Delray Beach, FL, May 06, 2025 (GLOBE NEWSWIRE) — Autonomous Trucks Market size is projected to grow from USD 40.7 Billion in 2024 to USD 179.9 Billion by 2035, at a CAGR of 14.4%, as per the recent study by MarketsandMarkets™. The increasing demand for electric and autonomous vehicle and government regulation regarding safety is expected to increase the demand for autonomous trucks. Additionally, continuous innovation in advance driving technologies and components will boost the demand for autonomous trucks.
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List of Key Players in Autonomous Trucks Market:
- Daimler Truck AG (Germany)
- AB Volvo (Sweden)
- Scania (Sweden)
- NVIDIA Corporation (US)
- Robert Bosch GmbH (Germany)
- Continental AG (Germany)
- Denso Corporation (Japan)
- Aurora Innovation Inc. (US)
Drivers, Opportunities and Challenges in Autonomous Trucks Market:
- Driver: Rising adoption of automation technology
- Restraint: Lack of infrastructure in developing countries
- Opportunity: Surge in demand for truck platooning
- Challenge: Regulatory hurdles
Key Findings of the Study:
- LiDAR segment is estimated to exhibit the fastest growth in autonomous trucks market
- Last-mile Delivery Truck segment is expected to have significant growth in autonomous trucks market during the forecast period
- Europe region holds the largest share of the autonomous trucks market.
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Automation is another important element in the industry. As self-driving technology enables automobiles to function safely and effectively, the automotive industry is offering more levels of automation. Key components of autonomous driving technology include adaptive cruise control, automatic emergency braking, and lane maintain assistance. These features not only increase safety but also bring the vehicle closer to total autonomy. Additionally, buses and trucks have increasingly sophisticated sensors, cameras, radars, and software to see and react to their environment as automakers invest more money in developing self-driving technology. As a result, the increasing demand for autonomous car manufacturing has spurred partnerships, investments, and technical developments that encourage creativity. Many Tier 1 suppliers are working with OEMs to design and integrate ADAS. For …