Top Factor Driving Connected And Autonomous Mobility Vehicles Market Growth in 2025: Addressing Road Safety Through The Growth Of Connected And Autonomous Mobility Vehicles

What market dynamics are playing a key role in accelerating the growth of the connected and autonomous mobility vehicles market?
The anticipated surge in the connected and autonomous mobility vehicles market can be attributed to the escalating number of road mishaps. Road accidents, which result in property damages and personal injuries and occur in public conveyance spaces, pose a valid concern for this market. Connected and autonomous vehicles (CAVs) have the capacity to avert and control such mishaps through evasive actions, driver focus monitoring, and seizing control of the vehicle when the driver is distracted. As per the World Health Organization data from December 2023, about 1.19 million global road traffic deaths were reported, with around 20,400 fatalities recorded in the European Union, a mild surge from 20,196 in 2022. Hence, the growing prevalence of road mishaps factors into the expansion of the connected and autonomous mobility vehicle market. Connected And Autonomous Mobility Vehicles Market Driver: The Potential Of Connected And Autonomous Mobility Vehicles (CAMVS) In Encouraging Sustainable Transport

Get Your Connected And Autonomous Mobility Vehicles Market Report Here:
https://www.thebusinessresearchcompany.com/report/connected-and-autonomous-mobility-vehicles-global-market-report

How will the growth rate of the connected and autonomous mobility vehicles market shape industry trends by 2034?
The market size for connected and autonomous mobility vehicles has seen rapid expansion in the recent past. Its growth is projected to surge from $197.56 billion in 2024 to $290.62 billion in 2025, marking a compound annual growth rate (CAGR) of 47.1%. Factors contributing to this surge during the historical period include the advent of advanced driver assistance systems (ADAS), advances in GPS and navigation systems, initial research and development in autonomous technology, leading autonomous vehicle initiatives, and a shift towards mobility as a service (MaaS).

The market for connected and autonomous mobility vehicles is predicted to experience a significant upsurge in the coming years, reaching a value of $1180.29 billion in 2029, growing with a compound annual growth rate (CAGR) of 42.0%. The reasons behind this projected growth during the forecast period are primarily due to increasing consumer trust and adoption, the integration of urban mobility solutions, regulatory advancements, the rise in the utilization of on-demand services, the progression of v2x communication, and an increase in electric and hybrid vehicles. Key trends that can be observed during the forecast tenure include increased consumer receptivity and adoption, advancements in urban mobility solutions, upgrades in sensor technologies, supportive regulatory frameworks and standards, the demand for on-demand mobility services, and the growth of v2x communication.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=13266&type=smp

What are the most significant trends transforming the connected and autonomous mobility vehicles market today?
Major firms in the connected and autonomous mobility vehicles industry are intensifying their efforts to launch third-generation autonomous driving systems to remain competitive. These systems are defined as autonomous driving mechanisms where the vehicle can independently handle all aspects of driving under particular conditions and within a specific environment, like highway driving. For example, May Mobility, an American autonomous vehicle (AV) technology company, in March 2023, unveiled its third-generation autonomous driving system. This system is armed with sophisticated sensors such as cameras, radars, and lidars to enable it to identify objects in its vicinity with greater precision and clarity than its predecessors. It also boasts an upgraded communication system that collaborates with human operators to ensure vehicle and passenger safety in difficult situations. The third-generation autonomous driving system by May Mobility features its third-generation vision stack, advanced pedestrian modeling, tele-assist, on-vehicle traffic light detection, and additional enhancements that allow the vehicle to navigate through diverse encounters and scenarios without any issues. Moreover, this system integrates several safety mechanisms, like automatic emergency braking and lane departure warning, to minimize accident risks.

Which primary segments of the connected and autonomous mobility vehicles market are driving growth and industry transformations?
The connected and autonomous mobility vehicles market covered in this report is segmented -

1) By Level Of Automation: Level 1, Level 2, Level 3, Level 4, Level 5
2) By Propulsion Type: Semi-Autonomous, Fully Autonomous
3) By Vehicle Type: Passenger Car, Commercial Vehicle
4) By Application: Civil, Defense, Transportation And Logistics, Construction

Subsegments:
1) By Semi-Autonomous: Level 2 (Partial Automation), Level 3 (Conditional Automation)
2) By Fully Autonomous: Level 4 (High Automation), Level 5 (Full Automation)

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=13266

Which geographical regions are pioneering growth in the connected and autonomous mobility vehicles market?
North America was the largest region in the connected and autonomous mobility vehicles market in 2024. The regions covered in the connected and autonomous mobility vehicles market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Who are the influential players reshaping the connected and autonomous mobility vehicles market landscape?
Major companies operating in the connected and autonomous mobility vehicles market report are Microsoft Corporation, General Motors (GM), Mercedes-Benz Group AG, Ford Motor Company, Bayerische Motoren Werke AG (BMW), SAIC Motor Corp. Ltd., Tesla Inc., Nissan Motor Co. Ltd., Intel Corporation, BYD Co. Ltd., Groupe Renault, The Volvo Group, Magna International Inc., Uber Technologies Inc., ABB Ltd., Nvidia Corporation, Jaguar Land Rover Automotive PLC, Didi Chuxing Technology Co. Ltd., Baidu Inc., Aptiv PLC, Porsche Automobil Holding SE, Lyft Inc., Motional, Aurora Innovation Inc., SAE International, Nuro Inc., Argo AI, AutoX Inc., Swift Navigation, Nauto

Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=13266&type=smp

What Is Covered In The Connected And Autonomous Mobility Vehicles Global Market Report?

• Market Size Forecast: Examine the connected and autonomous mobility vehicles market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the connected and autonomous mobility vehicles market for a structured understanding.
• Key Players Overview: Analyze major players in the connected and autonomous mobility vehicles market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the connected and autonomous mobility vehicles market.
• Segment Contributions: Evaluate how different segments drive overall growth in the connected and autonomous mobility vehicles market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the connected and autonomous mobility vehicles market.
• Industry Challenges: Identify potential risks and obstacles affecting the connected and autonomous mobility vehicles market.
• Competitive Landscape: Review strategic developments in the connected and autonomous mobility vehicles market, including expansions, agreements, and new product launches.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.