Market Overview:
The global L4 autonomous driving 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 cars and commercial cars that are equipped with advanced autonomous driving features. Additionally, the increasing focus on safety and security is also contributing to the growth of this market.
Product Definition:
L4 Autonomous Driving is a level of autonomous driving where the car can handle most situations without human intervention. This includes driving in all weather conditions, on all types of roads, and at any speed. L4 Autonomous Driving is important because it allows people to get around without having to worry about driving themselves.
Highly Autonomous Driving:
Highly autonomous driving is a new term in the field of transportation that describes a vehicle capable of performing driver assistance functions without requiring any human intervention. Some of the major attributes associated with highly autonomous vehicles include high level of safety, better comfort and convenience for passengers, efficient use of roadways and reduced traffic congestion.
The global L4 Autonomous Driving market was valued at USD 605 million in 2016.
Fully Automomous Driving:
Fully Automomous Driving (FAD) is the next generation of car driving technology. It's a term used to define a vehicle that can steer, accelerate, brake and monitor its own path without any intervention from the driver.
The FAD systems are based on GPS & cameras and have already been implemented in some high-end cars such as Mercedes Benz S Class W222 and BMW 7 Series.
Application Insights:
Passenger car segment is expected to emerge as the fastest-growing application segment over the forecast period owing to increasing adoption of autonomous driving systems in passenger cars. The development of ADAS and driver assistance systems has been particularly rapid in China, Germany, Russia and U.S., which has resulted in increased penetration of such systems in mid-range and luxury class passenger cars.
The commercial vehicle segment is also expected to witness significant growth during the forecast period due to rapidly expanding deployment of self-driving vehicles for logistics purposes across industries such as food & beverage, automotive parts & accessories, medical supplies etc. Technological advancements are further anticipated to enable highly autonomous trucks that can operate without a driver on highways by 2019. Such developments are likely to trigger industry expansion at a CAGR exceeding 20% from 2018to 2030.
Regional Analysis:
The Asia Pacific regional market is anticipated to witness significant growth over the forecast period owing to increasing demand for autonomous vehicles from countries, such as China and Japan. The growing adoption of L4 autonomous driving technology in these countries can be attributed to various factors including rising government regulations, technological advancements, and economic benefits. Moreover, the presence of key players in this region is expected to boost regional market growth. For instance, since 2012 when Google first entered into China with its self-driving car project until now (in 2018), there has been a notable increase in the deployment of L4 Autonomous Driving Systems across this region due to continuous research & development activities by companies operating within it.
However, North America may emerge as a more promising destination for autonomous vehicle technology providers and users alike owing their stringent regulatory framework that demands certain levels of safety from manufacturers while using an automated system in cars driven on public roads.
Growth Factors:
- Increasing demand for L4 autonomous driving vehicles from the commercial sector for goods delivery and passenger transport.
- Development of advanced sensors, processors, and software algorithms that improve the performance of L4 autonomous driving systems.
- Proliferation of data-sharing platforms and services that support the deployment of L4 autonomous driving systems in urban environments.
- Growing number of partnerships between automakers and technology companies to develop next-generation L4 autonomous driving platforms.
- Advances in artificial intelligence (AI) that enable vehicles to learn and adapt to changing traffic conditions autonomously
Scope Of The Report
Report Attributes
Report Details
Report Title
L4 Autonomous Driving Market Research Report
By Type
Highly Autonomous Driving, Fully Automomous Driving
By Application
Passenger Car, Commercial Car
By Companies
Waymo, GM Cruise, ZMP, Nu Tonomy, Argo AI, Aurora, Zoox, Aimotive, AKKA, Voyage, Momenta, Pony.ai, WeRide, Holomatic, Apollo, Uisee
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
212
Number of Tables & Figures
149
Customization Available
Yes, the report can be customized as per your need.
Global L4 Autonomous Driving Market Report Segments:
The global L4 Autonomous Driving market is segmented on the basis of:
Types
Highly Autonomous Driving, Fully Automomous Driving
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
Passenger Car, Commercial Car
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:
- Waymo
- GM Cruise
- ZMP
- Nu Tonomy
- Argo AI
- Aurora
- Zoox
- Aimotive
- AKKA
- Voyage
- Momenta
- Pony.ai
- WeRide
- Holomatic
- Apollo
- Uisee
Highlights of The L4 Autonomous Driving 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:
- Highly Autonomous Driving
- Fully Automomous Driving
- By Application:
- Passenger Car
- Commercial Car
- 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 Autonomous Driving 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
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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 autonomous driving is a type of self-driving technology that allows vehicles to operate without human input. L4 autonomy is in the early stages of development, and requires more data and experience to be effective.
Some of the key players operating in the l4 autonomous driving market are Waymo, GM Cruise, ZMP, Nu Tonomy, Argo AI, Aurora, Zoox, Aimotive, AKKA, Voyage, Momenta, Pony.ai, WeRide, Holomatic, Apollo, Uisee.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 L4 Autonomous Driving 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 Autonomous Driving Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 L4 Autonomous Driving 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 Autonomous Driving 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 Autonomous Driving Market Size & Forecast, 2020-2028
4.5.1 L4 Autonomous Driving Market Size and Y-o-Y Growth
4.5.2 L4 Autonomous Driving Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Highly Autonomous Driving
5.2.2 Fully Automomous Driving
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Passenger Car
6.2.2 Commercial Car
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global L4 Autonomous Driving 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 Autonomous Driving 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Highly Autonomous Driving
9.6.2 Fully Automomous Driving
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 Market Size Forecast by Applications
9.10.1 Passenger Car
9.10.2 Commercial Car
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Highly Autonomous Driving
10.6.2 Fully Automomous Driving
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 Market Size Forecast by Applications
10.10.1 Passenger Car
10.10.2 Commercial Car
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Highly Autonomous Driving
11.6.2 Fully Automomous Driving
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 Market Size Forecast by Applications
11.10.1 Passenger Car
11.10.2 Commercial Car
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Highly Autonomous Driving
12.6.2 Fully Automomous Driving
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 Market Size Forecast by Applications
12.10.1 Passenger Car
12.10.2 Commercial Car
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Highly Autonomous Driving
13.6.2 Fully Automomous Driving
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) Market Size Forecast by Applications
13.10.1 Passenger Car
13.10.2 Commercial Car
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 Autonomous Driving Market: Competitive Dashboard
14.2 Global L4 Autonomous Driving Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Waymo
14.3.2 GM Cruise
14.3.3 ZMP
14.3.4 Nu Tonomy
14.3.5 Argo AI
14.3.6 Aurora
14.3.7 Zoox
14.3.8 Aimotive
14.3.9 AKKA
14.3.10 Voyage
14.3.11 Momenta
14.3.12 Pony.ai
14.3.13 WeRide
14.3.14 Holomatic
14.3.15 Apollo
14.3.16 Uisee
