Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Autonomous Cars Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
How Will the Autonomous Cars Market Grow Between 2024 and 2025?
The market size for autonomous cars has expanded quickly in recent years. The market was valued at $1176.95 billion in 2024 and is projected to reach $1304.49 billion in 2025. This represents a compound annual growth rate (CAGR) of 10.8%.
How Much Will the Autonomous Cars Market Be Worth in 2029?
The Autonomous Cars Global Market Report predicts that by 2029, the market will grow to $2022.51 billion, expanding at a compound annual growth rate (CAGR) of 11.6%.
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Which Autonomous Cars Market Drivers Are Linked to Revenue Growth?
The key drivers in the autonomous cars market are:
• Establishment of supportive government initiatives for autonomous cars
• Intensified research and development investments in self-driving vehicle technology
• Surge in consumer demand for electric vehicles
• Heightened concerns and focus on automotive safety measures
Which Segments Are Expected to Grow in the Autonomous Cars Market?
The autonomous cars market covered in this report is segmented –
1) By Automation Level: Level 1, Level 2, Level 3, Level 4, Level 5
2) By Product Type: Semi-Autonomous Vehicles, Fully-Autonomous Vehicles
3) By Application: Civil, Robo Taxi, Offline Taxis, Ride Hail And Ride Sharing, Other Applications
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What Are The Key Trends Impacting Growth In The Global Autonomous Cars Market?
The key trends in the autonomous cars market are:
• Collaborations with telecom service providers for setting up 5G network infrastructure for autonomous cars is an emerging trend.
• Rising investments in AI and cyber-security software to protect self-driving cars are on the rise.
• Increasing focus on integrating advanced vision solutions for better object recognition and direction.
• Utilization of augmented reality and virtual reality technologies, as well as attention towards pre-collision assist and pedestrian detection tech, is shaping the future of the autonomous cars market.
Who Are the Key Competitors in the Global Autonomous Cars Market?
Major players in the autonomous cars market are:
• Toyota Motor Corporation
• Volkswagen AG
• The Mercedes-Benz Group AG
• Ford Motor Company
• General Motors Company
• BMW AG
• Honda Motor Co. Ltd.
• Nissan Motor Co. Ltd.
• Volvo Car Group
• Tesla Inc.
• Hyundai Motor Company
• Audi AG
• PSA Group
• Renault
• Jaguar Land Rover
• NIO
• Daimler AG
• Vauxhall
• Kia
• Haval
• Chevrolet
• Fiat
Where Is the Autonomous Cars Market Growing Fastest Between 2025 and 2029?
Asia-Pacific was the largest region in the autonomous cars market in 2024
