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Autonomous Truck Market Share

Report ID: GMI5238
Published Date: Aug 2023
Report Format: PDF

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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.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of autonomous truck reached USD 301.2 billion in 2022 and is set to record 15% CAGR from 2023 to 2032, due to the surging demand for increased efficiency and cost-effectiveness in the transportation & logistics industry.

The freight transport application segment recorded over 25% of the market share in 2022, driven by the ever-increasing need for faster, more efficient, and reliable delivery services. ?

North America market size held over USD 55.1 billion 2022, owing to the strong focus on research & development and the significant investments in autonomous technology.

Scania, Daimler Truck, TuSimple, Inc., Hino Trucks, Waymo (Alphabet Inc.), Tesla, AB Volvo, PACCAR Inc, Navistar, Inc., Embark Trucks, Inc., PlusAI, Inc. and Kodiak Robotics are some of the prominent autonomous truck companies.