Autonomous Vehicle Market Report: Trends, Forecast and Competitive Analysis to 2030

Autonomous Vehicle Trends and Forecast

The future of the global autonomous vehicle market looks promising with opportunities in the fully autonomous and semi-autonomous markets. The global autonomous vehicle market is expected to reach an estimated $133.2 billion by 2030 with a CAGR of 22.0% from 2024 to 2030. The major drivers for this market are increase in global vehicle sales and demand for autonomous vehicles and growing acceptance of contemporary safety systems.

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Autonomous Vehicle by Segment

The study includes a forecast for the global autonomous vehicle by type, vehicle type, and region.

Autonomous Vehicle Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Fully Autonomous
• Semi-Autonomous

Autonomous Vehicle Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:

• Passenger Cars
• Commercial Vehicles
• Others

Autonomous Vehicle Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Autonomous Vehicle Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies autonomous vehicle companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the autonomous vehicle companies profiled in this report include-

• Baidu Apollo
• Toyota Motors
• Aurora
• Denso
• General Motors Company
• Volkswagen
• Nissan Motor
• Cruise
• Volvo
• Ford Motor

Autonomous Vehicle Market Insights

Lucintel forecasts that passenger cars will remain the largest segment over the forecast period due to individuals favor private transportation to evade crowded public transit.

Within this market, semi-autonomous will remain the largest segment due to its characteristics such as ADAS, autopilot, automated braking, and parking systems.

North America will remain the largest region over the forecast period due to government is financing research and development and launching initiatives to facilitate the safe deployment of autonomous vehicles.

Features of the Global Autonomous Vehicle Market

Market Size Estimates: Autonomous vehicle market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Autonomous vehicle market size by type, vehicle type, and region in terms of value ($B).

Regional Analysis: Autonomous vehicle market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, vehicle type, and regions for the autonomous vehicle market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the autonomous vehicle market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the autonomous vehicle market size?

Answer: The global autonomous vehicle market is expected to reach an estimated $133.2 billion by 2030.

Q2. What is the growth forecast for autonomous vehicle market?

Answer: The global autonomous vehicle market is expected to grow with a CAGR of 22.0% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the autonomous vehicle market?

Answer: The major drivers for this market are increase in global vehicle sales and demand for autonomous vehicles and growing acceptance of contemporary safety systems.

Q4. What are the major segments for autonomous vehicle market?

Answer: The future of the autonomous vehicle market looks promising with opportunities in the fully autonomous and semi-autonomous markets.

Q5. Who are the key autonomous vehicle market companies?

Answer: Some of the key autonomous vehicle companies are as follows.

• Baidu Apollo
• Toyota Motors
• Aurora
• Denso
• General Motors Company
• Volkswagen
• Nissan Motor
• Cruise
• Volvo
• Ford Motor

Q6. Which autonomous vehicle market segment will be the largest in future?

Answer: Lucintel forecasts that passenger cars will remain the largest segment over the forecast period due to individuals favor private transportation to evade crowded public transit.

Q7. In autonomous vehicle market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to government is financing research and development and launching initiatives to facilitate the safe deployment of autonomous vehicles.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the autonomous vehicle market by type (fully autonomous and semi-autonomous), vehicle type (passenger cars, commercial vehicles, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?