Table 41: Asia Pacific Automated Trucks Market Value (US$ Mn) Forecast, by Country & Sub-region, 2017-2031

Table 42: Middle East & Africa Automated Trucks Market Volume (Units) Forecast, by Level of Automation, 2017-2031

Table 43: Middle East & Africa Automated Trucks Market Value (US$ Mn) Forecast, by Level of Automation, 2017-2031

Table 44: Middle East & Africa Automated Trucks Market Value (US$ Mn) Forecast, by ADAS Feature, 2017-2031

Table 45: Middle East & Africa Automated Trucks Market Volume (Units) Forecast, by Truck Class, 2017-2031

Table 46: Middle East & Africa Automated Trucks Market Value (US$ Mn) Forecast, by Truck Class, 2017-2031

Table 47: Middle East & Africa Automated Trucks Market Value (US$ Mn) Forecast, by Sensors, 2017-2031

Table 48: Middle East & Africa Automated Trucks Market Volume (Units) Forecast, by Propulsion, 2017-2031

Table 49: Middle East & Africa Automated Trucks Market Value (US$ Mn) Forecast, by Propulsion, 2017-2031

Table 50: Middle East & Africa Automated Trucks Market Volume (Units) Forecast, by Country & Sub-region, 2017-2031

Table 51: Middle East & Africa Automated Trucks Market Value (US$ Mn) Forecast, by Country & Sub-region, 2017-2031

Table 52: Latin America Automated Trucks Market Volume (Units) Forecast, by Level of Automation, 2017-2031

Table 53: Latin America Automated Trucks Market Value (US$ Mn) Forecast, by Level of Automation, 2017-2031

Table 54: Latin America Automated Trucks Market Value (US$ Mn) Forecast, by ADAS Feature, 2017-2031

Table 55: Latin America Automated Trucks Market Volume (Units) Forecast, by Truck Class, 2017-2031

Table 56: Latin America Automated Trucks Market Value (US$ Mn) Forecast, by Truck Class, 2017-2031

Table 57: Latin America Automated Trucks Market Value (US$ Mn) Forecast, by Sensors, 2017-2031

Table 58: Latin America Automated Trucks Market Volume (Units) Forecast, by Propulsion, 2017-2031

Table 59: Latin America Automated Trucks Market Value (US$ Mn) Forecast, by Propulsion, 2017-2031

Table 60: Latin America Automated Trucks Market Volume (Units) Forecast, by Country & Sub-region, 2017-2031

List of Figures

Figure 1: Global Automated Trucks Market Volume (Units) Forecast, 2017-2031

Figure 2: Global Automated Trucks Market Value (US$ Mn) Forecast, 2017-2031

Figure 3: Global Automated Trucks Market Value (US$ Mn) Forecast, by Level of Automation, 2017-2031

Figure 4: Global Automated Trucks Market Attractiveness, Value (US$ Mn), by Level of Automation, 2023-2031

Figure 5: Global Automated Trucks Market Value (US$ Mn) Forecast, by ADAS Feature, 2017-2031

Figure 6: Global Automated Trucks Market Attractiveness, Value (US$ Mn), by ADAS Feature, 2023-2031

Figure 7: Global Automated Trucks Market Value (US$ Mn) Forecast, by Truck Class, 2017-2031

Figure 8: Global Automated Trucks Market Attractiveness, Value (US$ Mn), by Truck Class, 2023-2031

Figure 9: Global Automated Trucks Market Value (US$ Mn) Forecast, by Sensor, 2017-2031

Figure 10: Global Automated Trucks Market Attractiveness, Value (US$ Mn), by Sensor, 2023-2031

Figure 11: Global Automated Trucks Market Value (US$ Mn) Forecast, by Propulsion, 2017-2031

Figure 12: Global Automated Trucks Market Attractiveness, Value (US$ Mn), by Propulsion, 2023-2031

Figure 13: Global Automated Trucks Market Value (US$ Mn) Forecast, by Region, 2017-2031

Figure 14: Global Automated Trucks Market Attractiveness, Value (US$ Mn), by Region, 2023-2031

Figure 15: North America Automated Trucks Market Value (US$ Mn) Forecast, 2017-2031

Figure 16: North America Automated Trucks Market Value (US$ Mn) Forecast, by Level of Automation, 2017-2031

Figure 17: North America Automated Trucks Market Attractiveness, Value (US$ Mn), by Level of Automation, 2023-2031

Figure 18: North America Automated Trucks Market Value (US$ Mn) Forecast, by ADAS Feature, 2017-2031

Figure 19: North America Automated Trucks Market Attractiveness, Value (US$ Mn), by ADAS Feature, 2023-2031

Figure 20: North America Automated Trucks Market Value (US$ Mn) Forecast, by Truck Class, 2017-2031

Figure 21: North America Automated Trucks Market Attractiveness, Value (US$ Mn), by Truck Class, 2023-2031

Figure 22: North America Automated Trucks Market Value (US$ Mn) Forecast, by Sensor, 2017-2031

Figure 23: North America Automated Trucks Market Attractiveness, Value (US$ Mn), by Sensor, 2023-2031

Figure 24: North America Automated Trucks Market Value (US$ Mn) Forecast, by Propulsion, 2017-2031

Figure 25: North America Automated Trucks Market Attractiveness, Value (US$ Mn), by Propulsion, 2023-2031

Figure 26: North America Automated Trucks Market Value (US$ Mn) Forecast, by Country, 2017-2031

Figure 27: North America Automated Trucks Market Attractiveness, Value (US$ Mn), by Country, 2023-2031

Figure 28: Europe Automated Trucks Market Value (US$ Mn) Forecast, 2017-2031

Figure 29: Europe Automated Trucks Market Value (US$ Mn) Forecast, by Level of Automation, 2017-2031

Figure 30: Europe Automated Trucks Market Attractiveness, Value (US$ Mn), by Level of Automation, 2023-2031

Figure 31: Europe Automated Trucks Market Value (US$ Mn) Forecast, by ADAS Feature, 2017-2031

Figure 32: Europe Automated Trucks Market Attractiveness, Value (US$ Mn), by ADAS Feature, 2023-2031

Figure 33: Europe Automated Trucks Market Value (US$ Mn) Forecast, by Truck Class, 2017-2031

Figure 34: Europe Automated Trucks Market Attractiveness, Value (US$ Mn), by Truck Class, 2023-2031

Figure 35: Europe Automated Trucks Market Value (US$ Mn) Forecast, by Sensor, 2017-2031

Figure 36: Europe Automated Trucks Market Attractiveness, Value (US$ Mn), by Sensor, 2023-2031

Figure 37: Europe Automated Trucks Market Value (US$ Mn) Forecast, by Propulsion, 2017-2031

Figure 38: Europe Automated Trucks Market Attractiveness, Value (US$ Mn), by Propulsion, 2023-2031

Figure 39: Europe Automated Trucks Market Value (US$ Mn) Forecast, by Country & Sub-region, 2017-2031

Figure 40: Europe Automated Trucks Market Attractiveness, Value (US$ Mn), by Country, 2023-2031

Figure 41: Asia Pacific Automated Trucks Market Value (US$ Mn) Forecast, 2017-2031

Figure 42: Asia Pacific Automated Trucks Market Value (US$ Mn) Forecast, by Level of Automation, 2017-2031

Figure 43: Asia Pacific Automated Trucks Market Attractiveness, Value (US$ Mn), by Level of Automation, 2023-2031

Figure 44: Asia Pacific Automated Trucks Market Value (US$ Mn) Forecast, by ADAS Feature, 2017-2031

Figure 45: Asia Pacific Automated Trucks Market Attractiveness, Value (US$ Mn), by ADAS Feature, 2023-2031

Figure 46: Asia Pacific Automated Trucks Market Value (US$ Mn) Forecast, by Truck Class, 2017-2031

Figure 47: Asia Pacific Automated Trucks Market Attractiveness, Value (US$ Mn), by Truck Class, 2023-2031

Figure 48: Asia Pacific Automated Trucks Market Value (US$ Mn) Forecast, by Sensor, 2017-2031

Figure 49: Asia Pacific Automated Trucks Market Attractiveness, Value (US$ Mn), by Sensor, 2023-2031

Figure 50: Asia Pacific Automated Trucks Market Value (US$ Mn) Forecast, by Propulsion, 2017-2031

Figure 51: Asia Pacific Automated Trucks Market Attractiveness, Value (US$ Mn), by Propulsion, 2023-2031

Figure 52: Asia Pacific Automated Trucks Market Value (US$ Mn) Forecast, by Country & Sub-region, 2017-2031

Figure 53: Asia Pacific Automated Trucks Market Attractiveness, Value (US$ Mn), by Country & Sub-region, 2023-2031

Figure 54: Middle East & Africa Automated Trucks Market Value (US$ Mn) Forecast, 2017-2031

Figure 55: Middle East & Africa Automated Trucks Market Value (US$ Mn) Forecast, by Level of Automation, 2017-2031

Figure 56: Middle East & Africa Automated Trucks Market Attractiveness, Value (US$ Mn), by Level of Automation, 2023-2031

Figure 57: Middle East & Africa Automated Trucks Market Value (US$ Mn) Forecast, by ADAS Feature, 2017-2031

Figure 58: Middle East & Africa Automated Trucks Market Attractiveness, Value (US$ Mn), by ADAS Feature, 2023-2031

Figure 59: Middle East & Africa Automated Trucks Market Value (US$ Mn) Forecast, by Truck Class, 2017-2031

Figure 60: Middle East & Africa Automated Trucks Market Attractiveness, Value (US$ Mn), by Truck Class, 2023-2031

Figure 61: Middle East & Africa Automated Trucks Market Value (US$ Mn) Forecast, by Sensor, 2017-2031

Figure 62: Middle East & Africa Automated Trucks Market Attractiveness, Value (US$ Mn), by Sensor, 2023-2031

Figure 63: Middle East & Africa Automated Trucks Market Value (US$ Mn) Forecast, by Propulsion, 2017-2031

Figure 64: Middle East & Africa Automated Trucks Market Attractiveness, Value (US$ Mn), by Propulsion, 2023-2031

Figure 65: Middle East & Africa Automated Trucks Market Value (US$ Mn) Forecast, by Country & Sub-region, 2017-2031

Figure 66: Middle East & Africa Automated Trucks Market Attractiveness, Value (US$ Mn), by Country & Sub-region, 2023-2031

Figure 67: Latin America Automated Trucks Market Value (US$ Mn) Forecast, 2017-2031

Figure 68: Latin America Automated Trucks Market Value (US$ Mn) Forecast, by Level of Automation, 2017-2031

Figure 69: Latin America Automated Trucks Market Attractiveness, Value (US$ Mn), by Level of Automation, 2023-2031

Figure 70: Latin America Automated Trucks Market Value (US$ Mn) Forecast, by ADAS Feature, 2017-2031

Figure 71: Latin America Automated Trucks Market Attractiveness, Value (US$ Mn), by ADAS Feature, 2023-2031

Figure 72: Latin America Automated Trucks Market Value (US$ Mn) Forecast, by Truck Class, 2017-2031

Figure 73: Latin America Automated Trucks Market Attractiveness, Value (US$ Mn), by Truck Class, 2023-2031

Figure 74: Latin America Automated Trucks Market Value (US$ Mn) Forecast, by Sensor, 2017-2031

Figure 75: Latin America Automated Trucks Market Attractiveness, Value (US$ Mn), by Sensor, 2023-2031

Figure 76: Latin America Automated Trucks Market Value (US$ Mn) Forecast, by Propulsion, 2017-2031

Figure 77: Latin America Automated Trucks Market Attractiveness, Value (US$ Mn), by Propulsion, 2023-2031

Figure 78: Latin America Automated Trucks Market Value (US$ Mn) Forecast, by Country & Sub-region, 2017-2031

Figure 79: Latin America Automated Trucks Market Attractiveness, Value (US$ Mn), by Country & Sub-region, 2023-2031

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