Semi-Autonomous and Autonomous Truck Market : Market Size, Trends and Growth Analysis

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The future of the global semi autonomous and autonomous truck market looks promising with opportunities in opportunities in diesel, electric, and hybrid segments. The global semi autonomous and autonomous truck market is expected to decline in 2020 due to the global economic recession led by COVID-19. However, the market will witness recovery in the year 2021 and it is expected to grow 20%-22% from 2020 to 2026. The major growth drivers for this market are increase in road accidents, government regulations for safety features, reduction in delivery & transportation cost, and the increasing need for efficient and modern trucks.

Emerging trends, which have a direct impact on the dynamics of the industry, include usage of autonomous trucks for e-commerce deliveries and growing adaption of AI technology.

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The study includes trends and forecast for the global semi autonomous and autonomous truck market by level of automation, propulsion, application, truck class, ADAS features, sensor, and region as follows:

By Propulsion Type [Value ($ Million) and Volume (Thousand Tons) from 2015 to 2026]:

Diesel
Electric
Hybrid

By Level of Automation [Value ($ Million) from 2015 to 2026]:

Level 1
Level 2 & Level 3
Level 4
Level 5

By Application Type [Value ($ Million) from 2015 to 2026]:

Last-mile delivery truck
Mining Truck

By ADAS Features [Value ($ Million) from 2015 to 2026]:

By Sensor [Value ($ Million) from 2015 to 2026]:

Ultrasonic
Camera
LiDAR
Radar

By Region [Value ($ Million) and Volume (Thousand Tons) from 2015 to 2026]:

North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
APAC
China
India
Japan
ROW
Middle East
Brazil

Some of the companies profiled in this report include Continental, Bosch, Aptiv, AB Volvo, and Denso.

Lucintel forecasts that ultrasonic sensors will remain the largest segment and it is also expected to witness the highest growth over the forecast period because of short-range object detection and cost effectiveness.

Within the global semi autonomous and autonomous truck market, the last-mile delivery truck segment is expected to witness the highest growth over the forecast period due to cost saving and the shortage of human delivery driver/personnel and increasing e-commerce.

North America is expected to remain the largest market as North America is technology leader in autonomous technology and APAC is expected witness the highest growth rate over the forecast period due to China and Japan’s rapid progress toward vehicle automation and increasing safety regulations by various countries.

Features of the Global Semi Autonomous and Autonomous Truck Market

Market Size Estimates: Global semi autonomous and autonomous truck market size estimation in terms of value ($M) and volume (Thousand Tons) shipment.
Trend and Forecast Analysis: Market trends (2015-2020) and forecast (2021-2026) by various segments.
Segmentation Analysis: Global semi autonomous and autonomous truck market size by various segments, such as by level of automation, propulsion, application, truck class, ADAS features, and sensor in terms of value.
Regional Analysis: Global semi autonomous and autonomous truck market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different by level of automation, propulsion, application, truck class, ADAS features, sensor, and regions for the global semi autonomous and autonomous truck market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the global semi autonomous and autonomous truck market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

This report answers following 11 key questions

Q.1 What are some of the most promising growth opportunities for the global semi autonomous and autonomous truck market by propulsion (diesel, electric, and hybrid), level of automation (level 1, level 2 & level 3, level 4, and level 5), application (last-mile delivery truck and mining truck), ADAS features (ACC, AEB, BSD, LKA, IPA, TJA , and HP) sensors (ultrasonic, camera, LiDAR, and radar), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which region will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges, and business risks in this market?
Q.5 What are the business risks and competitive threats in this market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are some of the changing demands of customers in the market?
Q.8 What are the new developments in the market and which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being taken by key players for business growth?
Q.10 What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?
Q.11 What M & A activity has occurred in the last 5 years?

Report Scope

Key Features	Description
Base Year for Estimation	2020
Trend Period (Actual Estimates)	2015-2020
Forecast Period	2021-2026
Pages	210
Market Representation / Units	Revenue in US $ Million
Regional Scope	North America (USA, Mexico, and Canada), Europe (Germany and United Kingdom), Asia (China, Japan, and India), and ROW (Middle East and Brazil)
Report Coverage	Market Trends & Forecasts, Competitor Analysis, New Product Development, Company Expansion, Merger, Acquisitions & Joint Venture, and Company Profiling
Market Segments	propulsion (diesel, electric, and hybrid), level of automation (level 1, level 2 & level 3, level 4, and level 5), application (last-mile delivery truck and mining truck), ADAS features (ACC, AEB, BSD, LKA, IPA, TJA , and HP), and sensors (ultrasonic, camera, LiDAR, and radar)
Customization	10% Customization without Any Additional Cost

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Table of Contents

1. Executive Summary

2. Market Background and Classifications

2.1: Introduction, Background, and Classifications

2.2: Supply Chain

2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2015 to 2026

3.1: Macroeconomic Trends and Forecast

3.2: Global Semi Autonomous and Autonomous Truck Market Trends and Forecast

3.3: Global Semi Autonomous and Autonomous Truck Market by Propulsion Type

3.3.1: Diesel

3.3.2: Electric

3.3.3: Hybrid

3.4: Global Semi Autonomous and Autonomous Truck Market by Level of Automation

3.4.1: Level 1

3.4.2: Level 2 & Level 3

3.4.3: Level 4

3.4.4: Level 5

3.5: Global Semi Autonomous and Autonomous Truck Market by Application

3.5.1: Last-mile Delivery Truck

3.5.2: Mining Truck

3.6: Global Semi Autonomous and Autonomous Truck Market by ADAS Featurs

3.6.1: ACC

3.6.2: AEB

3.6.3: BSD

3.6.4: LKA

3.6.5: IPA

3.6.6: TJA

3.6.7: HP

3.7: Global Semi Autonomous and Autonomous Truck Market by Sensors

3.6.1: Ultrasonic

3.6.2: Camera

3.6.3: Lidar

3.6.4: Radar

4. Market Trends and Forecast Analysis by Region

4.1: Global Semi Autonomous and Autonomous Truck Market by Region

4.2: North American Semi Autonomous and Autonomous Truck Market

4.2.1: Market by Propulsion Type: Diesel, Electric, and Hybrid

4.2.2: Market by Level of Automation: Level 1, Level 2 & Level 3, Level 4, and Level 5

4.2.3: Market by Application: Last-mile delivery truck and mining truck

4.2.4: Market by ADAS Features: ACC, AEB, BSD, LKA, IPA, TJA, and HP

4.2.5: Market by Sensors: Ultrasonic, Camera, Lidar, Radar

4.2.6: The US Semi Autonomous and Autonomous Truck Market

4.2.7: Canadian Semi Autonomous and Autonomous Truck Market

4.2.8: Mexican Semi Autonomous and Autonomous Truck Market

4.3: European Semi Autonomous and Autonomous Truck Market

4.3.1: Market by Propulsion Type: Diesel, Electric, and Hybrid

4.3.2: Market by Level of Automation: Level 1, Level 2 & Level 3, Level 4, and Level 5

4.3.3: Market by Application: Last-mile delivery truck and mining truck

4.3.4: Market by ADAS Features: ACC, AEB, BSD, LKA, IPA, TJA, and HP

4.3.5: Market by Sensors: Ultrasonic, Camera, Lidar, Radar

4.3.5: Semi Autonomous and Autonomous Truck Market of the United Kingdom

4.3.6: German Semi Autonomous and Autonomous Truck Market

4.4: APAC Semi Autonomous and Autonomous Truck Market

4.4.1: Market by Propulsion Type: Diesel, Electric, and Hybrid

4.4.2: Market by Level of Automation: Level 1, Level 2 & Level 3, Level 4, and Level 5

4.4.3: Market by Application: Last-mile delivery truck and mining truck

4.4.4: Market by ADAS Features: ACC, AEB, BSD, LKA, IPA, TJA, and HP

4.4.5: Market by Sensors: Ultrasonic, Camera, Lidar, Radar

4.4.6: Chinese Semi Autonomous and Autonomous Truck Market

4.4.7: Japanese Semi Autonomous and Autonomous Truck Market

4.4.8: Indian Semi Autonomous and Autonomous Truck Market

4.5: ROW Semi Autonomous and Autonomous Truck Market

4.5.1: Market by Propulsion Type: Diesel, Electric, and Hybrid

4.5.2: Market by Level of Automation: Level 1, Level 2 & Level 3, Level 4, and Level 5

4.5.3: Market by Application: Last-mile delivery truck and mining truck

4.5.4: Market by ADAS Features: ACC, AEB, BSD, LKA, IPA, TJA, and HP

4.5.5: Market by Sensors: Ultrasonic, Camera, Lidar, Radar

4.5.6: Middle Eastern Semi Autonomous and Autonomous Truck Market

4.5.7: Brazilian Semi Autonomous and Autonomous Truck Market

5. Competitor Analysis

5.1: Product Portfolio Analysis

5.2: Market Share Analysis

5.3: Operational Integration

5.4: Geographical Reach

5.5: Porter’s Five Forces Analysis

6. Cost Structure Analysis

6.1: Raw Material Cost

6.2: Oher Expenses

6.3: COGS

6.4: SG&A

6.5: EBITDA Margin

7. Growth Opportunities and Strategic Analysis

7.1: Growth Opportunity Analysis

7.1.1: Growth Opportunities for the Global Semi Autonomous and Autonomous Truck Market by Propulsion

7.1.2: Growth Opportunities for the Global Semi Autonomous and Autonomous Truck Market by Level of Automation

7.1.3: Growth Opportunities for the Global Semi Autonomous and Autonomous Truck Market by Application

7.1.4: Growth Opportunities for the Global Semi Autonomous and Autonomous Truck Market by ADAS Features

7.1.5: Growth Opportunities for the Global Semi Autonomous and Autonomous Truck Market by Sensors

7.1.6: Growth Opportunities for the Global Semi Autonomous and Autonomous Truck Market by Region

7.2: Emerging Trends in the Global Semi Autonomous and Autonomous Truck Market

7.3: Strategic Analysis

7.3.1: New Product Development

7.3.2: Capacity Expansion of the Global Semi Autonomous and Autonomous Truck Market

7.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Semi Autonomous and Autonomous Truck Market

7.3.4: Certification and Licensing

8. Company Profiles of Leading Players

8.1: AB VOLVO

8.2: BOSCH

8.3: CONTINENTAL

8.4: DENSO

8.5: APTIV

8.6: EMBARK

8.7: DAIMLER

8.8: WAYMO

8.9: TESLA

8.10: PACCAR

8.11: NVIDIA

8.12: TUSIMPLE

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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:

In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.

Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.

Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.

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