China Autonomous Vehicles Market is projected to reach US$ 98.89 Billion by 2030. Self-driving cars could lead China's automotive industry into the passing lane. From automated cargo trucks to driverless taxis (AVs), autonomous vehicles will change the nature of on-road driving and, in the process, revolutionize the mobility and automotive industries. The autonomous vehicle is also known as a self-driving or driverless car that can sense and read the environment and operate with minimal human input. Self-driving cars have become the primary revolution in automation and connectivity technology. Computers, smart phones, the internet, and advanced technologies merge with vehicles to assist and automate driving operations.
China Driverless Cars Market Size was US$ 1.53 Billion in 2021
Notwithstanding, China is the world's second-largest market for autonomous driving technology. Therefore, it offers massive opportunities for domestic manufacturers and global firms alike. Autonomous driving in China will gain further momentum as driverless shuttles have become publicly available, and China is potentially taking the lead in the global autonomous vehicle market.
Furthermore, one of the significant drivers behind China's accelerating transformation towards self-driving technology is its favorable policy. Beijing follows an active approach to boost autonomous driving in China: Permitting extensive AV testing on highways and the goal to integrate partial self-driving technology in 50% of all new-auto sales by 2025 undermine China's ambitions to adopt large-scale, self-driving technology. Further, the Chinese government is expected to introduce official regulations on autonomous vehicles by 2023.
China's Autonomous Vehicles Industry will grow with a CAGR of 58.9% during 2021-2030
On the basis of Level of Driving, the China Self Driving Car market is segmented into level 3, level 4, and level 5. The level 3 automation of the semi-autonomous market segment is expected to show the fastest growth. Its adoption rate is moderate; nevertheless, due to the increasing technological development, its penetration rate is relatively higher than level 1 and level 2. Besides, The China FAW Group Corporation is the leading domestic automotive OEM in autonomous vehicle technology development. It will likely pioneer L4 autonomous vehicle technology and achieve commercialization in 2020.
Market Insights, Technology Wise; Hardware and Software Components
Based on technology, Autonomous Vehicles are Market by hardware and software components. Hardware components include HMI Hardware, Mapping Hardware, V2X Hardware, Safety-Related HMI Hardware, Control Systems, and Computing Hardware, Connectivity Hardware, Actuators, Sensing & Local Mapping Hardware. Again we have categorized the market on the basis of software components; Embedded Controls Software Market, V2X Software Market, Mapping Software Market, Data Security Software Market, and HMI Software Market. The China Autonomous Vehicles market is fragmented into AutoX, Baidu Apollo, Didi Chuxing, Pony.ai, TuSimple, WeRide.
This report titled China Autonomous Vehicles Market Forecast by Driverless Car Levels (L3, L4, L5), Hardware (Sensing & Local Mapping Hardware (Radar, LIDAR, Cameras) HMI Hardware, Mapping Hardware, V2X Hardware, Safety-Related HMI Hardware, Control Systems, and Computing Hardware, Connectivity Hardware, Actuators), Software (V2X Software, Mapping Software, Embedded Controls Software, HMI Software, Data Security Software), , Companies (AutoX, Baidu Apollo, Didi Chuxing, Pony.ai, TuSimple, WeRide)" provides a detailed insight of the China Autonomous Vehicles Industry.
China Autonomous Vehicles Market
Level 3: Semi-Autonomous
- Semi-Autonomous Driving
Level 4: High Automation
- Self Driving Car
Level 5: Full Automation
- Self Driving Car
Numbers - Autonomous Vehicles
1. Semi-Autonomous Driving
- (Level 3 Cars)
2. Self-Driving Car
- Level 4: High Automatio
- Level 5: Full Automation
Technology - Market has been divided into two Technologies:
1. Hardware Components
2. Software Components
Hardware Components - Market breakup from 13 viewpoints:
1. Sensing & Local Mapping Hardware
a) LIDAR
b) Radar
c) Cameras
2. Actuators
3. Connectivity Hardware
a) Embedded Mode
b) Embedded Controls Hardware
4. Control Systems and Computing Hardware
a) Passive Components
b) Other Electronics & Architecture
5. Safety-Related HMI Hardware
a) Odometry Sensors
b) Ultrasonic Sensors
6. V2X Hardware
7. Mapping Hardware
8. HMI Hardware
Software Components - Market breakup from 5 viewpoints:
1. V2X Software
2. Embedded Controls Software
3. Mapping Software
4. Data Security Software
5. HMI Software
All companies have been covered from 2 viewpoints:
- Overview
- Recent Developments
Company Analysis
1. AutoX
2. Baidu Apollo
3. Didi Chuxing
4. Pony.ai
5. TuSimple
6. WeRide
What is the estimated value of the Chinese Autonomous Vehicles Market?
What is the growth rate of the Chinese Autonomous Vehicles Market?
What is the forecasted size of the Chinese Autonomous Vehicles Market?
Who are the key companies in the Chinese Autonomous Vehicles Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | March 2022 |
| Forecast Period | 2021 - 2030 |
| Estimated Market Value ( USD | $ 1.53 Billion |
| Forecasted Market Value ( USD | $ 98.89 Billion |
| Compound Annual Growth Rate | 58.9% |
| Regions Covered | China |
| No. of Companies Mentioned | 6 |
Table of Contents
Companies Mentioned
- AutoX
- Baidu Apollo
- Didi Chuxing
- Pony.ai
- TuSimple
- WeRide
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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