Autonomous Car Market Outlook 2031 Theindustrywas valued atUS$ 1.1 Trnin2021 It is estimated to grow at a CAGR of10.8%from 2022 to 2031 and reachUS$ 3.0 Trnby the end of2031 Analysts’ Viewpoint on Market Scenario Adoption of autonomous cars has been rising significantly across the globe....
North Americais estimated to contribute32%to the growth of the global autonomous vehicles market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. ...
Market Segmentation The market share growth by thepassenger car segmentwill be significant during the forecast period. The Autonomous Vehicle ECU market is primarily driven by the integration of advanced safety and convenience features in passenger cars. Lane departure monitoring, collision avoidance, and...
Autonomous vehicle market to reach $448.6 billion by 2035, By Level 5 level of automation to rise at 25.1% CAGR.
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Benefits associated with autonomous cars has been instrumental in driving the growth of the market. However...
North America autonomous vehicle sensors market value occupied almost USD 142 million in 2022 Asia-Pacific autonomous vehicle sensors market growth will record a CAGR of over 62% from 2023 to 2032 Among vehicle type, the cars sub-segment generated over US$ 201 million revenue in 2022 Based on...
The Autonomous Vehicle (AV) market is accelerating at breakneck speed. On the fast lane to growth, it’s projected to reach $5 trillion in 2031, with a CAGR of 36.3%. Despite being set back by the pandemic, the future of autonomous vehicles is poised to change the way we move in a ...
its "Chips Act," the EU aims to strengthen Europe's strategic autonomy and security in the chip domain. To realize this vision, the EU has allocated a substantial EUR 3.3 billion (USD 3.69 billion) for research and innovation in the chip industry, a move anticipated to spur market growth....
According to the National Highway Traffic Safety Administration, autonomous cars are segmented under six levels of autonomy, from Level 0 to Level 5. The following table explains the autonomy levels in the vehicles.Autonomous Vehicles Market Size And Growth...
The L4 autonomous driving market trends are as follows: Innovation to drive market growth The automotive manufacturers are constantly striving for innovation in order to meet the rising demand from consumers. Besides, the autonomous vehicles, being the future of mobility and would work without any hu...