Semi-Autonomous Vehicle Market Size, Share & Trends Analysis Report By Level of Automation (Level 1, Level 2, Level 3), By Vehicle Type (Passenger Car, Commercial Vehicle)- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2022-2030

The global Semi-Autonomous Vehicle market gathered revenue around at 15.06 Million units in 2021 and market is set to grow 62.1 Million units by the end of 2030 and is estimated to expand at a modest CAGR of 21.7% during the prediction period 2022 to 2030.

Growth Factors:

 The rising need for safer and more efficient driving systems promotes the development and adoption of semi-autonomous vehicles. Semi-autonomous offers better driving control and driver safety, thus offering promising growth opportunities. Moreover, several regional governments have placed stringent driving and safety laws further encouraging companies to offer these technologies in their automobiles.

Several technological advancements have helped to foster a conducive environment for the growth of the market. 5G delivery model, Wireless Local Area Network (WLAN), GPS, and vehicle-to-vehicle technology have improved the driving experience. This has improved fuel efficiency, thereby enabling companies to conform to their environmental sustainability goals and obey government rules and laws. Moreover, the ability to switch between manual automatic offers drivers to have better control over the vehicle.

Machine Learning (ML) algorithms within semi-automatic vehicles have further enhanced the efficiency and functionality of automobiles. ML has several use cases such as detection and classification of objects, driver monitoring, and deep-learning-based vision, which can be used in image processing and study objects to react to their environment readily. ML is used to classify objects using neural networks to distinguish between pedestrians, cars, lamp posts, animals, and cyclists. Determining the proximity of objects with their speed and direction also aids drivers in engaging in safe navigation and effective lane changing.

Internet of Things (IoT) offers promising growth opportunities to the semi-autonomous cars market. IoT aids in real-time decision-making and controlling vehicle operations to mitigate road accidents. IoT enables automotive manufacturers to offer automatic emergency detection, diagnostic data for drivers and manufacturers, and connected infrastructure. Furthermore, the ability to offer real-time insights about vehicle performance and driving conditions such as types of roads and weather conditions aids in better control and efficient navigation of vehicles during sharp turns and avoiding obstacles.

Report Coverage

Report Scope Details
Market Size USD 62.1 Million units by 2030
Growth Rate CAGR of 21.7% From 2022 to 2030
Base Year 2021
Forecast Period 2022 to 2030
Historic Data 2017 to 2021
Report coverage Growth Factors, Revenue Status, Competitive Landscape,  and Future Trends
Segments Covered Level of automation, vehicle type And Region
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Companies Mentioned Audi AG; BMW AG; Continental AG; Daimler AG (Mercedes Benz); Ford Motor Company; General Motors; Honda Motor Corporation; Nissan Motor Company; Toyota Motor Corporation; Volvo Car Corporation; Valeo S.A.; Volkswagen AG

Level of Automation Insights

The level 1 automation segment captured the highest volume share of the semi-autonomous vehicle market in 2020 and is anticipated to register a CAGR of 21.7% from 2021 to 2030. This can be accredited to the rising demand for automobile users to engage in assisted driving technologies. Level 1 automation in cars aids in increasing vehicle efficiency by offering an optimum level of manual control and easy maneuverability. Thus, the ability to offer a comfortable driving experience and enhanced efficiency drives wide-scale adoption of semi-autonomous vehicles.

Semi-autonomous vehicles are further segmented into level 2 and level 3 automation levels. Level 2 automation captured a significant share in 2020 owing to the ability to offer advanced driver assistance systems (ADAS). ADAS enables the vehicle to control both accelerating/decelerating, lane centering, adaptive cruise control. And steering functions, thus minimizing human effort and risks associated with human judgment. The rising demand for level 2 automation cars has promoted companies such as Tesla and Cadillac to offer level 2 automation in their cars-Tesla Autopilot and Cadillac Super Cruise systems, respectively.

Vehicle Type Insights

The passenger cars segment captured the highest volume share of 70.02% in 2021. The presence of a high number of passenger cars the rising need to enhance the driving experience promotes the adoption of semi-automated vehicles. Semi-autonomous technology enables drivers to navigate through traffic and maneuver sharp turns more effectively and safely, thereby ensuring lesser stress on the driver. Furthermore, features such as obstacle avoidance, connected features, and ADAS enable the driver to take their hands and feet of the steerings and pedals according to their convenience.

The commercial vehicle segment captured significant share in 2021 and is expected to witness a substantial CAGR over the forecast period. Commercial vehicles are usually used over long distances to move goods and products essential for other businesses. The safe movement of goods and the need to allow drivers to maintain their posture and health over long journeys offer wide-scale adoption of semi-autonomous vehicles. Furthermore, it also allows drivers to relax for stipulated time intervals over long journeys, thus improving their efficiency.

Regional Insights

North America dominated the global market in 2020 with a volume share of 31.9%. The high share can be attributed to the penetration of advanced technologies such as the Internet of Things (IoT) and Machine Learning (ML). The presence of a significant IoT market due to companies such as Google, Inc.; Cisco Systems, Inc.; and IBM Corporation creates a strong ecosystem for IoT-based applications, thus resulting in the growth of the market. Moreover, stringent government regulations and rising demand for safer and more fuel-efficient vehicles in the U.S. promote automakers to integrate these technologies and produce semi-autonomous vehicles.

Europe captured a volume share of 29.6% in 2021 and is expected to witness substantial growth over the forecast period. A significant automotive industry in countries such as Germany, France, the U.K., and Italy has resulted in the growth of the market. Favorable regulatory mandates regarding the deployment of the 5G delivery system offers growth opportunities to the market, owing to enhanced data transfer capability. The EU has also laid down plans to deploy truck platooning practices, which helps in linking multiple trucks in convoy, thus offering promising growth prospects for semi-autonomous commercial vehicles.

Key Companies & Market Share Insights

Significant companies in the market have started partnering with other companies to improve business operations and enter new markets. This has resulted in increased revenue generation and opened up new business opportunities for technology suppliers. For instance, in August 2021, Audi AG announced a new partnership with FAW to expand fully electric and autonomous cars in China. In October 2021, Daimler AG announced a global strategic agreement with Waymo to advance the technology movement of autonomous vehicles.

Companies have also been engaging in M&A activities to improve revenue share and increase market penetration. For instance, in February 2020, Continental Ag acquired Rosenheim-based antenna and satellite technology manufacturer Kathrein Automotive GmbH to foster Continental AG’s vehicle antenna technology. Companies have also started increasing R&D activities to improve automotive technology and offer a more comfortable and safer environment. For instance, in November 2020, BMW AG opened a new R&D center with FIZ Projekthaus Nord, intending to expand its R&D network for future cars. Some of the prominent players operating in the semi-autonomous vehicle market are:

 

  • Audi AG
  • BMW AG
  • Continental AG
  • Daimler AG (Mercedes Benz)
  • Ford Motor Company
  • General Motors
  • Honda Motor Corporation
  • Nissan Motor Company
  • Toyota Motor Corporation
  • Volvo Car Corporation
  • Valeo S.A.
  • Volkswagen AG

Unravelling the Critical Segments

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:

  • By Level of Automation Type
    • Level 1
    • Level 2
    • Level 3
  • By Vehicle Type
    • Passenger Car
    • Commercial Vehicle

By Geography

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • United Kingdom
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Rest of Latin America

Middle East & Africa (MEA)

  • GCC
  • North Africa
  • South Africa
  • Rest of Middle East & Africa

Highlights of the Report:

  • Market Penetration: Comprehensive information on the product portfolios of the top players in the market.
  • Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market
  • Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
  • Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market

Research Methodology

In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Semi-Autonomous Vehicle market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.

Secondary resources referred to by analysts during the production of the Semi-Autonomous Vehicle market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.

Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Semi-Autonomous Vehicle markets more accurate and reliable.

Secondary Research

It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire based research etc.
  • In order to validate our research findings and analysis we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

Industry participants involved in this research study include:

  • CEOs, VPs, market intelligence managers
  • Procuring and national sales managers technical personnel, distributors and resellers
  • Research analysts and key opinion leaders from various domains

Key Points Covered in Semi-Autonomous Vehicle market Study:

  • Growth of Semi-Autonomous Vehicle in 2022
  • Market Estimates and Forecasts (2017-2021)
  •  Brand Share and Market Share Analysis
  •  Key Drivers and Restraints Shaping Market Growth
  •  Segment-wise, Country-wise, and Region-wise Analysis
  •  Competition Mapping and Benchmarking
  •  Recommendation on Key Winning Strategies
  •  COVID-19 Impact on Demand for Semi-Autonomous Vehicle and How to Navigate
  •  Key Product Innovations and Regulatory Climate
  •  Semi-Autonomous Vehicle Consumption Analysis
  •  Semi-Autonomous Vehicle Production Analysis
  •  Semi-Autonomous Vehicle and Management

Chapter 1 Methodology and Scope
                   1.1 Research Methodology
                   1.2 Research Scope and Assumptions
                   1.3 List to Data Sources
Chapter 2 Executive Summary
                   2.1 Semi-Autonomous Vehicle Market - Industry Snapshot & Key Buying Criteria, 2017 - 2030
Chapter 3 Market Variables, Trends, and Scope
                   3.1 Market Segmentation
                   3.2 Market Size & Growth Prospects
                   3.3 Penetration & Growth Prospect Mapping
                   3.4 Industry Value Chain Analysis
                   3.5 Market Dynamics
                       3.5.1 Market driver analysis
                           3.5.1.1 Growth in high-end connected vehicle technology and mobility application
                           3.5.1.2 Increasing need for safe and secure driving options
                           3.5.1.3 Improved engine productivity and fuel efficiency
                       3.5.2 Market restraint analysis
                           3.5.2.1 Vehicle safety and cybersecurity threat
                   3.6 Business Environmental Analysis Tools
                       3.6.1 Porter’s five forces analysis
                       3.6.2 PEST analysis
Chapter 4 Level of Automation Type Estimates and Trend Analysis
                   4.1 Market Size Estimates & Forecasts and Trend Analysis, 2017 - 2030  
                   4.2 Level of Automation Movement Analysis & Market Share, 2020 & 2030
                   4.3 Level 1
                       4.3.1 Market size estimates and forecasts by region, 2017 - 2030  
                   4.4 Level 2
                       4.4.1 Market size estimates and forecasts by region, 2017 - 2030  
                   4.5 Level 3
                       4.5.1 Market size estimates and forecasts by region, 2017 - 2030  
Chapter 5 Vehicle Type Estimates and Trend Analysis
                   5.1 Market Size Estimates & Forecasts and Trend Analysis, 2017 - 2030  
                   5.2 Vehicle Type Movement Analysis & Market Share, 2020 & 2030
                   5.3 Passenger Cars
                       5.3.1 Market size estimates and forecasts by region, 2017 - 2030  
                   5.4 Commercial Vehicle
                       5.4.1 Market size estimates and forecasts by region, 2017 - 2030  
Chapter 6 Regional Estimates and Trend Analysis
                   6.1 Market Size Estimates & Forecasts and Trend Analysis, 2017 - 2030  
                   6.2 Semi-Autonomous Vehicle Market Share by Region, 2020 & 2030
                   6.3 North America
                       6.3.1 North America Semi-Autonomous Vehicle market, by level of automation, 2017 - 2030  
                       6.3.2 North America Semi-Autonomous Vehicle market, by vehicle type, 2017 - 2030  
                       6.3.3 U.S.
                           6.3.3.1 U.S. Semi-Autonomous Vehicle market by level of automation, 2017 - 2030  
                           6.3.3.2 U.S. Semi-Autonomous Vehicle market by vehicle type, 2017 - 2030  
                       6.3.4 Canada
                           6.3.4.1 Canada Semi-Autonomous Vehicle market by level of automation, 2017 - 2030  
                           6.3.4.2 Canada Semi-Autonomous Vehicle market by vehicle type, 2017 - 2030  
                       6.3.5 Mexico
                           6.3.5.1 Mexico Semi-Autonomous Vehicle market by level of automation, 2017 - 2030  
                           6.3.5.2 Mexico Semi-Autonomous Vehicle market by vehicle type, 2017 - 2030  
                   6.4 Europe
                       6.4.1 Europe Semi-Autonomous Vehicle market, by level of automation, 2017 - 2030  
                       6.4.2 Europe Semi-Autonomous Vehicle market, by vehicle type, 2017 - 2030  
                       6.4.3 Germany
                           6.4.3.1 Germany Semi-Autonomous Vehicle market by Level of automation, 2017 - 2030  
                           6.4.3.2 Germany Semi-Autonomous Vehicle market by Vehicle type, 2017 - 2030  
                       6.4.4 U.K.
                           6.4.4.1 U.K. Semi-Autonomous Vehicle market by Level of automation, 2017 - 2030  
                           6.4.4.2 U.K. Semi-Autonomous Vehicle market by Vehicle type, 2017 - 2030  
                       6.4.5 France
                           6.4.5.1 France Semi-Autonomous Vehicle market by Level of automation, 2017 - 2030  
                           6.4.5.2 France Semi-Autonomous Vehicle market by Vehicle type, 2017 - 2030  
                   6.5 Asia Pacific
                       6.5.1 Asia Pacific Semi-Autonomous Vehicle market, by Level of automation, 2017 - 2030  
                       6.5.2 Asia Pacific Semi-Autonomous Vehicle market, by Vehicle type, 2017 - 2030  
                           6.5.2.1 China Semi-Autonomous Vehicle market by Level of automation, 2017 - 2030  
                           6.5.2.2 China Semi-Autonomous Vehicle market by Vehicle type, 2017 - 2030  
                       6.5.3 India
                           6.5.3.1 India Semi-Autonomous Vehicle market by Level of automation, 2017 - 2030  
                           6.5.3.2 India Semi-Autonomous Vehicle market by Vehicle type, 2017 - 2030  
                       6.5.4 Japan
                           6.5.4.1 Japan Semi-Autonomous Vehicle market by Level of automation, 2017 - 2030  
                           6.5.4.2 Japan Semi-Autonomous Vehicle market by Vehicle type, 2017 - 2030  
                       6.5.5 South Korea
                           6.5.5.1 South Korea Semi-Autonomous Vehicle market by Level of automation, 2017 - 2030  
                           6.5.5.2 South Korea Semi-Autonomous Vehicle market by Vehicle type, 2017 - 2030  
                   6.6 South America
                       6.6.1 South America Semi-Autonomous Vehicle market, by Level of automation, 2017 - 2030  
                       6.6.2 South America Semi-Autonomous Vehicle market, by Vehicle type, 2017 - 2030  
                       6.6.3 Brazil
                           6.6.3.1 Brazil Semi-Autonomous Vehicle market by Level of automation, 2017 - 2030  
                           6.6.3.2 Brazil Semi-Autonomous Vehicle market by Vehicle type, 2017 - 2030  
                   6.7 MEA
                       6.7.1 MEA Semi-Autonomous Vehicle market, by Level of automation, 2017 - 2030  
                       6.7.2 MEA Semi-Autonomous Vehicle market, by Vehicle type, 2017 - 2030  
Chapter 7 Competitive Analysis
                   7.1 Recent Developments & Impact Analysis, By Key Market ParSemi-Autonomous Vehicleipants
                   7.2 Company/Competition Categorization (Key innovators, Market leaders, Emerging Players)
                   7.3 Vendor Landscape
                       7.3.1 Key Company Market Share Analysis, 2020
                   7.4 Public Companies
                       7.4.1 Company Market Position Analysis
                   7.5 Private Companies
                       7.5.1 List of Key Emerging Companies /Technology Disruptors/Innovators
                       7.5.2 Company Market Position Analysis
Chapter 8 Competitive Landscape
                   8.1 Audi AG
                       8.1.1 Company overview
                       8.1.2 Financial performance
                       8.1.3 Product benchmarking
                       8.1.4 Recent developments
                   8.2 BMW AG
                       8.2.1 Company overview
                       8.2.2 Financial performance
                       8.2.3 Product benchmarking
                       8.2.4 Recent developments
                   8.3 Continental AG
                       8.3.1 Company overview
                       8.3.2 Financial performance
                       8.3.3 Product benchmarking
                   8.4 Diamler AG (Mercedes Benz)
                       8.4.1 Company overview
                       8.4.2 Financial performance
                       8.4.3 Product benchmarking
                       8.4.4 Recent developments
                   8.5 Ford Motor Company
                       8.5.1 Company overview
                       8.5.2 Financial performance
                       8.5.3 Product benchmarking
                       8.5.4 Recent developments
                   8.6 General Motors
                       8.6.1 Company overview
                       8.6.2 Financial performance
                       8.6.3 Product benchmarking
                   8.7 Honda Motor Corporation
                       8.7.1 Company overview
                       8.7.2 Financial performance
                       8.7.3 Product benchmarking
                       8.7.4 Recent developments
                   8.8 Nissan Motor Company
                       8.8.1 Company overview
                       8.8.2 Financial performance
                       8.8.3 Product benchmarking
                       8.8.4 Recent developments
                   8.9 Toyota Motor Corporation
                       8.9.1 Company overview
                       8.9.2 Financial performance
                       8.9.3 Product benchmarking
                       8.9.4 Recent developments
                   8.10 Volvo Car Corporation
                       8.10.1 Company overview
                       8.10.2 Financial performance
                       8.10.3 Product benchmarking
                       8.10.4 Recent developments
                   8.11 Valeo S.A.
                       8.11.1 Company overview
                       8.11.2 Financial performance
                       8.11.3 Product benchmarking
                       8.11.4 Recent developments
                   8.12 Volkswagen AG
                       8.12.1 Company overview
                       8.12.2 Financial performance
                       8.12.3 Product benchmarking
                       8.12.4 Recent developments

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