Market Research Report
Autonomous Trucking Market by Infrastructure, Trucking Type and Business Model 2022 - 2027
|Autonomous Trucking Market by Infrastructure, Trucking Type and Business Model 2022 - 2027|
Published: May 10, 2022
Content info: 69 Pages
Delivery time: 1-2 business days
This report assesses the autonomous trucking market, including leading vendors, strategies, product, and service offerings. The report evaluates autonomous trucking by autonomy level, powertrain type, components, and supporting technologies. The report evaluates the impact of key technologies on the autonomous trucking market with forecasts from 2022 through 2027.
According to NHTSA (national highway traffic safety administration) of USA findings, the fatal crashes involving large trucks rose to 46% in 2020 compared to 2010 and also injuries involved with these truck crashes rose to more than 100% during the same period. The NHTSA observes that 75% of the fatal accidents involve heavy-duty trucks carrying more than 26,000 lbs.
Due to the rising trend of traffic fatalities in the last decade, human-helmed trucking is under severe scrutiny and the industry is trying to find a way out in futuristic robotic and visioning technology. Autonomous trucking is expected to replace human drivers completely within two decades. As a consequence, labor unions are lobbying against their widespread use, citing studies showing they may kill up to 500,000 jobs.
The consistent shortage of drivers is another factor pushing industries to find a way out with autonomous trucking technology. In 2021, there were 80,000 fewer drivers than would ideally be available to meet demand, according to the American Trucking Associations. Also maintaining the safety and operational problem with human-driven trucks is another crucial factor for autonomous trucking.
Autonomous trucking is expected to combat all issues while improving safety, enhancing mobility, and carrying goods. Autonomous trucking will leverage various technologies such as artificial intelligence based on cameras and lidar sensors considered as a way to combat safety and security issues.