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Market Research Report
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1106165

Autonomous Vehicles

Published: | Global Industry Analysts, Inc. | 211 Pages | Delivery time: 1-2 business days

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Autonomous Vehicles
Published: July 1, 2022
Global Industry Analysts, Inc.
Content info: 211 Pages
Delivery time: 1-2 business days
  • Description
  • Table of Contents

What`s New for 2022?

» Global competitiveness and key competitor percentage market shares

» Market presence across multiple geographies - Strong/Active/Niche/Trivial

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» Access to our digital archives and MarketGlass Research Platform

» Complimentary updates for one year

Global Autonomous Vehicles Market to Reach 110.1 Thousand Units by the Year 2026

An autonomous or driverless vehicle operates itself to perform all necessary functions devoid of human intervention, by way of its ability to appropriately sense its operating environment. Ongoing efforts to automate manufacturing facilities and leveraging automation to improve fuel efficiency and safety of vehicles are anticipated to benefit automotive software. Rising automobile consumer focus on efficiency and connectivity is driving automakers to scale up technology adoption in line with these requirements and to stay competitive. The increasing development and adoption of new electric car models is expected to further drive gains for the automotive software market. In addition, the market growth is poised to be augmented by trends such as digital dealerships and automation. Various companies are partnering with software developers for enhancing vehicle performance and improving safety and driving experience. These developments are anticipated to garner more traction in the coming years. These collaborations are set to support encouraging activities associated with autonomous vehicles, emerging technologies, mobility and electrification while allowing players to ensure availability of sophisticated software solutions for upcoming vehicle models. While current challenges have derailed and delayed innovations and developments scheduled for the year 2020, the future nevertheless remains more promising than the pre-pandemic outlook. Although the year 2020, which was earlier touted to be prime time for autonomous cars, unfortunately went down into history as the year of disruptions, missed targets, economic devastation, the pandemic paradoxically has also eliminated long-term obstacles for self-driving and advanced automotive technologies.

Amid the COVID-19 crisis, the global market for Autonomous Vehicles estimated at 13.8 Thousand Units in the year 2022, is projected to reach a revised size of 110.1 Thousand Units by 2026, growing at a CAGR of 60.6% over the analysis period. Transportation, one of the segments analyzed in the report, is projected to grow at a 60.2% CAGR to reach 149.4 Thousand Units by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Defense segment is readjusted to a revised 63.7% CAGR for the next 7-year period. This segment currently accounts for a 10.2% share of the global Autonomous Vehicles market. Autonomous vehicles (AVs) are anticipated to find increasing uptake in the military sector due to the unabated increase in global military spending over the short- to medium-term.

The U.S. Market is Estimated at 5.4 Thousand Units in 2022, While China is Forecast to Reach 17.3 Thousand Units by 2026

The Autonomous Vehicles market in the U.S. is estimated at 5.4 Thousand Units in the year 2022. The country currently accounts for a 40% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of 17.3 Thousand Units in the year 2026 trailing a CAGR of 74.4% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 53.3% and 58% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 49.9% CAGR while Rest of European market (as defined in the study) will reach 26.1 Thousand Units by the end of the analysis period.

Safety of Autonomous Vehicles Comes Under the Scanner

As autonomous technology advances, there are numerous concerns about the safety of fully autonomous vehicles. One of the biggest disadvantages of autonomous vehicle technology is security concerns. Autonomous vehicles are vulnerable to cyberattacks that could compromise the proper functioning of the vehicle. This is further complicated by the increased uptake of AI technologies. Autonomous vehicles could be the next major target of the hackers as such vehicles continuously track and monitor details of the owner. This may lead to the possible collection of personal data. A hacker could take control of a vehicle`s steering or acceleration which can compromise the safety of the riders in a variety of ways. Even a small hack could wreak significant damage on busy roads by causing collisions and gridlock traffic. Self-driving vehicles may also be more susceptible to computer viruses. Autonomous vehicles have been shown to have difficulty operating in certain types of weather.

As fully autonomous cars depend on the functioning of a wide range of sensors that can detect objects with accuracy in every possible condition, factors such as bad weather, dense traffic, weathered road signs, or damaged markings can significantly impact sensors` capabilities. For truly autonomous vehicles to succeed, the sensors need to be highly adaptive and strong enough to understand signals in a range of environments. Also, current road infrastructure has not been optimized for the use of autonomous vehicles and may, therefore, cause accidents. The number of situations that present themselves when driving are extensive, including other drivers, unexpected obstacles on the road, or missing street markings among others. While humans have the ability to react quickly to such unexpected situations, machines have not yet reached that stage. This is another major reason why self-driving vehicles are not yet widely available. Additionally, self-driving cars may give drivers a false sense of security. Drivers tend to become complacent, resulting in an increased reaction time to change the driving situation. On the other hand, on a regular car, it takes drivers less than a second to react to an unexpected event. Also, with the wide range of electronic components on board like remote controls, GPS, power accessories, Wi-Fi, Bluetooth, radio and music systems, drivers will be increasingly exposed to higher levels of electromagnetic field radiation which can cause a myriad of serious health problems such as headaches, migraines, chronic exhaustion, sleeplessness, and susceptibility to infection.

Select Competitors (Total 47 Featured) -

  • AB Volvo
  • AUDI AG
  • BMW GROUP
  • Cisco Systems, Inc.
  • Continental AG
  • Daimler AG
  • Ford Motor Company
  • General Motors Company
  • Groupe PSA
  • Intel Corporation
  • JAGUAR LAND ROVER LIMITED
  • Mitsubishi Motors Corporation
  • Nissan Motor Co., Ltd.
  • Renault Group
  • Robert Bosch GmbH
  • Tesla, Inc
  • The Volkswagen AG
  • Toyota Motor Corporation
  • Valeo
  • Visteon Corporation
Product Code: MCP21288

TABLE OF CONTENTS

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I. METHODOLOGY

II. EXECUTIVE SUMMARY

  • 1. MARKET OVERVIEW
    • Autonomous Vehicles - Global Key Competitors Percentage Market Share in 2022 (E)
    • The Automotive Industry Rushes Headlong Into a Digital Future
    • Exploding Automotive Software Market Stands Testimony to the Industry's Envisioned Digital Future
    • Growing Dependence on Software Shows that the Industry is Reaching a Critical Inflection Point in its journey Towards a Digital Future: Global Market for Automotive Software (In US$ Million) for Years 2021, 2023, 2025, and 2027
    • Autonomous Vehicles (AVs), the Natural Evolutionary Culmination of the Digital Journey Undertaken by the Automotive Industry
    • Reluctance to Use Shared Mobility Will Persist Even in the Post Pandemic World. The Darkening Outlook for "Shared Mobility" is a Business Opportunity for Self-Driving Cars & Taxis: Global Ride Hailing & Taxi Market (In US$ Billion)
    • The Race Between the Virus & Vaccines Intensifies. Amidst this Chaotic Battle, Where is the World Economy Headed in 2021?
    • These are Times When Questions Abound & Answers Are Few
    • So How Fast Or Slow Are We Moving?
    • How & When Will the World Be Vaccinated? Global Number of Annual COVID-19 Vaccine Doses (In Million) for Years 2020 through 2025 by Geographic Region/Country
    • Split Scenarios Unfold: The Great Vaccine Divide Emerges
    • Vaccine Imbalances to Stretch the Pandemic Further into 2022: Global Percentage (%) of Population Administered With Vaccines by Region as of October 2021
    • Time is of Essence! What We Know So Far - "Vaccine Efficiency Against New Strains is Decreasing"
    • Progress on Vaccinations, Why Should Businesses Care?
    • With IMF's Upward Revision of Global GDP Forecasts for 2021, Most Companies Are Bullish About an Economic Comeback Despite a Continuing Pandemic
    • A Strong Yet Exceedingly Patchy & Uncertain Recovery Shaped by New Variants Comes Into Play: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
    • Easing Unemployment Levels in 2021 Although Moderate Will Infuse Hope for Industries Reliant on Consumer Discretionary Incomes: Global Number of Unemployed People (In Million) for Years 2017, 2019, 2020, and 2022
    • How the Automotive & Transportation Industries Were Impacted by the Pandemic & What's the New Normal?
    • The Automotive Industry
    • Global Automotive Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
    • Transportation Industry Bites the Dust
    • Autonomous Vehicles: Definition, Importance & Benefits
    • Recent Market Activity
    • Innovations
    • World Brands
    • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • 2. FOCUS ON SELECT PLAYERS
  • 3. MARKET TRENDS & DRIVERS
    • Innovative Developments & Robust Outlook for Vehicle-to-Everything (V2X) Drives Optimism in the Future of Autonomous Driving
    • Global Automotive V2X Market to Move Ahead Swiftly in Top Gear, Accelerating the Journey Towards Autonomous Driving: Global Market for Automotive Vehicle-to-Everything (V2X) (In US$ Million) for Years 2021, 2023, 2025 and 2027
    • Digitalization of Logistics Primes the Transportation Industry for an Autonomous Future
    • Robust Spending on Digitalization in the Transportation Industry Bodes Well for Accelerated Adoption of Autonomous Freight Trucks: Global Digital Transformation Spending in Logistics (In US$ Billion) for Years 2021, 2023, 2025 and 2027
    • Piggybacking on the Digitalization Frenzy, Autonomous Trucks Storm Into the Spotlight in the Logistics Industry
    • Unfazed by the Pandemic, Continuous Strong Gains in Global Defense Spending Bodes Well for AVs in the Military Sector
    • Robust Defense Spending Brings Cheer for AV Manufacturers: World Military Expenditure (In US$ Billion) for Years 2019, 2020 and 2021
    • The U.S., an Attractive Market for Manufacturers: Top Military Spenders for the Year 2021 (In US$ Billion)
    • Current State of Autonomous Vehicle Technology in the Military Sector: A Review
    • Blockchain & Autonomous Vehicles: A Perfect Pair
    • Role of AI in Autonomous Vehicles Gets Bigger
    • Safety of Autonomous Vehicles Under the Scanner
  • 4. GLOBAL MARKET PERSPECTIVE
    • TABLE 1: World Recent Past, Current & Future Analysis for Autonomous Vehicles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Units for Years 2020 through 2027 and % CAGR
    • TABLE 2: World 7-Year Perspective for Autonomous Vehicles by Geographic Region - Percentage Breakdown of Volume Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2020, 2021 & 2027
    • TABLE 3: World Recent Past, Current & Future Analysis for Transportation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Units for Years 2020 through 2027 and % CAGR
    • TABLE 4: World 7-Year Perspective for Transportation by Geographic Region - Percentage Breakdown of Volume Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020, 2021 & 2027
    • TABLE 5: World Recent Past, Current & Future Analysis for Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Units for Years 2020 through 2027 and % CAGR
    • TABLE 6: World 7-Year Perspective for Defense by Geographic Region - Percentage Breakdown of Volume Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020, 2021 & 2027
    • TABLE 7: World Historic Review for Autonomous Vehicles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Units for Years 2020 through 2019 and % CAGR
    • TABLE 8: World Historic Review for Transportation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Units for Years 2020 through 2019 and % CAGR
    • TABLE 9: World Historic Review for Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Units for Years 2020 through 2019 and % CAGR

III. MARKET ANALYSIS

  • UNITED STATES
    • Autonomous Vehicles Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
    • TABLE 10: USA Recent Past, Current & Future Analysis for Autonomous Vehicles by Application - Transportation and Defense - Independent Analysis of Annual Sales in Units for the Years 2020 through 2027 and % CAGR
    • TABLE 11: USA 7-Year Perspective for Autonomous Vehicles by Application - Percentage Breakdown of Volume Sales for Transportation and Defense for the Years 2020, 2021 & 2027
    • TABLE 12: USA Historic Review for Autonomous Vehicles by Application - Transportation and Defense Markets - Independent Analysis of Annual Sales in Units for Years 2020 through 2019 and % CAGR
  • CANADA
    • TABLE 13: Canada Recent Past, Current & Future Analysis for Autonomous Vehicles by Application - Transportation and Defense - Independent Analysis of Annual Sales in Units for the Years 2020 through 2027 and % CAGR
    • TABLE 14: Canada 7-Year Perspective for Autonomous Vehicles by Application - Percentage Breakdown of Volume Sales for Transportation and Defense for the Years 2020, 2021 & 2027
    • TABLE 15: Canada Historic Review for Autonomous Vehicles by Application - Transportation and Defense Markets - Independent Analysis of Annual Sales in Units for Years 2020 through 2019 and % CAGR
  • JAPAN
    • Autonomous Vehicles Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
    • TABLE 16: Japan Recent Past, Current & Future Analysis for Autonomous Vehicles by Application - Transportation and Defense - Independent Analysis of Annual Sales in Units for the Years 2020 through 2027 and % CAGR
    • TABLE 17: Japan 7-Year Perspective for Autonomous Vehicles by Application - Percentage Breakdown of Volume Sales for Transportation and Defense for the Years 2020, 2021 & 2027
    • TABLE 18: Japan Historic Review for Autonomous Vehicles by Application - Transportation and Defense Markets - Independent Analysis of Annual Sales in Units for Years 2020 through 2019 and % CAGR
  • CHINA
    • Autonomous Vehicles Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
    • TABLE 19: China Recent Past, Current & Future Analysis for Autonomous Vehicles by Application - Transportation and Defense - Independent Analysis of Annual Sales in Units for the Years 2020 through 2027 and % CAGR
    • TABLE 20: China 7-Year Perspective for Autonomous Vehicles by Application - Percentage Breakdown of Volume Sales for Transportation and Defense for the Years 2020, 2021 & 2027
    • TABLE 21: China Historic Review for Autonomous Vehicles by Application - Transportation and Defense Markets - Independent Analysis of Annual Sales in Units for Years 2020 through 2019 and % CAGR
  • EUROPE
    • Autonomous Vehicles Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
    • TABLE 22: Europe Recent Past, Current & Future Analysis for Autonomous Vehicles by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in Units for Years 2020 through 2027 and % CAGR
    • TABLE 23: Europe 7-Year Perspective for Autonomous Vehicles by Geographic Region - Percentage Breakdown of Volume Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2020, 2021 & 2027
    • TABLE 24: Europe Recent Past, Current & Future Analysis for Autonomous Vehicles by Application - Transportation and Defense - Independent Analysis of Annual Sales in Units for the Years 2020 through 2027 and % CAGR
    • TABLE 25: Europe 7-Year Perspective for Autonomous Vehicles by Application - Percentage Breakdown of Volume Sales for Transportation and Defense for the Years 2020, 2021 & 2027
    • TABLE 26: Europe Historic Review for Autonomous Vehicles by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in Units for Years 2020 through 2019 and % CAGR
    • TABLE 27: Europe Historic Review for Autonomous Vehicles by Application - Transportation and Defense Markets - Independent Analysis of Annual Sales in Units for Years 2020 through 2019 and % CAGR
  • FRANCE
    • Autonomous Vehicles Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
    • TABLE 28: France Recent Past, Current & Future Analysis for Autonomous Vehicles by Application - Transportation and Defense - Independent Analysis of Annual Sales in Units for the Years 2020 through 2027 and % CAGR
    • TABLE 29: France 7-Year Perspective for Autonomous Vehicles by Application - Percentage Breakdown of Volume Sales for Transportation and Defense for the Years 2020, 2021 & 2027
    • TABLE 30: France Historic Review for Autonomous Vehicles by Application - Transportation and Defense Markets - Independent Analysis of Annual Sales in Units for Years 2020 through 2019 and % CAGR
  • GERMANY
    • Autonomous Vehicles Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
    • TABLE 31: Germany Recent Past, Current & Future Analysis for Autonomous Vehicles by Application - Transportation and Defense - Independent Analysis of Annual Sales in Units for the Years 2020 through 2027 and % CAGR
    • TABLE 32: Germany 7-Year Perspective for Autonomous Vehicles by Application - Percentage Breakdown of Volume Sales for Transportation and Defense for the Years 2020, 2021 & 2027
    • TABLE 33: Germany Historic Review for Autonomous Vehicles by Application - Transportation and Defense Markets - Independent Analysis of Annual Sales in Units for Years 2020 through 2019 and % CAGR
  • ITALY
    • TABLE 34: Italy Recent Past, Current & Future Analysis for Autonomous Vehicles by Application - Transportation and Defense - Independent Analysis of Annual Sales in Units for the Years 2020 through 2027 and % CAGR
    • TABLE 35: Italy 7-Year Perspective for Autonomous Vehicles by Application - Percentage Breakdown of Volume Sales for Transportation and Defense for the Years 2020, 2021 & 2027
    • TABLE 36: Italy Historic Review for Autonomous Vehicles by Application - Transportation and Defense Markets - Independent Analysis of Annual Sales in Units for Years 2020 through 2019 and % CAGR
  • UNITED KINGDOM
    • Autonomous Vehicles Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
    • TABLE 37: UK Recent Past, Current & Future Analysis for Autonomous Vehicles by Application - Transportation and Defense - Independent Analysis of Annual Sales in Units for the Years 2020 through 2027 and % CAGR
    • TABLE 38: UK 7-Year Perspective for Autonomous Vehicles by Application - Percentage Breakdown of Volume Sales for Transportation and Defense for the Years 2020, 2021 & 2027
    • TABLE 39: UK Historic Review for Autonomous Vehicles by Application - Transportation and Defense Markets - Independent Analysis of Annual Sales in Units for Years 2020 through 2019 and % CAGR
  • REST OF EUROPE
    • TABLE 40: Rest of Europe Recent Past, Current & Future Analysis for Autonomous Vehicles by Application - Transportation and Defense - Independent Analysis of Annual Sales in Units for the Years 2020 through 2027 and % CAGR
    • TABLE 41: Rest of Europe 7-Year Perspective for Autonomous Vehicles by Application - Percentage Breakdown of Volume Sales for Transportation and Defense for the Years 2020, 2021 & 2027
    • TABLE 42: Rest of Europe Historic Review for Autonomous Vehicles by Application - Transportation and Defense Markets - Independent Analysis of Annual Sales in Units for Years 2020 through 2019 and % CAGR
  • ASIA-PACIFIC
    • Autonomous Vehicles Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
    • TABLE 43: Asia-Pacific Recent Past, Current & Future Analysis for Autonomous Vehicles by Application - Transportation and Defense - Independent Analysis of Annual Sales in Units for the Years 2020 through 2027 and % CAGR
    • TABLE 44: Asia-Pacific 7-Year Perspective for Autonomous Vehicles by Application - Percentage Breakdown of Volume Sales for Transportation and Defense for the Years 2020, 2021 & 2027
    • TABLE 45: Asia-Pacific Historic Review for Autonomous Vehicles by Application - Transportation and Defense Markets - Independent Analysis of Annual Sales in Units for Years 2020 through 2019 and % CAGR
  • REST OF WORLD
    • TABLE 46: Rest of World Recent Past, Current & Future Analysis for Autonomous Vehicles by Application - Transportation and Defense - Independent Analysis of Annual Sales in Units for the Years 2020 through 2027 and % CAGR
    • TABLE 47: Rest of World 7-Year Perspective for Autonomous Vehicles by Application - Percentage Breakdown of Volume Sales for Transportation and Defense for the Years 2020, 2021 & 2027
    • TABLE 48: Rest of World Historic Review for Autonomous Vehicles by Application - Transportation and Defense Markets - Independent Analysis of Annual Sales in Units for Years 2020 through 2019 and % CAGR

IV. COMPETITION

  • Total Companies Profiled: 47