Autonomous Vehicles

World Market Report

MCP21288

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DATE

FEB 2022

TABLES

32

PAGES

211

EDITION

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USD 5600

CODE

MCP21288


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Global Autonomous Vehicles Market to Reach 110.1 Thousand Units by the Year 2026

An autonomous or driverless vehicle operates itself to perform all necessary functions devoid of human intervention, by way of its ability to appropriately sense its operating environment. Ongoing efforts to automate manufacturing facilities and leveraging automation to improve fuel efficiency and safety of vehicles are anticipated to benefit automotive software. Rising automobile consumer focus on efficiency and connectivity is driving automakers to scale up technology adoption in line with these requirements and to stay competitive. The increasing development and adoption of new electric car models is expected to further drive gains for the automotive software market. In addition, the market growth is poised to be augmented by trends such as digital dealerships and automation. Various companies are partnering with software developers for enhancing vehicle performance and improving safety and driving experience. These developments are anticipated to garner more traction in the coming years. These collaborations are set to support encouraging activities associated with autonomous vehicles, emerging technologies, mobility and electrification while allowing players to ensure availability of sophisticated software solutions for upcoming vehicle models. While current challenges have derailed and delayed innovations and developments scheduled for the year 2020, the future nevertheless remains more promising than the pre-pandemic outlook. Although the year 2020, which was earlier touted to be prime time for autonomous cars, unfortunately went down into history as the year of disruptions, missed targets, economic devastation, the pandemic paradoxically has also eliminated long-term obstacles for self-driving and advanced automotive technologies.

Amid the COVID-19 crisis, the global market for Autonomous Vehicles estimated at 13.8 Thousand Units in the year 2022, is projected to reach a revised size of 110.1 Thousand Units by 2026, growing at a CAGR of 60.6% over the analysis period. Transportation, one of the segments analyzed in the report, is projected to grow at a 60.2% CAGR to reach 149.4 Thousand Units by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Defense segment is readjusted to a revised 63.7% CAGR for the next 7-year period. This segment currently accounts for a 10.2% share of the global Autonomous Vehicles market. Autonomous vehicles (AVs) are anticipated to find increasing uptake in the military sector due to the unabated increase in global military spending over the short- to medium-term.

The U.S. Market is Estimated at 5.4 Thousand Units in 2022, While China is Forecast to Reach 17.3 Thousand Units by 2026

The Autonomous Vehicles market in the U.S. is estimated at 5.4 Thousand Units in the year 2022. The country currently accounts for a 40% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of 17.3 Thousand Units in the year 2026 trailing a CAGR of 74.4% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 53.3% and 58% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 49.9% CAGR while Rest of European market (as defined in the study) will reach 26.1 Thousand Units by the end of the analysis period.

Safety of Autonomous Vehicles Comes Under the Scanner

As autonomous technology advances, there are numerous concerns about the safety of fully autonomous vehicles. One of the biggest disadvantages of autonomous vehicle technology is security concerns. Autonomous vehicles are vulnerable to cyberattacks that could compromise the proper functioning of the vehicle. This is further complicated by the increased uptake of AI technologies. Autonomous vehicles could be the next major target of the hackers as such vehicles continuously track and monitor details of the owner. This may lead to the possible collection of personal data. A hacker could take control of a vehicle`s steering or acceleration which can compromise the safety of the riders in a variety of ways. Even a small hack could wreak significant damage on busy roads by causing collisions and gridlock traffic. Self-driving vehicles may also be more susceptible to computer viruses. Autonomous vehicles have been shown to have difficulty operating in certain types of weather.

As fully autonomous cars depend on the functioning of a wide range of sensors that can detect objects with accuracy in every possible condition, factors such as bad weather, dense traffic, weathered road signs, or damaged markings can significantly impact sensors` capabilities. For truly autonomous vehicles to succeed, the sensors need to be highly adaptive and strong enough to understand signals in a range of environments. Also, current road infrastructure has not been optimized for the use of autonomous vehicles and may, therefore, cause accidents. The number of situations that present themselves when driving are extensive, including other drivers, unexpected obstacles on the road, or missing street markings among others. While humans have the ability to react quickly to such unexpected situations, machines have not yet reached that stage. This is another major reason why self-driving vehicles are not yet widely available. Additionally, self-driving cars may give drivers a false sense of security. Drivers tend to become complacent, resulting in an increased reaction time to change the driving situation. On the other hand, on a regular car, it takes drivers less than a second to react to an unexpected event. Also, with the wide range of electronic components on board like remote controls, GPS, power accessories, Wi-Fi, Bluetooth, radio and music systems, drivers will be increasingly exposed to higher levels of electromagnetic field radiation which can cause a myriad of serious health problems such as headaches, migraines, chronic exhaustion, sleeplessness, and susceptibility to infection.

SELECT PLAYERS

AB Volvo; AUDI AG; BMW GROUP; Cisco Systems, Inc.; Continental AG; Daimler AG; Ford Motor Company; General Motors Company; Groupe PSA; Intel Corporation; JAGUAR LAND ROVER LIMITED; Mitsubishi Motors Corporation; Nissan Motor Co., Ltd.; Renault Group; Robert Bosch GmbH; Tesla, Inc; The Volkswagen AG; Toyota Motor Corporation; Valeo; Visteon Corporation

SEGMENTS

» Application (Transportation, Defense)

GEOGRAPHIES

» World » USA » Canada » Japan » China » Europe » France » Germany » Italy » UK » Rest of Europe » Asia-Pacific » Rest of World

TABLE OF CONTENTS

1. MARKET OVERVIEW
Autonomous Vehicles – Global Key Competitors Percentage Market Share in 2022 (E)
The Automotive Industry Rushes Headlong Into a Digital Future
Exploding Automotive Software Market Stands Testimony to the Industry’s Envisioned Digital Future
Table: Growing Dependence on Software Shows that the Industry is Reaching a Critical Inflection Point in its journey Towards a Digital Future: Global Market for Automotive Software (In US$ Million) for Years 2021, 2023, 2025, and 2027
Autonomous Vehicles (AVs), the Natural Evolutionary Culmination of the Digital Journey Undertaken by the Automotive Industry
Table: Reluctance to Use Shared Mobility Will Persist Even in the Post Pandemic World. The Darkening Outlook for “Shared Mobility” is a Business Opportunity for Self-Driving Cars & Taxis: Global Ride Hailing & Taxi Market (In US$ Billion)
The Race Between the Virus & Vaccines Intensifies. Amidst this Chaotic Battle, Where is the World Economy Headed in 2021?
These are Times When Questions Abound & Answers Are Few
So How Fast Or Slow Are We Moving?
Table: How & When Will the World Be Vaccinated? Global Number of Annual COVID-19 Vaccine Doses (In Million) for Years 2020 through 2025 by Geographic Region/Country
Split Scenarios Unfold: The Great Vaccine Divide Emerges
Table: Vaccine Imbalances to Stretch the Pandemic Further into 2022: Global Percentage (%) of Population Administered With Vaccines by Region as of October 2021
Table: Time is of Essence! What We Know So Far – “Vaccine Efficiency Against New Strains is Decreasing”
Progress on Vaccinations, Why Should Businesses Care?
With IMF’s Upward Revision of Global GDP Forecasts for 2021, Most Companies Are Bullish About an Economic Comeback Despite a Continuing Pandemic
Table: A Strong Yet Exceedingly Patchy & Uncertain Recovery Shaped by New Variants Comes Into Play: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
Table: Easing Unemployment Levels in 2021 Although Moderate Will Infuse Hope for Industries Reliant on Consumer Discretionary Incomes: Global Number of Unemployed People (In Million) for Years 2017, 2019, 2020, and 2022
How the Automotive & Transportation Industries Were Impacted by the Pandemic & What’s the New Normal?
The Automotive Industry
Table: Global Automotive Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
Transportation Industry Bites the Dust
Autonomous Vehicles: Definition, Importance & Benefits
Recent Market Activity
Innovations
World Brands
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Innovative Developments & Robust Outlook for Vehicle-to-Everything (V2X) Drives Optimism in the Future of Autonomous Driving
Table: Global Automotive V2X Market to Move Ahead Swiftly in Top Gear, Accelerating the Journey Towards Autonomous Driving: Global Market for Automotive Vehicle-to-Everything (V2X) (In US$ Million) for Years 2021, 2023, 2025 and 2027
Digitalization of Logistics Primes the Transportation Industry for an Autonomous Future
Table: Robust Spending on Digitalization in the Transportation Industry Bodes Well for Accelerated Adoption of Autonomous Freight Trucks: Global Digital Transformation Spending in Logistics (In US$ Billion) for Years 2021, 2023, 2025 and 2027
Piggybacking on the Digitalization Frenzy, Autonomous Trucks Storm Into the Spotlight in the Logistics Industry
Unfazed by the Pandemic, Continuous Strong Gains in Global Defense Spending Bodes Well for AVs in the Military Sector
Table: Robust Defense Spending Brings Cheer for AV Manufacturers: World Military Expenditure (In US$ Billion) for Years 2019, 2020 and 2021
Table: The U.S., an Attractive Market for Manufacturers: Top Military Spenders for the Year 2021 (In US$ Billion)
Current State of Autonomous Vehicle Technology in the Military Sector: A Review
Blockchain & Autonomous Vehicles: A Perfect Pair
Role of AI in Autonomous Vehicles Gets Bigger
Safety of Autonomous Vehicles Under the Scanner
4. GLOBAL MARKET PERSPECTIVE
World Recent Past, Current & Future Analysis for Autonomous Vehicles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Units for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Autonomous Vehicles by Geographic Region - Percentage Breakdown of Volume Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2020, 2021 & 2027
World Recent Past, Current & Future Analysis for Transportation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Units for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Transportation by Geographic Region - Percentage Breakdown of Volume Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020, 2021 & 2027
World Recent Past, Current & Future Analysis for Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Units for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Defense by Geographic Region - Percentage Breakdown of Volume Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020, 2021 & 2027
World Historic Review for Autonomous Vehicles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Units for Years 2020 through 2019 and % CAGR
World Historic Review for Transportation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Units for Years 2020 through 2019 and % CAGR
World Historic Review for Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Units for Years 2020 through 2019 and % CAGR
UNITED STATES
Autonomous Vehicles Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
USA Recent Past, Current & Future Analysis for Autonomous Vehicles by Application - Transportation and Defense - Independent Analysis of Annual Sales in Units for the Years 2020 through 2027 and % CAGR
USA 7-Year Perspective for Autonomous Vehicles by Application - Percentage Breakdown of Volume Sales for Transportation and Defense for the Years 2020, 2021 & 2027
USA Historic Review for Autonomous Vehicles by Application - Transportation and Defense Markets - Independent Analysis of Annual Sales in Units for Years 2020 through 2019 and % CAGR
CANADA
Canada Recent Past, Current & Future Analysis for Autonomous Vehicles by Application - Transportation and Defense - Independent Analysis of Annual Sales in Units for the Years 2020 through 2027 and % CAGR
Canada 7-Year Perspective for Autonomous Vehicles by Application - Percentage Breakdown of Volume Sales for Transportation and Defense for the Years 2020, 2021 & 2027
Canada Historic Review for Autonomous Vehicles by Application - Transportation and Defense Markets - Independent Analysis of Annual Sales in Units for Years 2020 through 2019 and % CAGR
JAPAN
Autonomous Vehicles Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
Japan Recent Past, Current & Future Analysis for Autonomous Vehicles by Application - Transportation and Defense - Independent Analysis of Annual Sales in Units for the Years 2020 through 2027 and % CAGR
Japan 7-Year Perspective for Autonomous Vehicles by Application - Percentage Breakdown of Volume Sales for Transportation and Defense for the Years 2020, 2021 & 2027
Japan Historic Review for Autonomous Vehicles by Application - Transportation and Defense Markets - Independent Analysis of Annual Sales in Units for Years 2020 through 2019 and % CAGR
CHINA
Autonomous Vehicles Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
China Recent Past, Current & Future Analysis for Autonomous Vehicles by Application - Transportation and Defense - Independent Analysis of Annual Sales in Units for the Years 2020 through 2027 and % CAGR
China 7-Year Perspective for Autonomous Vehicles by Application - Percentage Breakdown of Volume Sales for Transportation and Defense for the Years 2020, 2021 & 2027
China Historic Review for Autonomous Vehicles by Application - Transportation and Defense Markets - Independent Analysis of Annual Sales in Units for Years 2020 through 2019 and % CAGR
EUROPE
Autonomous Vehicles Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
Europe Recent Past, Current & Future Analysis for Autonomous Vehicles by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in Units for Years 2020 through 2027 and % CAGR
Europe 7-Year Perspective for Autonomous Vehicles by Geographic Region - Percentage Breakdown of Volume Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2020, 2021 & 2027
Europe Recent Past, Current & Future Analysis for Autonomous Vehicles by Application - Transportation and Defense - Independent Analysis of Annual Sales in Units for the Years 2020 through 2027 and % CAGR
Europe 7-Year Perspective for Autonomous Vehicles by Application - Percentage Breakdown of Volume Sales for Transportation and Defense for the Years 2020, 2021 & 2027
Europe Historic Review for Autonomous Vehicles by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in Units for Years 2020 through 2019 and % CAGR
Europe Historic Review for Autonomous Vehicles by Application - Transportation and Defense Markets - Independent Analysis of Annual Sales in Units for Years 2020 through 2019 and % CAGR
FRANCE
Autonomous Vehicles Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
France Recent Past, Current & Future Analysis for Autonomous Vehicles by Application - Transportation and Defense - Independent Analysis of Annual Sales in Units for the Years 2020 through 2027 and % CAGR
France 7-Year Perspective for Autonomous Vehicles by Application - Percentage Breakdown of Volume Sales for Transportation and Defense for the Years 2020, 2021 & 2027
France Historic Review for Autonomous Vehicles by Application - Transportation and Defense Markets - Independent Analysis of Annual Sales in Units for Years 2020 through 2019 and % CAGR
GERMANY
Autonomous Vehicles Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
Germany Recent Past, Current & Future Analysis for Autonomous Vehicles by Application - Transportation and Defense - Independent Analysis of Annual Sales in Units for the Years 2020 through 2027 and % CAGR
Germany 7-Year Perspective for Autonomous Vehicles by Application - Percentage Breakdown of Volume Sales for Transportation and Defense for the Years 2020, 2021 & 2027
Germany Historic Review for Autonomous Vehicles by Application - Transportation and Defense Markets - Independent Analysis of Annual Sales in Units for Years 2020 through 2019 and % CAGR
ITALY
Italy Recent Past, Current & Future Analysis for Autonomous Vehicles by Application - Transportation and Defense - Independent Analysis of Annual Sales in Units for the Years 2020 through 2027 and % CAGR
Italy 7-Year Perspective for Autonomous Vehicles by Application - Percentage Breakdown of Volume Sales for Transportation and Defense for the Years 2020, 2021 & 2027
Italy Historic Review for Autonomous Vehicles by Application - Transportation and Defense Markets - Independent Analysis of Annual Sales in Units for Years 2020 through 2019 and % CAGR
UNITED KINGDOM
Autonomous Vehicles Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
UK Recent Past, Current & Future Analysis for Autonomous Vehicles by Application - Transportation and Defense - Independent Analysis of Annual Sales in Units for the Years 2020 through 2027 and % CAGR
UK 7-Year Perspective for Autonomous Vehicles by Application - Percentage Breakdown of Volume Sales for Transportation and Defense for the Years 2020, 2021 & 2027
UK Historic Review for Autonomous Vehicles by Application - Transportation and Defense Markets - Independent Analysis of Annual Sales in Units for Years 2020 through 2019 and % CAGR
REST OF EUROPE
Rest of Europe Recent Past, Current & Future Analysis for Autonomous Vehicles by Application - Transportation and Defense - Independent Analysis of Annual Sales in Units for the Years 2020 through 2027 and % CAGR
Rest of Europe 7-Year Perspective for Autonomous Vehicles by Application - Percentage Breakdown of Volume Sales for Transportation and Defense for the Years 2020, 2021 & 2027
Rest of Europe Historic Review for Autonomous Vehicles by Application - Transportation and Defense Markets - Independent Analysis of Annual Sales in Units for Years 2020 through 2019 and % CAGR
ASIA-PACIFIC
Autonomous Vehicles Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
Asia-Pacific Recent Past, Current & Future Analysis for Autonomous Vehicles by Application - Transportation and Defense - Independent Analysis of Annual Sales in Units for the Years 2020 through 2027 and % CAGR
Asia-Pacific 7-Year Perspective for Autonomous Vehicles by Application - Percentage Breakdown of Volume Sales for Transportation and Defense for the Years 2020, 2021 & 2027
Asia-Pacific Historic Review for Autonomous Vehicles by Application - Transportation and Defense Markets - Independent Analysis of Annual Sales in Units for Years 2020 through 2019 and % CAGR
REST OF WORLD
Rest of World Recent Past, Current & Future Analysis for Autonomous Vehicles by Application - Transportation and Defense - Independent Analysis of Annual Sales in Units for the Years 2020 through 2027 and % CAGR
Rest of World 7-Year Perspective for Autonomous Vehicles by Application - Percentage Breakdown of Volume Sales for Transportation and Defense for the Years 2020, 2021 & 2027
Rest of World Historic Review for Autonomous Vehicles by Application - Transportation and Defense Markets - Independent Analysis of Annual Sales in Units for Years 2020 through 2019 and % CAGR
Total Companies Profiled: 47

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