Global Self Driving Truck Technology
Market Report
2025
The global Self-Driving Truck Technology market size will be USD 13524.2 million in 2024. Rising demand for 5G technology to facilitate vehicle connectivity is expected to boost sales to USD 30844.61 million by 2031, with a Compound Annual Growth Rate (CAGR) of 12.5% from 2024 to 2031.
The base year for the calculation is 2024 and 2021 to 2024 will be historical period. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Self-Driving Truck Technology market size will be USD 13524.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 12.5% from 2024 to 2031.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Self Driving Truck Technology Market Sales Revenue | 121212 | $ 125.2 Million | 121212 | 121212 | 121212 | 4% |
North America Self Driving Truck Technology Market Sales Revenue | 121212 | $ 50.08 Million | 121212 | 121212 | 121212 | 2.2% |
Canada Self Driving Truck Technology Market Sales Revenue | 121212 | $ 6.01 Million | 121212 | 121212 | 121212 | 3% |
United States Self Driving Truck Technology Market Sales Revenue | 121212 | $ 39.51 Million | 121212 | 121212 | 121212 | 2% |
Mexico Self Driving Truck Technology Market Sales Revenue | 121212 | $ 4.56 Million | 121212 | 121212 | 121212 | 2.7% |
Europe Self Driving Truck Technology Market Sales Revenue | 121212 | $ 37.56 Million | 121212 | 121212 | 121212 | 2.5% |
Germany Self Driving Truck Technology Market Sales Revenue | 121212 | $ 7.44 Million | 121212 | 121212 | 121212 | 2.7% |
France Self Driving Truck Technology Market Sales Revenue | 121212 | $ 3.46 Million | 121212 | 121212 | 121212 | 1.7% |
Spain Self Driving Truck Technology Market Sales Revenue | 121212 | $ 3.08 Million | 121212 | 121212 | 121212 | 1.6% |
United Kingdom Self Driving Truck Technology Market Sales Revenue | 121212 | $ 6.31 Million | 121212 | 121212 | 121212 | 3.3% |
Russia Self Driving Truck Technology Market Sales Revenue | 121212 | $ 5.82 Million | 121212 | 121212 | 121212 | 1.5% |
Italy Self Driving Truck Technology Market Sales Revenue | 121212 | $ 3.23 Million | 121212 | 121212 | 121212 | 1.9% |
Rest of Europe Self Driving Truck Technology Market Sales Revenue | 121212 | $ 5.82 Million | 121212 | 121212 | 121212 | 1.2% |
Asia Pacific Self Driving Truck Technology Market Sales Revenue | 121212 | $ 28.8 Million | 121212 | 121212 | 121212 | 6% |
China Self Driving Truck Technology Market Sales Revenue | 121212 | $ 12.96 Million | 121212 | 121212 | 121212 | 5.5% |
Australia Self Driving Truck Technology Market Sales Revenue | 121212 | $ 1.5 Million | 121212 | 121212 | 121212 | 5.7% |
India Self Driving Truck Technology Market Sales Revenue | 121212 | $ 3.46 Million | 121212 | 121212 | 121212 | 7.8% |
Korea Self Driving Truck Technology Market Sales Revenue | 121212 | $ 2.88 Million | 121212 | 121212 | 121212 | 5.1% |
Japan Self Driving Truck Technology Market Sales Revenue | 121212 | $ 3.97 Million | 121212 | 121212 | 121212 | 4.5% |
Rest of APAC Self Driving Truck Technology Market Sales Revenue | 121212 | $ 2.04 Million | 121212 | 121212 | 121212 | 5.8% |
South America Self Driving Truck Technology Market Sales Revenue | 121212 | $ 6.26 Million | 121212 | 121212 | 121212 | 3.4% |
Peru Self Driving Truck Technology Market Sales Revenue | 121212 | $ 0.51 Million | 121212 | 121212 | 121212 | 3.6% |
Colombia Self Driving Truck Technology Market Sales Revenue | 121212 | $ 0.56 Million | 121212 | 121212 | 121212 | 3.2% |
Argentina Self Driving Truck Technology Market Sales Revenue | 121212 | $ 1.05 Million | 121212 | 121212 | 121212 | 4.3% |
Brazil Self Driving Truck Technology Market Sales Revenue | 121212 | $ 2.68 Million | 121212 | 121212 | 121212 | 4% |
Chile Self Driving Truck Technology Market Sales Revenue | 121212 | $ 0.45 Million | 121212 | 121212 | 121212 | 3.7% |
Rest of South America Self Driving Truck Technology Market Sales Revenue | 121212 | $ 1.01 Million | 121212 | 121212 | 121212 | 2.5% |
Middle East and Africa Self Driving Truck Technology Market Sales Revenue | 121212 | $ 2.5 Million | 121212 | 121212 | 121212 | 3.7% |
Turkey Self Driving Truck Technology Market Sales Revenue | 121212 | $ 0.22 Million | 121212 | 121212 | 121212 | 3.2% |
Egypt Self Driving Truck Technology Market Sales Revenue | 121212 | $ 0.26 Million | 121212 | 121212 | 121212 | 4% |
Rest of MEA Self Driving Truck Technology Market Sales Revenue | 121212 | $ 0.3 Million | 121212 | 121212 | 121212 | 2.7% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
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Market Split by Propulsion Type |
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List of Competitors |
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Self Driving Truck Technology Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The term "Self-Driving Truck Technology Market" denotes the development and implementation of autonomous vehicles that can operate without human intervention. These vehicles employ sophisticated technologies, including artificial intelligence, machine learning, sensors, and GPS, to facilitate navigation and driving operations. Increasing demand for cost-effectiveness and efficacy in the transportation and logistics sector is the primary factor driving this market. Autonomous vehicles are capable of operating autonomously without the necessity for rest periods, thereby minimizing operational costs and delivery times. In addition, the adoption of self-driving vehicles is significantly influenced by the demand for safer roadways and the scarcity of truck drivers. Conversely, the marketplace encounters obstacles, including security and safety concerns. A critical issue continues to be the reliability of autonomous driving technology in intricate real-world scenarios. Additionally, regulatory obstacles and public acceptance are substantial constraints, as accidents involving autonomous vehicles may result in stricter regulations and negative perceptions.
In February 2022, Waymo has disclosed its intention to commence the testing of its self-driving vehicles in Texas in collaboration with CH Robinson, a prominent global logistics service provider. (Source: https://www.theverge.com/2022/2/16/22934958/waymo-ch-robinson-autonomous-truck-pilot-texas#:~:text=Waymo%20announced%20a%20new%20partnership,autonomous%20truck%20venture%2C%20Waymo%20Via.)
Another factor that is contributing to the expansion of the market is the continuous worldwide megatrend of electrification in the automobile industry. In order to facilitate more effective transportation, logistics, and supply chain activities across various sectors, it is predicted that the market would see development as a result of the growing demand for emission-free commercial vehicles that are equipped with enhanced safety and driver assistance features. The United States of America, China, and the European Union are among the major economies that are implementing tough rules for the management of environmental emissions from automobiles. For instance, Euro VII is the name of the recent emission standard that was implemented by the European Union. The new standard anticipates that by the year 2035, the emission of nitric oxide (NOx) from automobiles and vans will be decreased by 35%, while the emission from buses and lorries would be lowered by 56% in comparison to Euro VI.
The Federal Motor Carrier Safety Administration and trucking industry officials found that ADAS had greatly enhanced highway safety. A large U.S. for-hire carrier, J.B. Hunt, has 98% of its cars with forward-collision warning and lane departure warning and 84% of its class 8 trucks with dash cams. Autonomous technology have reduced rear-end collisions by 50% and increased asset uptime and driver retention. Government and public worries over traffic deaths are likely to drive such technology development. J.B. Hunt aims to install a blind spot detection system on its fleets to prevent sideswipes and lane changes due to the trucks' safety advantages and driver demand. Thus, these factors drive autonomous truck market expansion.
A study was published by the American Transportation Research Institute in January 2020 that examined the role of government authorities in the promotion of automated transportation. In the transportation sector, the application of Autonomous Vehicles (AVs) was impeded by the absence of a consistent federal regulatory framework, as states have implemented fragmented policies that restrict the use of these vehicles for regional or local operations, according to the study. Specifically, the introduction of these vehicles in interstate commerce is quite low, which is the most promising potential use case for highly automated trucks. This is due to the lack of obstacles and the consistent velocities that can be obtained on lengthy segments of interstate highways. Consequently, the market's expansion is anticipated to be impeded by the sluggish development of federal guidelines for autonomous transportation.
The autonomous vehicle market experienced stagnant development during the COVID-19 pandemic. The initial phase of the pandemic resulted in a delay in the development and deployment of autonomous trucks, as it disrupted supply chains and logistics operations. However, the phase also underscored the potential advantages of autonomous technology and the necessity of resilient and contactless delivery solutions, which in turn sparked a surge in interest in autonomous vehicles for the conveyance of essential products and last-mile deliveries. Furthermore, the pandemic has expedited the adoption of digitalization and automation across industries, resulting in a greater acceptance of autonomous technologies in the long term. The market's sales and supply chain experienced moderate growth as the pandemic began to subside.
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In the Self-Driving Truck Technology market's competitive landscape, numerous key competitors are driving innovation and growth. The continuous development of artificial intelligence, sensor technology, and machine learning are essential competitive factors. Companies are making substantial investments in research and development to improve the safety and reliability of their autonomous systems.
In May 2023, Robert Bosch GmbH and PlusAI, Inc. unveiled driver-assist vehicle technology at the Advanced Clean Transportation Expo. Companies are collaborating to create and implement sophisticated driver assistance features in commercial vehicles. (Source: https://us.bosch-press.com/pressportal/us/en/press-release-20352.html) In April 2023, Kodiak Robotics, Inc., a prominent autonomous transportation company, has introduced its fifth-generation self-driving vehicle hardware platform, which enhances the redundancy of sensors and the computational capacity of GPUs. (Source: https://kodiak.ai/news/kodiak-introduces-5th-generation-autonomous-truck) In June 2022, Waymo and Uber have announced their collaboration to create autonomous vehicles. The companies are collaborating to expedite the adoption of self-driving vehicles. Uber Freight will be integrated into the technology that powers Waymo's autonomous large trucks. (Source: https://investor.uber.com/news-events/news/press-release-details/2024/Uber-and-Waymo-Expand-Partnership-to-Bring-Autonomous-Ride-Hailing-to-Austin-and-Atlanta/default.aspx#:~:text=News%20release%20details&text=Beginning%20in%20early%202025%2C%20Waymo,grow%20to%20hundreds%20over%20time.)
Top Companies Market Share in Self Driving Truck Technology Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America currently dominates the Self-Driving Truck Technology market, and the region is expected to have significant growth during the projected period. The adoption of highly automated vehicles in freight operations has been accelerated by the presence of numerous firms, including Embark vehicles and Waymo, in the regional market.
Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). Due to the rapid development of autonomous vehicles in Japan and China, particularly for last-mile delivery and mining lorries, and the implementation of road safety standards by numerous countries.
The current report Scope analyzes Self Driving Truck Technology Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the global Self-Driving Truck Technology market size was estimated at USD 13524.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 5409.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.7% from 2024 to 2031.
According to Cognitive Market Research, the global Self-Driving Truck Technology market size was estimated at USD 13524.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 4057.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.0% from 2024 to 2031.
According to Cognitive Market Research, the global Self-Driving Truck Technology market size was estimated at USD 13524.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 3110.57 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.5% from 2024 to 2031.
According to Cognitive Market Research, the global Self-Driving Truck Technology market size was estimated at USD 13524.2 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 676.21 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.9% from 2024 to 2031.
According to Cognitive Market Research, the global Self-Driving Truck Technology market size was estimated at USD 13524.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 270.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.2% from 2024 to 2031..
Global Self Driving Truck Technology Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Self Driving Truck Technology Industry growth. Self Driving Truck Technology market has been segmented with the help of its Component, Application Level of Automation, and others. Self Driving Truck Technology market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, Hardware Self-Driving Truck Technology are likely to dominate the Self-Driving Truck Technology Market over the forecast period. This supremacy is due to the importance of modern hardware like LiDAR, radar, cameras, and high-performance computer systems in autonomous driving. Self-driving trucks need these components for vision, navigation, and decision-making. These expensive and complicated hardware systems drive the market value, making hardware the main industry.
The Software is the fastest-growing segment in the Self-Driving Truck Technology Market. Due to the requirement for advanced algorithms, artificial intelligence, and machine learning to understand sensor data and make real-time driving choices, autonomous trucks are growing rapidly. Advances in software improve self-driving truck safety, dependability, and efficiency. Cloud-based services and over-the-air upgrades are also boosting software industry growth.
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According to Cognitive Market Research, the Logistics and Transportation segment holds the largest share of the market. This supremacy is due to the enormous need for efficient and affordable freight transportation. This industry benefits from self-driving trucks' lower labor costs, more efficiency, and ability to work without breaks. Logistics and transportation networks are the major adopters of self-driving truck technology because they enable enterprises satisfy the rising need for quicker and more dependable delivery.
In the Self-Driving Truck Technology Market, the Mining sector has been expanding at a rapid pace. This tremendous expansion is driven by mining safety and productivity improvements. Autonomous vehicles can operate in dangerous situations, boosting worker safety. Self-driving trucks can optimize haulage routes and enable continuous operation, saving money and increasing efficiency in mining. As mining businesses aim to enhance productivity and save costs, autonomous technology is growing.
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According to Cognitive Market Research, The Level 1 segment holds the largest market share. Because of their cheap cost and simplicity of integration into truck fleets, basic driver assistance systems like adaptive cruise control and lane-keeping assistance are extensively used at this level. Fleet operators seeking safety and efficiency without investing in new technology choose Level 1 systems due to their familiarity and dependability.
In the Self-Driving Truck Technology market, the rapidly growing sector is the Level 5 category. This level is totally autonomous driving without human involvement. Fully autonomous trucks are becoming possible because to advances in artificial intelligence, sensor technology, and machine learning. Level 5 vehicles' ability to run constantly, cut labor costs, and increase safety is spurring investment and development. The increasing infrastructure for linked and intelligent transport systems also supports Level 5 autonomous technologies.
According to Cognitive Market Research, the Internal combustion segment dominates the market. Diesel and gasoline-powered trucks dominate owing to their broad availability and infrastructure. ICE vehicles are reliable, have extensive refueling networks, and cost less than newer technologies, hence fleet operators favor them. The leading sector in market share, its truck fleet is mostly powered by internal combustion engines.
Electric transmission is projected to be the fastest-growing segment in the Self-Driving Truck Technology market. This fast expansion is fueled by sustainability and greenhouse gas reduction efforts. Electric car subsidies and strict pollution standards are being implemented globally. Electric self-driving trucks are growing due to battery advancements, electric drivetrain cost reductions, and charging infrastructure. Electric transmission has lower operational costs and environmental effect, making it an appealing future choice.
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Conclusion
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Component | Hardware, Software, Services |
Application | Logistics and Transportation, Construction and Manufacturing, Mining, Port, Others |
Level of Automation | Level 1, Level 2, Level 3, Level 4, Level 5 |
Propulsion Type | Internal combustion, Hybrid transmission, Electric transmission |
List of Competitors | Kodiak Robotics, Inc., Torc Robotics, Embark Trucks, Inc., Aurora Innovation Inc., , Jiluo Technology (Shanghai) Co., Ltd., PlusAI, Inc., Waabi, Einride, RRAI, TuSimple |
This chapter will help you gain GLOBAL Market Analysis of Self Driving Truck Technology. Further deep in this chapter, you will be able to review Global Self Driving Truck Technology Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Self Driving Truck Technology. Further deep in this chapter, you will be able to review North America Self Driving Truck Technology Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Self Driving Truck Technology. Further deep in this chapter, you will be able to review Europe Self Driving Truck Technology Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Self Driving Truck Technology. Further deep in this chapter, you will be able to review Asia Pacific Self Driving Truck Technology Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Self Driving Truck Technology. Further deep in this chapter, you will be able to review South America Self Driving Truck Technology Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Self Driving Truck Technology. Further deep in this chapter, you will be able to review Middle East and Africa Self Driving Truck Technology Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Self Driving Truck Technology. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Component Analysis 2019 -2031, will provide market size split by Component. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Component Analysis 2021 - 2033
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Chapter 11 Market Split by Application Analysis 2021 - 2033
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Chapter 12 Market Split by Level of Automation Analysis 2021 - 2033
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Chapter 13 Market Split by Propulsion Type Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Self Driving Truck Technology market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Hardware have a significant impact on Self Driving Truck Technology market? |
What are the key factors affecting the Hardware and Software of Self Driving Truck Technology Market? |
What is the CAGR/Growth Rate of Logistics and Transportation during the forecast period? |
By type, which segment accounted for largest share of the global Self Driving Truck Technology Market? |
Which region is expected to dominate the global Self Driving Truck Technology Market within the forecast period? |
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