Autonomous Trucks And Buses To Reach 188,000 Vehicle Sales Annually By 2022, According To Tractica

Autonomous Trucks And Buses To Reach 188,000 Vehicle Sales Annually By 2022, According To Tractica

The report also says worldwide revenue from sales of autonomous trucks and buses reached $84 million in 2017 and the market will continue to develop at a strong pace over the next few years.

There has been an explosion of interest in self-driving vehicles in recent years, and there is no doubt that the commercial availability and adoption of autonomous vehicles will disrupt many industries. One of the industries that has already started feeling the disruption is the trucking sector. The public transport industry also is not far behind as automated shared mobility and rapid transit networks begin to change the landscape of last-mile passenger transportation. By taking more cars off the road, self-driving shuttles and coaches promise cleaner air, reduced noise pollution and safer areas to walk and ride.

According to a new report from market intelligence firm Tractica, worldwide revenue from sales of autonomous trucks and buses reached $84 million in 2017 and the market will continue to develop at a strong pace over the next few years with more competition within the industry, providing significant opportunities to various industry participants, and reaching global revenue of $35 billion by the end of 2022. During that period, Tractica forecasts that annual unit sales will increase from approximately 343 vehicles in 2017 to 188,000 units in 2022.

“The potential for autonomous trucks and buses is huge and market growth is accelerating, with news of successful pilot projects coming at an increasing pace,” said research analyst Manoj Sahi. “Considering the next two to three years as a make or break time, several prominent companies are prioritizing investment for large-scale development.”

Tractica’s report, “Autonomous Trucks and Buses”, examines the market and technology issues surrounding autonomous trucks and buses and provides six-year market sizing and forecasts for their shipments and revenue during the period from 2017 through 2022. The report focuses on crucial market drivers and challenges and assesses the most important technology issues that could influence market development. In total, 32 industry players are profiled. Market forecasts are segmented by world region and vehicle type.

An Executive Summary of the report is available for free download on the firm’s website.

You May Also Like

Mobility as a Service and the Impact on the Aftermarket

MaaS stands to disrupt and transform how we think of transportation in the coming years.

mobility-as-a-service-aftermarket

Most of us have experienced Mobility as a Service (Maas) when we reached for our phone to order a ride-hailing vehicle on our last business trip. But MaaS encompasses many more modes of transportation and stands to disrupt and transform how we think of transportation in the coming years.

Continental Presents Face Recognition Tech for Vehicles

The technology unlocks the vehicle safely and conveniently using biometric facial recognition, while a display seamlessly integrated into the B-pillar provides additional information.

Continental Presents ‘Face Authentication Display’ Vehicle Control System
Connected Vehicles Need the Right to Repair

A fleet of connected vehicles delivers many benefits to society and the motoring public, but critical technical decisions need to be made.

connected-vehicles
Opus IVS Adds Tech Advancements, Extended ADAS Support

The new Giotto software update offers comprehensive support for MY24 vehicles.

AAM’s Next-Gen Electric Drive Systems on Display at CES

Among the products showcased at CES will be AAM’s electric drive units, e-Beam technology and component technology.

AAM's Next Gen Electric Drive Systems on Display at CES 2024
Other Posts
SINGAUTO Makes Global Debut in Abu Dhabi

SINGAUTO presented its latest model which integrates autonomous driving capabilities and advanced cold chain logistics technology.

SINGAUTO
Thoughts on Autonomous Commercial Vehicles

Everyone has an opinion on the viability of autonomous vehicles and their ultimate impact on the transportation aftermarket.

Schwartz Report
Scania Accelerates Deployment of Autonomous Hub-to-Hub Transport

As part of TRATON Group, Scania will begin integrating Level 4 fully autonomous technology in vehicles.

Scania Accelerates Deployment of Autonomous Hub-to-Hub Transport
Shop-Ware Partners with Amazing 7 on Phone Integration

The integration allows repair shop staff members to gain valuable context to incoming phone calls and respond to customers accordingly.

Shop-Ware-Amazing-7-phone-integration