Self-driving Cars Market by Level of Autonomy (Semi-Autonomous (L1, L2, and L3) and Autonomous (L4 and L5), Component Type, Mobility Type (Personal Mobility and Shared Mobility), Vehicle Class (A&B, C&D, and E&F), and Region - Global Forecast to 2035
The global self-driving cars market is projected to reach 37,090 thousand units in 2024 to 76,217 thousand units in 2035, at a CAGR of 6.8% from 2024-2035.
The self-driving car market is expanding due to rising consumer demand for safer, more convenient vehicles, supported by advancements in autonomous technologies and artificial intelligence. Government investments and regulatory support are accelerating adoption, particularly in regions like North America and Europe, where solid automotive industries and supportive policies are in place. Additionally, rapid technological advancements in the Asia Pacific, particularly in China, drive growth through partnerships and deployments of autonomous fleets, further contributing to global market expansion.
"L4 segment is expected to experience a notable growth in the self-driving cars market during the forecast period."
The Level 4 (L4) segment is set for notable growth in the self-driving cars market, driven by advancements in autonomous technology and increasing demand for applications such as robotaxis and autonomous shuttles. L4 vehicles, capable of full autonomy within predefined operational domains, transform urban mobility and public transportation. Companies like Navya (France) and Holon GmbH (Germany) are pioneering this segment, with Navya testing autonomous shuttles for integration into urban transport systems and Holon developing shuttles for campus and urban use. In the US, Waymo LLC has expanded its fully autonomous robotaxi operations to Phoenix and San Francisco, showcasing the viability of L4 autonomy for real-world applications. Regulatory frameworks in Europe and North America, alongside significant investments from players such as Cruise LLC, Zoox, and more, further accelerate the adoption of L4 vehicles, signaling a transformative shift in transportation and mobility solutions.
"Camera segment is expected to experience the fastest growth in the self-driving cars market during the forecast period."
The camera segment is set to experience rapid growth in the self-driving car market due to its critical role in enabling advanced driver assistance systems (ADAS) and autonomous functionalities. Cameras support essential features such as adaptive cruise control, traffic sign recognition, lane departure warnings, and automated emergency braking. Mounted at strategic locations, they provide comprehensive visual data for navigation, safety, and situational awareness. Innovations like Robert Bosch GmbH's MPC3 camera system, integrating advanced algorithms for enhanced object detection, exemplify the segment's technological progress. Vehicles such as the BMW X3 2023 and the BMW 5 Series feature Bosch's advanced camera systems, highlighting the growing adoption of camera technology in enhancing safety and automation. As vehicle safety and automation become priorities, demand for high-resolution imaging and sensor fusion technologies is driving significant advancements in the camera segment.
"Europe is expected to have a significant market share in the self-driving cars market during the forecast period."
Europe is set to hold a notable share in the self-driving cars market, driven by robust consumer demand, a strong automotive industry, and supportive regulations like the EU's General Safety Regulation 2 (GSR2), mandating ADAS features from July 2024. Key automakers such as Volkswagen, Mercedes-Benz, and BMW, alongside suppliers like Continental AG and Bosch, are heavily investing in autonomous technologies. Germany leads the market, bolstered by initiatives like Volkswagen's collaboration with Mobileye in March 2024 to develop a Level 4 autonomous ID.Buzz for urban mobility, highlighting the region's focus on innovation and advanced mobility solutions.
In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.
Research Coverage:
The report covers the self-driving cars market in terms of Level of Autonomy (Semi-Autonomous (L1, L2, L3) and Autonomous (L4, L5)), Component Type (Camera, LiDAR, Radar, Ultrasonic Sensors, Infrared Sensors, and Others), Mobility Type (Personal Mobility and Shared Mobility), Vehicle Class (A&B, C&D, and E&F), and Region. It covers the competitive landscape and company profiles of the significant self-driving car market players.
The study also includes an in-depth competitive analysis of the key market players, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report:
The self-driving car market is expanding due to rising consumer demand for safer, more convenient vehicles, supported by advancements in autonomous technologies and artificial intelligence. Government investments and regulatory support are accelerating adoption, particularly in regions like North America and Europe, where solid automotive industries and supportive policies are in place. Additionally, rapid technological advancements in the Asia Pacific, particularly in China, drive growth through partnerships and deployments of autonomous fleets, further contributing to global market expansion.
"L4 segment is expected to experience a notable growth in the self-driving cars market during the forecast period."
The Level 4 (L4) segment is set for notable growth in the self-driving cars market, driven by advancements in autonomous technology and increasing demand for applications such as robotaxis and autonomous shuttles. L4 vehicles, capable of full autonomy within predefined operational domains, transform urban mobility and public transportation. Companies like Navya (France) and Holon GmbH (Germany) are pioneering this segment, with Navya testing autonomous shuttles for integration into urban transport systems and Holon developing shuttles for campus and urban use. In the US, Waymo LLC has expanded its fully autonomous robotaxi operations to Phoenix and San Francisco, showcasing the viability of L4 autonomy for real-world applications. Regulatory frameworks in Europe and North America, alongside significant investments from players such as Cruise LLC, Zoox, and more, further accelerate the adoption of L4 vehicles, signaling a transformative shift in transportation and mobility solutions.
"Camera segment is expected to experience the fastest growth in the self-driving cars market during the forecast period."
The camera segment is set to experience rapid growth in the self-driving car market due to its critical role in enabling advanced driver assistance systems (ADAS) and autonomous functionalities. Cameras support essential features such as adaptive cruise control, traffic sign recognition, lane departure warnings, and automated emergency braking. Mounted at strategic locations, they provide comprehensive visual data for navigation, safety, and situational awareness. Innovations like Robert Bosch GmbH's MPC3 camera system, integrating advanced algorithms for enhanced object detection, exemplify the segment's technological progress. Vehicles such as the BMW X3 2023 and the BMW 5 Series feature Bosch's advanced camera systems, highlighting the growing adoption of camera technology in enhancing safety and automation. As vehicle safety and automation become priorities, demand for high-resolution imaging and sensor fusion technologies is driving significant advancements in the camera segment.
"Europe is expected to have a significant market share in the self-driving cars market during the forecast period."
Europe is set to hold a notable share in the self-driving cars market, driven by robust consumer demand, a strong automotive industry, and supportive regulations like the EU's General Safety Regulation 2 (GSR2), mandating ADAS features from July 2024. Key automakers such as Volkswagen, Mercedes-Benz, and BMW, alongside suppliers like Continental AG and Bosch, are heavily investing in autonomous technologies. Germany leads the market, bolstered by initiatives like Volkswagen's collaboration with Mobileye in March 2024 to develop a Level 4 autonomous ID.Buzz for urban mobility, highlighting the region's focus on innovation and advanced mobility solutions.
In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.
- By Company Type: Tier I - 33%, Tier II - 43%, and Tier III – 24%
- By Designation: Directors - 28%, Managers - 53%, and Others - 19%
- By Region: Asia Pacific - 27%, North America – 42%, and Europe – 31%
Research Coverage:
The report covers the self-driving cars market in terms of Level of Autonomy (Semi-Autonomous (L1, L2, L3) and Autonomous (L4, L5)), Component Type (Camera, LiDAR, Radar, Ultrasonic Sensors, Infrared Sensors, and Others), Mobility Type (Personal Mobility and Shared Mobility), Vehicle Class (A&B, C&D, and E&F), and Region. It covers the competitive landscape and company profiles of the significant self-driving car market players.
The study also includes an in-depth competitive analysis of the key market players, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report:
- The report will help market leaders/new entrants with information on the closest approximations of revenue numbers for the self-driving cars market and its subsegments.
- This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies.
- The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
- The report also helps stakeholders understand the current and future pricing trends of the self-driving cars market.
- Analysis of key drivers (InFocus on improving road safety, Government regulations for integration of advanced safety technologies, and Rise of autonomous ride-hailing services), restraints (High development costs and Data privacy concerns), opportunities (Emergence of subscription-based service offerings and Consumer focus on sustainable transportation solutions), and challenges (Substantial cost of ADAS integration, Lack of software standardization, and Inadequate infrastructure for self-driving cars)
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the self-driving cars market.
- Market Development: Comprehensive information about lucrative markets - the report analyses the self-driving cars market across varied regions.
- Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the self-driving cars market.
- Competitive Assessment: In-depth assessment of market share, growth strategies, and service offerings of leading players like Toyota Motor Corporation (Japan), Tesla (US), BYD Co., Ltd. (China), Volkswagen Group (Germany), Ford Motor Company (US), Hyundai Motor Group (South Korea) among others in self-driving cars market.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
1.3.2 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 UNIT CONSIDERED
1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Primary participants
2.1.2.2 Primary interviewees from demand and supply sides
2.1.2.3 Breakdown of primary interviews
2.1.2.4 Primary research objectives
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.3 DATA TRIANGULATION
2.4 FACTOR ANALYSIS
2.5 RESEARCH ASSUMPTIONS
2.6 RESEARCH LIMITATIONS
2.7 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SELF-DRIVING CARS MARKET
4.2 SELF-DRIVING CARS MARKET, BY REGION
4.3 SELF-DRIVING CARS MARKET, BY LEVEL OF AUTONOMY
4.4 SELF-DRIVING CARS MARKET, BY COMPONENT
4.5 SELF-DRIVING CARS MARKET, BY MOBILITY TYPE
4.6 SELF-DRIVING CARS MARKET, BY VEHICLE CLASS
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Focus on improving road safety
5.2.1.2 Government regulations for integration of advanced safety technologies
5.2.1.3 Rise of autonomous ride-hailing services
5.2.2 RESTRAINTS
5.2.2.1 High development costs
5.2.2.2 Data privacy concerns
5.2.3 OPPORTUNITIES
5.2.3.1 Emergence of subscription-based service offerings
5.2.3.2 Consumer focus on sustainable transportation solutions
5.2.4 CHALLENGES
5.2.4.1 Substantial cost of ADAS integration
5.2.4.2 Lack of software standardization
5.2.4.3 Inadequate infrastructure for self-driving cars
5.3 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
5.4 PRICING ANALYSIS
5.4.1 AVERAGE SELLING PRICE TREND, BY COMPONENT
5.4.2 AVERAGE SELLING PRICE TREND, BY REGION
5.5 ECOSYSTEM ANALYSIS
5.6 VALUE CHAIN ANALYSIS
5.7 CASE STUDY ANALYSIS
5.7.1 FRANKFURT AIRPORT CONDUCTS TRIALS FOR AUTONOMOUS BAGGAGE TRACTORS TO ENHANCE OPERATIONAL EFFICIENCY
5.7.2 CONTINENTAL DEVELOPS INNOVATIVE SOLUTIONS TO ADDRESS AUTONOMOUS DRIVING CHALLENGES
5.7.3 WAYMO INTEGRATES ADVANCED PERCEPTION SYSTEMS WITH SENSORS TO REDUCE TRAFFIC-RELATED FATALITIES
5.7.4 AMBARELLA OFFERS AD SOFTWARE AND HARDWARE SOLUTIONS FOR SCALABLE AUTONOMOUS DRIVING
5.7.5 NVIDIA PROVIDES OPEN AV DEVELOPMENT PLATFORM FOR AUTONOMOUS VEHICLES
5.7.6 GENERAL MOTORS AND UMTRI EVALUATE SAFETY SYSTEMS TO REDUCE COLLISIONS
5.8 IMPACT OF AI
5.9 INVESTMENT AND FUNDING SCENARIO
5.10 PATENT ANALYSIS
5.11 TECHNOLOGY ANALYSIS
5.11.1 KEY TECHNOLOGIES
5.11.1.1 V2X
5.11.1.2 Thermal imaging cameras
5.11.1.3 Edge computing
5.11.2 COMPLEMENTARY TECHNOLOGIES
5.11.2.1 Cloud computing
5.11.2.2 Terrain sensing systems
5.11.2.3 Automated valet parking
5.11.3 ADJACENT TECHNOLOGIES
5.11.3.1 Solid-state LiDAR
5.11.3.2 Blockchain
5.12 TRADE ANALYSIS
5.13 REGULATORY LANDSCAPE
5.13.1 REGULATIONS ON AUTONOMOUS VEHICLE USAGE, BY COUNTRY
5.13.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.14 KEY CONFERENCES AND EVENTS, 2024–2025
5.15 KEY STAKEHOLDERS AND BUYING CRITERIA
5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.15.2 BUYING CRITERIA
5.16 MNM INSIGHTS ON KEY OEMS’ INCLINATION TOWARD IN-HOUSE SOFTWARE DEVELOPMENT
5.17 AUTONOMOUS VEHICLE TRENDS AND KEY START-UPS
6 SELF-DRIVING CARS MARKET, BY LEVEL OF AUTONOMY
6.1 INTRODUCTION
6.2 SEMI-AUTONOMOUS
6.2.1 L1
6.2.1.1 Integration of entry-level ADAS for enhanced safety and comfort to drive market
6.2.2 L2
6.2.2.1 Increasing preference for advanced safety features to drive market
6.2.3 L3
6.2.3.1 Regulatory approvals to drive market
6.3 AUTONOMOUS
6.3.1 L4
6.3.1.1 Ongoing development of robotaxis and shuttles to drive market
6.3.2 L5
6.3.2.1 Growing investments in urban mobility and smart infrastructure to drive market
6.4 PRIMARY INSIGHTS
7 SELF-DRIVING CARS MARKET, BY COMPONENT
7.1 INTRODUCTION
7.2 CAMERA
7.2.1 FOCUS ON INCREASING VEHICLE SAFETY TO DRIVE MARKET
7.3 LIDAR
7.3.1 RAPID DEVELOPMENTS BY COMPONENT MANUFACTURERS TO DRIVE MARKET
7.4 RADAR
7.4.1 EXTENSIVE USE OF AUTOMATIC EMERGENCY BRAKING AND COLLISION AVOIDANCE FEATURES TO DRIVE MARKET
7.5 ULTRASONIC SENSOR
7.5.1 WIDESPREAD DEPLOYMENT IN ADAS APPLICATIONS TO DRIVE MARKET
7.6 INFRARED SENSOR
7.7 OTHERS
7.8 PRIMARY INSIGHTS
8 SELF-DRIVING CARS MARKET, BY MOBILITY TYPE
8.1 INTRODUCTION
8.2 PERSONAL MOBILITY
8.2.1 GROWING CONSUMER INTEREST IN AUTONOMOUS VEHICLE OWNERSHIP TO DRIVE MARKET
8.3 SHARED MOBILITY
8.3.1 RISING DEMAND FOR RIDE-SHARING AND ROBOTAXI SERVICES TO DRIVE MARKET
8.4 PRIMARY INSIGHTS
9 SELF-DRIVING CARS MARKET, BY VEHICLE CLASS
9.1 INTRODUCTION
9.2 A&B
9.2.1 EMPHASIS ON AFFORDABLE AUTOMATION TO DRIVE MARKET
9.3 C&D
9.3.1 ELEVATED DEMAND FOR ADAS-EQUIPPED MID-SIZE SEDANS AND SUVS TO DRIVE MARKET
9.4 E&F
9.4.1 SHIFT TOWARD LUXURY DRIVING EXPERIENCES TO DRIVE MARKET
9.5 PRIMARY INSIGHTS
10 SELF-DRIVING CARS MARKET, BY REGION
10.1 INTRODUCTION
10.2 ASIA PACIFIC
10.2.1 MACROECONOMIC OUTLOOK
10.2.2 CHINA
10.2.2.1 Government support to drive market
10.2.3 INDIA
10.2.3.1 Focus on advanced mobility solutions to drive market
10.2.4 JAPAN
10.2.4.1 Technological advancements by prominent players to drive market
10.2.5 SOUTH KOREA
10.2.5.1 Strategic collaborations between self-driving car manufacturers to drive market
10.3 EUROPE
10.3.1 MACROECONOMIC OUTLOOK
10.3.2 GERMANY
10.3.2.1 Significant presence of prominent automakers and components suppliers to drive market
10.3.3 FRANCE
10.3.3.1 Emphasis on sustainable transportation solutions and advanced mobility services to drive market
10.3.4 ITALY
10.3.4.1 Consumer demand for safer driving solutions to drive market
10.3.5 UK
10.3.5.1 Rapid development of autonomous vehicles to drive market
10.3.6 SPAIN
10.3.6.1 Government’s push for improving road safety to drive market
10.4 NORTH AMERICA
10.4.1 MACROECONOMIC OUTLOOK
10.4.2 US
10.4.2.1 Wide consumer acceptance of autonomous technologies to drive market
10.4.3 CANADA
10.4.3.1 Emergence of innovative start-ups to drive market
11 COMPETITIVE LANDSCAPE
11.1 INTRODUCTION
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022–2024
11.3 REVENUE ANALYSIS OF SELF-DRIVING CAR MANUFACTURERS, 2019–2023
11.4 MARKET SHARE ANALYSIS FOR SELF-DRIVING CAR MANUFACTURERS, 2023
11.5 MARKET RANKING OF AUTONOMOUS DRIVING COMPONENT PROVIDERS, 2023
11.6 COMPANY VALUATION AND FINANCIAL METRICS
11.7 BRAND/PRODUCT COMPARISON
11.8 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
11.8.1 STARS
11.8.2 EMERGING LEADERS
11.8.3 PERVASIVE PLAYERS
11.8.4 PARTICIPANTS
11.8.5 COMPANY FOOTPRINT
11.8.5.1 Company footprint
11.8.5.2 Level of autonomy footprint
11.8.5.3 Mobility type footprint
11.8.5.4 Vehicle class footprint
11.8.5.5 Region footprint
11.9 COMPANY EVALUATION MATRIX: START-UPS/SMES, 2024
11.9.1 PROGRESSIVE COMPANIES
11.9.2 RESPONSIVE COMPANIES
11.9.3 DYNAMIC COMPANIES
11.9.4 STARTING BLOCKS
11.9.5 COMPETITIVE BENCHMARKING
11.9.5.1 List of start-ups/SMEs
11.9.5.2 Competitive benchmarking of start-ups/SMEs
11.10 COMPETITIVE SCENARIO
11.10.1 PRODUCT LAUNCHES/DEVELOPMENTS
11.10.2 DEALS
11.10.3 EXPANSIONS
11.10.4 OTHERS
12 COMPANY PROFILES
12.1 KEY PLAYERS (OEMS)
12.1.1 TOYOTA MOTOR CORPORATION
12.1.1.1 Business overview
12.1.1.2 Products/Solutions/Services offered
12.1.1.3 Recent developments
12.1.1.3.1 Product launches/developments
12.1.1.3.2 Deals
12.1.1.4 MnM view
12.1.1.4.1 Key strengths
12.1.1.4.2 Strategic choices
12.1.1.4.3 Weaknesses and competitive threats
12.1.2 TESLA
12.1.2.1 Business overview
12.1.2.2 Products/Solutions/Services offered
12.1.2.3 Recent developments
12.1.2.3.1 Product launches/developments
12.1.2.3.2 Deals
12.1.2.3.3 Expansions
12.1.2.3.4 Others
12.1.2.4 MnM view
12.1.2.4.1 Key strengths
12.1.2.4.2 Strategic choices
12.1.2.4.3 Weaknesses and competitive threats
12.1.3 BYD CO., LTD.
12.1.3.1 Business overview
12.1.3.2 Products/Solutions/Services offered
12.1.3.3 Recent developments
12.1.3.3.1 Product launches/developments
12.1.3.3.2 Deals
12.1.3.3.3 Others
12.1.3.4 MnM view
12.1.3.4.1 Key strengths
12.1.3.4.2 Strategic choices
12.1.3.4.3 Weaknesses and competitive threats
12.1.4 VOLKSWAGEN GROUP
12.1.4.1 Business overview
12.1.4.2 Products/Solutions/Services offered
12.1.4.3 Recent developments
12.1.4.3.1 Deals
12.1.4.4 MnM view
12.1.4.4.1 Key strengths
12.1.4.4.2 Strategic choices
12.1.4.4.3 Weaknesses and competitive threats
12.1.5 FORD MOTOR COMPANY
12.1.5.1 Business overview
12.1.5.2 Products/Solutions/Services offered
12.1.5.3 Recent developments
12.1.5.3.1 Others
12.1.5.4 MnM view
12.1.5.4.1 Key strengths
12.1.5.4.2 Strategic choices
12.1.5.4.3 Weaknesses and competitive threats
12.1.6 GENERAL MOTORS
12.1.6.1 Business overview
12.1.6.2 Products/Solutions/Services offered
12.1.6.3 Recent developments
12.1.6.3.1 Product launches/developments
12.1.6.3.2 Deals
12.1.6.3.3 Expansions
12.1.7 MERCEDES-BENZ GROUP AG
12.1.7.1 Business overview
12.1.7.2 Products/Solutions/Services offered
12.1.7.3 Recent developments
12.1.7.3.1 Product launches/developments
12.1.7.3.2 Deals
12.1.8 WAYMO LLC
12.1.8.1 Business overview
12.1.8.2 Products/Solutions/Services offered
12.1.8.3 Recent developments
12.1.8.3.1 Product launches/developments
12.1.8.3.2 Deals
12.1.8.3.3 Expansions
12.1.9 BMW GROUP
12.1.9.1 Business overview
12.1.9.2 Products/Solutions/Services offered
12.1.9.3 Recent developments
12.1.9.3.1 Deals
12.1.9.3.2 Others
12.1.10 HYUNDAI MOTOR GROUP
12.1.10.1 Business overview
12.1.10.2 Products/Solutions/Services offered
12.1.10.3 Recent developments
12.1.10.3.1 Product launches/developments
12.1.10.3.2 Deals
12.2 KEY PLAYERS (COMPONENT PROVIDERS)
12.2.1 MOBILEYE
12.2.1.1 Business overview
12.2.1.2 Products/Solutions/Services offered
12.2.1.3 Recent developments
12.2.1.3.1 Product launches/developments
12.2.1.3.2 Deals
12.2.2 NVIDIA CORPORATION
12.2.2.1 Business overview
12.2.2.2 Products/Solutions/Services offered
12.2.2.3 Recent developments
12.2.2.3.1 Product launches/developments
12.2.2.3.2 Deals
12.2.3 ROBERT BOSCH GMBH
12.2.3.1 Business overview
12.2.3.2 Products/Solutions/Services offered
12.2.3.3 Recent developments
12.2.3.3.1 Product launches/developments
12.2.3.3.2 Deals
12.2.3.3.3 Expansions
12.2.4 CONTINENTAL AG
12.2.4.1 Business overview
12.2.4.2 Products/Solutions/Services offered
12.2.4.3 Recent developments
12.2.4.3.1 Product launches/developments
12.2.4.3.2 Deals
12.2.4.3.3 Expansions
12.2.4.3.4 Others
12.2.5 ZF FRIEDRICHSHAFEN AG
12.2.5.1 Business overview
12.2.5.2 Products/Solutions/Services offered
12.2.5.3 Recent developments
12.2.5.3.1 Product launches/developments
12.2.5.3.2 Deals
12.2.6 DENSO CORPORATION
12.2.6.1 Business overview
12.2.6.2 Products/Solutions/Services offered
12.2.6.3 Recent developments
12.2.6.3.1 Product launches/developments
12.2.6.3.2 Deals
12.2.6.3.3 Others
12.2.7 MAGNA INTERNATIONAL INC.
12.2.7.1 Business overview
12.2.7.2 Products/Solutions/Services offered
12.2.7.3 Recent developments
12.2.7.3.1 Product launches/developments
12.2.7.3.2 Deals
12.2.7.3.3 Expansions
12.2.8 NXP SEMICONDUCTORS
12.2.8.1 Business overview
12.2.8.2 Products/Solutions/Services offered
12.2.8.3 Recent developments
12.2.8.3.1 Product launches/developments
12.2.8.3.2 Deals
12.2.9 APTIV
12.2.9.1 Business overview
12.2.9.2 Products/Solutions/Services offered
12.2.9.3 Recent developments
12.2.9.3.1 Product launches/developments
12.2.9.3.2 Deals
12.2.10 VALEO
12.2.10.1 Business overview
12.2.10.2 Products/Solutions/Services offered
12.2.10.3 Recent developments
12.2.10.3.1 Deals
12.2.10.3.2 Expansions
12.2.10.3.3 Others
12.3 OTHER PLAYERS (OEMS)
12.3.1 STELLANTIS NV
12.3.2 RENAULT GROUP
12.3.3 MOTIONAL, INC.
12.3.4 ZOOX, INC.
12.3.5 NAVYA
12.4 OTHER PLAYERS (COMPONENT PROVIDERS)
12.4.1 AURORA INNOVATION INC.
12.4.2 NURO, INC.
12.4.3 AISIN CORPORATION
12.4.4 HITACHI AUTOMOTIVE
12.4.5 RENESAS ELECTRONICS CORPORATION
12.4.6 INFINEON TECHNOLOGIES AG
12.4.7 FICOSA INTERNATIONAL SA
12.4.8 TEXAS INSTRUMENTS
12.4.9 VOXX INTERNATIONAL CORP
12.4.10 BLACKBERRY
12.4.11 MICROSEMI CORPORATION
12.4.12 XILINX
12.4.13 VEONEER
12.4.14 SAMSUNG ELECTRO-MECHANICS
12.4.15 TELEDYNE FLIR LLC
12.4.16 MCNEX CO., LTD.
12.4.17 STONKAM CO., LTD.
12.4.18 LG ELECTRONICS
13 RECOMMENDATIONS BY MARKETSANDMARKETS
13.1 ASIA PACIFIC TO BE LARGEST MARKET FOR SELF-DRIVING CARS
13.2 LEVEL 3 AUTONOMY TO BE DOMINANT
13.3 LIDAR TO BE FASTEST-GROWING COMPONENT
13.4 AI TO BE PIVOTAL IN SELF-DRIVING CAR DEVELOPMENT
13.5 CONCLUSION
14 APPENDIX
14.1 INSIGHTS FROM INDUSTRY EXPERTS
14.2 DISCUSSION GUIDE
14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.4 CUSTOMIZATION OPTIONS
14.4.1 SELF-DRIVING CARS MARKET, BY LEVEL OF AUTONOMY, AT COUNTRY LEVEL
14.4.2 SELF-DRIVING CARS MARKET, BY EV TYPE, AT COUNTRY LEVEL
14.4.3 COMPANY INFORMATION
14.4.3.1 Profiling of additional market players (up to five)
14.5 RELATED REPORTS
14.6 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
1.3.2 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 UNIT CONSIDERED
1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Primary participants
2.1.2.2 Primary interviewees from demand and supply sides
2.1.2.3 Breakdown of primary interviews
2.1.2.4 Primary research objectives
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.3 DATA TRIANGULATION
2.4 FACTOR ANALYSIS
2.5 RESEARCH ASSUMPTIONS
2.6 RESEARCH LIMITATIONS
2.7 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SELF-DRIVING CARS MARKET
4.2 SELF-DRIVING CARS MARKET, BY REGION
4.3 SELF-DRIVING CARS MARKET, BY LEVEL OF AUTONOMY
4.4 SELF-DRIVING CARS MARKET, BY COMPONENT
4.5 SELF-DRIVING CARS MARKET, BY MOBILITY TYPE
4.6 SELF-DRIVING CARS MARKET, BY VEHICLE CLASS
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Focus on improving road safety
5.2.1.2 Government regulations for integration of advanced safety technologies
5.2.1.3 Rise of autonomous ride-hailing services
5.2.2 RESTRAINTS
5.2.2.1 High development costs
5.2.2.2 Data privacy concerns
5.2.3 OPPORTUNITIES
5.2.3.1 Emergence of subscription-based service offerings
5.2.3.2 Consumer focus on sustainable transportation solutions
5.2.4 CHALLENGES
5.2.4.1 Substantial cost of ADAS integration
5.2.4.2 Lack of software standardization
5.2.4.3 Inadequate infrastructure for self-driving cars
5.3 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
5.4 PRICING ANALYSIS
5.4.1 AVERAGE SELLING PRICE TREND, BY COMPONENT
5.4.2 AVERAGE SELLING PRICE TREND, BY REGION
5.5 ECOSYSTEM ANALYSIS
5.6 VALUE CHAIN ANALYSIS
5.7 CASE STUDY ANALYSIS
5.7.1 FRANKFURT AIRPORT CONDUCTS TRIALS FOR AUTONOMOUS BAGGAGE TRACTORS TO ENHANCE OPERATIONAL EFFICIENCY
5.7.2 CONTINENTAL DEVELOPS INNOVATIVE SOLUTIONS TO ADDRESS AUTONOMOUS DRIVING CHALLENGES
5.7.3 WAYMO INTEGRATES ADVANCED PERCEPTION SYSTEMS WITH SENSORS TO REDUCE TRAFFIC-RELATED FATALITIES
5.7.4 AMBARELLA OFFERS AD SOFTWARE AND HARDWARE SOLUTIONS FOR SCALABLE AUTONOMOUS DRIVING
5.7.5 NVIDIA PROVIDES OPEN AV DEVELOPMENT PLATFORM FOR AUTONOMOUS VEHICLES
5.7.6 GENERAL MOTORS AND UMTRI EVALUATE SAFETY SYSTEMS TO REDUCE COLLISIONS
5.8 IMPACT OF AI
5.9 INVESTMENT AND FUNDING SCENARIO
5.10 PATENT ANALYSIS
5.11 TECHNOLOGY ANALYSIS
5.11.1 KEY TECHNOLOGIES
5.11.1.1 V2X
5.11.1.2 Thermal imaging cameras
5.11.1.3 Edge computing
5.11.2 COMPLEMENTARY TECHNOLOGIES
5.11.2.1 Cloud computing
5.11.2.2 Terrain sensing systems
5.11.2.3 Automated valet parking
5.11.3 ADJACENT TECHNOLOGIES
5.11.3.1 Solid-state LiDAR
5.11.3.2 Blockchain
5.12 TRADE ANALYSIS
5.13 REGULATORY LANDSCAPE
5.13.1 REGULATIONS ON AUTONOMOUS VEHICLE USAGE, BY COUNTRY
5.13.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.14 KEY CONFERENCES AND EVENTS, 2024–2025
5.15 KEY STAKEHOLDERS AND BUYING CRITERIA
5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.15.2 BUYING CRITERIA
5.16 MNM INSIGHTS ON KEY OEMS’ INCLINATION TOWARD IN-HOUSE SOFTWARE DEVELOPMENT
5.17 AUTONOMOUS VEHICLE TRENDS AND KEY START-UPS
6 SELF-DRIVING CARS MARKET, BY LEVEL OF AUTONOMY
6.1 INTRODUCTION
6.2 SEMI-AUTONOMOUS
6.2.1 L1
6.2.1.1 Integration of entry-level ADAS for enhanced safety and comfort to drive market
6.2.2 L2
6.2.2.1 Increasing preference for advanced safety features to drive market
6.2.3 L3
6.2.3.1 Regulatory approvals to drive market
6.3 AUTONOMOUS
6.3.1 L4
6.3.1.1 Ongoing development of robotaxis and shuttles to drive market
6.3.2 L5
6.3.2.1 Growing investments in urban mobility and smart infrastructure to drive market
6.4 PRIMARY INSIGHTS
7 SELF-DRIVING CARS MARKET, BY COMPONENT
7.1 INTRODUCTION
7.2 CAMERA
7.2.1 FOCUS ON INCREASING VEHICLE SAFETY TO DRIVE MARKET
7.3 LIDAR
7.3.1 RAPID DEVELOPMENTS BY COMPONENT MANUFACTURERS TO DRIVE MARKET
7.4 RADAR
7.4.1 EXTENSIVE USE OF AUTOMATIC EMERGENCY BRAKING AND COLLISION AVOIDANCE FEATURES TO DRIVE MARKET
7.5 ULTRASONIC SENSOR
7.5.1 WIDESPREAD DEPLOYMENT IN ADAS APPLICATIONS TO DRIVE MARKET
7.6 INFRARED SENSOR
7.7 OTHERS
7.8 PRIMARY INSIGHTS
8 SELF-DRIVING CARS MARKET, BY MOBILITY TYPE
8.1 INTRODUCTION
8.2 PERSONAL MOBILITY
8.2.1 GROWING CONSUMER INTEREST IN AUTONOMOUS VEHICLE OWNERSHIP TO DRIVE MARKET
8.3 SHARED MOBILITY
8.3.1 RISING DEMAND FOR RIDE-SHARING AND ROBOTAXI SERVICES TO DRIVE MARKET
8.4 PRIMARY INSIGHTS
9 SELF-DRIVING CARS MARKET, BY VEHICLE CLASS
9.1 INTRODUCTION
9.2 A&B
9.2.1 EMPHASIS ON AFFORDABLE AUTOMATION TO DRIVE MARKET
9.3 C&D
9.3.1 ELEVATED DEMAND FOR ADAS-EQUIPPED MID-SIZE SEDANS AND SUVS TO DRIVE MARKET
9.4 E&F
9.4.1 SHIFT TOWARD LUXURY DRIVING EXPERIENCES TO DRIVE MARKET
9.5 PRIMARY INSIGHTS
10 SELF-DRIVING CARS MARKET, BY REGION
10.1 INTRODUCTION
10.2 ASIA PACIFIC
10.2.1 MACROECONOMIC OUTLOOK
10.2.2 CHINA
10.2.2.1 Government support to drive market
10.2.3 INDIA
10.2.3.1 Focus on advanced mobility solutions to drive market
10.2.4 JAPAN
10.2.4.1 Technological advancements by prominent players to drive market
10.2.5 SOUTH KOREA
10.2.5.1 Strategic collaborations between self-driving car manufacturers to drive market
10.3 EUROPE
10.3.1 MACROECONOMIC OUTLOOK
10.3.2 GERMANY
10.3.2.1 Significant presence of prominent automakers and components suppliers to drive market
10.3.3 FRANCE
10.3.3.1 Emphasis on sustainable transportation solutions and advanced mobility services to drive market
10.3.4 ITALY
10.3.4.1 Consumer demand for safer driving solutions to drive market
10.3.5 UK
10.3.5.1 Rapid development of autonomous vehicles to drive market
10.3.6 SPAIN
10.3.6.1 Government’s push for improving road safety to drive market
10.4 NORTH AMERICA
10.4.1 MACROECONOMIC OUTLOOK
10.4.2 US
10.4.2.1 Wide consumer acceptance of autonomous technologies to drive market
10.4.3 CANADA
10.4.3.1 Emergence of innovative start-ups to drive market
11 COMPETITIVE LANDSCAPE
11.1 INTRODUCTION
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022–2024
11.3 REVENUE ANALYSIS OF SELF-DRIVING CAR MANUFACTURERS, 2019–2023
11.4 MARKET SHARE ANALYSIS FOR SELF-DRIVING CAR MANUFACTURERS, 2023
11.5 MARKET RANKING OF AUTONOMOUS DRIVING COMPONENT PROVIDERS, 2023
11.6 COMPANY VALUATION AND FINANCIAL METRICS
11.7 BRAND/PRODUCT COMPARISON
11.8 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
11.8.1 STARS
11.8.2 EMERGING LEADERS
11.8.3 PERVASIVE PLAYERS
11.8.4 PARTICIPANTS
11.8.5 COMPANY FOOTPRINT
11.8.5.1 Company footprint
11.8.5.2 Level of autonomy footprint
11.8.5.3 Mobility type footprint
11.8.5.4 Vehicle class footprint
11.8.5.5 Region footprint
11.9 COMPANY EVALUATION MATRIX: START-UPS/SMES, 2024
11.9.1 PROGRESSIVE COMPANIES
11.9.2 RESPONSIVE COMPANIES
11.9.3 DYNAMIC COMPANIES
11.9.4 STARTING BLOCKS
11.9.5 COMPETITIVE BENCHMARKING
11.9.5.1 List of start-ups/SMEs
11.9.5.2 Competitive benchmarking of start-ups/SMEs
11.10 COMPETITIVE SCENARIO
11.10.1 PRODUCT LAUNCHES/DEVELOPMENTS
11.10.2 DEALS
11.10.3 EXPANSIONS
11.10.4 OTHERS
12 COMPANY PROFILES
12.1 KEY PLAYERS (OEMS)
12.1.1 TOYOTA MOTOR CORPORATION
12.1.1.1 Business overview
12.1.1.2 Products/Solutions/Services offered
12.1.1.3 Recent developments
12.1.1.3.1 Product launches/developments
12.1.1.3.2 Deals
12.1.1.4 MnM view
12.1.1.4.1 Key strengths
12.1.1.4.2 Strategic choices
12.1.1.4.3 Weaknesses and competitive threats
12.1.2 TESLA
12.1.2.1 Business overview
12.1.2.2 Products/Solutions/Services offered
12.1.2.3 Recent developments
12.1.2.3.1 Product launches/developments
12.1.2.3.2 Deals
12.1.2.3.3 Expansions
12.1.2.3.4 Others
12.1.2.4 MnM view
12.1.2.4.1 Key strengths
12.1.2.4.2 Strategic choices
12.1.2.4.3 Weaknesses and competitive threats
12.1.3 BYD CO., LTD.
12.1.3.1 Business overview
12.1.3.2 Products/Solutions/Services offered
12.1.3.3 Recent developments
12.1.3.3.1 Product launches/developments
12.1.3.3.2 Deals
12.1.3.3.3 Others
12.1.3.4 MnM view
12.1.3.4.1 Key strengths
12.1.3.4.2 Strategic choices
12.1.3.4.3 Weaknesses and competitive threats
12.1.4 VOLKSWAGEN GROUP
12.1.4.1 Business overview
12.1.4.2 Products/Solutions/Services offered
12.1.4.3 Recent developments
12.1.4.3.1 Deals
12.1.4.4 MnM view
12.1.4.4.1 Key strengths
12.1.4.4.2 Strategic choices
12.1.4.4.3 Weaknesses and competitive threats
12.1.5 FORD MOTOR COMPANY
12.1.5.1 Business overview
12.1.5.2 Products/Solutions/Services offered
12.1.5.3 Recent developments
12.1.5.3.1 Others
12.1.5.4 MnM view
12.1.5.4.1 Key strengths
12.1.5.4.2 Strategic choices
12.1.5.4.3 Weaknesses and competitive threats
12.1.6 GENERAL MOTORS
12.1.6.1 Business overview
12.1.6.2 Products/Solutions/Services offered
12.1.6.3 Recent developments
12.1.6.3.1 Product launches/developments
12.1.6.3.2 Deals
12.1.6.3.3 Expansions
12.1.7 MERCEDES-BENZ GROUP AG
12.1.7.1 Business overview
12.1.7.2 Products/Solutions/Services offered
12.1.7.3 Recent developments
12.1.7.3.1 Product launches/developments
12.1.7.3.2 Deals
12.1.8 WAYMO LLC
12.1.8.1 Business overview
12.1.8.2 Products/Solutions/Services offered
12.1.8.3 Recent developments
12.1.8.3.1 Product launches/developments
12.1.8.3.2 Deals
12.1.8.3.3 Expansions
12.1.9 BMW GROUP
12.1.9.1 Business overview
12.1.9.2 Products/Solutions/Services offered
12.1.9.3 Recent developments
12.1.9.3.1 Deals
12.1.9.3.2 Others
12.1.10 HYUNDAI MOTOR GROUP
12.1.10.1 Business overview
12.1.10.2 Products/Solutions/Services offered
12.1.10.3 Recent developments
12.1.10.3.1 Product launches/developments
12.1.10.3.2 Deals
12.2 KEY PLAYERS (COMPONENT PROVIDERS)
12.2.1 MOBILEYE
12.2.1.1 Business overview
12.2.1.2 Products/Solutions/Services offered
12.2.1.3 Recent developments
12.2.1.3.1 Product launches/developments
12.2.1.3.2 Deals
12.2.2 NVIDIA CORPORATION
12.2.2.1 Business overview
12.2.2.2 Products/Solutions/Services offered
12.2.2.3 Recent developments
12.2.2.3.1 Product launches/developments
12.2.2.3.2 Deals
12.2.3 ROBERT BOSCH GMBH
12.2.3.1 Business overview
12.2.3.2 Products/Solutions/Services offered
12.2.3.3 Recent developments
12.2.3.3.1 Product launches/developments
12.2.3.3.2 Deals
12.2.3.3.3 Expansions
12.2.4 CONTINENTAL AG
12.2.4.1 Business overview
12.2.4.2 Products/Solutions/Services offered
12.2.4.3 Recent developments
12.2.4.3.1 Product launches/developments
12.2.4.3.2 Deals
12.2.4.3.3 Expansions
12.2.4.3.4 Others
12.2.5 ZF FRIEDRICHSHAFEN AG
12.2.5.1 Business overview
12.2.5.2 Products/Solutions/Services offered
12.2.5.3 Recent developments
12.2.5.3.1 Product launches/developments
12.2.5.3.2 Deals
12.2.6 DENSO CORPORATION
12.2.6.1 Business overview
12.2.6.2 Products/Solutions/Services offered
12.2.6.3 Recent developments
12.2.6.3.1 Product launches/developments
12.2.6.3.2 Deals
12.2.6.3.3 Others
12.2.7 MAGNA INTERNATIONAL INC.
12.2.7.1 Business overview
12.2.7.2 Products/Solutions/Services offered
12.2.7.3 Recent developments
12.2.7.3.1 Product launches/developments
12.2.7.3.2 Deals
12.2.7.3.3 Expansions
12.2.8 NXP SEMICONDUCTORS
12.2.8.1 Business overview
12.2.8.2 Products/Solutions/Services offered
12.2.8.3 Recent developments
12.2.8.3.1 Product launches/developments
12.2.8.3.2 Deals
12.2.9 APTIV
12.2.9.1 Business overview
12.2.9.2 Products/Solutions/Services offered
12.2.9.3 Recent developments
12.2.9.3.1 Product launches/developments
12.2.9.3.2 Deals
12.2.10 VALEO
12.2.10.1 Business overview
12.2.10.2 Products/Solutions/Services offered
12.2.10.3 Recent developments
12.2.10.3.1 Deals
12.2.10.3.2 Expansions
12.2.10.3.3 Others
12.3 OTHER PLAYERS (OEMS)
12.3.1 STELLANTIS NV
12.3.2 RENAULT GROUP
12.3.3 MOTIONAL, INC.
12.3.4 ZOOX, INC.
12.3.5 NAVYA
12.4 OTHER PLAYERS (COMPONENT PROVIDERS)
12.4.1 AURORA INNOVATION INC.
12.4.2 NURO, INC.
12.4.3 AISIN CORPORATION
12.4.4 HITACHI AUTOMOTIVE
12.4.5 RENESAS ELECTRONICS CORPORATION
12.4.6 INFINEON TECHNOLOGIES AG
12.4.7 FICOSA INTERNATIONAL SA
12.4.8 TEXAS INSTRUMENTS
12.4.9 VOXX INTERNATIONAL CORP
12.4.10 BLACKBERRY
12.4.11 MICROSEMI CORPORATION
12.4.12 XILINX
12.4.13 VEONEER
12.4.14 SAMSUNG ELECTRO-MECHANICS
12.4.15 TELEDYNE FLIR LLC
12.4.16 MCNEX CO., LTD.
12.4.17 STONKAM CO., LTD.
12.4.18 LG ELECTRONICS
13 RECOMMENDATIONS BY MARKETSANDMARKETS
13.1 ASIA PACIFIC TO BE LARGEST MARKET FOR SELF-DRIVING CARS
13.2 LEVEL 3 AUTONOMY TO BE DOMINANT
13.3 LIDAR TO BE FASTEST-GROWING COMPONENT
13.4 AI TO BE PIVOTAL IN SELF-DRIVING CAR DEVELOPMENT
13.5 CONCLUSION
14 APPENDIX
14.1 INSIGHTS FROM INDUSTRY EXPERTS
14.2 DISCUSSION GUIDE
14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.4 CUSTOMIZATION OPTIONS
14.4.1 SELF-DRIVING CARS MARKET, BY LEVEL OF AUTONOMY, AT COUNTRY LEVEL
14.4.2 SELF-DRIVING CARS MARKET, BY EV TYPE, AT COUNTRY LEVEL
14.4.3 COMPANY INFORMATION
14.4.3.1 Profiling of additional market players (up to five)
14.5 RELATED REPORTS
14.6 AUTHOR DETAILS
