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Premium Report Details
Base Year: 2024
Companies covered: 20
Tables & Figures: 200
Countries covered: 21
Pages: 180
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Autonomous Truck Market
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Autonomous Truck Market Size
The global autonomous truck market size was valued at USD 356.9 billion in 2024 and is estimated to register a CAGR of 16.2% between 2025 and 2034. Governments across the world are recognizing the importance of upgrading infrastructure to accommodate autonomous vehicles. These investments are crucial for the widespread adoption of autonomous trucks, as they help ensure safe and efficient operations.
Key infrastructure upgrades include the development of smart roads equipped with sensors, vehicle-to-infrastructure (V2I) communication systems, and real-time data collection technologies. These enhancements enable autonomous trucks to communicate with traffic signals, road signs, and other vehicles, improving navigation and safety.
For instance, in September 2023, the UK government allocated USD 23 million to enhance the country's connected and automated mobility supply chain. These grants, part of the Centre for Connected and Autonomous Vehicles (CCAV) Commercialising Connected and Automated Mobility: Supply Chain competition, will support 43 British companies across 13 projects. The funding aims to help develop self-driving technologies, products, and services that are ready for the connected and automated mobility market. The commitment to modernizing infrastructure is accelerating the adoption of autonomous trucks.
Government regulations and support are significant drivers for the autonomous trucks market. Many governments are introducing policies and frameworks to promote the development and deployment of autonomous vehicles, including trucks. These regulations often focus on safety standards, testing procedures, and infrastructure planning, ensuring that autonomous trucks can operate safely on public roads. Additionally, this supportive regulatory environment encourages manufacturers to accelerate their autonomous truck initiatives, helping to reduce the barriers to adoption.
Autonomous Truck Market Trends
The rapid advancement of artificial intelligence (AI) and automation technologies is anticipated to drive market growth. AI plays a crucial role in enabling autonomous trucks to navigate roads safely, make real-time decisions, and interact with their environment. Key technologies such as machine learning, computer vision, and sensor integration have significantly improved the performance, reliability, and safety of autonomous trucks. These innovations allow trucks to operate without human intervention, reducing the risk of accidents and enhancing operational efficiency.
Additionally, autonomous driving systems are becoming more accurate, enabling trucks to handle complex driving conditions such as highway merges, urban environments, and adverse weather. This growth in AI and automation technology is expected to drive widespread adoption of autonomous trucks, revolutionizing the logistics and transportation sectors.
A significant pitfall for the autonomous trucks market is concerns surrounding safety. While autonomous trucks have the potential to reduce human error, accidents involving self-driving vehicles, even if rare, can generate negative publicity. High-profile crashes or incidents could fuel concern about the safety and reliability of these vehicles. Additionally, autonomous trucks are often viewed as a threat to jobs, further complicating their public acceptance. Overcoming these concerns requires a demonstrated track record of safety, transparency in testing, and successful deployments to build consumer and industry confidence in autonomous truck technology.
Autonomous Truck Market Analysis
Based on class, the market is divided into class 4, class 5, class 6, class 7, and class 8. In 2024, the class 8 segment held a market share of over 40% and is expected to cross USD 600 billion by 2034. The class 8 segment is driven by the increasing cost reduction and enhanced operational efficiency. These trucks represent a substantial portion of operating costs in the trucking industry, primarily due to fuel consumption, labor, and maintenance.
Autonomous trucks can reduce costs by optimizing driving patterns, improving fuel efficiency, and minimizing downtime. The absence of a human driver can lower labor costs, while the technology enables 24/7 operations without the constraints of driver hours of service regulations. Additionally, autonomous trucks can reduce the chances of accidents, lowering insurance premiums and repair costs. As these trucks become more reliable and affordable, their adoption will continue to accelerate.
Based on application, the autonomous truck market is categorized into the construction, last mile delivery, freight transport, mining, and others. The freight transport segment held a market share of around 30% in 2024. A major growth driver for the market in freight transport is the rising demand for more efficient and cost-effective logistics solutions. The global expansion of e-commerce and the increasing need for faster delivery times have placed significant pressure on freight transportation.
Autonomous trucks offer a solution by enabling 24/7 operations, reducing delivery times, and increasing the overall efficiency of freight transport. The combination of lower costs, faster delivery times, and higher operational efficiency makes autonomous trucks an attractive option for logistics companies.
China autonomous truck market accounted for 70% of the revenue share in 2024. The strong support from the government and the evolving regulatory framework is driving the market growth in China. The Chinese government has been actively promoting the development and deployment of autonomous vehicles, including trucks, as part of its broader strategy to lead in the field of AI and smart transportation. China’s “Made in China 2025” initiative focuses on developing advanced manufacturing technologies, which includes autonomous driving technologies.
The government has provided significant investments in autonomous vehicle research, along with incentives for companies developing self-driving technology. Additionally, China is investing in smart infrastructure, such as 5G networks and smart roads, to support the safe operation of autonomous trucks.
A significant growth driver for the North American market is the rapid advancement of autonomous vehicle technologies. Developments in artificial intelligence (AI), machine learning, LIDAR, and radar are improving the capabilities of autonomous trucks, making them more reliable and efficient. These technologies enable trucks to navigate complex environments, optimize routes, and reduce fuel consumption, making them highly attractive to logistics companies. As AI and automation technologies continue to evolve, the cost of deployment is decreasing, leading to wider adoption and driving growth in North America's market.
A key growth driver for the autonomous truck market in Europe is the region's strong focus on environmental sustainability and stringent emissions regulations. The European Union has set ambitious goals for reducing carbon emissions, and autonomous trucks are seen as a solution to meet these targets. By optimizing driving patterns, reducing fuel consumption, and minimizing human errors, autonomous trucks can significantly lower greenhouse gas emissions. Additionally, as regulatory pressure to adopt cleaner technologies intensifies, logistics companies are increasingly looking to integrate autonomous vehicles to stay compliant, reduce costs, and contribute to sustainability goals, driving growth in the European market.
Autonomous Truck Market Share
Daimler and AB Volvo hold a market share of around 15% in the autonomous truck industry. Daimler has been testing autonomous trucks using Level 4 technology, with a focus on long-haul trucking. They have partnered with various technology providers and are working closely with governments to align with regulations. Daimler’s autonomous trucks leverage their expertise in commercial vehicles, advanced driver assistance systems, and AI to ensure safety and efficiency. The company aims to expand its market share by integrating autonomous technology into its fleet and offering a range of services to logistics companies.
AB Volvo is focusing on autonomous solutions for both freight and mining operations. Volvo has initiated trials of autonomous trucks in real-world environments and is focusing on collaboration with tech firms and partnerships to accelerate the technology. Both companies are heavily investing in infrastructure and smart road systems to support autonomous operations, positioning themselves as leaders in the market.
Autonomous Truck Market Companies
Major players operating in the autonomous truck industry include:
Autonomous Truck Industry News
The autonomous truck market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue ($Bn) and shipment (Units) from 2021 to 2034, for the following segments:
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Market, By Level of Autonomy
Market, By Fuel
Market, By Application
Market, By Class
The above information is provided for the following regions and countries: