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Global Autonomous Vehicles Market

Global Autonomous Vehicles Market - Analysis & Forecast (2016-2025) (Focus on Major Levels of Technology and Vehicle Types)

Automobiles are one of the most important components of the transportation system, and have emerged as an essential necessity for every individual in the modern times. This factor contributes primarily to the increase in number of vehicles on the road at present, and therefore, leads to an increase in the number of accidents and road congestion.

SKU: BA012A
Published Year: 2017
 
 

The global autonomous vehicle market is experiencing an exponential growth rate due to the rising concerns for improving road safety and ease of driving experience. This high scale of growth of the autonomous vehicle industry is subsequently influencing the market, wherein companies are testing the efficiency and feasibility of their automated systems. Furthermore, usage of automated vehicles is expected to decrease the overall road congestion, therefore, improving the traffic flow to a certain level. The different level of vehicle automation include level 1 (Advanced Driver Assistance Systems), level 2 (partial automation), level 3 (conditional automation), level 4 (high automation) and level 5 (fully autonomous). By analysis, the number of vehicles (both passenger cars and commercial vehicles) equipped with level 2 autonomous systems in 2016, is estimated to be 2.73 million units.

Following points provide a comprehensive description of the report content and the topics covered in the report:

  • This report identifies the global autonomous vehicle market under different segments such as by technology, vehicle type, and geography
  • The study includes the market analysis and forecast of global autonomous vehicle market for different level of automation in period 2015 to 2025. The study incorporates the market value of level 1 automated systems (in both passenger cars and commercial vehicles) and volume of level 2 equipped vehicles (both passenger cars and commercial vehicles) for the forecast period
  • The report covers the technology- penetration of level 3, level 4 and level 5 autonomous system in passenger cars for the years 2015, 2020 and 2025
  • It examines the prime supply and demand side factors affecting the growth of the market along with the current and future trends prevalent in the global autonomous vehicle market.
  • The report further presents a detailed examination of autonomous vehicle market along the lines of market drivers, restraints, and growth opportunities
  • The report also highlights strategic benchmarking followed by the major OEM’s 
  • A detailed competitive analysis has been included in this report which focuses on the key market developments & strategies followed by the key players in the market.
  • The report also includes patent analysis and the investment scenario original equipment manufacturers (OEMs)
  • Autonomous vehicle market has been analyzed for all geographies including North America, Europe, Asia-Pacific, and Rest of the World with further analysis with respect to the level of automation. Further, individual regions has been segmented and analyzed according to major countries.
  • The key market players are analyzed and profiled in detail in the report. This section covers business financials, company snapshots, key products & services, major developments, and future programs (if any).

TABLE OF CONTENT
Executive Summary
1 Research Scope & BIS Methodology
1.1 Scope of the Report
1.2 Global Autonomous Vehicle Market Research Methodology
2 Market Dynamics
2.1 Drivers
2.1.1 Decline in Road Accidents
2.1.2 Reduction in Traffic Flow
2.1.3 Reduced Dependency on Human Drivers
2.2 Restraints
2.2.1 Safety Concerns on the Usage of Autonomous Vehicles
2.2.2 Substandard Infrastructural Conditions
2.2.3 Technological Challenges for a Self-driving System
2.3 Opportunities
2.3.1 High Potential of Autonomous Vehicles in the Commercial Sector
2.3.2 High Anticipated Growth Rate for Component Manufacturers
2.3.3 New Business Model for OEMs and Insurance Companies
3 Competitive Insights
3.1 Competitive Landscape
3.1.1 Business Expansion
3.1.2 Product Launches & Developments
3.1.3 Partnerships, Collaborations & Joint Ventures
3.1.4 Mergers and Acquisitions
3.1.5 Others (Events, Awards, and Achievements)
3.2 Key Market Strategies and Developments
3.3 Strategic Benchmarking of Key Players
3.4 Investment by Major OEMs
3.5 Patent Scenario
4 Assumptions and Limitations
4.1 Assumptions & Limitations for Market Size Calculations
5 Global Autonomous Vehicle Market by Technology Levels
5.1 Level 1 (Advanced Driver Assistance Systems, ADAS) Vehicle Market Size, 2015-2025
5.2 Level 2 (Partial Automation) Autonomous Vehicle Market Size, 2015-2025
5.2.1 Traffic Jam Assist
5.2.2 Park Assist
5.3 Level 3 (Conditional Automation) Autonomous Vehicle Market Penetration, 2015, 2020 & 2025
5.3.1 Highway Chauffeur
5.3.2 Traffic Jam Pilot
5.4 Level 4 (High Automation) Autonomous Vehicle Market Penetration, 2015, 2020 & 2025
5.4.1 Valet Parking/Parking Garage Pilot
5.4.2 Highway Pilot
5.5 Level 5 (Full Automation) Autonomous Vehicle Market Penetration, 2015, 2020 & 2025
6 Global Autonomous Vehicle Market by Vehicle Type
6.1 Passenger Cars: Autonomous Vehicle Market, 2015-2025
6.1.1 Level 1 (Advanced Driver Assistance System, ADAS) Market Size by Passenger Cars, 2015-2025
6.1.2 Level 2 (Partial Automation) Market Size by Passenger Cars, 2015-2025
6.1.3 Level 3, Level 4 and Level 5 Market Penetration by Passenger Cars, 2015, 2020 & 2025
6.2 Commercial Vehicles: Autonomous Vehicle Market, 2015-2025
6.2.1 Level 1 (Advanced Driver Assistance System, ADAS) Market Size by Commercial Vehicles, 2015-2025
6.2.2 Level 2 (Partial Automation) Market Size by Commercial Vehicles, 2015-2025
6.2.3 Key Developments: Level 3, Level 4 and Level 5 Market by Commercial Vehicles
6.2.3.1 Light Commercial Vehicles
6.2.3.2 Trucks
6.2.3.3 Buses
7 Global Autonomous Vehicle Market by Geography
7.1 Level 1 (Advanced Driver Assist System, ADAS) Market by Geography
7.2 Level 2 (Partial Automation) Autonomous Vehicle Market by Geography
7.3 Level 3, Level 4 and Level 5 Autonomous Vehicle Market Penetration by Geography
7.4 North America: Autonomous Vehicle Market, 2015-2025
7.4.1 North America: Level 1 Market by Country, 2015-2025
7.4.2 North America Level 2 Autonomous Vehicle Market by Country, 2015-2025
7.4.3 North America Level 3, Level 4 and Level 5 Autonomous Vehicle Market Penetration, 2015-2025
7.4.4 The U.S: Autonomous Vehicle Market, 2015-2025
7.5 Europe Autonomous Vehicle Market, 2015-2025
7.5.1 Europe Level 1 (Advanced Driver Assist System, ADAS) Market by Country, 2015-2025
7.5.2 Europe Level 2 Autonomous Vehicle Market by Country, 2015-2025
7.5.3 Europe Level 3, Level 4 and Level 5 Autonomous Vehicle Market Penetration, 2015, 2020 & 2025
7.5.4 Germany Autonomous Vehicle Market, 2015-2025
7.5.5 The U.K. Autonomous Vehicle Market, 2015-2025
7.5.6 France Autonomous Vehicle Market, 2015-2025
7.6 Asia-Pacific (APAC) Autonomous Vehicle Market, 2015-2025
7.6.1 APAC Level 1 (Advanced Driver Assist System, ADAS) Market by Country, 2015-2025
7.6.2 APAC Level 2 Autonomous Vehicle Market by Country, 2015-2025
7.6.3 APAC Level 3, Level 4 and Level 5 Autonomous Vehicle Market Penetration, 2015, 2020 & 2025
7.6.4 China Autonomous Vehicle Market, 2015-2025
7.6.5 Japan Autonomous Vehicle Market, 2015-2025
7.7 Rest of the World (RoW) Autonomous Vehicle Market, 2015-2025
7.7.1 RoW Level 1 (Advanced Driver Assist System, ADAS) Market by Region, 2015-2025
7.7.2 RoW Level 2 Autonomous Vehicle Market, 2015-2025
7.7.3 RoW Level 3, Level 4 and Level 5 Autonomous Vehicle Market Penetration, 2015, 2020 & 2025
7.7.4 South America Autonomous Vehicle Market, 2015-2025
7.7.5 Middle East & Africa (MEA) Autonomous Vehicle Market, 2015-2025
8 Company Profiles
8.1 OEMs
8.1.1 Daimler AG
8.1.1.1 Company Overview
8.1.1.2 Product Offerings
8.1.1.3 Financials
8.1.1.4 Financial Summary
8.1.2 Audi AG
8.1.2.1 Company Overview
8.1.2.2 Product Offerings
8.1.2.3 Financials
8.1.2.4 Financial Summary
8.1.3 General Motors Company
8.1.3.1 Company Overview
8.1.3.2 Product Offerings
8.1.3.3 Financials
8.1.3.4 Financial Summary
8.1.4 Toyota Motor Corporation
8.1.4.1 Company Overview
8.1.4.2 Product Offerings
8.1.4.3 Financials
8.1.4.4 Financial Summary
8.1.5 Ford Motor Company
8.1.5.1 Company Overview
8.1.5.2 Product Offerings
8.1.5.3 Financials
8.1.5.4 Financial Summary
8.1.6 Nissan Motor Corporation
8.1.6.1 Company Overview
8.1.6.2 Product Offerings
8.1.6.3 Financials
8.1.6.4 Financial Summary
8.1.7 Volkswagen AG
8.1.7.1 Company Overview
8.1.7.2 Product Offerings
8.1.7.3 Financials
8.1.7.4 Financial Summary
8.1.8 Bayerische Motoren Werke AG
8.1.8.1 Company Overview
8.1.8.2 Product Offerings
8.1.8.3 Financials
8.1.8.4 Financial Summary
8.1.9 Fiat Chrysler Automobiles (FCA) NV
8.1.9.1 Company Overview
8.1.9.2 Product Offerings
8.1.9.3 Financials
8.1.9.4 Financial Summary
8.1.10 Volvo Group
8.1.10.1 Company Overview
8.1.10.2 Product Offerings
8.1.10.3 Financials
8.1.10.4 Financial Summary
8.1.11 Tesla Motors Inc.
8.1.11.1 Company Overview
8.1.11.2 Product Offerings
8.1.11.3 Financials
8.1.11.4 Financial Summary
8.2 Tier 1
8.2.1 Denso Corporation
8.2.1.1 Company Overview
8.2.1.2 Product Portfolio
8.2.1.3 Financials
8.2.1.4 Financial Summary
8.2.2 HERE
8.2.2.1 Company Overview
8.2.2.2 Product Offerings
8.2.2.3 Financials
8.2.3 Mobileye N.V.
8.2.3.1 Company Overview
8.2.3.2 Product Offerings
8.2.3.3 Financials
8.2.3.4 Financial Summary
8.2.4 NVIDIA Corporation
8.2.4.1 Company Overview
8.2.4.2 Product Offering
8.2.4.3 Financials
8.2.4.4 Financial Summary
9 Appendix
9.1 Related Reports
List of Tables
Table 3.1  Key Business Expansion Activities
Table 3.2  Key Product Launches
Table 3.3  Key Partnerships/Collaborations/Joint Ventures
Table 3.4  Key Mergers and Acquisitions
Table 3.5  Key Awards/Achievements/Events
Table 3.6  Key Strategic Developments by Tier-1 and Other Emerging Companies
Table 5.1  Level 1 (Advanced Driver Assistance Systems, ADAS) Market by Solutions, 2015-2025 ($Million)
Table 5.2  Level 1 (Advanced Driver Assistance Systems, ADAS) Market by Sensors, 2015-2025 ($Million)
Table 5.3  Level 1 (Advanced Driver Assistance Systems, ADAS) Market by Sensors, 2015-2025 (Million Units)
Table 5.4  List of Companies Testing Level 4 Technology
Table 5.5  Key Developments: Level 5 (High Automation) Market
Table 6.1  Level 1 (Advanced Driver Assistance Systems, ADAS) Market of Passenger Cars by Solutions, 2015-2025 ($Million)
Table 6.2  Key Developments: Level 3, Level 4 and Level 5 Autonomous Vehicle Market
Table 6.3  Level 1 (Advanced Driver Assistance Systems, ADAS) Market of Commercial Vehicles by Solutions, 2015-2025 ($Million)
Table 7.1  North America Level 1 (Advanced Driver Assist System, ADAS) Market by Country, 2015-2025 ($Million)
Table 7.2  North America Level 2 Autonomous Vehicle Market by Country, 2015-2025 (Thousand Units)
Table 7.3  The U.S., Level 1 Autonomous Vehicle Market, 2015-2025
Table 7.4  Europe Level 1 (Advanced Driver Assist System, ADAS) Market by Country, 2015-2025 ($Million)
Table 7.5  Europe Level 2 Autonomous Vehicle Market by Country, 2015-2025 (Thousand Units)
Table 7.6  Germany Autonomous Vehicle Market, 2015-2025
Table 7.7  The U.K. Autonomous Vehicle Market, 2015-2025
Table 7.8  France Autonomous Vehicle Market, 2015-2025
Table 7.9  APAC Level 1 (Advanced Driver Assist System, ADAS) Market by Country, 2015-2025 ($Million)
Table 7.10  APAC Level 2 Autonomous Vehicle Market by Country, 2015-2025 (Thousand Units)
Table 7.11  China Autonomous Vehicle Market, 2015-2025
Table 7.12  Japan Autonomous Vehicle Market, 2015-2025
Table 7.13  RoW Level 1 (Advanced Driver Assist System, ADAS) Market by Region, 2015-2025 ($Million)
List of Figures
Figure 1  Autonomous Vehicle Budget: Government Spending Across Major Countries
Figure 2  Level 1 (Advanced Driver Assistance Systems, ADAS) Vehicle Market Size, 2015-2025 ($Million)
Figure 3  Level 2 Penetration Rate in Global Automotive Market, 2015-2025
Figure 4  Level 2 Autonomous Vehicle Market Size, 2015-2025 (Million Units)
Figure 5  Global Autonomous Vehicle Market by Vehicle Type, 2015 & 2025
Figure 6  Global Autonomous Vehicle Market by Geography, 2015 & 2025
Figure 1.1  Autonomous Vehicle Market Scope
Figure 1.2  Secondary Data Sources
Figure 1.3  Top Down and Bottom up Approach for Global Autonomous Vehicle Market
Figure 1.4  Global Autonomous Vehicle Market Influencing Factors
Figure 1.5  Assumptions and Limitations
Figure 3.1  Some of the Organic and Inorganic Growth Strategies Adopted by the Key Players
Figure 3.2  Percentage Share of Strategies Adopted by the Market Players
Figure 3.3  Key Strategic Developments by OEMs
Figure 3.4  Investment Scenario of Major OEMs
Figure 3.5  Global Autonomous Vehicle Market, Worldwide Patent (2010-2015)
Figure 5.1  Global Autonomous Vehicle Market: Different Level of Automation
Figure 5.2  Global Autonomous Vehicle Market: Price vs User Acceptance
Figure 5.3  Level 1 (Advanced Diver Assistance Systems, ADAS) Market Size, 2015-2025 ($Million)
Figure 5.4  Level 1 (Advanced Driver Assistance Systems, ADAS) Market by Sensors, 2015-2025 (Million Units)
Figure 5.5  Level 1 (Advanced Driver Assistance Systems, ADAS) Market by Sensors, Average Selling
Figure 5.6  Key Technologies: Level 2 (Partial Automation) Autonomous Vehicle Market
Figure 5.7  Level 2 (Partial Automation) Autonomous Vehicle Market Volume, 2015-2025 (Million Units)
Figure 5.8  Key Technologies: Level 3 (Conditional Automation) Autonomous Vehicle Market
Figure 5.9  Key Technologies: Level 4 (High Automation) Autonomous Vehicle Market
Figure 6.1  Level 1 (Advanced Driver Assistance Systems, ADAS) Market by Vehicle Type, 2015 & 2025 ($Million)
Figure 6.2  Level 1 (Advanced Driver Assistance System, ADAS) Market Value by Passenger Cars, 2015-2025 ($Million)
Figure 6.3  Level 2 (Partial Automation) Market Value by Passenger Cars, 2015-2025 (Million Units)
Figure 6.4  Level 1 (Advanced Driver Assistance System, ADAS) Market Size by Commercial Vehicles, 2015-2025 ($Million)
Figure 6.5  Level 2 (Partial Automation) Market Size by Commercial Vehicles, 2015-2025 (Thousand Units)
Figure 7.1  Level 1 (Advanced Driver Assist System, ADAS) Market by Geography
Figure 7.2  Level2 (Partial Automation) Autonomous Vehicle Market by Geography
Figure 7.3  North America Level 1 (Advanced Driver Assist System, ADAS) Market by Country, 2015-2025 ($Million)
Figure 7.4  North America Level 1 (Advanced Driver Assist System, ADAS) Market by Sensors, 2015-2025 (Million Units)
Figure 7.5  Major Partnerships: The U.S. Autonomous Vehicle Market
Figure 7.6  Europe Level 1 (Advanced Driver Assist System, ADAS) Market by Country, 2015-2025 ($Million)
Figure 7.7  Europe Level 1 (Advanced Driver Assist System, ADAS) Market by Sensors, 2015-2025 (Million Units)
Figure 7.8  European Level 2 Autonomous Vehicle Market Size, by Country, 2015
Figure 7.9  APAC Level 1 (Advanced Driver Assist System, ADAS) Market by Country, 2015-2025 ($Million)
Figure 7.10  APAC Level 1 (Advanced Driver Assist System, ADAS) Market by Sensors, 2015-2025 (Million Units)
Figure 7.11  RoW Level 1 (Advanced Driver Assist System, ADAS) Market by Region, 2015-2025 ($Million)
Figure 7.12  RoW Level 1 (Advanced Driver Assist System, ADAS) Market by Sensors, 2015-2025 (Million Units)
Figure 7.13  RoW Level 2 Autonomous Vehicle Market by Region, 2015-2025 (Thousand Units)
Figure 8.1  Daimler AG: Product Offerings
Figure 8.2  Daimler AG: Overall Financials, 2013-2015
Figure 8.3  Daimler AG: Net Revenue by Business Segments, 2013-2015
Figure 8.4  Daimler AG: Net Revenue by Geography, 2015
Figure 8.5  Daimler AG: Research & Development Expenditure, 2013-2015
Figure 8.6  Audi AG: Product Offerings
Figure 8.7  Audi AG: Overall Financials, 2013-2015
Figure 8.8  Audi AG: Net Revenue by Business Segments, 2013-2015
Figure 8.9  Audi AG: Net Revenue by Geography, 2015
Figure 8.10  Audi AG: Research & Development Expenditure, 2013-2015
Figure 8.11  General Motors Company: Product Offerings
Figure 8.12  General Motors Company: Overall Financials, 2013-2015
Figure 8.13  General Motors Company: Net Revenue by Business Segments, 2013-2015
Figure 8.14  General Motors Company: Net Revenue by Geography, 2015
Figure 8.15  General Motors Company: Research & Development Expenditure, 2013-2015
Figure 8.16 x General Motors Company: Research & Development Expenditure, 2013-2015
Figure 8.17  Toyota Motors Company: Overall Financials, 2014-2016
Figure 8.18  Toyota Motors Company: Net Revenue by Business Segments, 2014-2016
Figure 8.19  Toyota Motors Company: Net Revenue by Geography, 2016
Figure 8.20  Toyota Motors Company: Research & Development Expenditure, 2014-2016
Figure 8.21  Ford Motor Company: Product Offerings
Figure 8.22  Ford Motors Company: Overall Financials, 2013-2015
Figure 8.23  Ford Motor Company: Net Revenue by Business Segments, 2013-2015
Figure 8.24  Ford Motor Company: Net Revenue by Geography, 2015
Figure 8.25  Ford Motor Company: Research & Development Expenditure, 2013-2015
Figure 8.26  Nissan Motor Corporation: Product Offerings
Figure 8.27  Nissan Motor Corporation: Overall Financials, 2014-2016
Figure 8.28  Nissan Motor Corporation: Net Revenue by Geography, 2016
Figure 8.29  Nissan Motor Corporation: Research & Development Expenditure, 2014-2016
Figure 8.30  Volkswagen AG: Product Offerings
Figure 8.31  Volkswagen AG: Overall Financials, 2013-2015
Figure 8.32  Volkswagen AG: Net Revenue by Business Segments, 2013-2015
Figure 8.33  Volkswagen AG: Net Revenue by Geography, 2015
Figure 8.34  Volkswagen AG: Research & Development Expenditure, 2013-2015
Figure 8.35 x Bayerische Motoren Werke AG: Overall Financials, 2014-2016
Figure 8.36  Bayerische Motoren Werke AG: Overall Financials, 2014-2016
Figure 8.37  Bayerische Motoren Werke AG: Net Revenue by Business Segments, 2013-2015
Figure 8.38  Bayerische Motoren Werke AG: Research & Development Expenditure, 2014-2016
Figure 8.39  Fiat Chrysler Automobiles (FCA) NV: Product Offerings
Figure 8.40  Fiat Chrysler Automobiles: Overall Financials, 2013-2015
Figure 8.41  Fiat Chrysler Automobiles: Net Revenue by Business Segments, 2013-2015
Figure 8.42  Fiat Chrysler Automobiles: Research & Development Expenditure, 2013-2015
Figure 8.43  The Volvo Car Corporation: Product Offerings AB Volvo: Product Offerings
Figure 8.44  AB Volvo: Overall Financials, 2013-2015
Figure 8.45  The Volvo Car Corporation: Overall Financials, 2013-2015
Figure 8.46  AB Volvo: Net Revenue by Business Segments, 2013-2015
Figure 8.47  AB Volvo: Net Revenue Share, by Geography, 2015
Figure 8.48  The Volvo Car Corporation: Net Revenue Share, by Geography, 2015
Figure 8.49  AB Volvo: Research & Development Expenditure, 2013-2015
Figure 8.50  The Volvo Car Corporation: Research & Development Expenditure, 2013-2015
Figure 8.51  Tesla Motors Inc.: Product Offerings
Figure 8.52  Tesla Motors Inc: Overall Financials, 2013-2015
Figure 8.53  Tesla Motors Inc: Net Revenue Share, by Geography, 2015
Figure 8.54  Tesla Motors Inc: Net Revenue Share, by Geography, 2015
Figure 8.55  Tesla Motors Inc: Research & Development Expenditure, 2013-2015
Figure 8.56  Denso Corporation: Product Offerings
Figure 8.57  Denso Corporation, Overall Financials, 2013-2015
Figure 8.58  Segment Revenue Mix, 2013-2015
Figure 8.59  Automotive Segment Revenue Mix, 2015
Figure 8.60  Geographic Revenue Mix, 2015
Figure 8.61  HERE: Product Offerings
Figure 8.62  Mobileye N.V.: Product Offerings
Figure 8.63  Mobileye N.V.: Overall Financials, 2013-2015
Figure 8.64  Mobileye N.V.: Net Revenue Share, by Business Segments, 2013-2015
Figure 8.65  Mobileye N.V.: Net Revenue Share, by Geography, 2015
Figure 8.66  Mobileye N.V.: Research & Development Expenditure, 2013-2015
Figure 8.67  NVIDIA Corporation: Product Offerings
Figure 8.68  NVIDIA Corporation: Overall Financials, 2014-2016
Figure 8.69  NVIDIA Corporation: Net Revenue Share, by Business Segments, 2014-2016
Figure 8.70  NVIDIA Corporation: Geography, Revenue, 2016
Figure 8.71  NVIDIA Corporation: Research & Development Expenditure, 2014-2016

Automobiles are one of the most important components of the transportation system, and have emerged as an essential necessity for every individual in the modern times. This factor contributes primarily to the increase in number of vehicles on the road at present, and therefore, leads to an increase in the number of accidents and road congestion. In order to curb the high traffic density and improvise the overall road safety, there is an impending need of autonomous vehicles. Autonomous vehicles do not depend majorly on the driver’s input, but also analyze the surrounding data and plan the further movement trajectory of the automobile. The surrounding data is collected by components such as cameras, radars, and LiDARs among other sensors. The data is then processed by efficient processors and using high level software, the transverse and lateral movement of the vehicle is planned. In order to reduce the burden on drivers allowing them to multitask during the journey and relatively diminishing the need of human drivers for controlling the vehicle, the autonomous vehicle market is expanding at an exponential pace. Depending upon the capabilities and limitations of the systems, the autonomous systems can be divided into different levels of automation. These levels include level 1 (Advanced Driver Assistance Systems), level 2 (partial automation), level 3 (conditional automation), level 4 (high automation) and level 5 (fully autonomous). At present, level 1 and level 2 autonomous systems are commercially available in the vehicles, while higher level of automations are in testing phase. Some of the key players providing autonomous features for vehicles include Daimler AG, Audi AG, General Motors Company, Toyota Motor Corporation, Ford Motor Company, Tesla Motors, Bayerische Motoren Werke AG, Denso Corporation, HERE and Mobileye N.V.

Figure 1 Level 2 (Partial Automation) Autonomous Vehicle Market Volume, 2015-2025 (Million Units)Autonomous Vehicle Market Volume

Company Websites, Annual Reports, Press Release, SEC Filing, Expert Interviews, Secondary Research, and BIS Research Analysis  

The number of vehicles (including both passenger cars and commercial vehicles) with inbuilt level 2 autonomous features was estimated to be 2.73 million units in the year 2016. This number is expected to grow at a double digit CAGR in the upcoming years, owing to increasing demand of level 2 automation features in the vehicles. 

Higher level of automation (level 3, level 4 and level 5) are presently under testing phase, several manufacturers are testing the effectiveness and feasibility of vehicles equipped with higher level automated system on public roads. The penetration rate of level 3, level 4 and level 5 technology in passenger cars is anticipated to be 0.016%, 0.0023% and 0.0024%, respectively in the year 2020. Furthermore, in order to achieve the goal of fully human-independent vehicles, the penetration rate of these higher level automation features is expected to increase exponentially in the period 2020-2025.

Passenger cars hold the major market share for different level of autonomous features, due to high production rate, high registration of passenger cars and lesser complexity in developing autonomous systems as compared to commercial vehicles. Autonomous systems for commercial vehicles are expected to grow at a higher CAGR in comparison to the passenger cars, owing to the wide end-use applications of commercial vehicles such as transportation and cab sharing, among others. In addition to this, stringent laws imposed by government in order to increase road safety, contributes to the high growth rate of the commercial autonomous vehicle market. 

Europe being home to a number of autonomous vehicle OEMs and major component manufacturers, holds the major share in the market of vehicle equipped with lower level autonomous features. The European players are rapidly expanding their footprints to gain presence in the self-driving market. Lower level of automation has been commercialized in this region and to further achieve high market presence, players are working to develop advance level of automation. At the same time, North America, being one of the most technologically advanced regions, is expected to lead the market for higher level automation. At the same time, autonomous technology in the APAC region is limited to certain countries only. However, due to the presence of industry players and escalating demand of automated systems in this region, a rapid growth of higher level of automation in the future years is anticipated over the forecast period.  

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