Autonomous Vehicles Market Is To Grow By USD 319.4 Billion From 2022 To 2027- Technavio

Company Offering:

• AB Volvo -
  The company offers autonomous vehicles such as Volvo autonomous trucks.
• Alphabet Inc. -
  The company offers autonomous vehicles through its brand Waymo.
  
• Baidu Inc. -
  The company offers autonomous vehicles through its brand Apollo.
  
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By Geography, the market is classified as North America, Europe, APAC, South America, and Middle East and Africa.

• North America
  is estimated to
  account for
  37%
  of the global market growth during
  the forecast period. In
  2022, the US took the lead in the North American autonomous vehicles market, with Canada and Mexico also making notable contributions. The shift towards autonomous technology in the region is primarily propelled by the increasing demand for safety and convenience.
  

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• Impactful driver-
  Automotive OEMs' emphasis on achieving autonomous vehicles
• Key Trend - The trend of utilizing autonomous vehicles for cab and parcel delivery services
• Major Challenges
  -
  High driver distraction with an increase in vehicle automation

Market Segmentation

• The autonomous car market
  share growth by the
  transportation and logistics segment will be significant during the forecast period.
  The utilization of autonomous vehicles in logistics is poised for significant growth in the coming forecast period. Numerous manufacturers, autonomous technology developers, and system integrators have been actively assessing the commercial feasibility of fully autonomous buses for transportation and logistics purposes. Various operational models, including line-based transit and shuttle services, among others, are being explored for autonomous buses. The emergence of novel public transportation modes is anticipated to disrupt the traditional bus transit system, serving as a catalyst for the adoption of fully autonomous transportation vehicles. Initially, fully autonomous buses are likely to be deployed in the public transportation sector, primarily as mini-buses functioning as shuttles.

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Related Reports:

The
Global
Near Autonomous Passenger Car Market Size
is estimated to grow by
USD 294.81 billion
between 2022 and 2027
at a
CAGR of 38.23%.

The HD map for autonomous vehicles market is estimated to grow at a
CAGR of 31.48%
between 2022 and 2027. The size of the market is forecast to increase by
USD
5,384.84 million.

TOC:

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
Geography

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About US

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SOURCE Technavio

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