Global Autonomous Vehicles Market - Analysis & Forecast (2016-2025) (Focus on Major Levels of Technology and Vehicle Types)

  • ID: 4091276
  • Report
  • Region: Global
  • 215 pages
  • BIS Research
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The Autonomous Vehicles Market Expected to Grow at a Double Digit CAGR by 2025

FEATURED COMPANIES

  • Audi AG
  • Daimler AG
  • Denso Corporation
  • Ford Motor Company
  • General Motors Company
  • HERE
  • MORE

The global autonomous vehicle market is experiencing an exponential growth rate due to the rising concerns for improving road safety and ease of driving experience. This high scale of growth of the autonomous vehicle industry is subsequently influencing the market, wherein companies are testing the efficiency and feasibility of their automated systems. Furthermore, usage of automated vehicles is expected to decrease the overall road congestion, therefore, improving the traffic flow to a certain level. The different level of vehicle automation include level 1 (Advanced Driver Assistance Systems), level 2 (partial automation), level 3 (conditional automation), level 4 (high automation) and level 5 (fully autonomous). By analysis, the number of vehicles (both passenger cars and commercial vehicles) equipped with level 2 autonomous systems in 2016, is estimated to be 2.73 million units.

Following points provide a comprehensive description of the report content and the topics covered in the report:

  • This report identifies the global autonomous vehicle market under different segments such as by technology, vehicle type, and geography
  • The study includes the market analysis and forecast of global autonomous vehicle market for different level of automation in period 2015 to 2025. The study incorporates the market value of level 1 automated systems (in both passenger cars and commercial vehicles) and volume of level 2 equipped vehicles (both passenger cars and commercial vehicles) for the forecast period
  • The report covers the technology- penetration of level 3, level 4 and level 5 autonomous system in passenger cars for the years 2015, 2020 and 2025
  • It examines the prime supply and demand side factors affecting the growth of the market along with the current and future trends prevalent in the global autonomous vehicle market.
  • The report further presents a detailed examination of autonomous vehicle market along the lines of market drivers, restraints, and growth opportunities
  • The report also highlights strategic benchmarking followed by the major OEM’s
  • A detailed competitive analysis has been included in this report which focuses on the key market developments & strategies followed by the key players in the market.
  • The report also includes patent analysis and the investment scenario original equipment manufacturers (OEMs)
  • Autonomous vehicle market has been analyzed for all geographies including North America, Europe, Asia-Pacific, and Rest of the World with further analysis with respect to the level of automation. Further, individual regions has been segmented and analyzed according to major countries.
  • The key market players are analyzed and profiled in detail in the report. This section covers business financials, company snapshots, key products & services, major developments, and future programs (if any).
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FEATURED COMPANIES

  • Audi AG
  • Daimler AG
  • Denso Corporation
  • Ford Motor Company
  • General Motors Company
  • HERE
  • MORE

Executive Summary

1 Research Scope & Methodology
1.1 Scope of the Report
1.2 Global Autonomous Vehicle Market Research Methodology

2 Market Dynamics
2.1 Drivers
2.1.1 Decline in Road Accidents
2.1.2 Reduction in Traffic Flow
2.1.3 Reduced Dependency on Human Drivers
2.2 Restraints
2.2.1 Safety Concerns on the Usage of Autonomous Vehicles
2.2.2 Substandard Infrastructural Conditions
2.2.3 Technological Challenges for a Self-driving System
2.3 Opportunities
2.3.1 High Potential of Autonomous Vehicles in the Commercial Sector
2.3.2 High Anticipated Growth Rate for Component Manufacturers
2.3.3 New Business Model for OEMs and Insurance Companies

3 Competitive Insights
3.1 Competitive Landscape
3.1.1 Business Expansion
3.1.2 Product Launches & Developments
3.1.3 Partnerships, Collaborations & Joint Ventures
3.1.4 Mergers and Acquisitions
3.1.5 Others (Events, Awards, and Achievements)
3.2 Key Market Strategies and Developments
3.3 Strategic Benchmarking of Key Players
3.4 Investment by Major OEMs
3.5 Patent Scenario

4 Assumptions and Limitations
4.1 Assumptions & Limitations for Market Size Calculations

5 Global Autonomous Vehicle Market by Technology Levels
5.1 Level 1 (Advanced Driver Assistance Systems, ADAS) Vehicle Market Size, 2015-2025
5.2 Level 2 (Partial Automation) Autonomous Vehicle Market Size, 2015-202
5.2.1 Traffic Jam Assist
5.2.2 Park Assist
5.3 Level 3 (Conditional Automation) Autonomous Vehicle Market Penetration, 2015, 2020 & 2025
5.3.1 Highway Chauffeur
5.3.2 Traffic Jam Pilot
5.4 Level 4 (High Automation) Autonomous Vehicle Market Penetration, 2015, 2020 & 202
5.4.1 Valet Parking/Parking Garage Pilot
5.4.2 Highway Pilot
5.5 Level 5 (Full Automation) Autonomous Vehicle Market Penetration, 2015, 2020 & 202

6 Global Autonomous Vehicle Market by Vehicle Type
6.1 Passenger Cars: Autonomous Vehicle Market, 2015-202
6.1.1 Level 1 (Advanced Driver Assistance System, ADAS) Market Size by Passenger Cars, 2015-2025
6.1.2 Level 2 (Partial Automation) Market Size by Passenger Cars, 2015-2025
6.1.3 Level 3, Level 4 and Level 5 Market Penetration by Passenger Cars, 2015, 2020 & 2025
6.2 Commercial Vehicles: Autonomous Vehicle Market, 2015-2025
6.2.1 Level 1 (Advanced Driver Assistance System, ADAS) Market Size by Commercial Vehicles, 2015-2025
6.2.2 Level 2 (Partial Automation) Market Size by Commercial Vehicles, 2015-2025
6.2.3 Key Developments: Level 3, Level 4 and Level 5 Market by Commercial Vehicles
6.2.3.1 Light Commercial Vehicles
6.2.3.2 Trucks
6.2.3.3 Buses

7 Global Autonomous Vehicle Market by Geography
7.1 Level 1 (Advanced Driver Assist System, ADAS) Market by Geography
7.2 Level 2 (Partial Automation) Autonomous Vehicle Market by Geography
7.3 Level 3, Level 4 and Level 5 Autonomous Vehicle Market Penetration by Geography
7.4 North America: Autonomous Vehicle Market, 2015-2025
7.4.1 North America: Level 1 Market by Country, 2015-2025
7.4.2 North America Level 2 Autonomous Vehicle Market by Country, 2015-2025
7.4.3 North America Level 3, Level 4 and Level 5 Autonomous Vehicle Market Penetration, 2015, 2020 & 2025
7.4.4 The U.S: Autonomous Vehicle Market, 2015-2025
7.5 Europe Autonomous Vehicle Market, 2015-2025
7.5.1 Europe Level 1 (Advanced Driver Assist System, ADAS) Market by Country, 2015-2025
7.5.2 Europe Level 2 Autonomous Vehicle Market by Country, 2015-2025
7.5.3 Europe Level 3, Level 4 and Level 5 Autonomous Vehicle Market Penetration, 2015, 2020 & 2025
7.5.4 Germany Autonomous Vehicle Market, 2015-2025
7.5.5 The U.K. Autonomous Vehicle Market, 2015-2025
7.5.6 France Autonomous Vehicle Market, 2015-2025
7.6 Asia-Pacific (APAC) Autonomous Vehicle Market, 2015-2025
7.6.1 APAC Level 1 (Advanced Driver Assist System, ADAS) Market by Country, 2015-2025
7.6.2 APAC Level 2 Autonomous Vehicle Market by Country, 2015-2025
7.6.3 APAC Level 3, Level 4 and Level 5 Autonomous Vehicle Market Penetration, 2015, 2020 & 2025
7.6.4 China Autonomous Vehicle Market, 2015-2025
7.6.5 Japan Autonomous Vehicle Market, 2015-2025
7.7 Rest of the World (RoW) Autonomous Vehicle Market, 2015-2025
7.7.1 RoW Level 1 (Advanced Driver Assist System, ADAS) Market by Region, 2015-2025
7.7.2 RoW Level 2 Autonomous Vehicle Market, 2015-2025
7.7.3 RoW Level 3, Level 4 and Level 5 Autonomous Vehicle Market Penetration, 2015, 2020 & 2025
7.7.4 South America Autonomous Vehicle Market, 2015-2025
7.7.5 Middle East & Africa (MEA) Autonomous Vehicle Market, 2015-2025

8 Company Profiles
8.1 OEMs
8.1.1 Daimler AG
8.1.1.1 Company Overview
8.1.1.2 Product Offerings
8.1.1.3 Financials
8.1.1.4 Financial Summary
8.1.2 Audi AG
8.1.2.1 Company Overview
8.1.2.2 Product Offerings
8.1.2.3 Financials
8.1.2.4 Financial Summary
8.1.3 General Motors Company
8.1.3.1 Company Overview
8.1.3.2 Product Offerings
8.1.3.3 Financials
8.1.3.4 Financial Summary
8.1.4 Toyota Motor Corporation
8.1.4.1 Company Overview
8.1.4.2 Product Offerings
8.1.4.3 Financials
8.1.4.4 Financial Summary
8.1.5 Ford Motor Company
8.1.5.1 Company Overview
8.1.5.2 Product Offerings
8.1.5.3 Financials
8.1.5.4 Financial Summary
8.1.6 Nissan Motor Corporation
8.1.6.1 Company Overview
8.1.6.2 Product Offerings
8.1.6.3 Financials
8.1.6.4 Financial Summary
8.1.7 Volkswagen AG
8.1.7.1 Company Overview
8.1.7.2 Product Offerings
8.1.7.3 Financials
8.1.7.4 Financial Summary
8.1.8 Bayerische Motoren Werke AG
8.1.8.1 Company Overview
8.1.8.2 Product Offerings
8.1.8.3 Financials
8.1.8.4 Financial Summary
8.1.9 Fiat Chrysler Automobiles (FCA) NV
8.1.9.1 Company Overview
8.1.9.2 Product Offerings
8.1.9.3 Financials
8.1.9.4 Financial Summary
8.1.10 Volvo Group
8.1.10.1 Company Overview
8.1.10.2 Product Offerings
8.1.10.3 Financials
8.1.10.4 Financial Summary
8.1.11 Tesla Motors Inc.
8.1.11.1 Company Overview
8.1.11.2 Product Offerings
8.1.11.3 Financials
8.1.11.4 Financial Summary
8.2 Tier 1
8.2.1 Denso Corporation
8.2.1.1 Company Overview
8.2.1.2 Product Portfolio
8.2.1.3 Financials
8.2.1.4 Financial Summary
8.2.2 HERE
8.2.2.1 Company Overview
8.2.2.2 Product Offerings
8.2.2.3 Financials
8.2.3 Mobileye N.V.
8.2.3.1 Company Overview
8.2.3.2 Product Offerings
8.2.3.3 Financials
8.2.3.4 Financial Summary
8.2.4 NVIDIA Corporation
8.2.4.1 Company Overview
8.2.4.2 Product Offering
8.2.4.3 Financials
8.2.4.4 Financial Summary

9 Appendix
9.1 Related Reports
 
List of Tables

Table 3.1 Key Business Expansion Activities
Table 3.2 Key Product Launches
Table 3.3 Key Partnerships/Collaborations/Joint Ventures
Table 3.4 Key Mergers and Acquisitions
Table 3.5 Key Awards/Achievements/Events
Table 3.6 Key Strategic Developments by Tier-1 and Other Emerging Companies
Table 5.1 Level 1 (Advanced Driver Assistance Systems, ADAS) Market by Solutions, 2015-2025 ($Million)
Table 5.2 Level 1 (Advanced Driver Assistance Systems, ADAS) Market by Sensors, 2015-2025 ($Million)
Table 5.3 Level 1 (Advanced Driver Assistance Systems, ADAS) Market by Sensors, 2015-2025 (Million Units)
Table 5.4 List of Companies Testing Level 4 Technology
Table 5.5 Key Developments: Level 5 (High Automation) Market
Table 6.1 Level 1 (Advanced Driver Assistance Systems, ADAS) Market of Passenger Cars by Solutions, 2015-2025 ($Million)
Table 6.2 Key Developments: Level 3, Level 4 and Level 5 Autonomous Vehicle Market
Table 6.3 Level 1 (Advanced Driver Assistance Systems, ADAS) Market of Commercial Vehicles by Solutions, 2015-2025 ($Million)
Table 7.1 North America Level 1 (Advanced Driver Assist System, ADAS) Market by Country, 2015-2025 ($Million)
Table 7.2 North America Level 2 Autonomous Vehicle Market by Country, 2015-2025 (Thousand Units)
Table 7.3 The U.S., Level 1 Autonomous Vehicle Market, 2015-2025
Table 7.4 Europe Level 1 (Advanced Driver Assist System, ADAS) Market by Country, 2015-2025 ($Million)
Table 7.5 Europe Level 2 Autonomous Vehicle Market by Country, 2015-2025 (Thousand Units)
Table 7.6 Germany Autonomous Vehicle Market, 2015-2025
Table 7.7 The U.K. Autonomous Vehicle Market, 2015-2025
Table 7.8 France Autonomous Vehicle Market, 2015-2025
Table 7.9 APAC Level 1 (Advanced Driver Assist System, ADAS) Market by Country, 2015-2025 ($Million)
Table 7.10 APAC Level 2 Autonomous Vehicle Market by Country, 2015-2025 (Thousand Units)
Table 7.11 China Autonomous Vehicle Market, 2015-2025
Table 7.12 Japan Autonomous Vehicle Market, 2015-2025
Table 7.13 RoW Level 1 (Advanced Driver Assist System, ADAS) Market by Region, 2015-2025 ($Million)
 
List of Figures

Figure 1 Autonomous Vehicle Budget: Government Spending Across Major Countries
Figure 2 Level 1 (Advanced Driver Assistance Systems, ADAS) Vehicle Market Size, 2015-2025 ($Million)
Figure 3 Level 2 Penetration Rate in Global Automotive Market, 2015-2025
Figure 4 Level 2 Autonomous Vehicle Market Size, 2015-2025 (Million Units)
Figure 5 Global Autonomous Vehicle Market by Vehicle Type, 2015 & 2025
Figure 6 Global Autonomous Vehicle Market by Geography, 2015 & 2025
Figure 1.1 Autonomous Vehicle Market Scope
Figure 1.2 Secondary Data Sources
Figure 1.3 Top Down and Bottom up Approach for Global Autonomous Vehicle Market
Figure 1.4 Global Autonomous Vehicle Market Influencing Factors
Figure 1.5 Assumptions and Limitations
Figure 3.1 Some of the Organic and Inorganic Growth Strategies Adopted by the Key Players
Figure 3.2 Percentage Share of Strategies Adopted by the Market Players
Figure 3.3 Key Strategic Developments by OEMs
Figure 3.4 Investment Scenario of Major OEMs
Figure 3.5 Global Autonomous Vehicle Market, Worldwide Patent (2010-2015)
Figure 5.1 Global Autonomous Vehicle Market: Different Level of Automation
Figure 5.2 Global Autonomous Vehicle Market: Price vs User Acceptance
Figure 5.3 Level 1 (Advanced Diver Assistance Systems, ADAS) Market Size, 2015-2025 ($Million)
Figure 5.4 Level 1 (Advanced Driver Assistance Systems, ADAS) Market by Sensors, 2015-2025 (Million Units)
Figure 5.5 Level 1 (Advanced Driver Assistance Systems, ADAS) Market by Sensors, Average Selling
Figure 5.6 Key Technologies: Level 2 (Partial Automation) Autonomous Vehicle Market
Figure 5.7 Level 2 (Partial Automation) Autonomous Vehicle Market Volume, 2015-2025 (Million Units)
Figure 5.8 Key Technologies: Level 3 (Conditional Automation) Autonomous Vehicle Market
Figure 5.9 Key Technologies: Level 4 (High Automation) Autonomous Vehicle Market
Figure 6.1 Level 1 (Advanced Driver Assistance Systems, ADAS) Market by Vehicle Type, 2015 & 2025 ($Million)
Figure 6.2 Level 1 (Advanced Driver Assistance System, ADAS) Market Value by Passenger Cars, 2015-2025 ($Million)
Figure 6.3 Level 2 (Partial Automation) Market Value by Passenger Cars, 2015-2025 (Million Units)
Figure 6.4 Level 1 (Advanced Driver Assistance System, ADAS) Market Size by Commercial Vehicles, 2015-2025 ($Million)
Figure 6.5 Level 2 (Partial Automation) Market Size by Commercial Vehicles, 2015-2025 (Thousand Units)
Figure 7.1 Level 1 (Advanced Driver Assist System, ADAS) Market by Geography
Figure 7.2 Level2 (Partial Automation) Autonomous Vehicle Market by Geography
Figure 7.3 North America Level 1 (Advanced Driver Assist System, ADAS) Market by Country, 2015-2025 ($Million)
Figure 7.4 North America Level 1 (Advanced Driver Assist System, ADAS) Market by Sensors, 2015-2025 (Million Units)
Figure 7.5 Major Partnerships: The U.S. Autonomous Vehicle Market
Figure 7.6 Europe Level 1 (Advanced Driver Assist System, ADAS) Market by Country, 2015-2025 ($Million)
Figure 7.7 Europe Level 1 (Advanced Driver Assist System, ADAS) Market by Sensors, 2015-2025 (Million Units)
Figure 7.8 European Level 2 Autonomous Vehicle Market Size, by Country, 2015
Figure 7.9 APAC Level 1 (Advanced Driver Assist System, ADAS) Market by Country, 2015-2025 ($Million)
Figure 7.10 APAC Level 1 (Advanced Driver Assist System, ADAS) Market by Sensors, 2015-2025 (Million Units)
Figure 7.11 RoW Level 1 (Advanced Driver Assist System, ADAS) Market by Region, 2015-2025 ($Million)
Figure 7.12 RoW Level 1 (Advanced Driver Assist System, ADAS) Market by Sensors, 2015-2025 (Million Units)
Figure 7.13 RoW Level 2 Autonomous Vehicle Market by Region, 2015-2025 (Thousand Units)
Figure 8.1 Daimler AG: Product Offerings
Figure 8.2 Daimler AG: Overall Financials, 2013-2015
Figure 8.3 Daimler AG: Net Revenue by Business Segments, 2013-2015
Figure 8.4 Daimler AG: Net Revenue by Geography, 2015
Figure 8.5 Daimler AG: Research & Development Expenditure, 2013-2015
Figure 8.6 Audi AG: Product Offerings
Figure 8.7 Audi AG: Overall Financials, 2013-2015
Figure 8.8 Audi AG: Net Revenue by Business Segments, 2013-2015
Figure 8.9 Audi AG: Net Revenue by Geography, 2015
Figure 8.10 Audi AG: Research & Development Expenditure, 2013-2015
Figure 8.11 General Motors Company: Product Offerings
Figure 8.12 General Motors Company: Overall Financials, 2013-2015
Figure 8.13 General Motors Company: Net Revenue by Business Segments, 2013-2015
Figure 8.14 General Motors Company: Net Revenue by Geography, 2015
Figure 8.15 General Motors Company: Research & Development Expenditure, 2013-2015
Figure 8.16 Toyota Motors Company: Product Offerings
Figure 8.17 Toyota Motors Company: Overall Financials, 2014-2016
Figure 8.18 Toyota Motors Company: Net Revenue by Business Segments, 2014-2016
Figure 8.19 Toyota Motors Company: Net Revenue by Geography, 2016
Figure 8.20 Toyota Motors Company: Research & Development Expenditure, 2014-2016
Figure 8.21 Ford Motor Company: Product Offerings
Figure 8.22 Ford Motors Company: Overall Financials, 2013-2015
Figure 8.23 Ford Motor Company: Net Revenue by Business Segments, 2013-2015
Figure 8.24 Ford Motor Company: Net Revenue by Geography, 2015
Figure 8.25 Ford Motor Company: Research & Development Expenditure, 2013-2015
Figure 8.26 Nissan Motor Corporation: Product Offerings
Figure 8.27 Nissan Motor Corporation: Overall Financials, 2014-2016
Figure 8.28 Nissan Motor Corporation: Net Revenue by Geography, 2016
Figure 8.29 Nissan Motor Corporation: Research & Development Expenditure, 2014-2016
Figure 8.30 Volkswagen AG: Product Offerings
Figure 8.31 Volkswagen AG: Overall Financials, 2013-2015
Figure 8.32 Volkswagen AG: Net Revenue by Business Segments, 2013-2015
Figure 8.33 Volkswagen AG: Net Revenue by Geography, 2015
Figure 8.34 Volkswagen AG: Research & Development Expenditure, 2013-2015
Figure 8.35 Bayerische Motoren Werke (BMW) AG: Product Offerings
Figure 8.36 Bayerische Motoren Werke AG: Overall Financials, 2014-2016
Figure 8.37 Bayerische Motoren Werke AG: Net Revenue by Business Segments, 2013-2015
Figure 8.38 Bayerische Motoren Werke AG: Research & Development Expenditure, 2014-2016
Figure 8.39 Fiat Chrysler Automobiles (FCA) NV: Product Offerings
Figure 8.40 Fiat Chrysler Automobiles: Overall Financials, 2013-2015
Figure 8.41 Fiat Chrysler Automobiles: Net Revenue by Business Segments, 2013-2015
Figure 8.42 Fiat Chrysler Automobiles: Research & Development Expenditure, 2013-2015
Figure 8.43 The Volvo Car Corporation: Product Offerings AB Volvo: Product Offerings
Figure 8.44 AB Volvo: Overall Financials, 2013-2015
Figure 8.45 The Volvo Car Corporation: Overall Financials, 2013-2015
Figure 8.46 AB Volvo: Net Revenue by Business Segments, 2013-2015
Figure 8.47 AB Volvo: Net Revenue Share, by Geography, 2015
Figure 8.48 The Volvo Car Corporation: Net Revenue Share, by Geography, 2015
Figure 8.49 AB Volvo: Research & Development Expenditure, 2013-2015
Figure 8.50 The Volvo Car Corporation: Research & Development Expenditure, 2013-2015
Figure 8.51 Tesla Motors Inc.: Product Offerings
Figure 8.52 Tesla Motors Inc: Overall Financials, 2013-2015
Figure 8.53 Tesla Motors Inc: Net Revenue Share, by Geography, 2015
Figure 8.54 Tesla Motors Inc: Net Revenue Share, by Geography, 2015
Figure 8.55 Tesla Motors Inc: Research & Development Expenditure, 2013-2015
Figure 8.56 Denso Corporation: Product Offerings
Figure 8.57 Denso Corporation, Overall Financials, 2013-2015
Figure 8.58 Segment Revenue Mix, 2013-2015
Figure 8.59 Automotive Segment Revenue Mix, 2015
Figure 8.60 Geographic Revenue Mix, 2015
Figure 8.61 HERE: Product Offerings
Figure 8.62 Mobileye N.V.: Product Offerings
Figure 8.63 Mobileye N.V.: Overall Financials, 2013-2015
Figure 8.64 Mobileye N.V.: Net Revenue Share, by Business Segments, 2013-2015
Figure 8.65 Mobileye N.V.: Net Revenue Share, by Geography, 2015
Figure 8.66 Mobileye N.V.: Research & Development Expenditure, 2013-2015
Figure 8.67 NVIDIA Corporation: Product Offerings
Figure 8.68 NVIDIA Corporation: Overall Financials, 2014-2016
Figure 8.69 NVIDIA Corporation: Net Revenue Share, by Business Segments, 2014-2016
Figure 8.70 NVIDIA Corporation: Geography, Revenue, 2016
Figure 8.71 NVIDIA Corporation: Research & Development Expenditure, 2014-2016

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FEATURED COMPANIES

  • Audi AG
  • Daimler AG
  • Denso Corporation
  • Ford Motor Company
  • General Motors Company
  • HERE
  • MORE

Autonomous systems in automobiles have emerged as a major necessity in the current times. Automated systems assisting drivers, reduces the driver’s burden and allows drivers to multi task during the journey, and ultimately improves the overall driving experience. The integration of automated systems in vehicles allows vehicles to sense the obstacles beyond the user’s sight, therefore, have significantly helped in increasing the road safety for both pedestrians and drivers, reducing the traffic congestion, and improves the fuel efficiency of the vehicles. Owing to these market driving factors, the autonomous vehicle market is expected to grow exponentially, in the period 2015-2025.

The automated systems can be segmented on the basis of automation capabilities and system’s limits. Market numbers for lower level of automaton (level 1 and level 2) are expanding at a rapid pace, due to the large scale commercialization of these systems. According to analysts at BIS Research, the number of vehicles integrated with level 2 automation systems was estimated to be 2.73 million units in the year 2016. At the same time, higher automation (level 3, level 4 and level 5) are currently under testing phase, several of the industry giants are testing the performance of these systems. Due to the intense competition in the market and surging demand for fully automated vehicles, the presence of self-driven vehicles is expected to increase in the upcoming future.

The global autonomous vehicle market is driven by factors such as decline in number of road accidents due to eliminating the dependency on human drivers at critical times. Using autonomous systems permits the vehicles to travel at a much closer range and  also enables the vehicles to detect parking spots and park themselves (without the supervision of the drivers). Therefore, this results into smoother traffic flow smoothly and leads to better fuel efficiency of the vehicles. Further, using autonomous vehicles lessens the need of human drivers and can be a boon to industries facing man power shortages. In addition to this, the stringent laws imposed by regulatory bodies to use autonomous systems in the vehicles are some of the major factors leading to high growth rate of the autonomous vehicle industry.

Some of the key players developing and testing the autonomous features include Daimler AG, Audi AG, General Motors Company, Toyota Motor Corporation, Ford Motor Company, Tesla Motors, Bayerische Motoren Werke AG, Navya Tech, Denso Corporation, HERE, EasyMile and Mobileye N.V. These players are testing different autonomous systems on the basis of level of autonomy and the vehicle type (passenger cars and commercial vehicles) to which the systems are to be integrated with.

Passenger cars currently lead the autonomous vehicle market both in terms of value (level 1 market value) and volume (number of vehicles equipped with level 2 automated features). At the same time, there is high expected growth of automated commercial vehicles due to the vast application use of these automated vehicles. Some of the applications of commercial vehicles include taxi services (ride-sharing basis), transportation (goods and passengers) and product delivery.

Europe currently dominates the autonomous vehicle market (in terms of level 1 value and level 2 volume) due the presence of major technology manufacturers, high disposable income, early commercialization of automated vehicles and public organizations supporting the advancement of these vehicles. Europe followed by North America, contributes second most share in the autonomous vehicle market. Furthermore, there is a high market growth potential in APAC region, due to the presence of several key industry players and imminent need of autonomous vehicles to curb the problems arising due to high traffic density.

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  • Audi AG
  • Bayerische Motoren Werke AG
  • Daimler AG
  • Denso Corporation
  • Ford Motor Company
  • General Motors Company
  • HERE
  • Mobileye N.V.
  • Tesla Motors
  • Toyota Motor Corporation
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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