Introduction:

The autonomous vehicle is also known as self-driving vehicles uses artificial intelligence (AI) software, light detection & ranging (LiDAR), and RADAR sensing technology, which is further used to monitor a 60-meter range around the car and to form an active 3D map of the current environment. The vehicle is designed to travel between destinations without a human operator. They combine sensors and software to control, navigate, and drive the vehicle. The autonomous vehicle uses LiDAR, RADAR sensors for its operation. Most self-driving systems create and maintain an internal map of their surroundings, based on a wide array of sensors, like radar. The Autonomous Vehicle Market accounted for US$ 14.5 billion in 2020 and is estimated to be US$ 97.91 billion by 2030 and is anticipated to register a CAGR of 21.3%.

Rising initiatives by government bodies

The major factor driving the global autonomous vehicle market is Development of smart cities and rise in demand for connected cars using the internet of things (IoT), help solve the problem of traffic congestion. The increasing investments from the automakers, the rising consumer demands, and technology advancements in the automotive industry have led to the increased demand for driverless vehicles in the global market.  In the current scenario, self-driving is not just limited to cars but is also gaining popularity among public transport and trucks. Thus, most of the enterprise sectors including retail, manufacturing, transportation and logistics will prefer autonomous vehicles for delivery purposes in the future.  The rapid growth of economies ensures robust development from transport infrastructure to the development of smart cities. Many countries are deploying digital infrastructure to facilitate connectivity between vehicles and infrastructures to gather vital information, and thereby, reduce traffic congestion and increase road safety. The rise in the development of smart cities is expected to significantly drive the global autonomous vehicle market. Due to constant technological advancements, the software in the autonomous vehicle needs to be frequently upgraded to keep them compatible with the external environment. Also, the cost of all components and the sensor assembly in autonomous cars is more than emerging vehicles. Moreover, the ratio of premium consumers to that of economic consumers is very less globally, as it is difficult for ordinary people to afford high-end cars. Therefore, high initial cost coupled with maintenance cost hamper the adoption of the autonomous vehicles. Through the Internet of Things, car drivers improve their performance by receiving real-time feedback from high-speed in-memory computing systems inbuilt in connected cars. These inbuilt computers offer features such as collecting, analyzing and storing data which helps for making decisions. The wide adoption of connected cars is expected to create lucrative opportunities for autonomous and semi-autonomous vehicles.

The autonomous vehicle market is segmented based on level of automation, component, application, and region.

Based on the level of automation, the global automation vehicle market is segmented into level 3, level 4, and level 5. Based on the component, the global market is classified into hardware, software, and service. Based on the application, the target market is bifurcated into civil, robot taxi, ride-hail, rideshare, a self-driving truck, and self-driving bus.

Regional Insights:

The global autonomous vehicle market accounted for US$ 14.5 billion in 2020 and is estimated to be US$ 97.91 billion by 2030 and is anticipated to register a CAGR of 21.3%. On region the global autonomous vehicle market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America accounts highest revenue share to the global autonomous vehicle market, due to the availability of high-end infrastructure, rising investments from automakers, and government initiatives. Asia Pacific autonomous vehicle market is projected to register a high CAGR over the forecast period owing to the government bodies too are supporting electric vehicles.

Report Scope:

Attribute	Details
Base year for estimation	2020
Forecast period	2020 – 2030
Market representation	Revenue in USD Billion & CAGR from 2020 – 2030
Market Segmentation	By Level of Automation- Level 3, Level 4, and Level 5 By Component- Hardware, Software, and Service By Application– Civil, Robo Taxi, Ride Hail, Rideshare, Self-driving Truck, and Self-driving bus
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 2020 to 2030. For the purpose of this study, has segmented the global autonomous vehicle market report based on level of automation, component, application, and region.

Global Autonomous Vehicle 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

The key players operating the global autonomous vehicle market involves BMW AG, Daimler AG, Ford Motor Company, General Motors, Groupe SA, Renault-Nissan-Mitsubishi Alliance, Tesla Inc., Toyota Motor Corporation, Volkswagen Group, and Volvo-Autoliv-Ericson-Zinuity Alliance. Prominent players operating in the target market are focusing on strategic partnerships as well as the launching of the products to gain a competitive edge in the target market. For instance, in December 2019, Volkswagen and Qatar Investment Authority teamed up to put self-driving into EC’s.

• BMW AG
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Daimler AG
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Ford Motor Company
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• General Motors
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Groupe SA
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Renault-Nissan-Mitubishi Alliance
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Tesla Inc.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Toyota Motor Corporation
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Volkswagen Group
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Volvo-Autoliv-Ericson-Zinuity Alliance
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

1. Research Objective and Assumption
   • Preface
   • Research Objectives
   • Study Scope
   • Years Considered for the study
   • Assumptions
   • Abbreviations
2. Research Methodology
   • Research data
   • Primary Data
     • Primary Interviews
     • Primary Breakdown
     • Key data from Primary Sources
     • Key Industry Insights
   • Secondary Data
     • Major Secondary Sources
     • Secondary Sources
   • Market Estimation
   • Top-Down Approach
     • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
   • Bottom-Up Approach
     • Approach for estimating market share by Bottom-up Analysis (Demand Side)
   • Market Breakdown and Data Triangulation
   • Research Assumptions
3. Market Preview
   • Executive Summary
   • Key Findings—Global Outlook for Autonomous Vehicle  Strategies
     • Key Questions this Study will Answer
     • Market Snippet, By Level of Automation
     • Market Snippet, By Component
     • Market Snippet, By Application
     • Market Snippet, By Region
   • Opportunity Map Analysis
   • Executive Summary—3 Big Predictions
4. Market Dynamics, Regulations, and Trends Analysis
   • Market Dynamics
     • Drivers
     • Restraints
     • Market Opportunities
     • Market Trends
   • DR Impact Analysis
   • PEST Analysis
   • Porter’s Five Forces Analysis
   • Opportunity Orbit
   • Market Investment Feasibility Index
   • Macroeconomic Factor Analysis
5. Market Segmentation, By Product and Service, 2020 – 2030, (US$ Mn)
6. Market Segmentation, By Level of Automation, 2020 – 2030, (US$ Mn)
   • Overview
     • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
     • Y-o-Y Growth Analysis (%), 2020 – 2030
     • Segment Trends
   • Level 3
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
   • Level 4
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
   • Level 5
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
7. Market Segmentation, By Component, 2020 – 2030, (US$ Mn)
   • Overview
     • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
     • Y-o-Y Growth Analysis (%), 2020 – 2030
     • Segment Trends
   • Hardware
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
   • Software
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
   • Service
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
8. Market Segmentation, By Application, 2020 – 2030, (US$ Mn)
   • Overview
     • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
     • Y-o-Y Growth Analysis (%), 2020 – 2030
     • Segment Trends
   • Civil
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
   • Robo taxi
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
   • Ride hail
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
   • Rideshare
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
   • Self-driving truck
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
   • Self-driving bus
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
9. Global Market, By Region, 2020 – 2030, (US$ Mn)
   • Overview
     • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
     • Y-o-Y Growth Analysis (%), 2020 – 2030
     • Regional Trends
   • North America
     • Market Size and Forecast (US$ Mn), By Level of Automation, 2020 – 2030
     • Market Size and Forecast (US$ Mn), By Component, 2020 – 2030
     • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
     • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
       • U.S.
       • Canada
   • Europe
     • Market Size and Forecast (US$ Mn), By Level of Automation, 2020 – 2030
     • Market Size and Forecast (US$ Mn), By Component, 2020 – 2030
     • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
     • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
       • Germany
       • UK
       • France
       • Russia
       • Italy
       • Rest of Europe
   • Asia Pacific
     • Market Size and Forecast (US$ Mn), By Level of Automation, 2020 – 2030
     • Market Size and Forecast (US$ Mn), By Component, 2020 – 2030
     • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
     • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
       • China
       • India
       • Japan
       • South Korea
       • Rest of Asia Pacific
   • Latin America
     • Market Size and Forecast (US$ Mn), By Level of Automation, 2020 – 2030
     • Market Size and Forecast (US$ Mn), By Component, 2020 – 2030
     • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
     • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
       • Brazil
       • Mexico
       • Rest of Latin America
   • Middle East & Africa
     • Market Size and Forecast (US$ Mn), By Level of Automation, 2020 – 2030
     • Market Size and Forecast (US$ Mn), By Component, 2020 – 2030
     • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
     • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
       • GCC
       • Israel
       • South Africa
       • Rest of Middle East
10. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
11. Company Profiles
    •  
      • BMW AG
        • Company Overview
        • Product and Portfolio
        • Key Highlights
        • Financial Overview
        • Business Strategies
      • Daimler AG
      • Ford Motor Company
      • General Motors
      • Groupe SA
      • Renault-Nissan-Mitubishi Alliance
      • Tesla Inc.
      • Toyota Motor Corporation
      • Volkswagen Group
      • Volvo-Autoliv-Ericson-Zinuity Alliance
12. The Last Word
    • Future Impact
    • About Us
    • Contact