The global Autonomous Car market gathered revenue around USD 22.90 billion in 2021 and market is set to grow USD 206.98 billion by the end of 2031 and is estimated to expand at a modest CAGR of 22.52% during the prediction period 2022 to 2031.
The rapid spread of the pandemic prompted major manufacturing facilities to shut down, which hampered vehicle production processes. Moreover, disruption of transportation channels and supply chain led to the shortage of supply of raw materials, which is required for vehicle manufacturing & integration of technology in vehicles. This is likely to hinder the autonomous car market. Nevertheless, the automotive industry is likely to witness steady expansion driven by the increase in demand for autonomous cars and better resolution of supply chain issues in various countries. Several multinational companies (MNCs) have already started re-evaluating their supply chains and are in the process of shuffling their supply chains to reduce concentration in a handful of countries.
Report Scope of the Autonomous Car Market
Report Coverage |
Details |
Market Size |
US$ 206.98 Billion by 2031 |
Growth Rate |
CAGR of 22.52% from 2022 to 2031 |
Largest Market |
Asia Pacific |
Fastest Growing Market |
North America |
Base Year |
2021 |
Forecast Period |
2022 to 2031 |
Segments Covered |
System, Component, Car Type, Level of Autonomy, Propulsion and Region, |
Companies Mentioned |
General Motors, Ford Motor Company, Daimler AG, Volkswagen AG, Toyota Motors, Waymo LLC, Autoliv Inc., Robert Bosch GmbH, AB Volvo, Ficosa Internacional SA, Gentex Corporation, HARMAN International, SEIKI Co., Ltd., Valeo, HYUNDAI MOBIS, ZF Friedrichshafen AG, HELLA KGaA Hueck & Co.Texas Instruments Inc., Mobileye, Visteon Corporation |
High Cost & Need for Infrastructure Hampers Growth of Autonomous Car Market
Autonomous cars require developed infrastructure, including lane marking on roads, proper road infrastructure, and Internet connectivity. The lack of proper infrastructure across major countries is likely to pose a challenge for stakeholders in the autonomous car market. Cost of autonomous cars is considerably high, as compared to other type of cars, which is also estimated to hamper market growth. Hence, automotive giants should target their advertising and marketing strategies toward high-income groups in developed and developing economies to increase car sales. Comprehensive demo and test drive of cars plays a crucial role for increasing autonomous car sales.
Autonomous Car Market: Overview
Growing vehicle electrification across the globe is prompting vehicle manufacturers to develop autonomous cars, which is likely to propel the autonomous car market
Increase in demand for comfort & safety of passengers and driver in the vehicle is expected to boost the global autonomous car market. Governments across the globe have mandated the advanced safety features in vehicle, including lane departure warning system, blind spot detection system, and parking assist system, which is likely to propel the autonomous car market during the forecast period.
Drivers of Autonomous Car Market
Challenges for Autonomous Car Market
Autonomous Car Market Segmentation
Autonomous Car Market: Regional Analysis
Some of the prominent players in the Autonomous Car Market include:
Segments Covered in the Report
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Key Points Covered in Autonomous Car Market Study:
1. Executive Summary: Global Autonomous Car Market
1.1. Global Autonomous Car Market Volume (Units) Value (US$ Mn), 2017?2031
2. Market Overview
2.1. Introduction
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Opportunity
2.3. Market Factor Analysis
2.3.1. Porter’s Five Force Analysis
2.3.2. Value Chain Analysis
2.3.2.1. List of Key Manufacturers
2.3.2.2. List of Customers
2.3.2.3. Level of Integration
2.3.3. SWOT Analysis
2.4. Regulatory Scenario
2.5. Key Industry Development
2.6. Key Industry Trends
2.7. COVID-19 Impact Analysis
3. Global Autonomous Car Market Analysis and Forecast, by System
3.1. Definition
3.2. Market Snapshot
3.3. Global Autonomous Car Market Value (US$ Mn) Forecast, by System, 2017?2031
3.3.1. Adaptive Cruise Control
3.3.2. Lane Departure Warning
3.3.3. Tire Pressure Monitoring System
3.3.4. Blind Spot Detection
3.3.5. Adaptive Front Light System
3.3.6. Night Vision System
3.3.7. Park Assist System
3.3.8. Automatic Emergency Braking
3.3.9. Forward Collision System
3.3.10. Pedestrian Detection System
3.3.11. Others
4. Global Autonomous Car Market Analysis and Forecast, by Component
4.1. Definition
4.2. Market Snapshot
4.3. Global Autonomous Car Market Value (US$ Mn) Forecast, by Component Type, 2017?2031
4.3.1. LiDAR
4.3.2. RADAR
4.3.3. Camera
4.3.4. Sensor
4.3.5. Others
5. Global Autonomous Car Market Analysis and Forecast, by Car Type
5.1. Definition
5.2. Market Snapshot
5.3. Global Autonomous Car Market Value (US$ Mn) Forecast, by Car Type, 2017?2031
5.3.1. Hatchback
5.3.2. Sedan
5.3.3. Utility Vehicles
6. Global Autonomous Car Market Analysis and Forecast, by Level of Autonomy
6.1. Definition
6.2. Market Snapshot
6.3. Global Autonomous Car Market Value (US$ Mn) Forecast, by Level of Autonomy, 2017?2031
6.3.1. Level-1
6.3.2. Level-2
6.3.3. Level-3
6.3.4. Level-4
6.3.5. Level-5
7. Global Autonomous Car Market Analysis and Forecast, by Propulsion Type
7.1. Definition
7.2. Market Snapshot
7.3. Global Autonomous Car Market Value (US$ Mn) Forecast, by Propulsion Type, 2017?2031
7.3.1. IC Engine
7.3.1.1. Gasoline
7.3.1.2. Diesel
7.3.2. Electric
7.3.2.1. Battery Electric
7.3.2.2. Hybrid Electric
7.3.2.3. Plug-in Hybrid Electric
8. Global Autonomous Car Market Analysis and Forecast, by Region
8.1. Market Snapshot
8.2. Global Autonomous Car Market Value (US$ Mn) Forecast, by Region, 2017?2031
8.2.1. North America
8.2.2. Europe
8.2.3. Asia Pacific
8.2.4. Middle East & Africa
8.2.5. South America
9. North America Autonomous Car Market Value (US$ Mn) Forecast, 2017?2031
9.1. Market Snapshot
9.2. North America Autonomous Car Market Value (US$ Mn) Forecast, by System
9.2.1. Adaptive Cruise Control
9.2.2. Lane Departure Warning
9.2.3. Tire Pressure Monitoring System
9.2.4. Blind Spot Detection
9.2.5. Adaptive Front Light System
9.2.6. Night Vision System
9.2.7. Park Assist System
9.2.8. Automatic Emergency Braking
9.2.9. Forward Collision System
9.2.10. Pedestrian Detection System
9.2.11. Others
9.3. North America Autonomous Car Market Value (US$ Mn) Forecast, by Component
9.3.1. LiDAR
9.3.2. RADAR
9.3.3. Camera
9.3.4. Sensor
9.3.5. Others
9.4. North America Autonomous Car Market Value (US$ Mn) Forecast, by Car Type
9.4.1. Hatchback
9.4.2. Sedan
9.4.3. Utility Vehicles
9.5. North America Autonomous Car Market Value (US$ Mn) Forecast, by Level of Autonomy
9.5.1. Level-1
9.5.2. Level-2
9.5.3. Level-3
9.5.4. Level-4
9.5.5. Level-5
9.6. North America Autonomous Car Market Value (US$ Mn) Forecast, by Propulsion Type
9.6.1. IC Engine
9.6.1.1. Gasoline
9.6.1.2. Diesel
9.6.2. Electric
9.6.2.1. Battery Electric
9.6.2.2. Hybrid Electric
9.6.2.3. Plug-in Hybrid Electric
9.7. North America Autonomous Car Market Value (US$ Mn) Forecast, by Country
9.7.1. U.S.
9.7.2. Canada
9.7.3. Mexico
10. Europe Autonomous Car Market Value (US$ Mn) Forecast, 2017?2031
10.1. Market Snapshot
10.2. Europe Autonomous Car Market Value (US$ Mn) Forecast, By System
10.2.1. Adaptive Cruise Control
10.2.2. Lane Departure Warning
10.2.3. Tire Pressure Monitoring System
10.2.4. Blind Spot Detection
10.2.5. Adaptive Front Light System
10.2.6. Night Vision System
10.2.7. Park Assist System
10.2.8. Automatic Emergency Braking
10.2.9. Forward Collision System
10.2.10. Pedestrian Detection System
10.2.11. Others
10.3. Europe Autonomous Car Market Value (US$ Mn) Forecast, By Component
10.3.1. LiDAR
10.3.2. RADAR
10.3.3. Camera
10.3.4. Sensor
10.3.5. Others
10.4. Europe Autonomous Car Market Value (US$ Mn) Forecast, By Car Type
10.4.1. Hatchback
10.4.2. Sedan
10.4.3. Utility Vehicles
10.5. Europe Autonomous Car Market Value (US$ Mn) Forecast, By Level of Autonomy
10.5.1. Level-1
10.5.2. Level-2
10.5.3. Level-3
10.5.4. Level-4
10.5.5. Level-5
10.6. Europe Autonomous Car Market Value (US$ Mn) Forecast, By Propulsion Type
10.6.1. IC Engine
10.6.1.1. Gasoline
10.6.1.2. Diesel
10.6.2. Electric
10.6.2.1. Battery Electric
10.6.2.2. Hybrid Electric
10.6.2.3. Plug-in Hybrid Electric
10.7. Europe Autonomous Car Market Value (US$ Mn) Forecast, by Country and Sub-region
10.7.1. Germany
10.7.2. U.K.
10.7.3. France
10.7.4. Italy
10.7.5. Spain
10.7.6. Nordic Countries
10.7.7. Russia & CIS
10.7.8. Rest of Europe
11. Asia Pacific Autonomous Car Market Value (US$ Mn) Forecast, 2017?2031
11.1. Market Snapshot
11.2. Asia Pacific Autonomous Car Market Value (US$ Mn) Forecast, By System
11.2.1. Adaptive Cruise Control
11.2.2. Lane Departure Warning
11.2.3. Tire Pressure Monitoring System
11.2.4. Blind Spot Detection
11.2.5. Adaptive Front Light System
11.2.6. Night Vision System
11.2.7. Park Assist System
11.2.8. Automatic Emergency Braking
11.2.9. Forward Collision System
11.2.10. Pedestrian Detection System
11.2.11. Others
11.3. Asia Pacific Autonomous Car Market Value (US$ Mn) Forecast, By Component
11.3.1. LiDAR
11.3.2. RADAR
11.3.3. Camera
11.3.4. Sensor
11.3.5. Others
11.4. Asia Pacific Autonomous Car Market Value (US$ Mn) Forecast, By Car Type
11.4.1. Hatchback
11.4.2. Sedan
11.4.3. Utility Vehicles
11.5. Asia Pacific Autonomous Car Market Value (US$ Mn) Forecast, By Level of Autonomy
11.5.1. Level-1
11.5.2. Level-2
11.5.3. Level-3
11.5.4. Level-4
11.5.5. Level-5
11.6. Asia Pacific Autonomous Car Market Value (US$ Mn) Forecast, By Propulsion Type
11.6.1. IC Engine
11.6.1.1. Gasoline
11.6.1.2. Diesel
11.6.2. Electric
11.6.2.1. Battery Electric
11.6.2.2. Hybrid Electric
11.6.2.3. Plug-in Hybrid Electric
11.7. Asia Pacific Autonomous Car Market Value (US$ Mn) Forecast, by Country and Sub-region
11.7.1. China
11.7.2. India
11.7.3. ASEAN
11.7.4. ANZ
11.7.5. Rest of Asia Pacific
12. Middle East & Africa Autonomous Car Market Value (US$ Mn) Forecast, 2017?2031
12.1. Market Snapshot
12.2. Middle East & Africa Autonomous Car Market Value (US$ Mn) Forecast, By System
12.2.1. Adaptive Cruise Control
12.2.2. Lane Departure Warning
12.2.3. Tire Pressure Monitoring System
12.2.4. Blind Spot Detection
12.2.5. Adaptive Front Light System
12.2.6. Night Vision System
12.2.7. Park Assist System
12.2.8. Automatic Emergency Braking
12.2.9. Forward Collision System
12.2.10. Pedestrian Detection System
12.2.11. Others
12.3. Middle East & Africa Autonomous Car Market Value (US$ Mn) Forecast, By Component
12.3.1. LiDAR
12.3.2. RADAR
12.3.3. Camera
12.3.4. Sensor
12.3.5. Others
12.4. Middle East & Africa Autonomous Car Market Value (US$ Mn) Forecast, By Car Type
12.4.1. Hatchback
12.4.2. Sedan
12.4.3. Utility Vehicles
12.5. Middle East & Africa Autonomous Car Market Value (US$ Mn) Forecast, By Level of Autonomy
12.5.1. Level-1
12.5.2. Level-2
12.5.3. Level-3
12.5.4. Level-4
12.5.5. Level-5
12.6. Middle East & Africa Autonomous Car Market Value (US$ Mn) Forecast, By Propulsion Type
12.6.1. IC Engine
12.6.1.1. Gasoline
12.6.1.2. Diesel
12.6.2. Electric
12.6.2.1. Battery Electric
12.6.2.2. Hybrid Electric
12.6.2.3. Plug-in Hybrid Electric
12.7. Middle East & Africa Autonomous Car Market Value (US$ Mn) Forecast, by Country and Sub-region
12.7.1. GCC
12.7.2. Turkey
12.7.3. South Africa
12.7.4. Rest of Middle East & Africa
13. South America Autonomous Car Market Value (US$ Mn) Forecast, 2017?2031
13.1. Market Snapshot
13.2. South America Autonomous Car Market Value (US$ Mn) Forecast, By System
13.2.1. Adaptive Cruise Control
13.2.2. Lane Departure Warning
13.2.3. Tire Pressure Monitoring System
13.2.4. Blind Spot Detection
13.2.5. Adaptive Front Light System
13.2.6. Night Vision System
13.2.7. Park Assist System
13.2.8. Automatic Emergency Braking
13.2.9. Forward Collision System
13.2.10. Pedestrian Detection System
13.2.11. Others
13.3. South America Autonomous Car Market Value (US$ Mn) Forecast, By Component
13.3.1. LiDAR
13.3.2. RADAR
13.3.3. Camera
13.3.4. Sensor
13.3.5. Others
13.4. South America Autonomous Car Market Value (US$ Mn) Forecast, By Car Type
13.4.1. Hatchback
13.4.2. Sedan
13.4.3. Utility Vehicles
13.5. South America Autonomous Car Market Value (US$ Mn) Forecast, By Level of Autonomy
13.5.1. Level-1
13.5.2. Level-2
13.5.3. Level-3
13.5.4. Level-4
13.5.5. Level-5
13.6. South America Autonomous Car Market Value (US$ Mn) Forecast, By Propulsion Type
13.6.1. IC Engine
13.6.1.1. Gasoline
13.6.1.2. Diesel
13.6.2. Electric
13.6.2.1. Battery Electric
13.6.2.2. Hybrid Electric
13.6.2.3. Plug-in Hybrid Electric
13.7. South America Autonomous Car Market Value (US$ Mn) Forecast, by Country and Sub-region
13.7.1. Brazil
13.7.2. Argentina
13.7.3. Rest of South America
14. Competition Landscape
14.1. Market Analysis By Company (2020)
14.2. Market Player – Competition Matrix (By Tier and Size of companies)
14.3. Key Market Players (Details – Overview, Recent Developments, Strategy)
14.3.1. General Motors
14.3.1.1. Overview
14.3.1.2. Recent Developments
14.3.1.3. Strategy
14.3.2. Ford Motor
14.3.2.1. Overview
14.3.2.2. Recent Developments
14.3.2.3. Strategy
14.3.3. Daimler AG
14.3.3.1. Overview
14.3.3.2. Recent Developments
14.3.3.3. Strategy
14.3.4. Volkswagen
14.3.4.1. Overview
14.3.4.2. Recent Developments
14.3.4.3. Strategy
14.3.5. Toyota Motors
14.3.5.1. Overview
14.3.5.2. Recent Developments
14.3.5.3. Strategy
14.3.6. Waymo LLC
14.3.6.1. Overview
14.3.6.2. Recent Developments
14.3.6.3. Strategy
14.3.7. Autoliv Inc.
14.3.7.1. Overview
14.3.7.2. Recent Developments
14.3.7.3. Strategy
14.3.8. Robert Bosch GmbH
14.3.8.1. Overview
14.3.8.2. Recent Developments
14.3.8.3. Strategy
14.3.9. AB Volvo
14.3.9.1. Overview
14.3.9.2. Recent Developments
14.3.9.3. Strategy
14.3.10. Ficosa Internacional SA
14.3.10.1. Overview
14.3.10.2. Recent Developments
14.3.10.3. Strategy
14.3.11. Gentex Corporation
14.3.11.1. Overview
14.3.11.2. Recent Developments
14.3.11.3. Strategy
14.3.12. HARMAN International
14.3.12.1. Overview
14.3.12.2. Recent Developments
14.3.12.3. Strategy
14.3.13. AISIN SEIKI Co., Ltd.
14.3.13.1. Overview
14.3.13.2. Recent Developments
14.3.13.3. Strategy
14.3.14. Valeo
14.3.14.1. Overview
14.3.14.2. Recent Developments
14.3.14.3. Strategy
14.3.15. HYUNDAI MOBIS
14.3.15.1. Overview
14.3.15.2. Recent Developments
14.3.15.3. Strategy
14.3.16. ZF Friedrichshafen AG
14.3.16.1. Overview
14.3.16.2. Recent Developments
14.3.16.3. Strategy
14.3.17. HELLA KGaA Hueck & Co.
14.3.17.1. Overview
14.3.17.2. Recent Developments
14.3.17.3. Strategy
14.3.18. Texas Instruments Inc.
14.3.18.1. Overview
14.3.18.2. Recent Developments
14.3.18.3. Strategy
14.3.19. Mobileye
14.3.19.1. Overview
14.3.19.2. Recent Developments
14.3.19.3. Strategy
14.3.20. Visteon Corporation
14.3.20.1. Overview
14.3.20.2. Recent Developments
14.3.20.3. Strategy