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 – 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.

Autonomous Vehicles Market Scope
Report Coverage	Details
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 38.45%
Market growth 2023-2027	USD 319.41 billion
Market structure	Fragmented
YoY growth 2022-2023(%)	37.22
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	North America at 37%
Key countries	US, China, Japan, Germany, and France
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	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., and Volkswagen AG
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data you are looking for, you can reach out to our analysts and get customized segments.

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

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