Autonomous Vehicles Market

Global Autonomous Vehicles Market Share, Size, Analysis, Report, Forecast: By the Level of Automation: Level 1, Level 2, Level 3, Level 4, Level 5; By Application: Civil, Defence, Transportation and Logistics, Construction; By Drive Type: Semi-Autonomous, Fully Autonomous; By Vehicle Type; Regional Analysis; Competitive Landscape; 2023-2028

Global Autonomous Vehicles Market Outlook

The global autonomous vehicles market size reached a value of approximately USD 93.3 billion in 2022. The market is further expected to grow at a CAGR of 27.7% between 2023 and 2028, reaching a value of USD 427.9 billion by 2028.

 

Key Trends in the Market

Autonomous vehicles, also known as driverless vehicles, are vehicles that can operate without any human intervention. Sensors and other devices aid in detecting and responding to external surroundings and conditions to avoid accidents. Autonomous vehicles are considered to have superior safety features as compared to human-driven vehicles as they minimise fatigue and human errors.

 

  • Key autonomous vehicle market trends include rising requirement for efficient and safe modes of transportation. With growing number of accidents every year due to human errors and rash driving, the need for safe and reliable vehicles with advanced safety and danger detecting features is increasing.
  • Technological advancements including internet of things, machine learning, and artificial intelligence robotics are supporting the autonomous vehicles market growth. Increased application of radio detection and ranging sensing technology along with light detection and ranging sensing technology is also aiding the market.
  • Rising disposable incomes have increased the demand for luxury vehicles, this in turn is propelling the growth of the autonomous luxury vehicle market across the globe. Autonomous luxury vehicles increase the satisfaction level of consumers by providing enhanced safety, mobility, privacy, and comfort in the vehicle without need of a separate driver.
  • Major developments in mobility as a service and the accelerating preference of consumers for technologically advanced products is expected to boost the autonomous vehicle market size over the forecast period. Growing application of advanced driver assistance systems and adoption of autonomous ride sharing technology is also fuelling the expansion of the market.

 

autonomous vehicle market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Autonomous Vehicle Market Analysis

On the basis of level of automation, the market is segregated into level 1, level 2, level 3, level 4, and level 5. Based on application, the market is classified into civil, defence, transportation and logistics, and construction. On the basis of drive type, the market is bifurcated into semi-autonomous and fully autonomous. Based on vehicle type, the market is segregated into passenger car and commercial vehicle. the regional markets for autonomous vehicles are divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global autonomous vehicle market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

 

  • Tesla, Inc.
  • General Motors
  • Bayerische Motoren Werke AG
  • Toyota Motor Corporation
  • The Mercedes-Benz Group AG
  • Ford Motor Company
  • Zoox, Inc.
  • Volkswagen AG
  • Groupe Renault
  • Others

 

autonomous vehicle market by segments

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Autonomous Car Market Share by Automation

Level 3 automation accounts for a significant share of the market due to their advanced decision making and environment and threat detection capabilities, while also supporting manual takeover as needed. Level 3, also known as conditional driving automation, employs various artificial intelligence tools and driver assistance systems that aid in altering the path of the vehicle depending upon driving situation and traffic around the vehicle. Incorporation of traffic jam assistance technology in level 3 automotive vehicles are also expected to boost the demand for level 3 automation.

 

Autonomous Vehicle Market Share by Region

On the basis of region, North America accounts for a major share of the autonomous vehicle market owing to the growing popularity of driverless cars in the region. Launch of new products by key players in the region with enhanced features to improve the quality of the drive along with increased safety features are also aiding the growth of the regional market. According to the, growing initiatives taken by the governments in North America for autonomous vehicles are also fuelling the growth of the market in the region. Advancements in automated transportation technologies due to increasing research and development activities are further propelling autonomous vehicle market growth in North America.

 

autonomous vehicle market by region

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Competitive Landscape

Tesla, Inc. is a multinational automotive company that was founded in 2003 and is based in Texas, United States. Their mission is to expedite the adoption of sustainable energy in order to reduce the reliance on fossil fuels and achieve a zero-emission future. Tesla manufactures a range of popular electric cars and also offers solar roofs, solar panels, power walls, and insurance.

 

General Motors is an automotive manufacturing company that was established in 1908 and is headquartered in Michigan, United States. One of the largest automakers across the globe, General Motors focuses on electrification, vehicle safety, and social impact, with a vision for autonomous vehicles. Some of the major brands of General Motors include Buick, Cadillac, Chevrolet, and GMC.

 

Bayerische Motoren Werke AG is a leading luxury vehicle company that was founded in 1916 and is based in Munich, Germany. With over 30 production sites, the company has a sales network spanning over 140 countries. Apart from manufacturing motorcycles and automobiles, they also provide premium mobility and financial services.

 

Other market players include Toyota Motor Corporation, The Mercedes-Benz Group AG, Ford Motor Company, Zoox, Inc., Volkswagen AG, and Groupe Renault, among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Level of Automation
  • Application
  • Drive Type
  • Vehicle Type
  • Region
Breakup by Level of Automation
  • Level 1
  • Level 2
  • Level 3
  • Level 4
  • Level 5
Breakup by Application
  • Civil
  • Defence
  • Transportation and Logistics
  • Construction
Breakup by Drive Type
  • Semi-Autonomous
  • Fully Autonomous
Breakup by Vehicle Type
  • Passenger Car
  • Commercial Vehicle
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Tesla, Inc.
  • General Motors
  • Bayerische Motoren Werke AG
  • Toyota Motor Corporation
  • The Mercedes-Benz Group AG
  • Ford Motor Company
  • Zoox, Inc.
  • Volkswagen AG
  • Groupe Renault
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Autonomous Vehicle Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Autonomous Vehicle Historical Market (2018-2022) 
    8.3    Global Autonomous Vehicle Market Forecast (2023-2028)
    8.4    Global Autonomous Vehicle Market by the Level of Automation
        8.4.1    Level 1
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Level 2
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Level 3
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
        8.4.4    Level 4
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2018-2022)
            8.4.4.3    Forecast Trend (2023-2028)
        8.4.5    Level 5
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2018-2022)
            8.4.5.3    Forecast Trend (2023-2028)
    8.5    Global Autonomous Vehicle Market by Application
        8.5.1    Civil
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Defence
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Transportation and Logistics
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Construction
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2018-2022)
            8.5.4.3    Forecast Trend (2023-2028)
    8.6    Global Autonomous Vehicle Market by Drive Type
        8.6.1    Semi-Autonomous
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Fully Autonomous
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
    8.7    Global Autonomous Vehicle Market by Vehicle Type
        8.7.1    Passenger Car
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022)
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Commercial Vehicle
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022)
            8.7.2.3    Forecast Trend (2023-2028)
    8.8    Global Autonomous Vehicle Market by Region
        8.8.1    North America
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2018-2022) 
            8.8.1.3    Forecast Trend (2023-2028)
        8.8.2    Europe
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2018-2022) 
            8.8.2.3    Forecast Trend (2023-2028)
        8.8.3    Asia Pacific
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2018-2022) 
            8.8.3.3    Forecast Trend (2023-2028)
        8.8.4    Latin America
            8.8.4.1    Market Share
            8.8.4.2    Historical Trend (2018-2022) 
            8.8.4.3    Forecast Trend (2023-2028)
        8.8.5    Middle East and Africa
            8.8.5.1    Market Share
            8.8.5.2    Historical Trend (2018-2022) 
            8.8.5.3    Forecast Trend (2023-2028)
9    North America Autonomous Vehicle Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Autonomous Vehicle Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Autonomous Vehicle Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Autonomous Vehicle Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Autonomous Vehicle Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis  
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price  
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Tesla, Inc. 
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    General Motors 
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Bayerische Motoren Werke AG
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Toyota Motor Corporation
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    The Mercedes-Benz Group AG
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Ford Motor Company
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Zoox, Inc.
            16.2.7.1    Company Overview
            16.2.7.2    Product Portfolio
            16.2.7.3    Demographic Reach and Achievements
            16.2.7.4    Certifications
        16.2.8    Volkswagen AG 
            16.2.8.1    Company Overview
            16.2.8.2    Product Portfolio
            16.2.8.3    Demographic Reach and Achievements
            16.2.8.4    Certifications
        16.2.9    Groupe Renault
            16.2.9.1    Company Overview
            16.2.9.2    Product Portfolio
            16.2.9.3    Demographic Reach and Achievements
            16.2.9.4    Certifications
        16.2.10    Others   
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Autonomous Vehicle Market: Key Industry Highlights, 2018 and 2028  
2.    Global Autonomous Vehicle Historical Market: Breakup by Level of Automation (USD Million), 2018-2022
3.    Global Autonomous Vehicle Market Forecast: Breakup by Level of Automation (USD Million), 2023-2028
4.    Global Autonomous Vehicle Historical Market: Breakup by Application (USD Million), 2018-2022
5.    Global Autonomous Vehicle Market Forecast: Breakup by Application (USD Million), 2023-2028
6.    Global Autonomous Vehicle Historical Market: Breakup by Drive Type (USD Million), 2018-2022
7.    Global Autonomous Vehicle Market Forecast: Breakup by Drive Type (USD Million), 2023-2028
8.    Global Autonomous Vehicle Historical Market: Breakup by Vehicle Type (USD Million), 2018-2022
9.    Global Autonomous Vehicle Market Forecast: Breakup by Vehicle Type (USD Million), 2023-2028
10.    Global Autonomous Vehicle Historical Market: Breakup by Region (USD Million), 2018-2022
11.    Global Autonomous Vehicle Market Forecast: Breakup by Region (USD Million), 2023-2028
12.    North America Autonomous Vehicle Historical Market: Breakup by Country (USD Million), 2018-2022
13.    North America Autonomous Vehicle Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Europe Autonomous Vehicle Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Europe Autonomous Vehicle Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Asia Pacific Autonomous Vehicle Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Asia Pacific Autonomous Vehicle Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Latin America Autonomous Vehicle Historical Market: Breakup by Country (USD Million), 2018-2022
19.    Latin America Autonomous Vehicle Market Forecast: Breakup by Country (USD Million), 2023-2028
20.    Middle East and Africa Autonomous Vehicle Historical Market: Breakup by Country (USD Million), 2018-2022
21.    Middle East and Africa Autonomous Vehicle Market Forecast: Breakup by Country (USD Million), 2023-2028
22.    Global Autonomous Vehicle Market Structure

Key Questions Answered in the Report

The market size for autonomous vehicles reached a value of approximately USD 93.3 billion in 2022.

The market for autonomous vehicles is expected to grow at a CAGR of 27.7% between 2023 and 2028.

The market for autonomous vehicles is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 427.9 billion by 2028.

According to major drivers of the market include increasing consumer preference for autonomous vehicles and rising advancements in automotive technology.

The key trends fuelling the growth of the market include rising requirement for efficient and safe modes of transportation, technological advancements, and increasing demand for luxury autonomous vehicles.

The significant applications in the market are civil, defence, transportation and logistics, and construction.

The objectives of autonomous vehicle include identification of acceleration to apply on a given path, avoidance of obstacles that come in the way, and general adherence to safe driving protocols.

The various vehicle types in the market are passenger car and commercial vehicle.

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The key players in the global autonomous vehicles market are Tesla, Inc., General Motors, Bayerische Motoren Werke AG, Toyota Motor Corporation, The Mercedes-Benz Group AG, Ford Motor Company, Zoox, Inc., Volkswagen AG, and Groupe Renault, among others.

Analyst Review

 

 

 

Purchase Full Report

Mini Report

$ 2199     $1799
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$ 3199     $2999
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
most popular

Five User License

$ 4199     $3999
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$ 5199     $4999
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

NEWSLETTER