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

  • Reducing climate impacts starts at the intersection, says Inrix
    September 11, 2023
    The tools to identify and reduce unnecessary delays at intersections are here – and traffic signal performance improvement is also eligible for US government funding, points out Rick Schuman of Inrix
    Read More
  • CO₂ mitigation measures for transport ‘will not achieve climate ambitions’
    January 31, 2017
    Current and foreseeable policies to mitigate carbon-dioxide (CO₂) emissions from global transport activity will not suffice to achieve the international community’s climate ambitions, according to a new study published by the International Transport Forum (ITF). Continued strong growth in demand for mobility means that even in the most optimistic scenario, transport CO₂ emissions in 2050 will still be at 2015 levels of around 7.5 giga-tonnes, according to projections published in the ITF Transport Outlook 2
    Read More
  • European public transport market expected to reach US$1.9 billion by 2016
    October 25, 2012
    According to a new research report from analysts Berg Insight, the European market for ITS systems for public transport is in a growth phase which will last for several years to come and by 2016 the market value for ITS systems deployed in public transport operations in Europe is expected to reach US1.9 billion by 2016. The report claims the fluctuating economic climate has in most countries had little effect on the market as the public investments which underpin a major part of the ITS initiatives have rem
    Read More
  • The downside of driverless vehicles
    October 27, 2016
    Driverless cars will have a detrimental effect on congestion and security while the road safety benefits can be achieved sooner and cheaper using ADAS, argues Colin Sowman. Many Governments are consulting about the introduction of driverless vehicles and even running trials. As 70% or 80% of crashes are caused by human error, the promise of a crash-free future of driverless, self-driving or autonomous vehicles (call them what you will) is alluring, as are the claims of reduced congestion and lower emissions
    Read More

Highlighted Content