Product Code: CMI6109
The global autonomous vehicle market size was valued at US$ 104.47 Billion in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 39.9% from 2023 to 2030.
Report Coverage |
Report Details |
Base Year: |
2022 |
Market Size in 2023: |
US$ 104.47 Bn |
Historical Data for: |
2018 to 2021 |
Forecast Period: |
2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: |
39.90% |
2030 Value Projection: |
US$ 1529.69 Bn |
Autonomous cars, also known as driverless cars, are a revolutionary advancement in automation and communication technology. These vehicles can operate without the need for human input, owing to advanced sensor-processing technologies, adaptive algorithms, high-definition mapping, and infrastructure-to-vehicle and vehicle-to-vehicle communication technologies. Driverless cars are a great way to reduce traffic congestion, fuel consumption, and emissions as they can accelerate and decelerate when needed. This makes them more efficient than conventional vehicles and improves the utilization of limited land resources. They can also reduce the time commuters spend in transit and make travelling easier and comfortable. These benefits are encouraging consumers to shift towards buying autonomous vehicles.
Market Dynamics:
Increased energy savings offered by autonomous vehicle is expected to fuel growth of the global autonomous vehicle market over the forecast period. Key players are focusing on inorganic growth strategies such as collaboration, partnership, merger & acquisition, and regional expansion to strengthen their position in the industry. This trend is likely to boost growth of the market over the forecast future.
However, there are a few factors that will restrict the growth of this market in the coming years. The high cost associated with developing autonomous vehicles is one such factor. This is especially true for developing nations that are currently lacking in advanced infrastructure. Moreover, consumer concerns about security and safety are another factor that may limit the adoption of self-driving vehicles.
Key features of the study:
- This report provides in-depth analysis of the global autonomous vehicle market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global autonomous vehicle market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Audi AG, BMW AG, Daimler AG (Mercedes Benz), Ford Motor Company, General Motors, Google LLC, Honda Motor Corporation, Nissan Motor Company, Tesla, Inc., Toyota Motor Corporation, Uber Technologies, Inc., and Volvo Car Corporation
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global autonomous vehicle market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global autonomous vehicle market
Detailed Segmentation:
- Global Autonomous Vehicle Market, By Application:
- Transportation
- Commercial
- Industrial
- Defense
- Global Autonomous Vehicle Market, By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
- Company Profile:
- Audi AG
- BMW AG
- Daimler AG (Mercedes Benz)
- Ford Motor Company
- General Motors
- Google LLC
- Honda Motor Corporation
- Nissan Motor Company
- Tesla, Inc.
- Toyota Motor Corporation
- Uber Technologies, Inc.
- Volvo Car Corporation
- Volkswagen AG
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Autonomous Vehicle, By Application
- Market Autonomous Vehicle, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Increasing need for road safety
- Higher energy savings by autonomous vehicles
- Concerns around cyber-security and vehicle safety
- Lack of infrastructure in emerging nations
- Rise in technological developments by OEMs
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product launch/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
4. Autonomous Vehicle Market - Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
5. Autonomous Vehicle Market , By Application, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- Transportation
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- Commercial
- Industrial
- Defense
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
6. Autonomous Vehicle Market , By Region, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, By Country, 2023and 2030 (%)
- Y-o-Y Growth Analysis, For Country 2018-2030
- Country Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030,(US$ Bn)
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030,(US$ Bn)
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030,(US$ Bn)
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030,(US$ Bn)
- Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030,(US$ Bn)
7. Competitive Landscape
- Audi AG
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- BMW AG
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Daimler AG (Mercedes Benz)
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Ford Motor Company
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- General Motors
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Google LLC
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Honda Motor Corporation
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Nissan Motor Company
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Tesla, Inc.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Toyota Motor Corporation
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Uber Technologies, Inc.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Volvo Car Corporation
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Volkswagen AG
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Analyst Views
8. Section
- Research Methodology
- About us