Market Forecast by Countries (Germany, United Kingdom, France, Italy, Russia, Spain, Rest of Europe), By Level of Autonomy (Level 1, Level 2, Level 3, Level 4), By Sensor Type (Ultrasonic, Radar, Camera, LiDAR), By Propulsion (Diesel, Electric, Others), By Truck Type (Light Duty Truck, Medium Duty Truck, Heavy Duty Truck) And Competitive Landscape
Product Code: ETC185016 | Publication Date: May 2021 | Updated Date: Sep 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 250 | No. of Figures: 50 | No. of Tables: 25 | |
Report Name | Europe Autonomous Trucks Market |
Forecast Period | 2024-2030 |
Forecast Size | USD 15 Billion |
CAGR | 8.4% |
Growing Sector | Logistics and Transportation sector |
Europe Autonomous Trucks Market report thoroughly covers the market by Countries, By Level of, By Sensor, By Propulsion & By Truck Type. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Europe Autonomous Trucks Market is poised for significant growth during the forecast period from 2024 to 2030. With advancements in artificial intelligence and regulatory support for self-driving technology, the market is expected to expand robustly. By 2030, the market size is projected to reach USD 15 billion, reflecting a compound annual growth rate of approximately 8.4%. This growth is driven by the demand for increased efficiency and cost-effectiveness in logistics and transportation sectors. Additionally, stringent emission standards and a growing focus on road safety further propel the adoption of autonomous truck technology across the region.
The Europe Autonomous Trucks Market is poised for significant growth between 2024 and 2030, driven by technological advancements and a growing emphasis on operational efficiency within the logistics industry. With the adoption of Industry 4.0 practices, the integration of AI and machine learning facilitates the development of highly autonomous trucking solutions. Key driving factors include the rising demand for efficient freight operations, the reduction in labor costs, and stringent regulations on emissions, which push companies to explore cleaner and more sustainable transport solutions. Additionally, improvements in sensor technologies and infrastructure readiness will likely accelerate the deployment of autonomous trucks across major European routes, promising enhanced safety and reduced turnaround times in goods transportation.
According to 6Wresearch, the Europe Autonomous Trucks Market Size is expected to reach a CAGR of 8.4% during the forecast period 2024-2030. This impressive growth rate is primarily driven by the increasing demand for efficient and reliable logistics solutions, advancements in AI and machine learning technologies, and government initiatives promoting autonomous vehicle adoption. Additionally, the need to address driver shortages and improve safety standards boosts the market. However, challenges such as high initial investment costs, regulatory complexities, and concerns over cybersecurity and data privacy pose significant hurdles to the widespread implementation of autonomous trucks in the region and overall Europe Autonomous Trucks Market Growth.
The Europe Autonomous Trucks Market is experiencing significant growth, driven by advancements in technology and increasing demand for efficient logistics solutions. Key market trends include the integration of artificial intelligence (AI) and machine learning to enhance the operational efficiency and safety of autonomous trucks. The push towards reducing greenhouse gas emissions and the need for sustainable transport options are compelling companies to invest in electric and hybrid autonomous trucks.
In addition, the shortage of skilled truck drivers in Europe is promoting the adoption of autonomous trucking technologies as a solution to fill the gap in the logistics workforce. Governments across Europe are also playing a crucial role by implementing favorable regulations and providing funding to stimulate research and development in this emerging industry. Overall, these factors are propelling the growth of the autonomous trucks market in Europe, promising innovations that could reshape the future of freight and logistics.
Europe Autonomous Trucks Market is set for significant growth, offering numerous investment opportunities for stakeholders. The increasing demand for efficient and sustainable transportation solutions is driving advancements in autonomous trucking technology. Factors such as supportive government policies, advancements in AI and machine learning, and a robust logistics industry play a crucial role in shaping the market landscape.
Additionally, the need to optimize supply chains and reduce operational costs is prompting logistics firms to invest in autonomous trucks. However, navigating regulatory complexities and addressing public safety concerns remain challenges that need to be tackled. Overall, investors can look forward to promising returns as the market evolves, driven by innovation and a push towards sustainable practices in transportation.
Key companies include Daimler AG, known for its Mercedes-Benz truck division, which has been at the forefront of developing automated driving features. Volvo Group is another major player, consistently working on autonomous solutions to enhance logistic efficiencies. Scania, part of the Volkswagen Group, is also influential, pushing boundaries with its smart transport systems. Additionally, MAN Truck & Bus is investing heavily in autonomous technology to maintain competitive advantage. These companies are critical in shaping the future of transportation within Europe, leveraging automation to improve safety, efficiency, and sustainability.
From 2024 to 2030, the European Union is expected to implement stringent regulations that focus on standardizing autonomous vehicle technology across member states. Safety regulations will demand rigorous testing and certification processes to minimize the risk of accidents. Environmental regulations will push for reduced emissions, aligning with the EU’s Green Deal goals, requiring autonomous trucks to adopt sustainable technologies.
Additionally, data protection and privacy laws will govern the use of data collected by these vehicles, ensuring compliance with the General Data Protection Regulation (GDPR). Furthermore, governments will likely establish infrastructure standards to support the integration of autonomous trucks on public roads, including digital connectivity and smart traffic management systems. By setting these regulations, Europe aims to foster innovation while maintaining public safety and environmental sustainability in the emerging autonomous trucking industry.
With continued innovation in artificial intelligence and machine learning, autonomous trucks are expected to enhance their operational safety and efficiency significantly. Governments across Europe are anticipated to implement favorable policies and incentives to encourage the adoption of autonomous vehicles, aiming to reduce emissions and traffic congestion.
Furthermore, the logistics and transportation industry is likely to embrace these technologies to mitigate the challenges of driver shortages and rising operational costs. Collaborative efforts between OEMs, tech companies, and infrastructure developers are expected to accelerate the deployment of autonomous trucking systems, making them a pivotal component of Europe's smart mobility strategy by 2030.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
Germany is expected to dominate. This dominance is attributed to its robust aerospace industry, technological advancements, and strategic focus on sustainable aviation solutions. Germany's well-established manufacturing sector further supports its leadership in this market, as it continuously invests in research and development to enhance the efficiency and performance of aviation lubricants. With strong governmental support and increasing demand from both domestic and international markets, Germany holds a commanding position within this segment.
Under the segment defined by the level of autonomy, Level 1 is poised to dominate. This predominance can be attributed to the current reliance on established manual and minimally automated systems in aviation, where operators seek to maintain direct control while benefiting from incremental advancements in technology. Level 1 systems typically involve driver assistance or limited autonomous features that enhance safety and efficiency without fully automating the operations, aligning with regulatory standards and industry practices prevalent in Europe.
Ultrasonic sensor type is anticipated to dominate this segment. Ultrasonic sensors have gained prominence due to their reliable and efficient performance in measuring distance and detecting objects in various atmospheric conditions, which is crucial in the aviation industry. Their cost-effectiveness and versatility in application further enhance their appeal, enabling widespread adoption across different aviation operations. As advancements in sensor technology continue, Ultrasonic sensors are expected to maintain their leading position in this market segment.
The "Diesel" category is projected to dominate. This dominance is largely driven by the increasing demand for efficient and reliable propulsion systems that offer longevity and reduced maintenance in various aviation sectors. Diesel engines are also valued for their fuel efficiency and ability to deliver high power output, making them particularly attractive in a market that values sustainability and operational cost-effectiveness. The steady growth of this category is expected to shape the dynamics of the aviation lubricants market significantly during the forecast period.
Heavy Duty Truck category is anticipated to dominate. This dominance is driven by the rising demand for specialized transportation vehicles that can handle larger loads and provide durability over long distances within the aviation sector. As industries increasingly rely on the efficient transport of goods and services, the need for robust and reliable heavy-duty trucks is expected to surge, hence bolstering their prominence in the market.
According to Parth, Senior Research Analyst, 6Wresearch, the "By Country" segment is currently dominating the Europe Autonomous Trucks Market. This segment includes key European countries that are actively investing in autonomous truck technologies and infrastructure. Leading nations in this segment are allocating substantial resources towards development and regulatory frameworks that facilitate the deployment and operation of autonomous trucks. This focus on geographic distribution highlights the regional advancements and market readiness for adopting autonomous trucking solutions.
The market report has been segmented and sub segmented into the following categories:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Europe Autonomous Trucks Market Overview |
3.1 Europe Regional Macro Economic Indicators |
3.2 Europe Autonomous Trucks Market Revenues & Volume, 2020 & 2030F |
3.3 Europe Autonomous Trucks Market - Industry Life Cycle |
3.4 Europe Autonomous Trucks Market - Porter's Five Forces |
3.5 Europe Autonomous Trucks Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 Europe Autonomous Trucks Market Revenues & Volume Share, By Level of Autonomy, 2020 & 2030F |
3.7 Europe Autonomous Trucks Market Revenues & Volume Share, By Sensor Type, 2020 & 2030F |
3.8 Europe Autonomous Trucks Market Revenues & Volume Share, By Propulsion, 2020 & 2030F |
3.9 Europe Autonomous Trucks Market Revenues & Volume Share, By Truck Type, 2020 & 2030F |
4 Europe Autonomous Trucks Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Europe Autonomous Trucks Market Trends |
6 Europe Autonomous Trucks Market, 2020 - 2030 |
6.1 Europe Autonomous Trucks Market, Revenues & Volume, By Level of Autonomy, 2020 - 2030 |
6.2 Europe Autonomous Trucks Market, Revenues & Volume, By Sensor Type, 2020 - 2030 |
6.3 Europe Autonomous Trucks Market, Revenues & Volume, By Propulsion, 2020 - 2030 |
6.4 Europe Autonomous Trucks Market, Revenues & Volume, By Truck Type, 2020 - 2030 |
7 Germany Autonomous Trucks Market, 2020 - 2030 |
7.1 Germany Autonomous Trucks Market, Revenues & Volume, By Level of Autonomy, 2020 - 2030 |
7.2 Germany Autonomous Trucks Market, Revenues & Volume, By Sensor Type, 2020 - 2030 |
7.3 Germany Autonomous Trucks Market, Revenues & Volume, By Propulsion, 2020 - 2030 |
7.4 Germany Autonomous Trucks Market, Revenues & Volume, By Truck Type, 2020 - 2030 |
8 United Kingdom Autonomous Trucks Market, 2020 - 2030 |
8.1 United Kingdom Autonomous Trucks Market, Revenues & Volume, By Level of Autonomy, 2020 - 2030 |
8.2 United Kingdom Autonomous Trucks Market, Revenues & Volume, By Sensor Type, 2020 - 2030 |
8.3 United Kingdom Autonomous Trucks Market, Revenues & Volume, By Propulsion, 2020 - 2030 |
8.4 United Kingdom Autonomous Trucks Market, Revenues & Volume, By Truck Type, 2020 - 2030 |
9 France Autonomous Trucks Market, 2020 - 2030 |
9.1 France Autonomous Trucks Market, Revenues & Volume, By Level of Autonomy, 2020 - 2030 |
9.2 France Autonomous Trucks Market, Revenues & Volume, By Sensor Type, 2020 - 2030 |
9.3 France Autonomous Trucks Market, Revenues & Volume, By Propulsion, 2020 - 2030 |
9.4 France Autonomous Trucks Market, Revenues & Volume, By Truck Type, 2020 - 2030 |
10 Italy Autonomous Trucks Market, 2020 - 2030 |
10.1 Italy Autonomous Trucks Market, Revenues & Volume, By Level of Autonomy, 2020 - 2030 |
10.2 Italy Autonomous Trucks Market, Revenues & Volume, By Sensor Type, 2020 - 2030 |
10.3 Italy Autonomous Trucks Market, Revenues & Volume, By Propulsion, 2020 - 2030 |
10.4 Italy Autonomous Trucks Market, Revenues & Volume, By Truck Type, 2020 - 2030 |
11 Russia Autonomous Trucks Market, 2020 - 2030 |
11.1 Russia Autonomous Trucks Market, Revenues & Volume, By Level of Autonomy, 2020 - 2030 |
11.2 Russia Autonomous Trucks Market, Revenues & Volume, By Sensor Type, 2020 - 2030 |
11.3 Russia Autonomous Trucks Market, Revenues & Volume, By Propulsion, 2020 - 2030 |
11.4 Russia Autonomous Trucks Market, Revenues & Volume, By Truck Type, 2020 - 2030 |
12 Spain Autonomous Trucks Market, 2020 - 2030 |
12.1 Spain Autonomous Trucks Market, Revenues & Volume, By Level of Autonomy, 2020 - 2030 |
12.2 Spain Autonomous Trucks Market, Revenues & Volume, By Sensor Type, 2020 - 2030 |
12.3 Spain Autonomous Trucks Market, Revenues & Volume, By Propulsion, 2020 - 2030 |
12.4 Spain Autonomous Trucks Market, Revenues & Volume, By Truck Type, 2020 - 2030 |
13 Rest of Europe Autonomous Trucks Market, 2020 - 2030 |
13.1 Rest of Europe Autonomous Trucks Market, Revenues & Volume, By Level of Autonomy, 2020 - 2030 |
13.2 Rest of Europe Autonomous Trucks Market, Revenues & Volume, By Sensor Type, 2020 - 2030 |
13.3 Rest of Europe Autonomous Trucks Market, Revenues & Volume, By Propulsion, 2020 - 2030 |
13.4 Rest of Europe Autonomous Trucks Market, Revenues & Volume, By Truck Type, 2020 - 2030 |
14 Europe Autonomous Trucks Market Key Performance Indicators |
15 Europe Autonomous Trucks Market - Opportunity Assessment |
15.1 Europe Autonomous Trucks Market Opportunity Assessment, By Countries, 2020 & 2030F |
15.2 Europe Autonomous Trucks Market Opportunity Assessment, By Level of Autonomy, 2020 & 2030F |
15.3 Europe Autonomous Trucks Market Opportunity Assessment, By Sensor Type, 2020 & 2030F |
15.4 Europe Autonomous Trucks Market Opportunity Assessment, By Propulsion, 2020 & 2030F |
15.5 Europe Autonomous Trucks Market Opportunity Assessment, By Truck Type, 2020 & 2030F |
16 Europe Autonomous Trucks Market - Competitive Landscape |
16.1 Europe Autonomous Trucks Market Revenue Share, By Companies, 2023 |
16.2 Europe Autonomous Trucks Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |