Annual Sales of Highly Automated Commercial Vehicles Are Not Expected to Exceed 1% until 2028
Higher levels of automation are expected to bring increased safety, fuel efficiency gains, and reduced labor costs
A new report from Navigant Research analyzes the state of the automated medium and heavy duty commercial vehicle market, providing global market forecasts, segmented by vehicle class and region, through 2030.
Advanced driver assistance systems (ADAS) and automated driving systems (ADS) for commercial vehicles have been gaining market attention for several years. While growth of ADS is expected to be rapid once the technology is fully developed, volumes will remain low over the next decade. Click to tweet: According to a new report from @NavigantRSRCH, annual sales of highly automated commercial vehicles are not expected to exceed 1% until 2028.
“Automated technologies can provide many benefits for the commercial vehicle sector, but challenges such as advancing technological abilities, overreliance on partially automated systems, regulatory environments, and public perception will all need to be managed moving forward,” says William Drier, research analyst at Navigant Research.
According to the report, once challenges are overcome, the most substantial benefit from ADAS is the potential safety increases it can provide through features such as automatic emergency braking, lane departure warning, and lane keeping assist. There is also the potential for fuel efficiency gains through platooning in the heavy duty long-haul truck sector. Additionally, higher levels of automation could eventually reduce labor costs by replacing some of the labor, while providing downward price pressure on the demand for labor in the rest of the market.
The report, Automated Commercial Vehicles, analyzes the state of the automated medium and heavy duty commercial vehicle market. The study provides an overview of the new and established key players operating in the market. Global market forecasts, segmented by vehicle class and region, extend through 2030. The report also explores the potential opportunities for growth and development, as well as the challenges to market expansion of ADAS and ADS. An Executive Summary of the report is available for free download on the Navigant Research website.
* The information contained in this press release concerning the report, Automated Commercial Vehicles, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.