Market for semi-autonomous vehicles to reach 7.84 million units by 2021, say researchers

The latest research published by MarketsandMarkets indicates that the global market for semi-autonomous vehicles is estimated to be 3.17 million units in 2016, and is projected to grow at a CAGR of 19.85 per cent from 2016 to 2021, to reach 7.84 million units by 2021. However, the global market for autonomous vehicles is estimated to be 0.18 million units in 2025, and is projected to grow at a CAGR of 41.26 per cent per cent from 2025 to 2030, to reach 1.01 million units by 2030. The report says the growth
May 11, 2017 Read time: 2 mins
The latest research published by 6418 MarketsandMarkets indicates that the global market for semi-autonomous vehicles is estimated to be 3.17 million units in 2016, and is projected to grow at a CAGR of 19.85 per cent from 2016 to 2021, to reach 7.84 million units by 2021.


However, the global market for autonomous vehicles is estimated to be 0.18 million units in 2025, and is projected to grow at a CAGR of 41.26 per cent per cent from 2025 to 2030, to reach 1.01 million units by 2030.  The report says the growth of this market is fuelled by technological developments and need for safety and security concerns.

Adaptive front lights are estimated to account for the largest share in the global market for semi-autonomous vehicles, whereas radar technology is estimated to account for the largest share of the global market for autonomous vehicles. Park assist technology is one of the most helpful techniques that aids in parking in most the congested spaces.

Passenger cars are expected to constitute the largest share, in term of value, in the global market for semi-autonomous and autonomous vehicles. This can be attributed to the growing need for highly secured personal cars and government norms in the emerging economies. It has triggered the demand for semi-autonomous and autonomous vehicles, from consumer side. The demand is expected to increase in developing and developed countries such as the US, Germany, China, and Japan, where key car manufacturers are located.

Europe and North America are estimated to account for the largest share, in terms of volume, of the semi-autonomous and autonomous vehicles market in 2016. This has led to an increase in vehicle production volumes over the years, with OEMs catering not only to the domestic demand but to overseas demand as well.

Location Based Systems

For more information on companies in this article

Related Content

  • ITS America, automakers respond to Rubio-Booker 5.9 GHz spectrum legislation
    June 23, 2014
    The Intelligent Transportation Society of America (ITS America) and US automakers have responded to the announcement on legislation introduced by US Senators Marco Rubio and Cory Booker that would set deadlines on the Federal Communications Commission (FCC) for developing and publishing a test plan for the use of unlicensed devices in the 5.9 GHz band. The senators introduced S. 2505, the Wi-Fi Innovation Act, legislation to expand unlicensed spectrum use by requiring the Federal Communications Commissio
    Read More
  • Survey outlines predictions for public transport by 2025
    January 22, 2016
    A new survey from Xerox underscores the desire for self-driving cars and smart digital services like integrated apps and cashless payment by Europe’s Generation Z (those aged 18-24 years old). The study was conducted by TNS on behalf of Xerox between 5 and 26 October 2015 among 1,200 respondents in 12 cities across the UK, France, Germany, Belgium and the Netherlands. It revealed that by 2025, a third (32 per cent) of 18-24 year olds expect to be using self-driving cars, four in ten (41 per cent) say they w
    Read More
  • Intelligent mobility leverages user-focused smartphone business model
    November 13, 2015
    New analysis by Frost & Sullivan claims the mobility network will draw inspiration from the user-interface oriented and service-driven, smartphone business model, to render car ownership an option for consumers. The subscription and user model of accessing vehicles will coexist alongside the traditional sales and ownership model, thereby enabling mobility-on-demand solutions for every commuting need. Even though the analysis, The Future of Intelligent Mobility and its Impact on Transportation, expects a
    Read More
  • Growth of legislation in favour of US enforcement market
    February 1, 2012
    The automated road safety enforcement industry in the United States had a very robust 2010. The industry continued to grow to the point that providers now have nearly 5,000 cameras deployed in 25 of the 50 states and the District of Columbia, with more than 650 communities utilising such life-saving technology. Intersection safety cameras are the most common application but more communities are also implementing road safety camera programmes to deter excessive speeding. Deploying cameras to protect children
    Read More

Highlighted Content