Autonomous Truck Market is Set to Experience a Growth Momentum at a CAGR of 10.6% During the Forecast Period; Increasing Focus on Scaling Autonomous Solutions Is Propelling Market Growth

The global autonomous truck market size stood at USD 39.46 billion in 2024. The market is predicted to rise from USD 42.91 billion in 2025 to USD 86.78 billion by 2032 at a CAGR of 10.6% from 2025 to 2032. Fortune Business Insights™ presents this information in its report titled, “Autonomous Truck Market Size, Share & Industry Analysis, By Level of Autonomy (Level 1, Level 2, Level 3, and Level 4), By Propulsion Type (IC Engine and Electric), By Truck Type (Light-Duty Trucks, Medium-Duty Trucks, and Heavy-Duty Trucks), By Industry (Manufacturing, Construction & Mining, FMCG, Military, and Others), and Regional Forecasts, 2025-2032”

Autonomous trucks or self-driving trucks are the commercial vehicles which utilize advanced technologies such as AI, sensors, and GPS. These trucks work on the combination of cameras, radar, LiDAR, and ultrasonic sensors to navigate and respond to their environment. The market growth is attributed to heavy investments in R&D activities to scale autonomous solutions, focusing on long-haul operations where autonomous vehicles can offer substantial benefits.

Volvo Group Venture Capital AB invested in the Waabi Innovation Inc. for Next Generation Of Autonomous Trucking Technology

In February 2025, Volvo Group Venture Capital AB invested in the Waabi Innovation Inc., a Canadian company for developing the next generation of autonomous trucking technology. Waabi is developing next-generation artificial intelligence technology to solve autonomy at scale. The company recently launched the Waabi Driver, its core autonomous trucking solution which is designed for large-scale commercialization and safe deployment. Such investments done by key players make way for new technology-integrated solutions in the market. 

Tapping Into The Potential of Autonomous Trucking Technology Is Driving The Market Development

One of the factors driving the market growth is potential of autonomous trucking technology to optimize driving behavior, reduce fuel consumption, and lower operational expenses. Equipped with advanced sensors, artificial intelligence, and machine learning algorithms autonomous trucks facilitate precise control over acceleration, braking, and speed. In addition, ongoing global megatrend of automotive electrification due to demand for emission-free commercial vehicles equipped with advanced safety and driver assistance for efficient trucking, logistics, and supply chain operations across major industries is anticipated to boost market growth.

However, autonomous truck market growth is hindered by the extensive regulatory challenges derived from safety concerns, threat of job displacement, and national security issues. In addition, other challenges faced by the market are inconsistent safety standards, delays deployment, and increases compliance costs. 

Prominent Market Players are Focusing in Integrating Advanced Technology to Enhance Their Product Portfolio

Daimler AG and AB Volvo are significant players in the autonomous truck market with Volvo’s experience in safety and technology and Daimler AG’s active testing autonomous trucks using Level 4 technology, focusing on long-haul trucking. Volvo comes out as the leading player in the market credited to its strategic partnerships and innovative offerings. Company’s focus on both freight and mining operations and trials in real-world environments, further sets its position as the leading player in the market.

List of the Companies Profiled in the Report

• Daimler AG (Germany)
• AB Volvo (Sweden)
• Waymo LLC (U.S.)
• Continental AG (Germany)
• Tesla (U.S.)
• PlusAI Inc. (U.S.)
• Caterpillar (U.S.)
• Pony.ai (U.S.)
• TATA Motors (India)
• Waabi AI (Canada)

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/autonomous-truck-market-103590

Notable Industry Development:

• March 2024: Waabi collaborated with NVIDIA for the deliverance of first generative AI-powered autonomous trucking solution. Waabi will integrate the next-generation NVIDIA DRIVE Thor into this solution and DRIVE Thor platform will help scale the production of the Waabi Driver beginning in 2025. DRIVE Thor offers the performance and reliability needed to help safely achieve billions of driverless miles and delivers an industry-leading 1000 teraflops of computing, along with an inference transformer engine purpose-built for AI.

Further Report Findings-

• In terms of region, North America took the leading position with highest autonomous truck market share fueled by the government support and demand for driverless freight solutions. In the U.S., the market has been witnessing an expansion on the account of developments in AI, sensor technology, and strong demand for efficient logistics solutions.
• Asia Pacific is estimated to grow with fastest growth rate owing as China, Japan, South Korea, and Singapore are injecting investments in research & development of autonomous vehicle technologies. Some of the China-based companies; TuSimple, Pony.ai, and FAW have been conducting trials for autonomous trucking solutions.
• Level 1 segment took the lead in 2024 with 91.4%, in terms of level of autonomy as demand for pickup trucks equipped with basic parking assistance and lane departure warning is growing in the U.S.
• In terms of industry, FMCG industry took the dominating share due to increased frequency of logistics delivery across various regions.

Table of Segmentation