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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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Global Security & Technology Summit Unveils Month-Long Program of Activities Ahead of December Event

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RIYADH, Saudi Arabia, Oct. 24, 2026 /PRNewswire/ — The Organizing Committee of the Global Security & Technology Summit (GSTS) held an introductory session today at the Ministry of Interior’s headquarters in Riyadh, bringing together representatives from the government, private, and nonprofit sectors to introduce the program of activities leading up to the summit. The upcoming summit will be held in Riyadh under the patronage of HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, under the supervision of HRH Prince Abdulaziz bin Saud bin Naif bin Abdulaziz Al Saud, Minister of Interior, and organized by the Ministry of Interior in cooperation with Tuwaiq Academy.

During the session, the Organizing Committee presented the comprehensive GSTS program, comprising three key components: GSTS Month, running from November 1 to 30, 2026; the Global Security & Innovation Fair (SAIF), taking place from November 24 to 26, 2026; and the main Summit, scheduled for December 18 to 20, 2026, in Riyadh. Together, these events form an integrated program designed to advance security and technology innovation, strengthen national capabilities, and foster international cooperation.

GSTS Month will feature working groups, boot camps, training programs, knowledge-sharing sessions, and technical workshops across Saudi Arabia’s 13 administrative regions, delivered both in person and remotely in collaboration with specialized entities. The month-long program aims to develop national capabilities, identify emerging talent, enrich knowledge-sharing opportunities, and equip professionals with the knowledge and skills needed to develop innovative solutions to future security and technology challenges.

The main Summit will bring together global leaders, decision-makers, experts, and innovators to explore the future of security and technology, promote the integration of advanced technologies within the security sector, strengthen national capabilities, support innovation, and foster international cooperation, further positioning the Kingdom as a global hub for security and technology.

Showcasing the latest technological breakthroughs and security solutions, the summit will bring together government entities, private sector organizations, academic institutions, and research centers to facilitate knowledge exchange and collaboration across key fields, including cybersecurity, artificial intelligence (AI), the Internet of Things (IoT), smart security solutions, emerging technologies, and crisis management. The program will also feature main sessions, specialized discussions, and interactive exhibitions. Registration is available at gsts.sa.

Advisor to HRH the Minister of Interior and Chairman of the GSTS Organizing Committee, Ahmed Altowayan, stated that the summit builds on Saudi Arabia’s efforts to establish an advanced security and technology ecosystem focused on knowledge and innovation, keeping pace with rapid developments and future challenges.

Mr. Altowayan noted that the summit is a global platform for strengthening cooperation and exchanging expertise, anticipating future developments in security and technology, and developing strategic partnerships and innovative solutions that enhance the efficiency and readiness of security systems.

Vice Chairman of the GSTS Organizing Committee, Eng. Abdulaziz Alhammadi, said that the summit will offer a range of integrated programs and activities focused on enhancing national skills, encouraging innovation, and supporting international cooperation.

He added that GSTS Month will help build national capabilities, discover talent, and develop skills, with SAIF providing a platform for innovators and researchers from around the world to showcase leading technological solutions, while the main Summit will bring together leaders and experts to discuss the future of security and technology and explore new strategic partnership opportunities.

SAIF will take place at the Riyadh International Convention & Exhibition Center, bringing together innovators, researchers, technology talents, and industry experts from around the world to showcase promising innovations and projects across 14 fields of technology and innovation. The fair will provide opportunities to engage with project owners, including students, graduates, and entrepreneurs, and explore the different stages of innovation development through interactive zones, panel discussions on emerging security and innovation trends, and knowledge-sharing workshops led by specialists. Visitor registration is open to participants from within and outside the Kingdom through saifair.sa.

The introductory session also featured contributions from representatives of government, private, and nonprofit sector entities, alongside members of the media. Discussions focused on developing national capabilities in security and technology, strengthening students’ technical expertise, translating scientific research into practical solutions, and supporting Saudi companies in developing security and technology solutions and advancing digital transformation.

Organized by the Ministry of Interior in cooperation with Tuwaiq Academy, GSTS is produced by Tahaluf, with the Ministry of Education serving as Strategic Scientific Partner, Tahakom as Founding Partner, and Elm as Principal Partner.

Registration for participants from within and outside the Kingdom is available at gsts.sa.

Click here to view the media kit. 

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Axon Announces Body 5: Next-Generation Camera Built for the AI Era

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Axon Body 5 delivers 25x the AI processing power of earlier-generation cameras, with upgraded connectivity, audio and battery life to support real-time situational awareness in the field

SCOTTSDALE, Ariz., Oct. 24, 2026 /PRNewswire/ — Axon (Nasdaq: AXON), the global leader in public safety technology, today announced Axon Body 5, its newest body-worn camera designed to bring more powerful intelligence, connectivity and real-time support directly to officers in the field.

For years, Axon body cameras have helped agencies capture critical evidence and create greater transparency. Body 5 is built to help officers during the call, with information, assistance and backup on the spot.

“Officers shouldn’t have to choose between getting information and watching the scene. With Axon Body 5, they don’t,” said Rick Smith, Axon Founder and CEO. “They capture a license or document with the camera, keep their hands free and eyes up, and get information faster than writing it down and calling it in by radio. An officer fully engaged with the person in front of them, not down at a notepad, is a safer officer and a better-served community.”

Axon Body 5: Built for the AI Era

Built from the ground up for the AI era, Axon Body 5 delivers 25x the AI processing power than earlier generation Axon body cameras, alongside advancements in connectivity, audio, video and battery life. Together, these upgrades give the camera the physical power to run smarter AI features — both today and as new AI tools are developed in the future — while also making it more dependable for officers to use every day. 

For the first time, Axon is also introducing two versions of its latest flagship camera: Axon Body 5 and Axon Body 5 Pro.

Both models feature several key advancements, including:

25x more processing power for AI: A powerful new computing architecture creates the capacity to support current and future AI features directly on the body camera.Enhanced video: Improved video captures clearer evidence across challenging environments, including better low-light performance.Improved connectivity: Seamless connectivity in urban and remote environments – and more precise location capability – helps officers, cameras and remote support teams stay connected when timely information matters most.Longer battery life: 20% more battery life than the previous generation helps keep the camera ready and connected throughout an officer’s shift.

The Axon Body 5 Pro will continue to gain new AI capabilities as they become available, growing along with the AI Era Plan. Additionally, new hardware features include:

A near-focus camera: An additional dedicated camera lens lets officers scan driver’s licenses to check status and search for wants or warrants in seconds, without returning to the patrol vehicle, with relevant information sent to Axon Fusus to support real-time operations.Front-facing speakers: Four additional speakers project even more powerful audio toward the person an officer is speaking with, helping real-time translations from Axon Assistant carry more clearly over heavy traffic or crowd noise. Additional memory: Extra space lets the camera run several AI tools at once, helping officers stay better informed and work faster.

Bringing More of Axon’s AI Era Into the Field

Axon Body 5 helps officers get more out of the Axon AI Era Plan by bringing smart tools right to the scene. Axon’s portfolio already supports public safety professionals across a growing range of tasks. For example, Draft One helps officers turn body-camera audio into high-quality report drafts and Axon Assistant provides voice-based information access and real-time translation.

Increasingly, Axon is also bringing AI into real-time operations.

Axon Guardian is a new category of AI features within the AI Era Plan that was specifically created to work with an officer’s field-based devices – starting with body cameras and in-car cameras – to improve safety. Guardian is designed to flag potential risks as situations unfold and create alerts when additional attention may be needed. Two of the first features include:

Escalation Detection: When an Axon Body 4 or Axon Body 5 camera is activated and recording, Guardian has the ability to detect potential conflicts in real time and create an alert in Axon Fusus. A human reviews the livestream and decides if additional support or action is needed.Approach Alert: When active on Axon Fleet 3, Guardian can detect if the door of a stopped vehicle opens and alert the officer through the in-car display and their body-worn camera.

Combined, Axon Body 5 and the expanding AI Era portfolio demonstrate the importance of AI as a critical resource to assist public safety professionals before, during and after an incident — reducing administrative burden, improving situational awareness and helping protect more lives.

Innovating Responsibly

Axon’s Responsible Innovation framework guides the development of all of its products. Designed with this in mind, Axon Body 5 and Guardian prioritize human oversight and maintain agency control over data. As a key part of the responsible innovation process, Axon’s independent Ethics and Equity Advisory Council was created to help responsibly develop and deploy new technologies with transparency, while aligning with community expectations.

General availability dates for Axon Body 5 and Axon Guardian will be announced soon. Product features and capabilities vary by configuration. For more information on Axon’s current products and services: Axon Product Catalog – Axon.com.

About Axon
Axon (Nasdaq: AXON) is the global leader in public safety technology supporting state, local, federal and international public safety agencies with technology designed to Protect Life. Complementing its mission, Axon’s growing Enterprise market focuses on protecting critical infrastructure and frontline workers across multiple industries including corporate security, hospitality, retail and healthcare. Founder-led since 1993, Axon builds products with transparency and responsibility. From TASER energy devices to today’s connected network of hardware – including cameras, drones, and robotics – cloud software, sensors, and AI-tools, the Axon ecosystem helps seamlessly protect people and places when it matters most. To ensure these technologies align with community expectations, Axon’s independent Ethics & Equity Advisory Council guides the ethical, inclusive, and accountable design of its products and services. Learn more about the EEAC and Axon’s Responsible Innovation framework at Axon Responsibility. 

Non-Axon trademarks are the property of their respective owners. Axon, TASER and the Delta Logo are trademarks of Axon Enterprise, Inc., some of which are registered in the US and other countries. For more information, visit www.axon.com/legal. All rights reserved.

Please visit https://investor.axon.com and https://www.axon.com/newsroom for more information.

Media Contact:
Kate MacKinnon
Vice President, Communications
press@axon.com

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In HelloNation, Custom Fabrication Expert Mark Coyle Explains a Common Mistake in Custom Aluminum Design

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The article explains why smart geometry, not thicker walls, creates stronger, more efficient aluminum components.

ROCHESTER, N.Y., Oct. 24, 2026 /PRNewswire/ — What early design choice causes many custom aluminum projects to become heavier, costlier, or harder to manufacture? That question is addressed in a HelloNation article featuring insights from Custom Fabrication Expert Mark Coyle of American Custom Metals, Inc. in Rochester, New York, that outlines how misunderstanding aluminum behavior leads designers to rely on thick walls instead of stronger geometry.

The article begins by explaining that many people assume thicker walls automatically make aluminum parts stronger. It notes that aluminum does not respond to wall thickness the way steel does. Instead, its performance is shaped by how the metal flows through the extrusion die. The article states that custom aluminum design is more effective when profiles use ribs, chambers, and flanges to create stiffness without adding unnecessary weight. This guidance helps readers understand why adding material often increases cost without improving strength.

The article also highlights that thicker walls change how aluminum moves during extrusion. When heavy areas fill more slowly, the metal cools unevenly and can develop stress that only appears later. The HelloNation piece explains that well-balanced geometry keeps extrusion smooth and predictable. This consistency makes it easier to maintain dimensional accuracy across long production runs. By focusing on geometry, custom aluminum design avoids the problems that come with slow extrusion speeds and uneven cooling.

Another insight in the article centers on how ribs and internal supports influence stability. It describes how a thin wall supported by a properly placed rib often performs better than a thick wall with no reinforcement. This happens because the rib helps distribute load, improve stiffness, and guide the aluminum as it cools. The article explains that this structural approach makes custom aluminum design more efficient and gives designers more control over how the final part behaves under pressure.

The article also shows why early collaboration between designer and fabricator prevents costly changes. It states that a fabricator familiar with extrusion can catch potential issues before a die is built. Small adjustments to corners or transitions can remove weak points or improve metal flow. The article notes that this teamwork keeps the design aligned with real-world production. By working together early, both sides reduce the risk of redesigning the die after the first test run.

Machining is another area where the article explains how wall thickness affects performance. Features such as deep pockets or sharp internal angles may require slow feed rates or special tooling. When walls are thicker than needed, those areas can become difficult to machine cleanly. The article states that thoughtful custom aluminum design makes machining more predictable. Small changes, such as adding radiused edges or sizing features to match standard tools, help shorten cycle times and prevent tool wear.

Thermal behavior receives detailed attention as well. The article explains that aluminum retains heat differently depending on the mass of each section. Thicker walls hold heat longer, which increases the chance of distortion during extrusion, machining, or finishing. When a design uses geometry to create strength, the material cools more evenly. This reduces warping and helps long profiles stay aligned. The article notes that stable cooling is important for components that require a precise fit and consistent shape throughout an entire production run.

Cost is also a key topic in the article. It states that heavier profiles increase material use, extrusion time, and tooling needs. A custom aluminum design that relies on geometry instead of mass lowers material consumption and keeps the fabrication process efficient. The article explains that lighter parts are easier to handle, ship, and assemble. This saves money across multiple stages of production and supports long-term manufacturing efficiency.

The article also notes that smart custom aluminum design creates profiles that behave predictably during extrusion and machining. Smooth transitions, balanced wall dimensions, and structural features help reduce the chance of distortion or dimensional drift. These elements also lower scrap rates and support reliable performance. By using geometry instead of excess material, designers build parts that maintain strength without compromising manufacturability.

As the article concludes, it emphasizes that avoiding thick walls is one of the best ways to improve performance and lower cost. It states that the most dependable custom aluminum components come from designs that use structural features to strengthen the profile. When designers understand how aluminum behaves at each stage of extrusion and machining, they create parts that are strong, efficient, and consistent from batch to batch. This approach turns custom aluminum design into a predictable process rather than a series of uncertain adjustments.

A Common Mistake in Custom Aluminum Design features insights from Mark Coyle, Custom Fabrication Expert of Rochester, NY, in HelloNation.

About HelloNation
HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused publications and innovative “edvertising” approach, HelloNation delivers content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.

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