Autonomous vehicle technology - Statistics & Facts

Autonomous vehicle technology or "self-driving car" refer to vehicles that use sensory data of the surrounding environment to navigate without the use of human drivers. The technology is still in development, but is an emerging global market. By 2025, the car market for partially autonomous vehicles is expected to be at 36 billion U.S. dollars while the market for fully autonomous vehicles lags behind at 6 billion U.S. dollars. Waymo, a subsidiary of Google's parent company Alphabet Inc, is one of the biggest investors in autonomous vehicle technology R&D. The company has filed 338 patents for the technology between 2010 and July 2017.

Examples of autonomous vehicle technology components include driver assistance systems, automotive radars, ADAS ultrasonic wave components, LiDAR system sensors, among many others. The global market for automotive radars stood at 1.2 billion U.S. dollars in 2015 and is projected to grow significantly by 2021.

Moreover, consumer interest for autonomous vehicles is growing around the globe. In 2016, a poll by the MIT in the U.S. found that 19 percent of respondents aged between 35 and 44 were willing to use partially autonomous vehicles, while 15.4 percent of respondents aged 75 or older said the same. Despite potential advantages, customer concerns still loom over the technology as users are unsure if they are ready to share the road with these driverless vehicles.

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Expected size of autonomous driving market in the U.S. by 2016

3.4 bn EUR

Percentage of respondents in the U.S. who are likely to buy a partially autonomous vehicle

30%
Current state of the market
Expected size of autonomous driving market in the U.S. by 2016 3.4 bn EUR Top company for filing autonomous driving patents Bosch (Germany) Bosch's research and development costs in FY 2017 7.3bn EUR Number of autonomous driving patents filed by Google between 2010 and 2016 338 Alphabet's research and development costs in FY 2017 16.6bn USD
Consumer opinion
Percentage of respondents in the U.S. who are likely to buy a partially autonomous vehicle 30% Top reason for U.S. car drivers to likely purchase a fully autonomous car Safer than conventional cars Percentage of U.S. Gen X respondents who are interested in owning a fullly-autonomous car 10% Percentage of U.S. respondents aged 75+ who are interested in owning a partially-autonomous car 15.4
Projected global market
Projected global market size for autonomous driving and assistive safety and comfort features by 2025 26bn USD Projected autonomous driving revenue in China by 2021 7.5bn EUR Expected autonomous driving revenue in the U.S. by 2021 15.4bn EUR 2025 partially autonomous vehicle market size projection 36bn USD Automotive electronics cost as a percentage of total car cost in 2030 50% Leading autonomous vehicle component segment by 2050 LiDAR

Autonomous vehicle technology - Important statistics

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The whole topic in one document

Autonomous vehicle technology
  • Edited and prepared
  • Download in PPT/PDF format
  • Instant access
  • From $365
View dossier
Current state of the market
Expected size of autonomous driving market in the U.S. by 2016 3.4 bn EUR Top company for filing autonomous driving patents Bosch (Germany) Bosch's research and development costs in FY 2017 7.3bn EUR Number of autonomous driving patents filed by Google between 2010 and 2016 338 Alphabet's research and development costs in FY 2017 16.6bn USD
Consumer opinion
Percentage of respondents in the U.S. who are likely to buy a partially autonomous vehicle 30% Top reason for U.S. car drivers to likely purchase a fully autonomous car Safer than conventional cars Percentage of U.S. Gen X respondents who are interested in owning a fullly-autonomous car 10% Percentage of U.S. respondents aged 75+ who are interested in owning a partially-autonomous car 15.4
Projected global market
Projected global market size for autonomous driving and assistive safety and comfort features by 2025 26bn USD Projected autonomous driving revenue in China by 2021 7.5bn EUR Expected autonomous driving revenue in the U.S. by 2021 15.4bn EUR 2025 partially autonomous vehicle market size projection 36bn USD Automotive electronics cost as a percentage of total car cost in 2030 50% Leading autonomous vehicle component segment by 2050 LiDAR

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Infographics on the topic

Autonomous Vehicle Technology Infographic - Autonomous Vehicles Are Quickly Improving
Registered autonomous vehicles to be tested in CaliforniaAmericans Expect Driverless Cars to Be Common in 10 Years Global Opinion Divided On Self-Driving Cars

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