Autonomous Trucks
UNION CITY, Calif.--(BUSINESS WIRE)--Third Wave Automation, Inc. (“Third Wave”) and Toyota Industries Corporation (“TICO”) today announced a strategic partnership to produce the next generation of intelligent, fully autonomous material handling vehicles. Third Wave’s unique approach to automated material handling vehicles was conceived with machine learning at its core. The global material handling equipment market is projected to expand from $211.8 billion in 2019 to $320.9 billion by 2027, a CAGR of 5.4 percent. To learn more about how Third Wave Automation is driving next generation industrial automation solutions using Shared Autonomy, please explore www.thirdwave.ai. About Toyota Industries CorporationToyota Industries was founded in 1926 in Japan as a manufacturer of the automatic looms which the founder, Sakichi Toyoda had invented and perfected.