Logistics article(s)
DP World to launch US$2.5B logistics infrastructure investment in 2025
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CK Hutchison sells int'l ports business to BlackRock, MSC for US$22.8B
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Neutral Air Partner launches NAPay with CargoWALLET
HKIA accelerates investments in infrastructure, digitalization
DHL moves to grab larger slice of returns
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Port Klang launches Kale's Malaysia Maritime Single Window
Rating
AUTONOMOUS YARD TRUCKS TO GROW AT A CAGR OF 52.7% TO 2030
September 12, 2023

Bringing yards up to speed with warehouse and transport digitalization is driving the adoption of established supply chain technologies to help track, allocate, and optimize assets in the yard.

 

According to global technology intelligence firm ABI Research, the installed base of Artificial Intelligence (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," said Ryan Wiggin, industry analyst at ABI Research.

 

"In a bid to digitalize and update yard operations,  instalments of yard systems, enabling tracking technologies, and autonomous tractors are expected to rise considerably in the short to medium term," he added.

 

To enable tracking and visibility of assets and workers in the yard, handheld devices and AI-enabled yard cameras will see increasing deployments in yards globally, growing at a CAGR of 13.0% and 14.8%, respectively, from 2022 to 2030.

 

ABI Research said autonomous and teleoperated yard trucks remain nascent, but recent investment rounds, partnerships, and successful proof-of-concept (POC) projects indicate an interest and use case for the technology.

 

"Advancements in AI are breaking down many of the limitations faced by technologies in outdoor environments. Advanced computing power helps to process data from camera feeds, identify trailers and equipment, and guide autonomous vehicles safely. Where certain technologies couldn’t operate before, AI has helped unlock new use cases and will continue to drive solution adoption within yards," Wiggins added.

 

The findings are from ABI Research's Yard Digitalization Market Data report.

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