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Semi-Autonomous Vehicle Market

Semi-Autonomous Vehicle Market Size, Share and Segmentation by Automation Level (Level 1, Level 2, Level 3), by Vehicle Type (Passenger car, Commercial vehicles), by Components (Camera, Ultrasonic sensor, LiDAR, Radar, Others), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/AUTO/1807 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Semi-Autonomous Vehicle Market Size was valued at USD 20.01 million in 2021 and is expected to reach USD 77.33 million by 2028 and grow at a CAGR of 21.3% over the forecast period 2022-2028.

Semi-autonomous cars are well-known for their ability to operate for longer periods of time with little or no human involvement. They are also capable of reversing, stopping, and increasing or decreasing their speed. The Semi-autonomous vehicles can also sense the driving circumstances, be able to park themselves, let the driver take control, control all of the safety-critical operations, and also provide enough transition time. It has been discovered that the working procedure of semi-autonomous vehicles always depends on the level of automation, as well as the technology of the vehicle. There has been a lot of interest in advanced driver assistance systems (ADAS) since they can assist the human driver in directing their vehicle's operation.

Semi-Autonomous Vehicle Market Revenue Graph

New models of the Toyota Mirai and Lexus LS, both manufactured by Toyota Motor Corporation, now come equipped with semi-autonomous driving capabilities. In order to provide help to drivers, it is able to monitor traffic patterns and obtain over-the-air (OTA) updates through deep learning.

MARKET DYNAMICS:

KEY DRIVERS: 

  • Enhancing the vehicle's safety features.

  • The rising need for more fuel-efficient vehicles is fueling the global market for semi-autonomous vehicles.

  • Escalating the need for a safe and efficient mode of transportation.

  • Increased use of modern technology in the automotive industry.

RESTRAINTS: 

  • Information technology may limit the growth of the semi-autonomous car sector.

  • High cost of semi-automated automobiles.

  • Semi-autonomous car sales could be hampered by poor communication infrastructure.

OPPORTUNITIES: 

  • There are additional potential opportunities in the global market for connected cars in the predicted term.

  • Manufacturers have greater prospects due to the rapid advancement of innovative technologies & features.

CHALLENGES: 

  • Due to a general lack of familiarity with advanced features, the market may encounter difficulties in the future.

  • The global market may be challenged by the product's high price.

IMPACT OF COVID-19:

One of the numerous growing markets affected by the current COVID-19 epidemic is the semi-autonomous car business. Global sales increased significantly in the year before, but the rapid appearance of the global pandemic has slowed this year's global market growth. It is expected that many regions will limit transportation, manpower, productivity, and sales by half by 2020. Many investors have demonstrated a lack of interest in the semi-autonomous car product as a result of these global restrictions.

Therefore, various safety precautions have been established by the global semi-autonomous vehicle market to remove all the growing problems in the global pandemic. When the lockdown was restored in all locations, it signified its growth objectives on a wide scale.

KEY MARKET PLAYERS:

Audi AG; BMW AG; Continental AG; Honda Motor Corporation; Daimler AG (Mercedes Benz); Valeo S.A.; Ford Motor Company; General Motors; Nissan Motor Company; Toyota Motor Corporation; Volvo Car Corporation; Volkswagen AG are some of the affluent competitors with significant market share in the Semi-Autonomous Vehicle Market.

MARKET ESTIMATION: 

Market, By Automation Level:

Based on the automation level segment, the global market has been divided into level 1, level 2, and level 3. In 2021, the semi-autonomous vehicle market's biggest volume share was held by the level 1 automation category, which is expected to grow at a CAGR of 22.0 percent between 2021 and 2028. The ability to provide advanced driver assistance systems at Level 2 automation will account for a considerable portion of the market by 2021. (ADAS).

Market, By Vehicle Type:

The global market has been divided into passenger cars and commercial vehicles based on the material segment. In 2021, passenger automobiles had a 73.90% volume share. A large number of passenger automobiles and the desire to improve the driving experience support semi-automated vehicles. Semi-autonomous technology helps drivers negotiate traffic and abrupt curves safely and effectively, reducing driver stress.

Market, By Components:

The global market has been divided into Camera, Ultrasonic sensors, LiDAR, Radar, and Others based on the components. The combination of all of these factors is helping to generate a bigger market share for semi-autonomous vehicles throughout the course of the projection period.

MARKET SEGMENTATION:

By Automation Level:

  • Level 1

  • Level 2

  • Level 3

By Vehicle Type:

  • Passenger car

  • Commercial vehicles

By Components:

  • Camera

  • Ultrasonic sensor

  • LiDAR

  • Radar

  • Others

Semi-Autonomous Vehicle Market Segment Chart

REGIONAL ANALYSIS:

The market for semi-autonomous vehicles around the world may be broken down into four primary regions: Asia-Pacific, Europe, North America, and the Rest of the world. Because of factors such as the rising demand for high-end automobiles, the high disposable income per capita, and the sizeable customer base, the market in North America is expected to take the lead in the global market for semi-autonomous vehicles throughout the time covered by the estimate. In addition, it is anticipated that the Asia-Pacific area would generate market value for semi-autonomous vehicles during the course of the forecast. This is due to the rising focus of global technology innovators on commercializing, investing in, and testing semi-autonomous technology. Additionally, the growing awareness about the importance of vehicle safety in a number of these countries is contributing to this region's expansion of the value of the market for semi-autonomous vehicles.

REGIONAL COVERAGE:

  • 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

Semi-Autonomous Vehicle Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 20.01 Million
Market Size by 2028 US$ 77.33 Million
CAGR CAGR of 21.3% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Automation Level (Level 1, Level 2, Level 3), by Vehicle Type (Passenger car, Commercial vehicles)
• by Components (Camera, Ultrasonic sensor, LiDAR, Radar, Others)
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; BMW AG; Continental AG; Honda Motor Corporation; Daimler AG (Mercedes Benz); Valeo S.A.; Ford Motor Company; General Motors; Nissan Motor Company; Toyota Motor Corporation; Volvo Car Corporation; Volkswagen AG
Key Drivers •Enhancing the vehicle's safety features.

•The rising need for more fuel-efficient vehicles is fueling the global market for semi-autonomous vehicles.
RESTRAINTS •Information technology may limit the growth of the semi-autonomous car sector.

•High cost of semi-automated automobiles.


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 the Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Global Semi-Autonomous Vehicle Market Segmentation, By Automation Level

8.1 Level 1

8.2 Level 2

8.3 Level 3

 

9. Global Semi-Autonomous Vehicle Market Segmentation, By Vehicle Type

9.1 Passenger car

9.2 Commercial vehicles

 

10. Global Semi-Autonomous Vehicle Market Segmentation, by Components

10.1 Camera

10.2 Ultrasonic sensor

10.3 LiDAR

10.4 Radar

10.5 Others

 

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 Ford Motor Company (US),

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 BMW AG

12.4 Continental AG

12.5 Honda Motor Corporation

12.6 Daimler AG (Mercedes Benz)

12.7 Valeo S.A

12.8 General Motors

12.9 Nissan Motor Company

12.10 Toyota Motor Corporation

12.13 Volvo Car Corporation

12.14 Volkswagen AG

 

13. Competitive Landscape

13.1 Competitive Benchmarking

13.2 Market Share analysis

13.3 Recent Developments

 

14. Conclusion

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of 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 university as well as individual libraries.

Secondary Research

Step 2: Primary Research

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