Autonomous Vehicles Market by Product Type, End-Users, and Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2030

Description

Persistence Market Research has recently released a comprehensive report on the worldwide market for autonomous vehicles. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure. This research publication presents exclusive data and statistics outlining the anticipated growth trajectory of the global autonomous vehicles market from 2023 to 2030.

The autonomous vehicles market is projected to grow at a compound annual growth rate (CAGR) of 40.2 %, leading to an increase in value from US$680.5 million in 2023 to US$7,245.4 million by the conclusion of 2030.

Key Insights

Autonomous Vehicles Market Size (2023E): US$680.5 Mn
Projected Market Value (2030F): US$7,245.4 Mn
Global Market Growth Rate (CAGR 2023 to 2030): 40.2%
Historical Market Growth Rate (CAGR 2018 to 2022): 23.5%

Autonomous Vehicles Market - Report Scope

Autonomous vehicles, or self-driving cars, represent a groundbreaking innovation in the automotive industry. They aim to operate without human intervention, utilizing advanced technologies like sensors, cameras, radar, and AI to enhance safety, efficiency, and convenience in transportation. With the potential to reduce accidents, improve traffic flow, and cater to diverse mobility needs, the market for autonomous vehicles is driven by advancements in sensor tech, AI, connectivity, and a growing demand for efficient and sustainable transportation solutions. This presents significant opportunities for companies involved in software development, sensor manufacturing, and infrastructure development, as the market continues to evolve with changing regulations and increasing consumer acceptance.

Market Growth Drivers for Autonomous Vehicles:

The rapid growth of autonomous vehicles is driven by advanced sensor technologies, including innovations in lidar, radar, and cameras. These sensors provide real-time data, enabling AI systems to make informed decisions, enhancing safety and overall performance. Concurrently, advancements in AI algorithms process sensor data, allowing vehicles to navigate complex environments and make quick decisions. The synergy between advanced sensors and AI is a key force propelling the market's accelerated growth.

Market Restraints

The regulatory landscape poses a significant challenge to the market performance of autonomous vehicles. The absence of standardized regulations, varying across regions and countries, creates hurdles for manufacturers and developers. This lack of clarity may lead to delays, increased compliance costs, and hindered consumer trust. To ensure a smooth market trajectory, there is a crucial need for a coherent and universally accepted regulatory framework, fostering industry collaboration and addressing safety, liability, and ethical concerns.

Market Opportunities

An excellent revenue growth opportunity in the Autonomous Vehicles market is the expansion of Mobility-as-a-Service (MaaS) platforms. Integrating autonomous vehicles into MaaS ecosystems allows companies to offer on-demand transportation services, creating recurring revenue through subscription models or pay-per-ride options. Collaboration with urban planners for optimized routes enhances appeal, addressing last-mile connectivity. Another lucrative avenue is providing advanced fleet management solutions tailored for autonomous vehicles, meeting the rising demand for real-time analytics, predictive maintenance, and route optimization. These solutions empower businesses to enhance operational efficiency and ensure regulatory compliance.

Key Questions Answered in Report:

Which region is expected to have a big part of the market in the future?
What are the main reasons that will increase the demand for autonomous vehicles in the future?
How will ongoing trends affect the worldwide autonomous vehicles market?
Who are the important companies in the market?
What are the important tactics used by major players to improve their positions in this field?

Competitive Intelligence and Business Strategy

Leading organizations such as Mercedes-Benz, BMW, Lyft, Ford, and General Motors dominate the autonomous vehicles market. Competitive intelligence is vital for navigating this dynamic sector, requiring vigilant monitoring of competitors' advancements, market positions, and partnerships. Firms must understand regulatory changes, intellectual property landscapes, and global trends. Harnessing competitive intelligence enables identifying opportunities, mitigating risks, and refining product offerings. Collaborations and mergers often result from this intelligence, providing a competitive edge. Crafting a robust business strategy involves aligning innovation with market demands, considering regulatory compliance, safety, and customer acceptance. Collaborative partnerships enhance market presence, and a focus on scalability and cost efficiency is crucial for sustainable growth.

Key Companies Profiled

Mercedes-Benz Group
BMW AG
Lyft Inc
Ford Motor Company
General Motors
Honda Motors
Nissan Motors
Volvo
Volkswagen
Tesla
Cruise LLC

Autonomous Vehicles Market Research Segmentation

The semi-autonomous segment currently dominates the market, holding a significant share. These vehicles, equipped with advanced driver-assistance systems like adaptive cruise control and lane-keeping assistance, are widely adopted for their incremental approach towards autonomy. Their widespread acceptance and gradual integration into existing fleets define their dominance. Europe is emerging as a dominant region in the Autonomous Vehicles market, driven by renowned automobile manufacturers in France, Italy, and Germany. The region benefits from factors such as innovation, infrastructure development, and regulatory support, with leading manufacturers actively investing in autonomous technologies.

By Type:

Fully Autonomous
Semi-Autonomous

By Vehicle Type:

Passenger Vehicles
Commercial Vehicles
Defense vehicles

By Region:

North America
Europe
East Asia
South Asia & Oceania
Latin America
Middle East & Africa

Product Code: PMRREP33573

1. Executive Summary

1.1. Autonomous Vehicles Market Snapshot, 2023 and 2030
1.2. Market Opportunity Assessment, 2023 - 2030, US$ Mn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Type Lifecycle Analysis
2.4. Autonomous Vehicles Market: Value Chain
- 2.4.1. List of Raw Material Supplier
- 2.4.2. List of Manufacturers
- 2.4.3. List of Distributors
- 2.4.4. List of Applications
- 2.4.5. Profitability Analysis
2.5. Porter Five Force's Analysis
2.6. Geopolitical Tensions: Market Impact
2.7. Macro-Economic Factors
- 2.7.1. Global Sectorial Outlook
- 2.7.2. Global GDP Growth Outlook
- 2.7.3. Global Parent Market Overview
2.8. Forecast Factors - Relevance and Impact
2.9. Regulatory and Technology Landscape

3. Autonomous Vehicles Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

3.1. Key Highlights
- 3.1.1. Market Volume (Units) Projections
- 3.1.2. Market Size and Y-o-Y Growth
- 3.1.3. Absolute $ Opportunity
3.2. Market Size (US$ Mn) Analysis and Forecast
- 3.2.1. Historical Market Size Analysis, 2013-2016
- 3.2.2. Current Market Size Forecast, 2018-2026
3.3. Autonomous Vehicles Market Outlook:Type
- 3.3.1. Introduction / Key Findings
- 3.3.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Type, 2018 - 2022
- 3.3.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2023 - 2030
  - 3.3.3.1. Fully Autonomous
  - 3.3.3.2. Semi Autonomous
3.4. Market Attractiveness Analysis: Type
3.5. Autonomous Vehicles Market Outlook:Vehicle Type
- 3.5.1. Introduction / Key Findings
- 3.5.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Vehicle Type, 2018 - 2022
- 3.5.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Vehicle Type, 2023 - 2030
  - 3.5.3.1. Passenger Cars
  - 3.5.3.2. Commercial Vehicles
  - 3.5.3.3. Defense vehicles
3.6. Market Attractiveness Analysis: Vehicle Type

4. Autonomous Vehicles Market Outlook: Region

4.1. Key Highlights
4.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Region, 2018 - 2022
4.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Region, 2023 - 2030
- 4.3.1. North America
- 4.3.2. Europe
- 4.3.3. East Asia
- 4.3.4. South Asia and Oceania
- 4.3.5. Latin America
- 4.3.6. Middle East & Africa (MEA)
4.4. Market Attractiveness Analysis: Region

5. North America Autonomous Vehicles Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

5.1. Key Highlights
5.2. Pricing Analysis
5.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 5.3.1. By Country
- 5.3.2. By Type
- 5.3.3. By Vehicle Type
5.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 5.4.1. U.S.
- 5.4.2. Canada
5.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2023 - 2030
- 5.5.1. Fully Autonomous
- 5.5.2. Semi Autonomous
5.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Vehicle Type, 2023 - 2030
- 5.6.1. Passenger Cars
- 5.6.2. Commercial Vehicles
- 5.6.3. Defense vehicles
5.7. Market Attractiveness Analysis

6. Europe Autonomous Vehicles Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

6.1. Key Highlights
6.2. Pricing Analysis
6.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 6.3.1. By Country
- 6.3.2. By Type
- 6.3.3. By Vehicle Type
6.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 6.4.1. Germany
- 6.4.2. France
- 6.4.3. U.K.
- 6.4.4. Italy
- 6.4.5. Spain
- 6.4.6. Russia
- 6.4.7. T rkiye
- 6.4.8. Rest of Europe
6.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2023 - 2030
- 6.5.1. Fully Autonomous
- 6.5.2. Semi Autonomous
6.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Vehicle Type, 2023 - 2030
- 6.6.1. Passenger Cars
- 6.6.2. Commercial Vehicles
- 6.6.3. Defense vehicles
6.7. Market Attractiveness Analysis

7. East Asia Autonomous Vehicles Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 7.3.1. By Country
- 7.3.2. By Type
- 7.3.3. By Vehicle Type
7.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 7.4.1. China
- 7.4.2. Japan
- 7.4.3. South Korea
7.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2023 - 2030
- 7.5.1. Fully Autonomous
- 7.5.2. Semi Autonomous
7.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Vehicle Type, 2023 - 2030
- 7.6.1. Passenger Cars
- 7.6.2. Commercial Vehicles
- 7.6.3. Defense vehicles
7.7. Market Attractiveness Analysis

8. South Asia & Oceania Autonomous Vehicles Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 8.3.1. By Country
- 8.3.2. By Type
- 8.3.3. By Vehicle Type
8.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 8.4.1. India
- 8.4.2. Southeast Asia
- 8.4.3. ANZ
- 8.4.4. Rest of South Asia & Oceania
8.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2023 - 2030
- 8.5.1. Fully Autonomous
- 8.5.2. Semi Autonomous
8.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Vehicle Type, 2023 - 2030
- 8.6.1. Passenger Cars
- 8.6.2. Commercial Vehicles
- 8.6.3. Defense vehicles
8.7. Market Attractiveness Analysis

9. Latin America Autonomous Vehicles Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 9.3.1. By Country
- 9.3.2. By Type
- 9.3.3. By Vehicle Type
9.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
9.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2023 - 2030
- 9.5.1. Fully Autonomous
- 9.5.2. Semi Autonomous
9.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Vehicle Type, 2023 - 2030
- 9.6.1. Passenger Cars
- 9.6.2. Commercial Vehicles
- 9.6.3. Defense vehicles
9.7. Market Attractiveness Analysis

10. Middle East & Africa Autonomous Vehicles Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 10.3.1. By Country
- 10.3.2. By Type
- 10.3.3. By Vehicle Type
10.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 10.4.1. GCC
- 10.4.2. Egypt
- 10.4.3. South Africa
- 10.4.4. Northern Africa
- 10.4.5. Rest of Middle East & Africa
10.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2023 - 2030
- 10.5.1. Fully Autonomous
- 10.5.2. Semi Autonomous
10.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Vehicle Type, 2023 - 2030
- 10.6.1. Passenger Cars
- 10.6.2. Commercial Vehicles
- 10.6.3. Defense vehicles
10.7. Market Attractiveness Analysis

11. Competition Landscape

11.1. Market Share Analysis, 2022
11.2. Market Structure
- 11.2.1. Competition Intensity Mapping By Market
- 11.2.2. Competition Semi Autonomous
- 11.2.3. Apparent Product Capacity
11.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 11.3.1. Mercedes-Benz Group
  - 11.3.1.1. Overview
  - 11.3.1.2. Segments and Product
  - 11.3.1.3. Key Financials
  - 11.3.1.4. Market Developments
  - 11.3.1.5. Market Strategy
- 11.3.2. BMW AG
  - 11.3.2.1. Overview
  - 11.3.2.2. Segments and Product
  - 11.3.2.3. Key Financials
  - 11.3.2.4. Market Developments
  - 11.3.2.5. Market Strategy
- 11.3.3. Lyft Inc
  - 11.3.3.1. Overview
  - 11.3.3.2. Segments and Product
  - 11.3.3.3. Key Financials
  - 11.3.3.4. Market Developments
  - 11.3.3.5. Market Strategy
- 11.3.4. Ford Motor Company
  - 11.3.4.1. Overview
  - 11.3.4.2. Segments and Product
  - 11.3.4.3. Key Financials
  - 11.3.4.4. Market Developments
  - 11.3.4.5. Market Strategy
- 11.3.5. General Motors
  - 11.3.5.1. Overview
  - 11.3.5.2. Segments and Product
  - 11.3.5.3. Key Financials
  - 11.3.5.4. Market Developments
  - 11.3.5.5. Market Strategy
- 11.3.6. Honda Motors
  - 11.3.6.1. Overview
  - 11.3.6.2. Segments and Product
  - 11.3.6.3. Key Financials
  - 11.3.6.4. Market Developments
  - 11.3.6.5. Market Strategy
- 11.3.7. Nissan Motors
  - 11.3.7.1. Overview
  - 11.3.7.2. Segments and Product
  - 11.3.7.3. Key Financials
  - 11.3.7.4. Market Developments
  - 11.3.7.5. Market Strategy
- 11.3.8. Volvo
  - 11.3.8.1. Overview
  - 11.3.8.2. Segments and Product
  - 11.3.8.3. Key Financials
  - 11.3.8.4. Market Developments
  - 11.3.8.5. Market Strategy
- 11.3.9. Volkswagen
  - 11.3.9.1. Overview
  - 11.3.9.2. Segments and Product
  - 11.3.9.3. Key Financials
  - 11.3.9.4. Market Developments
  - 11.3.9.5. Market Strategy
- 11.3.10. Tesla
  - 11.3.10.1. Overview
  - 11.3.10.2. Segments and Product
  - 11.3.10.3. Key Financials
  - 11.3.10.4. Market Developments
  - 11.3.10.5. Market Strategy
- 11.3.11. Cruise LLC
  - 11.3.11.1. Overview
  - 11.3.11.2. Segments and Product
  - 11.3.11.3. Key Financials
  - 11.3.11.4. Market Developments
  - 11.3.11.5. Market Strategy

12. Appendix

12.1. Research Methodology
12.2. Research Assumptions
12.3. Acronyms and Abbreviations