The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The increase in government approvals for testing autonomous trucks on public roads are expected to drive innovation in autonomous commercial vehicle manufacturing, thus driving the market during the forecast period.

The global autonomous commercial vehicle market is expected to grow from $6.41 billion in 2022 to $7.95 billion in 2023 at a compound annual growth rate (CAGR) of 23.9%. The global autonomous commercial vehicle market size is expected to grow to $16.24 billion in 2027 at a CAGR of 19.6%.

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Global Autonomous Commercial Vehicle Market Segments Include:

• 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
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global autonomous commercial vehicle market in 2021.

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

Technological advancement is a key trend gaining popularity in the autonomous commercial vehicle market. Major companies operating in the autonomous commercial vehicle market are developing innovative products with advanced technologies to strengthen their position. For instance, in July 2020, TuSimple, a US-based autonomous trucking technology company, launched the world’s first Autonomous Freight Network (AFN). AFN is an ecosystem consisting of autonomous trucks, strategically placed terminals, digitally mapped routes, and TuSimple Connect, an autonomous operations monitoring system that works together to create the safest and most efficient way to bring self-driving trucks to market.

The Autonomous Commercial Vehicle Global Market Report 2023  provides a autonomous commercial vehicle market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The autonomous commercial vehicle market forecast analyzes autonomous commercial vehicle market size, autonomous commercial vehicle market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

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.

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