PUBLISHER: Allied Market Research | PRODUCT CODE: 1193063
PUBLISHER: Allied Market Research | PRODUCT CODE: 1193063
Autonomous trucks are also known as self-driving trucks is a robotic vehicle designed to perform all major capabilities of traditional trucks with little or without a human operator. These vehicles combine sensors and software to control, navigate, drive, and operate the vehicle. This vehicle uses LiDAR and RADAR and several other sensors for its operations. These self-driving systems create and maintain an internal map of their surroundings, based on a wide array of sensors. Artificial Intelligence (AI) software controls all the functionalities related to sensor working and RADAR sensor is used to detect obstacles. Such advance technologies help control these vehicles. Self-driving trucks provides advantages such as reduction in accidents caused by driver negligence or error and reduction of hazardous gas (CO2) from the vehicle.
The global automotive industry has experienced tremendous transformation in the past few years. The ever-growing demand for passenger safety and comfort is making the vehicle manufacturers focus incessantly on forming new design experiences by enabling efficient incorporation of new technologies and processes which is anticipated to fortify the demand for autonomous mining trucks up to a great degree over the forecast period.
Autonomous mining truck market is segmented on the basis of size, propulsion, level of autonomy, type, and region. By size, it is divided into small, medium, and large. By propulsion, it is segmented into Diesel, and electric & hybrid. By level of autonomy, the market is divided into Level 1 & 2, Level 3, and Level 4 & 5. By type, the market is divided into underground LHD loaders, autonomous hauling trucks, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific and LAMEA.
The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights key areas of investments. In addition, it includes Porter's five forces analysis to understand competitive scenario of the industry and role of each stakeholder. The report features strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights competitive landscape of key players to increase their market share and sustain intense competition in the industry.
The key players that operate in this market are AB Volvo, Aptiv, Continental AG, Daimler Truck AG, DENSO Corporation, Embark Truck Inc., MAN SE, Nvidia Corporation, PACCAR Inc., Qualcomm Technologies Inc., Robert Bosch GmbH, SCANIA, Tesla Inc., Tusimple Holdings Inc., and Waymo LLC.
Key Benefits For Stakeholders
By Size
By Propulsion
By Level of Autonomy
By Type
By Region