According to a new report from the research firm Tractica, worldwide revenue from sales of autonomous trucks and buses reached $84 million in 2017, and the market will continue to grow at a strong pace over the next few years.
Tractica predicts that global sales of autonomous trucks and buses will skyrocket to $35 billion by the end of 2022.
During that period, Tractica forecasts that annual unit sales will increase from approximately 343 vehicles in 2017 to 188,000 units in 2022.
“The potential for autonomous trucks and buses is huge and market growth is accelerating, with news of successful pilot projects coming at an increasing pace,” said research analyst Manoj Sahi. “Considering the next two to three years as a make-or-break time, several prominent companies are prioritizing investment for large-scale development.”
To download an executive summary of Tractica’s report, “Autonomous Trucks and Buses,” visit the firm’s website.