The report provides in-depth analysis on the topic and discuss drivers, restraints and opportunities available in the market. The service is designed to help our clients in their decision support system. The analysis also cover the complete spectrum of the research topic to help our clients meeting their business objective.
An automated truck also known as self-driving truck, is able to run on the roads even without any physical presence of a human being. It incorporates advanced technological system like improved quality sensors and cameras and eliminates the requirement of a driver of stirring the wheel. Moreover, it vastly relies on satellites, guided systems and ground sensors. The inbuilt system identifies any impediments and relevant obscurity to give proper navigation to the trucks to run without any obstacle.
Due to the elevated concerns regarding the road safety with the positive economic effect on trucking & freight transport industry, the automated truck market industry is spurring. According to the forecast, demand of 5G technology for vehicle movement is increasing at a rapid pace, which is also contributing to this growth. Further the government of various countries are quite curious about this newly invented automated trucks, which plays a significant role for the industry as well.
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The global automated truck market is segmented on the basis of automation level, sensors, propulsion, and truck type. Based on automation level, the market is segmented as Level 1, Level 2, Level 3, Level 4, and Level 5. Based on sensors, the automated truck market is divided into Radar, LiDAR, Camera, and Others. On basis of propulsion, the market is bifurcated into diesel, electric, and hybrid. Further, on basis of truck type, the market is segmented into medium duty truck and heavy duty truck.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global automated truck market based on various segments. it also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The automated truck market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting automated truck market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for the automated truck market for each region.
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- Learn about the driving factors, affecting the market growth.
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This post was originally published on Trading Herald