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.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides
market research and benchmarking services for rapidly changing and often
highly regulated industries. In the energy sector, Navigant Research
focuses on in-depth analysis and reporting about global clean technology
markets. The team’s research methodology combines supply-side industry
analysis, end-user primary research and demand assessment, and deep
examination of technology trends to provide a comprehensive view of
clean, intelligent, mobile, and distributed energy. Additional
information about Navigant Research can be found at www.navigantresearch.com.
About Navigant
Navigant Consulting, Inc. is a specialized, global professional services
firm that helps clients take control of their future. Navigant’s
professionals apply deep industry knowledge, substantive technical
expertise, and an enterprising approach to help clients build, manage
and/or protect their business interests. With a focus on markets and
clients facing transformational change and significant regulatory or
legal pressures, the Firm primarily serves clients in the healthcare,
energy and financial services industries. Across a range of advisory,
consulting, outsourcing, and technology/analytics services, Navigant’s
practitioners bring sharp insight that pinpoints opportunities and
delivers powerful results. More information about Navigant can be found
at navigant.com.
* 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.
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