Autonomous Cars Market boosting the growth through 2026 by Global Top Players - Tesla, Ford Motors, Ford Motors, Waymo, Volkswagen Group, BMW, Renault SA, Audi, Hyundai, Honda, Toyota, Mercedes, Kia Motors, Baidu, Inc., Samsung Electronics, Inc., NVIDIA C

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.

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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.

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.

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

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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.

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