Autonomous Truck Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2025

Description

The autonomous truck market reached a value of USD 36 billion in 2024 and is poised to grow at a robust CAGR of 15.7% from 2025 to 2032, ultimately reaching USD 114.4 billion by the end of the forecast period. This substantial growth reflects the rising demand for safer, more efficient transportation systems and the growing necessity to cut fuel and labor costs.

Autonomous trucks, equipped with advanced GPS and camera systems, are transforming logistics by operating without human input. Governments across major economies are developing the necessary legal frameworks and smart infrastructure to support this transformation. In the U.S., for example, the Department of Transportation has been upgrading roads with dedicated AV lanes and traffic management technologies, while the National Highway Traffic Safety Administration has outlined regulatory frameworks for testing.

The sharp increase in global trade-expected to surpass USD 33 trillion in 2024-along with the critical role of trucks in domestic logistics, is further catalyzing market growth. As these trucks improve connectivity among key logistical nodes, they are quickly becoming essential assets for trade and freight movement.

Key Insights

The heavy-duty truck segment held the largest market share at 60% in 2024, driven by its dominance in long-haul freight, mining, and port logistics. In contrast, the light-duty segment is projected to witness the fastest CAGR due to the growing demand for urban and last-mile delivery in e-commerce.

SAE Level 1-2 autonomous trucks led the market with a 65% share in 2024, as these assistive systems are easy to integrate and are already widely accepted. However, Level 4 autonomy is expected to grow the fastest, with major manufacturers like Volvo planning commercial launches in 2025.

Adaptive cruise control dominated the ADAS feature segment with a 70% share, fueled by safety regulations and integration with RADAR-based systems. Meanwhile, the Highway Pilot feature is emerging as the fastest-growing, as it enables near-full autonomy on highways.

The FMCG sector held a commanding 75% market share in 2024, owing to the surge in high-frequency, short-distance deliveries. The construction and mining industry will experience the fastest growth, driven by rising global infrastructure demand and the use of autonomous heavy equipment.

RADAR systems were the top component, accounting for 80% of the market in 2024, favored for their cost-efficiency and all-weather durability. LiDAR systems, known for high-precision 3D imaging, are anticipated to witness the highest growth due to declining costs and tech advancements.

Internal combustion engine (ICE) trucks retained an 85% share due to their long-distance reliability and infrastructure compatibility. However, battery-electric autonomous trucks will grow the fastest, driven by sustainability goals and initiatives like the EU's Green Deal.

Regionally, North America led the market in 2024 with a 40% share, supported by strong government backing and active participation of key players like Tesla, Waymo, and Aurora. Asia-Pacific is set to grow the fastest, led by China's smart highway initiatives and India's freight-heavy road logistics.

The market is highly fragmented, with major players including AB Volvo, Aurora Innovation, TuSimple, Kodiak Robotics, PACCAR, and Waymo. Companies are increasingly collaborating to integrate AI, automation, and clean energy solutions.

Recent strategic moves include a USD 1.2 billion merger between Plus Automation and Churchill Capital Corp IX, Aurora's partnership with Nvidia and Continental, and Volvo's alliance with Waabi Innovation for AI integration.

Innovative projects such as Hyundai's hydrogen-powered autonomous trucks and Daimler-Volvo's Coretura software platform further illustrate the momentum in this space, as stakeholders invest in scalable, zero-emission autonomous logistics networks.

Product Code: 13624

Chapter 1. Research Scope

1.1. Research Objectives
1.2. Market Definition
1.3. Analysis Period
1.4. Market Size Breakdown by Segments
- 1.4.1. Market Size Breakdown, by Truck Type
- 1.4.2. Market Size Breakdown, by Level of Autonomy
- 1.4.3. Market Size Breakdown, by ADAS Feature
- 1.4.4. Market Size Breakdown, by Industry
- 1.4.5. Market Size Breakdown, by Component
- 1.4.6. Market Size Breakdown, by Propulsion Type
- 1.4.7. Market Size Breakdown, by Region
- 1.4.8. Market Size Breakdown, by Country
1.5. Market Data Reporting Unit
- 1.5.1. Revenue
1.6. Key Stakeholders

Chapter 2. Research Methodology

2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence Database
2.2. Primary Research
2.3. Market Size Estimation
2.4. Data Triangulation
2.5. Currency Conversion Rates
2.6. Assumptions for the Study
2.7. Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Market Indicators

Chapter 5. Industry Outlook

5.1. Industry Background
5.2. Market Dynamics
- 5.2.1. Trends
- 5.2.2. Drivers
- 5.2.3. Restraints/Challenges
- 5.2.4. Emerging Economies and Key Opportunities
- 5.2.5. Impact Analysis of Drivers/Restraints
5.3. Impact of COVID-19
5.4. Sociopolitical Impact
5.5. Porter's Five Forces Analysis
- 5.5.1. Bargaining Power of Buyers
- 5.5.2. Bargaining Power of Suppliers
- 5.5.3. Threat of New Entrants
- 5.5.4. Intensity of Rivalry
- 5.5.5. Threat of Substitutes
5.6. Innovation and Technology Trends
5.7. Supply Chain and Value Chain Insights
5.8. Economic and Regulatory Impact
5.9. Market Entry Strategies

Chapter 6. Competitive Landscape

6.1. List of Market Players and their Offerings
6.2. Market Share of Key Players (2024)
- 6.2.1. Global
- 6.2.2. North America
- 6.2.3. Europe
- 6.2.4. Asia Pacific
- 6.2.5. Latin America
- 6.2.6. Middle East and Africa
6.3. Competitive Benchmarking of Key Players
6.4. Product Benchmarking of Key Players
6.5. Recent Strategic Developments by Key Players
6.6. Company Leadership Matrix

Chapter 7. Global Market

7.1. Overview
7.2. Market Revenue, by Truck Type (2019-2032)
7.3. Market Revenue, by Level of Autonomy (2019-2032)
7.4. Market Revenue, by ADAS Feature (2019-2032)
7.5. Market Revenue, by Industry (2019-2032)
7.6. Market Revenue, by Component (2019-2032)
7.7. Market Revenue, by Propulsion Type (2019-2032)
7.8. Market Revenue, by Region (2019-2032)

Chapter 8. North America Market

8.1. Overview
8.2. Market Revenue, by Truck Type (2019-2032)
8.3. Market Revenue, by Level of Autonomy (2019-2032)
8.4. Market Revenue, by ADAS Feature (2019-2032)
8.5. Market Revenue, by Industry (2019-2032)
8.6. Market Revenue, by Component (2019-2032)
8.7. Market Revenue, by Propulsion Type (2019-2032)
8.8. Market Revenue, by Country (2019-2032)

Chapter 9. Europe Market

9.1. Overview
9.2. Market Revenue, by Truck Type (2019-2032)
9.3. Market Revenue, by Level of Autonomy (2019-2032)
9.4. Market Revenue, by ADAS Feature (2019-2032)
9.5. Market Revenue, by Industry (2019-2032)
9.6. Market Revenue, by Component (2019-2032)
9.7. Market Revenue, by Propulsion Type (2019-2032)
9.8. Market Revenue, by Country (2019-2032)

Chapter 10. Asia Pacific Market

10.1. Overview
10.2. Market Revenue, by Truck Type (2019-2032)
10.3. Market Revenue, by Level of Autonomy (2019-2032)
10.4. Market Revenue, by ADAS Feature (2019-2032)
10.5. Market Revenue, by Industry (2019-2032)
10.6. Market Revenue, by Component (2019-2032)
10.7. Market Revenue, by Propulsion Type (2019-2032)
10.8. Market Revenue, by Country (2019-2032)

Chapter 11. Latin America Market

11.1. Overview
11.2. Market Revenue, by Truck Type (2019-2032)
11.3. Market Revenue, by Level of Autonomy (2019-2032)
11.4. Market Revenue, by ADAS Feature (2019-2032)
11.5. Market Revenue, by Industry (2019-2032)
11.6. Market Revenue, by Component (2019-2032)
11.7. Market Revenue, by Propulsion Type (2019-2032)
11.8. Market Revenue, by Country (2019-2032)

Chapter 12. Middle East and Africa Market

12.1. Overview
12.2. Market Revenue, by Truck Type (2019-2032)
12.3. Market Revenue, by Level of Autonomy (2019-2032)
12.4. Market Revenue, by ADAS Feature (2019-2032)
12.5. Market Revenue, by Industry (2019-2032)
12.6. Market Revenue, by Component (2019-2032)
12.7. Market Revenue, by Propulsion Type (2019-2032)
12.8. Market Revenue, by Country (2019-2032)

Chapter 13. Company Profiles

Chapter 14. Appendix

14.1. Sources and References
14.2. Related Reports

Autonomous Truck Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2025 - 2032)