Autonomous/Driverless Cars Market size was valued at USD 40 Billion in 2024 and is projected to reach USD 150 Billion by 2033, exhibiting a CAGR of 14.5% from 2026 to 2033.
The South Korea Autonomous/Driverless Cars Market is rapidly evolving, with major players and industries vying for dominance in the future of mobility. As the world’s technology landscape progresses, South Korea is becoming a key player in the development and adoption of driverless vehicles. The push toward autonomous vehicles (AVs) has been fueled by the country's emphasis on innovation, safety, and sustainability in transportation. The government, alongside private companies, is heavily investing in the market, setting ambitious goals to make autonomous driving a common sight in South Korea’s cities and highways by the next decade.
Currently, South Korea's Autonomous/Driverless Cars Market is driven by advancements in Artificial Intelligence (AI), machine learning, and robotics. These technologies are enabling vehicles to perceive their surroundings and make decisions without human intervention. One of the key requirements of the autonomous vehicle industry is the need for a robust infrastructure that supports communication between vehicles, pedestrians, and traffic management systems. This involves the development of 5G networks, smart road systems, and cloud computing. Furthermore, the rapid expansion of EV infrastructure to support electric autonomous vehicles is playing a pivotal role in the market's growth.
From an industry perspective, the demand for autonomous vehicles is seen across various sectors, including logistics, public transportation, and personal mobility. South Korean companies are focusing on integrating self-driving technology into commercial fleets, including taxis, delivery trucks, and buses, as well as personal vehicles. The need for safer, more efficient, and sustainable transportation solutions is pushing both the private and public sectors to collaborate on creating an environment where driverless cars can thrive. Additionally, the automotive industry is investing in smart sensors, lidar, and radar technologies to enhance the safety and performance of these vehicles.
The automotive market in South Korea is also shaping its future with the implementation of policies that favor the integration of autonomous driving. These policies aim to create a more conducive regulatory environment, ensuring that autonomous vehicles meet safety standards while encouraging innovation. One example is the introduction of testing grounds for AVs where companies can experiment with driverless technologies in a controlled environment. This allows manufacturers to fine-tune their systems before launching them in the broader market.
Overall, the South Korea Autonomous/Driverless Cars Market continues to expand, with technology and infrastructure requirements being met with innovative solutions. The country's focus on autonomous vehicles as part of its smart city initiatives positions it as a leader in the race for future transportation.
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Tesla
BMW
Daimler
BYD
Waymo
Volvo
Ford Motor
General Motors
Toyota
Nissan
Volkswagen
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Autonomous/Driverless Cars Market
Passenger Cars
Commercial Vehicles
Level 3 (Conditional Automation)
Level 4 (High Automation)
Level 5 (Full Automation)
Sensors
Software
Hardware
Control Units
LiDAR
Radar
Camera
Ultrasonic Sensors
Computer Vision
Ride-Hailing Services
Logistics and Delivery
Personal Transport
Public Transport
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Autonomous/Driverless Cars Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Autonomous/Driverless Cars Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Autonomous/Driverless Cars Market, By Type
6. South Korea Autonomous/Driverless Cars Market, By Application
7. South Korea Autonomous/Driverless Cars Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Autonomous/Driverless Cars Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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