The global Autonomous vehicles market is anticipated to grow at a CAGR of 24.2% during the forecast period (2023-2030). The global Autonomous vehicles market is anticipated to grow at a significant rate owing to several factors which includes, increasing demand for safety and convenience, Rising demand for shared mobility, and recent advancements in technology, such as artificial intelligence, machine learning, and sensor technology.
In November 2023, ECARX, a provider of mobility technology, has launched a new series of Advanced Driver Assistance System (ADAS) enabled products, starting with the ECARX Skyland Pro. It will support drivers as the autonomy of their vehicles increases. Delivery of the ECARX ADAS platform has already taken place, with the beginning of mass production marking a significant milestone for the company. Owing to its dual system-on-chip (SoC) architecture, ECARX Skyland Pro delivers exceptional performance, and is supported by a sophisticated safety system.
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In July 2023, Volkswagen plans to test 10 ID Buzz electric vehicles retrofitted with Mobileye’s autonomous driving platform with safety drivers on board in limited areas of Austin, including downtown. it plans to launch autonomous, or self-driving, vehicles for ride-hailing and goods delivery services in Austin, Texas by 2026. Volkswagen plans to test 10 ID Buzz electric vehicles retrofitted with Mobileye’s autonomous driving platform with safety drivers on board in limited areas of Austin.
In March 2023, May Mobility, announced the launch of its third-generation autonomous driving system, another significant step on the path to driverless commercial operations that will improve safety, efficiency and rider satisfaction. Improvements include increased speed, tele-assist capabilities and improved detection accuracy. May Mobility's technology improvements benefit communities and riders in urban, suburban and rural areas who have access to cutting-edge transit. The company's autonomy stack includes its third-generation vision stack, next-generation pedestrian modeling and other improvements that allow the vehicle to navigate smoothly through a variety of interactions and situations
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Component
o By Application
o By Vehicle Type
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes, AB Volvo, Bayerische Motoren Werke AG, Ford Motor Company, General Motors, Hyundai Motor Group, Mercedes-Benz AG, Renault SA, Tesla, Inc., Toyota Motor Corp, Volkswagen Group, and others.
Key questions addressed by the report
Global Autonomous vehicles Market Report Segment
By Component
By Application
By Vehicle Type
Global Autonomous vehicles Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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