L2 and L2+ Autonomous Driving Car Market was valued at USD 11.5 Billion in 2022 and is projected to reach USD 29 Billion by 2030, growing at a CAGR of 12.2% from 2024 to 2030.
The L2 and L2+ autonomous driving car market saw significant growth in 2022, reaching a market size of approximately USD 30 billion. The sector experienced a robust compound annual growth rate (CAGR) of 18% from 2022, driven by advancements in automotive technology and increasing consumer acceptance of semi-autonomous features. This growth trajectory reflects the escalating demand for enhanced safety and convenience features in vehicles, supported by regulatory push and advancements in sensor and AI technologies. By the end of 2023, the market is projected to exceed USD 35 billion, underscoring its dynamic expansion.
Opportunity analysis reveals substantial growth potential in emerging markets, particularly in regions like Asia-Pacific and Latin America, where increasing automotive adoption and favorable government policies are fueling demand. The rapid development of infrastructure and technology readiness in these regions presents significant opportunities for market penetration. Additionally, the integration of advanced driver assistance systems (ADAS) and improvements in machine learning algorithms are anticipated to drive further growth. As the automotive industry continues to evolve, the L2 and L2+ autonomous driving car market is expected to capture an even larger share, with expanding consumer bases and technological advancements playing pivotal roles in shaping the future landscape.
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Toyota Motor Corporation
Tesla
General Motors
Ford Motor Company
Geely
Mercedes-Benz
Bayerische Motoren Werke AG
Volkswagen
Honda Motor Company
Nissan
Hyundai Motor Company
BYD Company
Dongfeng Motor Corporation
FAW Group
NIO
Li Auto Inc
XPENG
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 Global L2 and L2+ Autonomous Driving Car Market
Commercial
Passenger
Based on Types the Market is categorized into Below types that held the largest L2 and L2+ Autonomous Driving Car market share In 2023.
L2 Autonomous Driving Car
L2+ Autonomous Driving Car
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global L2 and L2+ Autonomous Driving Car 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. Global L2 and L2+ Autonomous Driving Car Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global L2 and L2+ Autonomous Driving Car Market, By Type
6. Global L2 and L2+ Autonomous Driving Car Market, By Application
7. Global L2 and L2+ Autonomous Driving Car Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global L2 and L2+ Autonomous Driving Car Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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