Autonomous Cars Market, By Component Type (CAMERA, LiDAR, Radar, and Ultrasonic Sensor), By Fuel Type (Internal Combustion Engine (ICE), By Hybrid Electric Vehicle (HEV), and By Battery Electric Vehicle (BEV)), By Application (Passenger Cars and Commercial Vehicles), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Trends, Analysis and Forecast till 2029

Report Code: PMI23119 | Publish Date: March 2024 | No. of Pages: 168

Global Autonomous Cars Market By Overview

Introduction:

A self-driving car, also known as an autonomous vehicle (AV or auto), driverless car, or robotic automobile (robo-car), is a vehicle that can sense its surroundings and drive safely with little or no human intervention. Radar, lidar, sonar, GPS, odometry, and inertial measurement units are among the sensors used by self-driving automobiles to sense their environment. Sensory data is interpreted by advanced control systems to determine acceptable navigation courses, as well as obstacles and necessary signage. Sensors and cameras are the most important components of autonomous vehicles. Lidar acts as an eye for self-driving vehicles since it gives a 360-degree picture of the environment, allowing vehicles to travel safely on their own. Many autonomous vehicles use it to navigate their surrounds in real time. Its benefits include accurate depth perception, which allows LiDAR to determine the distance to an object to within a few centimetres, even at distances of up to 60 metres. It's also great for 3D mapping, which means returning cars can navigate the area more predictably, which is a big plus for most self-driving technology. The Autonomous Cars market accounted for US$ 22.67 billion in 2020 and is estimated to be US$ 135.94 billion by 2030 and is anticipated to register a CAGR of 19.8%.

Global Autonomous Cars Market By Dynamics

Lidar Technologies will drive the growth of the Market

Sensors and cameras are the most important components of autonomous vehicles. Lidar acts as an eye for self-driving vehicles since it gives a 360-degree picture of the environment, allowing vehicles to travel safely on their own. Many autonomous vehicles use it to navigate their surrounds in real time. Its benefits include accurate depth perception, which allows LiDAR to determine the distance to an object to within a few centimetres, even at distances of up to 60 metres. It's also great for 3D mapping, which means returning cars can navigate the area more predictably, which is a big plus for most self-driving technology.  

Rise in demand for connected cars using internet of things (IOT)

Car drivers can enhance their performance by receiving real-time feedback from high-speed in-memory processing systems embedded into linked cars, thanks to the Internet of Things. These built-in computers have functions such as data collection, analysis, and storage, which aid in decision-making. Autonomous and semi-autonomous vehicles are projected to benefit from the widespread deployment of linked cars.

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Global Autonomous Cars Market By Segmentation

On region the Global Autonomous Cars market is segmented based on type, level of automation, components, fuel type and region.

On the basis of Type, the Global Autonomous Cars market is segmented into Semi-autonomous Vehicles and Fully-autonomous Vehicles. Based on Level of Automation, the target market is segmented into Level 1, Level 2&3 & Autonomous Vehicles. Based on Components, the target market is segmented into AI, Radar, LIDAR, Camera and Ultrasonic Sensor. Based on Fuel Type, the target market is segmented into ICE, EV.

Regional Insights:                               

On region the Global Autonomous Cars market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. During the forecast period, North America is expected to dominate the market. The region has been a pioneer in the field of autonomous vehicles due to factors such as strong and established automotive firm clusters, as well as being home to some of the world's largest technological giants such as Google, Microsoft, Apple, and others. Self-driving cars have already been tested and used in California, Texas, Arizona, Washington, Michigan, and other places in the United States, particularly in California. Their mobility, on the other hand, is currently limited to specified test sites and driving conditions. Following North America, Asia-Pacific is predicted to increase positively over the projection period, owing to factors such as China's position as the world's largest automotive market, the manufacturing capabilities of nations such as Japan and South Korea, as well as growing economies like as India.

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Report Scope:

Attribute

Details

Base year for estimation

2020

Forecast period

2020 – 2030

Market representation

Revenue in USD Million & CAGR from 2020 – 2029

Market Segmentation

By Type- Semi-autonomous Vehicles and Fully-autonomous Vehicles

By Level of Automation– Level 1, Level 2&3 & Autonomous Vehicles

By Components- AI, Radar, LIDAR, Camera and Ultrasonic Sensor

By Fuel Type- ICE and EV

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the Global Autonomous Cars market report based on Type, Level of automation, Components, Fuel Type and region.

Global Autonomous Cars market, By Region:

      • North America
          • U.S.
          • Canada
      • Europe
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Global Autonomous Cars Market By Key Players

The key players operating in the car subscription market are Volkswagen (Germany), Daimler (Germany), Nissan Motor (Japan), Robert Bosch (Germany), Continental AG (Germany), Google (US), Cisco Systems (US), Tesla (US), and Visteon (US) and suppliers such as Continental (Germany), Robert Bosch (Germany), Delphi Automotive (UK), Denso (Japan), and Valeo (France).  Many key player in the automobile sector, from hardware to software companies, have begun to focus on the developing trend of autonomous driving technologies. As a result, during the last three years, the automotive sector has seen a tremendous surge in partnerships, collaborations, and investments aimed at producing autonomous vehicles (i.e., 2018-2020). They are expected to continue growing during the projection period, owing to increased government and private sector backing for autonomous driving vehicle technologies in a number of nations.

Global Autonomous Cars Market By Key Issues Addressed

Recent Highlights:

  • Volvo Group and NVIDIA signed an agreement in March 2021 to collaborate on the decision-making system for autonomous commercial vehicles and machines. The final system will be intended to manage completely autonomous driving on public roads and highways securely, thanks to NVIDIA's end-to-end artificial intelligence platform for training, simulation, and in-vehicle computing.
  • Aurora stated in February 2021 that it had formed a strategic partnership with Toyota and Denso to develop and deploy self-driving cars on a broad scale. Starting with the Toyota Sienna, the cooperation will build and test driverless vehicles outfitted with the Aurora Driver. Companies plan to start testing an initial fleet of Siennas by the end of 2021.
  • Baidu Apollo stated in January 2021 that the California Department of Motor Vehicles (DMV) has granted Baidu a permit. The permission will allow the business to test self-driving cars on public roads throughout the state.

Global Autonomous Cars Market By Company Profile

  • Volkswagen
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Daimler
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Nissan Motor
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Robert Bosch
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Continental AG
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Cisco Systems
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Tesla
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Visteon
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

Global Autonomous Cars Market By Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Preview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Component Type
      • Market Snippet, By Fuel Type
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Opportunity Map Analysis
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Market Trends
    • Product Launch
    • Pipeline Analysis
    • Merger and Acquisitions
    • Recent Approvals
    • Epidemiology
    • Impact Analysis
    • PEST Analysis
    • Porter’s Analysis
  4. Market Segmentation, By Component Type, 2018 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2018 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • Camera
      • Overview
      • Market Size and Forecast, (US$ Mn), and Y-o-Y Growth (%), 2018 – 2029
    • LiDAR
      • Overview
      • Market Size and Forecast, (US$ Mn), and Y-o-Y Growth (%), 2018 – 2029
    • RADAR
      • Overview
      • Market Size and Forecast, (US$ Mn), and Y-o-Y Growth (%), 2018 – 2029
    • Ultrasonic Sensors
      • Overview
      • Market Size and Forecast, (US$ Mn), and Y-o-Y Growth (%), 2018 – 2029
  5. Market Segmentation, Fuel Type, 2018 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2018 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • Internal Combustion Engine (ICE)
      • Overview
      • Market Size and Forecast, (US$ Mn), and Y-o-Y Growth (%), 2018 – 2029
    • Hybrid Electric Vehicle (HEV)
      • Overview
      • Market Size and Forecast, (US$ Mn), and Y-o-Y Growth (%), 2018 – 2029
    • Battery Electric Vehicle
      • Overview
      • Market Size and Forecast, (US$ Mn), and Y-o-Y Growth (%), 2018 – 2029
  6. Market Segmentation, By Application, 2018 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2018 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • Passenger Cars
      • Overview
      • Market Size and Forecast, (US$ Mn), and Y-o-Y Growth (%), 2018 – 2029
    • Commercial Vehicles
      • Overview
      • Market Size and Forecast, (US$ Mn), and Y-o-Y Growth (%), 2018 – 2029
  7. Global Market, By Region, 2018 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2018 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Regional Trends
    • North America
      • Market Size and Forecast, (US$ Mn), By Component Type, 2018 – 2029
      • Market Size and Forecast, (US$ Mn), By Fuel Type, 2018 – 2029
      • Market Size and Forecast, (US$ Mn), By Application, 2018 – 2029
      • Market Size and Forecast, (US$ Mn), By Country, 2018 – 2029

Ø  U.S.

Ø  Canada

  1. Europe
    • Market Size and Forecast, (US$ Mn), By Component Type, 2018 – 2029
    • Market Size and Forecast, (US$ Mn), By Fuel Type, 2018 – 2029
    • Market Size and Forecast, (US$ Mn), By Application, 2018 – 2029
    • Market Size and Forecast, (US$ Mn), By Country, 2018 – 2029

Ø  Germany

Ø  UK

Ø  France

Ø  Russia

Ø  Italy

Ø  Switzerland

Ø  Sweden

Ø  Rest of Europe           

  1. Asia Pacific
    • Market Size and Forecast, (US$ Mn), By Component Type, 2018 – 2029
    • Market Size and Forecast, (US$ Mn), By Fuel Type, 2018 – 2029
    • Market Size and Forecast, (US$ Mn), By Application, 2018 – 2029
    • Market Size and Forecast, (US$ Mn), By Country, 2018 – 2029

Ø  China

Ø  India

Ø  Australia & New Zealand

Ø  Japan

Ø  South Korea

Ø  Rest of Asia Pacific

  1. Latin America
    • Market Size and Forecast, (US$ Mn), By Component Type, 2018 – 2029
    • Market Size and Forecast, (US$ Mn), By Fuel Type, 2018 – 2029
    • Market Size and Forecast, (US$ Mn), By Application, 2018 – 2029
    • Market Size and Forecast, (US$ Mn), By Country, 2018 – 2029

Ø  Brazil

Ø  Mexico

Ø  Argentina and Chile

Ø  Rest of Latin America

  1. Middle East
    • Market Size and Forecast, (US$ Mn), By Component Type, 2018 – 2029
    • Market Size and Forecast, (US$ Mn), By Fuel Type, 2018 – 2029
    • Market Size and Forecast, (US$ Mn), By Application, 2018 – 2029
    • Market Size and Forecast, (US$ Mn), By Country, 2018 – 2029

Ø  GCC

Ø  Israel

Ø  Rest of Middle East

  1. Africa
    • Market Size and Forecast, (US$ Mn), By Component Type, 2018 – 2029
    • Market Size and Forecast, (US$ Mn), By Fuel Type, 2018 – 2029
    • Market Size and Forecast, (US$ Mn), By Application, 2018 – 2029
    • Market Size and Forecast, (US$ Mn), By Country, 2018 – 2029

Ø  South Africa

Ø  Central Africa

Ø  North Africa

  1. Competitive Landscape
    • Heat Map Analysis
    • Company Profiles
      • Tesla Inc.*

Ø  Company Overview

Ø  Product Portfolio

Ø  Key Highlights

Ø  Financial Overview

Ø  Business Strategy

  1.  
    • Ford Motors

Ø  Company Overview

Ø  Product Portfolio

Ø  Key Highlights

Ø  Financial Overview

Ø  Business Strategy

  1.  
    • General Motors

Ø  Company Overview

Ø  Product Portfolio

Ø  Key Highlights

Ø  Financial Overview

Ø  Business Strategy

  1.  
    • Volkswagen Group

Ø  Company Overview

Ø  Product Portfolio

Ø  Key Highlights

Ø  Financial Overview

Ø  Business Strategy

  1.  
    • BMW Group

Ø  Company Overview

Ø  Product Portfolio

Ø  Key Highlights

Ø  Financial Overview

Ø  Business Strategy

  1.  
    • Renault-Nissan-Mitsubishi Alliance.

Ø  Company Overview

Ø  Product Portfolio

Ø  Key Highlights

Ø  Financial Overview

Ø  Business Strategy

  1.  
    • Audi AG

Ø  Company Overview

Ø  Product Portfolio

Ø  Key Highlights

Ø  Financial Overview

Ø  Business Strategy

  1.  
    • The Hyundai Motor Company

Ø  Company Overview

Ø  Product Portfolio

Ø  Key Highlights

Ø  Financial Overview

Ø  Business Strategy

  1.  
    • Honda Motor Company, Ltd.

Ø  Company Overview

Ø  Product Portfolio

Ø  Key Highlights

Ø  Financial Overview

Ø  Business Strategy

  1.  
    • Toyota Motor Corporation

Ø  Company Overview

Ø  Product Portfolio

Ø  Key Highlights

Ø  Financial Overview

Ø  Business Strategy

  1.  
    • Mercedes Benz

Ø  Company Overview

Ø  Product Portfolio

Ø  Key Highlights

Ø  Financial Overview

Ø  Business Strategy

  1.  
    • Kia Motors

Ø  Company Overview

Ø  Product Portfolio

Ø  Key Highlights

Ø  Financial Overview

Ø  Business Strategy

  1. Analyst Views
  2. Section
    • Research Methodology
    • About Us
    • Contact

 

FAQs

Global Autonomous Cars market is segmented based on type, level of automation, components, fuel type and region.

Rise in demand for connected cars using internet of things (IOT) is major factor driving the market.

During the forecast period, North America is expected to dominate the market.

The key players operating in the car subscription market are Volkswagen (Germany), Daimler (Germany), Nissan Motor (Japan), Robert Bosch (Germany), Continental AG (Germany), Google (US), Cisco Systems (US), Tesla (US), and Visteon (US).