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Current Trend of Automation Reflects Positively on Global Automated Truck Market

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Published on : Sep 06, 2019

Recently, a new research report, titled “Automated Truck Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2027,” has been added to the vast repository of ResearchMoz.us. This research study provides a deep insight into the current trends and the upcoming prospects of the global automated truck market.

The global automated truck market is witnessing significant growth, thanks to a number of macroeconomic factors, among which the most important one is the current trend of automation. Nowadays, many industries seek efficiency with minimal human intervention, with the logistics industry leading the pack. Automated trucks have become an integral part of the expansion of the competency of these industries, which is reflecting on the demand for them. The high efficiency levels of these trucks, as they can work for longer durations without break, is boosting their demand in a number of industries. Apart from this, the cost efficiency these trucks offer with no requirement for drivers or fuel, is also aiding the growth of the global automated truck market to a great extent, reports the market study.

The worldwide automated truck market is witnessing a change in its market dynamics. Players in this market are involving more in research and developments to roll out new and advanced products. The leading market participants are:

• AB Volvo

• Intel Corp.

• Qualcomm Technologies Inc.

• Waymo LLC

• Robert Bosch GmbH

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In terms of the geography, Asia Pacific has been leading the global automated truck market. With the presence of significantly large mines, Australia has been reporting the most prominent demand for automated truck across the world. Over the coming years, the increasing uptake of these trucks in the logistic industry of Asian countries, such as Japan, China, and Singapore, will continue to support the Asia Pacific automated truck market, notes the research study.