Global Semi-autonomous & Autonomous Truck Market: Key Highlights
Global Semi-autonomous & Autonomous Truck Market: Key Market Dynamics
Global Semi-autonomous & Autonomous Truck Market: Regional Overview
The Asia-Pacific region is projected to be the largest contributor to the semi-autonomous & autonomous truck market owing to the growing automotive sector. The growth in the automotive sector in the region is mainly owing to the increasing demand for road safety as well as electric vehicles. Among the Asia Pacific, China, Singapore, Japan are the prominent destinations for the automotive market, which is projected to drive the semi-autonomous & autonomous truck market growth.
Europe is expected to dominate the semi-autonomous and autonomous truck market over the forecast period due to the presence of major automotive manufacturers in the region. The huge adoption of heavy trucks in the region is also a major driving factor behind the growth of the market. Major European manufacturers such as Daimler AG (Germany) and AB Volvo (Sweden) are focusing on research and development activities to develop autonomous and semi-autonomous vehicles.
Global Semi-autonomous & Autonomous Truck Market: Key Players Overview
Robert Bosch GmbH is a German-based company that offers industrial products, auto spare parts, mobility, control & drive technology, business process outsourcing, among others. In 2019, Bosch Group invested 19 billion USD through its corporate venture arm namely Robert Bosch Venture Capital GmbH (RBVC) for the new startup company in Trunk based in Beijing, China. The trunk provides software and hardware solutions for autonomous trucking.
Continental AG is a German-based company that specialized in manufacturing automotive safety, chassis and powertrain components, interior electronics, brake systems, tires, tachographs, and other parts for the automotive and transportation industries. In 2018, Continental AG and Knorr-Bremse signed partnership agreement for development of end to end solution for highly automated driving vehicles for trucks.
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