Size of the global autonomous car market 2018-2030

It is expected that Level 4 and 5 autonomous cars will become a large market worldwide by 2030 at 60 billion U.S. dollar. By 2035, North America is expected to own 29 percent of the world’s self-driving fleet, with China and Western Europe holding 24 percent and 20 percent of the autonomous car parc respectively.

Self-driving challenges

Fully autonomous vehicle technology is extremely complex. In the United Kingdom, it is expected that 73 percent of all cars will have some level of autonomy (Levels 1-3) before fully autonomous vehicles are even starting to enter the market in 2025. One reason behind this is the lack of consistent 5G or high-speed internet to allow the self-driving cars to communicate with each other and to gather information about driving conditions and traffic jams or potential obstacles blocking the road. Another reason is that some vehicles require extremely detailed maps to navigate safely. These challenges notwithstanding, carmakers and tech businesses are investing heavily into the autonomous vehicle market and, considering that 85 percent of U.S. adults would feel safe sitting behind the wheel of a driverless vehicle, there is good reason to do so.

Projected size of the global autonomous car market in 2018 and 2030

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Sources

Release date

2019

Region

Worldwide

Survey time period

2018

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Statistics on "Autonomous vehicles worldwide"

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