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Automated Truck Market is projected to grow USD 1550 million by 2030 at a CAGR of 22.4%

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Automated Truck Market is projected to grow USD 1550 million by 2030 at a CAGR of 22.4%

The global Automated Truck Market is projected to grow from USD 150.88 million in 2021 to USD 1550 million by 2030 at a CAGR of 22.4% during the forecast period. The automated truck is also known as a self-driving truck. All of the primary capabilities of regular trucks are included in these trucks. The truck can drive itself due to infrared radars, LIDAR (laser radar), advanced motion sensors, cameras, very accurate sensors, and complex algorithms, among other things. Furthermore, the self-driving truck market is expected to rise at a rapid pace over the forecast period. Furthermore, traffic congestion reduction is a significant business opportunity for self-driving trucks. The expansion of industrial sectors in emerging markets, rising demand from the logistics industry, and rising demand from the construction sector are some of the primary factors driving market growth (owing to growing construction activities). Due to growing economies in both developing and developed countries, the market is expected to grow during the forecast period.


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A strong research methodology employed in the winning Automated Truck Market business report consists of data models that include Market Overview and Guide, Vendor Positioning Grid, Market Time Line Analysis, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. Businesses can attain details about market drivers and market restraints which assist them to take presumption about reducing or increasing the production of particular product.


The report provides a comprehensive analysis of company profiles listed below:


TuSimple, Inc.

Waymo LLC

Embark Trucks, Inc.

Tesla

Caterpillar

AB Volvo

Daimler Truck AG.

Continental AG

Robert Bosch GmbH

NVIDIA Corporation

Aptiv


Type Analysis of World Wide Market:


Light Duty Trucks

Medium Duty Trucks

Heavy Duty Trucks


Segmentation of global Automated Truck Market by Application:


IC Engine

Electric

Hybrid


Market segment by Region/Country including:


• North America (United States, Canada and Mexico)

• Europe (Germany, UK, France, Italy, Russia and Spain etc.)

• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)

• South America (Brazil, Argentina and Colombia etc.)

• Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)


This Automated Truck market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market.


Objectives of the Study


• To define, describe, segment, and forecast the global Automated Truck Market by technology, size, resolution, application, and region.

• To forecast the size of the Automated Truck market in North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East & Africa.

• To provide detailed information about the factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges).

• To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market.

• To analyze market opportunities for stakeholders and provide details of the competitive leadership mapping for key players.

• To profile key players in the market and comprehensively analyze their core competencies and market shares.

• To track and analyze competitive developments such as acquisitions, product launches, collaborations, partnerships, agreements and expansions in the market.


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This research report gives detailed data about the major factors influencing the growth of the Automated Truck market at the global level forecast of the market size, in terms of value, market share by region and segment, regional market positions, segment and country opportunities for growth, Key company profiles, SWOT Analysis, product portfolio and growth strategies. In this report, the market’s essential sides such as top participants, expansion strategies, business models and other market features to improve market insight.

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