Global Autonomous Vehicles (AVs) Market Share, Size, Trends, Industry Analysis Report, By Level of Automation, By Component, By Propulsion Type, By Region, Segment Forecast, 2024- 2031
- Published Date : 2024-11-04
- Pages : 100
- Report Id : 40537
- Categories : Automotive
This report provides a comprehensive analysis of the Global Autonomous Vehicles (AVs) Market, including historical market sizes from 2019 to 2022 and forecasts for 2024 to 2031. The market is estimated to be valued at USD 1,921,100 Million in 2023 and is projected to grow to approximately USD 13,632,400 Million by 2031, reflecting a compound annual growth rate (CAGR) of 32.3% during the forecast period. This growth underscores the increasing demand for advanced data management solutions and highlights the importance of technological innovations in the sector.
The global market for autonomous vehicles (AVs) has been rapidly evolving, driven by advancements in artificial intelligence, machine learning, and sensor technologies. These vehicles are increasingly capturing interest across sectors like transportation, logistics, and public mobility due to their potential to enhance road safety, reduce human error, and improve fuel efficiency. AVs are being integrated into both private and commercial fleets, with applications ranging from self-driving passenger cars to autonomous delivery drones and heavy-duty trucks. The expansion of smart cities and advancements in Internet of Things (IoT) infrastructures are also supporting the growth of AV technology by providing the connectivity and data-driven insights necessary for AV operations. Regulatory frameworks are being established to address safety, ethical considerations, and insurance policies, fostering a controlled environment for AV deployment. Governments and private stakeholders are working to develop AV-compatible infrastructures, such as smart roads and advanced traffic management systems. The transition to fully autonomous vehicles remains gradual, as companies focus on overcoming challenges like weather adaptability, cybersecurity, and public trust. Collaborations between automotive manufacturers and tech companies continue to drive innovation, with many conducting extensive road testing to improve AV reliability. Additionally, the adoption of electric vehicles is intertwining with the AV market, as the two technologies are complementary in terms of environmental benefits and operational efficiency. With continuous advancements, the AV market is expected to redefine transportation by enabling safer, more efficient, and accessible travel solutions in the near future.
For the geography segment, regional supply, demand, major players, and price are presented from 2019 to 2031. This report covers the following regions:
North America
Asia-Pacific
Europe
Middle East and Africa
South America
Segments-
By Level of Automation
Level 0 (No Automation)
Level 1 (Driver Assistance)
Level 2 (Partial Automation)
Level 3 (Conditional Automation)
Level 4 (High Automation)
Level 5 (Full Automation)
The level of automation in autonomous vehicles is categorized into five main stages, from Level 0 (no automation) to Level 5 (full automation). Level 1 vehicles offer driver assistance with features like adaptive cruise control and lane-keeping, while Level 2 provides partial automation with simultaneous steering and braking control. Level 3, or conditional automation, allows vehicles to handle all driving tasks but requires human intervention if necessary. Level 4, or high automation, enables fully autonomous operation within defined geofenced areas, though a driver may still be present. Finally, Level 5, or full automation, envisions vehicles capable of autonomous operation under all conditions without human input. These classifications influence both technological advancements and regulatory requirements, impacting the pace of AV adoption globally.
By Component
Hardware
Software
Services
The components essential for autonomous vehicles are broadly divided into hardware, software, and services. Hardware includes sensors (LiDAR, radar, cameras), processors, and GPS units that collectively enable environmental perception, navigation, and control. Software comprises artificial intelligence (AI), machine learning (ML), and algorithms for data processing, decision-making, and control systems that interpret data and guide vehicle movements. Services encompass maintenance, software updates, cybersecurity, and data management, essential for safe, efficient AV operations. Each component plays a unique role in ensuring seamless AV function, and the interaction between hardware and software components defines the reliability and safety of the vehicle, driving continual investment and research in this segment.
By Propulsion Type
Internal Combustion Engine (ICE) Vehicles
Electric Vehicles (EVs)
Hybrid Electric Vehicles (HEVs)
Fuel Cell Electric Vehicles (FCEVs)
Autonomous vehicles can be categorized by propulsion types: internal combustion engine (ICE), electric vehicles (EVs), and hybrid vehicles. ICE-based autonomous vehicles rely on traditional gasoline or diesel engines, commonly used in early stages of automation. EVs, however, are becoming more popular as they align with sustainability goals and offer better compatibility with electronic control systems in AVs. Hybrid AVs, which use both electric and combustion engines, bridge the transition from traditional to fully electric fleets. With the shift toward green technologies and decreasing battery costs, EVs are anticipated to dominate the AV market in the future, as they support advanced automation systems and help reduce emissions, which aligns with global sustainability efforts.
Key Players
Tesla, Inc.
General Motors (GM)
Ford Motor Company
Toyota Motor Corporation
Volkswagen Group
BMW Group
Honda Motor Co., Ltd.
Hyundai Motor Company
Waymo
Volvo
For the competitor segment, the report includes global key players and some small players. The information for each competitor includes:
Company Profile
Main Business Information
Financial Analysis
Market Share
Please ask for sample pages for the full company list
Base Year: 2023
Historical Data: from 2019 to 2022
Forecast Data: from 2024 to 2031
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TABLE OF CONTENTS
Market Taxonomy
1. Executive Summary
1.1. Market Overview
1.2. Market Analysis and Recommendations
1.3. RA Analysis and Recommendations
2. Market Introduction
2.1. Market Definition
3. Market Background
3.1. Market Overview
3.1.1. Global Autonomous Vehicles (AVs) Market Outlook
3.1.2. Global Autonomous Vehicles (AVs) Market Overview
3.2. Macro-Economic Overview
3.2.1. GDP Growth
3.2.2. Retail Industry Growth
3.3. Pricing Analysis
3.4. Challenges related to the adoption of Global Autonomous Vehicles (AVs) Market
3.5. Regulations of Global Autonomous Vehicles (AVs) Market
3.6. Forecast Factors: Relevance and Impact
3.7. Market Dynamics
3.7.1. Drivers
3.7.2. Restraints
3.7.3. Opportunity
3.7.4. Trends
3.7.5. SWOT Analysis
4. Market Forecast
4.1. Market Value Projections
4.2. Market Size Projections
4.3. Y-o-Y Projections
4.4. Absolute Opportunity Analysis
5. Global Global Autonomous Vehicles (AVs) Market Analysis By Automation Level
5.1. Introduction
5.1.1. Market Value Share Analysis By Automation Level
5.1.2. Y-o-Y Growth Analysis By Automation Level
5.2. Historical Market Size (USD Mn) Analysis 2018-2022 By Automation Level
5.3. Market Attractiveness Analysis By Automation Level
6. Global Global Autonomous Vehicles (AVs) Market Analysis By Component
6.1. Introduction
6.1.1. Market Value Share Analysis By Component
6.1.2. Y-o-Y Growth Analysis By Component
6.2. Historical Market Size (USD Mn) Analysis 2018-2022 By Component
6.3. Market Attractiveness Analysis By Component
7. Market Structure Analysis
7.1. Market Analysis by Tier of Companies
7.2. Market Concentration
8. Competition Analysis
8.1. Competition Dashboard
8.2. Company Profiles (15 Companies)
8.2.1 Tesla, Inc.
8.2.1.1. Overview
8.2.1.2. Technology Portfolio
8.2.1.3. Financial Overview
8.2.2.General Motors (GM)
8.2.2.1. Overview
8.2.2.2. Technology Portfolio
8.2.2.3. Financial Overview
8.2.3. Ford Motor Company
8.2.3.1. Overview
8.2.3.2. Technology Portfolio
8.2.3.3. Financial Overview
8.2.4. Toyota Motor Corporation
8.2.4.1. Overview
8.2.4.2. Technology Portfolio
8.2.4.3. Financial Overview
8.2.5. Volkswagen Group
8.2.5.1. Overview
8.2.5.2. Technology Portfolio
8.2.5.3. Financial Overview
8.2.6. BMW Group
8.2.6.1. Overview
8.2.6.2. Technology Portfolio
8.2.6.3. Financial Overview
8.2.7. Honda Motor Co., Ltd.
8.2.7.1. Overview
8.2.7.2. Technology Portfolio
8.2.7.3. Financial Overview
8.2.8. Hyundai Motor Company
8.2.8.1. Overview
8.2.8.2. Technology Portfolio
8.2.8.3. Financial Overview
8.2.9. Waymo
8.2.9.1. Overview
8.2.8.2. Technology Portfolio
8.2.9.3. Financial Overview
8.2.10. Volvo
8.2.10.1. Overview
8.2.10.2. Technology Portfolio
8.2.10.3. Financial Overview
8.2.11. Company11
8.2.11.1. Overview
8.2.11.2. Technology Portfolio
8.2.11.3. Financial Overview
8.2.12. Company12
8.2.12.1. Overview
8.2.12.2. Technology Portfolio
8.2.12.3. Financial Overview
8.2.13. Company13
8.2.13.1. Overview
8.2.13.2. Technology Portfolio
8.2.13.3. Financial Overview
8.2.14. Company14
8.2.14.1. Overview
8.2.14.2. Technology Portfolio
8.2.14.3. Financial Overview
8.2.15. Company15
8.2.15.1. Overview
8.2.15.2. Technology Portfolio
8.2.15.3. Financial Overview
9. Global Global Autonomous Vehicles (AVs) Market Analysis By Region
9.1. Introduction
9.1.1. Market Value Share Analysis By Region
9.1.2. Y-o-Y Growth Analysis By Region
9.2. Historical Market Size (USD Mn) Analysis 2018-2022 By Region
9.2.1. North America
9.2.2. Middle East and Africa
9.2.3. South America
9.2.4. Asia-Pacific
9.2.5. Others
9.3. Current Market Size (USD Mn) Forecast 2023-2030 By Region
9.3.1. North America
9.3.2. Middle East and Africa
9.3.3. South America
9.3.4. Asia-Pacific
9.3.5. Others
9.4. Market Attractiveness Analysis By Region
10. North America Global Autonomous Vehicles (AVs) Market Analysis
10.1. Introduction
10.2. Historical Market Size (USD Mn) Analysis 2018-2022 By Country
10.2.1. U.S.
10.2.2. Canada
10.2.3. Mexico
10.2.4. Rest of North America
10.3. Current Market Size (USD Mn) Forecast 2023-2030 By Country
10.3.1. U.S.
10.3.2. Canada
10.3.3. Mexico
10.3.4. Rest of North America
10.4. Historical Market Size (USD Mn) Analysis 2018-2022 By Automation Level
10.5. Current Market Size (USD Mn) Forecast 2023-2030 By Automation Level
10.6. Historical Market Size (USD Mn) Analysis 2018-2022 By Component
10.7. Current Market Size (USD Mn) Forecast 2023-2030 By Component
11. South America Global Autonomous Vehicles (AVs) Market Analysis
11.1. Introduction
11.2. Regional Pricing Analysis
11.3. Historical Market Size (USD Mn) Analysis 2018-2022 By Country
11.3.1. Brazil
11.3.2. Argentina
11.3.3. Rest of South America
11.4. Current Market Size (USD Mn) Forecast 2023-2030 By Country
11.4.1. Brazil
11.4.2. Argentina
11.4.3. Rest of South America
11.5. Historical Market Size (USD Mn) Analysis 2018-2022 By Automation Level
11.6. Current Market Size (USD Mn) Forecast 2023-2030 By Automation Level
11.7. Historical Market Size (USD Mn) Analysis 2018-2022 By Component
11.8. Current Market Size (USD Mn) Forecast 2023-2030 By Component
12. Europe Global Autonomous Vehicles (AVs) Market Analysis
12.1. Introduction
12.2. Regional Pricing Analysis
12.3. Historical Market Size (USD Mn) Analysis 2018-2022 By Country
12.3.1. Germany
12.3.2. Italy
12.3.3. France
12.3.4. Spain
12.3.5. U.K.
12.3.6. Rest of Europe
12.4. Current Market Size (USD Mn) Forecast 2023-2030 By Country
12.4.1. Germany
12.4.2. Italy
12.4.3. France
12.4.4. Spain
12.4.5. U.K.
12.4.6. Rest of Europe
12.5. Historical Market Size (USD Mn) Analysis 2018-2022 By Automation Level
12.6. Current Market Size (USD Mn) Forecast 2023-2030 By Automation Level
12.7. Historical Market Size (USD Mn) Analysis 2018-2022 By Component
12.8. Current Market Size (USD Mn) Forecast 2023-2030 By Component
13. Middle East and Africa Global Autonomous Vehicles (AVs) Market Analysis
13.1. Introduction
13.2. Regional Pricing Analysis
13.3. Historical Market Size (USD Mn) Analysis 2018-2022 By Country
13.3.1. Saudi Arabia
13.3.2. U.A.E.
13.3.3. South Africa
13.3.4. Turkey
13.3.5. Rest of Middle East and Africa
13.4. Current Market Size (USD Mn) Forecast 2023-2030 By Country
13.4.1. Saudi Arabia
13.4.2. U.A.E.
13.4.3. South Africa
13.4.4. Turkey
13.4.5. Rest of Middle East and Africa
14. Asia-Pacific Global Autonomous Vehicles (AVs) Market Analysis
14.1. Introduction
14.2. Regional Pricing Analysis
14.3. Historical Market Size (USD Mn) Analysis 2018-2022 By Country
14.3.1. China
14.3.2. India
14.3.3. Japan
14.3.4. South Korea
14.3.5. Singapore
14.3.6. Australia and New Zealand
14.3.7. Rest of Asia-Pacific
14.4. Current Market Size (USD Mn) Forecast 2023-2030 By Country
14.4.1. China
14.4.2. India
14.4.3. Japan
14.4.4. South Korea
14.4.5. Singapore
14.4.6. Australia and New Zealand
14.4.7. Rest of Asia-Pacific
i. Research Methodology
ii. Assumptions & Acronyms
LIST OF FIGURES
Figure 01: Global Molecular Methods For Food Safety Testing, BPS Analysis, By Automation Level, 2018(H), 2023(E) & 2030(F)
Figure 02: Global Molecular Methods For Food Safety Testing, Y-O-Y Growth, By Automation Level, 2020(A) - 2030(F)
Figure 03: Global Global Autonomous Vehicles (AVs) Market Attractiveness Analysis, By Automation Level (2020)
Figure 04: Global Molecular Methods For Food Safety Testing, BPS Analysis, By Component, 2018(H), 2023(E) & 2030(F)
Figure 05: Global Molecular Methods For Food Safety Testing, Y-O-Y Growth, By Component, 2018(H) - 2030(F)
Figure 06: Global Global Autonomous Vehicles (AVs) Market Attractiveness Analysis, By Component
Figure 07: Global Molecular Methods For Food Safety Testing, Value Analysis, By Automation Level, 2018(H)-2030(F)
Figure 08: Global Molecular Methods For Food Safety Testing, Value Analysis, by Service, 2018(H)-2030(F)
Figure 09: Global Molecular Methods For Food Safety Testing, BPS Analysis, by Region, 2018(H), 2023(E) & 2030(F)
Figure 10: Global Molecular Methods For Food Safety Testing, Y-O-Y Growth, by Region, 2018(H) - 2030(F)
Figure 11: Global Global Autonomous Vehicles (AVs) Market Attractiveness Analysis, by Region
Figure 12: North America Global Autonomous Vehicles (AVs) Market Value (USD Mn Forecast, 2018 – 2022
Figure 13: North America Global Autonomous Vehicles (AVs) Market Value (USD Mn Forecast, 2023 – 2030
Figure 14: South America Global Autonomous Vehicles (AVs) Market Value (USD Mn) Forecast, 2018 – 2022
Figure 15: South America Global Autonomous Vehicles (AVs) Market Value (USD Mn) Forecast, 2023 – 2030
Figure 16: Europe Global Autonomous Vehicles (AVs) Market Value (USD Mn) Forecast, 2018 – 2022
Figure 17: Europe Global Autonomous Vehicles (AVs) Market Value (USD Mn) Forecast, 2023 – 2030
Figure 18: Middle East and Africa Global Autonomous Vehicles (AVs) Market Value (USD Mn) Forecast, 2018 – 2022
LIST OF TABLES
Table 01: Global Global Autonomous Vehicles (AVs) Market Value (USD Mn) Forecast, By Automation Level, 2018(H) – 2030(F)
Table 02: Global Global Autonomous Vehicles (AVs) Market Value (USD Mn) Forecast, By Component, 2018(H) – 2030(F)
Table 03: Global Global Autonomous Vehicles (AVs) Market Value (USD Mn) Forecast, By Country, 2018(H) – 2030(F)
Table 04: North America Global Autonomous Vehicles (AVs) Market Value (USD Mn) Forecast, by Country, 2018(H) – 2030(F)
Table 05: North America Global Autonomous Vehicles (AVs) Market Value (USD Mn) Forecast, By Automation Level, 2018(H) – 2030(F)
Table 06: North America Global Autonomous Vehicles (AVs) Market Value (USD Mn) Forecast, By Component, 2018(H) – 2030(F)
Table 07: South America Global Autonomous Vehicles (AVs) Market Value (USD Mn) Forecast, By Country, 2018(H) – 2030(F)
Table 08: South America Global Autonomous Vehicles (AVs) Market Value (USD Mn) Forecast, By Automation Level, 2018(H) – 2030(F)
Table 09: South America Global Autonomous Vehicles (AVs) Market Value (USD Mn) Forecast, By Component, 2018(H) – 2030(F)
Table 10: Europe Global Autonomous Vehicles (AVs) Market Value (USD Mn) and Forecast, by Country, 2018(H) – 2030(F)
Table 11: Europe Global Autonomous Vehicles (AVs) Market Value (USD Mn) Forecast, By Automation Level, 2018(H) – 2030(F)
Table 12: Europe Global Autonomous Vehicles (AVs) Market Value (USD Mn) Forecast, By Component End-user, 2018(H) – 2030(F)
Table 13: Middle East and Africa Global Autonomous Vehicles (AVs) Market Value (USD Mn) Forecast, By Country, 2018(H) – 2030(F)
Table 14: Middle East and Africa Global Autonomous Vehicles (AVs) Market Value (USD Mn) Forecast, By Automation Level, 2018(H) – 2030(F)
Table 15: Middle East and Africa Global Autonomous Vehicles (AVs) Market Value (USD Mn) Forecast, By Component, 2018(H) – 2030(F)
Table 16: Asia-Pacific Global Autonomous Vehicles (AVs) Market Value (USD Mn) Forecast, by Country, 2018(H) – 2030(F)
Table 17: Asia-Pacific Global Autonomous Vehicles (AVs) Market Value (USD Mn) Forecast, By Automation Level, 2018(H) – 2030(F)
Table 18: Asia-Pacific Global Autonomous Vehicles (AVs) Market Value (USD Mn) Forecast, By Component, 2018(H) – 2030(F)
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