Global Semi-Autonomous and Autonomous Vehicle Market– Industry Trends and Forecast to 2030 Market, By Component (Camera, LiDAR, Radar, Ultrasonic Sensor, Others), ADAS Features (Lane Assist, Crash Warning System, Adaptive Cruise Control, Smart Park Assist, Cross Traffic Alert, Automatic Emergency Braking, Others), Automation Level (Level 1, Level 2, Level 3), Propulsion (ICE, Electric), Application (Transportation, Logistics Military and Defence) – Industry Trends and Forecast to 2030.
Semi-Autonomous and Autonomous Vehicle Market Analysis and Size
The increasing need for more efficient and safer driving systems promotes the growth of the semi-autonomous and autonomous vehicle. Numerous technological advancements have aided in fostering a favorable market growth environment. Wireless Local Area Network (WLAN), GPS, 5G delivery model, and vehicle-to-vehicle technology have improved the driving experience. Also, numerous regional governments have placed stringent laws regarding driving and safety further encouraging the companies to offer advanced technologies in their automobiles.
Data Bridge Market Research analyses that the semi-autonomous and autonomous vehicle market was valued at USD 2056.11 million in 2022 and is expected to reach USD 2770.93 million by 2030, registering a CAGR of 3.80% during the forecast period of 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Semi-Autonomous and Autonomous Vehicle Market Scope and Segmentation
2023 to 2030
2021 (Customizable to 2015 - 2020)
Revenue in USD million, Volumes in Units, Pricing in USD
Component (Camera, LiDAR, Radar, Ultrasonic Sensor, Others), ADAS Features (Lane Assist, Crash Warning System, Adaptive Cruise Control, Smart Park Assist, Cross Traffic Alert, Automatic Emergency Braking, Others), Automation Level (Level 1, Level 2, Level 3), Propulsion (ICE, Electric), Application (Transportation, Logistics Military and Defence)
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Market Players Covered
Mercedes-Benz Group AG (Germany), Continental AG (Germany), Valeo (France), ZF Friedrichshafen AG (Germany), Tesla (U.S.), Magna International Inc, (Canada), Waymo LLC (U.S.), BMW (Germany), Texas Instruments Incorporated. (U.S.), General Motors (U.S.), Audi AG (Germany), NXP Semiconductor (Netherlands), Ford Motor Company (U.S.), Volkswagen (Germany), Toyota Kirloskar Motor (India). DENSO Corporation (Japan), Robert Bosch GmbH (Germany), Infineon Technologies AG (Germany), AB Volvo (Sweden), Renesas Electronics Corporation (Japan), Visteon Corporation (U.S.)
A semi-autonomous and autonomous vehicle are those vehicles which can decelerate and accelerate and can stop without any human interference. Semi-autonomous and autonomous vehicles may be capable to park themselves and may be capable to keep in lane without any human intervention, but they are not self-driving. In most cases, in these vehicles, drivers must always keep their hands on the wheel.
Semi-Autonomous and Autonomous Vehicle Market Dynamics
- Increasing demand of semi-autonomous and autonomous vehicle safety and security purposes
The upsurge in concern regarding the safety and security of people have boosted the demand for the semi-autonomous and autonomous vehicle among consumers. The semi-autonomous and autonomous vehicles have many features such as engine productivity, improved fuel efficiency and minimal vehicle accidents. These are some potential benefits expected to increase the demand of these vehicles and drive the market's growth.
- Reduced fuel consumption
Semi-autonomous and autonomous vehicles are highly fuel-efficient vehicles because these vehicles can accelerate and decelerate more proficiently than a human driver, decreasing fuel consumption. As a result fuel efficient property, increase the demand of semi-autonomous and autonomous vehicle which are expected to upsurge the revenue growth of the market, Furthermore, observable profits such as less carbon monoxide emissions and to reductions in fuel use will contribute to the sustainability and environmental goals.
- Technological advancement
The surging technological advancement of semi-autonomous and autonomous vehicles has augmented the integration with related technologies, thus growing efficiency by reducing the human error. Semi-autonomous and autonomous vehicles can upsurge the efficiency of vehicles because they would deliver updates, connected vehicles and real-time traffic improved driving assistance systems. Semi-autonomous and autonomous vehicles also deliver the ability to indulge in smart driving, which aid in changing the routes accordingly. These are some of the major factors expected to create immense opportunity for the market's growth.
- Integration of new technologies
Major manufacturers of vehicles are trying to create driverless vehicles by integrating cutting-edge technologies such as Internet of Things and artificial intelligence. The increasing demand to integrate new technologies in automobiles is generally driven by government programs to increase safety and security of consumer. Moreover, the integration of AI-based cameras is growing product demand among consumers and contributing to the expansion of the market. The market for semi-autonomous and autonomous vehicles is expanding owing to a rise in the adoption of cutting-edge technologies and create ample opportunities for the market growth.
- Lack of knowledge
The lack of information technology and the technical knowledge regarding the advanced features of expected to restrain semi-autonomous and autonomous vehicles among consumers the other major factors expected to restrain the market growth.
- High cost of vehicle
The semi-autonomous and autonomous vehicles have high costs due to communication infrastructure and advanced technology in developing countries, which might obstruct the market size during forecast period.
This semi-autonomous and autonomous vehicle market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the semi-autonomous and autonomous vehicle market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Semi-Autonomous and Autonomous Vehicle Market Scope
The semi-autonomous and autonomous vehicle market is segmented on the basis of component, ADAS features, automation level, propulsion and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Lane Assist
- Crash Warning System
- Adaptive Cruise Control
- Smart Park Assist
- Cross Traffic Alert
- Automatic Emergency Braking
- Level 1
- Level 2
- Level 3
- Logistics Military and Defence
Semi-Autonomous and Autonomous Vehicle Market Regional Analysis/Insights
The semi-autonomous and autonomous vehicle market is analyzed and market size insights and trends are provided by country, component, ADAS features, automation level, propulsion and application as referenced above.
The countries covered in the semi-autonomous and autonomous vehicle market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Russia, Turkey, Belgium, Rest of Europe, Japan, China, South Korea, India, Australia & New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Israel, U.A.E., Saudi Arabia, Egypt, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America.
North America dominates the semi-autonomous and autonomous vehicle market in terms of market revenue and will continue to flourish its governance during the forecast period. This is owing to the growing demand for safer and fuel-efficient vehicles in this region. The increase in various issues concerning vehicle safety and rapid rise in the sales of automobiles will likely to boost the market growth rate.
Asia-pacific is expected to be the fastest developing regions during the forecast period of 2023-2030 due to the growing investment on global technology innovators. Moreover, high production and sales of luxury vehicles and the technological advancement will likely to drive the market growth rate.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Semi-Autonomous and Autonomous Vehicle Market Share Analysis
The semi-autonomous and autonomous vehicle market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to semi-autonomous and autonomous vehicle market.
Some of the major players operating in the semi-autonomous and autonomous vehicle market are:
- Mercedes-Benz Group AG (Germany)
- Continental AG (Germany)
- Valeo (France)
- ZF Friedrichshafen AG (Germany)
- Tesla (U.S.)
- Magna International Inc, (Canada)
- Waymo LLC (U.S.)
- BMW (Germany),
- Texas Instruments Incorporated. (U.S.)
- General Motors (U.S.)
- Audi AG (Germany)
- NXP Semiconductor (Netherlands)
- Ford Motor Company (U.S.)
- Volkswagen (Germany)
- Toyota Kirloskar Motor (India)
- DENSO Corporation (Japan)
- Robert Bosch GmbH (Germany)
- Infineon Technologies AG (Germany)
- AB Volvo (Sweden)
- Renesas Electronics Corporation (Japan)
- Visteon Corporation (U.S.)