With the rising incidence of road accidents, rapid technological advancements, and the growing popularity of autonomous technologies among the masses, autonomous vehicles are rapidly becoming the talk of the town these days. While the deployment of autonomous cars has increased significantly over the past several years, the adoption of autonomous technologies has gained traction in the commercial trucking industry only in recent years. However, with the emergence of connected vehicle technologies, things are about to change drastically in future.
This is because the connected vehicles already have vehicle-to-interface (V2I) and vehicle-to-vehicle (V2V) connectivity features, which are extremely essential for achieving autonomy in vehicles. As the autonomous commercial vehicles are equipped with advanced safety features and systems, the usage of these vehicles has been observed to considerably reduce the occurrence of road accidents. As a result, the governments of several countries are rapidly implementing policies and regulations for promoting their deployment.
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For example, the Directorate General of Traffic (DGT) in Spain prepared an infrastructure ecosystem and regulatory policy in 2018 for the usage of autonomous vehicles. Similarly, in the U.S., numerous policies are being enacted every year regarding autonomous vehicles, including commercial automobiles. In 2018, 18 autonomous vehicle related bills were enacted by as many as 15 states in the country. Moreover, 33 states passed legislations regarding autonomous vehicles in the country in 2017.
Geographically, the autonomous commercial vehicle market will exhibit the highest growth in North America in the upcoming years, as per the estimates of P&S Intelligence, a market research firm based in India. The key factors driving the expansion of the industry in this region are the soaring research and development (R&D) activities being conducted for the development of autonomous commercial vehicles and the increasing enactment of government policies aimed at powering advancements in autonomous driving technologies in the regional countries.
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Market Segmentation by Vehicle Autonomy
Market Segmentation by Vehicle Type
Light-duty truck (LDT)
Medium & heavy-duty truck (M&HDT)
Market Segmentation by Fuel Type
Market Segmentation by Application