Autonomous Vehicle Market Size, Share, Sales, Analysis, Forecast By Vehicle Type (Passenger Vehicle and Commercial Vehicle), By Propulsion Type (Internal Combustion Engine (ICE) Vehicles, Battery Electric Vehicles (BEV), and Hybrid Vehicles), By Level of Anatomy (Semi-Autonomous Vehicles and Fully Autonomous Vehicles), Industry Competition & Player Profiles, 2023 – 2032
The Global Autonomous Vehicle Market size in terms of volume was estimated to be over 6 thousand units in 2019 and the expected CAGR through 2030 is 40%.
Increased investment in development of autonomous vehicles, proliferation of advanced communication technologies, emergence of 5G technology, and stringent regulations regarding fuel emissions are the key attributes governing the growth of the global autonomous vehicle market. With rising awareness regarding the benefits offered by autonomous vehicles, the autonomous vehicle sale is anticipated to gain traction during the forecast period. Different levels of autonomy are being featured by vehicles to facilitate different control functions. The autonomy levels are broadly classified into five levels i.e. level 1 to level 5. Wherein level 1 indicates that the advanced driver assistance system (ADAS) of a vehicle would support the driver in either breaking or accelerating or steering control. Whereas, level 5 autonomy indicates complete control over driving operations without any interference from driver.
Semi-autonomous vehicles, with autonomy in between level 1 and level 3, has witnessed prominent growth during past couple of years across the emerging countries owing to availability at affordable price points and increased disposable income. Autonomous vehicles offer multiple advantages over conventional vehicles such as supporting or monitoring the driver while driving and improved fuel efficiency, thus are gaining popularity globally. However, due to the existing COVID-19 pandemic, the manufacturing of automobiles has been disrupted. Additionally, changing consumer buying behavior due to uncertainties posed by COVID-19 is anticipated to impact the growth of market. The implementation of stringent regulations on vehicle emission control and environment protection are expected to expedite the growth of autonomous vehicles during the forecast period.
North America contributed a dominating share to the global autonomous vehicle market in 2019 owing to presence of leading automotive manufacturers and strong demand for semi-autonomous vehicles across the United States and Canada. Increased investment in electric and autonomous vehicle development is anticipated to contribute towards the growth of autonomous vehicle market during forecast period. Asia Pacific contributed a prominent share to the global market and is anticipated to be the fastest growing market during the forecast period owing to increasing investment in development of autonomous vehicles across leading countries.
Autonomous Vehicle Market Share Analysis, by Geography (2022)
The report titled “Autonomous Vehicle Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032” wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global autonomous vehicle market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global autonomous vehicle market is segmented on the basis of vehicle type, propulsion type, level of autonomy, and geography. Based on vehicle type, the global autonomous vehicle market is segmented into passenger vehicle and commercial vehicle. The commercial vehicle segment is further sub-segmented into light commercial vehicles and heavy commercial vehicles. Based on propulsion type, the global autonomous vehicle market is segmented into internal combustion engine (ICE) vehicles, battery electric vehicles (BEV), and hybrid vehicles. Based on level of autonomy, the global autonomous vehicle market is segmented into semi-autonomous vehicles and fully autonomous vehicles. Based on geography, the global autonomous vehicle market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on autonomous vehicle. Further, market share of prominent companies in the global autonomous vehicle market would also be estimated. The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the autonomous vehicle companies.
The global autonomous vehicle market study would take into consideration the participants engaged throughout the ecosystem of the market, along with their contribution. Product portfolio would focus on all the products under the autonomous vehicle business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global autonomous vehicle market. For instance, in the financial year 2019, BMW AG invested US$ 6,666.86 million in research and development in the electrification of vehicles, development of autonomous driving, and digitalization.
Major players active in the global autonomous vehicle market include Audi AG, BMW AG, Daimler AG, Ford Motor Company, General Motors Company, Google LLC, Honda Motor Company, Ltd., Nissan Motor Corporation, Tesla, Inc., Toyota Motor Corporation, Uber Technologies, Inc., Volkswagen AG, and Volvo Car Corporation.
Global Autonomous Vehicle Market is Segmentation:
By Component
- Passenger Vehicle
- Commercial Vehicle
- Light commercial vehicles
- Heavy commercial vehicles
By Propulsion Type
- Internal Combustion Engine (ICE) vehicles
- Battery Electric Vehicles (BEV)
- Hybrid vehicles
By Level of Anatomy
- Semi-autonomous vehicles
- Fully autonomous vehicles
By Geography
- North America
- United States
- Canada
- Rest of North America
- Europe
- Germany
- United Kingdom
- Belgium
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- India
- China
- Australia
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- Saudi Arabia
- Rest of Middle East & Africa
- South America
- Brazil
- Rest of South America
- Introduction
- Research Objectives
- Report Assumptions
- Research Methodology
- Abbreviations
- Preface
- Market Definition
- Report Scope and Market Segmentation
- Research Highlights
- Market Synopsis: Global Autonomous Vehicle Market
- Global Autonomous Vehicle Market Qualitative Analysis
- Ecosystem Analysis
- Role of participants
- Integration scenario
- Trends
- Market trends
- Technology Trends
- PESTLE Analysis (For 5 prominent countries)
- Market Influencers
- Driving Forces
- Hindering Forces
- Opportunities
- Autonomous Vehicle Statistics and Trends (Units), 2022
- United States
- Canada
- Germany
- United Kingdom
- Singapore
- China
- South Korea
- Key Policies relevant to Autonomous Vehicles
- Ecosystem Analysis
- Global Autonomous Vehicle Market Analysis and Forecast, by Level of Autonomy
- Overview and definitions
- Key segment analysis
- Global Autonomous Vehicle Market Estimates (US$ Mn, Units), by Level of Autonomy, 2029 – 2032
- Semi-autonomous vehicles
- Fully autonomous vehicles
- Global Autonomous Vehicle Market Analysis and Forecast, by Application
- Overview and definitions
- Key segment analysis
- Global Autonomous Vehicle Market Estimates (US$ Mn, Units), by Application, 2029 – 2032
- Transportation
- Defense
- Global Autonomous Vehicle Market Analysis and Forecast, by Region
- Overview and definitions
- Key segment analysis
- Global Autonomous Vehicle Market Estimates (US$ Mn), by Region, 2029 – 2032
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- North America Autonomous Vehicle Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- North America Autonomous Vehicle Market Estimates (US$ Mn, Units), by Level of Autonomy, 2029 – 2032
- Semi-autonomous vehicles
- Fully autonomous vehicles
- North America Autonomous Vehicle Market Estimates (US$ Mn, Units), by Application, 2029 – 2032
- Transportation
- Defense
- North America Autonomous Vehicle Market Estimates (US$ Mn), Country, 2029 – 2032
- The U.S.
- Canada
- Rest of North America
- Europe Autonomous Vehicle Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Europe Autonomous Vehicle Market Estimates (US$ Mn, Units), by Level of Autonomy, 2029 – 2032
- Semi-autonomous vehicles
- Fully autonomous vehicles
- Europe Autonomous Vehicle Market Estimates (US$ Mn, Units), by Application, 2029 – 2032
- Transportation
- Defense
- Europe Autonomous Vehicle Market Estimates (US$ Mn), Country, 2029 – 2032
- Germany
- United Kingdom
- Belgium
- Spain
- Rest of Europe
- Asia Pacific Autonomous Vehicle Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Asia Pacific Autonomous Vehicle Market Estimates (US$ Mn, Units), by Level of Autonomy, 2029 – 2032
- Semi-autonomous vehicles
- Fully autonomous vehicles
- Asia Pacific Autonomous Vehicle Market Estimates (US$ Mn, Units), by Application, 2029 – 2032
- Transportation
- Defense
- Asia Pacific Autonomous Vehicle Market Estimates (US$ Mn), Country, 2029 – 2032
- Japan
- India
- China
- Australia
- Rest of Asia Pacific
- Middle East & Africa Autonomous Vehicle Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Middle East & Africa Autonomous Vehicle Market Estimates (US$ Mn, Units), by Level of Autonomy, 2029 – 2032
- Semi-autonomous vehicles
- Fully autonomous vehicles
- Middle East & Africa Autonomous Vehicle Market Estimates (US$ Mn, Units), by Application, 2029 – 2032
- Transportation
- Defense
- Middle East & Africa Autonomous Vehicle Market Estimates (US$ Mn), Country, 2029 – 2032
- Saudi Arabia
- UAE
- Rest of Middle East
- South America Autonomous Vehicle Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- South America Autonomous Vehicle Market Estimates (US$ Mn, Units), by Level of Autonomy, 2029 – 2032
- Semi-autonomous vehicles
- Fully autonomous vehicles
- South America Autonomous Vehicle Market Estimates (US$ Mn, Units), by Application, 2029 – 2032
- Transportation
- Defense
- South America Autonomous Vehicle Market Estimates (US$ Mn), Country, 2029 – 2032
- Brazil
- Rest of South America
- Competition Analysis – Autonomous Vehicle Market
- Market Composition
- Market Share Analysis (%), by Supplier (2022)
- Company Profiles
- Audi AG
- Business overview
- Geographic presence
- Product portfolio
- Financial facts
- Channel partners
- Relevant news and strategic view
- BMW AG
- Daimler AG
- Ford Motor Company
- General Motors Company
- Google LLC
- Honda Motor Company, Ltd.
- Nissan Motor Corporation
- Tesla, Inc.
- Toyota Motor Corporation
- Uber Technologies, Inc.
- Volkswagen AG
- Volvo Car Corporation
- Audi AG
- Conclusion & Recommendations
Frequently asked questions about this report
What segments are covered in the Autonomous Vehicle market report?
The global Autonomous Vehicle market segmented on the basis of Component, By Propulsion Type, By Level of Anatomy and By Geography
what are the prominent Autonomous Vehicle market players across the globe?
Major players operating in the global Autonomous Vehicle market include Audi AG, BMW AG, Daimler AG, Ford Motor Company, General Motors Company, Google LLC, Honda Motor Company, Ltd., Nissan Motor Corporation, Tesla, Inc., Toyota Motor Corporation, Uber Technologies, Inc., Volkswagen AG, and Volvo Car Corporation..
What is the time duration considered while assessing the market?
The Autonomous Vehicle analysis market has been assessed for the years 2022 to 2032.