The Europe Heavy-Duty Autonomous Vehicle Market (excluding U.K.) Expected to Reach $387.2 Billion by 2032
Introduction to Europe Heavy-Duty Autonomous Vehicle Market
KEY MARKET STATISTICS |
Forecast Period | 2023 - 2032 |
2023 Evaluation | $39.6 Billion |
2032 Forecast | $387.2 Billion |
CAGR | 28.82% |
The Europe heavy-duty autonomous vehicle market (excluding U.K.) was valued at $39.6 billion in 2023 and is anticipated to reach $387.2 billion by 2032, witnessing a CAGR of 28.82% during the forecast period 2023-2032. The heavy-duty autonomous vehicle market is expected to grow due to rising demand for autonomous driving technology and the continuous progress and uptake of heavy-duty autonomous vehicles in public transportation, encompassing both semi-autonomous and fully autonomous functionalities.
Market Introduction
The Europe heavy-duty autonomous vehicle market in Europe is poised for significant growth, driven by increasing demand for autonomous driving technology and the widespread adoption of heavy-duty autonomous vehicles in public transportation. With advancements in technology and regulatory frameworks supporting autonomous vehicle deployment, European countries are witnessing a surge in interest and investment in this sector. Companies are developing and deploying semi-autonomous and fully autonomous heavy-duty vehicles for various applications, including freight transportation, logistics, and public transit. Additionally, initiatives promoting sustainability and reducing carbon emissions further incentivize the adoption of autonomous vehicles. As Europe continues to embrace innovative transportation solutions, the heavy-duty autonomous vehicle market is expected to expand rapidly, transforming the future of mobility in the region.
Market Segmentation:
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
How can this report add value to an organization?
Product/Innovation Strategy: The leading autonomous vehicle OEMs are continuously working to manufacture and sell vehicles with higher autonomous driving capabilities, i.e., level 3 and above. The growing need for affordable and high-performing heavy-duty autonomous vehicles is one of the major factors for the growth of the heavy-duty autonomous vehicle market. The market is more on the consolidated side at present, where heavy-duty autonomous vehicle manufacturers have been successful to a certain extent in strengthening their market position in the market, with a few autonomous vehicle OEMs and autonomous vehicle technology providers working on such solutions in-house. However, with the rise of autonomous driving, the existing established players are expected to face stiff competition from emerging players. Moreover, partnerships and collaborations are expected to play a crucial role in strengthening market position over the coming years, with the companies focusing on bolstering their technological capabilities and gaining a dominant market share in the heavy-duty autonomous vehicle industry.
Growth/Marketing Strategy: The Europe heavy-duty autonomous vehicle market has been growing at a rapid pace. The market offers enormous opportunities for existing and emerging market players. Some of the strategies covered in this segment are mergers and acquisitions, product launches, partnerships and collaborations, business expansions, and investments. The strategies preferred by companies to maintain and strengthen their market position primarily include partnerships, agreements, and collaborations.
Competitive Strategy: The key players in the Europe heavy-duty autonomous vehicle market analyzed and profiled in the study include multiple vehicle type manufacturers, bus manufacturers, truck manufacturers, roboshuttle manufacturers, and autonomous vehicle technology providers that develop, maintain, and market heavy-duty autonomous vehicles. Moreover, a detailed competitive benchmarking of the players operating in the Europe heavy-duty autonomous vehicle market has been done to help the reader understand the ways in which players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations are expected to aid the reader in understanding the untapped revenue pockets in the market.
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Some of the prominent names established in this market are:
- AB Volvo
- Mercedes-Benz Group AG
- BMW Group
- ZF Friedrichshafen AG
Table of Contents
Executive Summary
Scope of the Study
1 Markets
- 1.1 Industry Outlook
- 1.1.1 Trends: Current and Future
- 1.1.1.1 Electrification and Automation of Commercial Vehicles
- 1.1.1.2 Growing Number of Startups in the Autonomous Vehicle Ecosystem
- 1.1.1.3 Rising Awareness about Autonomous Vehicles
- 1.1.2 Advance Driver Assistance System (ADAS)
- 1.1.2.1 Overview
- 1.1.2.2 ADAS Features
- 1.1.3 Ecosystem of Autonomous Driving
- 1.1.4 Supply Chain Analysis
- 1.1.5 Regulatory Landscape
- 1.1.5.1 Current Laws and Regulatory Bodies
- 1.1.5.2 Current Laws and Regulatory Bodies Related to Testing and Experimentation of Autonomous Vehicles (by Country)
- 1.1.6 Ecosystem/Ongoing Programs
- 1.1.6.1 Consortiums, Associations, and Regulatory Bodies
- 1.1.6.2 Programs by Research Institutions and Universities
- 1.1.7 Key Patent Mapping
- 1.1.8 Startup Landscape
- 1.2 Business Dynamics
- 1.2.1 Business Drivers
- 1.2.1.1 Development of Regulations for Autonomous Mobility
- 1.2.1.2 Rising Developments and Integration of Autonomous Buses in Public Transport
- 1.2.1.3 Developments of High-Tech Autonomous Solutions for Commercial Vehicles
- 1.2.2 Business Restraints
- 1.2.2.1 High Cost and Rising Price Volatility of Hardware Components
- 1.2.2.2 Semiconductor Shortage Effect
- 1.2.3 Business Strategies
- 1.2.3.1 Market Development
- 1.2.3.2 Product Development
- 1.2.4 Corporate Strategies
- 1.2.4.1 Mergers and Acquisitions
- 1.2.4.2 Partnerships, Collaborations, and Joint Ventures
- 1.2.5 Business Opportunities
- 1.2.5.1 Advantages Offered by Commercial Autonomous Vehicles to Logistics Industry
- 1.2.5.2 Emerging Adoption of Roboshuttle
- 1.3 Impact of COVID-19 on the Industry
2 Regions
- 2.1 Europe
- 2.1.1 Market
- 2.1.1.1 Buyer Attributes
- 2.1.1.2 Key Manufacturers in Europe
- 2.1.1.3 Competitive Benchmarking
- 2.1.1.3.1 Conventional Heavy-Duty Vehicles
- 2.1.1.3.2 Autonomous Heavy-Duty Vehicles
- 2.1.1.4 Business Challenges
- 2.1.1.5 Business Drivers
- 2.1.2 Applications
- 2.1.2.1 Europe Heavy-Duty Autonomous Vehicle Market (by Application), Value and Volume Data, 2022-2032
- 2.1.2.2 Europe Heavy-Duty Autonomous Vehicle Market (by Propulsion Type), Value and Volume Data
- 2.1.2.3 Europe Conventional Heavy-Duty Vehicle Market (by Application), Value and Volume Data, 2022-2032
- 2.1.3 Products
- 2.1.3.1 Europe Heavy-Duty Autonomous Vehicle Market (by Vehicle Type), Value and Volume Data, 2022-2032
- 2.1.3.2 Europe Heavy-Duty Autonomous Vehicle Market (by Level of Autonomy), Value and Volume Data, 2022-2032
- 2.1.3.3 Europe Heavy-Duty Autonomous Vehicle Market (by Sensor Type), Value and Volume Data, 2022-2032
- 2.1.3.4 Europe Conventional Heavy-Duty Vehicle Market (by Vehicle Type), Value and Volume Data, 2022-2032
- 2.1.4 Europe: Country-Level Analysis
- 2.1.4.1 Germany
- 2.1.4.1.1 Market
- 2.1.4.1.1.1 Buyer Attributes
- 2.1.4.1.1.2 Key Manufacturers in Germany
- 2.1.4.1.1.3 Business Challenges
- 2.1.4.1.1.4 Business Drivers
- 2.1.4.1.2 Applications
- 2.1.4.1.2.1 Germany Heavy-Duty Autonomous Vehicle Market (by Application), Value and Volume Data
- 2.1.4.1.2.2 Germany Heavy-Duty Autonomous Vehicle Market (by Propulsion Type), Value and Volume Data
- 2.1.4.1.2.3 Germany Conventional Heavy-Duty Vehicle Market (by Application), Value and Volume Data
- 2.1.4.1.3 Products
- 2.1.4.1.3.1 Germany Heavy-Duty Autonomous Vehicle Market (by Vehicle Type), Value and Volume Data
- 2.1.4.1.3.2 Germany Heavy-Duty Autonomous Vehicle Market (by Level of Autonomy), Value and Volume Data, 2022-2032
- 2.1.4.1.3.3 Germany Heavy-Duty Autonomous Vehicle Market (by Sensor Type), Value and Volume Data, 2022-2032
- 2.1.4.1.3.4 Germany Conventional Heavy-Duty Vehicle Market (by Vehicle Type), Value and Volume Data
- 2.1.4.2 France
- 2.1.4.2.1 Market
- 2.1.4.2.1.1 Buyer Attributes
- 2.1.4.2.1.2 Key Manufacturers in France
- 2.1.4.2.1.3 Business Challenges
- 2.1.4.2.1.4 Business Drivers
- 2.1.4.2.2 Applications
- 2.1.4.2.2.1 France Heavy-Duty Autonomous Vehicle Market (by Application), Value and Volume Data
- 2.1.4.2.2.2 France Heavy-Duty Autonomous Vehicle Market (by Propulsion Type), Value and Volume Data
- 2.1.4.2.2.3 France Conventional Heavy-Duty Vehicle Market (by Application), Value and Volume Data
- 2.1.4.2.3 Products
- 2.1.4.2.3.1 France Heavy-Duty Autonomous Vehicle Market (by Vehicle Type), Value and Volume Data
- 2.1.4.2.3.2 France Heavy-Duty Autonomous Vehicle Market (by Level of Autonomy), Value and Volume Data, 2022-2032
- 2.1.4.2.3.3 France Heavy-Duty Autonomous Vehicle Market (by Sensor Type), Value and Volume Data, 2022-2032
- 2.1.4.2.3.4 France Conventional Heavy-Duty Vehicle Market (by Vehicle Type), Value and Volume Data
- 2.1.4.3 Italy
- 2.1.4.3.1 Market
- 2.1.4.3.1.1 Buyer Attributes
- 2.1.4.3.1.2 Key Manufacturers in Italy
- 2.1.4.3.1.3 Business Challenges
- 2.1.4.3.1.4 Business Drivers
- 2.1.4.3.2 Applications
- 2.1.4.3.2.1 Italy Heavy-Duty Autonomous Vehicle Market (by Application), Value and Volume Data
- 2.1.4.3.2.2 Italy Heavy-Duty Autonomous Vehicle Market (by Propulsion Type), Value and Volume Data
- 2.1.4.3.2.3 Italy Conventional Heavy-Duty Vehicle Market (by Application), Value and Volume Data
- 2.1.4.3.3 Products
- 2.1.4.3.3.1 Italy Heavy-Duty Autonomous Vehicle Market (by Vehicle Type), Value and Volume Data
- 2.1.4.3.3.2 Italy Heavy-Duty Autonomous Vehicle Market (by Level of Autonomy), Value and Volume Data, 2022-2032
- 2.1.4.3.3.3 Italy Heavy-Duty Autonomous Vehicle Market (by Sensor Type), Value and Volume Data, 2022-2032
- 2.1.4.3.3.4 Italy Conventional Heavy-Duty Vehicle Market (by Vehicle Type), Value and Volume Data
- 2.1.4.4 Rest-of-Europe
- 2.1.4.4.1 Market
- 2.1.4.4.1.1 Buyer Attributes
- 2.1.4.4.1.2 Key Manufacturers in Rest-of-Europe
- 2.1.4.4.1.3 Business Challenges
- 2.1.4.4.1.4 Business Drivers
- 2.1.4.4.2 Applications
- 2.1.4.4.2.1 Rest-of-Europe Heavy-Duty Autonomous Vehicle Market (by Application), Value and Volume Data
- 2.1.4.4.2.2 Rest-of-Europe Heavy-Duty Autonomous Vehicle Market (by Propulsion Type), Value and Volume Data
- 2.1.4.4.2.3 Rest-of-Europe Conventional Heavy-Duty Vehicle Market (by Application), Value and Volume Data
- 2.1.4.4.3 Products
- 2.1.4.4.3.1 Rest-of-Europe Heavy-Duty Autonomous Vehicle Market (by Vehicle Type), Value and Volume Data
- 2.1.4.4.3.2 Rest-of-Europe Heavy-Duty Autonomous Vehicle Market (by Level of Autonomy), Value and Volume Data, 2022-2032
- 2.1.4.4.3.3 Rest-of-Europe Heavy-Duty Autonomous Vehicle Market (by Sensor Type), Value and Volume Data, 2022-2032
- 2.1.4.4.3.4 Rest-of-Europe Conventional Heavy-Duty Vehicle Market (by Vehicle Type), Value and Volume Data
- 2.2 U.K.
- 2.2.1 Market
- 2.2.1.1 Buyer Attributes
- 2.2.1.2 Key Manufacturers in the U.K.
- 2.2.1.3 Competitive Benchmarking
- 2.2.1.3.1 Conventional Heavy-Duty Vehicles
- 2.2.1.3.2 Autonomous Heavy-Duty Vehicles
- 2.2.1.4 Business Challenges
- 2.2.1.5 Business Drivers
- 2.2.2 Applications
- 2.2.2.1 U.K. Heavy-Duty Autonomous Vehicle Market (by Application), Value and Volume Data, 2022-2032
- 2.2.2.2 U.K. Heavy-Duty Autonomous Vehicle Market (by Propulsion Type), Value and Volume Data
- 2.2.2.3 U.K. Conventional Heavy-Duty Vehicle Market (by Application), Value and Volume Data, 2022-2032
- 2.2.3 Products
- 2.2.3.1 U.K. Heavy-Duty Autonomous Vehicle Market (by Vehicle Type), Value and Volume Data, 2022-2032
- 2.2.3.2 U.K. Heavy-Duty Autonomous Vehicle Market (by Level of Autonomy), Value and Volume Data, 2022-2032
- 2.2.3.3 U.K. Heavy-Duty Autonomous Vehicle Market (by Sensor Type), Value and Volume Data, 2022-2032
- 2.2.3.4 U.K. Conventional Heavy-Duty Vehicle Market (by Vehicle Type), Value and Volume Data, 2022-2032
3 Markets - Competitive Benchmarking & Company Profiles
- 3.1 Competitive Benchmarking
- 3.1.1 Competitive Position Matrix
- 3.1.1.1 Conventional Heavy-Duty Vehicles
- 3.1.1.2 Autonomous Heavy-Duty Vehicles
- 3.2 Market Share Snapshot
- 3.3 Company Profiles
- 3.3.1 Type 1 Companies: Multiple Vehicle Type Manufacturers
- 3.3.1.1 AB Volvo
- 3.3.1.1.1 Company Overview
- 3.3.1.1.1.1 Role of AB Volvo in the Heavy-Duty Autonomous Vehicle Market
- 3.3.1.1.1.2 Product Portfolio
- 3.3.1.1.2 Corporate Strategies
- 3.3.1.1.2.1 Partnerships, Joint Ventures, Collaborations, and Alliances
- 3.3.1.1.3 Production Sites and R&D Analysis
- 3.3.1.1.4 Analyst View
- 3.3.1.2 Mercedes-Benz Group AG
- 3.3.1.2.1 Company Overview
- 3.3.1.2.1.1 Role of Mercedes-Benz Group AG in the Heavy-Duty Autonomous Vehicle Market
- 3.3.1.2.1.2 Product Portfolio
- 3.3.1.2.2 Corporate Strategies
- 3.3.1.2.2.1 Partnerships, Joint Ventures, Collaborations, and Alliances
- 3.3.1.2.3 Production Sites and R&D Analysis
- 3.3.1.2.4 Analyst View
- 3.3.1.3 BMW Group
- 3.3.1.3.1 Company Overview
- 3.3.1.3.1.1 Role of BMW Group in the Heavy-Duty Autonomous Vehicle Market
- 3.3.1.3.1.2 Product Portfolio
- 3.3.1.3.2 Business Strategy
- 3.3.1.3.2.1 Market Development
- 3.3.1.3.3 Production Sites and R&D Analysis
- 3.3.1.3.4 Analyst View
- 3.3.1.4 Volkswagen AG
- 3.3.1.4.1 Company Overview
- 3.3.1.4.1.1 Role of Volkswagen AG in the Heavy-Duty Autonomous Vehicle Market
- 3.3.1.4.1.2 Product Portfolio
- 3.3.1.4.1.3 R&D Analysis
- 3.3.1.4.2 Business Strategies
- 3.3.1.4.2.1 Market Development
- 3.3.1.4.3 Analyst View
- 3.3.2 Type 2 Companies: Truck Manufacturers
- 3.3.2.1 Renault Trucks
- 3.3.2.1.1 Company Overview
- 3.3.2.1.1.1 Role of Renault Trucks in the Heavy-Duty Autonomous Vehicle Market
- 3.3.2.1.1.2 Product Portfolio
- 3.3.2.1.2 Corporate Strategies
- 3.3.2.1.2.1 Partnerships, Joint Ventures, Collaborations, and Alliances
- 3.3.2.1.3 R&D Analysis
- 3.3.2.1.4 Analyst View
- 3.3.2.2 Traton Group
- 3.3.2.2.1 Company Overview
- 3.3.2.2.1.1 Role of Traton Group in the Heavy-Duty Autonomous Vehicle Market
- 3.3.2.2.1.2 Product Portfolio
- 3.3.2.2.2 Business Strategies
- 3.3.2.2.2.1 Product Development
- 3.3.2.2.3 Corporate Strategies
- 3.3.2.2.3.1 Partnerships, Joint Ventures, Collaborations, and Alliances
- 3.3.2.2.4 R&D Analysis
- 3.3.2.2.5 Analyst View
- 3.3.2.3 Karsan
- 3.3.2.3.1 Company Overview
- 3.3.2.3.1.1 Role of Karsan in the Heavy-Duty Autonomous Vehicle Market
- 3.3.2.3.1.2 Product Portfolio
- 3.3.2.3.2 Business Strategies
- 3.3.2.3.2.1 Product Development
- 3.3.2.3.2.2 Market Development
- 3.3.2.3.3 R&D Analysis
- 3.3.2.3.4 Analyst View
- 3.3.3 Type 4 Companies: Roboshuttle Manufacturers
- 3.3.3.1 2getthere B.V.
- 3.3.3.1.1 Company Overview
- 3.3.3.1.1.1 Role of 2getthere B.V. in the Heavy-Duty Autonomous Vehicle Market
- 3.3.3.1.1.2 Product Portfolio
- 3.3.3.1.2 Corporate Strategies
- 3.3.3.1.2.1 Mergers and Acquisitions
- 3.3.3.1.3 Analyst View
- 3.3.3.2 ZF Friedrichshafen AG
- 3.3.3.2.1 Company Overview
- 3.3.3.2.1.1 Role of ZF Friedrichshafen AG in the Heavy-Duty Autonomous Vehicle Market
- 3.3.3.2.1.2 Product Portfolio
- 3.3.3.2.2 Business Strategies
- 3.3.3.2.2.1 Market Development
- 3.3.3.2.3 Corporate Strategies
- 3.3.3.2.3.1 Mergers and Acquisitions
- 3.3.3.2.4 R&D Analysis
- 3.3.3.2.5 Analyst View
- 3.3.3.3 Schaeffler AG
- 3.3.3.3.1 Company Overview
- 3.3.3.3.1.1 Role of Schaeffler AG in the Heavy-Duty Autonomous Vehicle Market
- 3.3.3.3.1.2 Product Portfolio
- 3.3.3.3.2 Corporate Strategies
- 3.3.3.3.2.1 Partnerships, Joint Ventures, Collaborations, and Alliances
- 3.3.3.3.3 R&D Analysis
- 3.3.3.3.4 Analyst View
- 3.3.3.4 P3 Mobility
- 3.3.3.4.1 Company Overview
- 3.3.3.4.1.1 Role of P3 Mobility in the Heavy-Duty Autonomous Vehicle Market
- 3.3.3.4.1.2 Product Portfolio
- 3.3.3.4.2 Analyst View
- 3.3.3.5 HOLON GmbH
- 3.3.3.5.1 Company Overview
- 3.3.3.5.1.1 Role of HOLON in the Heavy-Duty Autonomous Vehicle Market
- 3.3.3.5.1.2 Product Portfolio
- 3.3.3.5.2 Analyst View
4 Research Methodology
- 4.1 Data Sources
- 4.1.1 Primary Data Sources
- 4.1.2 Secondary Data Sources
- 4.1.3 Data Triangulation
- 4.2 Market Estimation and Forecast
- 4.2.1 Research Methodology - Top-Down Approach
- 4.2.2 Factors for Data Prediction and Modeling