What is the key driver of Global Autonomous Vehicles Market?

Advancements in technology such as artificial intelligence, sensors, and advanced algorithms are driving the growth of the autonomous vehicle market. These technologies are crucial for the safe and efficient operation of autonomous vehicles.

Global Autonomous Vehicles Market Size, Share, Growth Analysis, By Application(Transportation, Industrial), By Fuel Type(ICEs, Electric), By Propulsion Type(Semi-Autonomous, Fully Autonomous), By Component(Hardware, Software & Services) - Industry Forecast 2024-2031

Report ID: SQMIG25C2055 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 116 | Figures: 77

Global Autonomous Vehicles Market Regional Insights

North America held the largest market share of over 48.26% in the global autonomous vehicle market in 2023 and is further expected to continue dominance during the forecast period. The growth in the mobility-as-a-service sector is expected to drive the growth of the autonomous car market in the region. The adoption of autonomous cars on public roads is being encouraged through amendments in traffic regulations across the US.

Europe is also expected to emerge as a potentially lucrative market for autonomous cars, as consumers in the region prefer using technologically advanced products. The government is taking various initiatives to enhance autonomous vehicles in the region. The UK government plans to use self-driving vehicles in 2022 and has further plans to make the required changes to the regulations to support the development of autonomous vehicles in the region.

Global Autonomous Vehicles Market Report Snapshots

License Type Top market research company in USA

File Type

$5,300

BUY NOW GET FREE SAMPLE

Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Global Autonomous Vehicle Market size was valued at USD 146.66 Billion in 2019 and is poised to grow from USD 209.43 Billion in 2023 to USD 3079.43 Billion by 2031, at a CAGR of 40.10% during the forecast period (2024-2031).

The global autonomous vehicle market is highly competitive and fragmented, with a large number of players competing for market share. The market is dominated by established players such as Tesla, Google, General Motors, and Ford, while other players such as Baidu, Uber, and Daimler are also gaining significant traction in the market. To remain competitive in the market, companies are focusing on strategic partnerships and collaborations, mergers and acquisitions, and investing in research and development. The competitive landscape of the global autonomous vehicle market is expected to remain intense, with players focusing on innovation, strategic partnerships, and collaborations to gain market share and stay ahead of the competition. 'General Motors Company', 'Ford Motor Company', 'Tesla, Inc.', 'Waymo LLC (US) ', 'Cruise LLC (US) ', 'Uber Technologies Inc. (US) ', 'BMW AG (Germany) ', 'Honda Motor Co., Ltd. (Japan) ', 'Toyota Motor Corporation (Japan) ', 'Aptiv PLC (Ireland) ', 'Volkswagen AG (Germany) ', 'Baidu, Inc. (China) ', 'NIO Inc. (China) ', 'Daimler AG (Germany) ', 'Mobileye N.V. (Israel) ', 'NVIDIA Corporation (US) ', 'Volvo Group (Sweden) ', 'Aurora Innovation Inc. (US) ', 'Zoox, Inc. (US) ', 'Pony.ai (China)'

Rise of Connected and Autonomous Mobility (CAM): Connected and Autonomous Mobility (CAM) is an integrated transportation system that uses advanced technologies such as 5G, edge computing, artificial intelligence, and IoT to create a seamless and efficient mobility experience. CAM is expected to revolutionize the way people and goods are transported, and it is a key trend driving the growth of the autonomous vehicle market.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Global Autonomous Vehicles Market Size, Share, Growth Analysis, By Application(Transportation, Industrial), By Fuel Type(ICEs, Electric), By Propulsion Type(Semi-Autonomous, Fully Autonomous), By Component(Hardware, Software & Services) - Industry Forecast 2024-2031

Global Autonomous Vehicles Market Regional Insights

Global Autonomous Vehicles Market Report Snapshots

Want to customize this report?

FAQs

What is the global market size of Autonomous Vehicles Market?

Who are the key vendors in the Global Autonomous Vehicles Market?

What is the key driver of Global Autonomous Vehicles Market?

What is the key market trend for Global Autonomous Vehicles Market?

Which region accounted for the largest share in Global Autonomous Vehicles Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300