Autonomous Car Market, By Application, By Level of Automation, By Propulsion Type, By Vehicle Type, By Geography

Description

Global autonomous car market is estimated to be valued at US$ 146.80 Bn in 2024 and is expected to reach US$ 1,558.09 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 40.1% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 146.80 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	40.10%	2031 Value Projection:	US$ 1,558.09 Bn

Figure 1.Autonomous Car Market Share (%), By Region, 2024

Global autonomous car market has been witnessing tremendous growth over the past few years due to advancements in sensor technology, automotive artificial intelligence and connectivity. Major automakers as well as tech companies have significantly ramped up their investments in research and development of self-driving vehicles. the surroundings in real time which enables them to make safer decisions much faster than any human. The transition to autonomous vehicles is expected to massively disrupt the automotive industry and transform mobility globally. As connectivity and automation in vehicles increases, it will not only enhance safety but also provide consumers with an immersive in-vehicle experience.

Market Dynamics:

Global autonomous car market growth is driven by several factors such as government initiatives for developing autonomous infrastructure, rising demand for autonomous electric vehicles, development of 5G connectivity for vehicle-to-everything applications and focus on reducing road accidents. However, high R&D costs, technological challenges around sensor fusion, cybersecurity threats and lack of recommended safety standards hampers the market growth. Developing unified international regulations for testing and commercial deployment of autonomous vehicles presents a major opportunity in the near future. As more entities participate in driverless vehicle development, collaborations between automakers, technology firms and governments are expected to accelerate innovation in this space.

Key features of the study:

This report provides in-depth analysis of the global autonomous car market, and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2024-2031), considering 2023 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global autonomous car market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include BMW AG, Audi AG, Ford Motor Company, Daimler AG, Google LLC, General Motors Company, Nissan Motor Company, Honda Motor Co., Ltd., Toyota Motor Corporation..
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
Global autonomous car market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global autonomous car market.

Detailed Segmentation

By Application
- Defense
- Transportation
By Level of Automation
- Level 1
- Level 2
- Level 3
- Level 4
- Level 5
By Propulsion Type
- Semi-autonomous
- Fully Autonomous
By Vehicle Type
- Passenger Car
- Commercial Vehicle
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
Key Players Insights
- BMW AG
- Audi AG
- Ford Motor Company
- Daimler AG
- Google LLC
- General Motors Company
- Nissan Motor Company
- Honda Motor Co., Ltd.
- Toyota Motor Corporation
- Tesla
- Volvo Car Corporation
- Uber Technologies, Inc.
- Volkswagen AG

Product Code: CMI2128

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snapshot, By Application
- Market Snapshot, By Level of Automation
- Market Snapshot, By Propulsion Type
- Market Snapshot, By Vehicle Type
- Market Snapshot, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Opportunities
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario

4. Global Autonomous Car Market- Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. Global Autonomous Car Market, By Application, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Defense
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
Transportation
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)

6. Global Autonomous Car Market, By Level of Automation, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Level 1
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
Level 2
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
Level 3
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
Level 4
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
Level 5
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)

7. Global Autonomous Car Market, By Propulsion Type, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Semi-autonomous
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
Fully Autonomous
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)

8. Global Autonomous Car Market, By Vehicle Type, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Passenger Car
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
Commercial Vehicle
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)

9. Global Autonomous Car Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
North America
- Regional Trends
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Level of Automation, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Propulsion Type, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Vehicle Type, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Billion)
  - U.S.
  - Canada
  - Europe
- Regional Trends
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Level of Automation, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Propulsion Type, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Vehicle Type, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Billion)
  - U.K.
  - Germany
  - France
  - Italy
  - Russia
  - Rest of Europe
  - Asia Pacific
- Regional Trends
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Level of Automation, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Propulsion Type, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Vehicle Type, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Billion)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
  - Latin America
- Regional Trends
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Level of Automation, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Propulsion Type, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Vehicle Type, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Billion)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
  - Middle East & Africa
- Regional Trends
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Level of Automation, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Propulsion Type, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Vehicle Type, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Billion)
  - South Africa
  - GCC Countries
  - Rest of the Middle East & Africa

10. Competitive Landscape

Company Profiles
- BMW AG
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Audi AG
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Ford Motor Company
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Daimler AG
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Google LLC
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- General Motors Company
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Nissan Motor Company
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Honda Motor Co., Ltd.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Toyota Motor Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Tesla
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Volvo Car Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Uber Technologies, Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Volkswagen AG
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates

11. Analyst Recommendation.

Wheel of Fortune
Analyst View
Coherent Opportunity Map

12. Section:

Research Methodology
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