Autonomous Vehicles Market by Type and Geography - Forecast and Analysis 2020-2024

The autonomous vehicles market and it is poised to grow by 5.64 million units during 2020-2024, progressing at a CAGR of over 21% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Alphabet Inc., BMW AG, Daimler AG, Ford Motor Co., General Motors Co., Hyundai Motor Co., Intel Corp., Tesla Inc., Toyota Motor Corporation, and Volkswagen AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

The increasing demand for autonomy of vehicles has been instrumental in driving the growth of the market. However, high driver distractions due to increase in vehicle automation might hamper the market growth.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Download a Free Sample Report on COVID-19 Impacts

Autonomous Vehicles Market 2020-2024: Segmentation

Autonomous Vehicles Market is segmented as below:

• Type
• Passenger Cars
• Commercial Vehicles
• Geography
• North America
• Europe
• APAC
• South America
• MEA

Autonomous Vehicles Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The autonomous vehicles market report covers the following areas:

• Autonomous Vehicles Market Size
• Autonomous Vehicles Market Trends
• Autonomous Vehicles Market Industry Analysis

This study identifies the development of autonomous vehicles for cab and parcel delivery services as one of the prime reasons driving the Autonomous Vehicles Market growth during the next few years.