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Autonomous Vehicle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

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    Report

  • 144 Pages
  • June 2022
  • Region: Global
  • IMARC Group
  • ID: 5615086
The global autonomous vehicle market reached a value of US$ 42.2 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 297.3 Billion by 2027, exhibiting a CAGR of 38.46% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.



Autonomous vehicle (AV), or a driverless vehicle, refers to an automobile that can operate independently without any human intervention. It can perform necessary functions by sensing and responding to external conditions and surroundings through superior and in-built programs. It consists of advanced sensor technology, advanced driver assistance system (ADAS), complex algorithm processors, smart control systems and actuators to gather information and perform tasks and responsive actions, such as steering, braking and acceleration. In comparison to the human-driven vehicles, AVs offer increased safety on the road, minimize human errors and fatigue and can be driven by individuals with physical disabilities.

Significant growth in the automotive industry, along with rapid digitization, represents one of the key factors creating a positive outlook for the market. Furthermore, the increasing requirement for safe and efficient mode of transportation is also driving the market growth. This has resulted to a growing preference among consumers for AVs with internet connectivity, safety alerts, automatic crash notifications and enhanced engine controls. Additionally, various technological advancements, such as the integration of artificial intelligence (AI), robotics, machine learning (ML) and the Internet of Things (IoT), are acting as other growth-inducing factors. In line with this, AV manufacturers are also using efficient light detection and ranging (LiDAR) and radio detection and ranging (RADAR) sensing technology for extensive monitoring and generation of 3D maps of the surroundings. Other factors, including the implementation of favorable government policies promoting auto-tech, along with innovations in connected vehicle technology and dynamic mobility applications, are anticipated to drive the market further.

Key Market Segmentation:


The publisher provides an analysis of the key trends in each sub-segment of the global autonomous vehicle market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, level of automation and application.

Breakup by Component:

  • Hardware
  • Software and Services

Breakup by Level of Automation:

  • Level 3
  • Level 4
  • Level 5

Breakup by Application:

  • Transportation and Logistics
  • Military and Defense

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:


The competitive landscape of the industry has also been examined along with the profiles of the key players being AB Volvo, AUDI Aktiengesellschaft (Volkswagen Group), Bayerische Motoren Werke AG, Daimler AG, Ford Motor Company, General Motors, Tesla Inc., Toyota Motor Corporation, Uber Technologies Inc. and Waymo LLC (Alphabet Inc.).

Key Questions Answered in This Report:

  • How has the global autonomous vehicle market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global autonomous vehicle market?
  • What are the key regional markets?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the level of automation?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global autonomous vehicle market and who are the key players?
  • What is the degree of competition in the industry?
Frequently Asked Questions about the Global Autonomous Vehicle Market

What is the estimated value of the Global Autonomous Vehicle Market?

The Global Autonomous Vehicle Market was estimated to be valued at $42.2 Billion in 2021.

What is the growth rate of the Global Autonomous Vehicle Market?

The growth rate of the Global Autonomous Vehicle Market is 38.4%, with an estimated value of $297.3 Billion by 2027.

What is the forecasted size of the Global Autonomous Vehicle Market?

The Global Autonomous Vehicle Market is estimated to be worth $297.3 Billion by 2027.

Who are the key companies in the Global Autonomous Vehicle Market?

Key companies in the Global Autonomous Vehicle Market include AB Volvo, AUDI Aktiengesellschaft (Volkswagen Group), Bayerische Motoren Werke AG, Daimler AG, Ford Motor Company, General Motors, Tesla Inc., Toyota Motor Corporation and Waymo LLC (Alphabet Inc.)..

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Autonomous Vehicle Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Hardware
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Software and Services
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Level of Automation
7.1 Level 3
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Level 4
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Level 5
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Application
8.1 Transportation and Logistics
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Military and Defense
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 AB Volvo
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 AUDI Aktiengesellschaft (Volkswagen Group)
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 Bayerische Motoren Werke AG
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Daimler AG
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Ford Motor Company
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 General Motors
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Tesla Inc.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Toyota Motor Corporation
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Uber Technologies Inc.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.10 Waymo LLC (Alphabet Inc.)
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
List of Figures
Figure 1: Global: Autonomous Vehicle Market: Major Drivers and Challenges
Figure 2: Global: Autonomous Vehicle Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Autonomous Vehicle Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Autonomous Vehicle Market: Breakup by Component (in %), 2021
Figure 5: Global: Autonomous Vehicle Market: Breakup by Level of Automation (in %), 2021
Figure 6: Global: Autonomous Vehicle Market: Breakup by Application (in %), 2021
Figure 7: Global: Autonomous Vehicle Market: Breakup by Region (in %), 2021
Figure 8: Global: Autonomous Vehicle (Hardware) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Autonomous Vehicle (Hardware) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Autonomous Vehicle (Software and Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Autonomous Vehicle (Software and Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Autonomous Vehicle (Level 3) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Autonomous Vehicle (Level 3) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Autonomous Vehicle (Level 4) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Autonomous Vehicle (Level 4) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Autonomous Vehicle (Level 5) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Autonomous Vehicle (Level 5) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Autonomous Vehicle (Transportation and Logistics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Autonomous Vehicle (Transportation and Logistics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Autonomous Vehicle (Military and Defense) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Autonomous Vehicle (Military and Defense) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: North America: Autonomous Vehicle Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: North America: Autonomous Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: North America: Autonomous Vehicle Market: Breakup by Country (in %), 2021
Figure 25: United States: Autonomous Vehicle Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: United States: Autonomous Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Canada: Autonomous Vehicle Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Canada: Autonomous Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Asia-Pacific: Autonomous Vehicle Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Asia-Pacific: Autonomous Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Asia-Pacific: Autonomous Vehicle Market: Breakup by Country (in %), 2021
Figure 32: China: Autonomous Vehicle Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: China: Autonomous Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Japan: Autonomous Vehicle Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Japan: Autonomous Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: India: Autonomous Vehicle Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: India: Autonomous Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: South Korea: Autonomous Vehicle Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: South Korea: Autonomous Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Australia: Autonomous Vehicle Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Australia: Autonomous Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Indonesia: Autonomous Vehicle Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Indonesia: Autonomous Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Others: Autonomous Vehicle Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Others: Autonomous Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Europe: Autonomous Vehicle Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Europe: Autonomous Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Europe: Autonomous Vehicle Market: Breakup by Country (in %), 2021
Figure 49: Germany: Autonomous Vehicle Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Germany: Autonomous Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: France: Autonomous Vehicle Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: France: Autonomous Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: United Kingdom: Autonomous Vehicle Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: United Kingdom: Autonomous Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Italy: Autonomous Vehicle Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Italy: Autonomous Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Spain: Autonomous Vehicle Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Spain: Autonomous Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Russia: Autonomous Vehicle Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Russia: Autonomous Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Others: Autonomous Vehicle Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Others: Autonomous Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Latin America: Autonomous Vehicle Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Latin America: Autonomous Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Latin America: Autonomous Vehicle Market: Breakup by Country (in %), 2021
Figure 66: Brazil: Autonomous Vehicle Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Brazil: Autonomous Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Mexico: Autonomous Vehicle Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Mexico: Autonomous Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Others: Autonomous Vehicle Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Others: Autonomous Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Middle East and Africa: Autonomous Vehicle Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Middle East and Africa: Autonomous Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Middle East and Africa: Autonomous Vehicle Market: Breakup by Country (in %), 2021
Figure 75: Global: Autonomous Vehicle Industry: SWOT Analysis
Figure 76: Global: Autonomous Vehicle Industry: Value Chain Analysis
Figure 77: Global: Autonomous Vehicle Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Autonomous Vehicle Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Autonomous Vehicle Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 3: Global: Autonomous Vehicle Market Forecast: Breakup by Level of Automation (in Million US$), 2022-2027
Table 4: Global: Autonomous Vehicle Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Autonomous Vehicle Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Autonomous Vehicle Market: Competitive Structure
Table 7: Global: Autonomous Vehicle Market: Key Players

Companies Mentioned

  • AB Volvo
  • AUDI Aktiengesellschaft (Volkswagen Group)
  • Bayerische Motoren Werke AG
  • Daimler AG
  • Ford Motor Company
  • General Motors
  • Tesla Inc.
  • Toyota Motor Corporation
  • Uber Technologies Inc.
  • Waymo LLC (Alphabet Inc.).

Methodology

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