Autonomous Truck Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Global Autonomous Trucks Market has been segmented by Type (Light-duty trucks, Medium-duty trucks, and Heavy-duty trucks), Level of Autonomy (Semi-Autonomous and Fully Autonomous), ADAS features (Adaptive Cruise Control (ACC), Lane Departure Warning, Intelligent Park Assist, Highway Pilot, Automatic Emergency Braking (AEB), Blind Spot Detection (BSD), Traffic Jam Assist, and Lane Keeping Assist System), Component Types (LIDAR, RADAR, Camera, and Sensors), Drive Type (IC engine, electric and hybrid) and by Geography (North America, Europe, Asia-Pacific, and Rest of the World). The report offers market size and forecast for Autonomous Truck in terms of value (USD Billion) for all the above segments.

Autonomous Truck Market Size

Autonomous Truck Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 23.00 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Autonomous Truck Market

*Disclaimer: Major Players sorted in no particular order


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Autonomous Truck Market Analysis

The autonomous truck market was valued t USD 240 Billion in 2021 and is expected to reach USD 850 Billion by 2027, registering a CAGR of 23% during the forecast period (2022 - 2027)

The COVID-19 pandemic had a relatively more minor impact on this automotive industry segment compared to the whole. The demand for autonomous trucks was slightly hindered due to the lockdown and global transportation halt due to the pandemic. However, with market and trade gradually opening up and the increased need for automation, the autonomous truck market is hoping for an economic revival.

  • Some major factors driving the growth of the market are the expansion of industrial sectors in the emerging market, growing demand from the logistics industry, and rising demand from the construction sector (owing to growing construction activities). The market is expected to witness growth in the coming years due to growing economies across developing and developed counties.
  • Although autonomous/driverless trucks have a great potential to replace conventional trucks in terms of convenience-high, cost of manufacturing, lack of proper infrastructures, inadequate regulations and policies of governments, and safety of commuters and pedestrians are some of the reasons are acting as a hindrance in the growth. There have been 36 reported accidents involving autonomous vehicles.
  • The rising demand for vehicle safety and stringent government rules drive the ADAS market growth. National Highway Traffic Safety Administration (NHTSA) makes it mandatory for all trucks with weights ht range from 8501 lb. to 10000 lb. to be equipped with Automatic Emergency Braking by September 1, 2022. United Kingdom has also set up a Centre for Connected and Autonomous Vehicles (CAV) that is working towards establishing laws and regulations to allow vehicle testing on highways and roads.

Autonomous Truck Market Trends

This section covers the major market trends shaping the Autonomous Truck Market according to our research experts:

ADAS demand is on the rise

Rising awareness among customers is leading to growth in demand for vehicles with autonomous and advanced safety features. 90% of the customers who opt for any ADAS system in their vehicle become repeat purchasers. Government norms and policies are also boosting the sales of the ADAS market. US and European authorities will make the installation of Automotive Emergency Braking (AEB) mandatory by 2022 and the Forward Collision Avoidance/Warning System by 2020.

The complete ADAS systems are featured in expensive luxury segment vehicles only. Many truck OEMs collaborate with ADAS manufacturing companies to produce low-cost ADAS systems. However, vehicles (commercial and passenger) register a minute average annual growth of 1% in their prices, while ADAS systems are expensive due to their high manufacturing cost. OEMs may show reluctance in increasing the prices of small and mid-sized vehicle segments, and ADAS companies might not get the expected return. This factor might hinder the growth of the ADAS market.

Top OEM suppliers have adopted the strategy of partnering with technology companies to develop ADAS. Tech companies like Nvidia have entered this space to provide services to companies such as Volvo and Paccar. Amazon is using Embark's self-driving trucks to deliver its cargo.

Passive safety (safety measures to prevent drivers from injuries during or after the crash) has seen a lot of innovations in the past decades, andminimale scope for improvement is left to make in the markets of developed geographies. Companies are now focusing on providing the best passive safety in developing markets. Active Safety (to predict and avoid crashes) is in its initial stage and has a lot to offer. Any ADAS technology that gets early approval from a majority of players will play a crucial role in the development of fully autonomous vehicles in the future.

Autonomous Truck Market Trends

North America is leading the autonomous truck market

Although Autonomous trucks are in the early stage of adoption across the globe in geographies such as Europe and the Asia Pacific, North America is currently the largest market due to the availability of infrastructure and significant technology companies that are entering autonomous driving segment.

The rising electrification of vehicles due to infrastructure development by companies such as Tesla is also propelling the market in North America. The induction of x-by-wire technology in electric vehicles is helping in the improvement of autonomous driving.

In Sep 2021, PACCAR teamed up with Aurora, a leading autonomous driving technology company, to launch a commercial pilot of autonomous trucks in hauling operations in Washington. The technology is expected to be used by FedEx.

In 2019, Daimler Trucks North America partnered with Torc Robotics and started testing autonomous trucks at Interstate 81 in Virginia. At CES 2020, Kenworth Truck Co. unveiled its autonomous truck technology based on the T680 truck. The autonomous truck uses sensors and LiDAR and collects up to 1 terabyte of data per hour during driving.

Autonomous Truck Market Growth Rate

Autonomous Truck Industry Overview

The autonomous truck market is firmly consolidated by players such as Daimler, Volvo, Tesla, etc. The primary strategy players adopt collaborating with technology companies to integrate services such as artificial intelligence (AI), robotics, advanced analytics, Internet of Things, Cloud technology, etc., in the production and operation of autonomous trucks.

  • In Sep 2021, Volvo Autonomous Solutions revealed a prototype long-haul autonomous truck for the North America application.

Autonomous Truck Market Leaders

  1. Daimler AG

  2. Tesla

  3. Mercedes

  4. TuSimple

  5. Volvo Group

*Disclaimer: Major Players sorted in no particular order

Daimler AG, Tesla, Mercedes, TuSimple, Volvo Group
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Autonomous Truck Market News

In 2021, Daimler Trucks introduced a new industry standard scalable truck platform for autonomous driving that can produce ASE level 4 autonomous trucks with redundant systems for additional safety.

In Oct 2020, Daimler partnered with Waymo to build fully driverless semi-trucks. This strategic partnership provides Daimler with autonomous driving technology from Waymo to integrate it into the company's trucks.

Autonomous Truck Market Report - Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry


    1. 5.1 Type

      1. 5.1.1 Light-duty Trucks

      2. 5.1.2 Medium-duty Trucks

      3. 5.1.3 Heavy-duty Trucks

    2. 5.2 Level of Autonomy

      1. 5.2.1 Semi-Autonomonus

      2. 5.2.2 Fully Autonomoys

    3. 5.3 ADAS Features

      1. 5.3.1 Adaptive Cruise Control

      2. 5.3.2 Lane Departure Warning

      3. 5.3.3 Intelligent Park Assist

      4. 5.3.4 Highway Pilot

      5. 5.3.5 Automatic Emergency Braking

      6. 5.3.6 Blind Spot Detection

      7. 5.3.7 Traffic Jam Assist

      8. 5.3.8 Lane Keeping Assist System

    4. 5.4 Component Types

      1. 5.4.1 LIDAR

      2. 5.4.2 RADAR

      3. 5.4.3 Camera

      4. 5.4.4 Sensors

    5. 5.5 Drive Type

      1. 5.5.1 IC Engine

      2. 5.5.2 Electric

      3. 5.5.3 Hybrid

    6. 5.6 Geography

      1. 5.6.1 North America

        1. United States

        2. Canada

        3. Rest of North America

      2. 5.6.2 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Russia

        5. Spain

        6. Rest of Europe

      3. 5.6.3 Asia-Pacific

        1. China

        2. Japan

        3. India

        4. South Korea

        5. Rest of Asia-Pacific

      4. 5.6.4 Rest of the World

        1. South America

        2. Middle-East and Africa


    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles*

      1. 6.2.1 AB Volvo

      2. 6.2.2 Mercedes Benz Group

      3. 6.2.3 Traton SE

      4. 6.2.4 TuSimple

      5. 6.2.5 Fabu Technology

      6. 6.2.6 Tesla Inc.

      7. 6.2.7 Paccar Inc

      8. 6.2.8 BYD Co. Ltd.

      9. 6.2.9 Einride

      10. 6.2.10 Embark


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Autonomous Truck Industry Segmentation

The autonomous truck market has been segmented by type (light duty trucks, medium duty trucks, and heavy-duty trucks), level of autonomy (level 0, level 1, level 2, level 3, level 4, level 5), ADAS features (Adaptive Cruise Control (ACC), Lane Departure Warning, Intelligent Park Assist, Highway Pilot, Automatic Emergency Braking (AEB), Blind Spot Detection (BSD), Traffic Jam Assist, Lane Keeping Assist System), Component Types (LIDAR, RADAR, Camera, and Sensors), Drive Type (IC engine, electric and hybrid) and by Geography (North America, Europe, Asia-Pacific and Rest of the World). The report offers market size and forecast for Autonomous Truck in terms of value (USD Billion) for all the above segments.

Light-duty Trucks
Medium-duty Trucks
Heavy-duty Trucks
Level of Autonomy
Fully Autonomoys
ADAS Features
Adaptive Cruise Control
Lane Departure Warning
Intelligent Park Assist
Highway Pilot
Automatic Emergency Braking
Blind Spot Detection
Traffic Jam Assist
Lane Keeping Assist System
Component Types
Drive Type
IC Engine
North America
United States
Rest of North America
United Kingdom
Rest of Europe
South Korea
Rest of Asia-Pacific
Rest of the World
South America
Middle-East and Africa
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Autonomous Truck Market Research FAQs

The Autonomous Truck Market is projected to register a CAGR of greater than 23% during the forecast period (2024-2029)

Daimler AG, Tesla, Mercedes, TuSimple and Volvo Group are the major companies operating in the Autonomous Truck Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Autonomous Truck Market.

The report covers the Autonomous Truck Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Autonomous Truck Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Autonomous Trucks Industry Report

Statistics for the 2024 Autonomous Trucks market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Autonomous Trucks analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Autonomous Truck Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)