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Market Research Report
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1092044

Autonomous Vehicle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Published: | IMARC Services Private Limited | 144 Pages | Delivery time: 2-3 business days

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Autonomous Vehicle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
Published: June 13, 2022
IMARC Services Private Limited
Content info: 144 Pages
Delivery time: 2-3 business days
  • Description
  • Table of Contents
  • List of Tables

The global autonomous vehicle market reached a value of US$ 42.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 297.3 Billion by 2027, exhibiting a CAGR of 38.4% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Autonomous vehicle (AV), or a driverless vehicle, refers to an automobile that can operate independently without any human intervention. It can perform necessary functions by sensing and responding to external conditions and surroundings through superior and in-built programs. It consists of advanced sensor technology, advanced driver assistance system (ADAS), complex algorithm processors, smart control systems and actuators to gather information and perform tasks and responsive actions, such as steering, braking and acceleration. In comparison to the human-driven vehicles, AVs offer increased safety on the road, minimize human errors and fatigue and can be driven by individuals with physical disabilities.

Significant growth in the automotive industry, along with rapid digitization, represents one of the key factors creating a positive outlook for the market. Furthermore, the increasing requirement for safe and efficient mode of transportation is also driving the market growth. This has resulted to a growing preference among consumers for AVs with internet connectivity, safety alerts, automatic crash notifications and enhanced engine controls. Additionally, various technological advancements, such as the integration of artificial intelligence (AI), robotics, machine learning (ML) and the Internet of Things (IoT), are acting as other growth-inducing factors. In line with this, AV manufacturers are also using efficient light detection and ranging (LiDAR) and radio detection and ranging (RADAR) sensing technology for extensive monitoring and generation of 3D maps of the surroundings. Other factors, including the implementation of favorable government policies promoting auto-tech, along with innovations in connected vehicle technology and dynamic mobility applications, are anticipated to drive the market further.

Key Market Segmentation:

  • IMARC Group provides an analysis of the key trends in each sub-segment of the global autonomous vehicle market, along with forecasts at the global, regional and country level from 2022-2027.Our report has categorized the market based on component, level of automation and application.

Breakup by Component:

  • Hardware
  • Software and Services

Breakup by Level of Automation:

  • Level 3
  • Level 4
  • Level 5

Breakup by Application:

  • Transportation and Logistics
  • Military and Defense

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

  • The competitive landscape of the industry has also been examined along with the profiles of the key players being AB Volvo, AUDI Aktiengesellschaft (Volkswagen Group), Bayerische Motoren Werke AG, Daimler AG, Ford Motor Company, General Motors, Tesla Inc., Toyota Motor Corporation, Uber Technologies Inc. and Waymo LLC (Alphabet Inc.).

Key Questions Answered in This Report:

  • How has the global autonomous vehicle market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global autonomous vehicle market?
  • What are the key regional markets?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the level of automation?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global autonomous vehicle market and who are the key players?
  • What is the degree of competition in the industry?
Product Code: SR0622A171_Report

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Autonomous Vehicle Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Component

  • 6.1 Hardware
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Software and Services
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast

7 Market Breakup by Level of Automation

  • 7.1 Level 3
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Level 4
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Level 5
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast

8 Market Breakup by Application

  • 8.1 Transportation and Logistics
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Military and Defense
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast

9 Market Breakup by Region

  • 9.1 North America
    • 9.1.1 United States
      • 9.1.1.1 Market Trends
      • 9.1.1.2 Market Forecast
    • 9.1.2 Canada
      • 9.1.2.1 Market Trends
      • 9.1.2.2 Market Forecast
  • 9.2 Asia-Pacific
    • 9.2.1 China
      • 9.2.1.1 Market Trends
      • 9.2.1.2 Market Forecast
    • 9.2.2 Japan
      • 9.2.2.1 Market Trends
      • 9.2.2.2 Market Forecast
    • 9.2.3 India
      • 9.2.3.1 Market Trends
      • 9.2.3.2 Market Forecast
    • 9.2.4 South Korea
      • 9.2.4.1 Market Trends
      • 9.2.4.2 Market Forecast
    • 9.2.5 Australia
      • 9.2.5.1 Market Trends
      • 9.2.5.2 Market Forecast
    • 9.2.6 Indonesia
      • 9.2.6.1 Market Trends
      • 9.2.6.2 Market Forecast
    • 9.2.7 Others
      • 9.2.7.1 Market Trends
      • 9.2.7.2 Market Forecast
  • 9.3 Europe
    • 9.3.1 Germany
      • 9.3.1.1 Market Trends
      • 9.3.1.2 Market Forecast
    • 9.3.2 France
      • 9.3.2.1 Market Trends
      • 9.3.2.2 Market Forecast
    • 9.3.3 United Kingdom
      • 9.3.3.1 Market Trends
      • 9.3.3.2 Market Forecast
    • 9.3.4 Italy
      • 9.3.4.1 Market Trends
      • 9.3.4.2 Market Forecast
    • 9.3.5 Spain
      • 9.3.5.1 Market Trends
      • 9.3.5.2 Market Forecast
    • 9.3.6 Russia
      • 9.3.6.1 Market Trends
      • 9.3.6.2 Market Forecast
    • 9.3.7 Others
      • 9.3.7.1 Market Trends
      • 9.3.7.2 Market Forecast
  • 9.4 Latin America
    • 9.4.1 Brazil
      • 9.4.1.1 Market Trends
      • 9.4.1.2 Market Forecast
    • 9.4.2 Mexico
      • 9.4.2.1 Market Trends
      • 9.4.2.2 Market Forecast
    • 9.4.3 Others
      • 9.4.3.1 Market Trends
      • 9.4.3.2 Market Forecast
  • 9.5 Middle East and Africa
    • 9.5.1 Market Trends
    • 9.5.2 Market Breakup by Country
    • 9.5.3 Market Forecast

10 SWOT Analysis

  • 10.1 Overview
  • 10.2 Strengths
  • 10.3 Weaknesses
  • 10.4 Opportunities
  • 10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

  • 12.1 Overview
  • 12.2 Bargaining Power of Buyers
  • 12.3 Bargaining Power of Suppliers
  • 12.4 Degree of Competition
  • 12.5 Threat of New Entrants
  • 12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

  • 14.1 Market Structure
  • 14.2 Key Players
  • 14.3 Profiles of Key Players
    • 14.3.1 AB Volvo
      • 14.3.1.1 Company Overview
      • 14.3.1.2 Product Portfolio
      • 14.3.1.3 Financials
      • 14.3.1.4 SWOT Analysis
    • 14.3.2 AUDI Aktiengesellschaft (Volkswagen Group)
      • 14.3.2.1 Company Overview
      • 14.3.2.2 Product Portfolio
      • 14.3.2.3 Financials
      • 14.3.2.4 SWOT Analysis
    • 14.3.3 Bayerische Motoren Werke AG
      • 14.3.3.1 Company Overview
      • 14.3.3.2 Product Portfolio
      • 14.3.3.3 Financials
      • 14.3.3.4 SWOT Analysis
    • 14.3.4 Daimler AG
      • 14.3.4.1 Company Overview
      • 14.3.4.2 Product Portfolio
      • 14.3.4.3 Financials
      • 14.3.4.4 SWOT Analysis
    • 14.3.5 Ford Motor Company
      • 14.3.5.1 Company Overview
      • 14.3.5.2 Product Portfolio
      • 14.3.5.3 Financials
      • 14.3.5.4 SWOT Analysis
    • 14.3.6 General Motors
      • 14.3.6.1 Company Overview
      • 14.3.6.2 Product Portfolio
      • 14.3.6.3 Financials
      • 14.3.6.4 SWOT Analysis
    • 14.3.7 Tesla Inc.
      • 14.3.7.1 Company Overview
      • 14.3.7.2 Product Portfolio
      • 14.3.7.3 Financials
      • 14.3.7.4 SWOT Analysis
    • 14.3.8 Toyota Motor Corporation
      • 14.3.8.1 Company Overview
      • 14.3.8.2 Product Portfolio
      • 14.3.8.3 Financials
      • 14.3.8.4 SWOT Analysis
    • 14.3.9 Uber Technologies Inc.
      • 14.3.9.1 Company Overview
      • 14.3.9.2 Product Portfolio
      • 14.3.9.3 Financials
    • 14.3.10 Waymo LLC (Alphabet Inc.)
      • 14.3.10.1 Company Overview
      • 14.3.10.2 Product Portfolio

List of Figures

  • Figure 1: Global: Autonomous Vehicle Market: Major Drivers and Challenges
  • Figure 2: Global: Autonomous Vehicle Market: Sales Value (in Billion US$), 2016-2021
  • Figure 3: Global: Autonomous Vehicle Market Forecast: Sales Value (in Billion US$), 2022-2027
  • Figure 4: Global: Autonomous Vehicle Market: Breakup by Component (in %), 2021
  • Figure 5: Global: Autonomous Vehicle Market: Breakup by Level of Automation (in %), 2021
  • Figure 6: Global: Autonomous Vehicle Market: Breakup by Application (in %), 2021
  • Figure 7: Global: Autonomous Vehicle Market: Breakup by Region (in %), 2021
  • Figure 8: Global: Autonomous Vehicle (Hardware) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 9: Global: Autonomous Vehicle (Hardware) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 10: Global: Autonomous Vehicle (Software and Services) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 11: Global: Autonomous Vehicle (Software and Services) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 12: Global: Autonomous Vehicle (Level 3) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 13: Global: Autonomous Vehicle (Level 3) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 14: Global: Autonomous Vehicle (Level 4) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 15: Global: Autonomous Vehicle (Level 4) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 16: Global: Autonomous Vehicle (Level 5) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 17: Global: Autonomous Vehicle (Level 5) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 18: Global: Autonomous Vehicle (Transportation and Logistics) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 19: Global: Autonomous Vehicle (Transportation and Logistics) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 20: Global: Autonomous Vehicle (Military and Defense) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 21: Global: Autonomous Vehicle (Military and Defense) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 22: North America: Autonomous Vehicle Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 23: North America: Autonomous Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 24: North America: Autonomous Vehicle Market: Breakup by Country (in %), 2021
  • Figure 25: United States: Autonomous Vehicle Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 26: United States: Autonomous Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 27: Canada: Autonomous Vehicle Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 28: Canada: Autonomous Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 29: Asia-Pacific: Autonomous Vehicle Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 30: Asia-Pacific: Autonomous Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 31: Asia-Pacific: Autonomous Vehicle Market: Breakup by Country (in %), 2021
  • Figure 32: China: Autonomous Vehicle Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 33: China: Autonomous Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 34: Japan: Autonomous Vehicle Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 35: Japan: Autonomous Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 36: India: Autonomous Vehicle Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 37: India: Autonomous Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 38: South Korea: Autonomous Vehicle Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 39: South Korea: Autonomous Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 40: Australia: Autonomous Vehicle Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 41: Australia: Autonomous Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 42: Indonesia: Autonomous Vehicle Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 43: Indonesia: Autonomous Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 44: Others: Autonomous Vehicle Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 45: Others: Autonomous Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 46: Europe: Autonomous Vehicle Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 47: Europe: Autonomous Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 48: Europe: Autonomous Vehicle Market: Breakup by Country (in %), 2021
  • Figure 49: Germany: Autonomous Vehicle Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 50: Germany: Autonomous Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 51: France: Autonomous Vehicle Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 52: France: Autonomous Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 53: United Kingdom: Autonomous Vehicle Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 54: United Kingdom: Autonomous Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 55: Italy: Autonomous Vehicle Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 56: Italy: Autonomous Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 57: Spain: Autonomous Vehicle Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 58: Spain: Autonomous Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 59: Russia: Autonomous Vehicle Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 60: Russia: Autonomous Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 61: Others: Autonomous Vehicle Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 62: Others: Autonomous Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 63: Latin America: Autonomous Vehicle Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 64: Latin America: Autonomous Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 65: Latin America: Autonomous Vehicle Market: Breakup by Country (in %), 2021
  • Figure 66: Brazil: Autonomous Vehicle Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 67: Brazil: Autonomous Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 68: Mexico: Autonomous Vehicle Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 69: Mexico: Autonomous Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 70: Others: Autonomous Vehicle Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 71: Others: Autonomous Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 72: Middle East and Africa: Autonomous Vehicle Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 73: Middle East and Africa: Autonomous Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 74: Middle East and Africa: Autonomous Vehicle Market: Breakup by Country (in %), 2021
  • Figure 75: Global: Autonomous Vehicle Industry: SWOT Analysis
  • Figure 76: Global: Autonomous Vehicle Industry: Value Chain Analysis
  • Figure 77: Global: Autonomous Vehicle Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Autonomous Vehicle Market: Key Industry Highlights, 2021 and 2027
  • Table 2: Global: Autonomous Vehicle Market Forecast: Breakup by Component (in Million US$), 2022-2027
  • Table 3: Global: Autonomous Vehicle Market Forecast: Breakup by Level of Automation (in Million US$), 2022-2027
  • Table 4: Global: Autonomous Vehicle Market Forecast: Breakup by Application (in Million US$), 2022-2027
  • Table 5: Global: Autonomous Vehicle Market Forecast: Breakup by Region (in Million US$), 2022-2027
  • Table 6: Global: Autonomous Vehicle Market: Competitive Structure
  • Table 7: Global: Autonomous Vehicle Market: Key Players