Autonomous Truck Market Size - By Level of Autonomy (Level 1, Level 2, Level 3, Level 4), By Fuel (Diesel, Alternative Fuel), By Application (Construction, Last Mile Delivery, Freight Transport, Mining), Class Type & Global Forecast, 2023 - 2032

Autonomous Truck Market Size

Autonomous Truck Market size was valued at USD 301.2 billion in 2022 and is anticipated to register a CAGR of 15% between 2023 and 2032. The demand for increased efficiency and cost-effectiveness in the transportation & logistics industry is driving the market growth. With the rising demand for goods and the need for faster & reliable deliveries, traditional trucking operations will encounter limitations due to human driver-related constraints such as working hours & rest breaks.
 

The adoption of sustainability practices further bolsters the autonomous truck market. With an increasing focus on environmental responsibility, companies are seeking ways to reduce their carbon footprint and comply with stringent emission regulations. Autonomous trucks, particularly those powered by electric or alternative fuels, offer a greener and more eco-friendly transportation solution. By adopting these vehicles, businesses can demonstrate their commitment to sustainability and gain a competitive edge in the market.
 

Safety and public acceptance are major ongoing concerns hindering the autonomous truck market growth. While autonomous driving technology has made considerable strides in recent years, there are still concerns about its reliability and ability to handle complex real-world scenarios. Accidents involving autonomous vehicles, even if they are statistically rare and often caused by human error rather than the technology itself, can lead to negative perceptions among the public and policymakers.
 

COVID-19 Impact

During the COVID-19 pandemic period, the autonomous truck market witnessed stagnant growth. The initial phase of the pandemic disrupted supply chains and logistics operations, leading to a slowdown in autonomous truck development and deployment. However, the phase also highlighted the potential benefits of autonomous technology and the need for resilient & contactless delivery solutions, driving increased interest in autonomous trucks for last-mile deliveries & essential goods transportation.
 

Additionally, the pandemic accelerated the adoption of digitalization and automation across industries, leading to greater acceptance of autonomous technologies in the long run. As the pandemic started to ease, the sales and the supply chain of the market witnessed growth at a moderate speed.
 

Autonomous Truck Market Trends

Autonomous trucks leverage cutting-edge artificial intelligence & sensor technologies to navigate roads, interpret traffic conditions, and make real-time decisions without human intervention. This autonomy enables them to operate continuously, efficiently transporting goods over long distances and managing complex logistical routes. By reducing dependence on human drivers, businesses can ensure seamless operations round the clock, resulting in enhanced productivity & reduced delivery times.
 

Moreover, the incorporation of autonomous trucks into fleets can lead to significant cost savings. These vehicles can be programmed to drive efficiently, optimizing routes, minimizing idle times & adopting eco-friendly driving patterns. These features ultimately reduce fuel consumption and operational expenses, thereby propelling product adoption.
 

Autonomous Truck Market Analysis

The diesel segment held over 70% of the autonomous truck market share in 2022.  Diesel fuel has an extensive and well-established distribution network, including fueling stations along major highways and trucking routes. This infrastructure makes it convenient for traditional and autonomous trucks to refuel, ensuring their operational efficiency.
 

Moreover, Diesel fueling stations are commonly found along major highways, truck routes, and in urban centers, making it convenient for truck drivers to refuel their vehicles. These stations are strategically located to ensure that trucks can access fuel easily during their long-haul journeys without significant detours. Due to the massive infrastructure and convenience for refueling, diesel is expected to dominate the fuel segment over the forecast timeline.
 

The freight transport segment accounted for 25% of the autonomous truck market share in 2022, propelled by its ever-increasing demand for faster, more efficient, and reliable delivery services. For instance, in March 2023, Gatik, an autonomous vehicles company, collaborated with Kroger, the largest pure-play grocer in the U.S. Kroger utilizes Gatik's self-driving box trucks to transport products from its e-commerce fulfillment center in Dallas, Texas, to various stores.
 

In recent years, the rise of e-commerce and online shopping has fueled a surge in last-mile deliveries as customers expect swift delivery of their purchases directly to their doorsteps. Traditional delivery methods often face challenges in meeting these high expectations, resulting in congestion, delays, and increased operational costs.
 

North America autonomous truck market generated revenue of USD 55.1 billion in 2022. North America is witnessing emerging technological advancements, providing lucrative growth opportunities for the market and revolutionizing the transportation & logistics industry. The region's strong focus on research & development, coupled with significant investments in autonomous technology, has also created a fertile ground for innovation and market revenue. Moreover, advancements in AI in automotive, sensor technology, connectivity, and data analytics are also propelling the development of sophisticated autonomous trucking solutions.
 

Autonomous Truck Market Share

Major companies operating in the autonomous truck market are

• Scania
• Daimler Truck
• TuSimple, Inc.
• Hino Trucks
• Waymo (Alphabet Inc.)
• Tesla
• AB Volvo
• PACCAR Inc
• Navistar, Inc.
• Embark Trucks, Inc.
• PlusAI, Inc.
• Kodiak Robotics

These companies are emphasizing strategic partnerships, launching new products, and investing significantly in research to drive market expansion. Their primary goal is to introduce innovative products and generate substantial market revenue through effective commercialization efforts.
 

Autonomous Truck Industry News:

• In June 2023, TuSimple, a company specializing in self-driving trucks, started its regular test runs on Tomei, a Japanese expressway, signifying its entry in the island nation. This move demonstrates TuSimple's commitment to expanding its autonomous trucking operations to the Japanese market.
   
• In June 2023, Kodiak Robotics, a startup specializing in autonomous trucking, partnered with Loadsmith, a marketplace facilitating connections between shippers & carriers. Under this partnership, 800 trucks equipped with Kodiak's autonomous technology will be integrated into Loadsmith's platform.
   

The autonomous truck market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) and shipment (Units) from 2018 to 2032, for the following segments:

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Market, By Level of Autonomy

• Level 1
• Level 2
• Level 3
• Level 4

Market, By Fuel

• Diesel
• Alternative fuel

Market, By Application

• Construction
• Last Mile Delivery
• Freight Transport
• Mining
• Others

Market, By Class Type

• Class 4
• Class 5
• Class 6
• Class 7
• Class 8

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Russia
• Asia Pacific
  • China
  • Australia
  • Japan
  • South Korea 
• Latin America
  • Brazil
  • Mexico
• MEA
  • UAE
  • Saudi Arabia