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PORTLAND, ORAGON, UNITED STATES, August 24, 2022 /EINPresswire.com/ — The global self-driving market size is expected to be valued at $1,004 million in 2020 and is projected to reach the market size of $1,669 million by 2025, registering a CAGR of 10.4% from 2020 to 2025. In 2017, North America is expected to account for the highest share in the global self-driving truck market.
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BMW AG, Isuzu Motors Limited, General Motors, Otto motors, AB Volvo, Daimler AG, Tesla, Waymo, Toyota, and Volkswagen are some of the key players operating in the global self-driving truck market.
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Level three vehicle has certain modes, which take over the driving responsibilities under required conditions. This level controls the acceleration, brakes, and steering for the automated vehicle through system software. Furthermore, the vehicle actively monitors the environment using sensors such as LiDAR.
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The self-driving trucks are fully electric, and hence use significantly less gas and energy compared to conventional trucks. This in turn helps reduce the pollution, which majorly drives the growth of the self-driving truck market size. Moreover, increase in awareness toward the consequences of air pollution and rise in levels of exposure to traffic & noise drive the adoption of self-driven trucks. However, the threat of hackers and rise in cybercrime restrict the growth of the self-driving truck market trends. According to market analysis, North America is expected to account for majority self-driving truck market share in 2020.
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The report segments the self-driving truck market analysis based on level of autonomy, industry vertical, and region. Based on level of autonomy, the market is divided into level one, two, three, and four. Based on industry vertical, the market is classified into logistics, construction & manufacturing, mining, and port. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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