Global Connected And Autonomous Mobility Vehicles Market Outlook 2025-2034: Trends, Innovations, And Future Outlook

The Connected And Autonomous Mobility Vehicles Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Current Connected And Autonomous Mobility Vehicles Market Size and Its Estimated Growth Rate?
The market for connected and autonomous mobility vehicles has seen a significant expansion in recent years. Its size, which stands at $197.56 billion in 2024, is expected to surge to $290.62 billion in 2025 with a Compound Annual Growth Rate (CAGR) of 47.1%. The historic growth of this market can be traced back to the rise of advanced driver assistance systems (ADAS), evolution of gps and navigation systems, initial research and progress in autonomy, groundbreaking projects in autonomous vehicles, and a transition towards mobility as a service (MaaS).

The market for connected and autonomous mobility vehicles is predicted to skyrocket in the coming years, with the size forecasted to reach $1180.29 billion in 2029, displaying a compound annual growth rate (CAGR) of 42.0%. Factors contributing to this substantial growth during the predicted period include increased trust and adoption from consumers, integration of urban mobility solutions, regular regulatory advancements, the rise of on-demand services, advancements in v2x communication, and an upsurge in electric and hybrid vehicles. Key trends expected to be seen during this period involve consumer acceptance and adoption, urban mobility solutions, improvements in sensor technologies, regulatory backing and standards, growth in on-demand mobility services, and the evolution of v2x communication.

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How Are Emerging Segments Shaping the Connected And Autonomous Mobility Vehicles Market Landscape?
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)

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Which Growth Factors Are Influencing Connected And Autonomous Mobility Vehicles Market Expansion?
The connected and autonomous mobility vehicles market is likely to grow due to the escalating number of road accidents globally. Road accidents, typically taking place in areas designated or frequently used for public transportation, can involve personal injuries or property damage, with at least one moving vehicle being a party involved. Connected and autonomous vehicles (CAVs) can mitigate these accidents through their connectivity and automation attributes, such as performing evasive maneuvers, monitoring driver attentiveness, and assuming control of the vehicle when the driver is distracted. For example, the World Health Organization reported in December 2023 that road traffic fatalities worldwide reached around 1.19 million. The European Union accounted for about 20,400 of these fatalities, up from 20,196 in 2022. Hence, the escalated road accidents pave the way for the expansion of the connected and autonomous mobility vehicle market. Connected And Autonomous Mobility Vehicles Market Driver: The Significance Of Connected And Autonomous Mobility Vehicles (CAMVS) In Promoting Sustainable Transport

Who Are the Dominant Players Across Different Connected And Autonomous Mobility Vehicles Market Segments?
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

What Are the Latest Developing Trends in the Connected And Autonomous Mobility Vehicles Market?
Leading businesses in the connected and autonomous mobility vehicles market are stepping up their game by placing a greater emphasis on the development and introduction of third-generation autonomous driving systems to stay ahead in competition. This cutting-edge technology enables the vehicle to autonomously execute all aspects of driving under certain specific conditions and within a preset environment like highway driving. For example, May Mobility, an American autonomous vehicle tech firm, unveiled its third-generation autonomous driving system in March 2023. The system boasts of advanced sensors such as cameras, radars, and lidars which facilitate clearer and more precise object detection in the vehicle's vicinity compared to its predecessors. Additionally, it features an advanced communication system for effective co-ordination with human operators to maintain vehicle and passenger safety in difficult scenarios. The third-generation autonomous driving system by May Mobility incorporates the third-generation vision stack, advanced pedestrian modeling, tele-assist, on-vehicle traffic light detection, and other upgrades to enable the car to handle different scenarios and situations seamlessly. Added safety elements in the system include automatic emergency braking and lane departure warnings, designed to minimize accident risks.

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Which Geographic Regions Are Expected to Dominate the Connected And Autonomous Mobility Vehicles Market in the Coming Years?
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

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Connected And Autonomous Mobility Vehicles Market?
2. What is the CAGR expected in the Connected And Autonomous Mobility Vehicles Market?
3. What Are the Key Innovations Transforming the Connected And Autonomous Mobility Vehicles Industry?
4. Which Region Is Leading the Connected And Autonomous Mobility Vehicles Market?

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