Europe Heavy-Duty Autonomous Vehicle Market is Expected to Reach $387.2 Billion by 2032: BIS Research

Europe's heavy-duty autonomous vehicle market is set to experience substantial growth, fueled by rising demand for autonomous driving technology and the widespread integration of heavy-duty autonomous vehicles into public transportation systems. With advancements in technology and supportive regulatory frameworks,  

European nations are witnessing a surge in interest and investment in this field. Companies are developing and deploying semi-autonomous and fully autonomous heavy-duty vehicles for various applications, including freight transportation, logistics, and public transit services. Furthermore, initiatives promoting sustainability and reducing carbon emissions provide additional impetus for adopting autonomous vehicles.  

As Europe continues to embrace innovative transportation solutions, the heavy-duty autonomous vehicle market is poised for rapid expansion, shaping the future of mobility across the region. 

Recently, BIS Research released the Europe Heavy-Duty Autonomous Vehicle Market report, which covers data from the base year 2022, with a market size of $39.6 billion in 2023. The forecast period spans from 2023 to 2032, during which the market is projected to grow at a CAGR of 28.82%. By 2032, the market is estimated to reach $387.2 billion. 

Access Insights: Europe Heavy-Duty Autonomous Vehicle Market 

USP and Key Highlights of the Report  

• A dedicated section focusing on the trends adopted by the key players operating in the European heavy-duty autonomous vehicle market 
• Company profile of the companies operating in the ecosystem offering a holistic view of the Europe heavy-duty autonomous vehicle market landscape.  
• Qualitative and quantitative analysis of the Europe heavy-duty autonomous vehicle market 
• Supply chain and value chain analysis  

Strategic Growth Initiatives: Offering insights into successful growth strategies such as mergers, acquisitions, and partnerships, the report can guide your organization in crafting compelling marketing and expansion strategies to solidify its market position.  

Competitive Landscape Analysis: By profiling key players and examining their strategies, the report gives a clear view of the competitive environment, enabling your organization to benchmark its practices and uncover strategic alliances or innovation opportunities.  

Identification of Untapped Markets: By exploring partnerships, agreements, and collaborations among key market players, the report illuminates untapped revenue pockets and emerging market opportunities, guiding your organization toward profitable ventures.    

Europe Heavy-Duty Autonomous Vehicle Market Analysis: Drivers, Challenges, and Opportunities 

Drivers 

• Development of regulations for autonomous mobility 
• Rising developments and integration of autonomous buses in public transport 
• Developments of high-tech autonomous solutions for commercial vehicles 

Challenges 

• High cost and price volatility of hardware components 
• Semiconductor shortage effects 

Opportunities 

• Advantages offered by commercial autonomous vehicles to the logistics industry 
• Emerging adoption of roboshuttle 

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Europe Heavy-Duty Autonomous Vehicle Market Segments 

Segmentation 1: by Application 

•    Logistics 

•    Public Transportation 

•    Construction and Mining 

•    Others 

Segmentation 2: by Propulsion Type 

•    Internal Combustion Engine Vehicles 

•    Electric Vehicles 

Segmentation 3: by Vehicle Type 

•    Heavy Trucks 

•    Heavy Buses 

•    Roboshuttles 

Segmentation 4: by Level of Autonomy 

•    Semi-Autonomous Vehicles 

•    Autonomous Vehicles 

Segmentation 5: by Sensor Type 

•    LiDAR 

•    RADAR 

•    Camera 

•    Others 

Segmentation 6: by Country 

•    Germany 

•    France 

•    Italy 

•    Rest-of-Europe 

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Key Players in the Europe Heavy-Duty Autonomous Vehicle Market 

• AB Volvo 

• Mercedes-Benz Group AG 

• BMW Group 

• ZF Friedrichshafen AG 

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BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends, which can disrupt the market dynamics in the near future. We publish over 200 market intelligence studies annually, focusing on several deep technology verticals.   

Our strategic market analysis emphasizes market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.    

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