HOME Press Releases Semi-Autonomous and Autonomous Vehicles Market worth 27.7 Million Units by 2022



Semi-Autonomous and Autonomous Vehicles Market worth 27.7 Million Units by 2022


The report "Semi-Autonomous and Autonomous Vehicles Market by Level of Automation (Level 1, Level 2&3 & Autonomous Vehicles), ADAS Features, Components (AI, Radar, LIDAR, Camera and Ultrasonic Sensor), Fuel Type (ICE, EV), and Region - Global Forecast to 2022 & 2030", The global semi-autonomous vehicles market is estimated to be 10.5 Million Units in 2017 and is projected to grow at a CAGR of 21.36% to reach 27.7 Million Units by 2022. The global autonomous vehicles market is estimated to be 0.5 Million Units in 2025 and is projected to grow at a CAGR of 68.94% to reach 6.9 Million Units by 2030.  The growth of this market is fueled by technological advancements in the field of connected cars and driver assistance features used in the vehicles. Connected cars are the stepping stones for autonomous vehicles as they can communicate with other vehicles and their surroundings and driver assistance features help driver control the vehicle in case of emergencies.

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Browse 78 Market Data Tables and 71 Figures spread through 174 Pages and in-depth TOC on "Semi-Autonomous and Autonomous Vehicles Market by Level of Automation (Level 1, Level 2&3 & Autonomous Vehicles), ADAS Features, Components (AI, Radar, LIDAR, Camera and Ultrasonic Sensor), Fuel Type (ICE, EV), and Region - Global Forecast to 2022 & 2030"
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On the basis of component type, Radar and Camera segments to hold the largest share in the semi-autonomous and autonomous vehicles market, respectively, in terms of volume

The radar segment is projected to account for the largest share in the global semi-autonomous vehicles market in 2022 as radar can work well in bad weather conditions also, which is not the case with other components. For autonomous vehicles, the camera segment is estimated to account for the largest share in 2025, followed by radar and LIDAR. Cameras are cheaply available and they can provide information needed by the artificial intelligence installed in the autonomous vehicles about the shape, size and texture of the object, which is not feasible by other components.

Increasing accidents and concerns over safety and security of passengers in developed and developing countries is expected to increase the growth rate of level 2&3 semi-autonomous cars

The level 2&3 automation is expected to grow at a faster CAGR than level 1 automation. It can be attributed to the growing need of highly secured personal cars and government norms in the emerging economies. As level 2&3 semi-autonomous cars are having highly advanced driver assistance features that will add to increased safety and security of passengers. The demand is expected to increase in developing and developed countries such as USA, Germany, China, and Japan, where key car manufacturers are located.

North America: Leading the semi-autonomous and autonomous vehicles market

North America is estimated to account for the largest share, in terms of volume, of the semi-autonomous and autonomous vehicles market in 2017 and 2025 respectively. The region comprises few developed economies in the world such as US and Canada. Vehicle production volumes have increased over the years, with OEMs catering not only to the domestic demand but also to overseas demand.

The semi-autonomous and autonomous vehicles market is dominated by a few globally established players such as Robert Bosch GmbH (Germany), Continental AG (Germany), Delphi automotive (UK), Infineon Technologies (Germany), and Denso Corporation (Japan)

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