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Autonomous Trucks Market Projected to Reach $6.9 Billion by 2028, Reveals Latest BCC Research Study

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BOSTON, Feb. 19, 2024 /PRNewswire/ — Autonomous trucks are vehicles that can drive themselves without human intervention, using sensors, cameras, and artificial intelligence. They offer many benefits such as improved safety, efficiency, and cost savings for the global transportation industry.

Boston: “According to the latest BCC Research study, the demand for Autonomous Trucks: Global Markets is estimated to increase from $3.3 billion in 2023 to reach $6.9 billion by 2028, at a compound annual growth rate (CAGR) of 16.2% from 2023 through 2028.”

This comprehensive report offers a detailed overview of the global autonomous trucks market, leveraging 2022 as a baseline year and projecting estimated market data for the period spanning 2023 to 2028. Revenue forecasts during this timeframe are intricately segmented across various parameters including components, autonomy levels, propulsion types, truck categories, end-use applications, and regional considerations. By delving into major market trends and challenges, the report sheds light on the dynamic landscape that shapes the industry. Furthermore, it elucidates current market dynamics while providing in-depth profiles of key players and a nuanced understanding of their strategies aimed at bolstering their market presence. The report not only estimates the market size for autonomous trucks in 2023 but also offers comprehensive projections, painting a vivid picture of the expected market trajectory up to the year 2028. With its thorough analysis, the report serves as a valuable resource for stakeholders seeking insights into the rapidly evolving landscape of autonomous truck technology and its global market dynamics.

The integration of autonomous trucks is poised to revolutionize existing truck allocation structures, ushering in a new era of logistics models that facilitate both horizontal and vertical integration. This transformative shift holds the potential to address a multitude of challenges faced by shipping companies. Concurrently, manufacturers are actively engaged in developing low-emission Autonomous Vehicles (AVs) aimed at enhancing supply chain efficiency and mitigating transportation-related emissions within the freight transportation sector. Noteworthy achievements in this realm include TuSimple, Inc. receiving the EPA’s SmartWay High Performer award in 2021, a recognition reserved for the top 10% of fleets exhibiting the quietest CO2 emissions. In a regulatory context, the National Highway Traffic Safety Administration (NHTSA) took a pivotal step in April 2023 by amending reporting requirements for AV crashes. This amendment is anticipated to yield more accurate accident reports, furnishing crucial data to support future regulatory changes and further advancing the responsible integration of autonomous technologies into transportation systems.

Explore the comprehensive insights and strategic implications of this groundbreaking research. Click here to Learn More.

Key Drivers of Autonomous Trucks: Global Markets

Growing Emphasis on Enhanced Road Safety and Traffic Management: The advent of autonomous trucks heralds a significant paradigm shift towards heightened road safety and more efficient traffic control. Leveraging cutting-edge technologies such as sensors, cameras, and artificial intelligence, these vehicles have the potential to substantially mitigate human errors, thereby contributing to a safer road environment. Additionally, their ability to communicate with both fellow autonomous trucks and the infrastructure allows for optimized traffic flow, minimizing congestion and enhancing overall road system efficiency.

Reduced Emissions and Enhanced Fuel Efficiency in the Realm of Autonomous Trucks: Autonomous trucks emerge as powerful allies in the global effort to combat climate change, as they introduce innovative features like platooning, adaptive cruise control, and eco-driving. By leveraging these capabilities, these vehicles not only exhibit reduced fuel consumption but also significantly lower greenhouse gas emissions. Furthermore, the potential transition to electric propulsion represents a promising avenue for further diminishing their environmental footprint, aligning with the broader push towards sustainable transportation solutions.

Advancements in the Technological Landscape: The dynamic landscape of autonomous trucking is propelled by the rapid evolution and innovation of pivotal technologies, including Artificial Intelligence (AI), Light Detection and Ranging (LiDAR), 5G connectivity, and cloud computing. These technological strides play a pivotal role in elevating the performance, reliability, and security of autonomous trucks. Moreover, they pave the way for the emergence of novel business models and services, shaping a transformative future for the industry while bolstering its capacity to meet evolving demands.

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Report Synopsis

Report Metrics

Details

Base year considered

2022

Forecast Period considered

2023-2028

Base year market size

$2.9 billion

Market Size Forecast

$6.9 billion

Growth Rate

CAGR of 16.2% from 2023 to 2028

Segment Covered

By Component, Autonomy, Propulsion Type, Truck Type, End Use, and Region

Regions covered

North America, Europe, Asia-Pacific, and the Rest of the World (RoW)

Countries covered

U.S., Canada, Mexico, U.K., Germany, China, India, and Japan

Key Market Drivers

 

Growing Emphasis on Improved Road Safety and Traffic Control Reduced Emissions and Higher Fuel Efficiency of Autonomous Trucks Improved Technological Landscape

 

Autonomous Trucks Global Markets Segmentation:

By Component: Analyzing the Autonomous Truck Market’s Building Blocks

This segmentation delves into the intricate layers of the autonomous truck market, dissecting it based on the fundamental components that drive these cutting-edge vehicles. The bifurcation centers around the dichotomy of software and hardware. Software, the brain of the autonomous truck, encompasses programs and algorithms that orchestrate functions such as navigation, perception, and decision-making. Meanwhile, hardware comprises the sensory and operational apparatus, featuring devices like cameras, navigation systems, sensors, and Advanced Driver Assistance Systems (ADAS) components, collectively serving as the eyes and ears of these autonomous entities.

By Autonomy: Unraveling Degrees of Autonomy in the Trucking Realm

This market segmentation peels back the layers based on the degree of autonomy inherent in autonomous trucks, delineating the spectrum of human intervention required for seamless operation. Semi-autonomous trucks tread a middle ground, proficient in executing certain functions autonomously but necessitating human oversight and control. In contrast, fully autonomous trucks emerge as self-sufficient entities, adept at executing all functions autonomously, sans any human intervention, marking a paradigm shift in the landscape of autonomous transportation.

By Propulsion Type: Navigating the Power Sources of Autonomous Trucks

This segment intricately categorizes the market according to the type of propulsion systems propelling these autonomous marvels. Internal Combustion (IC) engines harness the combustion of fossil fuels for power generation, while electric trucks rely on batteries or fuel cells to store and convert electrical energy into propulsive force. Hybrid trucks ingeniously blend IC engines and electric motors, optimizing power and efficiency in a symbiotic fusion of traditional and contemporary technologies.

By Truck Type: Gauging Autonomy Based on Truck Size and Capacity

This segmentation classifies the market based on the size and capacity of autonomous trucks, offering a nuanced perspective. Light-duty trucks, with a Gross Vehicle Weight Rating (GVWR) below 6,000 lbs, find their niche alongside medium-duty trucks (6,000 to 26,000 lbs GVWR) and heavy-duty trucks (exceeding 26,000 lbs GVWR). This categorization provides a comprehensive understanding of the diverse landscape encompassing various truck types within the autonomous domain.

By End Use: Mapping Autonomous Truck Applications Across Industries

This segment unfolds based on the diverse industries and sectors harnessing the potential of autonomous trucks. Logistics and transportation, manufacturing, mining, construction, and an array of others form the tapestry of end-use applications. From the movement of goods and people to the production of goods, extraction of minerals, construction activities, and beyond, the autonomous truck’s impact extends across an array of sectors, encompassing ports, farming, oil and gas, chemicals, and agriculture.

By Region: Navigating the Global Terrain of Autonomous Truck Adoption

This geographical segmentation scrutinizes the global landscape, partitioning it into regions such as North America, Europe, Asia-Pacific, and the Rest of the World. Further sub-segmentation drills down into specific countries, providing a comparative analysis of market size, growth, and trends. This regional perspective offers invaluable insights into the diverse dynamics shaping the adoption and evolution of autonomous trucks across different corners of the globe.

This report on Autonomous Trucks: Global Markets provides comprehensive insights and analysis, addressing the following key questions:

1.  What is the projected market size and growth rate of the market?

The global market for autonomous trucks was projected to grow from $2.9 billion in 2022 to $6.9 billion in 2028, at a compound annual growth rate (CAGR) of 16.2% during the forecast period 2023-2028.

2.  What are the key factors driving the growth of the market?

The key factors driving the growth of the autonomous trucks market include growing emphasis on improved road safety and traffic control, reduced emissions and higher fuel efficiency of autonomous trucks, improved technological landscape, and growth of connected infrastructures.

3.  What segments are covered in the market?

Global autonomous trucks market is segmented based on component, autonomy, propulsion type, truck type, end use, and region.

4.  By End use, which segment will dominate the market by the end of 2028?

By the end of 2028, the logistics and transportation segment will continue to dominate the global autonomous trucks market. The segment will show a dominating position till the end of 2028, owing to lower load and long haulage costs, streamline traffic flows, shorter delivery time, and improve fuel efficiency by reducing freight and logistics costs.

5.  Which region has the highest market share in the market?

Europe holds the highest market share in the global autonomous trucks market. Presence of major OEMs such as Tesla, Inc., Robert Bosch GmbH, Mercedes Benz Group, and MAN Truck & Bus which are launching new models with advanced automation levels, implementation of various self-driving vehicle related rules and regulations by the European Union, and availability of advanced communication infrastructure drives the demand for adopting autonomous trucks in the region.

Some of the Key Market Players Are:

 AB VOLVO APTIV CATERPILLAR CONTINENTAL AG DENSO CORP. EINRIDE KODIAK ROBOTICS INC. MERCEDES-BENZ GROUP AG PACCAR INC. ROBERT BOSCH GMBH TESLA INC. TUSIMPLE HOLDINGS INC. WAYMO LLC

Directly Purchase a copy of the report with BCC Research.

For further information or to make a purchase, please get in touch with info@bccresearch.com.  

About BCC Research

BCC Research provides objective, unbiased measurement and assessment of market opportunities with detailed market research reports. Our experienced industry analysts’ goal is to help you make informed business decisions, free of noise and hype.

Contact Us
Corporate HQ: BCC Research LLC, 49 Walnut Park, Building 2, Wellesley, MA 02481, USA
Email: info@bccresearch.com,
Phone: +1 781-489-7301

For media inquiries, email press@bccresearch.com or visit our media page for access to our market research library.

Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher.

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Safetyfirst Systems, LLC Provides Notice of Data Security Event

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PARSIPPANY, N.J., July 23, 2026 /PRNewswire/ — Safetyfirst Systems, LLC (“SFS”) is providing notice of a data security event that may involve information relating to certain individuals. While SFS is not aware of any misuse of information associated with this event, it is providing notice to potentially affected individuals out of an abundance of caution.

On January 19, 2026, SFS identified suspicious activity involving a limited portion of its server environment. Upon discovering the activity, SFS quickly took steps to secure its systems, notified federal law enforcement, engaged leading third-party forensic specialists, and performed a detailed investigation into the nature, scope, and impact of the activity. The investigation determined that an unauthorized actor accessed and/or acquired certain files from limited SFS systems between January 16, 2026, and January 19, 2026. SFS then conducted a comprehensive review of the affected files to determine what information may have been involved and identify the individuals to whom the information relates. The review has recently concluded, and SFS is providing this notification to potentially impacted individuals out of an abundance of caution. Although the types of information vary by individual, the affected information may include names, Social Security numbers, and driver’s license numbers.

Protecting the privacy and security of the information entrusted to SFS is a responsibility the company takes very seriously. In response to this event, SFS promptly strengthened security measures, continues to enhance its technical safeguards and monitoring capabilities, and is reviewing existing policies and procedures to further protect against similar incidents in the future. SFS is also providing notice to potentially affected individuals and, where required, appropriate regulatory authorities.

Although SFS is unaware of any misuse of personal information impacted by this event, individuals are encouraged to remain vigilant against events of identity theft by reviewing account statements, explanation of benefits, and monitoring free credit reports for suspicious activity and to detect errors. Any suspicious activity should be reported to the appropriate insurance company, health care provider, or financial institution.

Individuals seeking additional information regarding this event can contact SFS’s dedicated assistance line at 1-833-289-5523 between the hours of 7:00 a.m. to 7:00 p.m. Eastern time, Monday through Friday, excluding holidays. Individuals may also write to SFS at PO Box 101, 3299 US Highway 46, Parsippany, NJ 07054-9998.

 

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SOURCE Safetyfirst Systems, LLC

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Sunrate and Mastercard Release White Paper on Agentic AI and the Future of B2B Global Payments

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SHANGHAI, July 24, 2026 /PRNewswire/ — Sunrate, the global payment and treasury management platform, and Mastercard, a global technology company in the payments industry, unveiled a joint white paper, Beyond Automation: Defining Agentic Global Payments, at the 2026 World Artificial Intelligence Conference (WAIC).

Among the first reports in the payments industry to examine the impact of Agentic AI on B2B cross-border payments, the white paper provides a comprehensive framework for understanding how AI agents are reshaping enterprise payment operations. It proposes that cross-border payments are evolving beyond digitisation and automation into a new stage: Autonomy—where AI agents with reasoning, planning, and execution capabilities can independently orchestrate and optimise end-to-end payment and treasury workflows within defined governance frameworks.

As businesses expand across borders, B2B cross-border payments continue to be constrained by fragmented workflows, disconnected systems, foreign exchange inefficiencies, rising compliance requirements, and complex reconciliation processes. While traditional automation improves individual tasks, the white paper demonstrates that Agentic AI represents a fundamental shift by enabling intelligent agents to coordinate entire payment journeys across systems, counterparties, and approval workflows.

Drawing on Sunrate’s global payment infrastructure and AI-native product capabilities, together with Mastercard’s expertise in secure payment networks and data intelligence, the white paper defines Agentic Global Payments — a new category of AI-native global payment infrastructure built to automate and manage complex enterprise workflows.

The report identifies 16 major pain points across the B2B payment lifecycle and outlines 13 high-value AI use cases spanning supplier onboarding, accounts payable and receivable, virtual commercial cards, payment routing, foreign exchange management, compliance screening, fraud detection, reconciliation, and conversational operational support. It also demonstrates how AI agents can automate complex workflows—from extracting information across multiple document formats and conducting compliance checks to initiating payments, optimising FX execution, and completing reconciliation—while operating within enterprise governance and control frameworks.

The white paper further highlights that trusted adoption of agentic payments depends on more than technological capability. It identifies governance, transparency, security, and ecosystem collaboration as essential foundations for enterprise deployment, supported by frameworks such as Know Your Agent (KYA), payment tokenisation, auditability, and cross-industry interoperability.

Sunrate.AI portfolio currently includes the Payment Agent, FX Agent, Compliance Agent, Onboarding Agent, and Chat Agent, designed to help enterprises automate and optimise critical payment and treasury processes while maintaining compliance and operational control.

Mastercard has also been actively building the foundations for trusted agentic commerce – combining AI capabilities with verifiable authorisation, clear accountability and proven payments security. Its work in this area, including Agent Pay (alongside Agent Pay for Machines) and Verifiable Intent, are proof points in how Mastercard is enabling AI to participate in commerce safely and transparently. 

“Our mission is to make global payments seamless, compliant, and intelligent,” said Paul Meng, Co-founder and CEO of Sunrate. “As businesses continue expanding internationally, AI agents will fundamentally reshape how enterprises manage global payments—enabling smoother capital flows, reducing operational friction, and embedding real-time intelligence into every payment decision. This white paper represents an important step in helping the industry understand how Agentic AI can be deployed responsibly at enterprise scale.”

“Agentic commerce is changing how businesses make and execute payment decisions, but speed without accountability creates new categories of risk,” said Anouska Ladds, Executive Vice President, Commercial & New Payment Flows, Asia Pacific, Mastercard. “As AI starts to act on behalf of businesses, autonomous payment decisions need a clear, auditable chain of identity, intent and action. That’s what allows organisations to delegate with genuine confidence — and what will determine whether agentic commerce scales past pilots.”

Released under WAIC 2026’s theme, “Intelligent Partners, Co-creating the Future,” the white paper provides business leaders with practical guidance on adopting AI-driven payment capabilities, covering implementation approaches, governance considerations, and real-world enterprise applications.

By combining Sunrate’s expertise in global payments and treasury management with Mastercard’s trusted payment infrastructure and network capabilities, the collaboration reflects a shared commitment to accelerating the next generation of intelligent, secure, and autonomous B2B global payments.

Click here to check the white paper.

About Sunrate

Sunrate is a leading global payment and treasury management platform for businesses worldwide. Founded in 2016, Sunrate has enabled companies to operate and scale both locally and globally in 190+ countries and regions with its cutting-edge infrastructure, global network, and unified solutions.

Sunrate operates through offices across key markets, including Singapore, Kuala Lumpur, Jakarta, Hong Kong, Shanghai, and London. The company partners with the top global financial institutions, such as Citibank, Standard Chartered, Barclays, J.P. Morgan. Sunrate is also the principal member of Mastercard and Visa. To learn more about Sunrate, visit https://www.sunrate.com/.

About Mastercard

Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we’re building a resilient economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential. 

www.mastercard.com

SOURCE Sunrate

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JAMS Launches AI for Enterprise Job Scheduling: JAX and JAMS MCP

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A new AI agent and an open-standard connector let IT teams query, diagnose, and manage automation in plain language, on the model they choose, with operational data able to stay onshore inside their own network

SYDNEY, July 24, 2026 /PRNewswire/ — JAMS Software, an orchestration solution for scheduled and event-driven automation, today announced the general availability of two AI capabilities for enterprise job scheduling: JAX, an AI agent built into the JAMS Web Client, and JAMS MCP, a connector built on the open Model Context Protocol standard that brings JAMS into external AI coding tools. Both capabilities ship at no additional cost as part of JAMS Web.

Automation environments grow faster than the teams that run them. Jobs multiply across SQL Server, Azure Data Factory, Airflow, SAP, JDE, and Banner, and when one fails, finding the root cause often means searching several consoles at once, frequently outside business hours. At the same time, IT leaders carry pressure to adopt AI while staying accountable for where operational data goes. JAX and JAMS MCP close both gaps together.

Full details on how JAX and JAMS MCP work, including the control model behind every action, are available at jamsscheduler.com/product/ai.

JAX is an AI agent that runs inside the JAMS Web Client. It finds jobs, troubleshoots failures, and answers how-to questions in plain language, with each response grounded in the JAMS user guide and checked against a built-in glossary. JAX acts only when a user asks it to. Reads flow freely, and every write action pauses for the user’s explicit approval before it runs. JAX does not learn between sessions, and conversations are not retained on the server.

JAMS MCP is a connector, built on the open Model Context Protocol standard, that brings JAMS into the AI tools engineering teams already use, including Cursor, VS Code with Copilot, Claude Code, Claude Desktop, and Codex. Users query jobs, investigate failures, and manage runs in plain language without leaving their tool.

Both capabilities run inside the customer’s own network and act as the signed-in user, with that user’s exact JAMS permissions. There is no elevated AI account: whatever a user cannot do in the JAMS interface, JAX and JAMS MCP cannot do on that user’s behalf. Every JAX and MCP operation is recorded in its own dedicated log, and changes made through the JAMS API land in the JAMS audit trail like any other change. Customers choose their own AI model, whether a commercial provider such as OpenAI or Anthropic or a model running entirely on their own hardware, and JAMS never trains on customer data. In the current release, neither feature edits or deletes a job, folder, schedule, or agent definition. For teams that need operational data to stay onshore, JAX runs on a local model entirely inside the customer’s own network, so nothing leaves at all.

“Adopting AI usually means giving something up, most often visibility into where your data goes,” said Pete Hegland, Chief Executive Officer of JAMS Software. “We built JAX and JAMS MCP so that trade does not have to happen. Every action runs as the signed-in user, every change waits for approval, and the model can run on the customer’s own hardware, keeping operational data onshore.”

“For teams across Australia, New Zealand, and Singapore, two things matter: keeping data onshore, and getting answers when a job fails after hours,” said Shayne Cooper, Account Executive for APAC at JAMS Software. “JAX and JAMS MCP address both. The model can run on the customer’s own hardware, and the answer arrives in plain language at the moment it is needed.”

JAX and JAMS MCP are available now to all JAMS Web customers across Australia, New Zealand, and Singapore, with no separate licence, SKU, or additional cost. AI-assisted creation of new jobs and workflows from a plain-language description is on the roadmap for a future release, gated by the same approvals and permissions as every other action.

Learn how JAX and JAMS MCP work at https://jamsscheduler.com/product/ai.

Fast facts

JAX is an AI agent built into the JAMS Web Client for job scheduling and workflow automation.JAMS MCP is a connector built on the open Model Context Protocol standard, for Cursor, VS Code with Copilot, Claude Code, Claude Desktop, and Codex.Both act as the signed-in user, with that user’s exact JAMS permissions, and there is no elevated AI account.Customers choose the AI model, including a local model that runs entirely inside their own network.JAMS never trains on customer data.Both are available now at no additional cost as part of JAMS Web.

About JAMS Software
Founded in 1987, JAMS Software is an orchestration solution that helps IT teams centralize, automate, and manage scheduled and event-driven jobs across complex, hybrid environments. Over 850 customers rely on JAMS to run their automated workloads. JAMS Software, LLC is headquartered at 108 Patriot Drive, Suite A, Middletown, DE 19709.

Media Contact
Bobby Schmidt, Vice President of Marketing
press@jamssoftware.com
800.261.4267

 

 

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