Market Overview:
The global L3 self-driving vehicle market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for autonomous vehicles across different applications and regions. The passenger vehicle segment is expected to hold the largest share of the global L3 self-driving vehicle market during the forecast period, followed by commercial vehicles. Asia Pacific is expected to be the fastest growing region in this market during the forecast period.
Product Definition:
L3 self-driving vehicles refers to an autonomous car that is able to navigate and operate without human input for the most part. These cars are able to handle Level 3 of autonomy, which means they can manage most situations without driver intervention but may require some help in more difficult scenarios. L3 self-driving vehicles are seen as a major step towards full automation and could play a large role in reducing accidents on the road.
Passenger Vehicle:
Passenger vehicle is a generic term used for referring to road vehicles that are designed to carry passengers and are used as a means of transportation. They can be categorized into two types: light-duty and heavy-duty. The demand for passenger vehicles has been growing over the past few years owing to factors such as increasing disposable income, rapid urbanization, changing lifestyle, rising population along with an increase in per capita income across the globe.
Commercial Vehicle:
Commercial Vehicle is a vehicle that is used for transporting cargo or passengers for hire and business purposes. Commercial Vehicles can be bifurcated into two categories namely Light Commercial Vehicles (LCV) and Heavy Commercial Vehicles (HCV). LCVs include pickup trucks, minivans, SUVs, and sedans among others while HCVs include large trucks, tractors among others.
Application Insights:
The commercial use segment dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The key factors contributing to this growth include a growing number of companies involved in R&D activities for developing self-driving vehicles and an increasing number of investments by companies, governments and institutions for developing such vehicles. For instance, in July 2017, Softbank invested USDiza billion for setting up a new company dedicated to building self-driving cars.
The home use segment is expected to register significant growth over the forecast period owing to increased adoption of advanced safety systems by consumers at an early stage. Furthermore, manufacturers are providing software updates free of cost which enables drivers¢â‚¬â„¢ association with their vehicle making it easier for them track its location at any time even when they are not present inside the car using technologies such as Wi-Fi hotspot tracking system or Global Positioning System (GPS).
Regional Analysis:
North America dominated the global self-driving car market in 2017. The region is expected to maintain its lead over the forecast period as well despite a few hiccups along the way. This can be attributed to stringent regulations that are being put in place by governments for testing and deploying autonomous vehicles on public roads, which is further expected to spur innovation and development of this technology across all companies operating within the sector.
The Asia Pacific regional market has shown significant growth over past years with countries such as China, Japan, Singapore and Australia at the forefront of technological advancements within this industry. Countries such as these have been working towards developing fully autonomous cars without any need for human intervention under certain conditions since 2016 when they first started their AV tests on public roads (Japan), followed closely by Waymo LLC (U.S.). Other countries such as Tesla Inc.
Growth Factors:
- Increasing demand for L3 self-driving vehicles from the automotive industry for improving safety and efficiency
- Growing number of partnerships between automakers and technology companies to develop autonomous driving technologies
- Proliferation of advanced driver assistance systems (ADAS) in passenger cars that are paving the way for L3 self-driving vehicles
- Rising investment in autonomous driving technology by major tech companies, automotive OEMs, and startups
- Government regulations and incentives supporting the development of autonomous driving technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
L3 Self-driving Vehicle Market Research Report
By Type
Passenger Vehicle, Commercial Vehicle
By Application
Home Use, Commercial Use
By Companies
GM, Waymo, Ford, Daimler(Mercedes-Benz), Geely(Volvo), Toyota, BMW, Geely(Volvo), Volkswagen Group(Audi), Honda, SAIC, Nissan, BAIC, Lifan
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
195
Number of Tables & Figures
137
Customization Available
Yes, the report can be customized as per your need.
Global L3 Self-driving Vehicle Market Report Segments:
The global L3 Self-driving Vehicle market is segmented on the basis of:
Types
Passenger Vehicle, Commercial Vehicle
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Home Use, Commercial Use
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GM
- Waymo
- Ford
- Daimler(Mercedes-Benz)
- Geely(Volvo)
- Toyota
- BMW
- Geely(Volvo)
- Volkswagen Group(Audi)
- Honda
- SAIC
- Nissan
- BAIC
- Lifan
Highlights of The L3 Self-driving Vehicle Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Passenger Vehicle
- Commercial Vehicle
- By Application:
- Home Use
- Commercial Use
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the L3 Self-driving Vehicle Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
L3 is a self-driving vehicle technology company that designs, manufactures and sells autonomous driving systems for commercial vehicles.
Some of the major players in the l3 self-driving vehicle market are GM, Waymo, Ford, Daimler(Mercedes-Benz), Geely(Volvo), Toyota, BMW, Geely(Volvo), Volkswagen Group(Audi), Honda, SAIC, Nissan, BAIC, Lifan.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 L3 Self-driving Vehicle Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 L3 Self-driving Vehicle Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 L3 Self-driving Vehicle Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the L3 Self-driving Vehicle Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global L3 Self-driving Vehicle Market Size & Forecast, 2018-2028
4.5.1 L3 Self-driving Vehicle Market Size and Y-o-Y Growth
4.5.2 L3 Self-driving Vehicle Market Absolute $ Opportunity
Chapter 5 Global L3 Self-driving Vehicle Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 L3 Self-driving Vehicle Market Size Forecast by Type
5.2.1 Passenger Vehicle
5.2.2 Commercial Vehicle
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global L3 Self-driving Vehicle Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 L3 Self-driving Vehicle Market Size Forecast by Applications
6.2.1 Home Use
6.2.2 Commercial Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global L3 Self-driving Vehicle Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 L3 Self-driving Vehicle Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America L3 Self-driving Vehicle Analysis and Forecast
9.1 Introduction
9.2 North America L3 Self-driving Vehicle Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America L3 Self-driving Vehicle Market Size Forecast by Type
9.6.1 Passenger Vehicle
9.6.2 Commercial Vehicle
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America L3 Self-driving Vehicle Market Size Forecast by Applications
9.10.1 Home Use
9.10.2 Commercial Use
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe L3 Self-driving Vehicle Analysis and Forecast
10.1 Introduction
10.2 Europe L3 Self-driving Vehicle Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe L3 Self-driving Vehicle Market Size Forecast by Type
10.6.1 Passenger Vehicle
10.6.2 Commercial Vehicle
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe L3 Self-driving Vehicle Market Size Forecast by Applications
10.10.1 Home Use
10.10.2 Commercial Use
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific L3 Self-driving Vehicle Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific L3 Self-driving Vehicle Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific L3 Self-driving Vehicle Market Size Forecast by Type
11.6.1 Passenger Vehicle
11.6.2 Commercial Vehicle
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific L3 Self-driving Vehicle Market Size Forecast by Applications
11.10.1 Home Use
11.10.2 Commercial Use
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America L3 Self-driving Vehicle Analysis and Forecast
12.1 Introduction
12.2 Latin America L3 Self-driving Vehicle Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America L3 Self-driving Vehicle Market Size Forecast by Type
12.6.1 Passenger Vehicle
12.6.2 Commercial Vehicle
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America L3 Self-driving Vehicle Market Size Forecast by Applications
12.10.1 Home Use
12.10.2 Commercial Use
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) L3 Self-driving Vehicle Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) L3 Self-driving Vehicle Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) L3 Self-driving Vehicle Market Size Forecast by Type
13.6.1 Passenger Vehicle
13.6.2 Commercial Vehicle
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) L3 Self-driving Vehicle Market Size Forecast by Applications
13.10.1 Home Use
13.10.2 Commercial Use
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 L3 Self-driving Vehicle Market: Competitive Dashboard
14.2 Global L3 Self-driving Vehicle Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GM
14.3.2 Waymo
14.3.3 Ford
14.3.4 Daimler(Mercedes-Benz)
14.3.5 Geely(Volvo)
14.3.6 Toyota
14.3.7 BMW
14.3.8 Geely(Volvo)
14.3.9 Volkswagen Group(Audi)
14.3.10 Honda
14.3.11 SAIC
14.3.12 Nissan
14.3.13 BAIC
14.3.14 Lifan
