Autonomous Construction Equipment Market Size & Share, by Type (Partial/Semi-Autonomous, Fully Autonomous); Product Type (Earth Moving Equipment, Material Handling Equipment, Concrete, Road Construction Equipment); Application (Road Construction, Building Construction) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035
Royal Truck & Equipment stated to provide an autonomous truck-mounted attenuator (ATMA) truck to the University of Tennessee Centre for Transportation Research for a pilot demonstration. TMA trucks are usually parked behind road construction personnel to shield them from distracted or intoxicated drivers in the case of an accident and remove the need for a human to operate a vehicle.
Komatsu Ltd. a manufacturer of global heavy equipment, revealed that the FrontRunner Autonomous Haulage System (AHS) has obtained certification to function on private long-term evolution (LTE) mobile broadband technology. This is the first AHS in the mining sector that can operate on private LTE in commercial operations, paving the door for extremely high system availability.
Author Credits: Rushikesh, Richa Gupta
Report ID: 4818
Published Date: Apr 13, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The growing cases of work-related accidents and increasing environmental awareness are some of the major factors anticipated to drive the growth of the autonomous construction equipment market.
The market is anticipated to attain a CAGR of ~19% over the forecast period, i.e., 2023-2035.
The major players in the market are Komatsu Ltd., Caterpillar Inc., Hitachi Construction Machinery Co. Ltd., Volvo Construction Equipment, Built Robotics Inc., Royal Truck & Equipment Case Construction Equipment, and others.
The partial/semi-autonomous segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The market in Asia Pacific is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.