The Automated Truck market, valued at USD 354.7 Million in 2023, is projected to surpass USD 1,295.7 Million by 2032, indicating a robust CAGR of 15.6%

An automated truck, also known as a self-driving or autonomous truck, is a commercial vehicle that uses modern technology like artificial intelligence (AI), sensors, radar, and GPS to drive itself without the need for human interaction. These trucks utilize sophisticated technology to monitor their surroundings, navigate highways, avoid hazards, and make judgments in real time.

Automated trucks are largely used in logistics and freight transportation to streamline supply chains, lower labor costs, and increase safety by reducing human error. They are also used in long-distance transportation, mining operations, and port logistics. As automation technology advances, autonomous trucks are projected to improve fuel efficiency, cut pollutants, and address the trucking industry's driver shortage. With increased investment from key industry participants, these vehicles are poised to transform the future of freight transportation in autonomous truck market.

Automated Truck Market Statistics

• The global automated truck market generated USD 354.7 million in 2023 and is projected to grow at a robust CAGR of over 15.6% from 2024 to 2032
• North America led the market with a revenue of USD 163.2 million in 2023
• The Asia-Pacific region is expected to experience strong growth with a projected CAGR of 16.4%
• Level 1 autonomy dominated the market, holding 90% of the market share in 2023
• The diesel propulsion sub-segment captured 70% of the market share in 2023
• A discernible trend in the automated truck market is growing adoption of advanced ai and sensors for autonomous driving capabilities

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Automated Truck Market Dynamics

Increasing Demand for Logistics and Freight Services Fuels the Automated Truck Market Value

The rise in demand for logistics and freight services is propelling the self-driving truck market. As global e-commerce grows and supply chains become more complex, businesses look for efficient and cost-effective transportation solutions. Automated vehicles offer advantages such as lower labor costs, increased safety, and higher fuel efficiency, making them appealing in freight operations. Furthermore, a shortage of truck drivers and a push for sustainability are driving investment in autonomous vehicle technologies. These characteristics, together with advances in AI and sensor technology, are driving increasing the value of the autonomous truck market.

Growing Focus on Reducing Carbon Emissions Presents Opportunities for Electric Automated Trucks Offer Significant Automated Truck Market Opportunity

The increased emphasis on lowering carbon emissions is opening up major prospects for electric automated vehicles in the self-driving truck market. To comply with environmental standards and achieve sustainability goals, governments and industry are selecting greener transportation alternatives. Electric automated vehicles, with zero emissions, are perfectly aligned with these goals, providing a cleaner alternative to typical diesel-powered trucks. They also have lower running costs and less noise pollution, making them ideal for urban deliveries and long-haul freight. As technology evolves and battery efficiency improves, electric autonomous trucks are likely to play an important part in the future of environmentally friendly logistics, propelling market growth.

Automated Truck Market Segmentation

The global market for automated truck has been segmented into truck type, sensor, level of autonomy, propulsion type, industry, and region.

• Truck type is bifurcated into light-duty trucks, medium-duty trucks, and heavy-duty trucks
• Sensor are divided into RADAR, LiDAR, camera, and other
• Level of autonomy are classified into level 1, level 2, level 3, and level 4
• Propulsion type is sub-segmented into diesel, electric, and hybrid
• Industry categorized into manufacturing, construction & mining, military, FMCG, and others
• The automated truck market is geographically split into Europe, North America, Latin America, APAC, and the Middle East and Africa

Automated Truck Market Regional Outlook

In terms of autonomous truck market analysis, in North America, the market for automated trucks is dominating due to the region's focus on enhancing road safety, reducing transportation costs, and alleviating driver shortages. The U.S. and Canada are leading this trend, with key technology developers and vehicle manufacturers actively conducting research, testing, and deployment of self-driving trucks. For instance, April 2023, Aurora, a major self-driving technology company, announced plans to launch a self-driving trucking service between Dallas and Houston to test autonomous freight-hauling services by the end of 2024. Regulatory support for autonomous driving technologies, along with a push for emission reductions in freight transport, bolsters market expansion. The logistics and supply chain industries also see automation as a crucial tool to improve delivery efficiency and reliability.

 In the Asia-Pacific region, the automated truck market is growing vastly by the strong presence of manufacturing hubs, growing urbanization, and increasing investments in infrastructure development. China, Japan, and South Korea lead the adoption of automation in the trucking industry due to advancements in AI, robotics, and logistics technologies. For instance, in February 2024, Plus announced the deployment of self-driving trucks in China's logistics industry in collaboration with major Chinese e-commerce platforms. These trucks are equipped with Level 3 autonomy and are expected to improve delivery times while solving driver shortages in China's rapidly developing logistics sector. Government initiatives promoting smart transportation and reduced emissions also accelerate the shift toward autonomous vehicles. 

Automated Truck Market Players

Automated truck companies profiled in the report include Waymo, AB Volvo, Tesla, TuSimple, Inc., Kodiak Robotics, FedEx Corporation, Hino Trucks, PACCAR Inc, Scania, Daimler Truck, Navistar, Inc., and PlusAI, Inc.

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