Autonomous Trucks
According to the latest study by InsightAce Analytic, the global heavy-duty autonomous vehicle market is projected to reach US$988.57 billion by 2031, with a CAGR of 25.1% over the forecast period 2023-2031. Autonomous high-performance vehicles are driverless vehicles designed to transport large loads and navigate rough terrain such as construction sites and mines. The heavy-duty autonomous vehicle market encompasses various applications such as logistics, public transportation, construction, and mining, among others. Sensor types including LiDAR, RADAR, cameras and others are also an important aspect of heavy autonomous vehicles. Overall, the heavy-duty autonomous vehicle market shows promising growth prospects, driven by technological advances and growing demand in various industries.