Automotive Frost Radar™: US Light and Medium Duty Trucking Autonomous Technology Market, 2022

A Benchmarking System to Spark Companies to Action - Innovation that Fuels New Deal Flow and Growth Pipelines

INDUSTRY
Automotive

RELEASE DATE
18-Jul-2022
REGION
North America
DELIVERABLE TYPE
Frost Radar

RESEARCH CODE
PD45-01-00-00-00
SKU
AU02371-NA-MR_26729
Yes
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Frost Radar™: US Light and Medium Duty Trucking Autonomous Technology Market, 2022
Published on: 18-Jul-2022 | SKU: AU02371-NA-MR_26729

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Autonomous trucks are the next logical step to overcome logistics bottlenecks and to keep pace with the rapidly changing freight carriage ecosystem. Unlike human drivers that must limit their operating hours to remain safe, autonomous systems can operate trucks consistently 24x7, effectively increasing commodity flow in the freight value system.

The pivot toward autonomous trucking is fostered largely by increasing consumer commodity consumption, technological advances, safety considerations, and continual effort to improve business efficiency; the pivot will progress as regulations emerge to establish legal and operational direction. Level 4 and above autonomous trucks will influence new business models such as Truck-as-a-Service and usage-based and on-demand services in the freight transportation industry.

Global logistics and retail giants have strategized to improve their freight-handling efficiency, decrease delivery time, and reduce their overall carbon footprint. With trends such as same-day delivery; free-of-cost delivery; and automated store management, distribution, and dispatch, companies are piloting several disruptive technologies that are differentiated from traditional goods management methodologies.
Several leading OEMs have taken initiatives to develop and test their automotive autonomous technologies, while some have invested in emerging technology start-ups. Competition is rising exponentially, with start-ups and retrofit solution providers participating alongside traditional original equipment manufacturers (OEMs).

Retailing giants are exploring advanced technologies to increase efficiency within their supply chain. Collaboration with these emerging companies toward technological and deployment progress creates opportunities to tap into emerging businesses and to maintain a lead during the transition.

The Frost Radar™ reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar™ methodology. The document presents competitive profiles on each of the companies in the Frost Radar™ based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in an industry and benchmarks them across 10 criteria on the Frost Radar™, where the leading companies in the industry are then positioned.


Author: Jagadesh Chandran

The Strategic Imperative

The Strategic Imperative (continued)

The Strategic Imperative (continued)

The Growth Environment

The Growth Environment (continued)

Frost Radar™: US Light and Medium Duty Trucking Autonomous Technology Market

Frost Radar™: Competitive Environment

Frost Radar™: Competitive Environment (continued)

Frost Radar™: Competitive Environment (continued)

Boxbot

Cruise

Gatik AI

Nuro

Robomart

Udelv

Waymo Via

Strategic Insights

Significance of Being on the Frost Radar™

Frost Radar™ Empowers the CEO’s Growth Team

Frost Radar™ Empowers Investors

Frost Radar™ Empowers Customers

Frost Radar™ Empowers the Board of Directors

Frost Radar™: Benchmarking Future Growth Potential

Frost Radar™: Benchmarking Future Growth Potential

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Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform

Growth Index

Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.

  • Market Share (previous 3 years)
    This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years.
  • Revenue Growth (previous 3 years)
    This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™.
  • Growth Pipeline
    This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities.
  • Vision and Strategy
    This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision?
  • Sales and Marketing
    This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.

Innovation Index

Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.

  • INNOVATION SCALABILITY
    This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals.
  • RESEARCH AND DEVELOPMENT
    This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline.
  • PRODUCT PORTFOLIO
    This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue.
  • MEGATRENDS LEVERAGE
    This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline.
  • CUSTOMER ALIGNMENT
    This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.

Significance of Being on the Frost Radar™

Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.

  • GROWTH POTENTIAL
    Your organization has significant future growth potential, which makes it a Company to Action.
  • BEST PRACTICES
    Your organization is well positioned to shape Growth Pipeline™ best practices in your industry.
  • COMPETITIVE INTENSITY
    Your organization is one of the key drivers of competitive intensity in the growth environment.
  • CUSTOMER VALUE
    Your organization has demonstrated the ability to significantly enhance its customer value proposition.
  • PARTNER POTENTIAL
    Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.

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Impacting your company's future growth potential.

Autonomous trucks are the next logical step to overcome logistics bottlenecks and to keep pace with the rapidly changing freight carriage ecosystem. Unlike human drivers that must limit their operating hours to remain safe, autonomous systems can operate trucks consistently 24x7, effectively increasing commodity flow in the freight value system. The pivot toward autonomous trucking is fostered largely by increasing consumer commodity consumption, technological advances, safety considerations, and continual effort to improve business efficiency; the pivot will progress as regulations emerge to establish legal and operational direction. Level 4 and above autonomous trucks will influence new business models such as Truck-as-a-Service and usage-based and on-demand services in the freight transportation industry. Global logistics and retail giants have strategized to improve their freight-handling efficiency, decrease delivery time, and reduce their overall carbon footprint. With trends such as same-day delivery; free-of-cost delivery; and automated store management, distribution, and dispatch, companies are piloting several disruptive technologies that are differentiated from traditional goods management methodologies. Several leading OEMs have taken initiatives to develop and test their automotive autonomous technologies, while some have invested in emerging technology start-ups. Competition is rising exponentially, with start-ups and retrofit solution providers participating alongside traditional original equipment manufacturers (OEMs). Retailing giants are exploring advanced technologies to increase efficiency within their supply chain. Collaboration with these emerging companies toward technological and deployment progress creates opportunities to tap into emerging businesses and to maintain a lead during the transition. The Frost Radar™ reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar™ methodology. The document presents competitive profiles on each of the companies in the Frost Radar™ based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in an industry and benchmarks them across 10 criteria on the Frost Radar™, where the leading companies in the industry are then positioned. Author: Jagadesh Chandran
More Information
Deliverable Type Frost Radar
Author Jagadesh Chandran
Industries Automotive
No Index No
Is Prebook No
Podcast No
WIP Number PD45-01-00-00-00

Frost Radar™: US Light and Medium Duty Trucking Autonomous Technology Market, 2022

$4,950.00

Special Price $3,712.50 save 25 %

In stock
SKU
AU02371-NA-MR_26729