The Business Research Company’s latest report Autonomous Commercial Vehicle Global Market Report 2020 covers Autonomous Commercial Vehicle market drivers, Autonomous Commercial Vehicle market trends, Autonomous Commercial Vehicle market segments, Autonomous Commercial Vehicle market growth rate, Autonomous Commercial Vehicle market major players, and Autonomous Commercial Vehicle market size. The report provides in-depth analysis of the impact of COVID-19 on the Autonomous Commercial Vehicle industry, along with revised market numbers due to the effects of the coronavirus.
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Autonomous Commercial Vehicle Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global autonomous commercial vehicle market is expected to decline from $7.57 billion in 2019 to $6.33 billion in 2020 at a compound annual growth rate (CAGR) of -16.35%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and closure of industries and other commercial activities. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to recover and reach $11.30 billion in 2023 at CAGR of 21.31%.
The report covers the autonomous commercial vehicle market’s segments-
1) By Vehicle: Truck, Trailer, Bus, Others.
2) By Automation Level: Driver Assistance, Partial Automation, Conditional Automation, High Automation, Full Automation.
3) By Fuel Type: Conventional, Hybrid Vehicle, Electric Vehicle.
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