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Autonomous Utility Vehicle Market Share

Report ID: GMI9415
Published Date: May 2024
Report Format: PDF

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Autonomous Utility Vehicle Market Share

Ford, General Motors, and Honda dominate the autonomous utility vehicle industry. Major players are investing heavily in R&D to develop advanced autonomous technology, sensors, and AI algorithms tailored for utility vehicles. These investments help companies stay at the forefront of innovation and develop cutting-edge solutions that meet the evolving needs of customers.

Companies are also forming strategic partnerships and collaborations with technology firms, automotive manufacturers, research institutions, and government agencies to accelerate the development and deployment of autonomous utility vehicles. These partnerships enable companies to leverage complementary expertise, resources, and technologies to bring innovative solutions to the market faster.

Autonomous Utility Vehicle Market Companies

Major companies operating in the autonomous utility vehicle industry are:

Daimler AG
Fiat Chrysler Automobiles (FCA)
Ford Motor Company
General Motors Company (GMC)
Honda Motor Co., Ltd.
Hyundai Motor Company
Nissan Motor Corporation
Stellantis
Toyota Motor Corporation
Volkswagen AG

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of autonomous utility vehicle reached USD 1.6 trillion in 2023 and is set to witness 9.5% CAGR between 2024 and 2032, led by high investments and financial support for new technologies.

Electric autonomous utility vehicle segment is expected to hold over 33% revenue share by 2032, as it lowers operating costs of the vehicle and the emissions polluting the environment.

Asia Pacific market size was USD 764.2 billion in revenue in 2023, driven by growing economies and urbanization.

Daimler AG, Fiat Chrysler Automobiles (FCA), Ford Motor Company, General Motors Company (GMC), Honda Motor Co., Ltd., Hyundai Motor Company, Nissan Motor Corporation, and Stellantis among others.