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
07-Dec-2021
North America
Market Research
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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
Deliverable Type | Market Research |
---|---|
No Index | No |
Podcast | No |
Author | Krishna Achuthan |
Industries | Automotive |
WIP Number | K6BC-01-00-00-00 |
Keyword 1 | Off-highway Vehicle Market |
Keyword 2 | Global Autonomous Off-Highway Equipment Growth |
Keyword 3 | autonomous vehicle technology |
Is Prebook | No |
GPS Codes | 9673-A6,9800-A6,9807-A6,9813-A6,9B01-A6,9963-A6,9B13-A6 |