Press release
Autonomous Vehicle Market by Level of Automation (Level 3, Level 4, and Level 5) and Component (Hardware, Software, and Service) and Application (Civil, Robo Taxi, Self-driving Bus, Ride Share, Self-driving Truck, and Ride Hail)
Autonomous Vehicle Market
According to a recent report published by Allied Market Research, titled, Global Autonomous Vehicle Market by Level of Automation, Component, and Application: Global Opportunity Analysis and Industry Forecast, 20192026, The global autonomous vehicle market is expected to be valued at $54.23 billion in 2019, and is projected to reach $556.67 billion by 2026, registering a CAGR of 39.47% from 2019 to 2026.
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Autonomous vehicle also known as self-driving vehicles uses artificial intelligence (AI) software, light detection & ranging (LiDAR), and RADAR sensing technology, which is further used to monitor a 60-meter range around the car and to form an active 3D map of the current environment. The vehicle is designed to travel between destinations without a human operator.
They combine sensors and software to control, navigate, and drive the vehicle. Autonomous vehicle uses LiDAR, RADAR sensors for its operation. Most self-driving systems create and maintain an internal map of their surroundings, based on a wide array of sensors, like radar.
The major companies profiled in the report are General Motors, Daimler AG, Ford Motor Company., Volkswagen Group, BMW AG, Renault-Nissan-Mitsubishi alliance, Volvo-Autoliv-Ericsson-Zenuity alliance, Groupe SA, AB Volvo, Toyota Motor Corporation, and Tesla Inc. Other companies in accordance with auto suppliers are Robert Bosch GMBH, Aptiv, Continental AG, and Denso Corporation. Also by technology providers, it includes Waymo, NVDIA Corporation, Intel Corporation, Baidu, and Samsung. And based on autonomous vehicle as a service provider, it includes Uber, Lyft and Didi Chuxing.
The autonomous vehicle market is segmented based on level of automation, component, application, and region. Based on level of automation, the market is divided into level 3, level 4, and level 5. By component, it is classified into hardware, software, and service. The applications discussed in this study are civil, robo taxi, ride hail, ride share, self-driving truck, and self-driving bus. Based on region, the market is analyzed across North America, Europe, AsiaPacific, and LAMEA.
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Development of smart cities and rise in demand for connected cars using internet of things (IoT), help solve the problem of traffic congestion, and impact the growth of the market. In addition, development in automotive sector, demand for the luxury cars, government regulation, high cost, and the burgeoning threat from hackers in driving operation also affect the growth of the global autonomous vehicle market. These factors are anticipated to either drive or hamper the market growth.
Through Internet of Things, car drivers improve their performance by receiving the real-time feedback from high speed in-memory computing systems inbuilt in connected cars. These inbuilt computers offer features such as collecting, analyzing, and storing data which helps for making decisions. The wide adoption of connected cars is expected to create lucrative opportunities for autonomous and semi-autonomous vehicles.
Rapid growth of economies ensures robust development from transport infrastructure to development of smart cities. Many countries such as Mexico, Canada, and the U.S. are deploying digital infrastructure to facilitate connectivity between vehicles and infrastructures to gather vital information, and thereby, reduce traffic congestion and increase road safety. Rise in the development of smart cities is expected to significantly drive the autonomous vehicle market.
LIST OF TABLES
TABLE 01. GLOBAL AUTONOMOUS VEHICLE MARKET, BY LEVEL OF AUTOMATION, 2019-2026 ($BILLION)
TABLE 02. GLOBAL AUTONOMOUS VEHICLE MARKET, BY LEVEL OF AUTOMATION, 2019-2026 (THOUSAND UNITS)
TABLE 03. AUTONOMOUS VEHICLE MARKET REVENUE FOR LEVEL 3, BY REGION 2019-2026 ($BILLION)
TABLE 04. AUTONOMOUS VEHICLE MARKET VOLUME FOR LEVEL 3, BY REGION 2019-2026 (THOUSAND UNITS)
TABLE 05. AUTONOMOUS VEHICLE MARKET REVENUE FOR LEVEL 4, BY REGION 2019-2026($BILLION)
TABLE 06. AUTONOMOUS VEHICLE MARKET VOLUME FOR LEVEL 4, BY REGION 2019-2026(THOUSAND UNITS)
TABLE 07. AUTONOMOUS VEHICLE MARKET REVENUE FOR LEVEL 5, BY REGION 2019-2026($BILLION)
TABLE 08. AUTONOMOUS VEHICLE MARKET VOLUME FOR LEVEL 5, BY REGION 2019-2026(THOUSAND UNITS)
TABLE 09. GLOBAL AUTONOMOUS VEHICLE MARKET REVENUE, BY APPLICATION, 2019-2026 ($BILLION)
TABLE 10. GLOBAL AUTONOMOUS VEHICLE MARKET VOLUME, BY APPLICATION, 2019-2026 (THOUSAND UNITS)
TABLE 11. AUTONOMOUS VEHICLE MARKET REVENUE FOR CIVIL, BY REGION 2019-2026($BILLION)
TABLE 12. AUTONOMOUS VEHICLE MARKET VOLUME FOR CIVIL, BY REGION 2019-2026(THOUSAND UNITS)
TABLE 13. AUTONOMOUS VEHICLE MARKET REVENUE FOR ROBO TAXI, BY REGION 2019-2026($BILLION)
TABLE 14. AUTONOMOUS VEHICLE MARKET VOLUME FOR ROBO TAXI, BY REGION 2019-2026(THOUSAND UNITS)
TABLE 15. AUTONOMOUS VEHICLE MARKET REVENUE FOR RIDE HAIL, BY REGION 2019-2026($BILLION)
TABLE 16. AUTONOMOUS VEHICLE MARKET VOLUME FOR RIDE HAIL, BY REGION 2019-2026(THOUSAND UNITS)
TABLE 17. AUTONOMOUS VEHICLE MARKET REVENUE FOR RIDE SHARE, BY REGION 2019-2026($BILLION)
TABLE 18. AUTONOMOUS VEHICLE MARKET VOLUME FOR RIDE SHARE, BY REGION 2019-2026(THOUSAND UNITS)
TABLE 19. AUTONOMOUS VEHICLE MARKET REVENUE FOR SELF DRIVING TRUCK, BY REGION 2019-2026($BILLION)
TABLE 20. AUTONOMOUS VEHICLE MARKET VOLUME FOR SELF DRIVING TRUCK, BY REGION 2019-2026(THOUSAND UNITS)
TABLE 21. AUTONOMOUS VEHICLE MARKET REVENUE FOR SELF DRIVING BUS, BY REGION 2019-2026($BILLION)
TABLE 22. AUTONOMOUS VEHICLE MARKET VOLUME FOR SELF DRIVING BUS, BY REGION 2019-2026(THOUSAND UNITS)
TABLE 23. GLOBAL AUTONOMOUS VEHICLE MARKET REVENUE, BY COMPONENT, 2019-2026 ($BILLION)
TABLE 24. GLOBAL AUTONOMOUS VEHICLE MARKET VOLUME, BY COMPONENT, 2019-2026 (THOUSAND UNITS)
TABLE 25. GLOBAL AUTONOMOUS VEHICLE MARKET VALUE, BY HARDWARE 2019-2026($BILLION)
TABLE 26. GLOBAL AUTONOMOUS VEHICLE MARKET VOLUME, BY HARDWARE 2019-2026($THOUSAND UNITS)
TABLE 27. AUTONOMOUS VEHICLE MARKET REVENUE FOR HARDWARE, BY REGION 2019-2026($BILLION)
TABLE 28. AUTONOMOUS VEHICLE MARKET VOLUME FOR HARDWARE, BY REGION 2019-2026(THOUSAND UNITS)
TABLE 29. GLOBAL AUTONOMOUS VEHICLE MARKET VALUE, BY AUTONOMUS HARDWARE 2019-2026($BILLION)
TABLE 30. GLOBAL AUTONOMOUS VEHICLE MARKET VOLUME, BY AUTONOMUS HARDWARE 2019-2026 (THOUSAND UNITS)
TABLE 31. AUTONOMOUS VEHICLE MARKET REVENUE FOR SOFTWARE, BY REGION 2019-2026($BILLION)
TABLE 32. AUTONOMOUS VEHICLE MARKET REVENUE FOR SERVICE, BY REGION 2019-2026($BILLION)
TABLE 33. NORTH AMERICA AUTONOMOUS VEHICLE MARKET REVENUE, BY LEVEL OF AUTOMATION 2019-2026($BILLION)
TABLE 34. NORTH AMERICA AUTONOMOUS VEHICLE MARKET VOLUME, BY LEVEL OF AUTOMATION 2019-2026(THOUSAND UNITS)
TABLE 35. NORTH AMERICA AUTONOMOUS VEHICLE MARKET REVENUE, BY APPLICATION 2019-2026($BILLION)
TABLE 36. NORTH AMERICA AUTONOMOUS VEHICLE MARKET VOLUME, BY APPLICATION 2019-2026(THOUSAND UNITS)
TABLE 37. NORTH AMERICA AUTONOMOUS VEHICLE MARKET VALUE, BY COMPONENT, 2019-2026($BILLION)
TABLE 38. NORTH AMERICA AUTONOMOUS VEHICLE MARKET VOLUME, BY COMPONENT, 2019-2026(THOUSAND UNITS)
TABLE 39. NORTH AMERICA AUTONOMOUS VEHICLE MARKET VALUE, BY HARDWARE 2019-2026($BILLION)
TABLE 40. NORTH AMERICA AUTONOMOUS VEHICLE MARKET VOLUME, BY HARDWARE 2019-2026($THOUSAND UNITS)
TABLE 41. NORTH AMERICA AUTONOMOUS VEHICLE MARKET VALUE, BY AUTONOMUS HARDWARE 2019-2026($BILLION)
TABLE 42. NORTH AMERICA AUTONOMOUS VEHICLE MARKET VOLUME, BY AUTONOMUS HARDWARE 2019-2026($THOUSAND UNITS)
TABLE 43. U.S. AUTONOMOUS VEHICLE MARKET REVENUE, BY LEVEL OF AUTOMATION 2019-2026($BILLION)
TABLE 44. U.S. AUTONOMOUS VEHICLE MARKET VOLUME, BY LEVEL OF AUTOMATION 2019-2026(THOUSAND UNITS)
TABLE 45. U.S. AUTONOMOUS VEHICLE MARKET REVENUE, BY APPLICATION 2019-2026($BILLION)
TABLE 46. U.S. AUTONOMOUS VEHICLE MARKET VOLUME, BY APPLICATION 2019-2026(THOUSAND UNITS)
TABLE 47. U.S. AUTONOMOUS VEHICLE MARKET REVENUE, BY COMPONENT 2019-2026($BILLION)
TABLE 48. U.S. AUTONOMOUS VEHICLE MARKET VOLUME, BY COMPONENT 2019-2026(THOUSAND UNITS)
TABLE 49. CANADA AUTONOMOUS VEHICLE MARKET REVENUE, BY LEVEL OF AUTOMATION 2019-2026($BILLION)
TABLE 50. CANADA AUTONOMOUS VEHICLE MARKET VOLUME, BY LEVEL OF AUTOMATION 2019-2026(THOUSAND UNITS)
TABLE 51. CANADA AUTONOMOUS VEHICLE MARKET REVENUE, BY APPLICATION 2019-2026($BILLION)
TABLE 52. CANADA AUTONOMOUS VEHICLE MARKET VOLUME, BY APPLICATION 2019-2026(THOUSAND UNITS)
TABLE 53. CANADA AUTONOMOUS VEHICLE MARKET REVENUE, BY COMPONENT 2019-2026($BILLION)
TABLE 54. CANADA AUTONOMOUS VEHICLE MARKET VOLUME, BY COMPONENT 2019-2026(THOUSAND UNITS)
TABLE 55. MEXICO AUTONOMOUS VEHICLE MARKET REVENUE, BY LEVEL OF AUTOMATION 2019-2026($BILLION)
TABLE 56. MEXICO AUTONOMOUS VEHICLE MARKET VOLUME, BY LEVEL OF AUTOMATION 2019-2026(THOUSAND UNITS)
TABLE 57. MEXICO AUTONOMOUS VEHICLE MARKET REVENUE, BY APPLICATION 2019-2026($BILLION)
TABLE 58. MEXICO AUTONOMOUS VEHICLE MARKET VOLUME, BY APPLICATION 2019-2026(THOUSAND UNITS)
TABLE 59. MEXICO AUTONOMOUS VEHICLE MARKET REVENUE, BY COMPONENT 2019-2026($BILLION)
TABLE 60. MEXICO AUTONOMOUS VEHICLE MARKET VOLUME, BY COMPONENT 2019-2026(THOUSAND UNITS)
TABLE 61. EUROPE AUTONOMOUS VEHICLE MARKET REVENUE, BY LEVEL OF AUTOMATION 2019-2026($BILLION)
TABLE 62. EUROPE AUTONOMOUS VEHICLE MARKET VOLUME, BY LEVEL OF AUTOMATION 2019-2026(THOUSAND UNITS)
TABLE 63. EUROPE AUTONOMOUS VEHICLE MARKET REVENUE, BY APPLICATION 2019-2026($BILLION)
TABLE 64. EUROPE AUTONOMOUS VEHICLE MARKET VOLUME, BY APPLICATION 2019-2026(THOUSAND UNITS)
TABLE 65. EUROPE AUTONOMOUS VEHICLE MARKET REVENUE, BY COMPONENT 2019-2026($BILLION)
TABLE 66. EUROPE AUTONOMOUS VEHICLE MARKET VOLUME, BY COMPONENT 2019-2026(THOUSAND UNITS)
TABLE 67. EUROPE AUTONOMOUS VEHICLE MARKET VALUE, BY HARDWARE 2019-2026($BILLION)
TABLE 68. EUROPE AUTONOMOUS VEHICLE MARKET VOLUME, BY HARDWARE 2019-2026($THOUSAND UNITS)
TABLE 69. EUROPE AUTONOMOUS VEHICLE MARKET VALUE, BY AUTONOMUS HARDWARE 2019-2026($BILLION)
TABLE 70. UK AUTONOMOUS VEHICLE MARKET REVENUE, BY LEVEL OF AUTOMATION 2019-2026($BILLION)
TABLE 71. UK AUTONOMOUS VEHICLE MARKET VOLUME, BY LEVEL OF AUTOMATION 2019-2026(THOUSAND UNITS)
TABLE 72. UK AUTONOMOUS VEHICLE MARKET REVENUE, BY APPLICATION 2019-2026($BILLION)
TABLE 73. UK AUTONOMOUS VEHICLE MARKET VOLUME, BY APPLICATION 2019-2026(THOUSAND UNITS)
TABLE 74. UK AUTONOMOUS VEHICLE MARKET REVENUE, BY COMPONENT 2019-2026($BILLION)
TABLE 75. UK AUTONOMOUS VEHICLE MARKET VOLUME, BY COMPONENT 2019-2026(THOUSAND UNITS)
TABLE 76. GERMANY AUTONOMOUS VEHICLE MARKET REVENUE, BY LEVEL OF AUTOMATION 2019-2026($BILLION)
TABLE 77. GERMANY AUTONOMOUS VEHICLE MARKET VOLUME, BY LEVEL OF AUTOMATION 2019-2026(THOUSAND UNITS)
TABLE 78. GERMANY AUTONOMOUS VEHICLE MARKET REVENUE, BY APPLICATION 2019-2026($BILLION)
TABLE 79. GERMANY AUTONOMOUS VEHICLE MARKET VOLUME, BY APPLICATION 2019-2026(THOUSAND UNITS)
TABLE 80. GERMANY AUTONOMOUS VEHICLE MARKET REVENUE, BY COMPONENT 2019-2026($BILLION)
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