HOME Top Market Reports Autonomous Vehicle Market for Luxury Segment by Body Type (Sedan/Hatchback & SUV), End User (Personal Mobility & Car Sharing), Fuel Type (BEV, Hybrid, ICE, & FCEV), Component (Radar, LiDAR, & Biometric Sensors) and Region - Global Forecast to 2030

Autonomous Vehicle Market for Luxury Segment by Body Type (Sedan/Hatchback & SUV), End User (Personal Mobility & Car Sharing), Fuel Type (BEV, Hybrid, ICE, & FCEV), Component (Radar, LiDAR, & Biometric Sensors) and Region - Global Forecast to 2030

By: marketsandmarkets.com
Publishing Date: October 2017
Report Code: AT 5664

 

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The autonomous vehicle market for luxury segment, in terms of volume, is projected to grow at a CAGR of 35.35% from 2025 to 2030. The market is projected to be 27,906 Units by 2025 and is projected to reach 126,774 Units by 2030. The report analyzes and forecasts the market size, in terms of volume, for the autonomous vehicle market for luxury segment. The report segments the autonomous vehicle market for luxury segment and forecasts its size, by volume, on the basis of region, fuel type, body type, and end-user. The market size, in terms of value, is projected for the component segments only. The report also provides a detailed analysis of various forces acting in the market such as drivers, restraints, opportunities, and challenges. It strategically profiles the key players and comprehensively analyzes their core competencies. It also tracks and analyzes competitive developments such as joint ventures, mergers & acquisitions, new product launches, expansions, and other activities carried out by key industry participants.

The research methodology used in the report involves various secondary sources such as China Association of Automobile Manufacturers (CAAM), European Automobile Manufacturers Association (EAMA), Japan Automobile Manufacturers Association (JAMA), Canadian Automobile Association (CAA), and Korea Automobile Manufacturers Association (KAMA). Experts from OEMs and suppliers have been interviewed to understand the future trends in the autonomous vehicle market for luxury segment. The top-down approach has been used to estimate and validate the size of the global market. The market size, by volume, is derived by identifying the region-wise production volumes and analyzing the demand trends. The same approach has been followed to estimate the size of the autonomous luxury vehicle market by component, in terms of value and volume. The average number of components per vehicle has been considered for calculating the market volume. The average selling price (ASP) of each component is multiplied by its volume, which gives the market size of components for autonomous luxury vehicles, in terms of value.

The figure given below illustrates the break-up of the profile of industry experts who participated in primary discussions.

Autonomous Vehicle Market for Luxury Segment

To know about the assumptions considered for the study, download the pdf brochure

The ecosystem of the autonomous vehicle market for luxury segment consists of OEMs such as Daimler (Germany), BMW (Germany), Tesla (US), and Audi (Germany). The report also discusses tier I suppliers such as Robert Bosch (Germany), Continental (Germany), Denso (Japan), and Delphi (UK).

Target Audience

  • Automobile manufacturers
  • Distributors and suppliers of automotive safety systems
  • Industry associations and automotive experts
  • LiDAR and Radar manufacturers
  • Automotive component manufacturers
  • Autonomous vehicle software providers
  • Cab service providers
  • Tier 1, Tier 2, and Tier 3 suppliers

Scope of the Report

  • By Body Type
    • Sedan/Hatchback
    • SUV
  • By Fuel Type
    • Battery Electric Vehicle (BEV)
    • Hybrid (HEV & PHEV)
    • Internal Combustion Engine (ICE) Vehicle
    • Fuel Cell Electric Vehicle (FCEV)
  • By Component Type
    • Biometric Sensors
    • Radar Sensors
    • LiDAR Sensors
    • Ultrasonic Sensors
    • Camera Unit
  • By End User
    • Car Sharing
    • Personal Mobility
  • By Region
    • Asia Pacific
    • Europe
    • North America
    • Rest of the World

Available Customizations

MarketsandMarkets offers the following customizations for this market report:

  1. Detailed analysis and profiling of additional countries (up to 3)
  2. Detailed analysis and profiling of additional market players (up to 3)
  3. Detailed analysis of component types by country wise.

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Market Segmentation
    1.4 Currency
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Secondary Sources
                    2.1.1.2 Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Sampling Techniques & Data Collection Methods
                    2.1.2.2 Primary Participants
    2.2 Factor Analysis
           2.2.1 Introduction
           2.2.2 Demand-Side Analysis
                    2.2.2.1 Increasing Traffic Congestion Due to Rising Urbanization Around the Globe
                    2.2.2.2 Impact of Disposable Income on Vehicle Sales
                    2.2.2.3 Growth in Luxury Vehicle Sales
                    2.2.2.4 Need for Safety and Security
           2.2.3 Supply-Side Analysis
                    2.2.3.1 Technological Advancements in Autonomous Vehicles
    2.3 Market Size Estimation
    2.4 Data Triangulation
    2.5 Assumptions

3 Executive Summary (Page No. - 31)

4 Premium Insights (Page No. - 36)
    4.1 Introduction
    4.2 Attractive Opportunities in the Autonomous Vehicle Market for Luxury Segment
    4.3 Autonomous Vehicle Market for Luxury Segment, By Region, 2025–2030
    4.4 Autonomous Vehicle Market for Luxury Segment, By Body Type, 2025–2030
    4.5 Autonomous Vehicle Market for Luxury Segment, By Fuel Type, 2025–2030
    4.6 Autonomous Vehicle Market for Luxury Segment, By End-User, 2025–2030
    4.7 Autonomous Vehicle Market for Luxury Segment, By Component, 2025–2030

5 Market Overview (Page No. - 40)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Growth in Connected Vehicle Technology and Dynamic Mobility Application
                    5.2.1.2 Need for Safe, Productive and Efficient Driving Experience
                    5.2.1.3 Integration of Technology in Vehicles
           5.2.2 Restraints
                    5.2.2.1 Consumer Acceptance to Automation
                    5.2.2.2 Cyber Security and Safety Concerns
                    5.2.2.3 Non-Availability of Required Infrastructure in Developing Countries
           5.2.3 Opportunities
                    5.2.3.1 Autonomous Luxury Cars as A Car Shared Service
                    5.2.3.2 Robotic Assistance
           5.2.4 Challenges
                    5.2.4.1 Mutual Interference Between LiDAR Scanners
                    5.2.4.2 Environment Constraints Pose A Challenge for Autonomous Luxury Vehicles
                    5.2.4.3 Crowd Navigation
                    5.2.4.4 Undefined Legal Responsibility
    5.3 Government Regulations for Autonomous Vehicles, By Country
    5.4 Autonomous Vehicle Market for Luxury Segment Regional Growth Factor Roadmap
    5.5 Macro-Indicator Analysis
           5.5.1 Introduction
           5.5.2 Premium Vehicle Sales as A Percentage of Total Sales
           5.5.3 GDP (USD Billion)
           5.5.4 GNI Per Capita, Atlas Method (USD)
           5.5.5 GDP Per Capita Ppp (USD)
           5.5.6 Macro Indicators Influencing the Autonomous Vehicle Market for Luxury Segment for Top 3 Countries
                    5.5.6.1 US
                    5.5.6.2 Germany
                    5.5.6.3 UK

6 Technology Overview (Page No. - 55)
    6.1 Artificial Intelligence
    6.2 Smart Seats
    6.3 Mobile Payment Systems

7 Autonomous Vehicle Market for Luxury Segment, By Body Type (Page No. - 58)
    7.1 Introduction
    7.2 Sedan/Hatchback
    7.3 SUV (Sport Utility Vehicle)

8 Autonomous Vehicle Market for Luxury Segment, By Fuel Type (Page No. - 68)
    8.1 Introduction
    8.2 Battery Electric Vehicle (BEV)
    8.3 Hybrid Vehicle (HEV & PHEV)
    8.4 Internal Combustion Engine (ICE)
    8.5 Fuel Cell Electric Vehicle (FCEV)

9 Luxury Autonomous Vehicle Market, By Component (Page No. - 75)
    9.1 Introduction
    9.2 Biometric Sensors
    9.3 Camera Unit
    9.4 LiDAR Sensors
    9.5 Radar Sensors
    9.6 Ultrasonic Sensors

10 Autonomous Vehicle Market for Luxury Segment, Future Trends & Scenario (2023–2030) (Page No. - 86)
     10.1 Introduction
     10.2 Autonomous Vehicle Market for Luxury Segment - Optimistic Scenario
     10.3 Autonomous Vehicle Market for Luxury Segment – Most Likely Scenario
     10.4 Autonomous Vehicle Market for Luxury Segment - Pessimistic Scenario

11 Autonomous Vehicle Market for Luxury Segment, Future Trends & Scenario for Car Sharing (Page No. - 91)
     11.1 Introduction
     11.2 Autonomous Vehicle Market for Luxury Car Sharing Segment - Optimistic Scenario
     11.3 Autonomous Vehicle Market for Luxury Car Sharing Segment – Most Likely Scenario
     11.4 Autonomous Vehicle Market for Luxury Car Sharing Segment – Pessimistic Scenario

12 Autonomous Vehicle Market for Luxury Segment, By End-User (Page No. - 95)
     12.1 Introduction
     12.2 Personal Mobility
     12.3 Car Sharing

13 Autonomous Luxury Vehicles Market, By Region (Page No. - 101)
     13.1 Introduction
     13.2 Asia Pacific
             13.2.1 China
             13.2.2 Japan
             13.2.3 South Korea
     13.3 Europe
             13.3.1 France
             13.3.2 Germany
             13.3.3 Italy
             13.3.4 Spain
             13.3.5 UK
     13.4 North America
             13.4.1 US
             13.4.2 Mexico
             13.4.3 Canada
     13.5 RoW
             13.5.1 Brazil
             13.5.2 Russia

14 Competitive Landscape (Page No. - 113)
     14.1 Market Ranking Analysis: Autonomous Vehicle Market for Luxury Segment
     14.2 Competitive Situation & Trends
     14.3 New Product Development
     14.4 Supply Contracts
     14.5 Expansions
     14.6 Merger & Acquisition and Joint Venture

15 Company Profiles (Page No. - 119)
(Business Overview, Product Offerings & Business Strategies, Key Insights, Recent Developments, MnM View)*
     15.1 Original Equipment Manufacturers
             15.1.1 Daimler
             15.1.2 Audi
             15.1.3 BMW
             15.1.4 NIO
             15.1.5 Porsche
             15.1.6 Tesla
             15.1.7 BYD
             15.1.8 Changan Automobile
             15.1.9 Saic Motor Corporation
             15.1.10 Baidu
             15.1.11 Baic Motor
             15.1.12 Waymo
     15.2 Tier 1 Suppliers
             15.2.1 Robert Bosch
             15.2.2 Continental
             15.2.3 Denso
             15.2.4 Delphi Automotive
             15.2.5 Infineon Technologies
             15.2.6 NXP Semiconductors
             15.2.7 Valeo
             15.2.8 Texas Instruments
             15.2.9 ZF Friedrichshafen
             15.2.10 Magna International
             15.2.11 Cisco Systems
             15.2.12 Renesas Electronics

*Details on Company at A Glance, Recent Financials, Products Offered, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

16 Appendix (Page No. - 165)
     16.1 Key Insights of Industry Experts
     16.2 Discussion Guide
     16.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     16.4 Available Customizations
     16.5 Related Reports
     16.6 Author Details


List of Tables (65 Tables)

Table 1 Currency Exchange Rates (W.R.T USD)
Table 2 Automotive Application Features Related to Safety, Comfort, and Assistance
Table 3 Automated Driving Initiatives By Automakers
Table 4 Autonomous Vehicle Market for Luxury Segment, By Body Type, 2023–2030 (Units)
Table 5 Asia Pacific: Autonomous Vehicle Market for Luxury Segment, By Body Type, 2023–2030 (Units)
Table 6 China: Autonomous Vehicle Market for Luxury Segment, By Body Type, 2023–2030 (Units)
Table 7 Japan: Autonomous Vehicle Market for Luxury Segment, By Body Type, 2023–2030 (Units)
Table 8 South Korea: Autonomous Vehicle Market for Luxury Segment, By Body Type, 2023–2030 (Units)
Table 9 Europe: Autonomous Vehicle Market for Luxury Segment, By Body Type, 2023–2030 (Units)
Table 10 France: Autonomous Vehicle Market for Luxury Segment, By Body Type, 2023–2030 (Units)
Table 11 Germany: Autonomous Vehicle Market for Luxury Segment, By Body Type, 2023–2030 (Units)
Table 12 Italy: Autonomous Vehicle Market for Luxury Segment, By Body Type, 2023–2030 (Units)
Table 13 Spain: Autonomous Vehicle Market for Luxury Segment, By Body Type, 2023–2030 (Units)
Table 14 UK: Autonomous Vehicle Market for Luxury Segment, By Body Type, 2023–2030 (Units)
Table 15 North America: Autonomous Vehicle Market for Luxury Segment, By Body Type, 2023–2030 (Units)
Table 16 Canada: Autonomous Vehicle Market for Luxury Segment, By Body Type, 2023–2030 (Units)
Table 17 Mexico: Autonomous Vehicle Market for Luxury Segment, By Body Type, 2023–2030 (Units)
Table 18 US: Autonomous Vehicle Market for Luxury Segment, By Body Type, 2023–2030 (Units)
Table 19 Brazil: Autonomous Luxury Vehicles Market Size, By Body Type, 2023–2030 (Units)
Table 20 Russia: Autonomous Vehicle Market for Luxury Segment, By Body Type, 2023–2030 (Units)
Table 21 RoW: Autonomous Vehicle Market for Luxury Segment, By Body Type, 2023–2030 (Units)
Table 22 Autonomous Vehicle Market for Luxury Segment, By Fuel Type, 2023–2030 (Units)
Table 23 Battery Electric Vehicle: Autonomous Vehicle Market for Luxury Segment, By Region, 2023–2030 (Units)
Table 24 Hybrid Electric Vehicle: Autonomous Vehicle Market for Luxury Segment, By Region, 2023–2030 (Units)
Table 25 Internal Combustion Engine: Autonomous Vehicle Market for Luxury Segment, By Region, 2023–2030 (Units)
Table 26 Fuel Cell Electric Vehicle: Autonomous Vehicle Market for Luxury Segment, By Region, 2023–2030 (Units)
Table 27 Technological Superiority of Sensors in Automotive Applications
Table 28 Autonomous Luxury Vehicles Market Size, By Component, 2023–2030 (Units)
Table 29 Autonomous Luxury Vehicles Market Size, By Component, 2023–2030 (USD Thousand)
Table 30 Biometric Sensors: Autonomous Luxury Vehicles Market Size, By Region, 2023–2030 (Units)
Table 31 Biometric Sensors: Autonomous Luxury Vehicles Market Size, By Region, 2023–2030 (USD Thousand)
Table 32 Camera Unit: Autonomous Luxury Vehicles Market Size, By Region, 2023–2030 (Units)
Table 33 Camera Units: Autonomous Luxury Vehicles Market Size, By Region, 2023–2030 (USD Thousand)
Table 34 LiDAR Sensors: Autonomous Luxury Vehicles Market Size, By Region, 2023–2030 (Units)
Table 35 LiDAR Sensors: Autonomous Luxury Vehicles Market Size, By Region, 2023–2030 (USD Thousand)
Table 36 Radar Sensors: Autonomous Luxury Vehicles Market Size, By Region, 2023–2030 (Units)
Table 37 Radar Sensors: Autonomous Luxury Vehicles Market Size, By Region, 2023–2030 (USD Thousand)
Table 38 Ultrasonic Sensors: Autonomous Luxury Vehicles Market Size, By Region, 2023–2030 (Units)
Table 39 Ultrasonic Sensors: Autonomous Luxury Vehicles Market Size, By Region, 2023–2030 (USD Thousand)
Table 40 Autonomous Vehicle Market for Luxury Segment (Optimistic), By Region 2023–2030 (Units)
Table 41 Autonomous Vehicle Market for Luxury Segment (Most Likely), By Region 2023–2030 (Units)
Table 42 Autonomous Vehicle Market for Luxury Segment (Pessimistic), By Region 2023–2030 (Units)
Table 43 Car Sharing: Autonomous Vehicle Market for Luxury Segment (Optimistic), By Region 2023–2030 (Units)
Table 44 Car Sharing: Autonomous Vehicle Market for Luxury Segment (Most Likely), By Region 2023–2030 (Units)
Table 45 Car Sharing: Autonomous Vehicle Market for Luxury Segment (Pessimistic), By Region 2023–2030 (Units)
Table 46 Global Autonomous Vehicle Market for Luxury Segment, By End-User, 2023–2030 (Units)
Table 47 Oem Investment in Mobility Services
Table 48 Asia Pacific: Autonomous Vehicle Market for Luxury Segment, By End-User, 2023–2030 (Units)
Table 49 Europe: Autonomous Vehicle Market for Luxury Segment, By End-User, 2023–2030 (Units)
Table 50 North America: Autonomous Vehicle Market for Luxury Segment, By End-User, 2023–2030 (Units)
Table 51 RoW: Autonomous Vehicle Market for Luxury Segment, By End-User, 2023–2030 (Units)
Table 52 Global Autonomous Vehicle Market for Luxury Segment, By Region, 2023–2030 (Units)
Table 53 Asia Pacific: Autonomous Vehicle Market for Luxury Segment, By Country, 2023–2030 (Units)
Table 54 Asia Pacific: Autonomous Vehicle Market for Luxury Segment, By Fuel Type, 2023–2030 (Units)
Table 55 Europe: Autonomous Vehicle Market for Luxury Segment, By Country, 2023–2030 (Units)
Table 56 Europe: Autonomous Vehicle Market for Luxury Segment, By Fuel Type, 2023–2030 (Units)
Table 57 North America: Autonomous Vehicle Market for Luxury Segment, By Country, 2023–2030 (Units)
Table 58 North America: Autonomous Vehicle Market for Luxury Segment, By Fuel Type, 2023–2030 (Units)
Table 59 RoW: Autonomous Vehicle Market for Luxury Segment, By Country, 2023–2030 (Units)
Table 60 RoW: Autonomous Vehicle Market for Luxury Segment, By Fuel Type, 2023–2030 (Units)
Table 61 Autonomous Vehicle Market for Luxury Segment Ranking: 2016
Table 62 New Product Development, 2016–2017
Table 63 Supply Contracts/Joint Ventures/Collaborations/Partnerships, 2017
Table 64 Expansions, 2014–2017
Table 65 Mergers & Acquisitions, 2015–2017


List of Figures (65 Figures)

Figure 1 Research Design
Figure 2 Research Methodology Model
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 4 Average Traffic Congestion, 2015
Figure 5 Urban Population, 2000 vs 2016
Figure 6 Autonomous Vehicle Market for Luxury Segment Size Estimation Methodology: Top-Down Approach
Figure 7 Autonomous Vehicle Market for Luxury Segment, By End-User: Top-Down Approach
Figure 8 Key Countries of Autonomous Vehicle Market for Luxury Segment: US is Projected to Be the Largest Market, 2025–2030 (Units)
Figure 9 Autonomous Vehicle Market for Luxury Segment, By Component: LiDAR is Projected to Be the Largest Market, in Terms of Value (2025–2030)
Figure 10 Autonomous Vehicle Market for Luxury Segment Outlook, By Region: Europe is Projected to Register the Highest Market Growth, in Terms of Volume (2025–2030)
Figure 11 Autonomous Vehicle Market for Luxury Segment Outlook, By Body Type: Sedan/Hatchback Segment to Dominate the Market, in Terms of Volume (2025–2030)
Figure 12 Autonomous Vehicle Market for Luxury Segment Outlook, By Fuel Type: BEV Segment to Lead the Market, in Terms of Volume (2025–2030)
Figure 13 Autonomous Vehicle Market for Luxury Segment Outlook, By End-User: Car Sharing to Lead the Market, in Terms of Volume (2025–2030)
Figure 14 Growing Opportunities in Autonomous Vehicle Market for Luxury Segment, 2025–2030
Figure 15 North America is Projected to Hold the Largest Market Share, 2025–2030
Figure 16 Sedan/Hatchback Segment Projected to Hold the Largest Market Share, 2025–2030
Figure 17 BEV to Hold the Largest Market Share, 2025–2030
Figure 18 Car Sharing to Hold the Largest Market Share, 2025–2030
Figure 19 Ultrasonic Sensors to Hold the Largest Market Share, 2025–2030
Figure 20 Autonomous Luxuey Vehicle Market: Market Dynamics
Figure 21 Road Traffic Death Rates, Per 1,00,000 Population, 2015
Figure 22 World’s Petroleum Consumption, Quad Btu, 1980-2014
Figure 23 Consumers’ Preference for Shared Self Driving Taxi
Figure 24 LiDAR Integration in Vehicle
Figure 25 US: Rising GNI Per Capita Expected to Drive the Market for Autonomous Luxury Vehicles During the Forecast Period
Figure 26 Germany: Domestic Demand Expected to Drive the Autonomous Vehicle Market for Luxury Segment
Figure 27 UK: Increasing Luxury Vehicle Production is Expected to Drive the Autonomous Vehicle Market for Luxury Segment
Figure 28 Autonomous Vehicle Market for Luxury Segment, By Body Type, 2025 vs 2030 (Units)
Figure 29 Autonomous Vehicle Market for Luxury Segment, By Fuel Type, 2025 vs 2030 (Units)
Figure 30 Autonomous Luxury Vehicles Market, By Component, 2025 vs 2030 (USD Thousand)
Figure 31 Banned Countries for Private and Commercial Use of Radar Detectors and Sensors
Figure 32 Global Autonomous Vehicle Market for Luxury Segment, Future Trends & Scenario (2023—2030)
Figure 33 Autonomous Vehicle Market for Luxury Segment (Optimistic), By Region, 2025 vs 2030 (Units)
Figure 34 Autonomous Vehicle Market for Luxury Segment (Most Likely), By Region 2025 vs 2030 (Units)
Figure 35 Autonomous Vehicle Market for Luxury Segment (Pessimistic), By Region 2025 vs 2030 (Units)
Figure 36 Global Autonomous Vehicle Market for Luxury Segment, By Future Trends & Scenario, By Car Sharing (2023—2030)
Figure 37 Autonomous Vehicle Market for Luxury Segment, By End-User, 2025 vs 2030 (Units)
Figure 38 Europe to Be the Fastest Growing Region for Autonomous Luxury Vehicles During the Forecast Period (2025–2030)
Figure 39 China to Account for the Largest Market Share in the Asia Pacific Region for Autonomous Luxury Vehicle, 2025 vs 2030
Figure 40 Europe: Autonomous Vehicle Market for Luxury Segment Snapshot
Figure 41 North America: Autonomous Vehicle Market for Luxury Segment Snapshot
Figure 42 Companies Adopted New Development as the Key Growth Strategy From 2014 to 2017
Figure 43 Battle for Market Share: New Product Development Was the Key Strategy
Figure 44 Daimler: Company Snapshot
Figure 45 Audi: Company Snapshot
Figure 46 BMW: Company Snapshot
Figure 47 Porsche: Company Snapshot
Figure 48 Tesla: Company Snapshot
Figure 49 BYD: Company Snapshot
Figure 50 Changan Automobile: Company Snapshot
Figure 51 Saic Motor Corporation: Company Snapshot
Figure 52 Baidu: Company Snapshot
Figure 53 Baic Motor: Company Snapshot
Figure 54 Robert Bosch: Company Snapshot
Figure 55 Continental: Company Snapshot
Figure 56 Denso: Company Snapshot
Figure 57 Delphi Automotive: Company Snapshot
Figure 58 Infineon Technologies: Company Snapshot
Figure 59 NXP Semiconductors: Company Snapshot
Figure 60 Valeo: Company Snapshot
Figure 61 Texas Instruments: Company Snapshot
Figure 62 ZF Friedrichshafen: Company Snapshot
Figure 63 Magna International: Company Snapshot
Figure 64 Cisco Systems: Company Snapshot
Figure 65 Renesas Electronics: Company Snapshot

The autonomous vehicle market for luxury segment, in terms of volume, is projected to grow at a CAGR of 35.35% from 2025 to 2030. The market is projected to be 27,906 Units in 2025 and is projected to reach 126,774 Units by 2030. The rising concerns about vehicle safety and security have accentuated the need for the development of autonomous vehicles. Factors such as an increase in disposable income, the rise in purchasing power, and changing buyer preferences have fueled the market for luxury and premium cars, which in turn is expected to drive the autonomous vehicle market for luxury segment.

The autonomous vehicle market for luxury segment has been segmented by body type, component type, fuel type, end-user type, and region. The market has been segmented, by body type, into sedan/hatchback and SUV. SUV is projected to be the fastest growing segment of the autonomous vehicle market for luxury segment, by body type. Continuously increasing sales of luxury SUVs will drive the market growth of this segment. Also, the continuous increase in the preference for SUVs and off-road driving practices are expected to contribute to the growth of the autonomous SUV vehicle market for luxury segment.

The autonomous vehicle market for luxury segment has been segmented, by fuel type, into battery electric vehicle (BEV), hybrid (HEV & PHEV), internal combustion engine (ICE), and fuel cell electric vehicle (FCEV). BEV is estimated to be the fastest growing segment of the autonomous vehicle market for luxury segment, by fuel type. Research and development for an innovative battery source, OEM initiatives, favorable government regulations, and zero emission advantage would drive the growth of BEV autonomous luxury vehicles.

North America is projected to dominate the autonomous vehicle market for luxury segment, by volume, in 2025. The large customer base and high disposable income of end-users in the region have fueled the demand for high-end vehicles, which in turn has resulted in increasing R&D innovations by local and international automotive OEMs. Sustainable government regulations, increasing demand for luxury vehicles, rising purchasing power, and concerns of increasing number of road accidents are the key factors that will drive the autonomous vehicle market for luxury segment in this region.

Autonomous Vehicle Market for Luxury Segment

The lack of infrastructure is the key restraint for the growth of autonomous luxury vehicles. The autonomous vehicle market for luxury segment requires basic infrastructure such as well-organized roads, lane marking, and availability of GPS for effective functioning. The lack of infrastructure in developing countries could make it difficult to achieve a common platform for autonomous luxury vehicles.

BMW (Germany) is a leading manufacturer of luxury cars. The group comprises brands such as BMW (Germany), MINI (UK), and Rolls-Royce (UK). The company’ strategy has shifted from manufacturing premium automobiles to providing premium mobility and mobility services. Along with its partners, BMW is working on standards, platforms, and a backend for the future of automated driving. BMW has collaborated with Intel (US) and Mobileye (Israel) to develop a new series of fully automated prototype vehicles. The company has developed products such as DriveNow, ReachNow, ParkNow, and ChargeNow for mobility services that would be used for autonomous vehicle segments.

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