According to an autonomous vehicle market forecast by Next Move Strategy Consulting, the global autonomous vehicle market reached nearly the size of 106 billion U.S. dollars in 2021. It is projected that in 2030, the market will reach the size of over 2.3 trillion U.S. dollars.

The global autonomous car market was valued at over 41 billion U.S. dollars in 2024. The market is expected to grow in the following years, reaching a size of nearly 115 billion U.S. dollars in 2029. Technological 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. Concerns about autonomous cars Overcoming technological hurdles is not enough for autonomous vehicles to take off. Securing public support is vital as well. People need to feel comfortable about riding in an autonomous vehicle in order to use them and buy them. Although over 40 percent of customers worldwide would be willing to use fully autonomous or semi-autonomous cars, they still have some concerns. More than half of the customers are worried about the safety of autonomous cars and over 30 percent are not sure whether the technologies necessary for autonomous vehicles to operate are advanced enough.

The Report Covers the US Autonomous Vehicle Market and Its Growth. It is Segmented by Type (Fully Autonomous Vehicles and Semi-Autonomous Vehicles), Sensor (Lidar, Radar, Ultrasonic, and Other Sensors), and Level of Automation (Conditional Automation (Level 3), High Automation (Level 4), and Full Automation (Level 5)). The Report Offers Market Sizing and Forecasts in Value (USD) for all the Above Segments.

The Autonomous/Driverless Car Market Covers Segmentation Based On Type and Geography. By Type, The Market is Segmented Into Semi-Autonomous Vehicles and Fully Autonomous Vehicles. By Geography, The Market is Segmented Into North America, Europe, Asia-Pacific, and the Rest of the World. For Each Segment, Market Sizing and Forecast Have Been Done Based On Value (USD).

The autonomous vehicle market size is projected to grow from USD 916.9 billion in 2024 to USD 19,336.8 billion by 2035, representing a CAGR of 31.95%, during the forecast period till 2035.

The global autonomous vehicles market size is projected to reach US$ 30,539.0 million in 2023. To positively impact the market growth during the forecast period, developing a supportive regulatory framework, government funding, and investment in digital infrastructure is expected to play a key role.

Furthermore, the overall demand for autonomous vehicles is estimated to grow at a CAGR of 8.7% between 2023 and 2033, ultimately reaching around 70,331.5 million by 2033.

Region-wise Insights

Report Scope

Level 4 light autonomous vehicles are expected to reach a penetration rate of one percent in 2025 and slowly increase their share of the market in the following years. In 2030, level 4 light autonomous vehicles should make up five percent of the global market.

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The global autonomous vehicle market size reached USD 109.0 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 1,730.4 Billion by 2033, exhibiting a growth rate (CAGR) of 31.85% during 2025-2033. The market is experiencing steady growth driven by the growing implementation of favorable regulations, rising purchases of personal vehicles to travel comfortably without the hassle of public transportation, and increasing integration of artificial intelligence (AI) and machine learning (ML) algorithms.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on component, level of automation, and application.

The India autonomous vehicle market size reached USD 2.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 23.3 Billion by 2033, exhibiting a growth rate (CAGR) of 24.3% during 2025-2033.

IMARC Group provides an analysis of the key trends in each sub-segment of the India autonomous vehicle market report, along with forecasts at the country and regional level from 2025-2033. Our report has categorized the market based on component, level of automation and application.

Level 4 autonomous vehicle sales are expected to generate about 42 billion U.S. dollars in revenue by 2030. It is projected that autonomous vehicles will reach large-scale market commercialization by 2022.

Global Autonomous Luxury Vehicle market size at $17.83 Billion in 2022 and is hit $174.57 Billion by the end of 2030 with a CAGR of 32.57%.

The global self-driving cars market was valued at USD 20.25 billion in 2021 and is expected to grow at a CAGR of 13.9% during the forecast period.

This statistic represents the market for autonomous vehicles in 2028, broken down by vehicle type. Sales of commercial vehicles equipped with self-driving technology are expected to amount to just under two million units by 2028.

The size and share of the market is categorized based on Type (Truck, Car, Airplane, Others) and Application (Manufacturing, Logistics and Warehousing, Automobile, Aerospace, Others) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Autonomous Vehicles Market Size, Share, Forecast, & Trends Analysis by Type (Passenger Vehicles (Hatchback, Sedan, SUV, Others), Commercial Vehicles (Trucks, Buses)), Fuel Type (ICE, Electric), Level of Autonomy (L1, L2, L3, L4), Geography - Global Forecast to 2032

The Global Autonomous Vehicle Market Size Was Worth USD 50.63 Billion in 2023 and Is Expected To Reach USD 251.61 Billion by 2032, CAGR of 19.5%.

This statistic depicts the projected market penetration of autonomous vehicles in the United Kingdom from 2015 to 2030, by level of automation. It is predicted that connected cars will reach 55 percent market penetration in 2016. The production of level 3 automated vehicles (driver does not need to monitor the dynamic driving task nor the driving environment at all times) is forecast to reach a peak of 88 percent before trending downwards due to growth in the levels 4 (driver is not required during defines use cases) and 5 (system performs the lateral and longitudinal dynamic driving task in all situations encountered during the entire journey) market segments.The market share of connected cars is estimated to reach a 100 percent penetration rate by 2026. Compared to this estimation, the projection for the penetration rate of L3 and L4/5 autonomous vehicles is not as fast. It is expected that the penetration rate for L3 autonomous vehicles will reach its peak in 2028 and decline from there on, reaching 75 percent in 2030. The penetration rate of L4/5 is expected to reach 25 percent by 2030.

Generative AI in Autonomous Vehicles Market 2025: Projected to hit USD 6.25B by 2029 at 18.6% CAGR. Access in-depth analysis on trends, market dynamics, and competitive landscape for data-driven decisions.

The India Autonomous Vehicle (AV) market is valued at USD 2 billion, according to a five-year historical analysis. This market is largely driven by significant advancements in sensor technology, artificial intelligence (AI), and the rising demand for efficient mobility solutions.