Autonomous Trucks Market Insights Video

According to Cognitive Market Research, the global autonomous truck market size was USD 471 million in 2024. It will expand at a compound annual growth rate (CAGR) of 23.10% from 2024 to 2031.

• North America held the major market share for more than 40% of the global revenue with a market size of USD 188.40 million in 2024 and will grow at a compound annual growth rate (CAGR) of 21.3% from 2024 to 2031.
• Europe accounted for a market share of over 30% of the global revenue with a market size of USD 141.30 million.
• Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 108.33 million in 2024 and will grow at a compound annual growth rate (CAGR) of 25.1% from 2024 to 2031.
• Latin America had a market share of more than 5% of the global revenue with a market size of USD 23.55 million in 2024 and will grow at a compound annual growth rate (CAGR) of 22.5% from 2024 to 2031.
• Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 9.42 million in 2024 and will grow at a compound annual growth rate (CAGR) of 22.8% from 2024 to 2031.
• The level 4 is the fastest growing segment of the autonomous truck industry