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The autonomous vehicles (AV) market is experiencing significant growth as technology advances and acceptance increases across various sectors. With a market size valued at over $42 billion in 2022, the sector is projected to grow at a compound annual growth rate of 21.9% through 2030. The mining industry is leading the charge in adopting self-driving vehicles, transitioning from specialized deployments to fully autonomous fleets for enhanced efficiency and cost reduction.
Key partnerships are forming to facilitate this transition, such as the collaboration between Volvo Autonomous Solutions and Boliden for self-driving transport in Sweden. In Australia, Scania and Regroup are set to launch the world's first fleet of autonomous mining trucks at Element 25's Butcherbird mine, marking a significant milestone in the industry. These advancements not only promise improved productivity and safety but also align with broader goals of decarbonization and sustainability in mining operations.
• Global AV market projected to grow at 21.9% CAGR from 2023 to 2030.
• Mining sector leads in adopting autonomous vehicles for efficiency and cost reduction.
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