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Autonomous Vehicle Market By Type (Semi-Autonomous Vehicle, Fully Autonomous Vehicle), By Power (Electric Cell, Fuel Cell, Hybrid), By Vehicle (Car, Van/Shuttle, Truck) – Growth, Future Prospects, And Competitive Landscape, 2019 – 2027

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Market Insights

The global autonomous vehicle market is expected to expand at a CAGR of 35.6% during the forecast period from 2019 to 2027. The projected growth of the autonomous vehicle market worldwide is bolstered by a combination of factors, including the continually growing adoption of Artificial Intelligence (AI), rising adoption of the Internet of Things (IoT) in connected mobility, and the development of state-of-the-art infrastructure. These vehicles integrate software and sensors to operate and navigate the vehicle, which includes technologies such as light detection & ranging (LiDAR) and RADAR sensing. With the autonomous vehicle market still in its infancy, automotive manufacturers, service operators, and technology providers are partnering up with each other to develop fully automated vehicles and gain the first movers’ advantage. Companies such as Tesla, Ford Motors, and others have announced their plans to launch a large fleet of autonomous cars in the upcoming years. A disruption in the automotive sector could be a game changer for all participants across the autonomous vehicle ecosystem. It will provide solutions to all existing traffic congestion, road accidents, and parking problems and will be environmentally friendly. As a result, it is expected to reduce the number of private vehicles by almost 30% – 40%.

Market Synopsis

L4 autonomy to Dominate; L3 autonomy to Register Maximum Growth throughout the Forecast Period

Based on type, the global autonomous vehicle market is categorized into two major categories: semi-autonomous and fully autonomous. Semi-autonomous vehicles, the most widely adopted technology amongst automotive manufacturers, are expected to dominate the automotive market during the forecast period. For instance, In 2019, Audi announced to launch of its A8L model with L3 autonomy. This is the first L3 automated vehicle by the company and is the first car to equip LiDAR at its front. Other companies such as BMW and Porsche AG too are developing L3 automated cars.

On the other hand, fully autonomous vehicles are also being developed and tested by various automotive manufacturer companies alongside their technology partner firms. L4 autonomous vehicles are expected to register superior growth on account of rapid technological advancement in AI and its adoption by every automotive manufacturer across the globe. Currently, companies such as Tesla, Inc., and Waymo LLC, among others, are launching vehicles with L4 autonomy. For instance, Waymo LLC has already started its robot-taxi services for customers in California, USA.

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Europe Dominates; the Asia Pacific Touted to Register Fastest Growth during the Forecast Period

In 2018, Europe was the largest region that contributed a large part of the value to the global autonomous vehicle market, followed by North America and the Asia Pacific, respectively. Europe accounts for around 30% of the market share of the global autonomous vehicle market. This is attributable to the significant growth in the development of infrastructure observed across countries such as Germany, France, and the UK, among others. New players from the technology sector and mobility startups are currently leading, and huge investments made by manufacturing organizations in research & development are projected to encourage the Europe autonomous vehicle market growth in the upcoming years. In contrast, North America is anticipated to register robust growth during the initial years due to state-of-the-art infrastructure and rapid adoption of advanced technology in the region.

Some of the leading manufacturers profiled in the study include Tesla, Inc., Daimler AG, Lyft, Inc., Uber Technologies Inc., Volkswagen AG, Volvo Car Corporation, Waymo LLC, Ford Motor Company, General Motors Company, BMW AG, and Aptiv PLC among others.

Historical & Forecast Period

This research study provides qualitative as well as quantitative insights for each segment and sub-segment from 2017 to 2027, considering 2018as the base year for the research. CAGR (Compounded Annual Growth Rate) for each segment and sub-segment is calculated for the forecast period from 2019 to 2027.

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Report Scope by Segments

The autonomous vehicle market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global autonomous vehicle market based on type, power, vehicle, and geography. Key segments covered in the report are as follows.

1. Preface
1.1. Report Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase III-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted

2. Executive Summary
2.1. Global AV Market Snapshot
2.1.1. Global AV Market by Type, 2018
2.1.2. Global AV Market by Power, 2018
2.1.3. Global AV Market by Vehicle, 2018
2.1.4. Global AV Market by Geography, 2018

3. Global Autonomous Vehicle (AV) Market Dynamics
3.1. Market Overview
3.2. Drivers
3.3. Challenges
3.4. Impact Analysis of Drivers and Challenges
3.5. Competitive Landscape
3.5.1. Market Positioning of Leading AV Manufacturers, 2018
3.5.2. Strategies Adopted by Leading Manufacturers

4. Global Autonomous Vehicle (AV) Market Size (US$ Bn), By Type, 2017 – 2027
4.1. Overview
4.1.1. AV Market Analysis by Type, 2017 & 2027
4.2. Semi-AV
4.2.1. L1 Autonomy
4.2.2. L2 Autonomy
4.2.3. L3 Autonomy
4.3. Fully AV
4.3.1. L4 Autonomy
4.3.2. L5 AV

5. Global Autonomous Vehicle (AV) Market Size (US$ Bn), By Power, 2017 – 2027
5.1. Overview
5.1.1. AV Market Analysis by Power, 2017 & 2027
5.2. Electric cell
5.3. Fuel cell
5.4. Hybrid

6. Global Autonomous Vehicle (AV) Market Size (US$ Bn), By Vehicle, 2017 – 2027
6.1. Overview
6.1.1. AV Market Analysis by Vehicle, 2017 & 2027
6.2. Car (Robo-taxi)
6.3. Van/Shuttle
6.4. Truck

7. North America Autonomous Vehicle (AV) Market Analysis, 2017 – 2027
7.1. Overview
7.2. North America AV Market Size (US$ Bn), By Type, 2017 – 2027
7.2.1. Semi-AV
7.2.1.1. L1 Autonomy
7.2.1.2. L2 Autonomy
7.2.1.3. L3 Autonomy
7.2.2. Fully AV
7.2.2.1. L4 Autonomy
7.2.2.2. L5 AV
7.3. North America AV Market Size (US$ Bn), By Power, 2017 – 2027
7.3.1. Electric cell
7.3.2. Fuel cell
7.3.3. Hybrid
7.4. North America AV Market Size (US$ Bn), By Vehicle, 2017 – 2027
7.4.1. Car (Robo-taxi)
7.4.2. Van/Shuttle
7.4.3. Truck
7.5. North America AV Market Size (US$ Bn), By Country, 2017 – 2027
7.5.1. U.S.
7.5.2. Rest of North America

8. Europe Autonomous Vehicle (AV) Market Analysis, 2017 – 2027
8.1. Overview
8.2. Europe AV Market Size (US$ Bn), By Type, 2017 – 2027
8.2.1. Semi-AV
8.2.1.1. L1 Autonomy
8.2.1.2. L2 Autonomy
8.2.1.3. L3 Autonomy
8.2.2. Fully AV
8.2.2.1. L4 Autonomy
8.2.2.2. L5 AV
8.3. Europe AV Market Size (US$ Bn), By Power, 2017 – 2027
8.3.1. Electric cell
8.3.2. Fuel cell
8.3.3. Hybrid
8.4. Europe AV Market Size (US$ Bn), By Vehicle, 2017 – 2027
8.4.1. Car (Robo-taxi)
8.4.2. Van/Shuttle
8.4.3. Truck
8.5. Europe AV Market Size (US$ Bn), By Region, 2017 – 2027
8.5.1. U.K.
8.5.2. Germany
8.5.3. France
8.5.4. Rest of Europe

9. Asia Pacific Autonomous Vehicle (AV) Market Analysis , 2017 – 2027
9.1. Overview
9.2. Asia Pacific AV Market Size (US$ Bn), By Type, 2017 – 2027
9.2.1. Semi-AV
9.2.1.1. L1 Autonomy
9.2.1.2. L2 Autonomy
9.2.1.3. L3 Autonomy
9.2.2. Fully AV
9.2.2.1. L4 Autonomy
9.2.2.2. L5 AV
9.3. Asia Pacific AV Market Size (US$ Bn), By Power, 2017 – 2027
9.3.1. Electric cell
9.3.2. Fuel cell
9.3.3. Hybrid
9.4. Asia Pacific AV Market Size (US$ Bn), By Vehicle, 2017 – 2027
9.4.1. Car (Robo-taxi)
9.4.2. Van/Shuttle
9.4.3. Truck
9.5. Asia Pacific AV Market Size (US$ Bn), By Country, 2017 – 2027
9.5.1. China
9.5.2. India
9.5.3. Japan
9.5.4. Rest of Asia Pacific

10. Rest of the World Autonomous Vehicle (AV) Market Analysis , 2017 – 2027
10.1.1. Overview
10.2. Rest of the World AV Market Size (US$ Bn), By Type, 2017 – 2027
10.2.1. Semi-AV
10.2.1.1. L1 Autonomy
10.2.1.2. L2 Autonomy
10.2.1.3. L3 Autonomy
10.2.2. Fully AV
10.2.2.1. L4 Autonomy
10.2.2.2. L5 AV
10.3. Rest of the World AV Market Size (US$ Bn), By Power, 2017 – 2027
10.3.1. Electric cell
10.3.2. Fuel cell
10.3.3. Hybrid
10.4. Rest of the World AV Market Size (US$ Bn), By Vehicle, 2017 – 2027
10.4.1. Car (Robo-taxi)
10.4.2. Van/Shuttle
10.4.3. Truck
10.5. Rest of the World AV Market Size (US$ Bn), By Country, 2017 – 2027
10.5.1. Latin America
10.5.2. Middle-East & Africa

11. Company Profiles
11.1. Tesla, Inc.
11.2. Daimler AG,
11.3. Lyft, Inc.,
11.4. Uber Technologies Inc.
11.5. Volkswagen AG
11.6. Volvo Car Corporation
11.7. Waymo LLC
11.8. Ford Motor Company
11.9. General Motors Company
11.10. BMW AG
11.11. Aptiv PLC

 

List of Figures

FIG. 1 Global Autonomous Vehicle (AV) Market: Research Methodology
FIG. 2 Top-Down and Bottom Up Approach
FIG. 3 Global AV Market, By Type, 2017 (US$ Bn)
FIG. 4 Global AV Market, By Power, 2017 (US$ Bn)
FIG. 5 Global AV Market, By Vehicle, 2017 (US$ Bn)
FIG. 6 Global AV Market, By Geography, 2017 (US$ Bn)
FIG. 7 Global AV Market Value and Growth, 2017 – 2027, (US$ Bn and % Y-o-Y)
FIG. 8 See-Saw Analysis : Global AV Market
FIG. 9 Market Positioning of Leading AV Manufacturers, 2017
FIG. 10 Global AV Market Value Contribution, By Type, 2017 & 2027 (Value %)
FIG. 11 Global AV Market Value and Growth for Semi-AV, 2017 – 2027, (US$ Bn)
FIG. 12 Global AV Market Value and Growth for Fully AV, 2017 – 2027, (US$ Bn)
FIG. 13 Global AV Market Value Contribution, By Power, 2017 & 2027 (US$ Bn)
FIG. 14 Global AV Market Value and Growth for Electric Cell, 2017 – 2027, (US$ Bn)
FIG. 15 Global AV Market Value and Growth for Fuel Cell, 2017 – 2027, (US$ Bn)
FIG. 16 Global AV Market Value and Growth for Hybrid Cell, 2017 – 2027, (US$ Bn)
FIG. 17 Global AV Market Value Contribution, By Vehicle, 2017 & 2027 (US$ Bn)
FIG. 18 Global AV Market Value and Growth for Car(Robo-taxi), 2017 – 2027, (US$ Bn)
FIG. 19 Global AV Market Value and Growth for Van/Shuttle, 2017 – 2027, (US$ Bn)
FIG. 20 Global AV Market Value and Growth for Truck, 2017 – 2027, (US$ Bn)
FIG. 21 North America AV Market Value and Growth, 2017 – 2027, (US$ Bn) (Y-o-Y %)
FIG. 22 Europe AV Market Value and Growth, 2017 – 2027, (US$ Bn) (Y-o-Y %)
FIG. 23 Asia Pacific AV Market Value and Growth, 2017 – 2027, (US$ Bn) (Y-o-Y %)
FIG. 24 RoW AV Market Value and Growth, 2017– 2027, (US$ Bn) (Y-o-Y %)

List of Tables

TABLE 1 Market Snapshot: Global Autonomous Vehicle (AV) Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 North America AV Market Value, By Type, 2017 – 2027 (US$ Bn)
TABLE 5 North America AV Market Value, By Power, 2017 – 2027 (US$ Bn)
TABLE 6 North America AV Market Value, By Vehicle, 2017 – 2027 (US$ Bn)
TABLE 7 North America AV Market Value, By Country, 2017 – 2027 (US$ Bn)
TABLE 8 U.S. AV Market Value, By Type, 2017 – 2027 (US$ Bn)
TABLE 9 U.S. AV Market Value, By Power, 2017 – 2027 (US$ Bn)
TABLE 10 U.S. AV Market Value, By Vehicle, 2017 – 2027 (US$ Bn)
TABLE 11 Rest of North America AV Market Value, By Type, 2017 – 2027 (US$ Bn)
TABLE 12 Rest of North America AV Market Value, By Power, 2017 – 2027 (US$ Bn)
TABLE 13 Rest of North America AV Market Value, By Vehicle, 2017 – 2027 (US$ Bn)
TABLE 14 Europe AV Market Value, By Type, 2017 – 2027 (US$ Bn)
TABLE 15 Europe AV Market Value, By Power, 2017 – 2023 (US$ Bn)
TABLE 16 Europe AV Market Value, By Vehicle, 2017 – 2027 (US$ Bn)
TABLE 17 Europe AV Market Value, By Country, 2017 – 2027 (US$ Bn)
TABLE 18 U.K. AV Market Value, By Type, 2017 – 2027 (US$ Bn)
TABLE 19 U.K. AV Market Value, By Power, 2017 – 2027 (US$ Bn)
TABLE 20 U.K.AV Market Value, By Vehicle, 2017 – 2027 (US$ Bn)
TABLE 21 France AV Market Value, By Type, 2017 – 2027 (US$ Bn)
TABLE 22 France AV Market Value, By Power, 2017 – 2027 (US$ Bn)
TABLE 23 France AV Market Value, By Vehicle, 2017 – 2027 (US$ Bn)
TABLE 24 Germany AV Market Value, By Type, 2017 – 2027 (US$ Bn)
TABLE 25 Germany AV Market Value, By Power, 2017 – 2027 (US$ Bn)
TABLE 26 Germany AV Market Value, By Vehicle, 2017 – 2027 (US$ Bn)
TABLE 27 Rest of Europe AV Market Value, By Type, 2017 – 2027 (US$ Bn)
TABLE 28 Rest of Europe AV Market Value, By Power, 2017 – 2027 (US$ Bn)
TABLE 29 Rest of Europe AV Market Value, By Vehicle, 2017 – 2027 (US$ Bn)
TABLE 30 Asia Pacific AV Market Value, By Type, 2017 – 2027 (US$ Bn)
TABLE 31 Asia Pacific AV Market Value, By Power, 2017 – 2027 (US$ Bn)
TABLE 32 Asia Pacific AV Market Value, By Vehicle, 2017 – 2027 (US$ Bn)
TABLE 33 Asia Pacific AV Market Value, By Country, 2017 – 2027 (US$ Bn)
TABLE 34 China AV Market Value, By Type, 2014- 2023 (US$ Bn)
TABLE 35 China AV Market Value, By Power, 2017 – 2027 (US$ Bn)
TABLE 36 China AV Market Value, By Vehicle, 2017 – 2027 (US$ Bn)
TABLE 37 Japan AV Market Value, By Type, 2017 – 2027 (US$ Bn)
TABLE 38 Japan AV Market Value, By Power, 2017 – 2027 (US$ Bn)
TABLE 39 Japan AV Market Value, By Vehicle, 2017 – 2027 (US$ Bn)
TABLE 40 India AV Market Value, By Type, 2017 – 2027 (US$ Bn)
TABLE 41 India AV Market Value, By Power, 2017 – 2027 (US$ Bn)
TABLE 42 India AV Market Value, By Vehicle, 2017 – 2027 (US$ Bn)
TABLE 43 Rest of Asia Pacific AV Market Value, By Type, 2017 – 2027 (US$ Bn)
TABLE 44 Rest of Asia Pacifc AV Market Value, By Power, 2017 – 2027 (US$ Bn)
TABLE 45 Rest of Asia Pacific AV Market Value, By Vehicle, 2017 – 2027 (US$ Bn)
TABLE 46 Rest of World AV Market Value, By Type, 2017 – 2027 (US$ Bn)
TABLE 47 Rest of World AV Market Value, By Power, 2017 – 2027 (US$ Bn)
TABLE 48 Rest of World AV Market Value, By Vehicle, 2017 – 2027 (US$ Bn)
TABLE 49 Rest of World AV Market Value, By Region, 2017 – 2027 (US$ Bn)
TABLE 50 Latin America AV Market Value, By Type, 2017 – 2027 (US$ Bn)
TABLE 51 Latin America AV Market Value, By Power, 2017 – 2027 (US$ Bn)
TABLE 52 Latin America AV Market Value, By Vehicle, 2017 – 2027 (US$ Bn)
TABLE 53 Middle-East and Africa AV Market Value, By Type, 2017 – 2027 (US$ Bn)
TABLE 54 Middle-East and Africa AV Market Value, By Power, 2017 – 2027 (US$ Bn)
TABLE 55 Middle-East and Africa AV Market Value, By Vehicle, 2017 – 2027 (US$ Bn)

Frequently asked questions

What is the size of Autonomous Vehicle Market?

The market for Autonomous Vehicle Market is expected to reach US$ XX Bn by 2027.

What is the Autonomous Vehicle Market CAGR?

The Autonomous Vehicle Market is expected to see significant CAGR growth over the coming years, at 35.6%.

What is the Forecast period considered for Autonomous Vehicle Market?

The report is forecasted from 2019-2027.

What is the base year considered for Autonomous Vehicle Market?

The base year of this report is 2018.

Who are the major players in this market?

Tesla, Inc., Daimler AG,, Lyft, Inc.,, Uber Technologies Inc., Volkswagen AG are some of the major players in the global market.

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