Who are the key leaders in the autonomous vehicle market?

AB Volvo, BMW AG, Embark Trucks Inc., General Motors Company, Honda Motor Company, Nissan Motor Co. Ltd., Tesla Inc., Toyota Motor Corporation, and Volkswagen AG are some of the major autonomous vehicle companies worldwide.

How big is the North America autonomous vehicle industry?

North America market reached 19% revenue share in 2023, attributed to rising traffic congestion and deaths, along with a public desire for convenience in the region.

Why is the demand for autonomous vehicles driven by ICE fuel growing?

The ICE segment recorded over 65% share in 2023, due to being substantially less expensive, making them more viable for early research & testing.

What is the value of the autonomous vehicle market?

The market size of autonomous vehicle reached USD 2 trillion in 2023 and is set to witness 13.5% CAGR from 2024 to 2032, owing to increasing consumer inclination towards autonomous driving worldwide.

Autonomous Vehicle Market Share

Report ID: GMI8218

Published Date: February 2024

Report Format: PDF

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Autonomous Vehicle Market Share

Volkswagen AG and Toyota Motor Corporation dominate the autonomous vehicle industry with over 15% of the market share. Volkswagen AG dedicates considerable resources to research and development (R&D) efforts, primarily directed towards advancing autonomous vehicle technology. Additionally, they allocate investments towards state-of-the-art sensors, artificial intelligence, and machine learning algorithms, aiming to elevate the safety, dependability, and effectiveness of autonomous driving systems.

Toyota Motor Corporation adopts a data-centric strategy in the development of autonomous vehicles, gathering and evaluating real-world driving data. Leveraging insights gleaned from data analytics, they refine autonomous driving algorithms, bolster predictive capabilities, and fine-tune vehicle performance and safety measures.

Autonomous Vehicle Market Companies

Major companies operating in the autonomous vehicle industry are:

AB Volvo
BMW AG
Embark Trucks Inc.
General Motors Company
Honda Motor Company
Nissan Motor Co. Ltd.
Tesla Inc.
Toyota Motor Corporation
Volkswagen AG

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Question(FAQ) :

Who are the key leaders in the autonomous vehicle market?: AB Volvo, BMW AG, Embark Trucks Inc., General Motors Company, Honda Motor Company, Nissan Motor Co. Ltd., Tesla Inc., Toyota Motor Corporation, and Volkswagen AG are some of the major autonomous vehicle companies worldwide.
How big is the North America autonomous vehicle industry?: North America market reached 19% revenue share in 2023, attributed to rising traffic congestion and deaths, along with a public desire for convenience in the region.
Why is the demand for autonomous vehicles driven by ICE fuel growing?: The ICE segment recorded over 65% share in 2023, due to being substantially less expensive, making them more viable for early research & testing.
What is the value of the autonomous vehicle market?: The market size of autonomous vehicle reached USD 2 trillion in 2023 and is set to witness 13.5% CAGR from 2024 to 2032, owing to increasing consumer inclination towards autonomous driving worldwide.

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Authors: Preeti Wadhwani, Aishvarya Ambekar

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Premium Report Details

Base Year: 2023

Companies covered: 20

Tables & Figures: 350

Countries covered: 22

Pages: 260

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Autonomous Vehicle Market Share

Autonomous Vehicle Market Share

Autonomous Vehicle Market Companies

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