The market for autonomous vehicles is predicted to grow at a revised 22.6% CAGR from 2020 to 2030, reaching $327.19 billion. Given the effects of the COVID-19 pandemic, the yearly shipping of autonomous vehicles will increase to 12.21 million units by 2030, with a CAGR of 24.9% over the period 2020–2030.
This 237-page report, “Global Autonomous Vehicle (AV) Market 2020-2030 by Offering, Automation Level (Level 1 – Level 5), Vehicle Type, Power, ADAS Feature, Ownership, and Region: Trend Outlook and Growth Opportunity,” is highlighted by 106 tables and 133 figures. It is based on a thorough analysis of the entire global autonomous vehicle market and all of its sub-segments through extremely detailed classifications.
Premium primary and secondary information sources are used to create in-depth research and evaluation, with input coming from business specialists working throughout the value chain. In this study, the base year for the market research is 2019, and the estimations and forecasts span the years 2020–2030. (Please Note: Due to the COVID-19 epidemic, the year 2020 is not suitable for research bases.)
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The following elements are identified and examined in-depth qualitative analyses:
Porter’s Five Forces: Market Structure, Growth Drivers, Obstacles and Challenges, Emerging Product Trends and Market Opportunities
An upbeat, fair-minded, and cautious viewpoint is used to predict the global market’s trend and prognosis. The worldwide autonomous vehicle market is quantified from all angles, including offering, automation level, vehicle type, power, ADAS feature, ownership, and region, using the balanced (most probable) forecast.
The worldwide market is divided into the following sub-markets based on offering, with annual revenue for 2019–2030 provided in each sector.
Service, Hardware, and Software
The worldwide autonomous vehicle market is divided into the following sub-markets based on the amount of automation, with yearly revenue ($ mn), average selling price (USD/unit), and shipping (thousand units) for 2019–2030 given in each sector.
Levels 1 (Driver Assistance), 2 (Partial Automation), 3 (Conditional Automation), 4 (High Automation), and 5 (Level 5 Automation) (Full Automation)
The worldwide autonomous vehicle market is divided into the following sub-markets based on vehicle type, with yearly revenue ($ mn) and shipping (thousand units) for 2019–2030.
• Passenger Vehicles o Van/Shuttle o Car/Robo-taxi
Commercial vehicles, autonomous trucks, and autonomous buses
The following sub-markets include the following power-based segments of the worldwide market, with annual revenue ($ mn) and shipment (thousand units) for 2019–2030 given in each segment.
• Fuel cell, electric cell, and hybrid
The worldwide ADAS System market is divided into the following sub-markets based on ADAS Feature, with annual revenue ($ mn) for 2019–2030 provided in each area.
Smart Park Assist (SPA), Cross Traffic Alert (CTA), Automatic Emergency Braking (AEB), Traffic Jam Assist (TJA), Lane Assist (LA), Crash Warning System (CWS), Blind Spot Detection (BSD), Adaptive Cruise Control (ACC), Smart Park Assist (SPA), Smart Park Assist (SPA), Automatic Emergency Braking (AEB), and Intelligent Park Assist (IPA)
The worldwide market is divided into the following sub-markets based on vehicle ownership, with annual revenue ($ mn) and shipping (thousand units) for 2019–2030 provided in each sector.
• Shared and Private Vehicles
Along with the above national/local markets, the following geographic areas are thoroughly investigated:
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further split into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka) (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
In Europe (Germany, UK, France, Spain, Italy, Rest of Europe; Rest of Europe is further segmented into Russia, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• America, North (U.S. and Canada)
South America (Brazil, Mexico, Argentina, Rest of Latin America)
• RoW (Saudi Arabia, UAE, South Africa)
Market research and revenue/unit shipment statistics for each of the aforementioned areas and nations are accessible for the years 2019 to 2030. There is also a breakdown of the key national markets by Automation Level, Vehicle Type, Power, and Ownership for the study years (2019–2030), as well as a breakdown of all regional markets by country.
The autonomous vehicle market study also analyses the present competition landscape, the anticipated trend, and it provides profiles of major suppliers, including both established market leaders and significant up-and-coming companies.
Through the Risk Assessment System, certain potential hazards related to investing in the global market for autonomous vehicles are evaluated both mathematically and subjectively. Critical Success Factors (CSFs) are developed based on the risk analysis and assessment as a guide to assist investors and shareholders in identifying new possibilities, managing and minimising risks, developing suitable business models, and making informed strategies and choices.
Key Players (this list may not be exhaustive; other businesses may be included upon request):
Baidu AG Audi
Audi Group
Delphi FCA Italy S.p.A. Daimler AG
Motor Company Ford
MAN SE General Motors
Nissan Motors Ltd.
Inc. Tesla
Nissan Motor Company
Zoox Inc. Volkswagen AG Volvo Group Waymo LLC
(Please note: The report will be updated before to delivery to ensure that the forecast includes at least 5 years beyond the base year and the most recent historical year serves as the base year.)
