|Opportunities and Use Cases for Autonomous Trucking, Forecast to 2040|
|Level 1 and Level 2 Vehicles will Account for Around 88% Share of the Overall M&HCV Market, and Level 4 Around 12%, by 2040. Autonomous Trucks will Enable Annual Savings of $4.75 Billion in General Freight Alone by 2030 in the United States|
Global trucking demand is on the rise with the consistent increase in capacity, need for faster transfer influenced by economic developments, new business ventures, and changing buying patterns. However, the trucking industry in general is plagued by concerns like driver shortage, vehicle price increases, fuel price volatility, road safety, and performance limitations amidst rapidly transformative freight handling, stocking, and distribution practices as well as infrastructure changes. Trucking, however, has remained conventional in general. Digitalization and the advent of technology have helped identify gaps and harness efficiency to the best.
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