NEW YORK, Dec. 7, 2022 /PRNewswire/ — The global autonomous vehicles market has been categorized as a part of the global auto parts and equipment market. The parent market, the global auto parts and equipment market, covers companies engaged in the production of vehicles such as passenger cars, commercial vehicles, and all-terrain vehicles.
The autonomous vehicles market size is forecasted to grow by USD 319.41 billion from 2022 to 2027. The market is estimated to grow at a CAGR of 38.45{09e594db938380acbda72fd0ffbcd1ef1c99380160786adb3aba3c50c4545157} during the forecast period, according to Technavio. Download a sample
Autonomous vehicles market 2023-2027: Competitive analysis
The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies, growth strategies, product innovations, new product launches, investments, and growth in market share, among others. Buy the report
Autonomous vehicles market 2023-2027: Scope
The autonomous vehicles market report covers the following areas:
Autonomous vehicles market 2023-2027: Vendor landscape
The market is fragmented, with the presence of major market participants. Autonomous vehicle manufacturers are working on developing prototypes as per the demands of customers. Prominent vendors are expected to focus on exploring multiple revenue enablers, such as rental services, during the forecast period. Moreover, tier-2 and tier-3 suppliers provide components such as sensors, actuators, and batteries.
AB Volvo, Alphabet Inc., Amazon.com Inc., Baidu Inc., BMW AG, Continental AG, Ford Motor Co., General Motors Co, Honda Motor Co. Ltd, Hyundai Motor Co, Intel Corp., Mercedes Benz Group AG, Navistar International Corp., Renault SAS, Robert Bosch GmbH, Stellantis NV, Tesla Inc., Toyota Motor Corp., and Volkswagen AG are among some of the major market participants.
Autonomous vehicles market 2023-2027: Segmentation
The transportation and logistics segment will contribute significantly to the growth of the global market during the forecast period. The use of autonomous vehicles for logistics is expected to grow rapidly. In addition, many manufacturers, autonomous technology developers, and system integrators are evaluating the commercial viability of fully autonomous buses for transportation and logistics. Various operational modes, such as line-based transit and shuttle services, are under consideration for autonomous buses.
North America is estimated to account for 37{09e594db938380acbda72fd0ffbcd1ef1c99380160786adb3aba3c50c4545157} of the market’s growth during the forecast period. The region is transitioning from light-duty vehicles to autonomous technology owing to the rising demand for safety and convenience. This indicates a potential opportunity for advanced technologies. The US, Canada, and Mexico are expected to be the major contributors to the autonomous vehicles market in the region.
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What are the key data covered in this autonomous vehicles market report?
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CAGR of the market during the forecast period
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Detailed information on factors that will drive the growth of the autonomous vehicles market between 2023 and 2027
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Precise estimation of the size of the autonomous vehicles market size and its contribution to the parent market
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Accurate predictions about upcoming trends and changes in consumer behavior
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Growth of the autonomous vehicles market across APAC, North America, Europe, Middle East and Africa, and South America
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Thorough analysis of the market’s competitive landscape and detailed information about vendors
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Comprehensive analysis of factors that will challenge the growth of autonomous vehicles market vendors
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Autonomous bus market growth, size, trends, analysis report by type, application, region, and segment forecast 2022-2026: The autonomous bus market size is expected to increase by 3679 million units from 2021 to 2026. This report extensively covers segmentation by type (fully autonomous and semi-autonomous) and geography (North America, Europe, APAC, South America, and Middle East and Africa).
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Autonomous Vehicles Market Scope |
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Report Coverage |
Details |
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Page number |
174 |
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Base year |
2022 |
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Historical year |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 38.45{09e594db938380acbda72fd0ffbcd1ef1c99380160786adb3aba3c50c4545157} |
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Market growth 2023-2027 |
USD 319.41 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023 ({09e594db938380acbda72fd0ffbcd1ef1c99380160786adb3aba3c50c4545157}) |
37.22 |
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Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
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Performing market contribution |
North America at 37{09e594db938380acbda72fd0ffbcd1ef1c99380160786adb3aba3c50c4545157} |
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Key consumer countries |
US, China, Japan, Germany, and France |
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Competitive landscape |
Leading companies, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Companies profiled |
AB Volvo, Alphabet Inc., Amazon.com Inc., Baidu Inc., BMW AG, Continental AG, Ford Motor Co., General Motors Co, Honda Motor Co. Ltd, Hyundai Motor Co, Intel Corp., Mercedes Benz Group AG, Navistar International Corp., Renault SAS, Robert Bosch GmbH, Stellantis NV, Tesla Inc., Toyota Motor Corp., and Volkswagen AG |
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Market Dynamics |
Parent Market Analysis; Market growth inducers and obstacles; Fast-growing and slow-growing segment analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Vehicle Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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