Autonomous Commercial Vehicle Global Market Report 2021: Breakdown by Driver Assistance, Partial Automation, Conditional Automation, High Automation, Full Automation - ResearchAndMarkets.com

The "Autonomous Commercial Vehicle Global Market Report 2021: COVID-19 Growth and Change to 2030" report has been added to ResearchAndMarkets.com's offering.

The global autonomous commercial vehicle market is expected to grow from $5.59 billion in 2020 to $7.07 billion in 2021 at a compound annual growth rate (CAGR) of 26.5%. The market is expected to reach $13.41 billion in 2025 at a CAGR of 17%.

Major players in the autonomous commercial vehicle market are Volkswagen, Daimler, Tesla, Denso, Continental, Waymo, BMW AG, Isuzu Motors Limited, General Motors and AB Volvo.

The autonomous commercial vehicle market consists of sales of autonomous commercial vehicles and their related services. Autonomous commercial vehicles are also known as self-driving or robot vehicles. The autonomous vehicle uses various technologies and software such as artificial intelligence, RADAR sensors, light detection & ranging (LiDAR), and others to navigate, control, and drive the vehicle.

The increase in government approvals for testing autonomous trucks on public roads drives the growth of the autonomous commercial vehicles market. The governments of major countries are allowing the testing of autonomous vehicles in order to promote the use of commercial vehicles for delivery and other purposes.

The government approvals for testing autonomous vehicles on roads encourage the customers to have a glimpse of such vehicles, creating a potential opportunity for sale in the near future, thereby driving the demand for autonomous commercial vehicles over the forthcoming years.

Increasing concerns for cybersecurity and data privacy acts as a major challenge for the autonomous commercial vehicles market. The inbuilt automated components in the vehicle generate a large amount of data about the vehicle, vehicle performance, driver behavior, and vehicle precise location. The protection of autonomous vehicles from hackers is of paramount concern for state and federal governments, service providers, manufacturers, and users.

Therefore, with advancements in technology, the concerns for data privacy and security are increased, which in turn, is likely to act as a major restraint for the growth of the autonomous commercial vehicle market.

The autonomous commercial vehicles market covered in the report is segmented by vehicle into the truck; trailer; bus; others. It is also segmented by automation level into driver assistance; partial automation; conditional automation; high automation; full automation and by fuel type into conventional; hybrid vehicle; electric vehicle.

The major players in the autonomous commercial vehicles market are acquiring technology and robotics companies in order to develop advanced technologies.

Key Topics Covered:

1. Executive Summary

2. Autonomous Commercial Vehicle Market Characteristics

3. Autonomous Commercial Vehicle Market Trends and Strategies

4. Impact of COVID-19 on Autonomous Commercial Vehicle

5. Autonomous Commercial Vehicle Market Size and Growth

5.1. Global Autonomous Commercial Vehicle Historic Market, 2015-2020, $ Billion

5.1.1. Drivers of the Market

5.1.2. Restraints on The Market

5.2. Global Autonomous Commercial Vehicle Forecast Market, 2020-2025F, 2030F, $ Billion

5.2.1. Drivers of the Market

5.2.2. Restraints on the Market

6. Autonomous Commercial Vehicle Market Segmentation

6.1. Global Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

• Truck
• Trailer
• Bus
• Others

6.2. Global Autonomous Commercial Vehicle Market, Segmentation By Automation Level, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

• Driver Assistance
• Partial Automation
• Conditional Automation
• High Automation
• Full Automation

6.3. Global Autonomous Commercial Vehicle Market, Segmentation By Fuel Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

• Conventional
• Hybrid Vehicle
• Electric Vehicle

7. Autonomous Commercial Vehicle Market Regional and Country Analysis

7.1. Global Autonomous Commercial Vehicle Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

7.2. Global Autonomous Commercial Vehicle Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

Companies Mentioned

• Volkswagen
• Daimler
• Tesla
• Denso
• Continental
• Waymo
• BMW AG
• Isuzu Motors Limited
• General Motors
• AB Volvo
• Beiqi Foton Motor
• Skywell
• Dongfeng Motor
• SINOTRUK Group
• FAW Jiefang
• China Shaanqi
• Beiben Trucks, SAIC Hongyan
• JMC
• Zhengzhou Yutong Bus
• King Long Bus
• CRRC Electric Vehicle
• Xiamen Golden Dragon Bus
• Anhui Ankai Automobile

For more information about this report visit https://www.researchandmarkets.com/r/3kz3vs

View source version on businesswire.com: https://www.businesswire.com/news/home/20210826005417/en/