From GlobeNewswire: 2025-02-19 03:00:00

The Autonomous Trucks Market is set to grow from USD 40.7 Billion in 2024 to USD 179.9 Billion by 2035 at a CAGR of 14.4%. Factors driving this growth include increasing demand for electric and autonomous vehicles, government safety regulations, and continuous innovation in driving technologies. The LiDAR segment is expected to show the fastest growth, with Europe leading the market.

The electric segment is projected to be the fastest-growing in the autonomous trucks market due to rising demand for passenger safety and efficient bus transit operations. Favorable government regulations and the introduction of features like AEB and BSD in electric buses are driving this growth. Shuttle segments are also expected to see significant growth due to successful pilot programs worldwide.

The US is expected to lead the North American autonomous trucks market, with a focus on improving road safety through autonomous technologies. Major OEMs are forming supply contracts for advanced technologies like LiDAR to enhance vehicle performance. Recent developments include partnerships between major companies like MAN Truck & Bus SE, Daimler Truck AG, and AB Volvo to commercialize self-driving technology.

In summary, the Autonomous Trucks Market is on a growth trajectory, with the electric segment leading the way. The US is expected to dominate the North American market, with a focus on improving road safety through autonomous technologies. Major OEMs are forming supply contracts for advanced technologies to enhance their vehicles’ performance.



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