Autonomous Vehicle Market Forecast Segments, Leading Player, Application and Forecast Analysis

A Story by Sagar

An autonomous automobile, commonly referred to as a self-driving car, is a ground vehicle that can recognize its surroundings and travel safely with little to no human intervention.

Autonomous Vehicle Market was valued at 22.99 Million Units in 2022, and it is expected to reach 55.12 Million Units by 2029, exhibiting a CAGR of 13.3% during the forecast period (2023-2029)

Autonomous Vehicle Market Overview:

The Autonomous Vehicle market study gives a comprehensive view of the competition, including the market share and company profiles of the major global competitors. The scope of the research includes a full examination of the Autonomous Vehicle Market, as well as the reasons for variations in the industry's growth between regions.

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Market Scope:

Following the completion of market engineering, which included market statistics computations, market size estimations, market forecasts, market breakdown, and data triangulation, extensive primary research was done to gather information and verify and validate important numbers. To undertake market estimating and forecasting for the overall market segments and sub-segments described in this research, top-down and bottom-up tactics, as well as different data triangulation procedures, were often employed throughout the market engineering process. Extensive qualitative and quantitative analysis is performed on all data obtained during the market engineering process in order to provide essential information throughout the report.

Segmentation:

by Component

Camera Unit
LiDAR
Radar Sensor
Ultrasonic Sensor
Infrared Sensor

by Electric Vehicle

Battery Electric Vehicles (BEV)
Hybrid Electric Vehicles (HEV)
Plug-in Hybrid Electric Vehicle (PHEV)
Fuel Cell Electric Vehicle (FCEV)

by Mobility Type

Shared Mobility
Personal Mobility

by Level of Autonomy

L1
L2
L3
L4
L5

by Vehicle Type

Semi-Autonomous
Fully Autonomous

Key Players:

Market leaders are identified by primary and secondary research, and market revenue is calculated using primary and secondary research. The core study included in-depth interviews with key thought leaders and industry experts such as experienced front-line personnel, CEOs, and marketing executives. In-depth interviews with important thought leaders and industry experts, such as experienced front-line personnel, CEOs, and marketing executives, were conducted as part of primary research, while secondary research included a review of the major manufacturers' annual and financial reports. Secondary data is utilized to calculate percentage splits, market shares, growth rates, and global market breakdowns, which are then verified against primary data.

The biggest players in the Autonomous Vehicle market are as follows:

1.Delphi
2.Ford Motors
3.Tesla
4.Alphabet
5.Intel
6.Daimler Group
7.Baidu
8.Google
9.Volkswagen
10.Jaguar
11.BMW
12.General Motors
13.Toyota
14.AB Volvo
15.Autoliv
16.Bosch
17.Renault-Nissan-Mitsubishi alliance
18.Audi AG
19.General Motors Company
20.Honda Motor Co., Ltd.
21.Nissan Motor Company

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Regional Analysis:

Individual market influencing components and changes in market laws impacting current and future market trends are also covered in the Autonomous Vehicle market analysis regional overview. Current and future trends are studied in order to evaluate the overall market potential and find profitable patterns in order to get a firmer footing. The geographical market evaluation is based on the current environment and anticipated trends.

COVID-19 Impact Analysis on Autonomous Vehicle Market:

Due to a break in operations, end-user sectors where Autonomous Vehicle are used suffered a drop in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, and Spain, France, and India. As a result, the revenues of enterprises in these industries fell significantly, as did the demand for Autonomous Vehicle manufacturers, impacting the growth of the Autonomous Vehicle market in 2020. Lockdowns and a surge in COVID-19 events globally have severely reduced end-user business demand for Autonomous Vehicle.

Key Questions Answered in the Autonomous Vehicle Market Report are:

In 2021, which segment held the highest proportion of the Autonomous Vehicle market?
What is the Autonomous Vehicle market's competitive landscape?
What are the primary drivers assisting Autonomous Vehicle market growth?
Which region has the most market share in the Autonomous Vehicle market?
What will be the Autonomous Vehicle market's CAGR throughout the projected period (2022-2027)?

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