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 to 2026

  • Published On : Feb 2019 |
  • Pages : 250 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Global Autonomous Cars Market – Insights

Autonomous cars are also called as driverless cars, self-driving cars, robot car or autonomous vehicles (AVs) and are able to navigate a predetermined destination without the help of human guidance. These cars rely on a combination of advanced vehicle systems such as advanced driver-assistance systems (ADAS), advanced emergency braking system (AEBS), comprehensive vehicle tracking systems, remote controlled systems, and advanced vehicle to everything connectivity. These systems are expected to be nascent technological developments boosting growth of the autonomous cars market during the forecast period. Moreover, these technologies help to enhance vehicle performance and fuel efficiency, which is projected to increase consumer preference towards these cars. Growing smart city and connected infrastructure initiatives by government of various countries has led to increase in internet connectivity, road infrastructures, and highways, which will make the infrastructure suitable for autonomous cars, thereby boosting growth of the global autonomous cars market.

Global autonomous cars market is expected to witness significant growth during the forecast period (2018–2026). The market growth for autonomous cars is majorly attributed to increasing disposable income.

The major restraining factor for the global autonomous cars market is high cost of embedded systems in these cars and certain limitations. For instance, airbags used in these cars inflate just once on impact, after which they need to be replaced. Moreover, these airbags are expensive.

Figure 1. Global Autonomous Cars Market Share (%), by Region (2017 & 2026)

Source: Coherent Market Insights, 2017-18

Increasing demand for safety, comfort, and convenience along with growing infrastructure is expected to aid in growth of the global autonomous cars market.

Automated embedded system play an important role in improving vehicle performance, driver and pedestrian safety, and offer effective emission control. Advanced safety and comfort systems include sensors and microcontrollers, which help to drive and navigate the car. Convenience system include features such as infotainment, electronic steering, automatic braking, collision avoidance, brake assist, driver warning, external airbags, and other embedded systems, which help to avoid crashing of car. These features of autonomous cars aid in growth of the global autonomous cars market.

Furthermore, increasing government investment on research and development activities to enhance infrastructure that is suitable for driving autonomous cars is expected to drive the market growth. For instance, Government of India allocated US$ 92.22 billion for infrastructure, according to the union budged 2018-2019. Growing internet availability and smart city concept is also expected to aid in the market growth.

Figure 2. Global Autonomous Cars Market Share (%), By Application (2017 & 2026)

Increasing demand for autonomous cars among passenger cars segment in North America is expected to drive the market growth.

North America held dominant position in the global autonomous cars market in 2017, and is projected to retain its dominance throughout the forecast period. This is owing to high demand for autonomous cars in the region. Asia Pacific is expected to be the fastest growing market throughout the forecast period, owing to rapid infrastructure development in emerging economies such as India and China. For instance, the Government of India launched ‘Smart City Mission’ in 2015 under which the Indian Government plans to develop 100 smart cities.

Major players operating in the global autonomous cars market include, General Motors Company, Alphabet, Inc., Volkswagen Group, BMW AG, Renault SA, Tesla, Inc., Aptiv, Plc., Audi AG, Hyundai Motor Company, Honda Motor Company, Ltd, Toyota Motor Corporation, Daimler AG (Mercedes Benz), Kia Motor Corporation, and others.

Autonomous cars are also called as self-driving car and use combination of sensors, radars, cameras, and Artificial Intelligence (AI) to travel from one point to another without human interference. Autonomous cars are mainly embedded with software that process inputs, plot a path, and send instructions to the vehicle and help the vehicle to reach the destination. Autonomous cars offer improved pedestrian safety and produce less emission compared to normal cars.

Market Dynamics

Autonomous cars make driving easier, allow people to be more productive, and offer greater mobility. These features increase demand for autonomous cars. These cars also help to improve road safety, reduce carbon dioxide emissions, and reduce traffic congestion in congested city areas. The use of autonomous cars is expected to increase at a high rate, owing to growing safety concerns and advancements in automotive technologies. This in turn also drives automakers to increase safety features of ADAS System as autonomous cars help to increase the safety of passengers by avoiding accidents that may occur due to human error.

Key features of the study:

  • This report provides in-depth analysis of autonomous cars market size (US$ Billion), and Compound Annual Growth Rate (CAGR %) for the forecast period (2018– 2026), 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 strategy adopted by key market players
  • It profiles key players in the global autonomous cars market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, autonomous cars market capital, key developments, strategies, and future plans
  • Companies covered as part of this study include General Motors Company, Alphabet, Inc., Volkswagen Group, BMW Ag, Renault SA, Tesla, Inc., Aptiv, Plc., Audi Ag, Hyundai Motor Company, Honda Motor Company, Ltd, Toyota Motor Corporation, Daimler Ag (Mercedes Benz),Kia Motor Corporation, and others
  • 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 cars market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global autonomous cars market

Detailed Segmentation

  • Global Autonomous Cars Market, By Level of Automation:
    • Level 1
    • Level 2
    • Level 3
    • Level 4
    • Level 5
  • Global Autonomous Cars Market, By Application:
    • Passenger Cars 
    • Public Transportation        
    • Commercial Applications
    • Air Taxis       
  • Global Autonomous Cars Market, By Geography:
    • North America
      • By Level of Automation :
        • Level 1
        • Level 2
        • Level 3
        • Level 4
        • Level 5
      • By Application:
        • Passenger Cars 
        • Public Transportation        
        • Commercial Applications
        • Air Taxis       
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Level of Automation :
        • Level 1
        • Level 2
        • Level 3
        • Level 4
        • Level 5
      • By Application:
        • Passenger Cars 
        • Public Transportation        
        • Commercial Applications
        • Air Taxis       
      • By Country:
        • Germany
        • UK
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Level of Automation :
        • Level 1
        • Level 2
        • Level 3
        • Level 4
        • Level 5
      • By Application:
        • Passenger Cars 
        • Public Transportation        
        • Commercial Applications
        • Air Taxis       
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Latin America
      • By Level of Automation :
        • Level 1
        • Level 2
        • Level 3
        • Level 4
        • Level 5
      • By Application:
        • Passenger Cars 
        • Public Transportation        
        • Commercial Applications
        • Air Taxis       
      • By Country:
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East
      • By Level of Automation :
        • Level 1
        • Level 2
        • Level 3
        • Level 4
        • Level 5
      • By Application:
        • Passenger Cars 
        • Public Transportation        
        • Commercial Applications
        • Air Taxis       
      • By Country:
        • GCC Countries
        • Israel
        • Rest of Middle East
    • Africa
      • By Level of Automation :
        • Level 1
        • Level 2
        • Level 3
        • Level 4
        • Level 5
      • By Application:
        • Passenger Cars 
        • Public Transportation        
        • Commercial Applications
        • Air Taxis       
      • By Country:
        • North Africa
        • Central Africa
        • South Africa
  • Company Profiles
    • General Motors Company *
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/ Updates
    • Alphabet, Inc.
    • Volkswagen Group
    • BMW AG
    • Renault SA
    • Tesla, Inc.
    • Aptiv, Plc.
    • Audi AG
    • Hyundai Motor Company
    • Honda Motor Company, Ltd
    • Toyota Motor Corporation
    • Daimler AG (Mercedes Benz)
    • Kia Motor Corporation

“*” 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
  4. Global Autonomous Cars Market, By Level of Automation, 2018-2026  (US$ Bn)
    • Introduction
      • Market Share Analysis, 2017 and 2026 (%)
      • Segment Trends
    • Level 1
      • Introduction
      • Market Size and Forecast, 2018–2026, (US$ Bn)
    • Level 2
      • Introduction
      • Market Size and Forecast, 2018–2026, (US$ Bn)
    • Level 3
      • Introduction
      • Market Size and Forecast, 2018–2026, (US$ Bn)
    • Level 4
      • Introduction
      • Market Size and Forecast, 2018–2026, (US$ Bn)
    • Level 5
      • Introduction
      • Market Size and Forecast, 2018–2026, (US$ Bn)
  5. Global Autonomous Cars Market, By Application, 2018-2026  (US$ Bn)
    • Introduction
      • Market Share Analysis, 2017 and 2026 (%)
      • Segment Trends
    • Passenger Cars
      • Introduction
      • Market Size and Forecast, 2018–2026, (US$ Bn)
    • Public Transportation
      • Introduction
      • Market Size and Forecast, 2018–2026, (US$ Bn)
    • Commercial Applications
      • Introduction
      • Market Size and Forecast, 2018–2026, (US$ Bn)
    • Air Taxis
      • Introduction
      • Market Size and Forecast, 2018–2026, (US$ Bn)
  6. Global Autonomous Cars Market, By Regions, 2018-2026 (US$ Bn)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2026 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Level of Automation,2018–2026 (US$ Bn)
      • Market Size and Forecast, By Application, 2018–2026 (US$ Bn)
      • Market Share Analysis, By Country, 2018 and 2026 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, By Level of Automation,2018–2026 (US$ Bn)
      • Market Size and Forecast, By Application, 2018–2026 (US$ Bn)
      • Market Share Analysis, By Country, 2017 and 2026 (%)
        • UK
        • Germany
        • Italy
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Level of Automation,2018–2026 (US$ Bn)
      • Market Size and Forecast, By Application, 2018–2026 (US$ Bn)
      • Market Share Analysis, By Country, 2017 and 2026 (%)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Level of Automation,2018–2026 (US$ Bn)
      • Market Size and Forecast, By Application, 2018–2026 (US$ Bn)
      • Market Share Analysis, By Country, 2017 and 2026 (%)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East
      • Regional Trends
      • Market Size and Forecast, By Level of Automation,2018–2026 (US$ Bn)
      • Market Size and Forecast, By Application, 2018–2026 (US$ Bn)
      • Market Share Analysis, By Country, 2017 and 2026 (%)
        • Israel
        • GCC Countries
        • Rest of the Middle East
    • Africa
      • Regional Trends
      • Market Size and Forecast, By Level of Automation,2018–2026 (US$ Bn)
      • Market Size and Forecast, By Application, 2018–2026 (US$ Bn)
      • Market Share Analysis, By Country, 2017 and 2026 (%)
        • North Africa
        • Central Africa
        • South Africa
  7. Competitive Landscape
    • Company Profiles
      • General Motors Company
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Alphabet, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Volkswagen Group
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • BMW AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • RENAULT SA
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • TESLA, INC.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Aptiv, Plc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Audi AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Hyundai Motor Company
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Honda Motor Company, Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Toyota Motor Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Daimler AG (MERCEDES BENZ)
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Kia Motor Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
        •  
    • Analyst Views
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 60 market data tables and 40 figures on "Autonomous Cars Market - Global forecast to 2026”.

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.


Smiley face

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.

Smiley face

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

Choose License Type

"How Can I Help You" ?

Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.

[email protected]

Key Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.