Global Autonomous Off-Highway Equipment Growth Opportunities

Global Autonomous Off-Highway Equipment Growth Opportunities

Cross-industry Collaboration, Bundling of Services, and Public and Private Sector Synergies will be Important

RELEASE DATE
07-Dec-2021
REGION
North America
Research Code: K6BC-01-00-00-00
SKU: AU02258-NA-MT_26042
$4,950.00
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Description

The ability to handle extreme loads, continuous 24/7 operation, and safety are driving the development of autonomous technologies for off-highway equipment. Development of automation will move faster here than in the on-highway space mainly because of the standardized and often-isolated mining, construction, and agricultural operating environment combined with labor shortages and higher operating costs overall. Autonomous off-highway equipment probably will hit the market even before self-driving cars do, reversing a trend in which off-highway equipment followed automotive by 10 years in technology adoption.

At least 43 companies have operated or are operating autonomous equipment through on-site trials and pilots. Through staged retrofitting, site operators and integration leaders will approach autonomy in a paced manner, with mining applications as initial adopters (driven by mining haul trucks). Earth-moving construction equipment and tractors also will be ideal for autonomous operation. Further cooperation between industry associations, governments, and OEMs will accelerate the development of regulatory mandates, while OEM synergies with Tier I suppliers and tech companies will significantly drive down costs and increase competitiveness with conventional equipment. Collaboration between established stakeholders and new-age tech companies is already happening and will become more common.

Equipped with retrofit kits and more pilot results, OEMs will be more successful in convincing potential customers of the benefits of autonomous machines. Labor shortages, higher fuel prices, and increasing operational costs will force companies to accelerate the pace of advancement and explore various formulas to upgrade technology. Increased efficiency and utilization and lower operational costs will be prioritized, which will influence technology choice and purchase patterns.

Author: Krishna Achuthan

RESEARCH: INFOGRAPHIC

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Table of Contents

Why Is It Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top Three Strategic Imperatives on the Autonomous Off-highway Equipment Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Key Findings

Autonomous Off-highway Ecosystem

Levels of Automation

Autonomous Off-highway Equipment Parc

Scope of Analysis

Market Segmentation

Top Competitors

Autonomous Vehicle Initiatives

ISO Framework

ISO Framework (continued)

International Electrotechnical Commission (IEC) Framework

US Autonomous Technology Administrative Efforts

Canadian Automated and Connected Vehicles Safety Framework

European Guidelines on Automated Vehicles

European Type Approval and Directives for Machinery

Chinese Autonomous Solutions Development Framework

AI Venture Capital Investments

AI Venture Capital Investment Breakdowns

US Autonomous Off-highway Initiatives

Canadian Autonomous Off-highway Initiatives

European Autonomous Off-highway Initiatives

EU Member States’ Autonomous Off-highway Initiatives

UK Autonomous Off-highway Initiatives

Chinese Autonomous Off-highway Initiatives

Other Autonomous Off-highway Initiatives

Functional Block Diagram of Autonomous Operation

Autonomous Equipment Mechanism

Construction/Mining Autonomous Operation Schematics

Agricultural Autonomous Operation—Case Study: OMNiDRIVE

Agriculture—Levels of Automation

Autonomous Off-highway Equipment Components

Growth Drivers

Growth Restraints

OEM Launch Roadmap—North America

OEM Launch Roadmap—North America (continued)

OEM Launch Roadmap—Europe

OEM Launch Roadmap—Europe (continued)

OEM Launch Roadmap—Europe (continued)

OEM Launch Roadmap—China

OEM Launch Roadmap—Rest of World

OEM Launch Roadmap—Rest of World (continued)

OEM Launch Roadmap—Rest of World (continued)

Autonomous Off-highway Ecosystem

Autonomous Off-highway Equipment Parc

Market Opportunities by Region

Market Opportunities by Industry

Market Forecast

Forecast Methodology

Growth Opportunity 1—Regulatory Mandates, Specification Standards, and Liability

Growth Opportunity 1—Regulatory Mandates, Specification Standards, and Liability (continued)

Growth Opportunity 2—Cross-industry Collaboration

Growth Opportunity 2—Cross-industry Collaboration (continued)

Growth Opportunity 3—Application Areas and Use Cases

Growth Opportunity 3—Application Areas and Use Cases (continued)

Strategic Imperatives for Success and Growth

Key Takeaways

Your Next Steps

Why Frost, Why Now?

List of Exhibits

Legal Disclaimer

Related Research
The ability to handle extreme loads, continuous 24/7 operation, and safety are driving the development of autonomous technologies for off-highway equipment. Development of automation will move faster here than in the on-highway space mainly because of the standardized and often-isolated mining, construction, and agricultural operating environment combined with labor shortages and higher operating costs overall. Autonomous off-highway equipment probably will hit the market even before self-driving cars do, reversing a trend in which off-highway equipment followed automotive by 10 years in technology adoption. At least 43 companies have operated or are operating autonomous equipment through on-site trials and pilots. Through staged retrofitting, site operators and integration leaders will approach autonomy in a paced manner, with mining applications as initial adopters (driven by mining haul trucks). Earth-moving construction equipment and tractors also will be ideal for autonomous operation. Further cooperation between industry associations, governments, and OEMs will accelerate the development of regulatory mandates, while OEM synergies with Tier I suppliers and tech companies will significantly drive down costs and increase competitiveness with conventional equipment. Collaboration between established stakeholders and new-age tech companies is already happening and will become more common. Equipped with retrofit kits and more pilot results, OEMs will be more successful in convincing potential customers of the benefits of autonomous machines. Labor shortages, higher fuel prices, and increasing operational costs will force companies to accelerate the pace of advancement and explore various formulas to upgrade technology. Increased efficiency and utilization and lower operational costs will be prioritized, which will influence technology choice and purchase patterns. Author: Krishna Achuthan
More Information
No Index No
Podcast No
Author Krishna Achuthan
Industries Automotive
WIP Number K6BC-01-00-00-00
Is Prebook No
GPS Codes 9673-A6,9800-A6,9807-A6,9813-A6,9B01-A6,9963-A6,9B13-A6