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Autonomous Commercial Vehicle Global Market Report 2023 – By Vehicle (Truck, Trailer, Bus, Other Vehicle Types), By Automation Level (Driver Assistance, Partial Automation, Conditional Automation, High Automation, Full Automation), By Fuel Type (Conventional, Hybrid Vehicle, Electric Vehicle – Market Size, Trends, And Global Forecast 2023-2032

Starting Price : $4000.00 | Pages : 175 | Published : January 2023 | SKU CODE : r1259 | Delivery Time: 2-3 business days | Format :


Autonomous commercial vehicle is a vehicle used for commercial purposes and has hardware and software that can perform the dynamic driving task without the active physical control or supervision of a human being.

The main types of vehicles in autonomous commercial vehicles are trucks, trailers, buses, and others. The truck is a wheeled vehicle for moving heavy articles. The automation levels involved are driver assistance, partial automation, conditional automation, high automation, and full automation. The fuel types involved are conventional, hybrid vehicles, and electric vehicles.

The autonomous commercial vehicle market research report is one of a series of new reports from The Business Research Company that provides autonomous commercial vehicle market statistics, including global market size, regional shares, competitors with an autonomous commercial vehicle market share, detailed autonomous commercial vehicle market segments, market trends and opportunities, and any further data you may need to thrive in the autonomous commercial vehicle industry. This autonomous commercial vehicle market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The global autonomous commercial vehicle market size will grow from $6.41 billion in 2022 to $7.95 billion in 2023 at a compound annual growth rate (CAGR) of 23.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global autonomous commercial vehicle market size is expected to grow to $16.24 billion in 2027 at a CAGR of 19.6%.

The increase in government approvals for testing autonomous trucks on public roads is driving the growth of the autonomous commercial vehicle market. The governments of major countries are allowing the testing of autonomous vehicles to promote the use of commercial vehicles for delivery and other purposes. The California Department of Motor Vehicles (DMV) proposed a regulation that would allow companies to deploy or test light-duty autonomous motor trucks or delivery vehicles on the public roads of the state. Under the regulation, companies can test delivery vehicles that weigh less than 10,001 pounds with an approved permit from the DMV. The government's approval for testing autonomous vehicles on roads encourages customers to have a glimpse of such vehicles, creating a potential opportunity for sale shortly, 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 the 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 are increasing. The inbuilt automated components in the vehicle generate a large amount of data about the vehicle, vehicle performance, driver behavior, and precise location. The protection of autonomous vehicles from hackers is of paramount concern to state and federal governments, service providers, manufacturers, and users. Therefore, with advancements in technology, the concerns for data privacy and security are increasing, which, in turn, is likely to act as a major restraint for the growth of the autonomous commercial vehicle market.

The launch of new products is a key trend gaining popularity in the autonomous commercial vehicle market. Companies in the market are focusing on the launch of new products to generate significant cost benefits, and ensure product quality, safety and user experience. For example, in October 2022, XPeng, a Chinese electric vehicle manufacturer, launched G9 SUV, a mass-produced commercial vehicle with new advanced driver assist system (ADAS), the XNGP, combines XPeng’s Highway Navigated Guided Pilot (NGP) and City NGP to automate certain driving functions in both highway and urban driving scenarios.

In June 2022, Uber Freight, a US-based managed transportation provider, partnered with Waymo Via. This partnership combines the strength of Waymo's autonomous driving technology with the size of Uber Freight's network and cutting-edge marketplace technology, providing a clear path for the cautious and secure introduction of autonomous trucks on US roads. Waymo Via is a US-based autonomous driving technology company.

Major players in the autonomous commercial vehicle market are Volkswagen, Daimler, Tesla, Denso, Continental, Waymo, BMW AG, Isuzu Motors Limited, General Motors, and AB Volvo.

Asia-Pacific was the largest region in the autonomous commercial vehicle market in 2022. North America was the second largest region in the global autonomous commercial vehicle market. The regions covered in the global autonomous commercial vehicle market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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

The autonomous commercial vehicle market consists of sales of autonomous buses and coaches. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The global autonomous commercial vehicle market is segmented -

1) By Vehicle: Truck, Trailer, Bus, Other Vehicle Types

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

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

    Table Of Contents

    1. Executive Summary

    2. Autonomous Commercial Vehicle Market Characteristics

    3. Autonomous Commercial Vehicle Market Trends And Strategies

    4. Autonomous Commercial Vehicle Market – Macro Economic Scenario

    4.1 COVID-19 Impact On Autonomous Commercial Vehicle Market

    4.2 Ukraine-Russia War Impact On Autonomous Commercial Vehicle Market

    4.3 Impact Of High Inflation On Autonomous Commercial Vehicle Market

    5. Autonomous Commercial Vehicle Market Size And Growth

    5.1. Global Autonomous Commercial Vehicle Historic Market, 2017-2022, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Autonomous Commercial Vehicle Forecast Market, 2022-2027F, 2032F, $ 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, 2017-2022, 2022-2027F, 2032F, $ Billion

    Truck

    Trailer

    Bus

    Other Vehicle Types

    6.2. Global Autonomous Commercial Vehicle Market, Segmentation By Automation Level, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ 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, 2017-2022, 2022-2027F, 2032F, $ 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, 2017-2022, 2022-2027F, 2032F, $ Billion

    7.2. Global Autonomous Commercial Vehicle Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ 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, 2017-2022, 2022-2027F, 2032F, $ 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, 2017-2022, 2022-2027F, 2032F,$ Billion

    10. India Autonomous Commercial Vehicle Market

    10.1. India Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    11. Japan Autonomous Commercial Vehicle Market

    11.1. Japan Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    12. Australia Autonomous Commercial Vehicle Market

    12.1. Australia Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    13. Indonesia Autonomous Commercial Vehicle Market

    13.1. Indonesia Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    14. South Korea Autonomous Commercial Vehicle Market

    14.1. South Korea Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ 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, 2017-2022, 2022-2027F, 2032F, $ Billion

    16. UK Autonomous Commercial Vehicle Market

    16.1. UK Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    17. Germany Autonomous Commercial Vehicle Market

    17.1. Germany Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    18. France Autonomous Commercial Vehicle Market

    18.3. France Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ 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, 2017-2022, 2022-2027F, 2032F, $ Billion

    20. Russia Autonomous Commercial Vehicle Market

    20.1. Russia Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ 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, 2017-2022, 2022-2027F, 2032F, $ 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, 2017-2022, 2022-2027F, 2032F, $ 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, 2017-2022, 2022-2027F, 2032F, $ Billion

    24. Brazil Autonomous Commercial Vehicle Market

    24.1. Brazil Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ 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, 2017-2022, 2022-2027F, 2032F, $ 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, 2017-2022, 2022-2027F, 2032F, $ 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. Historic And Forecast Inflation Rates

    30.4. Research Inquiries

    30.5. The Business Research Company

    30.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
  • Table 3: Global Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 4: Global Autonomous Commercial Vehicle Market, Segmentation By Automation Level, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 5: Global Autonomous Commercial Vehicle Market, Segmentation By Fuel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 6: Global Autonomous Commercial Vehicle Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 7: Global Autonomous Commercial Vehicle Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 8: Asia-Pacific, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 9: China, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 10: India, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 11: Japan, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 12: Australia, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 13: Indonesia, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 14: South Korea, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 15: Western Europe, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 16: UK, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 17: Germany, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 18: France, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 19: Eastern Europe, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 20: Russia, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 21: North America, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 22: USA, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 23: South America, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 24: Brazil, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 25: Middle East, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 26: Africa, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ 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, 2017-2022, $ Billion
  • Figure 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
  • Figure 3: Global Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 4: Global Autonomous Commercial Vehicle Market, Segmentation By Automation Level, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 5: Global Autonomous Commercial Vehicle Market, Segmentation By Fuel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 6: Global Autonomous Commercial Vehicle Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 7: Global Autonomous Commercial Vehicle Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 8: Asia-Pacific, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 9: China, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 10: India, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 11: Japan, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 12: Australia, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 13: Indonesia, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 14: South Korea, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 15: Western Europe, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 16: UK, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 17: Germany, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 18: France, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 19: Eastern Europe, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 20: Russia, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 21: North America, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 22: USA, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 23: South America, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 24: Brazil, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 25: Middle East, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 26: Africa, Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ 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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