Self-Driving Car and Truck Trends and Forecast
The future of the global self-driving car and truck market looks promising with opportunities in the transportation and defense markets. The global self-driving car and truck market is expected to reach an estimated $2.2 billion by 2030 with a CAGR of 10.5% from 2024 to 2030. The major drivers for this market are government financing, the creation of a conducive regulatory environment, and investments in digital infrastructure, along with the government assistance in advancing the infrastructure for self-driving cars.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Self-Driving Car and Truck by Segment
The study includes a forecast for the global self-driving car and truck by transportation type, application, and region.
Self-Driving Car and Truck Market by Transportation Type [Shipment Analysis by Value from 2018 to 2030]:
• Industrial
• Commercial
Self-Driving Car and Truck Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Transportation
• Defense
Self-Driving Car and Truck Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Self-Driving Car and Truck Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies self-driving car and truck companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the self-driving car and truck companies profiled in this report include-
• Audi
• BMW
• Daimler
• Ford Motor Company
• General Motors Company
• Google
• Honda Motor
• Nissan Motor Company
• Tesla
• Toyota Motor Corporation
Self-Driving Car and Truck Market Insights
Lucintel forecasts that commercial is expected to witness the higher growth over the forecast period.
Within this market, transportation is expected to witness the higher growth due to rising government funding in self-driving car trials.
North America is expected to witness highest growth over the forecast period due to changes to American traffic laws to allow self-driving vehicles on public roadways, as well as, state by state adoption of regulations is occurring in the United States to enable completely autonomous transportation.
Features of the Global Self-Driving Car and Truck Market
Market Size Estimates: Self-driving car and truck market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Self-driving car and truck market size by transportation type, application, and region in terms of value ($B).
Regional Analysis: Self-driving car and truck market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different transportation type, application, and regions for the self-driving car and truck market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the self-driving car and truck market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the self-driving car and truck market size?
Answer: The global self-driving car and truck market is expected to reach an estimated $2.2 billion by 2030.
Q2. What is the growth forecast for self-driving car and truck market?
Answer: The global self-driving car and truck market is expected to grow with a CAGR of 10.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the self-driving car and truck market?
Answer: The major drivers for this market are government financing, the creation of a conducive regulatory environment, and investments in digital infrastructure, along with the government assistance in advancing the infrastructure for self-driving cars.
Q4. What are the major segments for self-driving car and truck market?
Answer: The future of the global self-driving car and truck market looks promising with opportunities in the transportation and defense markets.
Q5. Who are the key self-driving car and truck market companies?
Answer: Some of the key self-driving car and truck companies are as follows:
• Audi
• BMW
• Daimler
• Ford Motor Company
• General Motors Company
• Google
• Honda Motor
• Nissan Motor Company
• Tesla
• Toyota Motor Corporation
Q6. Which self-driving car and truck market segment will be the largest in future?
Answer: Lucintel forecasts that commercial is expected to witness the higher growth over the forecast period.
Q7. In self-driving car and truck market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to changes to American traffic laws to allow self-driving vehicles on public roadways, as well as, state by state adoption of regulations is occurring in the United States to enable completely autonomous transportation.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the self-driving car and truck market by transportation type (industrial and commercial), application (transportation and defense), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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