Global Autonomous Vehicle Market was valued at 20.3 Million Units in 2021, and it is expected to reach 55.12 Million Units by 2029, exhibiting a CAGR of 13.3 % during the forecast period (2022-2029)
Autonomous Vehicle Market Overview
The Autonomous Vehicle Market’s drivers, restraints, technical advancements, product developments, market opportunities, restrictions, growth strategies, and market prospects, as well as the forecast period, has been covered in the report in detail. The report offers an in-depth look at the Autonomous Vehicle industry, including key figures such as Autonomous Vehicle market size, market share, revenue growth, and CAGR for the forecast period (2020 to 2029).
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Autonomous Vehicle Market Report Scope and Research Methodology
The Autonomous Vehicle market report covers the competitive landscape, recent development trends, and the growth status of key regions. It provides the market size, percentage share and product cost of the Autonomous Vehicle industry with the growth aspects of various industry sectors and predicts the growth rate forecast from 2021 to 2029. The Autonomous Vehicle market report includes information on value & volume based of various segments and their sub-segments. A detailed global Autonomous Vehicle market overview including market valuation, profits estimates, and market statistics is integral to the report. The report aims to help clients understand the competitive spectrum of the Autonomous Vehicle market. The competitive landscape in the report includes the progress of major players based on crucial parameters, including Autonomous Vehicle market share, new developments, global reach, local competition, production, and price. The report provides an in-depth analysis of the competition in the global Autonomous Vehicle market. SWOT analysis was conducted to provide the strengths and weaknesses of the Autonomous Vehicle market while the bottom-up approach was used to estimate the market size (global and regional markets).
Autonomous Vehicle Market Regional Insights
The study includes a region-wise detailed analysis of the Autonomous Vehicle market. It demonstrates how the most significant regional divides, such as North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa, have global influence.
Autonomous Vehicle Market Segmentation
This market is divided into two categories, semi-autonomous and fully autonomous, based on kind. The majority of the global market is controlled by the semi-autonomous automotive industry. Based on the extent of automation, the markets for semi-automatic and self-driving automobiles have been divided (at levels 1, 2, and 3, respectively). The market’s semi-autonomous sector’s level 2 and level 3 automation is anticipated to advance the fastest. Although it now has a moderate acceptance rate, level 2’s penetration rate is much higher than level 1’s due to increased technical advancement.
Intelligent park assist and adaptive cruise control are two examples of ADAS technologies in semi-autonomous vehicles. The automatic emergency braking and intelligent park assist sub-segments are anticipated to grow the fastest in the market due to government mandates for the adoption of driver assistance technologies. The National Highway Traffic Safety Agency (NHTSA) predicts that by the end of 2022, autonomous emergency braking systems will be prevalent in cars.
According to Mobility Type, it is anticipated that the commercial (shared) mobility segment will expand at the quickest rate during the projected period. Ride-sharing, robotic taxis, the transportation of goods, and other business activities are all included in the area of commercial mobility. It is anticipated that the introduction of robo-taxis will create new problems for the mobility as a service model or for car ownership. Traditional and robotic taxi manufacturers are integrating new manufacturing techniques. With robo-taxis, cars are put through greater testing than in large transport vehicles. One of the first companies to start charging for journeys in its self-driving Waymo One car with backup drivers was Waymo. Thousands of Chrysler Pacifica minivans have been delivered to Waymo by Chrysler.
Level 4 and level 5 autonomous vehicles will be used for shared transportation. Numerous businesses are now investing in the creation of autonomous vehicles, including robo-taxis, for use in ride-sharing, ride-hailing, and car-sharing. A robo-taxi combines the advantages of an autonomous vehicle with e-cab hailing services by operating without a driver and focusing on Mobility as a Service (MaaS). Lowered ownership costs and improved fleet management are anticipated. It would offer a reliable, practical, and economical mode of transportation. Many OEMs worked with suppliers of autonomous driving systems and fleet management to provide robo-taxi services. The robo-taxi industry may first use electrically driven vehicles since the majority of improvements in the field of electric cars may be witnessed.
Autonomous Vehicle Market Key Players
• Delphi
• Ford Motors
• Tesla
• Alphabet
• Intel
• Daimler Group
• Baidu
• Google
• Volkswagen
• Jaguar
• BMW
• General Motors
• Toyota
• AB Volvo
• Autoliv
• Bosch
• Renault-Nissan-Mitsubishi alliance
• Audi AG
• General Motors Company
• Honda Motor Co., Ltd.
• Nissan Motor Company
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Key Questions answered in the Autonomous Vehicle Market Report are:
- What is the sales value, production value, consumption value, import and export of Autonomous Vehicle globally (North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major players in the Autonomous Vehicle Industry on a worldwide scale?
- What is the state of business of Autonomous Vehicle market players? (capacity, production, sales, pricing, cost, gross, and revenue)?
- What are the market opportunities and restraints for Autonomous Vehicle suppliers in the global Autonomous Vehicle industry?
- Which application, end-user, or product category might be looking for new growth opportunities? What is each type’s and application’s Autonomous Vehicle market share?
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by segments with their sub-segments and Region
- Competitive Landscape – Top Key Players and Other Prominent Players
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