Embedded Files
Semi-Autonomous & Autonomous Vehicles Market
The Semi-Autonomous & Autonomous Vehicles Market is expected to expand at a significant CAGR during the forecast period (2020-2027).
The factors driving the growth of Semi-Autonomous & Autonomous Vehicles Market includes growing adoption of advanced safety systems such as Automatic emergency braking, rapid growth in the connected infrastructure and increasing demand for Semi-Autonomous E-scooters. According to the report published by Bloomberg, the Global E-Scooter (Electric) Market is anticipated to reach USD 50.99 billion by the end of 2030, exhibiting a CAGR of 11.2% over the forecast period (2022-2030), which is expected to boost the market size in the approaching years. Moreover, the integration of advanced technologies such as Artificial Intelligence (AI), Machine Learning and Internet of Things (IoT), expansion of smart transportation sector and rapid urbanization, are some of the additional factors supplementing the Semi-Autonomous and Autonomous Vehicles Market size. In addition, the increasing investments by leading players on research and development related activities, growing emphasis on robo-taxis and rising disposable incomes, are further propelling the market growth.
However, the growth of Semi-Autonomous & Autonomous Vehicles Market is hindered due to high component and system cost
The prominent players operating in the market are NXP Semiconductor, ZF Friedrichshafen AG, Texas Instruments Incorporated, Continental AG, Denso Corporation, Robert Bosch GmbH, Magna International Inc, BorgWarner Inc, Infineon Technologies AG and Valeo, among others.
Level of Automation – Segment Analysis
Based on level of automation, the level 3 segment is expected to expand at a remarkable CAGR over the forecast period due to growing adoption of advanced driver assistance systems such as adaptive cruise control, and collision detection.
Fuel Type – Segment Analysis
Based on fuel type, the hybrid electric vehicle segment is projected to grow at a faster CAGR during the forecast period attributed to increasing sales of electric vehicles in the global markets, as per EV Volumes, the Electric Vehicles sales Internationally, has increased by 108% in 2021 to reach around 6,75 million units.
Regional – Segment Analysis
Based on region, the North American region is anticipated to capture a sizeable market share over the forecast period. The increase in the sales of luxury autonomous vehicles, strong penetration of advanced technologies in the automotive industry and high per-capita incomes, are some of the important factors augmenting the market growth in Nort America.
Market Segmentation
Global Semi-Autonomous & Autonomous Vehicles Market by Level of Automation
Level 1
Level 2
Level 3
Level 4
Level 5
Global Semi-Autonomous & Autonomous Vehicles Market by Component
Camera
LiDAR
Radar
Ultrasonic Sensor
Others
Global Semi-Autonomous & Autonomous Vehicles Market by Fuel Type
Internal Combustion Engine (ICE)
Hybrid Electric Vehicle (HEV)
Battery Electric Vehicle (BEV)
Global Semi-Autonomous & Autonomous Vehicles Market by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com
Page updated
Google Sites
Report abuse