The growth of the autonomous truck sector is largely dependent on demonstrating the potential benefits whilst mitigating the associated costs. Truck manufacturers have different views on how the autonomous truck would function. Some are relying on the sensors and cameras of the vehicle, as it provides real time data for the truck to position itself in the traffic. Other manufacturers use high resolution maps for navigation. And some manufacturers are seeing the autonomous trucks connecting to each other on the road, forming trains of trucks following each other. However, if these technologies could be combined, the level of autonomous vehicle advancement would significantly increase. Nevertheless, the cost of the technology still remains relatively high and while the level of penetration is low, truck makers are developing ways of lowering the final price of the vehicle.
Download Free Sample Pages of this report
Autonomous trucks pose significant benefits to society, as the trucks will minimise the risks of accidents due to human error. This will not only save lives every year, but will also save money associated with truck accidents. Autonomous vehicles will also shape the insurance industry, saving millions of dollars.
- Growth opportunities in emerging markets
- Increasing trend of autonomous technologies
- Improving business conditions and company expansions
- Growing regulations regarding the safety and security of vehicle
Competitive landscape analysis of the top 20 companies developing autonomous trucks
- Alphabet Inc.
- Aptiv Plc
- Baidu Inc.
- BMW Group
- Continental AG
- Daimler AG
- Ford Motor Company
- General Motors Company
- Hyundai Motor Company
- Mobileye N.V. and
- Nikola Motor Company
- Paccar AG
- Robert Bosch GmbH
- Scania Group
- Tesla Motors Inc.
- Toyota Motor Corporation
- Volkswagen Group
- Volvo AB
Quantitative Market Analytics
- R&D spend forecast from 2018-2023
- Market share analysis
- SWOT analysis of the market.
- Drivers and restraints
Who should read this report: Directors of
- Automotive OEMs;
- Automotive truck solutions manufacturers;
- Automotive dealers;
- Automotive technology experts;
- Automotive associations;
- Automotive component manufacturers;
- Automobile engineering institutes and students;
- Automotive management companies and experts