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

Related Content

  • Israel’s public transport infrastructure ‘lags behind developed countries’
    March 20, 2015
    According to a new report soon to be published by the Bank of Israel, the level of infrastructure in Israel remains lower in some areas—particularly in the area of metropolitan public transit—than in most developed countries. This report, according to an advance copy released this week, examines the level of available infrastructure and investments associated with the sector, as well as how the country fares in these arenas in comparison to other nations. It claims the volume of investment in urban and inte
    Read More
  • Research predicts growth of ANPR market
    October 26, 2012
    In its latest ANPR and Detection Sensor research, US analyst IHS provides a review of the various trends, economic, legislative, and technological, that shape the ANPR industry and concludes that difficult economic times have caused ANPR suppliers to switch their focus, placing greater emphasis on applications that generate a return on investment (ROI). The report forecasts the global market for Automatic Number Plate Recognition (ANPR) to reach US$350.4 million by the end of 2012, growth of 6.9 percent fr
    Read More
  • Global ITS market forecast 2012-2018
    July 10, 2013
    A new report from Transparency Market Research estimates that the global market for ITS, with demand coming from all countries worldwide, will grow with a double digit CAGR estimated around 12.4 per cent during 2012–2018. The application of ITS is not limited to just road transport, but has widespread applications across verticals such as military, rail, and air transport as well. Currently, the demand of ITS is mainly driven by the road transport sector, due to growing population and consequent sharp rise
    Read More
  • Global automotive park assist systems market 2014-2018
    May 2, 2014
    Research and Markets’ latest report, Global Automotive Park Assist Systems Market 2014-2018, forecasts the global automotive park assist systems market to grow at a CAGR of 6.53 per cent over the period 2013-2018. One of the key factors contributing to this market growth is the increasing demand for various advanced driver assistance systems (ADAS). The global automotive park assist systems market has also been witnessing the increasing adoption of camera-based systems. However, the recent economic slowdown
    Read More

Highlighted Content