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) - Global Opportunity Analy
Autonomous Vehicle Market
In 2019, the level 3 segment is estimated to dominate the global autonomous vehicle market based on the level of automation segment, in terms of revenue. Furthermore, based on component, hardware is projected to lead the global market, followed by software in 2019. Autonomous vehicles use artificial intelligence (AI) software, light detection & ranging (LiDAR), and RADAR sensing technology which further is used to monitor a 60-meter range around the car and form active 3D map of the current environment. In addition, advancements in technology used in autonomous vehicles such as reading driver‐™s facial expression and activities such as drifting, braking, and accelerations to prevent possible accidents makes them more powerful, efficient, and attractive as well.
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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.
Key Findings of the Autonomous Vehicle Market:
• The level of automation segment is estimated to generate the highest revenue in the global autonomous vehicle market in 2019
• In 2019, the level 3 segment is projected to be the highest revenue contributor in the level of automation segment
• Europe is anticipated to exhibit the highest CAGR during the forecast period
• In 2019, North America contributed the highest market share, followed by, Europe, Asia Pacific and LAMEA
Analyst Review:
An autonomous car is a vehicle that senses its environment and navigates without human input. Presently, there is an increase in demand for the autonomous vehicles from developed countries such as the U.S, Canada, and others. Companies in this industry adopt various techniques to provide customers with advanced and innovative product offerings.
Autonomous vehicles use less battery capacity & less consumption of gas, which reduces pollution. In addition, development in automotive sector, demand for luxury cars, and government regulation also contribute to the market growth. However, high cost and the burgeoning threat from hackers in driving operation impede the growth of the market. In future, rise in investment for smart cars, and favorable government regulations are expected to create lucrative opportunities for the key players operating in the autonomous vehicle market.
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Among the analyzed geographical regions, North America is expected to account for the highest revenue in the global market throughout the forecast period (2019-2026) followed by Asia-Pacific, Europe, and LAMEA. However, Europe is expected to grow at a higher growth rate, predicting a lucrative market growth for autonomous vehicle.
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)
TABLE 81. GERMANY AUTONOMOUS VEHICLE MARKET VOLUME, BY COMPONENT 2019-2026(THOUSAND UNITS)
TABLE 82. FRANCE AUTONOMOUS VEHICLE MARKET REVENUE, BY LEVEL OF AUTOMATION 2019-2026($BILLION)
TABLE 83. FRANCE AUTONOMOUS VEHICLE MARKET VOLUME, BY LEVEL OF AUTOMATION 2019-2026(THOUSAND UNITS)
TABLE 84. FRANCE AUTONOMOUS VEHICLE MARKET REVENUE, BY APPLICATION 2019-2026($BILLION)
TABLE 85. FRANCE AUTONOMOUS VEHICLE MARKET VOLUME, BY APPLICATION 2019-2026(THOUSAND UNITS)
TABLE 86. FRANCE AUTONOMOUS VEHICLE MARKET REVENUE, BY COMPONENT 2019-2026($BILLION)
TABLE 87. FRANCE AUTONOMOUS VEHICLE MARKET VOLUME, BY COMPONENT 2019-2026(THOUSAND UNITS)
TABLE 88. RUSSIA AUTONOMOUS VEHICLE MARKET REVENUE, BY LEVEL OF AUTOMATION 2019-2026($BILLION)
TABLE 89. RUSSIA AUTONOMOUS VEHICLE MARKET VOLUME, BY LEVEL OF AUTOMATION 2019-2026(THOUSAND UNITS)
TABLE 90. RUSSIA AUTONOMOUS VEHICLE MARKET REVENUE, BY APPLICATION 2019-2026($BILLION)
TABLE 91. RUSSIA AUTONOMOUS VEHICLE MARKET VOLUME, BY APPLICATION 2019-2026(THOUSAND UNITS)
TABLE 92. RUSSIA AUTONOMOUS VEHICLE MARKET REVENUE, BY COMPONENT 2019-2026($BILLION)
TABLE 93. RUSSIA AUTONOMOUS VEHICLE MARKET VOLUME, BY COMPONENT 2019-2026(THOUSAND UNITS)
TABLE 94. REST OF EUROPE AUTONOMOUS VEHICLE MARKET REVENUE, BY LEVEL OF AUTOMATION 2019-2026($BILLION)
TABLE 95. REST OF EUROPE AUTONOMOUS VEHICLE MARKET VOLUME, BY LEVEL OF AUTOMATION 2019-2026(THOUSAND UNITS)
TABLE 96. REST OF EUROPE AUTONOMOUS VEHICLE MARKET REVENUE, BY APPLICATION 2019-2026($BILLION)
TABLE 97. REST OF EUROPE AUTONOMOUS VEHICLE MARKET VOLUME, BY APPLICATION 2019-2026(THOUSAND UNITS)
TABLE 98. REST OF EUROPE AUTONOMOUS VEHICLE MARKET REVENUE, BY COMPONENT 2019-2026($BILLION)
TABLE 99. REST OF EUROPE AUTONOMOUS VEHICLE MARKET VOLUME, BY COMPONENT 2019-2026(THOUSAND UNITS)
TABLE 100. ASIA-PACIFIC AUTONOMOUS VEHICLE MARKET REVENUE, BY LEVEL OF AUTOMATION 2019-2026($BILLION)
TABLE 101. ASIA-PACIFIC AUTONOMOUS VEHICLE MARKET VOLUME, BY LEVEL OF AUTOMATION 2019-2026(THOUSAND UNITS)
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