The global autonomous/self-driving cars market refers to the worldwide industry encompassing the development, manufacturing, and deployment of autonomous vehicles capable of navigating and operating on roads without human intervention. This market comprises a wide range of stakeholders, including automotive manufacturers, technology companies, regulatory bodies, and consumers. The key defining feature of this market is the integration of advanced technologies such as artificial intelligence, sensor systems, and connectivity solutions to enable vehicles to perceive their surroundings, make real-time decisions, and navigate safely and efficiently. The market is driven by the increasing demand for safer and more convenient transportation options, reduced traffic accidents, and the potential for enhanced mobility services.
This dynamic market is characterized by ongoing research and development efforts to improve the safety, reliability, and scalability of autonomous vehicle technologies. It also involves the continuous evolution of regulatory frameworks to ensure the safe deployment of autonomous vehicles on public roads. Additionally, the market is influenced by consumer acceptance, infrastructure development, and partnerships between automakers and technology companies. As autonomous vehicles continue to advance and gain wider acceptance, the global autonomous/self-driving cars market is poised for significant growth and transformation in the coming years.
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Data Bridge Market Research analyses that the Global Autonomous/Self-Driving Cars Market is expected to grow at a CAGR of 25.8% in the forecast period of 2023 to 2030 and is expected to reach USD 493,425.35 million by 2030. The rapid rise of Mobility-as-a-Service (MaaS) platforms is presenting a significant opportunity for the global autonomous self-driving cars market.
Key Findings of the Study
Technological Advancements In Automotive/Self-Driving Cars
Advancements in autonomous/self-driving cars technologies play a pivotal role in driving the growth of the market. These technological innovations continuously enhance the efficiency, safety, and reliability of transporting, propelling the global autonomous/self-driving cars market forward. One key factor is the evolution of sensor technology.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 – 2020)
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Quantitative Units
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Revenue in USD Million
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Segments Covered
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Level of Autonomy (Semi-Autonomous Cars, Autonomous Cars), Technology (Sensor, Telematics, Computing Platform, and Others), Mobility Type (Personal Mobility, Shared Mobility), Type (SUV, Hatchbacks, Sedan, Others), System type (Automatic Emergency Braking (AEB), Adaptive Cruise Control (ACC), Driver Monitoring System (DMS), Forward Collision Warning (FCW), Blind Spot Detection (BSD), Smart Park Assist, Lane Assist, Crash Warning System (CWS) Tire Pressure Monitoring System (TPMS), Night Vision System (NVS), Pedastrian Detection System (PDS) Cross Traffic Alert (CTA) Others), Electric Vehicle Type (Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Plug-In Hybrid Electric Vehicle (PHEV), and Fuel Cell Electric Vehicle (FCEV))
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Regions Covered
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U.S., Canada, and Mexico, Germany, France, U.K., Italy, Spain, Russia, Netherlands, Belgium, Sweden, Denmark, Switzerland, Turkey, Poland, Rest of Europe, Japan, China, South Korea, India, Australia & New Zealand, Taiwan, Singapore, Thailand, Malaysia, Indonesia, Philippines, Vietnam and Rest of Asia Pacific, Brazil, Argentina, and Rest of South America, and South Africa, Egypt, Saudi Arabia, U.A.E, Kuwait, Qatar, Israel, and Rest of Middle East and Africa
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Market Players Covered
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Latitude AI LLC (A Subsidary Of Ford Motor) ( U.S.), NVIDIA Corporation (U.S), Mercedes-Benz AG (Germany), Mobileye (Israel), Volkswagen(Germany), Aurora Innovation Inc. (U.S.), Tesla (U.S), Nuro, Inc. (U.S.), Huawei Technologies Co., Ltd. ( China), Infineon Technologies AG (Germany), Continental AG (Germany), Valeo (France), HELLA GmbH & Co. KGaA (Germany), Magna International Inc. ( Canada), ZF Friedrichshafen AG (Germany), Robert Bosch LLC (Germany), Aptiv. (Ireland), TEXAS INSTRUMENTS INCORPORATED. (U.S.), Hitachi Astemo, Ltd. (Japan), and RENESAS ELECTRONICS CORPORATION (Japan) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The global autonomous/self-driving cars market is segmented into six notable segments which are on the basis of level of autonomy, technology, mobility type, type, system type, and electric vehicle type.
- On the basis of the level of autonomy, the market is segmented into semi-autonomous cars and autonomous cars.
In 2023, the semi-autonomous cars segment is expected to dominate the global autonomous/self-driving cars market
In 2023, the semi-autonomous cars segment is expected to dominate the market with an 84.61% market share, because of its gradual integration into existing vehicles, providing a smoother transition for consumers. This approach combines advanced driver assistance systems with human control, making it more widely accepted and affordable.
- On the basis of technology, the market is segmented into sensors, telematics, computing platform and others.
In 2023, the sensors segment is expected to dominate the global autonomous/self-driving cars market
In 2023, the sensors segment is expected to dominate the market with a 44.99% market share. The sensors segment is expected to dominate the market due to its crucial role in providing high-resolution 3D mapping and obstacle detection capabilities. This sensor type enables safe and reliable autonomous navigation, making it a key driver of market growth.
- On the basis of mobility type, the market is segmented into personal mobility and shared mobility. In 2023, the personal mobility segment is expected to dominate the market with a 61.42% share.
- On the basis of type, the market is segmented into sedan, SUV, hatchbacks and others. In 2023, the sedan segment is expected to dominate the market with a 44.52% share .
- On the basis of system type, the market is segmented into automatic emergency braking (AEB), adaptive cruise control (ACC), driver monitoring system (DMS), forward collision warning (FCW), blind spot detection (BSD), smart park assist, lane assist, crash warning system (CWS), tire pressure monitoring system (TPMS), night vision system (NVS), pedastrian detection system (PDS), cross traffic alert (CTA) and others. In 2023, the automatic emergency braking (AEB) segment is expected to dominate the market with a 17.14% share.
- On the basis of electric vehicle type, the market has been segmented into battery electric vehicle (BEV), hybrid electric vehicle (HEV), plug-in hybrid electric vehicle (PHEV), and fuel cell electric vehicle (FCEV). In 2023, the battery electric vehicle (BEV) segment is expected to dominate the market with a 46.21% share.
Major Players
Data Bridge Market Research recognizes the following companies as the major key players in the global autonomous/self-driving cars market are Tesla (U.S), Continental AG (Germany), ZF Friedrichshafen AG (Germany), Aptiv. (Ireland), Hitachi Astemo, Ltd. (Japan) among others.
Market Development
- In July 2023, Waymo LLC prioritized the development of the versatile Waymo Driver, an autonomous system for diverse vehicles and applications. Their strategic focus now centers on ride-hailing due to its strong commercial potential, reflected in notable progress and rider interest in San Francisco, Phoenix, and Los Angeles. Rapid AI/ML advancements are driving their tech iteration, solidifying their commitment to revolutionizing autonomous transportation.
- In September 2022, Waymo LLC partnered with Swiss Re to develop innovative risk assessment methods for the insurance sector in the face of autonomous driving advancements. Shifting from human-centric risk factors to vehicle-oriented ones, and acknowledging the limitations of retrospective analyses, this collaboration paves the way for novel insurance models that support the safe integration of autonomous vehicles. The partnership holds the potential to enhance safety evaluation approaches and offer the public a fresh perspective on assessing AV technology.
- In January 2022, Nuro, Inc. introduced its third-generation autonomous delivery vehicle, "Nuro," designed to enhance cargo capacity and expand eco-friendly services across the U.S. This advanced model emphasizes sustainability with increased cargo volume, customizable storage, and temperature-controlled compartments.
- In December 2021, Waymo LLC expanded its Waymo One fleet through collaboration with Geely, a leading global automaker, integrating their autonomous technology into Geely's electric Zeekr vehicle. The partnership reflects Waymo's commitment to sustainable transportation, as it introduces rider-centric, all-electric autonomous vehicles designed for maximum comfort and convenience. This step marks progress towards an electrified and driverless future for Waymo One.
- In September 2020, Huawei Technologies Co., Ltd. launched its Autonomous Driving Network (ADN) solution at HUAWEI CONNECT 2020, introducing intelligence across network layers and driving enterprises into the autonomous era. Huawei's ADN solution fosters adaptive, expansive, and qualitatively transformed enterprise networks. This helped the company to cater to more customers globally.
Regional Analysis
Geographically, the countries covered in the global autonomous/self-driving cars market report are U.S., Canada, and Mexico, Germany, France, U.K., Italy, Spain, Russia, Netherlands, Belgium, Sweden, Denmark, Switzerland, Turkey, Poland, Rest of Europe, Japan, China, South Korea, India, Australia & New Zealand, Taiwan, Singapore, Thailand, Malaysia, Indonesia, Philippines, Vietnam and Rest of Asia Pacific, Brazil, Argentina, and Rest of South America, and South Africa, Egypt, Saudi Arabia, U.A.E, Kuwait, Qatar, Israel, and Rest of Middle East and Africa.
As per Data Bridge Market Research analysis:
North America is the dominant region in the autonomous/self-driving cars market
North America region is expected to dominate the global autonomous/self-driving cars market due to increasing customer inclinations toward autonomous cars. The region has technological advancements that caters to more customers globally, which creates a high demand for autonomous/self-driving cars solutions in various applications.
Asia-Pacific is estimated to be the fastest growing region in the global autonomous/self-driving cars market in the forecast period 2023 - 2030
Asia-Pacific is expected to grow during the forecast period due to the increasing adoption of advanced technologies in autonomous/self-driving cars industries, as the region has a strong focus on technological advancements and innovation.
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