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Autonomous Mining Truck Market By Size, By Propulsion, By Level of Autonomy, By Type: Global Opportunity Analysis and Industry Forecast, 2025-2035

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    Report

  • 371 Pages
  • October 2022
  • Region: Global
  • Allied Market Research
  • ID: 5725313
Autonomous trucks are also known as self-driving trucks is a robotic vehicle designed to perform all major capabilities of traditional trucks with little or without a human operator. These vehicles combine sensors and software to control, navigate, drive, and operate the vehicle. This vehicle uses LiDAR and RADAR and several other sensors for its operations. These self-driving systems create and maintain an internal map of their surroundings, based on a wide array of sensors. Artificial Intelligence (AI) software controls all the functionalities related to sensor working and RADAR sensor is used to detect obstacles. Such advance technologies help control these vehicles. Self-driving trucks provides advantages such as reduction in accidents caused by driver negligence or error and reduction of hazardous gas (CO2) from the vehicle.

The global automotive industry has experienced tremendous transformation in the past few years. The ever-growing demand for passenger safety and comfort is making the vehicle manufacturers focus incessantly on forming new design experiences by enabling efficient incorporation of new technologies and processes which is anticipated to fortify the demand for autonomous mining trucks up to a great degree over the forecast period.

Autonomous mining truck market is segmented on the basis of size, propulsion, level of autonomy, type, and region. By size, it is divided into small, medium, and large. By propulsion, it is segmented into Diesel, and electric & hybrid. By level of autonomy, the market is divided into Level 1 & 2, Level 3, and Level 4 & 5. By type, the market is divided into underground LHD loaders, autonomous hauling trucks, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific and LAMEA.

The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights key areas of investments. In addition, it includes Porter’s five forces analysis to understand competitive scenario of the industry and role of each stakeholder. The report features strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights

Competitive Landscape

of key players to increase their market share and sustain intense competition in the industry.
The key players that operate in this market are AB Volvo, Aptiv, Continental AG, Daimler Truck AG, DENSO Corporation, Embark Truck Inc., MAN SE, Nvidia Corporation, PACCAR Inc., Qualcomm Technologies Inc., Robert Bosch GmbH, SCANIA, Tesla Inc., Tusimple Holdings Inc., and Waymo LLC.

KEY BENEFITS FOR STAKEHOLDERS

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the autonomous mining truck market analysis from 2025 to 2035 to identify the prevailing autonomous mining truck market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the autonomous mining truck market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global autonomous mining truck market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Size

  • Small
  • Medium
  • Large

By Propulsion

  • Electric and Hybrid
  • Diesel

By Level of Autonomy

  • Level 1 and 2
  • Level 3
  • Level 4 and 5

By Type

  • Underground LHD Loaders
  • Autonomous Hauling Trucks
  • Others

By Region

  • North America
  • U. S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • Russia
  • Netherlands
  • UK
  • Poland
  • Spain
  • Rest Of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Asean
  • Rest Of Asia-Pacific
  • LAMEA
  • Brazil
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest Of LAMEA

Key Market Players

  • Daimler AG
  • AB VOLVO
  • Aptiv
  • Bosch Ltd
  • CONTINENTAL AG
  • DENSO CORPORATION
  • EMBARK
  • MAN SE
  • Nvidia
  • PACCAR Inc.
  • QUALCOMM
  • Scania
  • Tesla
  • TUSIMPLE
  • WAYMO

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market

CHAPTER 4: AUTONOMOUS MINING TRUCK MARKET, BY SIZE
4.1 Overview
4.1.1 Market size and forecast
4.2 Small
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Medium
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Large
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country

CHAPTER 5: AUTONOMOUS MINING TRUCK MARKET, BY PROPULSION
5.1 Overview
5.1.1 Market size and forecast
5.2 Diesel
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Electric and Hybrid
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country

CHAPTER 6: AUTONOMOUS MINING TRUCK MARKET, BY LEVEL OF AUTONOMY
6.1 Overview
6.1.1 Market size and forecast
6.2 Level 1 and 2
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Level 3
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Level 4 and 5
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country

CHAPTER 7: AUTONOMOUS MINING TRUCK MARKET, BY TYPE
7.1 Overview
7.1.1 Market size and forecast
7.2 Underground LHD Loaders
7.2.1 Key market trends, growth factors and opportunities
7.2.2 Market size and forecast, by region
7.2.3 Market analysis by country
7.3 Autonomous Hauling Trucks
7.3.1 Key market trends, growth factors and opportunities
7.3.2 Market size and forecast, by region
7.3.3 Market analysis by country
7.4 Others
7.4.1 Key market trends, growth factors and opportunities
7.4.2 Market size and forecast, by region
7.4.3 Market analysis by country

CHAPTER 8: AUTONOMOUS MINING TRUCK MARKET, BY REGION
8.1 Overview
8.1.1 Market size and forecast
8.2 North America
8.2.1 Key trends and opportunities
8.2.2 North America Market size and forecast, by Size
8.2.3 North America Market size and forecast, by Propulsion
8.2.4 North America Market size and forecast, by Level of Autonomy
8.2.5 North America Market size and forecast, by Type
8.2.6 North America Market size and forecast, by country
8.2.6.1 U. S.
8.2.6.1.1 Market size and forecast, by Size
8.2.6.1.2 Market size and forecast, by Propulsion
8.2.6.1.3 Market size and forecast, by Level of Autonomy
8.2.6.1.4 Market size and forecast, by Type
8.2.6.2 Canada
8.2.6.2.1 Market size and forecast, by Size
8.2.6.2.2 Market size and forecast, by Propulsion
8.2.6.2.3 Market size and forecast, by Level of Autonomy
8.2.6.2.4 Market size and forecast, by Type
8.2.6.3 Mexico
8.2.6.3.1 Market size and forecast, by Size
8.2.6.3.2 Market size and forecast, by Propulsion
8.2.6.3.3 Market size and forecast, by Level of Autonomy
8.2.6.3.4 Market size and forecast, by Type
8.3 Europe
8.3.1 Key trends and opportunities
8.3.2 Europe Market size and forecast, by Size
8.3.3 Europe Market size and forecast, by Propulsion
8.3.4 Europe Market size and forecast, by Level of Autonomy
8.3.5 Europe Market size and forecast, by Type
8.3.6 Europe Market size and forecast, by country
8.3.6.1 Germany
8.3.6.1.1 Market size and forecast, by Size
8.3.6.1.2 Market size and forecast, by Propulsion
8.3.6.1.3 Market size and forecast, by Level of Autonomy
8.3.6.1.4 Market size and forecast, by Type
8.3.6.2 France
8.3.6.2.1 Market size and forecast, by Size
8.3.6.2.2 Market size and forecast, by Propulsion
8.3.6.2.3 Market size and forecast, by Level of Autonomy
8.3.6.2.4 Market size and forecast, by Type
8.3.6.3 Russia
8.3.6.3.1 Market size and forecast, by Size
8.3.6.3.2 Market size and forecast, by Propulsion
8.3.6.3.3 Market size and forecast, by Level of Autonomy
8.3.6.3.4 Market size and forecast, by Type
8.3.6.4 Netherlands
8.3.6.4.1 Market size and forecast, by Size
8.3.6.4.2 Market size and forecast, by Propulsion
8.3.6.4.3 Market size and forecast, by Level of Autonomy
8.3.6.4.4 Market size and forecast, by Type
8.3.6.5 UK
8.3.6.5.1 Market size and forecast, by Size
8.3.6.5.2 Market size and forecast, by Propulsion
8.3.6.5.3 Market size and forecast, by Level of Autonomy
8.3.6.5.4 Market size and forecast, by Type
8.3.6.6 Poland
8.3.6.6.1 Market size and forecast, by Size
8.3.6.6.2 Market size and forecast, by Propulsion
8.3.6.6.3 Market size and forecast, by Level of Autonomy
8.3.6.6.4 Market size and forecast, by Type
8.3.6.7 Spain
8.3.6.7.1 Market size and forecast, by Size
8.3.6.7.2 Market size and forecast, by Propulsion
8.3.6.7.3 Market size and forecast, by Level of Autonomy
8.3.6.7.4 Market size and forecast, by Type
8.3.6.8 Rest of Europe
8.3.6.8.1 Market size and forecast, by Size
8.3.6.8.2 Market size and forecast, by Propulsion
8.3.6.8.3 Market size and forecast, by Level of Autonomy
8.3.6.8.4 Market size and forecast, by Type
8.4 Asia-Pacific
8.4.1 Key trends and opportunities
8.4.2 Asia-Pacific Market size and forecast, by Size
8.4.3 Asia-Pacific Market size and forecast, by Propulsion
8.4.4 Asia-Pacific Market size and forecast, by Level of Autonomy
8.4.5 Asia-Pacific Market size and forecast, by Type
8.4.6 Asia-Pacific Market size and forecast, by country
8.4.6.1 China
8.4.6.1.1 Market size and forecast, by Size
8.4.6.1.2 Market size and forecast, by Propulsion
8.4.6.1.3 Market size and forecast, by Level of Autonomy
8.4.6.1.4 Market size and forecast, by Type
8.4.6.2 India
8.4.6.2.1 Market size and forecast, by Size
8.4.6.2.2 Market size and forecast, by Propulsion
8.4.6.2.3 Market size and forecast, by Level of Autonomy
8.4.6.2.4 Market size and forecast, by Type
8.4.6.3 Japan
8.4.6.3.1 Market size and forecast, by Size
8.4.6.3.2 Market size and forecast, by Propulsion
8.4.6.3.3 Market size and forecast, by Level of Autonomy
8.4.6.3.4 Market size and forecast, by Type
8.4.6.4 South Korea
8.4.6.4.1 Market size and forecast, by Size
8.4.6.4.2 Market size and forecast, by Propulsion
8.4.6.4.3 Market size and forecast, by Level of Autonomy
8.4.6.4.4 Market size and forecast, by Type
8.4.6.5 Asean
8.4.6.5.1 Market size and forecast, by Size
8.4.6.5.2 Market size and forecast, by Propulsion
8.4.6.5.3 Market size and forecast, by Level of Autonomy
8.4.6.5.4 Market size and forecast, by Type
8.4.6.6 Rest of Asia-Pacific
8.4.6.6.1 Market size and forecast, by Size
8.4.6.6.2 Market size and forecast, by Propulsion
8.4.6.6.3 Market size and forecast, by Level of Autonomy
8.4.6.6.4 Market size and forecast, by Type
8.5 LAMEA
8.5.1 Key trends and opportunities
8.5.2 LAMEA Market size and forecast, by Size
8.5.3 LAMEA Market size and forecast, by Propulsion
8.5.4 LAMEA Market size and forecast, by Level of Autonomy
8.5.5 LAMEA Market size and forecast, by Type
8.5.6 LAMEA Market size and forecast, by country
8.5.6.1 Brazil
8.5.6.1.1 Market size and forecast, by Size
8.5.6.1.2 Market size and forecast, by Propulsion
8.5.6.1.3 Market size and forecast, by Level of Autonomy
8.5.6.1.4 Market size and forecast, by Type
8.5.6.2 UAE
8.5.6.2.1 Market size and forecast, by Size
8.5.6.2.2 Market size and forecast, by Propulsion
8.5.6.2.3 Market size and forecast, by Level of Autonomy
8.5.6.2.4 Market size and forecast, by Type
8.5.6.3 Saudi Arabia
8.5.6.3.1 Market size and forecast, by Size
8.5.6.3.2 Market size and forecast, by Propulsion
8.5.6.3.3 Market size and forecast, by Level of Autonomy
8.5.6.3.4 Market size and forecast, by Type
8.5.6.4 South Africa
8.5.6.4.1 Market size and forecast, by Size
8.5.6.4.2 Market size and forecast, by Propulsion
8.5.6.4.3 Market size and forecast, by Level of Autonomy
8.5.6.4.4 Market size and forecast, by Type
8.5.6.5 Rest of LAMEA
8.5.6.5.1 Market size and forecast, by Size
8.5.6.5.2 Market size and forecast, by Propulsion
8.5.6.5.3 Market size and forecast, by Level of Autonomy
8.5.6.5.4 Market size and forecast, by Type

CHAPTER 9: COMPANY LANDSCAPE
9.1. Introduction
9.2. Top winning strategies
9.3. Product Mapping of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Key developments

CHAPTER 10: COMPANY PROFILES
10.1 Daimler AG
10.1.1 Company overview
10.1.2 Company snapshot
10.1.3 Operating business segments
10.1.4 Product portfolio
10.1.5 Business performance
10.1.6 Key strategic moves and developments
10.2 AB VOLVO
10.2.1 Company overview
10.2.2 Company snapshot
10.2.3 Operating business segments
10.2.4 Product portfolio
10.2.5 Business performance
10.2.6 Key strategic moves and developments
10.3 Aptiv
10.3.1 Company overview
10.3.2 Company snapshot
10.3.3 Operating business segments
10.3.4 Product portfolio
10.3.5 Business performance
10.3.6 Key strategic moves and developments
10.4 Bosch Ltd
10.4.1 Company overview
10.4.2 Company snapshot
10.4.3 Operating business segments
10.4.4 Product portfolio
10.4.5 Business performance
10.4.6 Key strategic moves and developments
10.5 CONTINENTAL AG
10.5.1 Company overview
10.5.2 Company snapshot
10.5.3 Operating business segments
10.5.4 Product portfolio
10.5.5 Business performance
10.5.6 Key strategic moves and developments
10.6 DENSO CORPORATION
10.6.1 Company overview
10.6.2 Company snapshot
10.6.3 Operating business segments
10.6.4 Product portfolio
10.6.5 Business performance
10.6.6 Key strategic moves and developments
10.7 EMBARK
10.7.1 Company overview
10.7.2 Company snapshot
10.7.3 Operating business segments
10.7.4 Product portfolio
10.7.5 Business performance
10.7.6 Key strategic moves and developments
10.8 MAN SE
10.8.1 Company overview
10.8.2 Company snapshot
10.8.3 Operating business segments
10.8.4 Product portfolio
10.8.5 Business performance
10.8.6 Key strategic moves and developments
10.9 Nvidia
10.9.1 Company overview
10.9.2 Company snapshot
10.9.3 Operating business segments
10.9.4 Product portfolio
10.9.5 Business performance
10.9.6 Key strategic moves and developments
10.10 PACCAR Inc.
10.10.1 Company overview
10.10.2 Company snapshot
10.10.3 Operating business segments
10.10.4 Product portfolio
10.10.5 Business performance
10.10.6 Key strategic moves and developments
10.11 QUALCOMM
10.11.1 Company overview
10.11.2 Company snapshot
10.11.3 Operating business segments
10.11.4 Product portfolio
10.11.5 Business performance
10.11.6 Key strategic moves and developments
10.12 Scania
10.12.1 Company overview
10.12.2 Company snapshot
10.12.3 Operating business segments
10.12.4 Product portfolio
10.12.5 Business performance
10.12.6 Key strategic moves and developments
10.13 Tesla
10.13.1 Company overview
10.13.2 Company snapshot
10.13.3 Operating business segments
10.13.4 Product portfolio
10.13.5 Business performance
10.13.6 Key strategic moves and developments
10.14 TUSIMPLE
10.14.1 Company overview
10.14.2 Company snapshot
10.14.3 Operating business segments
10.14.4 Product portfolio
10.14.5 Business performance
10.14.6 Key strategic moves and developments
10.15 WAYMO
10.15.1 Company overview
10.15.2 Company snapshot
10.15.3 Operating business segments
10.15.4 Product portfolio
10.15.5 Business performance
10.15.6 Key strategic moves and developments

Executive Summary

According to this report, titled, 'Autonomous Mining Truck Market,' the autonomous mining truck market is expected to be valued at $1.6 billion in 2025, and is estimated to reach $12.5 billion by 2035, growing at a CAGR of 23.2% from 2025 to 2035.

Asia-Pacific region is expected to dominate the market in terms of revenue, followed by Europe, North America, and LAMEA. The increasing demand for automated mining equipment with advanced safety application in Asia-Pacific region is driving the growth of autonomous mining truck market in the region.

There are prominent key factors that drive the growth of the autonomous mining truck market, such as increase in demand for smart mining, and rise in demand for technologically advanced mining equipment. The market economy is also responsible for the growth of the market. Countries such as China, India, Brazil, and South Africa are developing economies. Thus, the construction and mining sector witnesses’ prominent growth in these countries, which is expected to provide lucrative opportunities for the growth of the mining equipment industry. This in turn is expected to fuel the market. Also, in some undeveloped countries, there is an increase in the R&D expenditure for autonomous vehicle, which is expected to boost the autonomous mining truck industry.

The autonomous mining truck market is segmented on the basis of size, propulsion, level of autonomy, type, and region. On the basis of size, it is divided into small, medium, and large. On the basis of propulsion, it is segmented into diesel, and electric & hybrid. By level of autonomy, the market is divided into Level 1 & 2, Level 3, and Level 4 & 5. By type, the market is divided into underground LHD loaders, autonomous hauling trucks, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific and LAMEA.

COVID-19 Impact Analysis

The COVID-19 impact on the automotive industry is unpredictable, and is expected to remain in force for a few years. The COVID-19 outbreak forced governments across the globe to implement stringent lockdowns and ban import-export of essential raw material items for most of 2020, and few months in 2021. This led to sudden decline in availability of important raw materials for vehicle components.

Further, the mining companies should quickly disintegrate all expenditure into what can be stopped, what must be sustained, what can be stalled, and what can be shrunk. With this done, they can prepare a control tower methodology to assess and challenge all of the expenditure regions. In addition, they should mitigate and identify susceptibilities amidst the complexity of their logistics, supplier-network, and products. Moreover, the usage of advanced analytics will additionally escalate the success of hedging strategies intended at apprehending the advantage of today’s rare commodities opportunities.

The COVID-19 pandemic not only affected operations of the automotive and transportation industry, but the economic crisis also led to reduction in expenditure on next-generation technologies, for instance, autonomous mining tuck market.

Before COVID-19, the mining industry witnessed continuous growth. Governments all around the globe were focusing on supporting for autonomous vehicles and related technologies. However, adverse impacts of the COVID-19 pandemic have resulted in interruption in activities and initiatives regarding development of autonomous vehicles.

KEY FINDINGS OF THE STUDY

By size, the large segment is expected to register a significant growth during the forecast period.

By propulsion, the electric & hybrid segment is projected to lead the global autonomous mining truck market

By level of autonomy, the Level 4 & 5segment is projected to lead the global autonomous mining truck market

By type, the underground LHD loaders segment is projected to lead the global autonomous mining truck market
Region-wise, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.

The key players that operate in this autonomous mining truck market are AB Volvo, Aptiv, Continental AG, Daimler Truck AG, DENSO Corporation, Embark Truck Inc., MAN SE, Nvidia Corporation, PACCAR Inc., Qualcomm Technologies Inc., Robert Bosch GmbH, SCANIA, Tesla Inc., Tusimple Holdings Inc., and Waymo Llc.

Companies Mentioned

  • Daimler AG
  • Ab Volvo
  • Aptiv
  • Bosch Ltd.
  • Continental AG
  • Denso Corporation
  • Embark
  • Man SE
  • Nvidia
  • Paccar Inc.
  • Qualcomm
  • Scania
  • Tesla
  • Tusimple
  • Waymo

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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