PORTLAND, ORAGON, UNITED STATES, August 16, 2022 /EINPresswire.com/ -- According to a recent report published by Allied Market Research, titled,"Self-Driving Truck Market by Level of Autonomy and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2020 - 2025,"the global self-driving truck market was valued at $1,004 million in 2020, and is projected to reach at $1,669 million by 2025, growing at a CAGR of 10.4% from 2020 to 2025.

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 At present, North America dominates the self-driving truck industry. In 2020, China is expected to register the highest self-driving truck market growth in Asia-Pacific. Similarly, the UK is expected to lead the overall self-driving truck market share in Europe in 2020. In the same year, according to self-driving truck market analysis, the U.S. is estimated to dominate the North American market.

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 Key Market Players
AB Volvo
BMW
Daimler AG
Isuzu Motors Limited
General Motors
Clearpath Robotics Inc. (OTTO Motors)
Tesla, Inc.
Toyota Motor Corporation
Volkswagen AG
Alphabet Inc. (Waymo)

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 Many self-driving truck companies are developing new innovative and advanced technologies, which in turn is anticipated to propel the market. For instance, TuSimple, a self-driving truck technology developer has introduced a new vision system and proprietary automotive-grade camera which will be deployed in the vehicle in third quarter of 2019. This custom designed camera allows low light and reliable night operations doubling the current truck utilization.

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 Key Findings of the Self-Driving Truck Market:
Level one is expected to generate the highest revenue in 2020.
In 2020, the construction & manufacturing segment is projected to account the highest revenue in the self-driving truck market.
Asia-Pacific is anticipated to exhibit the highest CAGR during the forecast period.

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 Similar Research Report:
Electric Vehicle Communication Controller Market https://www.alliedmarketresearch.com/electric-vehicle-communication-controller-market-A09119

About Allied Market Research

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of ""Market Research Reports"" and ""Business Intelligence Solutions."" AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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David Correa
Allied Analytics LLP
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