Autonomous Vehicles Market to grow at a CAGR of 38.45% from 2022 to 2027 | Historical and current forecast analysis research report-Technavio

NEW YORK, July 13, 2023 /PRNewswire/ -- The autonomous vehicles market size is estimated to grow by USD 319.41 billion between 2022 and 2027 accelerating at a CAGR of 38.45% during the forecast period., according to the latest research report from Technavio. Discover Auto Parts & Equipment industry potential and make informed business decisions based on qualitative and quantitative evidence highlighted in Technavio reports. View Sample Report!

The autonomous vehicles market covers the following areas:

• Autonomous Vehicles Market Sizing
• Autonomous Vehicles Market Forecast
• Autonomous Vehicles Market Analysis

Autonomous Vehicles Market - Vendor Landscape

The autonomous vehicles market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete.

Vendor Offering

• AB Volvo - The company offers autonomous vehicles such as Volvo autonomous trucks.
• BMW AG - The company offers autonomous vehicles such as driver-only and Robo-taxi.
• Ford Motor Co. - The company offers autonomous vehicles such as self-driving systems with Argo AI integrated into our Ford Escape hybrid vehicle platform.

For the market's vendor landscape highlights with a comprehensive list of vendors and their offerings - View Sample in minutes

Autonomous Vehicles Market - Market Segmentation

The market is segmented by application (transportation and logistics and military and defense), and vehicle type (autonomous passenger cars and autonomous commercial vehicles)

• The autonomous car market share growth in the transportation and logistics segment will be significant during the forecast period. Numerous manufacturers, autonomous technology developers, and system integrators are currently evaluating the continued effectiveness of implementing completely autonomous buses for transportation and logistics. They are looking into different operational modes for these buses, such as line-based transit, shuttle services, and other possible applications. Initially, fully autonomous buses are likely to gain popularity in public transit, specifically as mini-bus shuttles. These autonomous buses will be rather small, seating 12 to 18 passengers. This reduced size allows for more frequent trips, increasing efficiency and availability.

View Sample Report in minutes for more highlights into the market segments.

Autonomous Vehicles Market - Regional Market Outlook

The market is segmented by geography (North America, Europe, APAC, South America, and the Middle East and Africa).

• North America is projected to contribute 37% by 2027. The growth in the region is due to the increased demand for safety and convenience among the American population which has led to the introduction of legislation allowing testing of autonomous vehicles, making the US a major country in this field. By integrating multiple Advanced Driver Assistance Systems (ADAS), vehicle safety is being improved, aiming to reduce the rising number of deaths caused by road accidents. Hence, these factors are expected to drive market growth in the region during the forecast period.

For more key highlights on the regional market share of most of the above-mentioned countries.- View Sample Report

Companies Mentioned

• AB Volvo
• Alphabet Inc.
• Amazon.com Inc.
• Baidu Inc.
• BMW AG
• Continental AG
• Ford Motor Co.
• General Motors Co
• Honda Motor Co. Ltd
• Hyundai Motor Co
• Intel Corp.
• Mercedes Benz Group AG
• Navistar International Corp.
• Renault SAS
• Robert Bosch GmbH
• Stellantis NV
• Tesla Inc.
• Toyota Motor Corp.
• Volkswagen AG

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Key Drivers- Automotive OEMs' emphasis on achieving autonomy of vehicles is a key factor driving market growth. Major automotive manufacturers such as Audi, Ford, Continental, Bosch, and Delphi have launched several autonomous vehicle projects, while non-automotive giants such as Google and Apple are investing in the field using their communication technology expertise. Furthermore, key businesses in the automotive, electronics, and communication sectors are increasing their efforts to produce autonomous vehicles. Hence, these key factors are expected to drive market growth during the forecast period.

Major Trends- The utilization of autonomous vehicles for cab and parcel delivery services is a major trend in the market. 

Significant Challenge- High driver distraction with an increase in vehicle automation is the major challenge restricting the market growth. 

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Related Reports:
The HD map for autonomous vehicles market is estimated to grow at a CAGR of 31.48% between 2022 and 2027. The size of the market is forecast to increase by USD 5,384.84 million. Furthermore, this report extensively covers market segmentation by solution (cloud-based and embedded), vehicle type (passenger and commercial), and geography (North America, Europe, APAC, Middle East and Africa, and South America). The rise in the adoption of autonomous vehicles is a key factor driving the market growth during the forecast period.

The near-autonomous passenger car market Size is estimated to grow by USD 294.81 billion between 2022 and 2027 at a CAGR of 38.23%. Furthermore, this report extensively covers market segmentation by technology (ADAS level 1 and ADAS level 2) and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The Increasing popularity of semi-autonomous vehicles is a key factor driving the market growth during the forecast period.

Table of Contents

1 Executive Summary

• 1.1 Market Overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Vehicle Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global autonomous vehicles market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global autonomous vehicles market 2017 - 2021 ($ billion)

• 4.2 Application Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ billion)

• 4.3 Vehicle Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Vehicle Type Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments
• Exhibit 30: Chart on Application - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Transportation and logistics - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Transportation and logistics - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Transportation and logistics - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Transportation and logistics - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Transportation and logistics - Year-over-year growth 2022-2027 (%)

• 6.4 Military and defense - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Military and defense - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Military and defense - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Military and defense - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Military and defense - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Application 
• Exhibit 42: Market opportunity by Application ($ billion)

7 Market Segmentation by Vehicle Type

• 7.1 Market segments
• Exhibit 43: Chart on Vehicle Type - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Vehicle Type - Market share 2022-2027 (%)

• 7.2 Comparison by Vehicle Type 
• Exhibit 45: Chart on Comparison by Vehicle Type
• Exhibit 46: Data Table on Comparison by Vehicle Type

• 7.3 Autonomous passenger car sales - Market size and forecast 2022-2027 
• Exhibit 47: Chart on Autonomous passenger car sales - Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Data Table on Autonomous passenger car sales - Market size and forecast 2022-2027 ($ billion)
• Exhibit 49: Chart on Autonomous passenger car sales - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Autonomous passenger car sales - Year-over-year growth 2022-2027 (%)

• 7.4 Autonomous commercial vehicles sales - Market size and forecast 2022-2027 
• Exhibit 51: Chart on Autonomous commercial vehicles sales - Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Data Table on Autonomous commercial vehicles sales - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Chart on Autonomous commercial vehicles sales - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Autonomous commercial vehicles sales - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Vehicle Type 
• Exhibit 55: Market opportunity by Vehicle Type ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 57: Chart on Market share by geography 2022-2027 (%)
• Exhibit 58: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 59: Chart on Geographic comparison
• Exhibit 60: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027 
• Exhibit 61: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 62: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 63: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 64: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027 
• Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 73: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 74: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 75: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 81: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 82: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 83: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 Germany - Market size and forecast 2022-2027 
• Exhibit 85: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 86: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 87: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.10 China - Market size and forecast 2022-2027 
• Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027 
• Exhibit 93: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 94: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 95: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 France - Market size and forecast 2022-2027 
• Exhibit 97: Chart on France - Market size and forecast 2022-2027 ($ billion)
• Exhibit 98: Data Table on France - Market size and forecast 2022-2027 ($ billion)
• Exhibit 99: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 101: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 102: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 103: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 104: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 105: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 106: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 107: Matrix on vendor position and classification

• 12.3 AB Volvo
• Exhibit 108: AB Volvo - Overview
• Exhibit 109: AB Volvo - Business segments
• Exhibit 110: AB Volvo - Key offerings
• Exhibit 111: AB Volvo - Segment focus

• 12.4 Alphabet Inc.
• Exhibit 112: Alphabet Inc. - Overview
• Exhibit 113: Alphabet Inc. - Business segments
• Exhibit 114: Alphabet Inc. - Key news
• Exhibit 115: Alphabet Inc. - Key offerings
• Exhibit 116: Alphabet Inc. - Segment focus

• 12.5 Baidu Inc.
• Exhibit 117: Baidu Inc. - Overview
• Exhibit 118: Baidu Inc. - Business segments
• Exhibit 119: Baidu Inc. - Key offerings
• Exhibit 120: Baidu Inc. - Segment focus

• 12.6 BMW AG
• Exhibit 121: BMW AG - Overview
• Exhibit 122: BMW AG - Business segments
• Exhibit 123: BMW AG - Key offerings
• Exhibit 124: BMW AG - Segment focus

• 12.7 Continental AG
• Exhibit 125: Continental AG - Overview
• Exhibit 126: Continental AG - Business segments
• Exhibit 127: Continental AG - Key offerings
• Exhibit 128: Continental AG - Segment focus

• 12.8 Ford Motor Co.
• Exhibit 129: Ford Motor Co. - Overview
• Exhibit 130: Ford Motor Co. - Business segments
• Exhibit 131: Ford Motor Co. - Key news
• Exhibit 132: Ford Motor Co. - Key offerings
• Exhibit 133: Ford Motor Co. - Segment focus

• 12.9 General Motors Co
• Exhibit 134: General Motors Co - Overview
• Exhibit 135: General Motors Co - Business segments
• Exhibit 136: General Motors Co - Key news
• Exhibit 137: General Motors Co - Key offerings
• Exhibit 138: General Motors Co - Segment focus

• 12.10 Honda Motor Co. Ltd
• Exhibit 139: Honda Motor Co. Ltd - Overview
• Exhibit 140: Honda Motor Co. Ltd - Business segments
• Exhibit 141: Honda Motor Co. Ltd - Key news
• Exhibit 142: Honda Motor Co. Ltd - Key offerings
• Exhibit 143: Honda Motor Co. Ltd - Segment focus

• 12.11 Hyundai Motor Co
• Exhibit 144: Hyundai Motor Co - Overview
• Exhibit 145: Hyundai Motor Co - Business segments
• Exhibit 146: Hyundai Motor Co - Key news
• Exhibit 147: Hyundai Motor Co - Key offerings
• Exhibit 148: Hyundai Motor Co - Segment focus

• 12.12 Intel Corp.
• Exhibit 149: Intel Corp. - Overview
• Exhibit 150: Intel Corp. - Business segments
• Exhibit 151: Intel Corp. - Key news
• Exhibit 152: Intel Corp. - Key offerings
• Exhibit 153: Intel Corp. - Segment focus

• 12.13 Mercedes Benz Group AG 
• Exhibit 154: Mercedes Benz Group AG - Overview
• Exhibit 155: Mercedes Benz Group AG - Business segments
• Exhibit 156: Mercedes Benz Group AG - Key offerings
• Exhibit 157: Mercedes Benz Group AG - Segment focus

• 12.14 Navistar International Corp. 
• Exhibit 158: Navistar International Corp. - Overview
• Exhibit 159: Navistar International Corp. - Business segments
• Exhibit 160: Navistar International Corp. - Key offerings
• Exhibit 161: Navistar International Corp. - Segment focus

• 12.15 Renault SAS
• Exhibit 162: Renault SAS - Overview
• Exhibit 163: Renault SAS - Product / Service
• Exhibit 164: Renault SAS - Key news
• Exhibit 165: Renault SAS - Key offerings

• 12.16 Robert Bosch GmbH
• Exhibit 166: Robert Bosch GmbH - Overview
• Exhibit 167: Robert Bosch GmbH - Business segments
• Exhibit 168: Robert Bosch GmbH - Key news
• Exhibit 169: Robert Bosch GmbH - Key offerings
• Exhibit 170: Robert Bosch GmbH - Segment focus

• 12.17 Volkswagen AG
• Exhibit 171: Volkswagen AG - Overview
• Exhibit 172: Volkswagen AG - Business segments
• Exhibit 173: Volkswagen AG - Key offerings
• Exhibit 174: Volkswagen AG - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 175: Inclusions checklist
• Exhibit 176: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 177: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 178: Research methodology
• Exhibit 179: Validation techniques employed for market sizing
• Exhibit 180: Information sources

• 13.5 List of abbreviations
• Exhibit 181: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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