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Autonomous Cars Market

Autonomous Cars Market Size, Share and Segmentation by Type (Semi-Autonomous cars, Fully-Autonomous cars), by Autonomy Level (Level 1, Level 2, Level 3, Level 4), by Vehicle Type (Passenger cars, Commercial vehicles), by Regions and Global Market Forecast 2023-2030

Report Id: SNS/AUTO/1213 | May 2022 | Region: Global | 120 Pages

Report Scope & Overview:

Autonomous cars Market Size was valued at USD 2.46 billion in 2022 and is expected to reach USD 22.75 billion by 2030 and grow at a CAGR of 32% over the forecast period 2023-2030.

An autonomous vehicle is one that can drive itself without the assistance of a human. Depending on the extent of automation, many types of self-driving or autonomous vehicles are developed. Level 0 (completely manual) through Level 4 (totally automated) (fully autonomous). Computer vision functions, as well as actuators and complicated sensors, are used to generate a constantly updated map of their surroundings, detecting the presence of nearby vehicles and pedestrians, detecting uneven surfaces on road sidewalks, and measuring distances.

Autonomous cars Market Revenue Graph

Although autonomous vehicles can be linked to external devices like smart traffic lights and highways, many are yet conceptual. Self-driving automobiles are also known as robotic or driverless cars. Although autonomous vehicle technology has progressed, it is still a niche means of transportation with numerous barriers to adoption. Some technology, in particular, are prohibitively expensive to incorporate into a self-driving automobile, making the total cost prohibitively high to make public. Radar and Lidar work for prototypes, however, if mass production is attained, frequency and signals may interfere.



  • Increasing research and development activity for self-driving vehicles.

  • Auto-tech investment is increasing.

  • Government efforts that help.

  • Adoption of the ADAS platform on a large scale.

  • LiDAR technology advancement.


  • The large first investment may limit expansion.

  • The considerable risk of hackers gaining unauthorized access to system data and vehicle functions could stifle market expansion.


  • These cars are being designed to reduce human-caused accidents, reduce traffic congestion, and provide hassle-free transportation.

  • The rise of ride-sharing will be aided by the development of driverless vehicles.


  • Autonomous vehicles are expensive.

  • Safety and security.

  • Infrastructure deficits in developing nations.

  • The existing autonomous car regulations have a significant gap.


The COVID-19 dilemma is causing market uncertainty by reducing logistics services, stifling business growth, and instilling fear in customer segments. Governments in many regions declared absolute lockdown and temporarily shut down industries, resulting in border restrictions that hampered transportation and logistics services movement. Following the COVID-19 health crisis, the global corporate perspective has shifted radically. Furthermore, market operators' overall service activities have decreased as a result of a sharp drop in demand for cash to prevent contamination risks. These variables could have a good impact on the autonomous car market, boosting economic activity across the board.


Audi AG, Google LLC, Honda Motor Co., Ltd.; Nissan Motor Company; Tesla; Toyota Motor Corporation; Uber Technologies, BMW AG, Daimler AG, Ford Motor Company, General Motors, Nissan Motors Co., Ltd., Tesla, Inc., Robert Bosch GMBH, Aptiv, Continental AG, Denso CorporationHonda Motor Co., Ltd., Toyota Motor Corporation, and Volkswagen AG are some of the affluent competitors with significant market share in the autonomous cars market.


Market, By Type:

The market is divided into two types: fully autonomous vehicles and semi-autonomous vehicles. Because it comprises several ADAS components, the semi-autonomous Vehicles sector has a considerable portion of the market. Because of government guidelines about implementing driver assistance systems, automatic emergency braking is the fastest-growing sub-segment in the Autonomous Cars Market.

Market, By Level of Autonomy:

According to the Autonomy Level, the global market is divided into Level 1, Level 2, Level 3, and Level 4. In the autonomous vehicle sector, Level-1 cars account for more than 90% of the market. The growing concern about automobile safety around the world is driving this market. The government in each region is always working to improve vehicle safety by requiring the adoption of Advanced Driving Assistance Systems (ADAS) in automobiles.

Market, by Vehicle Type:

The market is divided into two types of vehicles: passenger cars and commercial vehicles. Because of increased urbanization, strong demographic development, improved living conditions, and increasing purchasing power, the passenger automobile category occupies a major proportion of the market. Commercial vehicles, on the other hand, are the market's fastest-growing category.


By Type:

  • Semi-Autonomous cars

  • Fully-Autonomous cars

By Autonomy Level:

  • Level 1

  • Level 2

  • Level 3

  • Level 4

By Vehicle Type:

  • Passenger cars

  • Commercial vehicles

Autonomous cars Market Segment Chart


North America, Europe, Asia Pacific, and the Rest of the World make up the Global Autonomous Cars Market. Because of the growing number of premium autonomous vehicles and safety concerns, the North American region has a significant portion of the industry. Whereas the Asia Pacific is the fastest-growing area in the industry, owing to changing consumer tastes and increased vehicle usage, which is chevalier the market growth of autonomous cars.

Furthermore, the region's rising demand for semi-autonomous vehicles, particularly in the United States and Canada, is likely to boost market growth. Increased investment from technical innovators is also predicted to catapult the region to the forefront of autonomous vehicle adoption, ahead of Europe and the Asia Pacific.


  • North America

    • The USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • The UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Autonomous Cars Market Report Scope:
Report Attributes Details
Market Size in 2022 US$ 2.46  Billion

Market Size by 2030

US$ 22.75   Billion
CAGR CAGR of 32% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Type (Semi-Autonomous cars, Fully-Autonomous cars),
• by Autonomy Level (Level 1, Level 2, Level 3, Level 4)
• by Vehicle Type (Passenger cars, Commercial vehicles)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Audi AG, Google LLC, Honda Motor Co., Ltd.; Nissan Motor Company; Tesla; Toyota Motor Corporation; Uber Technologies, BMW AG, Daimler AG, Ford Motor Company, General Motors, Nissan Motors Co., Ltd., Tesla, Inc., Robert Bosch GMBH, Aptiv, Continental AG, Denso Corporation, Honda Motor Co., Ltd., Toyota Motor Corporation, and Volkswagen AG
Key Drivers •Increasing research and development activity for self-driving vehicles.

•Auto-tech investment is increasing.
RESTRAINTS •The large first investment may limit expansion.

•The considerable risk of hackers gaining unauthorized access to system data and vehicle functions could stifle market expansion.

Frequently Asked Questions (FAQ) :

Table of Contents


1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions


2. Research Methodology


3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges


4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World


5. Value Chain Analysis


6. Porter’s 5 forces model


7.  PEST Analysis


8. Global Autonomous cars Market Segmentation, by Type

8.1 Semi-Autonomous cars

8.2 Fully-Autonomous cars


9. Global Autonomous cars Market Segmentation, by Autonomy Level

9.1 Level 1

9.2 Level 2

9.3 Level 3

9.4 Level 4


10. Global Autonomous cars Market Segmentation, by Vehicle Type

10.1 Passenger cars

10.2 Commercial vehicles


11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 the USA

11.2.2  Canada

11.2.3  Mexico

11.3 Europe

11.3.1  Germany

11.3.2  the UK

11.3.3  France

11.3.4  Italy

11.3.5  Spain

11.3.6  The Netherlands

11.3.7  Rest of Europe

11.4 Asia-Pacific

11.4.1  Japan

11.4.2  South Korea

11.4.3  China

11.4.4  India

11.4.5  Australia

11.4.6  Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1  Israel

11.5.2  UAE

11.5.3  South Africa

11.5.4  Rest

11.6 Latin America

11.6.1  Brazil

11.6.2  Argentina

11.6.3  Rest of Latin America


12. Company Profiles

12.1 Google LLC,

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Audi AG

12.3 Honda Motor Co., Ltd.

12.4 Nissan Motor Company

12.5 Toyota Motor Corporation

12.6 Uber Technologies

12.7 BMW AG

12.8 Daimler AG

12.9 Ford Motor Company

12.10 General Motors

12.11 Nissan Motors Co., Ltd.

12.12 Tesla, Inc.

12.13 Toyota Motor Corporation

12.14 Volkswagen AG.

12.15 Robert Bosch GMBH

12.16 Aptiv

12.17 Continental AG

12.18 Denso Corporation 


13. Competitive Landscape

13.1 Competitive Benchmarking

13.2 Market Share analysis

13.3 Recent Developments


14. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of a good and accurate research report and selecting the best methodology to complete the research is the toughest part. Since the research reports, we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach a stage wherein we can provide our clients best and most accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research as the name suggests is a research process wherein, we collect data through readily available information. In this process, we use various paid and unpaid databases to which our team has access and gather data through the same. This includes examining listed companies’ annual reports, Journals, SEC filling, etc. Apart from this, our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various universities as well as individual libraries.

Secondary Research

Step 2: Primary Research

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This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses, and observation of on-field participants. The below-mentioned chart should give a better understanding of part 1 of the primary interview.

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