Annual sales of highly automated commercial vehicles will not exceed 1% until 2028, according to a new forecast by Navigant Research.
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.
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.