Press Releases

The global autonomous vehicle market size in terms of volume was 17.7 million units in 2023 and is expected to reach 53.2 million units by 2030, growing at a CAGR of 17.8% during 2025 – 2030.

Extensive emphasis on vehicle platooning and ample opportunities observed for luxury cars in developing countries are the key opportunities expected to strengthen the growth of the global autonomous vehicle market. Vehicle platooning helps reduce probable accidents and when vehicles are drafting each other it helps reduce fuel consumption.

The global autonomous vehicle market is classified into level of autonomy and vehicle type.

Passenger vehicle segment accounted for the larger share of the global autonomous vehicle market in 2023

Based on vehicle type, the global autonomous vehicle market is bifurcated into commercial vehicles and passenger vehicles. Between these, the passenger vehicle segment is anticipated to contribute larger revenue throughout the estimated period. The growth of this segment is attributed to increasing investments undertaken by government authorities towards automotive OEMs and self-driving techniques.

Global Autonomous Vehicle Market Segmentation and Key Players

Geography Insights

Geographically, North America is the largest autonomous vehicle market throughout the estimated period.  The growth of autonomous vehicles in this region is attributed to the extensive growth of economies that are enabling flourishing development from transport infrastructure to the development of smart cities.

Asia-Pacific is observed to witness the highest CAGR during the forecast period as the government organizations in this region are facilitating the growth of electric vehicles.

Competitive Insights

Some of the key players operating in the global autonomous vehicle market are General Motors, Ford Motor Company, AUDI AG, BMW Group, Daimler AG, FCA Italy S.p.A, MAN SE, Nissan Motor Co., Ltd, Tesla, Inc., Toyota Motor Corporation, Zoox Inc., Volkswagen AG, Volvo Group, and Waymo LLC.

Key Takeaway from the Report:

• Among all the levels of autonomy, level 1 is anticipated to generate the largest revenue throughout the estimated period.
• Of all vehicle types, the passenger vehicle segment is anticipated to contribute larger revenue throughout the estimated period.

The Report Offers:

• Historical market estimate for the years 2018–2023 and forecast for the years 2025–2030
• Insight on current market trends, market dynamics, key opportunities and major challenges in the industry
• Market insights by in-depth segmentation with industry dynamics.
• Competitive analysis and benchmarking of the industry leaders and their product offerings
• Profiles of leading players and innovators, their financial overview, and product portfolio
• Analysis of key industry trends and recent developments
• Value chain analysis and distribution channel analysis with opportunity assessment
• Market share analysis of major players

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The report provides the market value for the base year 2023 and a yearly forecast till 2030 in terms of volume (Million Units) and revenue (USD Million). The report segments the global autonomous vehicle market on the level of autonomy, vehicle type, and region.

Global Autonomous Vehicle Market Coverage

Level of Autonomy Insight and Forecast 2025-2030

• Level 1
• Level 2
• Level 3
• Level 4
• Level 5

Vehicle Type Insight and Forecast 2025-2030

• Commercial Vehicles
• Passenger Vehicles

Geographical Segmentation

Autonomous Vehicle Market by Region

North America

• By Level of Autonomy
• By Vehicle Type
• By Country – U.S., Canada, and Mexico

Europe

• By Level of Autonomy
• By Vehicle Type
• By Country – Germany, U.K., France, and Rest of Europe

Asia-Pacific (APAC)

• By Level of Autonomy
• By Vehicle Type
• By Country – China, Japan, South Korea, and the Rest of Asia-Pacific

Rest of the World (RoW)

• By Level of Autonomy
• By Vehicle Type
• By Country – Brazil, Saudi Arabia, U.A.E., and Other Countries