Autonomous Truck Market Analysis

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.