Popular on EntSun
- Electives Appoints DraftKings' CPO Linda Aiello to Board Amid Record Quarter - 192
- Mission 3A Establishes Healthcare Advisory Board with Addition of Industry Leaders Patrick Fisher, Kevin Cordell, and Dr. Greg Berlet - 179
- Retirement Income Specialist Daniel Rondberg Joins Tom Hegna on the Exciting New Season of "Financial Freedom with Tom Hegna" - 145
- OpsVeda Announces Launch of TariffSight, the World's First Comprehensive Platform to Address Tariff-Driven Challenges - 121
- Tobu Railway Announces a Price Revision on the "NIKKO PASS All Area" and "NIKKO PASS World Heritage Area," from April 20, 2025 - 116
- Meditech International Inc. and Los Angeles Rams Continue Strategic Partnership to Enhance Athlete Performance and Recovery - 113
- Deevid.ai Unveils AI Kissing and AI Dancing Templates to Power Viral TikTok Content Creation - 110
- Multi-Award Winning B.Slade to Debut in Las Vegas at Iconic Westgate Resort & Casino; The B.Slade Experience (BSX) — May 3, 2025 - 108
- Family Estrangement on the Rise: Therapist Offers Support, Perspective, and Community for Those Affected - 107
- Is Billboard Advertising Still Effective in 2025? - 101
Similar on EntSun
- Asset-Backed Green Crypto: Fueling the Trillion-Dollar Revolution
- NBA Champion Lamar Odom Launches Anti-Addiction Meme Coin, Ushering in a Disruptive Innovation in Web3
- Cybersecurity is Protecting Your Personal Information and Your Portfolio
- The Paris Court of International Arbitration Elects Dr. John J. Maalouf as its New President
- $56.7 Million Announced in Q1 2025 with Revenue Growth and Progress Toward NASDAQ Uplisting for AI Marketing Company: IQSTEL, Inc. Stock Symbol: IQSTD
- SAVVY MINING raised $500 million and launched BTC.XRP.DOGE cloud mining, increasing investors' returns by 30%
- Ditch Micromanagement: New Leadership Book for Results-Driven, Accountability-Based Teams
- Jay Tapp was named Managing Director in British Columbia
- 20 Patents Issued Worldwide, Cementing Company Leadership. First Ever Cable-Free 12-Lead ECG: HeartBeam, Inc. (Stock Symbol: BEAT)
- NASDAQ Uplisting for Higher Market Exposure and Wide Corporate Benefits to AI Boosted Marketing Company On Track Towards $1 Billion Revenue by 2027
Global Autonomous Vehicle Market Report 2023: Industry Size, Share, Trends, Opportunity, and Forecasts, 2018-2030F
EntSun News/10987062
DUBLIN, May 25, 2023 /PRNewswire/ -- The "Autonomous Vehicle Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2030F Segmented By Vehicle Type (Passenger Car, Commercial Vehicle), By Level of Automation, By Component, By Mobility Type, and By Region" report has been added to ResearchAndMarkets.com's offering.
The global autonomous vehicle market is expected to grow significantly to 2028
With the recent shift in consumer behavior in the transportation industry due to the pandemic and technological advancement, there has been increasing demand for autonomous vehicles. Also, many shared mobility companies are opting for autonomous vehicles, positively impacting the growth of the global autonomous vehicle market.
Recent Developments in Autonomous Vehicles.
The venture capital division of General Motors Co. invested in the US startup Oculli Corp in September 2021. It creates radar sensor software for autonomous vehicles.
With this investment, GM will be able to scale up its partially automated vehicles and completely autonomous vehicles by using Oculli's affordable software to improve radar resolution. In August 2022, Lyft partnered with Motional to launch the Robo taxi in Las Vegas.
In May 2022, Mercedes Benz opened sales of their S- Class and EQS model vehicles with Level 3 Automation installed.t. Furthermore, Honda has launched its Legend Sedan Model with Level 3 Automation.
Ford Mustang Mach e and F-150 come with level 2 automation. Ford has developed a blue cruise system for the autonomous automobile. Waymo has a fleet of self-driving electric Jaguar I-PACE cars that are now used by the public in Phoenix, Arizona and being tested by staff members in San Francisco, California.
These vehicles run entirely on sensors. The public in Phoenix can utilize these vehicles through the Waymo One app without any NDAs or set pickups because there is no driver in the vehicle or operate them remotely. They run entirely on sensors.
More on EntSun News
General Motors is developing a self-driving Chevrolet bolt with lidar for self-driving. In 2020, Cruise, which was acquired by General Motors, launched Origin, which is a fully autonomous car without steering wheels and pedals.
The COVID-19 situation resulted in market uncertainty by slowing down logistics services, impeding corporate growth, and escalating panic across various client sectors. Governments in several countries declared a complete lockdown and temporarily shut down industries, which resulted in border closures that hampered the movement of transportation and logistics services. Following the COVID-19 health catastrophe, the outlook for companies around the world has drastically shifted.
Additionally, market participants' overall service activities have decreased to reduce the possibility of contamination. With the new regulations and procedures in place and a notable improvement in product sales across the retail sector, the world is currently slowly returning to normal. These elements might exert a favorable influence on the market for autonomous vehicles to boost economic activity in all sectors.
Increasing Demand in Shared Mobility
Autonomous vehicles are escalating at a rapid rate in shared mobility. Many companies are investing in the sensors needed to provide fully autonomous driving experiences to their customers. Companies like Waymo, Argo AI, and Cruise are investing heavily in autonomous vehicle operations. Consumer behaviors have also shifted towards autonomous shared mobility, which is further impacting the growth of autonomous vehicles.
High Demand for Advanced Technology in Automobiles
There is high demand for new features and technology in the Autonomous Vehicle market. Consumers are also buying vehicles that have new advanced features.
Many automobile companies are investing in technology to manufacture fully autonomous vehicles before their occupants, and it offers several technologically sophisticated safety measures, increased comfort, and security. The in-vehicle services, however, include additional costs related to telecommunications services, connection solution fees, and hardware systems, which might restrain market expansion.
Additionally, there are other difficulties that these highly technical systems face, such as failures and malfunctions. In addition, there is a significant chance that hackers will gain access to system data and vehicle functionalities, which could restrain market expansion.
More on EntSun News
Competitive Landscape
Key players are developing advanced technologies to stay competitive in the market and enhancing their product portfolio in the regions to increase their customer outreach and to be future ready.
Company Profiles: Detailed analysis of the major companies present in the global autonomous vehicle market.
Report Scope:
Autonomous Vehicle Market, By Vehicle Type:
Autonomous Vehicle Market, By Level of Automation:
Autonomous Vehicle Market, By Component:
Autonomous Vehicle Market, By Mobility Type:
Autonomous Vehicle Market, By Region:
For more information about this report visit https://www.researchandmarkets.com/r/2yup1z
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1904
Fax (outside U.S.): +353-1-481-1716
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
SOURCE Research and Markets
The global autonomous vehicle market is expected to grow significantly to 2028
With the recent shift in consumer behavior in the transportation industry due to the pandemic and technological advancement, there has been increasing demand for autonomous vehicles. Also, many shared mobility companies are opting for autonomous vehicles, positively impacting the growth of the global autonomous vehicle market.
Recent Developments in Autonomous Vehicles.
The venture capital division of General Motors Co. invested in the US startup Oculli Corp in September 2021. It creates radar sensor software for autonomous vehicles.
With this investment, GM will be able to scale up its partially automated vehicles and completely autonomous vehicles by using Oculli's affordable software to improve radar resolution. In August 2022, Lyft partnered with Motional to launch the Robo taxi in Las Vegas.
In May 2022, Mercedes Benz opened sales of their S- Class and EQS model vehicles with Level 3 Automation installed.t. Furthermore, Honda has launched its Legend Sedan Model with Level 3 Automation.
Ford Mustang Mach e and F-150 come with level 2 automation. Ford has developed a blue cruise system for the autonomous automobile. Waymo has a fleet of self-driving electric Jaguar I-PACE cars that are now used by the public in Phoenix, Arizona and being tested by staff members in San Francisco, California.
These vehicles run entirely on sensors. The public in Phoenix can utilize these vehicles through the Waymo One app without any NDAs or set pickups because there is no driver in the vehicle or operate them remotely. They run entirely on sensors.
More on EntSun News
- Miss United Crown of America Launches as a National Platform for Purpose-Driven Titleholders
- Big Red NOLA Publishing Boosts "Voices of Tomorrow"
- NBA Champion Lamar Odom Launches Anti-Addiction Meme Coin, Ushering in a Disruptive Innovation in Web3
- Aureli Construction Sets the Standard for Seamless Home Additions in Greater Boston
- ScreenPoints Puts Film Investors in the Credits—and in the Money With New FinTech Platform
General Motors is developing a self-driving Chevrolet bolt with lidar for self-driving. In 2020, Cruise, which was acquired by General Motors, launched Origin, which is a fully autonomous car without steering wheels and pedals.
The COVID-19 situation resulted in market uncertainty by slowing down logistics services, impeding corporate growth, and escalating panic across various client sectors. Governments in several countries declared a complete lockdown and temporarily shut down industries, which resulted in border closures that hampered the movement of transportation and logistics services. Following the COVID-19 health catastrophe, the outlook for companies around the world has drastically shifted.
Additionally, market participants' overall service activities have decreased to reduce the possibility of contamination. With the new regulations and procedures in place and a notable improvement in product sales across the retail sector, the world is currently slowly returning to normal. These elements might exert a favorable influence on the market for autonomous vehicles to boost economic activity in all sectors.
Increasing Demand in Shared Mobility
Autonomous vehicles are escalating at a rapid rate in shared mobility. Many companies are investing in the sensors needed to provide fully autonomous driving experiences to their customers. Companies like Waymo, Argo AI, and Cruise are investing heavily in autonomous vehicle operations. Consumer behaviors have also shifted towards autonomous shared mobility, which is further impacting the growth of autonomous vehicles.
High Demand for Advanced Technology in Automobiles
There is high demand for new features and technology in the Autonomous Vehicle market. Consumers are also buying vehicles that have new advanced features.
Many automobile companies are investing in technology to manufacture fully autonomous vehicles before their occupants, and it offers several technologically sophisticated safety measures, increased comfort, and security. The in-vehicle services, however, include additional costs related to telecommunications services, connection solution fees, and hardware systems, which might restrain market expansion.
Additionally, there are other difficulties that these highly technical systems face, such as failures and malfunctions. In addition, there is a significant chance that hackers will gain access to system data and vehicle functionalities, which could restrain market expansion.
More on EntSun News
- Pathways to Adulthood Conference May 17 at Melville Marriott Honoring NYS Assembly Member Jodi Giglio, Suffolk County Legislator Nick Caracappa
- KBA Sports and 6x Entertainment Join Forces to Become Global Sports Partners
- Adster Techologies awarded US Patent for breakthrough innovation in reducing latency in Ad Serving
- Robert Fabbio Inducted into the Austin Technology Council Hall of Fame
- Cybersecurity is Protecting Your Personal Information and Your Portfolio
Competitive Landscape
Key players are developing advanced technologies to stay competitive in the market and enhancing their product portfolio in the regions to increase their customer outreach and to be future ready.
Company Profiles: Detailed analysis of the major companies present in the global autonomous vehicle market.
- BMW AG
- Robert Bosch Gmbh
- Tesla, Inc.
- General Motors Company
- Daimler AG.
- Ford Motor Company
- Hyundai Motor Group
- Waymo LLC
- Zoox,Inc.
- Pony.AI, Inc.
Report Scope:
Autonomous Vehicle Market, By Vehicle Type:
- Passenger Car
- Commercial Vehicle
Autonomous Vehicle Market, By Level of Automation:
- Level 1
- Level 2
- Level 3
- Level 4
- Level 5
Autonomous Vehicle Market, By Component:
- Camera
- Radar Sensors
- Lidar
- Ultrasonic Sensors
- Infrared Sensors
Autonomous Vehicle Market, By Mobility Type:
- Shared
- Personal
Autonomous Vehicle Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe & CIS
- Germany
- Russia
- France
- Spain
- Italy
- United Kingdom
- Switzerland
- Netherlands
- Austria
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Malaysia
- Indonesia
- Thailand
- South America
- Argentina
- Brazil
- Colombia
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
For more information about this report visit https://www.researchandmarkets.com/r/2yup1z
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1904
Fax (outside U.S.): +353-1-481-1716
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
SOURCE Research and Markets
Filed Under: Business
0 Comments
Latest on EntSun News
- Ditch Micromanagement: New Leadership Book for Results-Driven, Accountability-Based Teams
- Jay Tapp was named Managing Director in British Columbia
- World Ballet Company's Cinderella Comes to the Weinberg Center This Fall
- Hubei Heavy Equipment Makes a Striking Appearance at CIMT and Competes with International Brands
- 20 Patents Issued Worldwide, Cementing Company Leadership. First Ever Cable-Free 12-Lead ECG: HeartBeam, Inc. (Stock Symbol: BEAT)
- NASDAQ Uplisting for Higher Market Exposure and Wide Corporate Benefits to AI Boosted Marketing Company On Track Towards $1 Billion Revenue by 2027
- Congressional Men's Health Caucus Shows Bipartisan Consensus and Focus on Prevention, Mental Health, and Closing the Lifespan Gap
- DuoKey, Axiomtek and Blue Edge Network Partner to Enhance Smart Cities with Privacy-Preserving Urban Safeguarding and Fleet Management
- Austin Keen Joins WakeFX RopePal as Official Brand Ambassador
- Bonelli Systems Expands Managed IT Services Nationwide, Leveraging Microsoft Azure Expertise
- $4.3 Million Patent Application Waiver Fee Granted by FDA on New Drug Application Fee for Treatment Addressing Suicidal Depression & PTSD: NRX Pharma
- Whistleblower Claims Dental Patient Deaths Likely Due to Book Ban
- xREnergy up as much as +3,094,634% on first day listed on the XRP Ledger. Ticker : $XRE
- Psychiatry's Legacy of Racism and Coercion Highlighted in Restraint Deaths
- New Book 'Cybersecurity Leadership' Guides SME Leaders to Make Smart, Strategic Security Decisions
- "Stop scrolling and start watching" - Beloved film recommendation site Criticker gets a major makeover
- Green Energy Solar Expands with New Offices in Port St. Lucie, West Palm Beach, and Orlando
- Events by Dubsdread Expands Services to The Venue at Lake Lily
- London Gala Emphasizes Trade, FDI and Ongoing Cooperation
- Sahit Muja Launches Trillion-Dollar Green Revolution with 10 Groundbreaking Cryptos