PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1650799
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1650799
Autonomous Vehicles
Global Autonomous Vehicles Market to Reach 81.1 Million Units by 2030
The global market for Autonomous Vehicles estimated at 35.6 Million Units in the year 2024, is expected to reach 81.1 Million Units by 2030, growing at a CAGR of 14.7% over the analysis period 2024-2030. Transportation Application, one of the segments analyzed in the report, is expected to record a 14.6% CAGR and reach 74.4 Million Units by the end of the analysis period. Growth in the Defense Application segment is estimated at 15.7% CAGR over the analysis period.
The U.S. Market is Estimated at 13.6 Million Units While China is Forecast to Grow at 14.5% CAGR
The Autonomous Vehicles market in the U.S. is estimated at 13.6 Million Units in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of 9.4 Million Units by the year 2030 trailing a CAGR of 14.5% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 12.4% and 10.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 13.0% CAGR.
Global Autonomous Vehicles Market - Key Trends & Drivers Summarized
What Are Autonomous Vehicles and Why Are They Transforming Transportation?
Autonomous vehicles (AVs), also known as self-driving cars, are vehicles equipped with advanced sensors, cameras, and artificial intelligence (AI) systems that allow them to navigate and operate without human intervention. These vehicles use a combination of technologies, including LiDAR (Light Detection and Ranging), radar, GPS, and computer vision, to perceive their environment, make decisions, and drive safely. Autonomous vehicles promise to transform transportation by enhancing road safety, reducing traffic congestion, and providing mobility solutions for those unable to drive, such as the elderly and disabled. The potential for AVs to revolutionize logistics, public transportation, and personal mobility makes them a critical focus of innovation in the automotive industry.
How Do Autonomous Vehicles Operate and What Technologies Are Involved?
Autonomous vehicles operate through a sophisticated interplay of hardware and software systems that enable them to perceive, decide, and act. Key technologies involved include sensors like LiDAR and radar, which create detailed 3D maps of the vehicle's surroundings. Cameras provide visual data for detecting objects, lane markings, and traffic signals. These inputs are processed by AI algorithms and machine learning models, which interpret the data, predict the actions of other road users, and make driving decisions. The vehicle's control system then executes these decisions, managing acceleration, braking, and steering. High-definition maps and GPS ensure precise navigation. Vehicle-to-everything (V2X) communication allows AVs to interact with other vehicles and infrastructure, enhancing situational awareness and coordination on the road.
What Are the Emerging Trends and Innovations in the Autonomous Vehicle Industry?
The autonomous vehicle industry is rapidly evolving with several key trends and innovations. One significant trend is the development of Level 4 and Level 5 autonomy, where vehicles can operate without human intervention in most or all conditions. Companies like Waymo, Tesla, and Cruise are leading the way in advancing these levels of autonomy. Another trend is the integration of AI and machine learning to improve the decision-making capabilities of AVs, enabling them to handle complex driving scenarios more effectively. The deployment of autonomous ride-sharing and delivery services is gaining momentum, offering new business models and transforming urban mobility. Additionally, advancements in sensor technology and the reduction of sensor costs are making AVs more accessible. The development of robust cybersecurity measures to protect AV systems from hacking and ensure data privacy is also a critical area of focus.
What Factors Are Driving the Growth in the Autonomous Vehicle Market?
The growth in the autonomous vehicle market is driven by several factors, including technological advancements, regulatory support, and changing consumer behavior. Innovations in AI, machine learning, and sensor technology are enhancing the capabilities and safety of autonomous vehicles, making them more viable for widespread use. Regulatory frameworks in various regions are evolving to accommodate AV testing and deployment, providing a clearer path for commercial adoption. Increasing consumer interest in advanced driver assistance systems (ADAS) and the convenience of autonomous driving is also propelling market growth. Additionally, the demand for efficient and sustainable transportation solutions is driving investment in AV technology. The rise of smart cities and the integration of AVs with urban infrastructure further support the expansion of the autonomous vehicle market, positioning it as a key component of future mobility solutions.
SCOPE OF STUDY:
The report analyzes the Autonomous Vehicles market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Application (Transportation, Defense)
Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Rest of Europe; Asia-Pacific; Rest of World.
Select Competitors (Total 80 Featured) -
- AB Volvo
- AUDI AG
- BMW GROUP
- Cisco Systems, Inc.
- Continental AG
- Ford Motor Company
- General Motors Company
- Intel Corporation
- Jaguar Land Rover Limited
- Mitsubishi Motors Corporation
- Nissan Motor Co., Ltd.
- Renault Group
- Robert Bosch GmbH
- Tesla, Inc.
- The Volkswagen Group
- Toyota Motor Corporation
- Visteon Corporation
TABLE OF CONTENTS
I. METHODOLOGY
II. EXECUTIVE SUMMARY
- 1. MARKET OVERVIEW
- Here's How the Automotive Industry is Driving into the Future of Digital Transformation
- 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$ Billion) for Years 2024, 2026, 2028, and 2030
- Autonomous Vehicles, the Natural Evolutionary Culmination of the Digital Journey Undertaken by the Automotive Industry
- Consumer Attitudes Towards Autonomous Vehicles Remains Promising
- Economic Frontiers: Trends, Trials & Transformations
- In a World Torn by Geopolitical Instability & War, Steadfastness of Global GDP Becomes Increasingly Unpredictable Given the Many Direct and Indirect Economic Repercussions: World Economic Growth Projections (Real Gross Domestic Product (GDP), Annual % Change) for the Years 2022 Through 2025
- All Eyes on Global Inflation, the Main Risk Factor in Global Markets: Global Headline Inflation Rates (In %) for the Years 2019 through 2025
- With Oil Prices Influencing the Rate of inflation, it Remains the Most Watched Commodity in Global Markets: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2019 through 2025
- Competition
- Autonomous Vehicles - Global Key Competitors Percentage Market Share in 2024 (E)
- Autonomous Vehicles Competitor Market Share Scenario Worldwide (in %): 2023E
- Autonomous Vehicles: Definition, Importance & Benefits
- Influencer/Product/Technology Insights
- Recent Market Activity
- Innovations
- 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 2024, 2026, 2028 and 2030
- Digitalization of Logistics Primes the Transportation Industry for the Age of Autonomous Trucking
- 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 2024, 2026, 2028 and 2028
- As the World Steps Up Military Spending Amid Rising Global Political Conflicts, It is Uninterrupted Growth for AVs in the Military Sector
- Robust Defense Spending Amid the Unfortunate State of Global Geo-Political Affairs Opens Opportunities for Spending on AVs: Military Spending by Country in 2024 (In US$ Million)
- Revolutionizing the Road: Blockchain's Impact on the Future of Autonomous Vehicles
- Growing Investments in Automotive Blockchain Brings the Promise of Groundbreaking Innovations in Autonomous Vehicle Capabilities in the Coming Decade: Global Market for Automotive Blockchain (In US$ Million) for Years 2024, 2026, 2028 and 2030
- AI and Autonomous Vehicles: Navigating the Intersection of Innovation and Independence
- Steady Evolution & Use of AI in Automobiles Will Help Catalyze the Commercialization & Functional Capabilities of Autonomous Vehicles: Global Market for Automotive AI (In US$ Billion) for Years 2024, 2026 2028 and 2030
- 5G Network Emerges as the Foundation for Autonomous Driving. Here's the Story
- 5G Gets into the Driver's Seat, Driving the Autonomous Vehicle Revolution: Global Market for 5G in Automotive and Smart Transportation (In US$ Billion) for Years 2024, 2026, 2028, 2030 and 2032
- Advancements in Autonomous Software Platforms Bodes Well for Market Growth & Evolution
- Why LiDAR is the Eyes of Self-Driving Vehicles & Why Developments in this Space Matters?
- Electrifying Autonomy, Exploring the Synergy Between Electrification and Autonomous Vehicles
- Safety of Autonomous Vehicles Comes Under the Scanner
- Cybersecurity Issues Storm Into the Spotlight
- A Robustly Evolving Automotive Cybersecurity Market Remains Crucial to Safeguard the Safety and Future of Autonomous Vehicles: Global Automotive Cybersecurity Market (In US$ Billion) for Years 2024 2026, 2028, 2030, and 2032
- 4. GLOBAL MARKET PERSPECTIVE
- TABLE 1: World Autonomous Vehicles Market Analysis of Annual Sales in Thousand Units for Years 2020 through 2030
- TABLE 2: 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 Thousand Units for Years 2024 through 2030 and % CAGR
- TABLE 3: 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 Thousand Units for Years 2020 through 2023 and % CAGR
- TABLE 4: World 10-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, 2025 & 2030
- TABLE 5: World Recent Past, Current & Future Analysis for Transportation Application by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Thousand Units for Years 2024 through 2030 and % CAGR
- TABLE 6: World Historic Review for Transportation Application by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Thousand Units for Years 2020 through 2023 and % CAGR
- TABLE 7: World 10-Year Perspective for Transportation Application by Geographic Region - Percentage Breakdown of Volume Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020, 2025 & 2030
- TABLE 8: World Recent Past, Current & Future Analysis for Defense Application by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Thousand Units for Years 2024 through 2030 and % CAGR
- TABLE 9: World Historic Review for Defense Application by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Thousand Units for Years 2020 through 2023 and % CAGR
- TABLE 10: World 10-Year Perspective for Defense Application by Geographic Region - Percentage Breakdown of Volume Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020, 2025 & 2030
III. MARKET ANALYSIS
- UNITED STATES
- Market Facts & Figures
- US Autonomous Vehicles Market Share (in %) by Company: 2023 & 2030
- Market Analytics
- TABLE 11: USA Recent Past, Current & Future Analysis for Autonomous Vehicles by Application - Transportation Application and Defense Application - Independent Analysis of Annual Sales in Thousand Units for the Years 2024 through 2030 and % CAGR
- TABLE 12: USA Historic Review for Autonomous Vehicles by Application - Transportation Application and Defense Application Markets - Independent Analysis of Annual Sales in Thousand Units for Years 2020 through 2023 and % CAGR
- TABLE 13: USA 10-Year Perspective for Autonomous Vehicles by Application - Percentage Breakdown of Volume Sales for Transportation Application and Defense Application for the Years 2020, 2025 & 2030
- CANADA
- TABLE 14: Canada Recent Past, Current & Future Analysis for Autonomous Vehicles by Application - Transportation Application and Defense Application - Independent Analysis of Annual Sales in Thousand Units for the Years 2024 through 2030 and % CAGR
- TABLE 15: Canada Historic Review for Autonomous Vehicles by Application - Transportation Application and Defense Application Markets - Independent Analysis of Annual Sales in Thousand Units for Years 2020 through 2023 and % CAGR
- TABLE 16: Canada 10-Year Perspective for Autonomous Vehicles by Application - Percentage Breakdown of Volume Sales for Transportation Application and Defense Application for the Years 2020, 2025 & 2030
- JAPAN
- TABLE 17: Japan Recent Past, Current & Future Analysis for Autonomous Vehicles by Application - Transportation Application and Defense Application - Independent Analysis of Annual Sales in Thousand Units for the Years 2024 through 2030 and % CAGR
- TABLE 18: Japan Historic Review for Autonomous Vehicles by Application - Transportation Application and Defense Application Markets - Independent Analysis of Annual Sales in Thousand Units for Years 2020 through 2023 and % CAGR
- TABLE 19: Japan 10-Year Perspective for Autonomous Vehicles by Application - Percentage Breakdown of Volume Sales for Transportation Application and Defense Application for the Years 2020, 2025 & 2030
- CHINA
- TABLE 20: China Recent Past, Current & Future Analysis for Autonomous Vehicles by Application - Transportation Application and Defense Application - Independent Analysis of Annual Sales in Thousand Units for the Years 2024 through 2030 and % CAGR
- TABLE 21: China Historic Review for Autonomous Vehicles by Application - Transportation Application and Defense Application Markets - Independent Analysis of Annual Sales in Thousand Units for Years 2020 through 2023 and % CAGR
- TABLE 22: China 10-Year Perspective for Autonomous Vehicles by Application - Percentage Breakdown of Volume Sales for Transportation Application and Defense Application for the Years 2020, 2025 & 2030
- EUROPE
- Market Facts & Figures
- European Autonomous Vehicles Market: Competitor Market Share Scenario (in %) for 2023 & 2030
- Market Analytics
- TABLE 23: 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 Thousand Units for Years 2024 through 2030 and % CAGR
- TABLE 24: Europe Historic Review for Autonomous Vehicles by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in Thousand Units for Years 2020 through 2023 and % CAGR
- TABLE 25: Europe 10-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, 2025 & 2030
- TABLE 26: Europe Recent Past, Current & Future Analysis for Autonomous Vehicles by Application - Transportation Application and Defense Application - Independent Analysis of Annual Sales in Thousand Units for the Years 2024 through 2030 and % CAGR
- TABLE 27: Europe Historic Review for Autonomous Vehicles by Application - Transportation Application and Defense Application Markets - Independent Analysis of Annual Sales in Thousand Units for Years 2020 through 2023 and % CAGR
- TABLE 28: Europe 10-Year Perspective for Autonomous Vehicles by Application - Percentage Breakdown of Volume Sales for Transportation Application and Defense Application for the Years 2020, 2025 & 2030
- FRANCE
- TABLE 29: France Recent Past, Current & Future Analysis for Autonomous Vehicles by Application - Transportation Application and Defense Application - Independent Analysis of Annual Sales in Thousand Units for the Years 2024 through 2030 and % CAGR
- TABLE 30: France Historic Review for Autonomous Vehicles by Application - Transportation Application and Defense Application Markets - Independent Analysis of Annual Sales in Thousand Units for Years 2020 through 2023 and % CAGR
- TABLE 31: France 10-Year Perspective for Autonomous Vehicles by Application - Percentage Breakdown of Volume Sales for Transportation Application and Defense Application for the Years 2020, 2025 & 2030
- GERMANY
- TABLE 32: Germany Recent Past, Current & Future Analysis for Autonomous Vehicles by Application - Transportation Application and Defense Application - Independent Analysis of Annual Sales in Thousand Units for the Years 2024 through 2030 and % CAGR
- TABLE 33: Germany Historic Review for Autonomous Vehicles by Application - Transportation Application and Defense Application Markets - Independent Analysis of Annual Sales in Thousand Units for Years 2020 through 2023 and % CAGR
- TABLE 34: Germany 10-Year Perspective for Autonomous Vehicles by Application - Percentage Breakdown of Volume Sales for Transportation Application and Defense Application for the Years 2020, 2025 & 2030
- ITALY
- TABLE 35: Italy Recent Past, Current & Future Analysis for Autonomous Vehicles by Application - Transportation Application and Defense Application - Independent Analysis of Annual Sales in Thousand Units for the Years 2024 through 2030 and % CAGR
- TABLE 36: Italy Historic Review for Autonomous Vehicles by Application - Transportation Application and Defense Application Markets - Independent Analysis of Annual Sales in Thousand Units for Years 2020 through 2023 and % CAGR
- TABLE 37: Italy 10-Year Perspective for Autonomous Vehicles by Application - Percentage Breakdown of Volume Sales for Transportation Application and Defense Application for the Years 2020, 2025 & 2030
- UNITED KINGDOM
- TABLE 38: UK Recent Past, Current & Future Analysis for Autonomous Vehicles by Application - Transportation Application and Defense Application - Independent Analysis of Annual Sales in Thousand Units for the Years 2024 through 2030 and % CAGR
- TABLE 39: UK Historic Review for Autonomous Vehicles by Application - Transportation Application and Defense Application Markets - Independent Analysis of Annual Sales in Thousand Units for Years 2020 through 2023 and % CAGR
- TABLE 40: UK 10-Year Perspective for Autonomous Vehicles by Application - Percentage Breakdown of Volume Sales for Transportation Application and Defense Application for the Years 2020, 2025 & 2030
- REST OF EUROPE
- TABLE 41: Rest of Europe Recent Past, Current & Future Analysis for Autonomous Vehicles by Application - Transportation Application and Defense Application - Independent Analysis of Annual Sales in Thousand Units for the Years 2024 through 2030 and % CAGR
- TABLE 42: Rest of Europe Historic Review for Autonomous Vehicles by Application - Transportation Application and Defense Application Markets - Independent Analysis of Annual Sales in Thousand Units for Years 2020 through 2023 and % CAGR
- TABLE 43: Rest of Europe 10-Year Perspective for Autonomous Vehicles by Application - Percentage Breakdown of Volume Sales for Transportation Application and Defense Application for the Years 2020, 2025 & 2030
- ASIA-PACIFIC
- TABLE 44: Asia-Pacific Recent Past, Current & Future Analysis for Autonomous Vehicles by Application - Transportation Application and Defense Application - Independent Analysis of Annual Sales in Thousand Units for the Years 2024 through 2030 and % CAGR
- TABLE 45: Asia-Pacific Historic Review for Autonomous Vehicles by Application - Transportation Application and Defense Application Markets - Independent Analysis of Annual Sales in Thousand Units for Years 2020 through 2023 and % CAGR
- TABLE 46: Asia-Pacific 10-Year Perspective for Autonomous Vehicles by Application - Percentage Breakdown of Volume Sales for Transportation Application and Defense Application for the Years 2020, 2025 & 2030
- REST OF WORLD
- TABLE 47: Rest of World Recent Past, Current & Future Analysis for Autonomous Vehicles by Application - Transportation Application and Defense Application - Independent Analysis of Annual Sales in Thousand Units for the Years 2024 through 2030 and % CAGR
- TABLE 48: Rest of World Historic Review for Autonomous Vehicles by Application - Transportation Application and Defense Application Markets - Independent Analysis of Annual Sales in Thousand Units for Years 2020 through 2023 and % CAGR
- TABLE 49: Rest of World 10-Year Perspective for Autonomous Vehicles by Application - Percentage Breakdown of Volume Sales for Transportation Application and Defense Application for the Years 2020, 2025 & 2030
IV. COMPETITION
