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Autonomous Commercial Vehicle Global Market Report 2021: COVID 19 Growth And Change to 2030

Starting Price : $4000 | Pages : 175 | Published : January 2021 | SKU CODE : 7528 | Format :


The autonomous commercial vehicle market consists of sales of autonomous commercial vehicles and their related services. Autonomous commercial vehicles are also known as self-driving or robot vehicles. The autonomous vehicle uses various technologies and software such as artificial intelligence, RADAR sensors, light detection & ranging (LiDAR), and others to navigate, control, and drive the vehicle.

The global autonomous commercial vehicle market is expected grow from $5.59 billion in 2020 to $7.07 billion in 2021 at a compound annual growth rate (CAGR) of 26.5%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $13.41 billion in 2025 at a CAGR of 17%.

The autonomous commercial vehicles market covered in the report is segmented by vehicle into the truck; trailer; bus; others.

The increase in government approvals for testing autonomous trucks on public roads drives the growth of the autonomous commercial vehicles market. The governments of major countries are allowing the testing of autonomous vehicles in order to promote the use of commercial vehicles for delivery and other purposes. The California Department of Motor Vehicles (DMV), in April 2019, proposed a regulation that allows companies to deploy or test light-duty autonomous motor trucks or delivery vehicles on the public roads of the state. Under the regulation, the companies can test delivery vehicles that weigh less than 10,001 pounds with an approved permit from DMV. The government approvals for testing autonomous vehicles on roads encourage the customers to have a glimpse of such vehicles, creating a potential opportunity for sale in the near future, thereby driving the demand for autonomous commercial vehicles over the forthcoming years.

Increasing concerns for cybersecurity and data privacy acts as a major challenge for the autonomous commercial vehicles market. According to a report on issues in autonomous vehicle testing and deployment published by Congressional Research Service, the USA's policy institute in February 2020, with advances in technology, the concerns for data security and protection of the on-board system against intrusion is increasing. The inbuilt automated components in the vehicle generate a large amount of data about the vehicle, vehicle performance, driver behavior, and vehicle precise location. The protection of autonomous vehicles from hackers is of paramount concern for state and federal governments, service providers, manufacturers, and users. Therefore, with advancements in technology, the concerns for data privacy and security are increased, which in turn, is likely to act as a major restraint for the growth of the autonomous commercial vehicle market.

The major players in the autonomous commercial vehicles market are acquiring technology and robotics companies in order to develop advanced technologies. For instance, in March 2019, Daimler AG, a Germany-based multinational automotive corporation agreed to purchase majority stakes in Torc Robotics, a pioneer in autonomous driving, for an undisclosed amount. This acquisition is expected to help Daimler AG to develop and create a technology powerhouse for autonomous vehicles. Torc Robotics was founded in 2005 and is an autonomous commercial vehicle solution provider based in Virginia, USA. Similarly, TuSimple announced a partnership with ZF to co-develop cameras, LiDAR, radar, steering, and automotive-grade central computer ZF ProAI and incorporate them to develop autonomous technologies.

The major players covered in the global autonomous commercial vehicle market are Volkswagen, Daimler, Tesla, Denso, Continental, Waymo, BMW AG, Isuzu Motors Limited, General Motors, AB Volvo, Beiqi Foton Motor, Skywell, Dongfeng Motor, SINOTRUK Group,  FAW Jiefang, China Shaanqi, Beiben Trucks, SAIC Hongyan, JMC, Zhengzhou Yutong Bus, King Long Bus, CRRC Electric Vehicle, Xiamen Golden Dragon Bus, Anhui Ankai Automobile.

The countries covered in the global autonomous commercial vehicle market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The regions covered in the global autonomous commercial vehicle market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The global autonomous commercial vehicle market is segmented -

1) By Vehicle: Truck, Trailer, Bus, Others

2) By Automation Level: Driver Assistance, Partial Automation, Conditional Automation, High Automation, Full Automation

3) By Fuel Type: Conventional, Hybrid Vehicle, Electric Vehicle

    1. Executive Summary

    2. Autonomous Commercial Vehicle Market Characteristics

    3. Autonomous Commercial Vehicle Market Trends And Strategies

    4. Impact Of COVID-19 On Autonomous Commercial Vehicle

    5. Autonomous Commercial Vehicle Market Size And Growth

    5.1. Global Autonomous Commercial Vehicle Historic Market, 2015-2020, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Autonomous Commercial Vehicle Forecast Market, 2020-2025F, 2030F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Autonomous Commercial Vehicle Market Segmentation

    6.1. Global Autonomous Commercial Vehicle Market, Segmentation  By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    Truck

    Trailer

    Bus

    Others

    6.2. Global Autonomous Commercial Vehicle Market, Segmentation  By Automation Level, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

     Driver Assistance

    Partial Automation

    Conditional Automation

    High Automation

    Full Automation

    6.3. Global Autonomous Commercial Vehicle Market, Segmentation  By Fuel Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    Conventional

    Hybrid Vehicle

    Electric Vehicle  

    7. Autonomous Commercial Vehicle Market Regional And Country Analysis

    7.1. Global Autonomous Commercial Vehicle Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    7.2. Global Autonomous Commercial Vehicle Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    8. Asia-Pacific Autonomous Commercial Vehicle Market  

    8.1. Asia-Pacific Autonomous Commercial Vehicle Market Overview  

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    9. China Autonomous Commercial Vehicle Market  

    9.1. China Autonomous Commercial Vehicle Market Overview  

    9.2. China Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion

    10. India Autonomous Commercial Vehicle Market  

    10.1. India Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    11. Japan Autonomous Commercial Vehicle Market  

    11.1. Japan Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    12. Australia Autonomous Commercial Vehicle Market  

    12.1. Australia Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    13. Indonesia Autonomous Commercial Vehicle Market  

    13.1. Indonesia Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    14. South Korea Autonomous Commercial Vehicle Market  

    14.1. South Korea Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    15. Western Europe Autonomous Commercial Vehicle Market  

    15.1. Western Europe Autonomous Commercial Vehicle Market Overview

    15.2. Western Europe Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    16. UK Autonomous Commercial Vehicle Market  

    16.1. UK Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    17. Germany Autonomous Commercial Vehicle Market  

    17.1. Germany Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    18. France Autonomous Commercial Vehicle Market  

    18.3. France Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    19. Eastern Europe Autonomous Commercial Vehicle Market  

    19.1. Eastern Europe Autonomous Commercial Vehicle Market Overview

    19.2. Eastern Europe Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    20. Russia Autonomous Commercial Vehicle Market  

    20.1. Russia Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    21. North America Autonomous Commercial Vehicle Market  

    21.1. North America Autonomous Commercial Vehicle Market Overview

    21.2. North America Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    22. USA Autonomous Commercial Vehicle Market  

    22.1. USA Autonomous Commercial Vehicle Market Overview

    22.2. USA Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    23. South America Autonomous Commercial Vehicle Market  

    23.1. South America Autonomous Commercial Vehicle Market Overview

    23.2. South America Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    24. Brazil Autonomous Commercial Vehicle Market  

    24.1. Brazil Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    25. Middle East Autonomous Commercial Vehicle Market  

    25.1. Middle East Autonomous Commercial Vehicle Market Overview

    25.2. Middle East Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    26. Africa Autonomous Commercial Vehicle Market  

    26.1. Africa Autonomous Commercial Vehicle Market Overview

    26.2. Africa Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    27. Autonomous Commercial Vehicle Market Competitive Landscape And Company Profiles

    27.1. Autonomous Commercial Vehicle Market Competitive Landscape

    27.2. Autonomous Commercial Vehicle Market Company Profiles

    27.2.1. Volkswagen

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. Daimler

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. Tesla

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. Denso

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. Continental

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    28. Key Mergers And Acquisitions In The Autonomous Commercial Vehicle Market

    29. Autonomous Commercial Vehicle Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Research Inquiries

    30.4. The Business Research Company

    30.5. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2015-2020, $ Billion
  • Table 2: Global Forecast Market Growth, 2020-2025F, 2030F, $ Billion
  • Table 3: Global Autonomous Commercial Vehicle Market, Segmentation  By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 4: Global Autonomous Commercial Vehicle Market, Segmentation  By Automation Level, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 5: Global Autonomous Commercial Vehicle Market, Segmentation  By Fuel Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 6: Global Autonomous Commercial Vehicle Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 7: Global Autonomous Commercial Vehicle Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 8: Asia-Pacific, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 9: China, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 10: India, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 11: Japan, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 12: Australia, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 13: Indonesia, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 14: South Korea, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 15: Western Europe, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 16: UK, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 17: Germany, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 18: France, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 19: Eastern Europe, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 20: Russia, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 21: North America, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 22: USA, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 23: South America, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 24: Brazil, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 25: Middle East, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 26: Africa, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 27: Volkswagen Financial Performance
  • Table 28: Daimler Financial Performance
  • Table 29: Tesla Financial Performance
  • Table 30: Denso Financial Performance
  • Table 31: Continental Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2015-2020, $ Billion
  • Figure 2: Global Forecast Market Growth, 2020-2025F, 2030F, $ Billion
  • Figure 3: Global Autonomous Commercial Vehicle Market, Segmentation  By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 4: Global Autonomous Commercial Vehicle Market, Segmentation  By Automation Level, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 5: Global Autonomous Commercial Vehicle Market, Segmentation  By Fuel Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 6: Global Autonomous Commercial Vehicle Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 7: Global Autonomous Commercial Vehicle Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 8: Asia-Pacific, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 9: China, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 10: India, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 11: Japan, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 12: Australia, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 13: Indonesia, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 14: South Korea, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 15: Western Europe, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 16: UK, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 17: Germany, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 18: France, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 19: Eastern Europe, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 20: Russia, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 21: North America, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 22: USA, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 23: South America, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 24: Brazil, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 25: Middle East, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 26: Africa, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 27: Volkswagen Financial Performance
  • Figure 28: Daimler Financial Performance
  • Figure 29: Tesla Financial Performance
  • Figure 30: Denso Financial Performance
  • Figure 31: Continental Financial Performance
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