While self-driving autos have quickly caught public attention, the less visible commercialization of autonomous trucks and buses is expected to have a major impact on the supply chain and the public transport industries in the near future. According to a Tractica report, the $84 million in worldwide revenue from self-driving trucks and buses sold in 2017 is projected to reach $35 billion by the end of 2022. That significant increase occurs over just a five year period when unit sales will rise from just 343 vehicles in 2017 to 188,000 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,” says Tractica research analyst Manoj Sahi. “Considering the next 2 to 3 years as a make or break time, several prominent companies are prioritizing investment for large-scale development.”
In Tractica’s report, “Autonomous Trucks and Buses”, a total of 32 industry players are profiled and market forecasts are segmented by world region and vehicle type. Focus is placed on the crucial market drivers and challenges, as well as assessing the most important technology issues that could influence market development. This is detailed in an Executive Summary for free download on the firm’s website.
It is foreseen that automated shared mobility and rapid transit networks will change the landscape of last-mile passenger transportation. Self-driving shuttles and coaches will take cars off the road, contributing to cleaner air, reduced noise pollution, and a greater number of safer areas to walk and ride, according to the report.
