Global Motor Vehicle Steering and Suspension Components Market

Autonomous Cars Market Definition

The autonomous cars market consists of sales of autonomous cars by entities (organizations, sole traders and partnerships) that manufacture autonomous cars for transporting people and goods. An autonomous car, which is also known as a driverless car, is a vehicle capable of guiding itself with minimum or no human involvement. An autonomous car uses a wide range of technology including cameras, sensors, GPS, radars, Artificial Intelligence and other technologies to navigate. To navigate between places, autonomous cars use machine learning and neural networks on huge amounts of image recognition data, which are fed into the system.

Commercial Vehicle Market Definition

The commercial vehicles market consists of sales of commercial vehicles and related services by entities (organizations, sole traders and partnerships) that produce complete light trucks and utility vehicles such as light-duty vans, minivans, pick-up trucks and sports utility vehicles, and complete heavy-duty trucks, buses, coaches, heavy-duty motor homes and other special purposes heavy duty motor vehicles for highway use. A commercial vehicle is a motor vehicle that is designed to usually carry more than one tonne payload after seats, however of late many mini vehicles have been launched which carry weight above 500 kilos. Commercial vehicles are usually designed for the transportation of cargo and passengers comprising more than eight seats.

The autonomous cars market consists of sales of autonomous cars and related services. An autonomous car means navigating a vehicle without human input from passengers using sensing equipment (LIDAR), environmental sensitive control equipment, and navigation equipment. The global autonomous cars market is expected grow from $719.94 billion in 2020 to $809.15 billion in 2021 at a compound annual growth rate (CAGR) of 12.4%. 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 $1383.89 billion in 2025 at a CAGR of 14%. The autonomous cars market covered in this report is segmented by product type into semi-autonomous vehicles, fully-autonomous vehicles. Rise in the development of smart cities is a key factor driving the growth of the autonomous cars market. The electric autonomous cars help reduce air pollution in smart cities and also help to fight climate change. By using driverless cars, traffic accidents can be decreased by 90%, significantly improving the safety of our roads. Several countries such as Mexico, Canada and the United States are deploying digital infrastructure to promote communication between vehicles and networks to collect essential information, thereby reducing traffic congestion and improving road safety. Therefore, rise in the development of smart cities is expected to drive the growth of the autonomous cars market. Cybersecurity and safety concerns are the key factors hindering the growth of the autonomous cars market. Although the self-driving car market has enormous growth potential, many customers are not quite ready to hand over the keys owing to the threat of hackers as they can try to steal data and self-driving cars can go unofficial by exposing their driving routes and destinations that could threaten the privacy of passengers. The prospect of hackers taking control of the vehicles is even more concerning. For example, the first case of an autonomous car killing a pedestrian was reported in Arizona (USA) in 2018. In July 2020, cybersecurity researchers used the latest hacking techniques to hack into the electrical systems of a Jeep Cherokee. Using the Internet, they were able to obtain wireless control of the Jeep Cherokee giving them on to the Jeep’s entertainment system, allowing them to relay commands to its dashboard functions, steering, brakes, and transmission, and they were ready to do all of this remotely 10 miles away from the vehicle's location. The correlation between these attacks on common IoT devices and attacks in a connected or autonomous vehicle is the possibility of increased life and property risk in the vehicle context. Full automation vehicles is a key trend in the autonomous cars market. The full automation vehicles are capable of performing all driving functions in all circumstances, these vehicles are being designed to be used as robo-taxis, among others, such as Waymo. Eventually, these self-driving cars will blend into U.S. roadways by improving technology across six stages of driver assistance in the coming years from No automation (where a fully engaged driver is still required) to full autonomation (where an automated vehicle runs independently, without a human driver). Tesla has confirmed that it plans to provide a software update to its vehicles sometime by the end of 2019 or early 2020. Also, according to Wired, by the end of 2020, Teslas will be fully autonomous. In June 2019, Apple, an American based company, designs, develops and sells consumer electronics, computer software, and online services acquired Drive.ai for an undisclosed amount. This acquisition boosts Apple’s own development of a self-driving vehicle system. Drive.ai, a California based company, works on autonomous cars. The major players covered in the global autonomous cars market are BMW Group, Tesla Inc., Ford Motor Company, General Motor Company, Nissan Motor Corporation, Daimler AG, Toyota Motor Corporation, Volkswagen AG, Volvo Group, Waymo LLC, Aptiv, Continental AG, Nvidia Corporation, Intel Corporation, Baidu Inc., Honda Motor Company Ltd., Hyundai Motor company, Uber Technologies Inc., FCA Italy S.p.A., Fiat-Chrysler, Autoliv Inc., Bosch GMBH, Jaguar Land Rover Limited, Subaru of America, Inc., Audi AG, Groupe SA, AB Volvo, Robert Bosch GMBH, Denso Corporation, Samsung, Google Inc. The countries covered in the global autonomous cars market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global autonomous cars market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global autonomous cars market is segmented - 1) By Product Type: Semi-Autonomous Vehicles, Fully-Autonomous Vehicles 2) By Application: Civil, Robo Taxi, Ride Hail, Ride Share, Others 3) By Type: Battery Electric Vehicle (BEV), Internal Combustion Engine (ICE), Hybrid Electric Vehicle (HEV)

The autonomous ships market consists of sales of autonomous ships and related services. The autonomous ship is also known as crewless watercraft piloted by artificial intelligence (AI) without human interference. These ships are unmanned and function autonomously as a type of seafaring drone. Autonomous ships work on artificial intelligence technology and sensors which include LiDAR, radar, high definition cameras, sonar, and thermal imaging. The various levels of autonomous operations comprise fully manned to partially operated, partially autonomous, remote operated, and fully autonomous ships. The global autonomous ships market is expected grow from $5.68 billion in 2020 to $6.46 billion in 2021 at a compound annual growth rate (CAGR) of 13.7%. 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 $9.24 billion in 2025 at a CAGR of 9%. The autonomous ships market covered in this report is segmented by autonomy into fully autonomous; remote operations; partial autonomous and by end-user into commercial; defense. Increasing marine accidents caused by human errors lead to high financial losses which are predicted to act as a major driver for the growth of the autonomous ships market. Unmanned ships or autonomous technology apprehend accidents attributing to human errors and contributes to the higher potential of reducing onboard accidents. According to the International Institute of Marine Surveying report published in November 2019, human error represents 58% of accidental events and 70% of accidents had shipboard operations as a major cause for accidents. Therefore, the use of autonomous ships in order to reduce the increasing number of accidents due to human error and financial losses is expected to drive the demand for autonomous ships over the next coming years. The increasing threat of cybersecurity and privacy is expected to limit the growth of the autonomous ships market during the forecast period. The advancements in technology and adoption of artificial intelligence (AI), mobility systems, and the internet of things (IoT) are creating higher chances of cybersecurity and data threats which is a major challenge for the autonomous ship industry. According to Association for Computing Machinery (ACM)’s journal on cybersecurity of the autonomous ship, cybersecurity is a serious issue for autonomous ships, regardless of the form and level of autonomy of the ship, owing to their increased dependence on ICT for controlling the ship, accessibility of systems to the internet, and increased connectivity of ship’s control system to onshore monitoring systems. Thus, the rising threat for cybersecurity and privacy is predicted to act as a major factor restraining the autonomous ships market over the forthcoming years. Major companies undertaking various strategic initiatives such as the development of fully autonomous ships, which is likely to be a major trend driving the growth of the autonomous ships industry. For instance, according to Offshore Energy news published in December 2018, Rolls Royce, a technology company, and Finferries, a state-owned ferry operator demonstrated the world’s s first fully autonomous ferry in the archipelago south of the city of Turku, Finland. It used a combination of Rolls Royce ship intelligence technology in order to navigate autonomously during its journey between Paraninen and Nauvo. The development of fully autonomous is a major trend that is anticipated to provide growth opportunities to the market. In May 2018, Wärtsilä Corporation, the technology group announced the acquisition of Transas, a UK-based firm for an amount of $257.8 million. This acquisition is a part of Wärtsilä Corporation’s attempt to expand the company’s smart marine ecosystem vision. The smart marine ecosystem is a vision where smart vessels connect with smart ports in order to improve the operational efficiency and use of resources to reduce risk and impact on the environment by enhancing security and safety. Transas was founded in 1990 and is a provider of ship & fleet operation solutions which includes access to information for real-time information, digital data and electronic chart services, and bridge infrastructure. The major players covered in the global autonomous ships market are General Electric, DNV GL, Rolls-Royce Holding PLC, Kongsberg Gruppen AS, NYK Line, Mitsui E&S Holdings Co Ltd, Wärtsilä Corporation, DSME Co., Ltd., Vigor Industrial LLC., Praxis Automation Technology B.V., Valmet Corp, Automated Ships Ltd., ASV Global , Rh Marine, L3 ASV, Siemens. The countries covered in the global autonomous ships market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global autonomous ships market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global autonomous ships market is segmented - 1) By Autonomy: Fully Autonomous, Remote Operations, Partial Autonomous 2) By End-User: Commercial, Defense 3) By Propulsion Type: Fully Electric, Hybrid 4) By Fuel Type: Carbon Neutral Fuels, LNG, Electric, and Heavy Fuel Oil/Marine Engine Fuel

The market for autonomous trains consists of sales of autonomous trains, which are automatic train protection (ATP) system enabled, helps the train to automatically stop at signals with speed control. The trains are designed with high powered cameras, latest sensors, GPS data, and onboard computer systems. The data is collected from sensors and monitored at control rooms which enables the autonomous system to make an informed decision. Autonomous trains can run more frequently and achieve higher speeds, enables managers to increase the number of trains in operation on a route instead of having to go to the significant expense of building new tracks. The market consists of revenue generated by the company’s manufacturing the automatic trains by the sales of these products. The global autonomous trains market is expected grow from $6.95 billion in 2020 to $7.73 billion in 2021 at a compound annual growth rate (CAGR) of 11.2%. 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 $10.8 billion in 2025 at a CAGR of 9%. The autonomous trains market covered in this report is segmented by train type into suburban trains; tram; monorail; subway/metro; long distance trains. Increased need for a safe, efficient, cheap, fast and reliable mode of transportation is contributing the growth of global autonomous train market. Rail is the safest mode of land transport and more attractive to the customer. It is also one of the fastest mode of transports, which moves on high speed lines that are expected to average up to 300 km/hour. The distance of 1000 km can easily be reached within 5 to 7 hours. It offers much greater flexibility of the time, allowing train frequencies to be better matched to demand at peak and off-peak times. This offers a much better service to potential passengers and drives an increase in passenger numbers. When it comes to the fares, intra-modal competition among railway operators, and competition among railway suppliers will keep fares affordable even in countries with low per capita income. Increased safety and cheaper fares compared to other transports drove the autonomous train market. High deployment and operational costs along with increased security concerns is expected to limit the growth of autonomous train market. The capital costs of signalling and control equipment are likely to be associated with maintenance costs, operational costs, and large capital investments. On the other side, the transfer of data between a trains safety critical system, in particular, is a potential target for hackers. ATO (Automatic Train Operation) with its interconnectivity with other systems has an increased threat, making it potentially vulnerable to cyberattack. As it transfers high resolution, real-time train determination information between the wayside, the train and the control centre, it is essential to ensure this vital data remains secure. LiDAR and Artificial Intelligence are increasingly being used in autonomous trains to improve the performance of the trains. LiDAR (Light Detection and Ranging) system measures speed of moving train and captures irregularities of the track and evaluates the rail track quality. It uses two pairs of lenses to capture speed signals from both rails individually. The track speed, curvature, and lateral and vertical geometry variations on each side are determined. Artificial Intelligence (AI) is expected to improve the performance of automated metro lines by enabling predictive maintenance which help to reduce the incidents and assist operators to recover from incidents more quickly. Control Centre with visual and voice interactions during an incident is a time-consuming process. AI also help to reduce these interactions and allow traffic controllers to focus on the core problem. In February 2020, Alstom, a France based manufacturing company acquired Bombardier Inc. for $7.02 billion to $7.50 billion. The acquisition of Bombardier Transportation is a one-time opportunity coming at the right moment for Alstom, having significantly strengthened its operational and financial profile over the past 4 years to accelerate its strategic roadmap, and adding to Alstom complementary commercial and industrial platforms. Bombardier Inc., a Canada based train transport company. The major players covered in the global autonomous trains market are Alstom S.A., ABB, Bombardier Transportation, CRRC Transportation, Hitachi Ltd., Kawasaki Heavy Industries, Mitsubishi Heavy Industries, Siemens AG., Thales Group, Ansaldo, Beijing Traffic Control Technology, General Electric, China CNR Corporation Ltd, Incheon Transit Corporation, Intesens, Transmashholding, CalAmp, Hollysys, Deuta, Wabtec Corporation, Ingeteam, Tech Mahindra Ltd, American Equipment Company, Belden, Inc., Bharat Forge Ltd., CAF, Construcciones y Auxiliar de Ferrocarriles, S.A, Deutsche Bahn AG, Tvema, Wabtec Corporation. The countries covered in the global autonomous trains market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global autonomous trains market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global autonomous trains market is segmented - 1) By Train Type: Suburban Trains, Tram, Monorail, Subway/Metro, Long Distance Trains 2) By Technology:  Automatic Train Control (ATC), Communication-Based Train Control (CBTC), European Railway Traffic Management System (ERTMS), Positive Train Control (PTC) 3) By Grade of Automation: GOA1, GOA2, GOA3, GOA4 4) By Application: Passenger Train, Freight, Mining

The light commercial vehicle market consists of sales of light commercial vehicles and related services by entities (organizations, sole traders and partnerships) that produce complete light trucks and utility vehicles such as light duty vans, pick-up trucks, minivans, and sport utility vehicles. Only goods and services traded between entities or sold to end consumers are included. The global light commercial vehicle market is expected to grow from $440.87 billion in 2020 to $475.29 billion in 2021 at a compound annual growth rate (CAGR) of 7.8%. The growth is mainly due to the companies rearranging their operations and 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 $652.34 billion in 2025 at a CAGR of 8.2%. The light commercial vehicle market covered in this report is segmented by vehicle type into passenger van, cargo van, pickup trucks, light trucks, mini buses, others. The increase in online shopping is expected to drive the light commercial vehicles market. As urbanization has increased, it has created new retail and e-commerce platforms that require efficient logistics, which could be fulfilled by light commercial vehicles (LCV). Moreover, the current pandemic situation has spike online shopping owing to the health concerns. According to Adobe Analytics, consumers in the USA spent $2.2 billion on November 2nd, 2020, a 31% increase in year-over-year growth and another $2.0 billion on November 3rd, 2020, which was a 27% year-over-year increase. Thus, increased demand for goods through e-commerce is pushing the use of LCV in logistics paving way for growth of the light commercial vehicles market. The stringent emission norms by the government related for CO2 emissions is expected to be a major challenge for the light commercial vehicles market. In the European Union (EU), LCV CO2 emission targets in 2017 were set at 175g/km. In April 2019, the EU imposed stricter CO2 emission standards on passenger cars and LCV and came into force in January 2020. According to the new regulation standards (Regulation (EU) No 2019/631), the average CO2 emission target is 147 grams of CO2 per kilometre. The new regulations focus on reducing average CO2 emission by 31% for LCVs by 2030 as compared to 2021. The commission will impose an excess emission premium on the manufacturer of $112.15 (€95) for each g/km that is exceeded for all registered LCV if the manufacturer exceeds specific emissions target. The strict CO2 emission regulations impact the manufacturing expenditure and limit the growth of the light commercial vehicles market. Skateboard architecture is increasingly being preferred by manufacturers for high efficiency and productivity in the light commercial vehicles and turning to be a trend in the light commercial vehicles market. The skateboard architecture refers to an actual physical platform, which forms the floor of the vehicle, and incorporates the battery. For instance, in February 2020, Hyundai, partnered with Canoo, a Los Angeles-based company creating EVs, to jointly develop an electric vehicle (EV) platform. Canoo’s scalable skateboard architecture will provide a simplified and standardised development process for Hyundai and Kia electrified vehicles and this will help reduce costs. The major players covered in the global light commercial vehicle market are Daimler, Ford, Renault, Volkswagen, Ashok Leyland, Tata Motors, SML Isuzu Limited, Toyota Motor, Groupe PSA, Nissan, Volvo AB, Anhui Jianghuai Automobile, Mahindra And Mahindra Limited, VE Commercial Vehicles Limited, Avtovaz, General Motors, Honda Motor Company, Gaz Group, Hyundai Motor Company, Mitsubishi Motors, UPS, Workhorse, Dongfeng Motor Corporation, GM Holden, Mazda, Force Motors Limited, Piaggio Vehicles Private Limited, Scania Commercial Vehicles India Private Limited, GMC. The countries covered in the global light commercial vehicle market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global light commercial vehicle market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global light commercial vehicle market is segmented - 1) By Vehicle Type: Passenger Van, Cargo Van, Pickup Trucks, Light Trucks, Mini Buses, Others 2) By Fuel: Electric, Diesel, Gasoline 3) By Tonnage Capacity Type: Less Than 2.5 Tons, 2.5 To 3.5 Tons, More Than 3.5 Tons

The buses and coaches market consists of sales of buses and coaches and related services by entities (organizations, sole traders and partnerships) that produce buses for the purpose of transporting people and goods. The global buses and coaches market is expected to grow from $76.7 billion in 2020 to $87.46 billion in 2021 at a compound annual growth rate (CAGR) of 14%. The growth is mainly due to the companies rearranging their operations and 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 $149.91 billion in 2025 at a CAGR of 14.4%. The buses and coaches market is segmented by type into diesel buses, hybrid buses, electric buses, ethanol buses and by application into general, personal, recreational, tourist, others. The increasing demand to travel by bus is expected to drive the growth of the buses and coaches’ market over coming years. According to the Red Bus Creators, the bus sector in India is expanding at a rate of 30-40% year-on-year. The Redbus organization is exhibiting a massive 80% growth year-on-year in India itself. Therefore, the growing demand for bus drives the growth of the buses and coaches market. Fluctuating prices of metals such as iron and steel are expected to limit the growth of the buses and coaches market in the coming years. The automotive industry uses various structural components for bus manufacturing, including iron, steel, and other metals and fluctuating metal prices increase operational expenses. According to Trade Economics, Iron ore, a raw material for iron manufacturing is $27 per Metric ton for the start of 2020. In March, the price of iron ore was $82, and in October price was $118. Steel price in February 2020 was $507 (3370 Yuan) per Metric ton, and in October price was $545 (3631 Yuan) per Metric ton. Therefore, the fluctuating price of metals hinders the buses and coaches market. The autonomous bus is a key trend gaining the popularity in the buses and coaches market. The number of autonomous bus pilots is growing, and many manufacturers have already confirmed the introduction of autonomous bus deliveries within a few years from 2019. In November 2019, Volvo Buses conducted a live presentation of a 7900 Hybrid City Bus designed for autonomous operation. The vehicle successfully travelled between the parking lot and several workstations, including washing, repair and electrical charging, before parking in the correct spot, with all travellers on board. In May 2019, NFI Group, a North American-based bus manufacturer acquired the UK based bus manufacturer Alexander Dennis Limited (ADL) for a deal amount of $405 million (£320 million). The acquisition enhances the NFI product portfolio, diversifies its business model and provides a platform for international development. Alexander Dennis Limited (ADL) is a bus and coach manufacturer and has vehicle services in the UK, Europe, Hong Kong, Singapore, New Zealand, Mexico, Canada, the United States sold under Alexander Dennis and Plaxton brands. The major players covered in the global buses and coaches market are Daimler, VDL Bus and Coach, Scania, Volvo, Marcopolo, Eicher Motors Limited, TATA Motors, Ashok Leyland, Solaris Bus and Coach SA, IVECO, Hyundai Motor Company, VanHool, Zhengzhou Yutong Bus, Alexander Dennis, Xiamen King Long United Automotive, Zhengzhou Yutong Bus Co. Ltd. The countries covered in the global buses and coaches market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global buses and coaches market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global buses and coaches market is segmented - 1) By Type: Diesel Buses, Hybrid Buses, Electric Buses, Ethanol Buses 2) By Application: General, Personal, Recreational, Tourist, Others 3) By Body Built: Fully Built, Customizable

The heavy trucks market consists of sales of heavy trucks and related services by entities (organizations, sole traders and partnerships) that produce complete heavy trucks and vehicles for the purpose of transporting bulk goods. Only goods and services traded between entities or sold to end consumers are included. The global heavy trucks market is expected to grow from $201.52 billion in 2020 to $221.85 billion in 2021 at a compound annual growth rate (CAGR) of 10.1%. The growth is mainly due to the companies rearranging their operations and 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 $330.32 billion in 2025 at a CAGR of 10.5%. The heavy trucks market covered in this report is segmented by type into class 5; class 6; class 7; class 8. Growth in the demand for heavy trucks from end-users such as in construction, mining and other sectors is contributing to the growth of heavy trucks manufacturing market. According to executives of leading truck makers, increase in construction activities boosted the sales of tipper trucks, concrete mixers and other heavy vehicles. Also the 2019 annual report from the American Trucking Association indicated that the revenue of the trucking industry was reported to be $796.7 billion in 2018, little more than $700.1 billion in 2017. In June 2019, around 344,000 class 8 trucks were sold in the American market. Increase in demand for heavy trucks from the end users is expected to drive the heavy truck market in the forecast period. COVID-19 outbreak across the globe has impacted the production and demand for heavy trucks and this is expected to restrain the heavy trucks market during the forecast period. The pandemic has led to restrictive containment measures involving social distancing, remote working, and closures of several manufacturing units in order to contain the disease. Such lockdown norm has led to supply chain disruptions across several industries including heavy trucks manufacturing industries. According to S&P Global Inc., a financial information and analytics company indicated that global sales of heavy duty trucks will decline by 20% to 30% in 2020 due to COVID-19 impact. In 2019, 2.3 million units were sold which declined to 1.7 million units in 2020, further the sales recovery is expected by 10% by 2021. Therefore, COVID-19 outbreak is a major restraining factor which is expected to impact the growth of heavy trucks market negatively. Vehicles fitted with advanced driver-assistive technologies and safety features are new trends in the heavy trucks market. Advanced driver-assistive technologies include features like Collision Mitigation System (CMS) and a Lane Departure Warning System (LDWS) aiming to reduce road accidents and increase vehicle safety. In 2018, TATA Motors collaborated with WABCO India to provide advanced driver-assistive technologies in their commercial vehicles. TATA Motors became first Original Equipment Manufacturer (OEM) that provided Collision Mitigation System (CMS) and Lane Departure Warning System (LDWS) solutions for trucks. Benefits that are obtained from these technologies include warning of movement of vehicles in poor visibility conditions, avoiding rear-end collisions, recognizing lane marking and helping drivers in staying in road lanes. In March 2019, Daimler Trucks, a German multinational automotive corporation and manufacturer of heavy and medium trucks, acquired Torc Robotics, pioneer in autonomous driving, to create a technology powerhouse for automated trucks, for an undisclosed amount. The acquisition will help Daimler to jointly develop and test automated trucks with SAE Level 4 intent technology on public roads. The major players covered in the global heavy trucks market are Volvo Trucks, Daimler, Paccar, Isuzu Motors Ltd, TATA motors, Eicher Motors Ltd, Dongfeng Motor Group Company Ltd, Navistar, Ford Motor Company, Volkswagen, MAN, Dongfeng, FAW, CNHTC, Scania AB, Ashok Leyland, Kenworth, Oshkosh Corporation. The countries covered in the global heavy trucks market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global heavy trucks market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global heavy trucks market is segmented - 1) By Type: Class 5, Class 6, Class 7, Class 8 2) By Fuel: Diesel, Natural Gas, Hybrid Electric, Gasoline 3) By Application: Construction and Mining, Freight and Logistics, Others