Product Code: RP-ID-10352114 |
Published Date: 21 Oct 2022 |
Region: NA |
Category: Automotive & Transportation |
Report ID: 10352114
Market Overview:
Global Autonomous Vehicle Market Analysis & Outlook 2030
Global demand for autonomous vehicles is expected to reach USD 8 million units by 2021, at a CAGR of 60% from 2022 to 2030. AV) is at the heart of innovation in the automotive sector. They have high growth potential and serve as a catalyst for technological advancements in the automotive industry, helping to positively influence market growth through regulatory frameworks, national budgets and investments in digital infrastructure. car market. all year round. This market forecast period covers a wide range of products and systems that are part of the autonomous vehicle infrastructure. Self-driving cars allow non-drivers and people with disabilities to move freely. Passengers can study, rest and work more comfortably and flexibly while traveling, increasing efficiency. Operating expenses for commercial vehicles and taxis can also be deducted. Other benefits such as increased safety, reduced risk of accidents and increased road capacity have contributed to the great popularity of these vehicles in the market. The vehicle is equipped with several sensors such as LiDAR and RADAR systems that are used for charging at the same time. Automatic stop without driving assistance. These sensors support the navigation process through location analysis, travel planning and lane control. As safety concerns grow and automotive technology advances, governments have invaded and introduced autonomous vehicles in the United States, Germany, China, Japan and other countries. These factors should support the growth of the automotive market during the forecast period as some government agencies are taking various initiatives to sell autonomous vehicles in their countries. For example, Euro in February 2018.
Practical Facts:
Based on application, the automotive market is segmented into transportation and defense. The transport sector is divided into industrial and commercial. The defense sector is expected to be the largest sector during the forecast period due to expansion of initiatives in various regions, including North America. For example, in April 2019, the U.S. military announced that its soldiers would use independent combat vehicles to help prevent traffic accidents. Baidu, a provider of internet-related products and services, announced in December 2019 that it had obtained 40 licenses to test autonomous vehicles. In the transportation sector, the industrial segment is expected to grow at a high CAGR (Compound Annual Growth Rate) during the forecast period. This is driven by technological advances and the popularization of autonomous vehicles by governments around the world.
Regional Outlook:
Growth of mobility as a service sector is expected to strengthen the automotive market. North America is projected to grow significantly over the next few years due to changes in US traffic laws, including self-driving cars on public roads. Gradually, rules are being created in every US state to make traffic completely free. For example, in 2013, the National Highway Traffic Safety Administration (NHTSA) will approve and test vehicles in several states, including Nevada, California, Florida, Michigan, and Washington, D.C. The growing popularity of autonomous vehicles over the next few years and the growing consumer preference for technologically advanced products will make it an attractive market for autonomous vehicles in the coming years. Also in 2018, the UK Transport Department enacted the right to drive self-driving cars on public roads without additional insurance or permits. Also in 2018, the state held a vote on cars and connected cars. The UK government has promised to bring self-driving cars to the road by 2021, and will also make necessary regulatory changes that could help develop self-driving cars. driving in england.
About key companies and their market share:
Audi AG is one of the most important players in the market. BMW SA; Daimler SA; Ford Motor Company; DG; Google LLC; Honda Motor Co., Ltd. Nissan Motor Co., Ltd.; Tesla Toyota Motor Co., Ltd.; Uber Technologies, Inc. Volvo Cars; Volkswagen AG: The leading companies in the automotive market are working together to develop innovative solutions that keep pace with the competition. For example, BMW AG, Intel Corporation, Mobileye, a subsidiary of Intel Corporation, and Fiat Chrysler Automobiles (FCA) signed an agreement with FCA to develop an autonomous driving platform in August 2017. The purpose of this memorandum is to consolidate the resources, skills and strengths of all companies to accelerate time to market, increase development efficiency and improve platform technology. These measures should contribute to the growth of the market.
Sectors covered by this report:
The report forecasts growth on a global, regional and national scale and provides an analysis of the latest industry trends and opportunities in each subsector from 2022 to 2030. For this study, Kenneth Research divides the market report by Application, into Global Automotive. - Infrastructure and industry-based segments. Program Forecast (Number, Thousands, 2022-2030) Transportation, Industry, Trade Defense.
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