Autonomous Truck Market to Reach USD 164.89 Billion by 2034, Growing at a CAGR of 14.6%

Escalating focus on price curtailment is a prominent factor driving the market demand.

NEW YORK CITY, NY, UNITED STATES, January 31, 2025 /EINPresswire.com/ -- Our autonomous truck market report has been prepared using advanced methodologies and research techniques to help businesses make strategic business decisions.

Polaris Market Research's latest report, titled "Autonomous Truck Market,” 2025-2034. The report covers key success factors, market performance, risk factors, project costs and economics, expected ROI, and profit margins. The global market was valued at USD 42.34 billion in 2024 and is expected to grow to USD 164.89 billion by 2034 at a CAGR of 14.6% from 2025 to 2034.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧:
Autonomous trucks are those when tractor trailers are capable of functioning without the requirement for human mediation. Depending on sensors, cameras, GPS satellites, IoT systems, and AI technologies, these autonomous trucks can cautiously pass over freeways completely on their own.
Autonomous trucks operate by utilizing sensing technologies such as LiDAR, radar, and optical cameras to collect visual data from the neighboring areas, conveying details to a computer laden with maps and algorithms that inspect the details and make decisions pushing the autonomous truck market demand.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.polarismarketresearch.com/industry-analysis/autonomous-truck-market/request-for-sample?utm_source=EIN&utm_medium=EIN&utm_campaign=EIN&utm_id=01

𝐊𝐞𝐲 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐢𝐧 𝐀𝐮𝐭𝐨𝐧𝐨𝐦𝐨𝐮𝐬 𝐓𝐫𝐮𝐜𝐤 𝐌𝐚𝐫𝐤𝐞𝐭:
• BMW AG
• AB Volvo
• Ford Motor Co.
• General Motor Company
• Robert Bosch GmbH
• Delphi Automotive PLC
• Uber Technologies Inc.
• Tesla Inc.
• Volkswagen AG
• Embark Trucks

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬:
• Technological Progressions: Progression in AI and sensor technologies have notably improved the potential of autonomous trucks. These technologies permit autonomous vehicles to process massive volumes of real-time data from their ambiance, rendering crucial resolutions on the road and boosting the demand for autonomous truck market growth.

• Labor Deficiency: Labor deficiency in the trucking industry is pushing the market forward. There is a growing deficiency of truck drivers as the chore is physically taxing, requires prolonged work hours, and frequently requires ample compensation.

• Escalating Funding In the Automotive Industry: The growing funding in the automotive industry is notably pushing the market growth. Several auto manufacturers and tech firms are carrying out sizeable funds to advance self driving systems, enhancing the potential and the security of autonomous trucks.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐁𝐞𝐟𝐨𝐫𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞:
https://www.polarismarketresearch.com/industry-analysis/autonomous-truck-market/request-for-discount-pricing?utm_source=EIN&utm_medium=EIN&utm_campaign=EIN&utm_id=01

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:
• The autonomous truck market segmentation is based on autonomy level, sensor type, end use, and region.

• By sensor type analysis, the radar segment held the largest market share. This is due to them providing a dependable and economical solution for extended detection, which is important for secure helmsmanship and accidents.

• By end use analysis, the logistics segment is poised to register a significant CAGR. This is due to the growing focus on the economy and dependability on cargo transportation.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:
The research report covers all the major regions and sub-regions of the autonomous truck market. The study provides market insights into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

• North America: North America accounted for the largest market share. This is primarily because of the development of the logistics industry.

• Asia Pacific: Asia Pacific is anticipated to witness the fastest CAGR from 2025 to 2034. The region’s escalating industrialization and the demand for productive transportation fuels the regional market expansion.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐦𝐨𝐫𝐞 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐛𝐞𝐟𝐨𝐫𝐞 𝐩𝐮𝐫𝐜𝐡𝐚𝐬𝐞:
https://www.polarismarketresearch.com/industry-analysis/autonomous-truck-market/inquire-before-buying?utm_source=EIN&utm_medium=EIN&utm_campaign=EIN&utm_id=01

𝐁𝐫𝐨𝐰𝐬𝐞 𝐏𝐌𝐑'𝐬 𝐀𝐮𝐭𝐨𝐧𝐨𝐦𝐨𝐮𝐬 𝐓𝐫𝐮𝐜𝐤 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞 𝐟𝐫𝐨𝐦 𝐃𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐭 𝐏𝐮𝐛𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬:
The autonomous truck industry is expected to reach USD 164.89 billion by 2034, exhibiting a CAGR of 14.6% during the forecast period.

𝐅𝐀𝐐𝐬:
How much is the autonomous truck market?
The market size was valued at USD 42.34 billion in 2024 and is projected to grow to USD 164.89 billion by 2034.

Which end use dominated the autonomous truck market in 2024?
The logistics segment dominated the autonomous truck market in 2024.

What are the quantitative units covered in the report?
The quantitative units covered in the report are revenues in USD billion and CAGR from 2025 to 2034.

What is the growth rate of the market?
The global market is projected to grow at a CAGR of 14.6% during the forecast period, 2025-2034.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:
Autonomous Emergency Braking (AEB) System Market:
https://www.polarismarketresearch.com/industry-analysis/automatic-emergency-braking-market

Automotive Catalytic Converter Market:
https://www.polarismarketresearch.com/industry-analysis/automotive-catalytic-converter-market

Automotive Cold-End Exhaust Aftermarket:
https://www.polarismarketresearch.com/industry-analysis/automotive-cold-end-exhaust-aftermarket

Automotive Collision Repair Market:
https://www.polarismarketresearch.com/industry-analysis/automotive-collision-repair-market

Automotive Ecu Market:
https://www.polarismarketresearch.com/industry-analysis/automotive-ecu-market

𝐀𝐛𝐨𝐮𝐭 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 & 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐢𝐧𝐠, 𝐈𝐧𝐜:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR’s clientele spread across different enterprises. We at Polaris are obliged to serve PMR’s diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR’s customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR’s customers.

Likhil G
Polaris Market Research and Consulting
+1 929-297-9727
sales@polarismarketresearch.com
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