Autonomous Car Market Is Expected To Exhibit A CAGR Of 47.5% During 2027

IndustryPRwire - The global Autonomous Car Market is estimated to account for US$ 0.6 Mn in terms of value in 2025 and is expected to grow at CAGR of 47.5% for the period 2025-2035 as highlighted in a report published by Coherent Market Insights.

An autonomous car or driverless car or connected vehicle is a vehicle capable of sensing its environment and operating without human intervention. In layman’s terms, an autonomous car can guide itself without human input. Autonomous cars have been deemed as the cars of the future with inclusion of advanced technology such as machine learning, sensors, actuators, complex algorithms, SONAR, LIDAR, and GPS. Moreover, these cars are equipped with high-performing processors to execute specialized software. Sophisticated software installed in the autonomous car processes all sensory input, maps the path and sends instructions to the car’s actuators that control braking, acceleration, and steering.

North America region dominated the global xyz market in 2025, accounting for 33.2% share in terms of value, followed by Europe, Asia Pacific, Middle East and South America respectively.

Market Dynamics- Drivers

Enhanced safety offered by these vehicles is expected to drive growth of the global autonomous car market during the forecast period

Technological advancements in autonomous cars have the capability to save an enormous amount of lives each year that are lost in traffic accidents and fatalities due to human error in judgment. According to the International Organization for Road Accident Prevention (OICA), that human error accounts for 90% of road accidents worldwide. Adoption of autonomous cars can minimize the number of road accidents and make streets safer by automating safety features and reducing dependency on human intervention. Thus, this factor is expected to drive the global autonomous car market growth during the forecast period.

Seamless connectivity offered by driverless cars is expected to propel the global autonomous car market growth over the forecast period

Intelligent sensing technology is deployed in autonomous cars, which allows cars to travel close together. This, in turn, allows more cars on the road with less traffic and minimized congestion. Furthermore, these cars use vehicle-to-vehicle connectivity thereby staying in sync with one another at the same time identifying traffic flow and optimum speed to maximize fuel efficiency. These features provide a smarter and seamless experience for passengers. Hence, these factors are expected to propel the global autonomous car market growth over the forecast period.

Request A Sample @ 

Key Developments

  • Key companies in the market are focused on collaborations and partnerships, in order to enhance their market presence. For instance, in July 2019, Bayerische Motoren Werke AG (BMW) partnered with Daimler to develop autonomous driving.
  • Major players in the market are involved in product launches, in order to enhance their product portfolio. For instance, in January 2020, Cruise, a subsidiary of General Motors Company, introduced new driverless vehicle.

Increasing adoption of fuel-efficient cars

Strict regulatory policies regarding emission of CO2 and fuel economy have enforced automakers to make engines more efficient. The overall efficiency will significantly be improved with the development and advancement of alternative power sources such as fuel cells, nonetheless, their affordability by mass-market still remains a concern. For instance, in Japan, for the advancement of such technology and vehicles, the government has set a price target of around US$ 18,000 for fuel cell vehicles by 2025. While such cars account for a small niche in global car sales, the target price would help them to be more competitive with popular hybrid cars.

Competitive Section

Key companies operating in the global autonomous car market are Waymo LLC, Tesla Motors, Inc., Bayerische Motoren Werke AG, Ford Motor Company, General Motors Company, The Volvo Group, Toyota Motor Corporation, Audi AG, Nissan Motor Co., Ltd., and Uber Technologies Inc.

About Coherent Market Insights 

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide. 

Contact Us: 
Mr. Shah 
Senior Client Partner – Business Development 
Coherent Market Insights 
Phone: US: +1-206-701-6702 UK: +44-020-8133-4027 Japan: +81-050-5539-1737 India: +91-848-285-0837 

Related Posts

Subscribe Our Newsletter