A new report by Visiongain, a leading business information portal, attempts to shine a light on the future market for autonomous trucks and answers questions like:
• what are the major drivers and restraints of the autonomous trucks market?
• what are the current & emerging trends of the autonomous trucks market?
• what will be the market size for autonomous trucks globally over 2017 to 2025?
• what are the growth strategies of leading autonomous trucks companies?
• what are the key trends for each product type segments?
• what are the major opportunities of the autonomous trucks market?
Significant research & development work is occurring into autonomous trucks for commercial uses. This is especially the case in repetitive applications where autonomous vehicles can excel, for example, in mining, construction, logistics, military, and delivery applications. Visiongain indicates that the global autonomous trucks market will reach $US 26bn in 2027.
The advantages of autonomous trucks go beyond simply not requiring a driver as there are many other advantages. Human drivers become tired and cannot work 24/7. Driver error contributes to approximately 90 per cent of traffic accidents, so if the technology can be perfected, autonomous trucks will in theory reduce crashes by up to 90 per cent.
Another major feature of autonomous truck is lower fuel consumption. Autonomous trucks also provide significant other advantages including congestion reductions, and pollution reduction benefits among others. Thus, is encouraging truck owners to upgrade their vehicles to the latest autonomous trucks.
The report provides analysis of key players in autonomous trucks technologies. These include: BMW, Volvo, Ford, General Motors, Robert Bosch, Delphi Automotive, Google, Uber Technologies, Tesla, and Volkswagen.
And Visiongain believes that this report is very relevant right now because Tesla has undertaken investments in order to strengthen and expand its business in the autonomous trucks market.
In April 2017, the company announced it was opening a division for autonomous trucks. The key focus of the company is to expand its market position around the world.
The 200 page report provides great technological insight. It forecasts for driverless, self-driving vehicles by sensor (radar, lidar, image sensor, ultrasonic); by hardware & software (communication systems, cameras, GPS system); by type (function-specific automation, combined function automation, limited self-driving automation, full self-driving automation; plus profiles of the leading companies in this sector.