Autonomous Vehicle Market 2024: Trends, Growth & Future Outlook - Major Companies are AB Volvo, BMW AG, Daimler AG.

The Global Autonomous Vehicle Market reached Significant at a CAGR of 35.7% during the forecast period (2024-2031).

The Autonomous Vehicle Market is extensively analyzed in the latest study by DataM Intelligence, delivering a well-rounded assessment backed by reliable statistics, historical data, and strategic insights. This report profiles leading industry players, examining their product offerings, pricing strategies, financial health, and growth initiatives. It offers a clear perspective on market dynamics, competitive landscape, and emerging trends that are set to shape the industry's future.

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The Autonomous Vehicle (AV) Market refers to the industry involved in the development, production, and deployment of self-driving vehicles capable of navigating and operating without human intervention. These vehicles use advanced technologies such as AI, machine learning, sensors (LiDAR, radar, cameras), and IoT to perceive their environment and make driving decisions.

The market includes:

Passenger autonomous cars (e.g., Tesla, Waymo)

Autonomous trucks & logistics vehicles (e.g., TuSimple, Aurora)

Robo-taxis & shared mobility services (e.g., Cruise, Baidu Apollo)

Autonomous farming & mining equipment

List of the Key Players in the Autonomous Vehicle Market:

AB Volvo, BMW AG, Daimler AG, Ford Motor Company, General Motors, Honda Motor Co., Ltd., Nissan Motors Co., Ltd., Tesla, Inc., Toyota Motor Corporation and Volkswagen AG.

Autonomous Vehicle Industry Development:

Regulatory Approvals & Expansions

Waymo received approval for fully driverless rides in Los Angeles and Austin.

Cruise (GM) resumed testing in Phoenix with human safety drivers after a suspension.

Advancements in AI & Sensor Tech

Tesla's Full Self-Driving (FSD) v12 uses end-to-end neural networks for improved decision-making.

NVIDIA's Drive Thor integrates generative AI for better real-time processing.

Autonomous Trucking Growth

Aurora & Volvo partnered to deploy autonomous semi-trucks by 2027.

Kodiak Robotics expanded its self-driving freight routes in Texas.

Robotaxi Services Expansion

Baidu Apollo launched fully autonomous taxis in Wuhan, China.

Zoox (Amazon) began testing driverless rides in Las Vegas.

Research Methodology

Our research methodology combines both qualitative and quantitative approaches to provide you with a thorough market analysis. We begin by gathering data from trusted industry reports and databases (secondary research), followed by primary research through surveys and interviews with key experts. We then apply advanced statistical tools to analyze the data, uncover trends, and assess market dynamics. Additionally, we use market segmentation and Porter's Five Forces analysis to evaluate competition. This approach ensures that the insights we provide are reliable, actionable, and tailored to support your decision-making process.

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Segment Covered in the Autonomous Vehicle Market:

By System: Adaptive Cruise Control (ACC), Adaptive Front Light (AFL), Automatic Emergency Braking (AEB), Blind Spot Detection (BSD), Cross Traffic Alert (CTA), Driver Monitoring System (DMS), Forward Collision Warning (FCW), Intelligent Park Assist (IPA), Lane Departure Warning (LDW), Night Vision System (NVS), Pedestrian Detection System (PDS), Road Sign Recognition (RSR), Tire Pressure Monitoring System (TPMS), Traffic Jam Assist (TJA), Others

By Component: Camera Unit, LiDAR, Radar Sensor, Ultrasonic Sensor, Infrared Sensor, Others

By Mobility Type: Shared Mobility, Personal Mobility

By Level of Autonomy: L1, L2, L3, L4, L5

By Propulsion Type: Semi-Autonomous, Fully Autonomous

By Vehicle Type: Passenger, Commercial

By Application: Civil, Defense, Transport & Logistics, Construction, Others

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, Market Access, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Regional Analysis for Autonomous Vehicle Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Autonomous Vehicle market?

➠ Who are the global key manufacturers of the Autonomous Vehicle Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Autonomous Vehicle market opportunities and threats faced by the vendors in the global Autonomous Vehicle Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Autonomous Vehicle market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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