Autonomous Cars Market, by Level of Automation (Level 1, Level 2, Level 3, Level 4, and Level 5), by Application (Passenger Cars, Public Transportation, Commercial Applications, and Air Taxis), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Trends, and Forecast till 2035

  • Published On : Sep 2018 |
  • Pages : 519 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Autonomous Car Market

The autonomous car market in Asia Pacific is expected to grow at a CAGR of 36.6% over the forecast period, owing to rapid urbanization and industrialization in China due to increasing GDP. Therefore, increased standard of living has significantly impacted affordability and expenditure on luxury vehicles. Moreover, increasing vehicle production in China is expected to further propel the regional market growth over the forecast period. For instance, according to the Organization Internationale des Constructeurs d'Automobiles (OICA), in 2016, vehicle production in China accounted for total of 29.6% of the global production. Moreover, the country’s production increased about 14.5% in 2016 from 2015.

Increasing smart city and connected infrastructure initiatives by various governments in this region has led to improvement in internet connectivity, road infrastructures, and highways, which will make the infrastructure in this region suitable for autonomous cars. For instance, in 2015, 100 smart city mission was launched by the Government of India to develop 100 smart cities across the country.

Market Drivers:

Advancement in technology and growing demand for electric vehicles is driving growth of autonomous car market. The adoption of advanced embedded systems in automotive industry has increased significantly over the past two decades. This is due to deployment of these systems in emerging telematics products and in-vehicle infotainment for automotive. Tire pressure monitoring systems, airbags, anti-lock braking system, satellite radio, telematics, and emission control are some of the prominent applications that require incorporation of an embedded system for their operations. For instance, embedded airbag system is a battery-operated system that works on commands generated from the microcontroller in an event of collision and triggers the airbag system by operating an alternator. Hence, demand for automotive embedded systems is expected to propel the autonomous car market growth.

Level 4 segment is expected to exhibit the highest CAGR over the forecast period (2018 - 2035)

Among level of automation, level 4 segment is expected to exhibit the highest CAGR over the forecast period. The demand for level 4 autonomous vehicles is increasing due to rising road accidents across the globe. For instance, according to the National Highway Traffic Safety Administration (NHTSA) analysis, around 90% road accidents are majorly caused due to human errors. Therefore, rising road accidents are considered to be the most prominent factor for automakers to increase integration of safety system in the car, which further helps in increasing the safety of the vehicles as well as pedestrians walking on the road.

Figure: Global Autonomous Car Market Value (US$ Bn) and Volume (‘000 Units), by Level of Automation, 2017

SOURCE: COHERENT MARKET INSIGHTS ANALYSIS, 2018

Passenger car application segment held dominant position in the global autonomous car market in 2017

Autonomous passenger cars features various technologies such as GPS sensors to help with navigation and sensors to avoid collisions. They also have the ability to use augmented reality, where a vehicle displays information to drivers in innovative ways. Industry manufacturers are focused on developing technologically advanced cars with easy to use and more safety features. For instance, General Motors is expected to start production of fully autonomous cars in 2019, with no steering wheel or ability for drivers to intervene. Companies are majorly investing in the development of passenger cars. Moreover, advancements in new technologies have accelerated in the market with the participation of leading car developers including Audi, BMW, Ford, and most recently Tesla and Google. These factors will drive growth of the segment in the autonomous car market.

Asia Pacific autonomous market is projected to witness the highest CAGR in the forecast period

Asia Pacific is expected to be the fastest growing region in the autonomous car market over the forecast period. Increasing vehicle manufacturing and high demand for electric vehicles in economies such as China and Japan are expected to drive growth of the regional market. According to the International Energy Agency’s Global EV Outlook, China led the electric vehicles market in 2016, accounting for sale of over 40% electric cars worldwide. Hence, increasing demand for electric vehicle is propelling demand for autonomous cars.

Moreover, government regulations for safety and to reduce road accidents is one of the major growth factors for the market in Asia Pacific. For instance, in 2016, according to the Indian Ministry of Road Transport & Highways, it is mandatory for the OEMs to install anti-locking brake system on heavy vehicles.

Figure: Global Autonomous Car Market Value (US$ Bn), by Region, 2017 & 2025

SOURCE: COHERENT MARKET INSIGHTS ANALYSIS, 2018

Key companies

Major players operating in the global autonomous car market include Tesla, Ford Motors, Ford Motors, Waymo, Volkswagen Group, BMW, Renault SA, Audi, Hyundai, Honda, Toyota, Mercedes, Kia Motors, Baidu, Inc., Samsung Electronics, Inc., NVIDIA Corporation, Mobileye, Inc., Delphi Automotive System LLC, and NXP BlueBox. The market players are adopting various growth strategies such as mergers & acquisitions, product launches, collaborations, geographic expansions, and others to expand their market presence.

Autonomous cars, also called driverless cars, self-driving cars, robot car or autonomous vehicles (AVs), are vehicles that can navigate to a predetermined destination without the help of human guidance. The integration of advanced vehicle systems such as ADAS, AEBS, comprehensive vehicle tracking systems, remote controlled systems, and advanced vehicle to everything (V2E) connectivity in autonomous cars are expected to be the nascent technological developments paving way for autonomous cars market over the forecast period. Moreover, these technologies enhance vehicle performance and fuel efficiency, which is projected to increase consumer inclination towards these cars.

Market Dynamics

Increasing demand for advanced safety, comfort, and convenience systems is the primary factor driving growth of the autonomous car market. Automotive embedded system is a crucial component in improving vehicle performance, driver and pedestrian safety, and for effective emission control. In advanced vehicles, several electronic components such as sensors and microcontrollers for enhanced safety and convenience features such as infotainment, electronic steering, automatic braking, collision avoidance, brake assist, driver warning, external airbags, and other embedded systems are used. Key players in the automotive industry such as Volvo, Mercedes, and BMW are involved in the development and manufacturing of autonomous vehicles, which include features such as collision avoidance, driver warning, and external airbags.

Key features of the study:

  • This report provides in-depth analysis of autonomous car market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2018–2035), considering 2017 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
  • It profiles leading players in the global autonomous car market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, autonomous car market capital, key developments, strategies, and future plans
  • Companies covered as part of this study include OEMs and component suppliers. OEMs include Tesla, Ford Motors, Ford Motors, Waymo, Volkswagen Group, BMW, Renault SA, Audi, Hyundai, Honda, Toyota, Mercedes, Kia Motors, and others. Platform providers include Baidu, Inc., Samsung Electronics, Inc., NVIDIA Corporation, Mobileye, Inc., Delphi Automotive System LLC, and NXP BlueBox.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product upgrades, market expansion, and marketing tactics
  • The global autonomous car market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision making through various strategy matrices used in analyzing the global autonomous car market

Detailed Segmentation:

  • Global Autonomous Car Market, By Level of Automation:
    • Level 1
    • Level 2
    • Level 3
    • Level 4
    • Level 5
  • Global Autonomous Car Market, By Application:
    • Passenger Cars
    • Public Transportation
    • Commercial Applications
    • Air Taxis
  • Global  Autonomous Car Market, By Region:
    • North America
      • By Level of Automation
      • By Application
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Level of Automation
      • By Application
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Level of Automation
      • By Application
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Latin America
      • By Level of Automation
      • By Application
      • By Country:
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East
      • By Level of Automation
      • By Application
      • By Country:
        • GCC Countries
        • Israel
        • Rest of Middle East
    • Africa
      • By Level of Automation
      • By Application
      • By Country:
        • Northern Africa
        • Central Africa
        • South Africa
  • Company Profiles
  • OEMs
    • Tesla*
      • Company Overview
        • Market Presence
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
    • Ford Motors
    • General Motors
    • Waymo
    • Volkswagen Group
    • BMW
    • Renault-Nissan-Mitsubishi Alliance.
    • Tesla
    • Aptiv
    • Audi
    • Hyundai
    • Honda
    • Toyota
    • Mercedes
    • Kia Motors
    • Others
  • Platform Providers*
    • Baidu*
      • Company Overview
        • Market Presence
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
    • Apollo
    • Samsung
    • NVIDIA
    • Mobileye
    • Delphi Automotive
    • NXP BlueBox
    • Others
  • Other Service Providers*
    • Hitachi*
      • Company Overview
        • Market Presence
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
    • Toshiba
    • Panasonic
    • LG Innotek
    • Bosch
    • Fujitsu
    • Vision
    • Denso
    • Renesas
    • Intel
    • HARMAN
    • Ibeo
    • KOSTAL
    • Uber
    • RideCell
    • Tesloop
    • Zipcar
    • Argus
    • Arilou
    • Symantec
    • IBM
    • Qualcomm
    • Apple
    • Google
    • Cisco

 “*” marked represents similar segmentation in other categories in the respective section

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Level of Automation
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Merger and Acquisitions
      • New system Launch/Approvals
      • Value Chain Analysis
      • Porter’s Analysis
      • PEST Analysis
      • Components in the Autonomous Vehicles Eco-system
        • Development Tools
        • Processing Units/Platforms
        • Sensors
        • Connectivity Solutions
        • Mapping Solutions
        • Security & Safety Devices
        • Autonomous Solutions
      • Value Chain Analysis of Autonomous Driving Ecosystem
        • Original Equipment Manufacturers (OEMs)
        • Telecom Companies
        • Infrastructure Providers
        • Online Services Providers
        • Software & Services Providers
        • High-Tech Device Manufacturers
  4. Global Autonomous Car Market, By Level of Automation, 2017–2035  (US$ Billion & ‘000 Units)
    • Introduction
      • Market Share Analysis, 2017 and 2035 (%)
      • Segment Trends
    • Level 1
      • Introduction
      • Market Size and Forecast, 2017–2035, (US$ Billion & ‘000 Units)
      • Market by OEMs
      • Market by Platform Providers
    • Level 2
      • Introduction
      • Market Size and Forecast, 2017–2035, (US$ Billion & ‘000 Units)
      • Market by OEMs
      • Market by Platform Providers
    • Level 3
      • Introduction
      • Market Size and Forecast, 2017–2035, (US$ Billion & ‘000 Units)
      • Market by OEMs
      • Market by Platform Providers
    • Level 4
      • Introduction
      • Market Size and Forecast, 2017–2035, (US$ Billion & ‘000 Units)
      • Market by OEMs
      • Market by Platform Providers
    • Level 5
      • Introduction
      • Market Size and Forecast, 2017–2035, (US$ Billion & ‘000 Units)
      • Market by OEMs
      • Market by Platform Providers
  5. Global Autonomous Car Market, By Application, 2017–2035  (US$ Billion)
    • Introduction
      • Market Share Analysis, 2017 and 2035 (%)
      • Segment Trends
    • Passenger Cars
      • Introduction
      • Market Size and Forecast, 2017–2035, (US$ Billion)
    • Public Transportation
      • Introduction
      • Market Size and Forecast, 2017–2035, (US$ Billion)
    • Commercial Applications
      • Introduction
      • Market Size and Forecast, 2017–2035, (US$ Billion)
    • Air Taxis
      • Introduction
      • Market Size and Forecast, 2017–2035, (US$ Billion)
  6. Global Autonomous Car Market, By Region, 2017–2035 (US$ Billion)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2035 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Level of Automation, 2017–2035 (US$ Billion)
      • Market Size and Forecast, By Application, 2017–2035 (US$ Billion)
      • Market Share Analysis, By Country, 2017 and 2035 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, By Level of Automation, 2017–2035 (US$ Billion)
      • Market Size and Forecast, By Application, 2017–2035 (US$ Billion)
      • Market Share Analysis, By Country, 2017 and 2035 (%)
        • UK
        • Germany
        • Italy
        • France
        • Russia
        • Others
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Level of Automation, 2017–2035 (US$ Billion)
      • Market Size and Forecast, By Application, 2017–2035 (US$ Billion)
      • Market Share Analysis, By Country, 2017 and 2035 (%)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Others
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Level of Automation, 2017–2035 (US$ Billion)
      • Market Size and Forecast, By Application, 2017–2035 (US$ Billion)
      • Market Share Analysis, By Country, 2017 and 2035 (%)
        • Brazil
        • Argentina
        • Mexico
        • Others
    • Middle East
      • Regional Trends
      • Market Size and Forecast, By Level of Automation, 2017–2035 (US$ Billion)
      • Market Size and Forecast, By Application, 2017–2035 (US$ Billion)
      • Market Share Analysis, By Country, 2017 and 2035 (%)
        • Northern Africa
        • Central Africa
        • South Africa
    • Africa
      • Regional Trends
      • Market Size and Forecast, By Level of Automation, 2017–2035 (US$ Billion)
      • Market Size and Forecast, By Application, 2017–2035 (US$ Billion)
      • Market Share Analysis, By Country, 2017 and 2035 (%)
        • Northern Africa
        • Central Africa
        • South Africa
  7. Competitive Landscape
    • Company Profiles
    • OEMs
      • Tesla*
        • Company Overview
        • Market Presence
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Ford Motors
      • General Motors
      • Waymo
      • Volkswagen Group
      • BMW
      • Renault-Nissan-Mitsubishi Alliance.
      • Tesla
      • Aptiv
      • Audi
      • Hyundai
      • Honda
      • Toyota
      • Mercedes
      • Kia Motors
      • Others
    • Platform Providers
      • Baidu*
        • Company Overview
        • Market Presence
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Apollo
      • Samsung
      • NVIDIA
      • Mobileye
      • Delphi Automotive
      • NXP BlueBox
      • Others
    • Other Services Providers
      • Hitachi*
        • Company Overview
        • Market Presence
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Toshiba
      • Panasonic
      • LG Innotek
      • Bosch
      • Fujitsu
      • Vision
      • Denso
      • Renesas
      • Intel
      • HARMAN
      • Ibeo
      • KOSTAL
      • Uber
      • RideCell
      • Tesloop
      • Zipcar
      • Argus
      • Arilou
      • Symantec
      • IBM
      • Qualcomm
      • Apple
      • Google
      • Cisco
    • Analyst Views
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 150 market data tables and 90 figures on "Autonomous Car Market - Global forecast to 2035”.

 

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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