Market Research Future (MRFR) has launched a new release on the global Trucks Market. The report presents a thorough overview of the global Trucks Market on the back of a detailed analysis of the market’s historical growth trajectory and leading segments. The market’s historical growth trajectory is assessed in detail in the report in order to understand the major factors underlying the market’s growth in the study period. Market Synopsis:
Autonomous trucks are gaining ground owing to their ability to navigate around without any type of human inputs. The type becomes a savior when the market faces serious crunch in efficient drivers. It works by putting its trust into satellites, guided systems and ground sensors. The global autonomous trucks system is gaining grounds and its CAGR is expected to reach 15.6% during the forecast period (2018-2023). Market Research Future (MRFR) in their analysis of the global market discusses the possibilities of achieving remarkable valuation by reaping benefits of the factors.
The possible factors are the growing demand for eliminating errors in service, providing uninterrupted service to customers, rising driver cost, better economic growth, and high inclusion of such trucks in the system to improve supply chain. However, fuel efficiency and strict government regulations regarding safety can trouble the normal growth rate.
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Segmental Analysis:
The global Trucks Market, on the basis of MRFR’s discussion, is segmented by components, sensor type, and technology. The segmentation aims at getting a bit deep into the market to get a clear picture of the market by studying it well by taking volume-wise and value-wise figures into consideration.
Based on the components, the global Trucks Market can be segmented into hardware and software. The software segment is getting much prominence due to the integration of sophisticated technology. Inclusion of the IoT is presenting much scope for the segment percolation.
Based on the sensor type, the global Trucks Market can be segmented into LiDAR, image, radar, ultrasonic and others. The LiDAR segment is getting much traction due to the inclusion of sensors to ensure a smooth autonomous service.
Based on the technology, the global Trucks Market integrates semi-automated trucks and fully automated trucks. The market is yet to go fully automated owing to safety measures needed for smooth operation.
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