ABI: Autonomous yard truck market set to grow
03 October 2023
THE MARKET will grow at a CAGR of 52.7% to 2030 as supply chain digitalisation attentions turn to the warehouse yard, says ABI Research.
From management systems to Artificial Intelligence (AI) enabled cameras to autonomous vehicles, adoption of technologies in the yard is expected to grow considerably over the next 10 years.
According to ABI Research, the installed base of AI enabled cameras in the yard will reach 11.2 million globally by 2030, and the uptake of autonomous yard trucks will rise significantly at a global CAGR of 52.7% from 2022 to 2030.
“Yards surrounding warehouses, distribution centres, and manufacturing facilities are becoming the new stomping ground for established supply chain solution providers as they diversify into Yard Management Systems (YMS) and join a growing number of emerging companies focusing on automating yard trailer movements and live asset tracking. In a bid to digitalize and update yard operations, installations of yard systems, enabling tracking technologies, and autonomous tractors are expected to rise considerably in the short to medium term,” explains ABI Research industry analyst Ryan Wiggin.