Autonomous vehicles market size to grow by USD 319.41 billion: Auto parts and equipment industry is the parent market - Technavio
NEW YORK, Dec. 7, 2022 /PRNewswire/ -- The global autonomous vehicles market has been categorized as a part of the global auto parts and equipment market. The parent market, the global auto parts and equipment market, covers companies engaged in the production of vehicles such as passenger cars, commercial vehicles, and all-terrain vehicles.
The autonomous vehicles market size is forecasted to grow by USD 319.41 billion from 2022 to 2027. The market is estimated to grow at a CAGR of 38.45% during the forecast period, according to Technavio.Download a sample
The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies, growth strategies, product innovations, new product launches, investments, and growth in market share, among others. Buy the report
Autonomous vehicles market 2023-2027: Scope
The autonomous vehicles market report covers the following areas:
The market is fragmented, with the presence of major market participants. Autonomous vehicle manufacturers are working on developing prototypes as per the demands of customers. Prominent vendors are expected to focus on exploring multiple revenue enablers, such as rental services, during the forecast period. Moreover, tier-2 and tier-3 suppliers provide components such as sensors, actuators, and batteries.
AB Volvo, Alphabet Inc., Amazon.com Inc., Baidu Inc., BMW AG, Continental AG, Ford Motor Co., General Motors Co, Honda Motor Co. Ltd, Hyundai Motor Co, Intel Corp., Mercedes Benz Group AG, Navistar International Corp., Renault SAS, Robert Bosch GmbH, Stellantis NV, Tesla Inc., Toyota Motor Corp., and Volkswagen AG are among some of the major market participants.
The transportation and logistics segment will contribute significantly to the growth of the global market during the forecast period. The use of autonomous vehicles for logistics is expected to grow rapidly. In addition, many manufacturers, autonomous technology developers, and system integrators are evaluating the commercial viability of fully autonomous buses for transportation and logistics. Various operational modes, such as line-based transit and shuttle services, are under consideration for autonomous buses.
Vehicle type
Autonomous passenger car
Autonomous commercial vehicles
Geography
North America
APAC
Europe
South America
Middle East And Africa
North America is estimated to account for 37% of the market's growth during the forecast period. The region is transitioning from light-duty vehicles to autonomous technology owing to the rising demand for safety and convenience. This indicates a potential opportunity for advanced technologies. The US, Canada, and Mexico are expected to be the major contributors to the autonomous vehicles market in the region.
Global autonomous vehicle sensors market by product and geography - Forecast and analysis 2022-2026: The autonomous vehicle sensors market size is expected to increase by 42.32 million units from 2021 to 2026. This report extensively covers segmentation by product (image sensors, radar sensors, LiDAR sensors, and other sensors) and geography (North America, Europe, APAC, South America, and the Middle East and Africa).
North America, APAC, Europe, South America, and Middle East and Africa
Performing market contribution
North America at 37%
Key consumer countries
US, China, Japan, Germany, and France
Competitive landscape
Leading companies, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Companies profiled
AB Volvo, Alphabet Inc., Amazon.com Inc., Baidu Inc., BMW AG, Continental AG, Ford Motor Co., General Motors Co, Honda Motor Co. Ltd, Hyundai Motor Co, Intel Corp., Mercedes Benz Group AG, Navistar International Corp., Renault SAS, Robert Bosch GmbH, Stellantis NV, Tesla Inc., Toyota Motor Corp., and Volkswagen AG
Market Dynamics
Parent Market Analysis; Market growth inducers and obstacles; Fast-growing and slow-growing segment analysis for the forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Exhibit 54: Data Table on Autonomous commercial vehicles sales - Year-over-year growth 2022-2027 (%)
7.5 Market opportunity by Vehicle Type
Exhibit 55: Market opportunity by Vehicle Type ($ billion)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Exhibit 57: Chart on Market share by geography 2022-2027 (%)
Exhibit 58: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 59: Chart on Geographic comparison
Exhibit 60: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2022-2027
Exhibit 61: Chart on North America - Market size and forecast 2022-2027 ($ billion)
Exhibit 62: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
Exhibit 63: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 64: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.4 Europe - Market size and forecast 2022-2027
Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.5 APAC - Market size and forecast 2022-2027
Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)
9.6 South America - Market size and forecast 2022-2027
Exhibit 73: Chart on South America - Market size and forecast 2022-2027 ($ billion)
Exhibit 74: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
Exhibit 75: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 76: Data Table on South America - Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa - Market size and forecast 2022-2027
Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
9.8 US - Market size and forecast 2022-2027
Exhibit 81: Chart on US - Market size and forecast 2022-2027 ($ billion)
Exhibit 82: Data Table on US - Market size and forecast 2022-2027 ($ billion)
Exhibit 83: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on US - Year-over-year growth 2022-2027 (%)
9.9 Germany - Market size and forecast 2022-2027
Exhibit 85: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
Exhibit 86: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
Exhibit 87: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on Germany - Year-over-year growth 2022-2027 (%)
9.10 China - Market size and forecast 2022-2027
Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ billion)
Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ billion)
Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)
9.11 Japan - Market size and forecast 2022-2027
Exhibit 93: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
Exhibit 94: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
Exhibit 95: Chart on Japan - Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on Japan - Year-over-year growth 2022-2027 (%)
9.12 France - Market size and forecast 2022-2027
Exhibit 97: Chart on France - Market size and forecast 2022-2027 ($ billion)
Exhibit 98: Data Table on France - Market size and forecast 2022-2027 ($ billion)
Exhibit 99: Chart on France - Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on France - Year-over-year growth 2022-2027 (%)
9.13 Market opportunity by geography
Exhibit 101: Market opportunity by geography ($ billion)
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 102: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
Exhibit 103: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 104: Overview on factors of disruption
11.4 Industry risks
Exhibit 105: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
Exhibit 106: Vendors covered
12.2 Market positioning of vendors
Exhibit 107: Matrix on vendor position and classification
12.3 AB Volvo
Exhibit 108: AB Volvo - Overview
Exhibit 109: AB Volvo - Business segments
Exhibit 110: AB Volvo - Key offerings
Exhibit 111: AB Volvo - Segment focus
12.4 Alphabet Inc.
Exhibit 112: Alphabet Inc. - Overview
Exhibit 113: Alphabet Inc. - Business segments
Exhibit 114: Alphabet Inc. - Key news
Exhibit 115: Alphabet Inc. - Key offerings
Exhibit 116: Alphabet Inc. - Segment focus
12.5 Baidu Inc.
Exhibit 117: Baidu Inc. - Overview
Exhibit 118: Baidu Inc. - Business segments
Exhibit 119: Baidu Inc. - Key offerings
Exhibit 120: Baidu Inc. - Segment focus
12.6 BMW AG
Exhibit 121: BMW AG - Overview
Exhibit 122: BMW AG - Business segments
Exhibit 123: BMW AG - Key offerings
Exhibit 124: BMW AG - Segment focus
12.7 Continental AG
Exhibit 125: Continental AG - Overview
Exhibit 126: Continental AG - Business segments
Exhibit 127: Continental AG - Key offerings
Exhibit 128: Continental AG - Segment focus
12.8 Ford Motor Co.
Exhibit 129: Ford Motor Co. - Overview
Exhibit 130: Ford Motor Co. - Business segments
Exhibit 131: Ford Motor Co. - Key news
Exhibit 132: Ford Motor Co. - Key offerings
Exhibit 133: Ford Motor Co. - Segment focus
12.9 General Motors Co
Exhibit 134: General Motors Co - Overview
Exhibit 135: General Motors Co - Business segments
Exhibit 136: General Motors Co - Key news
Exhibit 137: General Motors Co - Key offerings
Exhibit 138: General Motors Co - Segment focus
12.10 Honda Motor Co. Ltd
Exhibit 139: Honda Motor Co. Ltd - Overview
Exhibit 140: Honda Motor Co. Ltd - Business segments
Exhibit 141: Honda Motor Co. Ltd - Key news
Exhibit 142: Honda Motor Co. Ltd - Key offerings
Exhibit 143: Honda Motor Co. Ltd - Segment focus
12.11 Hyundai Motor Co
Exhibit 144: Hyundai Motor Co - Overview
Exhibit 145: Hyundai Motor Co - Business segments
Exhibit 146: Hyundai Motor Co - Key news
Exhibit 147: Hyundai Motor Co - Key offerings
Exhibit 148: Hyundai Motor Co - Segment focus
12.12 Intel Corp.
Exhibit 149: Intel Corp. - Overview
Exhibit 150: Intel Corp. - Business segments
Exhibit 151: Intel Corp. - Key news
Exhibit 152: Intel Corp. - Key offerings
Exhibit 153: Intel Corp. - Segment focus
12.13 Mercedes Benz Group AG
Exhibit 154: Mercedes Benz Group AG - Overview
Exhibit 155: Mercedes Benz Group AG - Business segments
Exhibit 156: Mercedes Benz Group AG - Key offerings
Exhibit 157: Mercedes Benz Group AG - Segment focus
12.14 Navistar International Corp.
Exhibit 158: Navistar International Corp. - Overview
Exhibit 159: Navistar International Corp. - Business segments
Exhibit 160: Navistar International Corp. - Key offerings
Exhibit 161: Navistar International Corp. - Segment focus
12.15 Renault SAS
Exhibit 162: Renault SAS - Overview
Exhibit 163: Renault SAS - Product / Service
Exhibit 164: Renault SAS - Key news
Exhibit 165: Renault SAS - Key offerings
12.16 Robert Bosch GmbH
Exhibit 166: Robert Bosch GmbH - Overview
Exhibit 167: Robert Bosch GmbH - Business segments
Exhibit 168: Robert Bosch GmbH - Key news
Exhibit 169: Robert Bosch GmbH - Key offerings
Exhibit 170: Robert Bosch GmbH - Segment focus
12.17 Volkswagen AG
Exhibit 171: Volkswagen AG - Overview
Exhibit 172: Volkswagen AG - Business segments
Exhibit 173: Volkswagen AG - Key offerings
Exhibit 174: Volkswagen AG - Segment focus
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 175: Inclusions checklist
Exhibit 176: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 177: Currency conversion rates for US$
13.4 Research methodology
Exhibit 178: Research methodology
Exhibit 179: Validation techniques employed for market sizing
Exhibit 180: Information sources
13.5 List of abbreviations
Exhibit 181: List of abbreviations
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