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1108421

Europe Autonomous Cars Market, By Vehicle Autonomy, By Vehicle Type (Internal Combustion Engine, Hybrid Electric Vehicle, and Battery Electric Vehicle ), By Application, By Country Trend Analysis, Competitive Market Share & Forecast, 2018-2028

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Europe Autonomous Cars Market, By Vehicle Autonomy, By Vehicle Type (Internal Combustion Engine, Hybrid Electric Vehicle, and Battery Electric Vehicle ), By Application, By Country Trend Analysis, Competitive Market Share & Forecast, 2018-2028
Published: June 20, 2022
Blueweave Consulting & Research Private Limited
Content info: 114 Pages
Delivery time: 2-3 business days
  • Description
  • Table of Contents
  • List of Tables

Europe Autonomous Cars Market to Grow at a CAGR of 28.4% during Forecast Period

Europe Autonomous Cars Market is growing at a high CAGR owing to the urbanization and rising government support for vehicle safety, increasing adoption of Advanced Driver Assistance Systems (ADAS) in autonomous cars along with the investments in digital infrastructure…

A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the Europe Autonomous Cars Market is projected to grow at a CAGR of 28.4% by the end of 2028. The Europe Autonomous Cars Market is booming because of the rising disposable income of consumers and changing living standards. Also, the increasing preferences of consumers for luxury, high-quality, and comfort of self-drive cars to decline the burden of driving. Moreover, autonomous cars help to reduce the number of crashes on roads and decrease the chances of accidents which fuels their demand in the region. Furthermore, Europe Autonomous Cars Market is one of the most emerging markets that grow continuously owing to the fast integration of new technologies like the Internet of Things (IoT), Artificial Intelligence (AI), cloud computing, and others. However, the additional cost is associated with connectivity solution charges, telecommunication services, and hardware systems as well as high purchasing prices which may act as a huge restraining factor for the market growth.

Rising Urbanization and Technological Advancements Drive the Market Growth

The rising purchasing power of consumers, urbanization, and technological advancements act as major driving factors for the growth of the Europe Autonomous Cars Market. The escalation in demand for self-drive cars in European countries is due to their benefits such as the comfort to rest, reading, and working while traveling to make life easier. This acts as the key factor to attract consumers of all ages. Moreover, the increasing technological advancements and diversity in the automotive industry that introduced various autonomous cars is driving the market. Autonomous cars are a breakthrough technology after electric and hybrid cars. All these factors reinforce the Europe Autonomous Cars Market during the forecast period (2022-2028).

Growing Adoption of ADAS is Fueling the Market Growth

The rapid adoption of level 0 to level 2 Advanced Driver Assistance Systems (ADAS) in Europe is bolstering the growth of the Europe Autonomous Cars Market. The features of ADAS include braking assist, blind spot indication, lane-keeping assist, adaptive parking assist, and cruise control. The steady adoption of advanced technologies in software algorithms, sensors, processors, cameras, and mapping has improved the applicability of ADAS in cars. Moreover, ADAS systems improve vehicle safety by incorporating key driving assistance functions such as controlling speed and traction control. ADAS uses sensors in the vehicle to perceive the surrounding environment, and then either provide information to the driver or take automatic action based on what it perceives.

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Challenge: Vulnerability to Hacking and Other Cyber Attacks

Smart mobility is becoming increasingly essential, and autonomous cars are a crucial part of smart mobility. Autonomous cars have various features and are comprised of various constituents. These cars rely on connectedness to work. However, vulnerabilities in autonomous cars might damage the quality of life and human safety. This is challenging for the growth of the Europe Autonomous Cars Market during the forecast period (2022-2028).

Europe Autonomous Cars Market - By Application

Based on the application, the Europe Autonomous Cars Market is segmented into Personal and Commercial. The commercial segment dominates the market due to the deployment of fully autonomous vehicles in sharing services. Also, the introduction of robotaxis for ride-hailing purposes fuels the market growth. The growing availability of shared autonomous cars in the region is changing the car ownership scenario. Many people in the coming years are expected to use the sharing services frequently, thereby, boosting the adoption of autonomous cars in commercial applications. All these factors boost the Europe Autonomous Cars Market during the forecast period (2022-2028).

Regional Analysis

Geographically, the Europe Autonomous Cars Market is categorized into Germany, U.K., France, Italy, Spain, and the Rest of Europe. Germany accounts to hold the largest market share owing to the various manufacturers are introducing new car models for public purchase as well as for commercial purposes. These cars are equipped with advanced driver-assistance systems (ADAS) features, such as blind-spot detection, smart park assist, and an anti-lock braking system, making them an attractive option for consumers. Moreover, the availability of autonomous car infrastructure fuels market growth.

Impact of COVID-19 on Europe Autonomous Cars Market

The unprecedented COVID-19 pandemic negatively impacted the Europe Autonomous Cars Market. Initially, the market faced a huge decline due to a halt in the production and manufacturing of automobiles. As a result, many producers were forced to shut down their operations. Thus, both demand and supply in the Europe Autonomous Market declined significantly, negatively impacting the market growth in a short period. However, the market is expected to recover post the COVID-19 pandemic owing to the European government regulation on driving safety. This aids to fuel the demand for self-driving cars, resulting in propelling the growth of the Europe Autonomous Cars Market.

Competitive Landscape

The leading market players in the Europe Autonomous Cars Market are Tesla Inc., Daimler AG, Volkswagen Group, PSA Group, Renault Group, BMW Group, General Motors Company, Fiat Chrysler Automobiles N.V., Ford Motor Company, Toyota Motor Corporation, and others. The market is highly fragmented with the presence of several manufacturing companies in the country. The market leaders retain their supremacy by spending on research and development, incorporating cutting-edge technology into their goods, and releasing upgraded items for customers. Various tactics, including strategic alliances, agreements, mergers, and partnerships, are used.

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The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the Europe Autonomous Cars Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Europe Autonomous Cars Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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Table of Contents

1. Research Framework

  • 1.1. Research Objective
  • 1.2. Market Overview
  • 1.3. Market Segmentation

2. Research Methodology

  • 2.1. Qualitative Research
    • 2.1.1. Primary & Secondary Research
  • 2.2. Quantitative Research
  • 2.3. Market Breakdown & Data Triangulation
    • 2.3.1. Secondary Research
    • 2.3.2. Primary Research
  • 2.4. Assumption & Limitation

3. Executive Summary

4. Europe Autonomous Car Market Insights

  • 4.1. Industry Value Chain Analysis
  • 4.2. DROC Analysis
    • 4.2.1. Growth Drivers
    • 4.2.2. Restraints
    • 4.2.3. Opportunities
    • 4.2.4. Challenges
  • 4.3. Technological Landscape
  • 4.4. Recent Development
  • 4.5. Regulatory Framework
  • 4.6. Porter's Five Forces Analysis
    • 4.6.1. Bargaining Power of Suppliers
    • 4.6.2. Bargaining Power of Buyers
    • 4.6.3. Threat of New Entrants
    • 4.6.4. Threat of Substitutes
    • 4.6.5. Intensity of Rivalry

5. Europe Autonomous Car Market Overview

  • 5.1. Market Size & Forecast by Value & Volume, 2018-2028
    • 5.1.1. By Value (USD Million)
    • 5.1.2. By Volume (Thousand Units)
  • 5.2. Market Share & Forecast
    • 5.2.1. By Vehicle Autonomy
      • 5.2.1.1. Semi-Autonomous Car
      • 5.2.1.1.1. Level 1
      • 5.2.1.1.2. Level 2
      • 5.2.1.1.3. Level 3
      • 5.2.1.2. Fully Autonomous Car
      • 5.2.1.2.1. Level 4
      • 5.2.1.2.2. Level 5
    • 5.2.2. By Vehicle Type
      • 5.2.2.1. Internal Combustion Engine (ICE)
      • 5.2.2.2. Hybrid Electric Vehicle (HEV)
      • 5.2.2.3. Battery Electric Vehicle (BEV)
    • 5.2.3. By Application
      • 5.2.3.1. Personal
      • 5.2.3.2. Commercial
    • 5.2.4. By Country
      • 5.2.4.1. Germany
      • 5.2.4.2. U.K.
      • 5.2.4.3. France
      • 5.2.4.4. Italy
      • 5.2.4.5. Spain
      • 5.2.4.6. Rest of Europe

6. Germany Autonomous Car Market Overview

  • 6.1. Market Size & Forecast by Value & Volume, 2018-2028
  • 6.2. By Value (USD Million)
  • 6.3. By Volume (Thousand Units)
  • 6.4. Market Share & Forecast
    • 6.4.1. By Vehicle Autonomy
    • 6.4.2. By Vehicle Type
    • 6.4.3. By Application

7. U.K. Autonomous Car Market Overview

  • 7.1. Market Size & Forecast by Value & Volume, 2018-2028
  • 7.2. By Value (USD Million)
  • 7.3. By Volume (Thousand Units)
  • 7.4. Market Share & Forecast
    • 7.4.1. By Vehicle Autonomy
    • 7.4.2. By Vehicle Type
    • 7.4.3. By Application

8. France Autonomous Car Market Overview

  • 8.1. Market Size & Forecast by Value & Volume, 2018-2028
  • 8.2. By Value (USD Million)
  • 8.3. By Volume (Thousand Units)
  • 8.4. Market Share & Forecast
    • 8.4.1. By Vehicle Autonomy
    • 8.4.2. By Vehicle Type
    • 8.4.3. By Application

9. Italy Autonomous Car Market Overview

  • 9.1. Market Size & Forecast by Value & Volume, 2018-2028
  • 9.2. By Value (USD Million)
  • 9.3. By Volume (Thousand Units)
  • 9.4. Market Share & Forecast
    • 9.4.1. By Vehicle Autonomy
    • 9.4.2. By Vehicle Type
    • 9.4.3. By Application

10. Spain Autonomous Car Market Overview

  • 10.1. Market Size & Forecast by Value & Volume, 2018-2028
  • 10.2. By Value (USD Million)
  • 10.3. By Volume (Thousand Units)
  • 10.4. Market Share & Forecast
    • 10.4.1. By Vehicle Autonomy
    • 10.4.2. By Vehicle Type
    • 10.4.3. By Application

11. Rest of Europe Autonomous Car Market Overview

  • 11.1. Market Size & Forecast by Value & Volume, 2018-2028
  • 11.2. By Value (USD Million)
  • 11.3. By Volume (Thousand Units)
  • 11.4. Market Share & Forecast
    • 11.4.1. By Vehicle Autonomy
    • 11.4.2. By Vehicle Type
    • 11.4.3. By Application

12. Impact of Covid-19 on Europe Autonomous Car Market Industry

13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **

  • 13.1. Tesla Inc.
  • 13.2. Daimler AG
  • 13.3. Volkswagen Group
  • 13.4. PSA Group
  • 13.5. Renault Group
  • 13.6. BMW Group
  • 13.7. General Motors Company
  • 13.8. Fiat Chrysler Automobiles N.V.
  • 13.9. Ford Motor Company
  • 13.10. Toyota Motor Corporation
  • 13.11. Others

14. Key Strategic Recommendations

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

List of Figures

  • Figure 1: Europe Autonomous Car Market Segmentation
  • Figure 2: Europe Autonomous Car Industry Value Chain Analysis
  • Figure 3: Europe Autonomous Car Market Size, By Value (USD Million), 2018-2028
  • Figure 4: Europe Autonomous Car Market Size, By Volume (Thousand Units), 2018-2028
  • Figure 5: Europe Autonomous Car Market Share (%), By Vehicle Autonomy, By Value, 2018-2028
  • Figure 6: Europe Autonomous Car Market Share (%), By Vehicle Autonomy, By Volume, 2018-2028
  • Figure 7: Europe Autonomous Car Market Share (%), By Vehicle Type, By Value, 2018-2028
  • Figure 8: Europe Autonomous Car Market Share (%), By Vehicle Type, By Volume, 2018-2028
  • Figure 9: Europe Autonomous Car Market Share (%), By Application, By Value, 2018-2028
  • Figure 10: Europe Autonomous Car Market Share (%), By Application, By Volume, 2018-2028
  • Figure 11: Europe Autonomous Car Market Share (%), By Country, By Value, 2018-2028
  • Figure 12: Europe Autonomous Car Market Share (%), By Country, By Volume, 2018-2028
  • Figure 13: Germany Autonomous Car Market Size, By Value (USD Million), 2018-2028
  • Figure 14: Germany Autonomous Car Market Size, By Volume (Thousand Units), 2018-2028
  • Figure 15: Germany Autonomous Car Market Share (%), By Vehicle Autonomy, By Value, 2018-2028
  • Figure 16: Germany Autonomous Car Market Share (%), By Vehicle Autonomy, By Volume, 2018-2028
  • Figure 17: Germany Autonomous Car Market Share (%), By Vehicle Type, By Value, 2018-2028
  • Figure 18: Germany Autonomous Car Market Share (%), By Vehicle Type, By Volume, 2018-2028
  • Figure 19: Germany Autonomous Car Market Share (%), By Application, By Value, 2018-2028
  • Figure 20: Germany Autonomous Car Market Share (%), By Application, By Volume, 2018-2028
  • Figure 21: Europe Autonomous Car Market Size, By Value (USD Million), 2018-2028
  • Figure 22: Europe Autonomous Car Market Size, By Volume (Thousand Units), 2018-2028
  • Figure 23: Europe Autonomous Car Market Share (%), By Vehicle Autonomy, By Value, 2018-2028
  • Figure 24: Europe Autonomous Car Market Share (%), By Vehicle Autonomy, By Volume, 2018-2028
  • Figure 25: Europe Autonomous Car Market Share (%), By Vehicle Type, By Value, 2018-2028
  • Figure 26: Europe Autonomous Car Market Share (%), By Vehicle Type, By Volume, 2018-2028
  • Figure 27: Europe Autonomous Car Market Share (%), By Application, By Value, 2018-2028
  • Figure 28: Europe Autonomous Car Market Share (%), By Application, By Volume, 2018-2028
  • Figure 29: France Autonomous Car Market Size, By Value (USD Million), 2018-2028
  • Figure 30: France Autonomous Car Market Size, By Volume (Thousand Units), 2018-2028
  • Figure 31: France Autonomous Car Market Share (%), By Vehicle Autonomy, By Value, 2018-2028
  • Figure 32: France Autonomous Car Market Share (%), By Vehicle Autonomy, By Volume, 2018-2028
  • Figure 33: France Autonomous Car Market Share (%), By Vehicle Type, By Value, 2018-2028
  • Figure 34: France Autonomous Car Market Share (%), By Vehicle Type, By Volume, 2018-2028
  • Figure 35: France Autonomous Car Market Share (%), By Application, By Value, 2018-2028
  • Figure 36: France Autonomous Car Market Share (%), By Application, By Volume, 2018-2028
  • Figure 37: Italy Autonomous Car Market Size, By Value (USD Million), 2018-2028
  • Figure 38: Italy Autonomous Car Market Size, By Volume (Thousand Units), 2018-2028
  • Figure 39: Italy Autonomous Car Market Share (%), By Vehicle Autonomy, By Value, 2018-2028
  • Figure 40: Italy Autonomous Car Market Share (%), By Vehicle Autonomy, By Volume, 2018-2028
  • Figure 41: Italy Autonomous Car Market Share (%), By Vehicle Type, By Value, 2018-2028
  • Figure 42: Italy Autonomous Car Market Share (%), By Vehicle Type, By Volume, 2018-2028
  • Figure 43: Italy Autonomous Car Market Share (%), By Application, By Value, 2018-2028
  • Figure 44: Italy Autonomous Car Market Share (%), By Application, By Volume, 2018-2028
  • Figure 45: Spain Autonomous Car Market Size, By Value (USD Million), 2018-2028
  • Figure 46: Spain Autonomous Car Market Size, By Volume (Thousand Units), 2018-2028
  • Figure 47: Spain Autonomous Car Market Share (%), By Vehicle Autonomy, By Value, 2018-2028
  • Figure 48: Spain Autonomous Car Market Share (%), By Vehicle Autonomy, By Volume, 2018-2028
  • Figure 49: Spain Autonomous Car Market Share (%), By Vehicle Type, By Value, 2018-2028
  • Figure 50: Spain Autonomous Car Market Share (%), By Vehicle Type, By Volume, 2018-2028
  • Figure 51: Spain Autonomous Car Market Share (%), By Application, By Value, 2018-2028
  • Figure 52: Spain Autonomous Car Market Share (%), By Application, By Volume, 2018-2028
  • Figure 53: Rest of Europe Autonomous Car Market Size, By Volume (Thousand Units), 2018-2028
  • Figure 54: Rest of Europe Autonomous Car Market Share (%), By Vehicle Autonomy, By Value, 2018-2028
  • Figure 55: Rest of Europe Autonomous Car Market Share (%), By Vehicle Autonomy, By Volume, 2018-2028
  • Figure 56: Rest of Europe Autonomous Car Market Share (%), By Vehicle Type, By Value, 2018-2028
  • Figure 57: Rest of Europe Autonomous Car Market Share (%), By Vehicle Type, By Volume, 2018-2028
  • Figure 58: Rest of Europe Autonomous Car Market Share (%), By Application, By Value, 2018-2028
  • Figure 59: Rest of Europe Autonomous Car Market Share (%), By Application, By Volume, 2018-2028
  • Figure 60: Europe Autonomous Car Market Share Analysis, 2020

List of Tables

  • Table 1: Europe Autonomous Car Market Size, By Vehicle Autonomy, By Value (USD Million), 2018-2028
  • Table 2: Europe Autonomous Car Market Size, By Vehicle Autonomy, By Volume (Thousand Units), 2018-2028
  • Table 3: Europe Autonomous Car Market Size, By Vehicle Type, By Value (USD Million), 2018-2028
  • Table 4: Europe Autonomous Car Market Size, By Vehicle Type, By Volume (Thousand Units), 2018-2028
  • Table 5: Europe Autonomous Car Market Size, By Application, By Value (USD Million), 2018-2028
  • Table 6: Europe Autonomous Car Market Size. By Country, By Value (USD Million), 2018-2028
  • Table 7: Europe Autonomous Car Market Size. By Country, By Volume (Thousand Units), 2018-2028
  • Table 8: Germany Autonomous Car Market Size, By Vehicle Autonomy, By Value (USD Million), 2018-2028
  • Table 9: Germany Autonomous Car Market Size, By Vehicle Autonomy, By Volume (Thousand Units), 2018-2028
  • Table 10: Germany Autonomous Car Market Size, By Vehicle Type, By Value (USD Million), 2018-2028
  • Table 11: Germany Autonomous Car Market Size, By Vehicle Type, By Volume (Thousand Units), 2018-2028
  • Table 12: Germany Autonomous Car Market Size, By Application, By Value (USD Million), 2018-2028
  • Table 13: Germany Autonomous Car Market Size, By Application, By Volume (Thousand Units), 2018-2028
  • Table 14: U.K. Autonomous Car Market Size, By Vehicle Autonomy, By Value (USD Million), 2018-2028
  • Table 15: U.K. Autonomous Car Market Size, By Vehicle Autonomy, By Volume (Thousand Units), 2018-2028
  • Table 16: U.K. Autonomous Car Market Size, By Vehicle Type, By Value (USD Million), 2018-2028
  • Table 17: U.K. Autonomous Car Market Size, By Vehicle Type, By Volume (Thousand Units), 2018-2028
  • Table 18: U.K. Autonomous Car Market Size, By Application, By Value (USD Million), 2018-2028
  • Table 19: U.K. Autonomous Car Market Size, By Application, By Volume (Thousand Units), 2018-2028
  • Table 20: France Autonomous Car Market Size, By Vehicle Autonomy, By Value (USD Million), 2018-2028
  • Table 21: France Autonomous Car Market Size, By Vehicle Autonomy, By Volume (Thousand Units), 2018-2028
  • Table 22: France Autonomous Car Market Size, By Vehicle Type, By Value (USD Million), 2018-2028
  • Table 23: France Autonomous Car Market Size, By Vehicle Type, By Volume (Thousand Units), 2018-2028
  • Table 24: France Autonomous Car Market Size, By Application, By Value (USD Million), 2018-2028
  • Table 25: France Autonomous Car Market Size, By Application, By Volume (Thousand Units), 2018-2028
  • Table 26: Italy Autonomous Car Market Size, By Vehicle Autonomy, By Value (USD Million), 2018-2028
  • Table 27: Italy Autonomous Car Market Size, By Vehicle Autonomy, By Volume (Thousand Units), 2018-2028
  • Table 28: Italy Autonomous Car Market Size, By Vehicle Type, By Value (USD Million), 2018-2028
  • Table 29: Italy Autonomous Car Market Size, By Vehicle Type, By Volume (Thousand Units), 2018-2028
  • Table 30: Italy Autonomous Car Market Size, By Application, By Value (USD Million), 2018-2028
  • Table 31: Italy Autonomous Car Market Size, By Application, By Volume (Thousand Units), 2018-2028
  • Table 32: Spain Autonomous Car Market Size, By Vehicle Autonomy, By Value (USD Million), 2018-2028
  • Table 33: Spain Autonomous Car Market Size, By Vehicle Autonomy, By Volume (Thousand Units), 2018-2028
  • Table 34: Spain Autonomous Car Market Size, By Vehicle Type, By Value (USD Million), 2018-2028
  • Table 35: Spain Autonomous Car Market Size, By Vehicle Type, By Volume (Thousand Units), 2018-2028
  • Table 36: Spain Autonomous Car Market Size, By Application, By Value (USD Million), 2018-2028
  • Table 37: Spain Autonomous Car Market Size, By Application, By Volume (Thousand Units), 2018-2028
  • Table 38: Rest of Europe Autonomous Car Market Size, By Vehicle Autonomy, By Value (USD Million), 2018-2028
  • Table 39: Rest of Europe Autonomous Car Market Size, By Vehicle Autonomy, By Volume (Thousand Units), 2018-2028
  • Table 40: Rest of Europe Autonomous Car Market Size, By Vehicle Type, By Value (USD Million), 2018-2028
  • Table 41: Rest of Europe Autonomous Car Market Size, By Vehicle Type, By Volume (Thousand Units), 2018-2028
  • Table 42: Rest of Europe Autonomous Car Market Size, By Application, By Value (USD Million), 2018-2028
  • Table 43: Rest of Europe Autonomous Car Market Size, By Application, By Volume (Thousand Units), 2018-2028
  • Table 44: List of Key Players and Their Offerings
  • Table 45: Competitive Benchmarking, by Operating Parameters
  • Table 46 : Tesla Inc. Company Overview
  • Table 47 : Tesla Inc. Financial Overview
  • Table 48: Daimler AG Company Overview
  • Table 49: Daimler AG Financial Overview
  • Table 50: PSA Group Company Overview
  • Table 51: PSA Group Financial Overview
  • Table 52: Renault Group Company Overview
  • Table 53 : Renault Group Financial Overview
  • Table 54: General Motors Company Overview
  • Table 55: General Motors Company Financial Overview
  • Table 56 Ford Motor Company Overview
  • Table 57 Ford Motor Company Financial Overview
  • Table 58 Toyota Motor Corporation Company Overview
  • Table 59 Toyota Motor Corporation Financial Overview