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The Indian Truck & Bus Fleet Summit 2024 was held recently on February 24 in Hyderabad. A decrease in Cowl chassis is expected due to the AC mandate, but an alternative view suggests that cowl chassis may persist as some manufacturers will provide AC kits to cowl builders.
Autonomous trucks have long been seen as the solution to overburdened road freight networks and inefficient logistics chains. Our forecasts indicate that Level 4 autonomous trucks – if commercialized as anticipated by 2024-2025 – have the potential to transport about ~22% of the annual freight tonnage in the US by 2040.
Innovative exhibits at CES 2024 emphasize the intensifying competition amid projections of a nearly $10 billion opportunity within the next 4-5 years. At CES 2024, we got to see innovative telematics solutions aimed at making the driving experience safer, smarter, and more streamlined.
Innovative Technologies to Transform Market Dynamics Several key trends are expected to influence the connected truck telematics market in 2024 and beyond. Innovative Technologies to Transform Market Dynamics Several key trends are expected to influence the connected truck telematics market in 2024 and beyond.
In 2024, advanced markets such as North America and Europe are projected to experience a decline in truck sales due to excess capacity and a sluggish freight sector. eCommerce, Customization, and Micromobility Trends in the LCV Market Several trends are set to shape the global LCV market in 2024 and beyond. of sales in 2023.
Truck automation shows steady progress at CES 2024 with promise of exciting market launches. Autonomous driving (AD) and advanced driver assistance systems (ADAS) for trucks were in the spotlight at CES 2024. Kodiak has an order of 800 autonomous trucks from the freight company Loadsmith, which was announced in 2023.
Hydrogen Internal Combustion Engine (H2ICE) trucks offer the global freight industry a path to transition to low emissions, while avoiding the infrastructural challenges associated with BEVs. By balancing investments across H2ICE, FCEVs, and BEVs, manufacturers can navigate industry shifts while maintaining technological leadership.
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