Connected And Autonomous Mobility Vehicles Market Landscape 2025: Forecast Data and Growth Strategy Insights

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What Is the Expected CAGR for the Connected And Autonomous Mobility Vehicles Market Through 2025?
In recent times, the market size for connected and autonomous mobility vehicles has seen a phenomenal expansion. It's set to increase from $197.56 billion in 2024 to $290.62 billion in 2025 at an impressive compound annual growth rate (CAGR) of 47.1%. The unprecedented growth in the historic phase owes to the launching of sophisticated driver assistance systems (adas), the advancement of GPS and navigation systems, initial autonomy-oriented research and development, revolutionary autonomous vehicle projects, and the transition towards mobility as a service (maas).

What's the Projected Size of the Global Connected And Autonomous Mobility Vehicles Market by 2029?
Predictions indicate a tremendous surge in the connected and autonomous mobility vehicles market in the upcoming years, estimated to reach a value of $1180.29 billion by 2029, expanding at a compound annual growth rate (CAGR) of 42.0%. The escalating growth in the predicted period is tied to factors such as growing consumer trust and acceptance, integration of urban mobility solutions, ongoing regulatory advancements, rising uptake of on-demand services, evolution of v2x communication, and the proliferation of electric and hybrid vehicles. Key trends for the forecasted period encompass an increase in consumer acceptance and adoption, advancement in urban mobility solutions, improvements in sensor technologies, regulatory backing and standards, upward trend in on-demand mobility services, and the further progression of v2x communication.

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Top Growth Drivers in the Connected And Autonomous Mobility Vehicles Industry: What's Accelerating the Market?
Anticipated growth in the connected and autonomous mobility vehicles market is linked to the escalating number of traffic accidents globally. Traffic accidents, which are incidents resulting in property damage or personal injury, frequently involve a moving vehicle. The advent of connected and autonomous vehicles (CAVs) has introduced the potential for accident prevention and mitigation through automated evasive actions, driver attention monitoring, and vehicle control takeover in cases where the driver is distracted. For instance, World Health Organization data from December 2023 reported approximately 1.19 million global traffic-related fatalities, noting a minor increase in the European Union from 20,196 in 2022 to 20,400. These escalating accident numbers provide impetus for the connected and autonomous mobility vehicle market's growth. Primary Market Driver of Connected And Autonomous Mobility Vehicles: Advancing Sustainable Transport through Connected And Autonomous Mobility Vehicles (CAMVS)

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What Trends Will Shape the Connected And Autonomous Mobility Vehicles Market Through 2029 and Beyond?
Significant businesses in the connected and autonomous mobility vehicles market are shifting their attention towards the development of third-generation autonomous driving systems to gain a competitive advantage. Third-generation autonomous driving systems are defined as systems where the vehicle can autonomously navigate all aspects of driving under specific conditions within a predefined environment, such as highway driving. For instance, May Mobility, an autonomous vehicle technology company based in the US, unveiled its third-generation autonomous driving system in March 2023. This system is loaded with sophisticated sensors like cameras, radars, and lidars that help the vehicle identify objects in its environment more precisely and accurately than its predecessors. The system also features an enhanced communication setup that facilitates collaboration with human operators, ensuring the safety of the vehicle and its passengers, even in difficult situations. The third-generation autonomous driving system from May Mobility includes its third-generation vision stack, an upgraded pedestrian modeling, tele-assist, onboard traffic light detection, along with other advancements that help the vehicle navigate different scenarios without any unfortunate incidents. Moreover, the system integrates several safety elements, such as automatic emergency braking and lane departure warning, aiming to minimize the likelihood of accidents.

What Are the Main Segments in the Connected And Autonomous Mobility Vehicles Market?
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 Top Companies are Driving Growth in the Connected And Autonomous Mobility Vehicles Market?
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

Which Regions Will Dominate the Connected And Autonomous Mobility Vehicles Market Through 2029?
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

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