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

  • Transportation infrastructure technology continues its advance
    July 17, 2012
    It is now 20 years since publication of the Strategic Plan for Intelligent Vehicle Highway Systems. A select group of luminary figures of the ITS industry give their assessment of progress to date This year the IVHS Strategic Plan turns 20, signaling the graduation of the field of Intelligent Transportation Systems from its tumultuous teens to young adulthood. After two decades tethered by the cords of youth and protected by the strict control of adult institutions, ITS has reached a turning point. Its y
    Read More
  • Opinion: With e-scooters sharing is caring
    April 25, 2022
    Micromobility use is expanding: Voi’s Matthew Pencharz explains why lawmakers need to catch up with the growth of e-scooters in particular and the implications for safety
    Read More
  • Researchers test cost-effective vehicle automation
    April 17, 2013
    Researchers at Oxford University in the UK are testing a combination of off-the-shelf technology which could enable a car to drive itself for sections of a familiar route. Dr Ingmar Posner of the University’s mobile robotics group is part of a team working on the car which he believes could affordably reach the showrooms in ten or fifteen years.
    Read More
  • Green requirements of traffic video systems
    February 2, 2012
    Traficon's Head of Product and Application Management Robin Collaert offers up a discussion of the likely future green requirements of traffic video systems. At the most basic levels, ITS has the potential to significantly reduce the amounts of time which vehicles spend waiting at intersections, and less time spent waiting means less in the way of vehicular emissions. All of that will hardly come as news to most laypeople, let alone transport professionals. However, the reality is that even today too many r
    Read More

Highlighted Content