Global Autonomous Vehicles Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024

Industry : Automotive & Transportation Date : September 6th, 2018
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The global autonomous vehicles market is expected to witness a CAGR of 62.86% to reach USD 41.24 billion by 2024. Huge investments by key players in R&D of autonomous vehicles and increasing incidences of accidents are likely to fuel the market growth over the forecast period. Moreover, high demand for improvement of traffic congestion in urban setup is expected to propel the market growth during 2018 to 2024.

The years used for the assessment are as follows;

  • Historical year  : 2014, 2015, and 2016
  • Base year      : 2017
  • Forecast period : 2018 – 2024

RESEARCH METHODOLOGY

The research and analysis is based on data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;

  • Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, and other secondary sources
  • Interacting with key opinion leaders of the market and developing data points based on interaction with them
  • Study of past trends in the market and their year on year Impact on the market size and share
  • Analyzing the collected data points
  • Bridging the data points to calculate the total autonomous vehicles market and its various segments
  • Anticipating potential risks
  • Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the autonomous vehicles market
  • Finalizing the overall size and share for the global autonomous vehicles market

OBJECTIVES:

  • To classify the global autonomous vehicles market into segments by type, propulsion, application, level, vehicle type, component type, and region and analyze their growth prospects individually.
  • To analyze market trends, opportunities, drivers and restraints associated with the autonomous vehicles market.
  • Profiling key companies operating in the global autonomous vehicles market.
  • To study market response with respect to the mergers and acquisitions in the industry.

MARKET SCOPE

The research scope for global autonomous vehicles market is as follows:

By Type

  • Partially Autonomous Vehicles
  • Fully Autonomous Vehicles

By Propulsion

  • HEV
  • PHEV
  • BEV
  • FCEV
  • ICE

By Application

  • Privately Owned
  • Commercial
  • Business Owned

By Level

  • Level 1
  • Level 2
  • Level 3
  • Level 4
  • Level 5

By Vehicle Type

  • Car
  • Truck
  • Bike

By Component Type

  • Artificial Intelligence (AI)
  • Camera
  • LiDar
  • Radar
  • Ultrasonic Sensor

By Region

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Middle East and Africa (MEA)
  • Central and South America

Autonomous Vehicles Market: Restructuring the urban transport network in the near future 

The global autonomous vehicles market is expected to witness a CAGR of 62.86% to reach USD 41.24 billion by 2024. Huge investments by key players in R&D of autonomous vehicles and increasing incidences of accidents are likely to fuel the market growth over the forecast period. Moreover, high demand for improvement of traffic congestion in urban setup is expected to propel the market growth during 2018 to 2024.

Autonomous vehicles are self-driving vehicles with advanced driver assisting features and the capability to navigate without the intervention of the driver. These vehicles will be commercially available in the coming years and are expected to transform the urban transport infrastructure in the next few decades.

Major companies are signing mergers with major tech companies to develop advanced vehicle automation technology to enter the autonomous vehicle market before its nascent stage. One of the early applications of autonomous vehicles is expected to be public transport. This will likely be achieved by major ridesharing companies merging with key automobile manufacturing companies in the coming years.

Legislations for autonomous vehicles will be a major driving factor of this market over the forecast period. The US has already approved regulatory infrastructure for autonomous vehicles. This will give impetus to the market growth over the early years of the forecast period. However, a harmonized legislation will be required in the later years.

North America is expected to experience the fastest CAGR over the forecast period, and is likely to hold the major share of the market during 2019-2024. This can be attributed to the state-level adoption of self-driving legislations in 24 states of the US via approval by legislators or approval via executive order by governor. Moreover, presence of key players in this region is likely to give impetus to the market over the forecast period.

Some of the key companies operating in the market include Tesla; BMW AG; General Motors;Ford Motor Company;Daimler AG; Lyft; Argo AI LLC; Waymo; Texas Instruments Incorporated; and Intel Corporation, among others.

Autonomous Vehicles Market

TABLE OF CONTENTS

CHAPTER 1. Market Scope and Methodology

1.1. Market Definition

1.2. Market Segmentation

1.2.1. Market Breakdown, By Type

1.2.2. Market Breakdown, By Propulsion

1.2.3. Market Breakdown, By Application

1.2.4. Market Breakdown, By Level

1.2.5. Market Breakdown, By Vehicle Type

1.2.6. Market Breakdown, By Component Type

1.2.7. Market Breakdown, By Region

1.3. Research Methodology

1.3.1. Initial Data Search

1.3.2. Secondary Research

1.3.3. Primary Research

1.3.4. Scope and Assumptions

1.4. Executive Summary

CHAPTER 2. Market Outlook

2.1. Introduction

2.2. Regional Legislations

2.3. Advanced Driver-Assistance Systems (ADAS)

2.4. Environmental Implications

2.5. Market Outlook

2.5.1. Market Share

2.5.2. Opportunities and Trends

   2.5.2.1. Potential market in developed countries

   2.5.2.2. Self-driving car fleet for ridesharing companies

   2.5.2.3. Commercial applications of automated trucks in highways

   2.5.2.4. Manufacturing autonomous EVs

   2.5.2.5. Autonomous vehicles commercialization expected by 2019 to 2021

2.5.3. Growth Drivers

    2.5.3.1. Huge investments by key players in R&D of autonomous vehicles

    2.5.3.2. Increasing incidences of accidents

           2.5.3.3. Demand for improvement of traffic congestion in the urban setup

2.5.4. Impact Analysis of Drivers on Future Forecast of the Market

2.5.5. Restraints of the Market

   2.5.5.1. Absence and complications in regulatory environment

   2.5.5.2. Growth of the market depends on adoption timeline

2.5.6. Impact Analysis of Restraints on Future Forecast of the Market

CHAPTER 3. Market Entry Strategy

3.1. PESTLE Analysis

3.2. Value Chain Analysis

3.3. Competitive Analysis

3.3.1. Company Market Share Analysis

3.3.2. Porter’s Five Forces Analysis

CHAPTER 4. Global Autonomous Vehicles Market Size and Forecast (2018 – 2024)

4.1. Global Autonomous Vehicles Market, By Type

4.1.1. Partially Autonomous Vehicles

4.1.2. Fully Autonomous Vehicles

4.2. Global Autonomous Vehicles Market, By Propulsion

4.2.1. HEV

4.2.2. PHEV

4.2.3. BEV

4.2.4. FCEV

4.2.5. ICE

4.3. Global Autonomous Vehicles Market, By Application

4.3.1. Privately Owned

4.3.2. Commercial

4.3.3. Business Owned

4.4. Global Autonomous Vehicles Market, By Level

4.4.1. Level 1

4.4.2. Level 2

4.4.3. Level 3

4.4.4. Level 4

4.4.5. Level 5

4.5. Global Autonomous Vehicles Market, By Vehicle Type

4.5.1. Car

4.5.2. Truck

4.5.3. Bike

4.6. Global Autonomous Vehicles Market, By Component Type

4.6.1. Artificial Intelligence (AI)

4.6.2. Camera

4.6.3. LiDar

4.6.4. Radar

4.6.5. Ultrasonic Sensor

CHAPTER 5. Global Autonomous Vehicles Market, By Region

5.1. North America Autonomous Vehicles Market (USD Million/Thousand Units)

5.1.1. North America Autonomous Vehicles Market, By Type (USD Million/Thousand Units)

5.1.2. North America Autonomous Vehicles Market, By Propulsion (USD Million/Thousand Units)

5.1.3. North America Autonomous Vehicles Market, By Application (USD Million/Thousand Units)

5.1.4. North America Autonomous Vehicles Market, By Level (USD Million/Thousand Units)

5.1.5. North America Autonomous Vehicles Market, By Vehicle Type (USD Million/Thousand Units)

5.1.6. North America Autonomous Vehicles Market, By Component Type (USD Million/Thousand Units)

5.1.7. North America Autonomous Vehicles Market, By Country

   5.1.7.1. U.S. Autonomous Vehicles Market (USD Million/Thousand Units)

   5.1.7.2. Canada Autonomous Vehicles Market (USD Million/Thousand Units)

   5.1.7.3. Mexico Autonomous Vehicles Market (USD Million/Thousand Units)

5.2. Europe Autonomous Vehicles Market (USD Million/Thousand Units)

5.2.1. Europe Autonomous Vehicles Market, By Type (USD Million/Thousand Units)

5.2.2. Europe Autonomous Vehicles Market, By Propulsion (USD Million/Thousand Units)

5.2.3. Europe Autonomous Vehicles Market, By Application (USD Million/Thousand Units)

5.2.4. Europe Autonomous Vehicles Market, By Level (USD Million/Thousand Units)

5.2.5. Europe Autonomous Vehicles Market, By Vehicle Type (USD Million/Thousand Units)

5.2.6. Europe Autonomous Vehicles Market, By Component Type (USD Million/Thousand Units)

5.2.7. Europe Autonomous Vehicles Market, By Country

   5.2.7.1. U.K Autonomous Vehicles Market (USD Million/Thousand Units)

   5.2.7.2. Germany Autonomous Vehicles Market (USD Million/Thousand Units)

   5.2.7.3. Russia Autonomous Vehicles Market (USD Million/Thousand Units)

   5.2.7.4. France Autonomous Vehicles Market (USD Million/Thousand Units)

   5.2.7.5. Rest of Europe Autonomous Vehicles Market (USD Million/Thousand Units)

5.3. Asia-Pacific Autonomous Vehicles Market (USD Million/Thousand Units)

5.3.1. Asia-Pacific Autonomous Vehicles Market, By Type (USD Million/Thousand Units)

5.3.2. Asia-Pacific Autonomous Vehicles Market, By Propulsion (USD Million/Thousand Units)

5.3.3. Asia-Pacific Autonomous Vehicles Market, By Application (USD Million/Thousand Units)

5.3.4. Asia-Pacific Autonomous Vehicles Market, By Level (USD Million/Thousand Units)

5.3.5. Asia-Pacific Autonomous Vehicles Market, By Vehicle Type (USD Million/Thousand Units)

5.3.6. Asia-Pacific Autonomous Vehicles Market, By Component Type (USD Million/Thousand Units)

5.3.7. Asia-Pacific Autonomous Vehicles Market, By Country

   5.3.7.1. China Autonomous Vehicles Market (USD Million/Thousand Units)

   5.3.7.2. Japan Autonomous Vehicles Market (USD Million/Thousand Units)

   5.3.7.3. India Autonomous Vehicles Market (USD Million/Thousand Units)

   5.3.7.4. Australia Autonomous Vehicles Market (USD Million/Thousand Units)

   5.3.7.5. Rest of Asia-Pacific Autonomous Vehicles Market (USD Million/Thousand Units)

5.4. Rest of the World (ROW) Autonomous Vehicles Market (USD Million/Thousand Units)

5.4.1. Rest of the World (ROW) Autonomous Vehicles Market, By Type (USD Million/Thousand Units)

5.4.2. Rest of the World (ROW) Autonomous Vehicles Market, By Propulsion (USD Million/Thousand Units)

5.4.3. Rest of the World (ROW) Autonomous Vehicles Market, By Application (USD Million/Thousand Units)

5.4.4. Rest of the World (ROW) Autonomous Vehicles Market, By Country

   5.4.4.1. U.A.E. Autonomous Vehicles Market (USD Million/Thousand Units)

   5.4.4.2. Saudi Arabia Autonomous Vehicles Market (USD Million/Thousand Units)

   5.4.4.3. Rest of ROW Autonomous Vehicles Market (USD Million/Thousand Units)

CHAPTER 6. Key Players and Strategic Developments

6.1. Tesla

6.1.1. Business Overview

6.1.2. Product and Service Offering

6.1.3. Financial Overview

6.1.4. Strategic Developments

6.2. BMW AG

6.2.1. Business Overview

6.2.2. Product and Service Offering

6.2.3. Financial Overview

6.2.4. Strategic Developments

6.3. General Motors

6.3.1. Business Overview

6.3.2. Product and Service Offering

6.3.3. Financial Overview

6.3.4. Strategic Developments

6.4. Ford Motor Company

6.4.1. Business Overview

6.4.2. Product and Service Offering

6.4.3. Financial Overview

6.4.4. Strategic Developments

6.5. Daimler AG

6.5.1. Business Overview

6.5.2. Product and Service Offering

6.5.3. Financial Overview

6.5.4. Strategic Developments

6.6. Lyft

6.6.1. Business Overview

6.6.2. Product and Service Offering

6.6.3. Financial Overview

6.6.4. Strategic Developments

6.7. Argo AI LLC

6.7.1. Business Overview

6.7.2. Product and Service Offering

6.7.3. Financial Overview

6.7.4. Strategic Developments

6.8. Waymo

6.8.1. Business Overview

6.8.2. Product and Service Offering

6.8.3. Financial Overview

6.8.4. Strategic Developments

6.9. Texas Instruments Incorporated

6.9.1. Business Overview

6.9.2. Product and Service Offering

6.9.3. Financial Overview

6.9.4. Strategic Developments

6.10. Intel Corporation

6.10.1. Business Overview

6.10.2. Product and Service Offering

6.10.3. Financial Overview

6.10.4. Strategic Developments

Global Autonomous Vehicles Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation and Forecast 2024