Market Overview:
The global L4 automatic 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 passenger vehicles and commercial vehicles, and the growing application of L4 automatic vehicles in home use and commercial use. Some of the major players operating in this market are Tesla Inc., Daimler AG, Volkswagen AG, Ford Motor Company, General Motors Company, Renault-Nissan Alliance, Toyota Motor Corporation and others.
Product Definition:
An L4 AV is an autonomous vehicle that operates in level 4 autonomy, meaning it can handle all aspects of driving without any human input. These vehicles are important because they represent a step towards the future of transportation, where cars will be able to drive themselves and reduce the number of accidents on the road.
Passenger Vehicle:
Passenger vehicle is a general term for any transport equipment that seats more than five persons, including the driver. It can be categorized as light commercial vehicles and heavy commercial vehicles based on its seating capacity. The passenger vehicle market has been witnessing significant growth over the past few years owing to increasing demand from emerging economies such as India and China, which are characterized by high GDP growth rates along with rising disposable income levels among middle-class families.
Commercial Vehicle:
Commercial Vehicle is a vehicle that is used for transporting of goods and products from one place to another. Commercial vehicles include trucks, vans, buses, trailers, and other such vehicles. The size of the load affects the type of commercial vehicle that can be used.
Application Insights:
The commercial use segment dominated the global L4 automatic vehicle market, accounting for more than 60.0% share of the overall revenue in 2017. The segment is projected to witness significant growth over the forecast period owing to increasing government initiatives and regulations on reducing carbon emissions from vehicles in order to mitigate climate change. Automated vehicles are widely used for commercial purposes such as logistics and warehousing due to their high efficiency, safety features and cost-effectiveness over conventional methods of transportation such as trucks or vans.
Automated vehicles have numerous applications at home including grocery shopping, moving goods from one place to another or just around town within a city which has a radius of about 15 miles (24 km). Consumers prefer using them due to convenience along with ease of parking facilities that these self-driving cars provide along with reduced traffic congestion compared with personal cars driving manually on roads.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing increasing demand for LCVs, HCVs, and GLVs since past few years. This growth can be attributed to rising disposable income of consumers along with increased purchasing power of businesses in developing countries such as China and India. Moreover, growing adoption of electric vehicles across major economies including China, Japan, South Korea is further anticipated to boost sales volume for automatic trucks over the next eight years.
Europe accounted for a significant share owing to rapid technological developments coupled with stringent regulations aimed at improving fuel economy among commercial vehicles in European countries such as Germany and France among other Eastern European countries are expected to drive product demand over the forecast period. North America also held a considerable share due to high consumer preference towards large heavy-duty trucks that play an important role in facilitating goods movement within U.S.
Growth Factors:
- Increasing demand for fuel-efficient and low-emission vehicles
- Proliferation of shared mobility services such as car sharing and ride hailing
- Development of autonomous driving technology
- Expansion of electric vehicle market
- Growing demand for luxury cars
Scope Of The Report
Report Attributes
Report Details
Report Title
L4 Automatic 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
133
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global L4 Automatic Vehicle Market Report Segments:
The global L4 Automatic 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 L4 Automatic 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 L4 Automatic 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?
L4 Automatic Vehicle is a type of self-driving car that uses sensors and software to keep the vehicle in its lane, avoid collisions, and operate at speeds up to 120 mph.
Some of the major players in the l4 automatic 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 L4 Automatic 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 L4 Automatic Vehicle Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 L4 Automatic 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 L4 Automatic 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 L4 Automatic Vehicle Market Size & Forecast, 2018-2028
4.5.1 L4 Automatic Vehicle Market Size and Y-o-Y Growth
4.5.2 L4 Automatic Vehicle Market Absolute $ Opportunity
Chapter 5 Global L4 Automatic 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 L4 Automatic 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 L4 Automatic 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 L4 Automatic 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 L4 Automatic 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 L4 Automatic 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 L4 Automatic Vehicle Analysis and Forecast
9.1 Introduction
9.2 North America L4 Automatic 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 L4 Automatic 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 L4 Automatic 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 L4 Automatic Vehicle Analysis and Forecast
10.1 Introduction
10.2 Europe L4 Automatic 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 L4 Automatic 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 L4 Automatic 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 L4 Automatic Vehicle Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific L4 Automatic 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 L4 Automatic 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 L4 Automatic 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 L4 Automatic Vehicle Analysis and Forecast
12.1 Introduction
12.2 Latin America L4 Automatic 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 L4 Automatic 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 L4 Automatic 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) L4 Automatic Vehicle Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) L4 Automatic 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) L4 Automatic 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) L4 Automatic 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 L4 Automatic Vehicle Market: Competitive Dashboard
14.2 Global L4 Automatic 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
