Autonomous Trucks
The market for autonomous trucks is expected to reach US$ 2.78 billion by 2033, growing at an astounding CAGR of 22% from 2023 to 2033 (forecast period). Automated trucks, commonly referred to as self-driving or autonomous trucks, are autos that can run without the involvement of a human driver. By autonomy level, level 3 autonomy autonomous trucks are anticipated to hold three of every five sales. Increasing adoption of electric cars and increasing infrastructure in developing economies are driving market growth. Competitive landscape:Key players in the automated truck market are focusing on collaborations, acquisitions, investments, R&D activities, and technological innovations to grow and reinforce their market presence.