Autonomous Vehicle Market to spawn Many Opportunities for ICT Solutions in Support of the Smart Transportation Ecosystem
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This report offers a comprehensive analysis of the autonomous vehicle (AV) market, forecasting its growth across different segments and regions from 2025 to 2030. It provides global and regional forecasts for the autonomous vehicle market including hardware, software, and services along with emerging technologies. The report covers:
- Market segments: Hardware, software, services, and emerging technologies.
- Vehicle types: Personal, shared, rental, ICE, EV, and hybrid.
The Disruptive Impact of AVs
AVs are set to revolutionize the automotive industry, impacting everything from personal transportation and public transit to commercial fleets and insurance practices.
This disruption will intensify as vehicles become more autonomous, evolving from human-controlled to fully automated systems. AVs are expected to become the foundation of "transportation as a service" globally.
The report also examines the disruption caused by electric vehicles (EVs) and their impact on the automotive supply chain, consumer perception, and vehicle lifecycle management.
Factors Driving AV Growth
The AV market is poised for rapid growth, driven by factors like cost reduction, safety improvements, and evolving consumer attitudes. Government initiatives, such as the U.S. Department of Transportation's Automated Vehicles Comprehensive Plan, are also playing a key role in fostering AV adoption.
Global Developments
The report highlights global efforts to advance AV technology, with countries like China and South Korea making significant investments in research and infrastructure development.
The US is home to many leading AV companies like Tesla, Waymo, and Cruise, driving innovation in areas like AI, sensor technology, and software development. However, the Chinese government is heavily investing in AV technology and infrastructure, aiming to become a global leader in the field.
Consumer Benefits
AVs offer numerous benefits to consumers, including lower transportation costs, increased accessibility, and opportunities for ride-sharing and fractional ownership. These benefits are expected to significantly impact traditional automakers and the overall automotive industry ecosystem.
Consumer benefits go beyond private ownership as ride sharing via so called “robo-taxis” is becoming increasingly popular within certain geographic locations.
Challenges and Opportunities
While public trust and safety concerns remain, the AV market is moving beyond the early adopter phase. The report takes into consideration current challenges, such as existing sensor technology can struggle in adverse weather conditions (e.g., heavy rain, fog, snow) and may have difficulty accurately perceiving complex or unpredictable environments.
Overcoming these and other challenges will require collaboration between automakers, technology companies, policymakers, and the public. By addressing these hurdles, the autonomous vehicle industry can pave the way for a future where self-driving cars revolutionize transportation, making it safer, more efficient, and more accessible for all.
The biggest opportunity is for autonomous vehicles to gain development and adoption scale. Currently, developing and deploying autonomous vehicle technology is expensive, which can limit its accessibility and affordability for consumers. Scaling up production and achieving mass adoption of autonomous vehicles will require significant investment in manufacturing, infrastructure, and support systems.
Due to these challenges and other factors, widespread adoption is anticipated by 2030.
Connected Vehicles and AVs
The report also explores the convergence of connected vehicles and AVs, both of which rely on IoT technologies and advanced connectivity solutions. This convergence will lead to new in-vehicle experiences and applications for passengers.
Commercial Applications
The report highlights the growing use of AVs in commercial fleets, particularly in the shipping and trucking industries. Heavy haul trucking is identified as a key area for AV adoption.
This report provides a comprehensive overview of the autonomous vehicle market, its potential impact, and the factors driving its growth. It offers valuable insights for stakeholders across the automotive ecosystem, including manufacturers, technology providers, policymakers, and consumers.
Report Benefits:
- Obtain forecasts for the autonomous vehicle market from 2025-2030. The forecasts are provided for the overall market, as well as for individual components of the market including hardware, software, and services. The forecasts are also provided for different vehicle types including cars, trucks, buses, and armored vehicles.
- Identify the Public transportation systems the impact of autonomous vehicles on facets of the automotive industry including car rental and sharing systems, vehicle leasing and ownership, industrial transportation, automotive insurance practices and systems, learn from case studies that describe the ways in which companies are currently using autonomous vehicle technology
- Understand the impact of related technologies on the development of autonomous vehicles, including: The Internet of Things, Artificial Intelligence, 5G, Mobile Edge Computing, Data Analytics, Smart Building Integration
Select Report Findings:
- The North American market is expected to be the largest region, and it is expected to be $457 billion by 2030.
- The market for autonomous vehicles in trucking is expected to grow at a compound annual growth rate (CAGR) of 41.1% from 2025 to 2030.
- The market for advanced driver-assistance systems (ADAS) is expected to grow at a CAGR of 33.7% from 2025 to 2030.
- Autonomous vehicles are poised to transform the automotive industry, impacting public transportation, car rentals, vehicle ownership, industrial transportation, and insurance.
- The transition to fully autonomous vehicles will be gradual, with levels 1-4 combining human oversight with autopilot features.
- Autonomous vehicles will become the foundation of transportation as a service (TaaS) globally.
With the purchase of this report at the Multi-user License or greater level, you will have access to one hour with an expert analyst who will help you link key findings in the report to the business issues you're addressing. This will need to be used within three months of purchase.
This report also includes a complimentary Excel file with data from the report for purchasers at the Site License or greater level.
Table of Contents
1.0 Executive Summary
Companies Mentioned
- 360 Capital Partners
- AB Volvo
- AEye
- AImotive
- Alibaba
- Alphabet Inc.
- Amazon
- AMD
- American Center Mobility
- Ansys
- Apple
- Aptiv
- Arbe Robotics
- Argo
- Aston Martin
- Audi AG
- Aurora
- Autoliv Inc.
- Autotalks Ltd.
- AutoX
- AyeAI
- BAIC Group
- Baidu Inc.
- Baojun
- Beijing Automotive Group
- Beijing TrunkTech Co. Ltd.
- BharatBenz
- Blackberry QNX
- BMW AG
- Bosch
- BYD
- Cadillac
- CarShield
- Chevrolet
- China Mobile
- Chrysler
- Cisco Systems Inc.
- Civil Maps
- CNH Industrial Group
- Cobra
- Cognata
- Cohda Wireless
- Commsignia
- Continental AG
- Cruise LLC
- DAF Trucks
- Daimler AG
- Datsun
- DeepMap
- DeepScale
- DeNA
- DENSO Corporation
- Detroit Diesel
- Didi Chuxing Technology
- Dodge
- Domino’s
- DOT
- Drive.ai
- Drvline
- DS
- EasyMile
- Einride
- Embark Trucks
- Ericsson
- Faction Technology
- FedEx
- Ferrari
- Fiat
- Ficosa International SA
- Ford Motor Company
- Freescale Semiconductor
- Freightliner Trucks
- GAC Aion [New Product Launch]
- Gatik
- Geely
- General Motors
- Geometry
- Glory Ventures
- Grab
- GrabTaxi Holdings
- Groupe PSA
- Groupe Renault
- Harman
- HERE Maps
- HERE Technologies
- Hesai Tech
- HiRain Technologies
- Hitachi
- Holden
- Honda Motor Company
- Huawei
- Hyundai
- iBionext
- Idriverplus
- Infiniti
- Innoviz
- Innoviz Technologies
- Innovusion
- Intel Corp.
- InVisage Technologies
- Iveco
- Jaguar Land Rover
- Jasper
- Jeep
- Jiangling Motors
- Jiefang
- KAMAZ
- Kroger
- Lab126
- Lancia
- LeddarTech
- LEVC
- Light
- LiteOS
- Loblaw Companies Ltd.
- Local Motors
- LoJack
- Lotus Cars
- Luminar Technologies Inc.
- Lunewave
- Lyft
- LYNK & CO
- Magna International
- MAN SE
- Maserati
- May Mobility
- Mercedes Benz
- Metawave
- MG Cars
- Microsoft Corp.
- Mimik Technology
- Mistral Solutions
- Mitsubishi Fuso Truck and Bus Corporation
- Mitsubishi Motors Corporation
- Momenta
- Motional
- MV Agusta
- Naver
- Navya
- NHTSA
- NIO
- Nissan Motor Corporation
- Nuro
- nuTonomy
- Nvidia Corp.
- NXP Semiconductors
- OpenDNS
- Optimus Ride
- Ouster Inc.
- Paccar Inc.
- Panasonic Corp.
- Peterbilt Motors Company
- Pix-E
- Plus
- Polestar
- Pony.ai
- Porsche
- Porsche AG
- Postmates
- Prophesee
- PROTON Holdings
- Qualcomm
- Quanergy Systems Inc.
- Ram Trucks
- ReachNow
- Renault
- Renault-Nissan-Mitsubishi Alliance
- Robert Bosch GmbH
- Robosense
- Royal Institute of Technology
- SAIC Motor
- SAIC Motors
- Samsung Electronics Co.
- Scania AB
- Sedric
- Sensible 4
- Setra
- Seyond
- SHIELD
- Shopbop
- Smart Automobile
- Smarter Eye
- SoftBank
- SoftBank Corp.
- Sony
- Stellantis
- StreetDrone
- Supernova Invest
- Tata Motors
- Tegra
- Telia Company AB
- Tencent
- Terrafugia
- Tesla Inc.
- The Book Depository
- Thomas Built Buses
- TomTom
- Toshiba
- Toyota Motor Corporation
- Troller
- TrunkTech
- TuSimple
- Twitch
- Uber Technologies Inc.
- Ursa Robotics
- Valeo
- VectoIQ Acquisition Corporation
- Velodyne
- Velodyne Lidar, Inc.
- Vertex Ventures
- Viper
- Visteon
- Volkswagen AG
- Volvo Group
- Voyage [V2X Sensors and Communications]
- Walmart Inc.
- Waymo LLC
- WebEx
- WeRide
- Western Star
- Woot
- Wuling Motors
- Yutong Group
- Zenuity
- ZF Friedrichshafen
- Zhejiang Geely Holding Group
- Zoox Inc.
Methodology
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