Global Autonomous Vehicle Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Autonomous Vehicle Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Type (Passenger Vehicle, and Commercial Vehicle), Level of Autonomy (Level 1, Level 2, Level 3, and Level 4 & 5), Application (Transportation, Industrial, Commercial, Personal, and Defense), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Autonomous Vehicle Market was valued at USD 51,651.0 million in 2023 and is expected to reach USD 251,830.4 million by 2031 while growing at a CAGR of 21.9% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global autonomous vehicle market growth. An autonomous vehicle, also known as a self-driving or driverless vehicle, operates without direct human input, utilizing advanced technologies, sensors, and algorithms to perceive its environment, make decisions, and control movements. The main objective is to transport passengers or goods from one location to another with minimal or no human intervention.
Increasing demand for connected and smart vehicles, coupled with the continuous evolution of sensor technologies, artificial intelligence, machine learning, and computer vision, is driving the growth of the autonomous vehicle market. Despite this positive momentum, challenges like high development costs and regulatory obstacles may impede market expansion.
Furthermore, the global autonomous vehicle industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Type Analysis
The Global Autonomous Vehicle Market is segmented among Passenger Vehicle, and Commercial Vehicle, based on Type. In 2023, Passenger Vehicle accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Level of Autonomy Analysis
The Global Autonomous Vehicle Market is segmented among Level 1, Level 2, Level 3, and Level 4 & 5, based on Level of Autonomy. In 2023, Level 1 accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Autonomous Vehicle Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are AB Volvo, Bayerische Motoren Werke AG, Ford Motor Company, General Motors, Hyundai Motor Group, Mercedes-Benz AG, Renault SA, Tesla, Inc, Toyota Motor Corporation, and Volkswagen Group.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Autonomous Vehicle Market Dynamics
Drivers
Restraints
Opportunity
4. Global Autonomous Vehicle Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Autonomous Vehicle Market Segmentation, By Type
Global Autonomous Vehicle Market Share Analysis, By Type
Global Autonomous Vehicle Market Growth Analysis, By Type
Global Autonomous Vehicle Market Trends, By Type
o Passenger Vehicle
o Commercial Vehicle
6. Global Autonomous Vehicle Market Segmentation, By Level of Autonomy
Global Autonomous Vehicle Market Share Analysis, By Level of Autonomy
Global Autonomous Vehicle Market Growth Analysis, By Level of Autonomy
Global Autonomous Vehicle Market Trends, By Level of Autonomy
o Level 1
o Level 2
o Level 3
o Level 4 & 5
7. Global Autonomous Vehicle Market Segmentation, By Application
Global Autonomous Vehicle Market Share Analysis, By Application
Global Autonomous Vehicle Market Growth Analysis, By Application
Global Autonomous Vehicle Market Trends, By Application
o Transportation
o Industrial
o Commercial
o Personal
o Defense
8. Global Autonomous Vehicle Market Segmentation, By Region
Global Autonomous Vehicle Market Share Analysis, By Region
Global Autonomous Vehicle Market Growth Analysis, By Region
Global Autonomous Vehicle Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
9. Competitive Landscape
AB Volvo*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
Bayerische Motoren Werke AG
Ford Motor Company
General Motors
Hyundai Motor Group
Mercedes-Benz AG
Renault SA
Tesla, Inc
Toyota Motor Corporation
Volkswagen Group.
*Similar analysis will be provided for each company listed above.