Autopilot Vehicle Market Report 2024 (Global Edition)

Global Autopilot Vehicle Market Report 2024 Market Size Split by Based on Component (Camera Unit , LIDAR , Radar Sensor , Ultrasonic Sensor , Infrared Sensor), by Mobility Type (Shared Mobility ,...

Autopilot Vehicle Market Report Description

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Competitive Landscape of the Autopilot Vehicle Market

The competitive landscape of the Autopilot Vehicle market is characterized by intense rivalry among key players striving to innovate and capture a significant share of the rapidly evolving autonomous driving technology sector. Established automotive manufacturers, tech giants, and start-ups are engaged in fierce competition to develop cutting-edge autonomous vehicle platforms, software solutions, and hardware components.

Autopilot Vehicle Industry News

In May 2023, Valeo and DiDi Autonomous Driving entered into a strategic collaboration and investment pact. Valeo is set to invest in DiDi Autonomous Driving and the collaborative effort between the two entities focuses on crafting intelligent safety solutions for L4 robotaxis.

(Source: https://www.valeo.com/en/valeo-and-didi-autonomous-driving-have-reached-a-strategic-cooperation-and-investment-agreement/)

In December 2022, Apple revised its self-driving objectives for the forthcoming electric vehicle, opting to delay the vehicle's targeted launch date by approximately one year to 2026.

(Source: https://www.bloomberg.com/news/articles/2024-01-23/apple-car-ev-set-to-debut-in-2028-with-limited-autonomous-driving)

Top Companies Market Share in Autopilot Vehicle Industry: (In no particular order of Rank)

• Waymo (U.S.)
• Tesla
• Inc. (U.S.)
• Cruise (General Motors) (U.S.)
• Aurora Innovation (U.S.)
• Aptiv (Ireland)
• Uber ATG (U.S.)
• Nuro (U.S.)
• Baidu Apollo (China)
• Mobileye (Intel) (Israel)
• Zoox (Amazon) (U.S.)
• Valeo (France)
• Yandex Self-Driving Group (Russia)
• Volvo Car Corporation (Germany)
• Hyundai (South Korea)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of Autopilot Vehicle

Which Region Dominates the Autopilot Vehicle Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America stands as the dominant region in the Autopilot Vehicle market due to several key factors. Firstly, the region boasts a highly developed automotive industry with a rich history of innovation and technological advancement, providing a solid foundation for the development and adoption of autonomous driving technology. Additionally, North America is home to some of the world's leading tech companies, such as Tesla, Waymo, and Uber, which are pioneering the development and commercialization of autonomous vehicle technology.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific emerges as the fastest-growing region in the Autopilot Vehicle market due to several compelling factors. Firstly, the region is experiencing rapid urbanization and population growth, leading to increased demand for efficient and convenient transportation solutions. As cities become more congested, there is a growing emphasis on the development of autonomous vehicles to address traffic congestion, reduce accidents, and enhance overall mobility. Additionally, Asia-Pacific is home to some of the world's largest automotive markets, including China, Japan, and South Korea, which are driving significant investment and innovation in autonomous vehicle technology.

The current report Scope analyzes Autopilot Vehicle Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Autopilot Vehicle Market

According to Cognitive Market Research, the global Autopilot Vehicle market size was estimated at USD 1525145.2 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 610058.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 30.2% from 2024 to 2031.In the North America region, the Autopilot Vehicle market exhibits a promising landscape driven by technological advancements, consumer preferences, and regulatory frameworks. The regional analysis reveals a strong presence of key market players, particularly in the United States and Canada, where automotive innovation and research thrive. Segmentation analysis indicates a diverse market with a wide range of vehicle types, including sedans, SUVs, trucks, and luxury cars, each catering to different consumer segments. In conclusion, the North America Autopilot Vehicle market presents immense opportunities for growth and innovation. With a conducive regulatory environment, robust infrastructure, and technological advancements, the region is poised to lead the global transition towards autonomous driving.

• According to Cognitive Market Research, the US had a major share in the Autopilot Vehicle market with a market size of USD 481335.83million in 2024 and is projected to grow at a CAGR of 30.0%during the forecast period. The demand is amplified by the nation's robust infrastructure, and technological advancements propel consistent growth. 
• The Canada Autopilot Vehicle market had a market share of USD 73206.97million in 2024 and is projected to grow at a CAGR of 31.0%during the forecast period. Canada's conducive regulatory environment to increased usage of Autopilot Vehicle.
• The Mexico Autopilot Vehicle market is projected to witness growth at a CAGR of 30.7%during the forecast period with a market size of USD 55515.29million in 2024.

Europe Autopilot Vehicle Market

According to Cognitive Market Research, the global Autopilot Vehicle market size was estimated at USD 1525145.2 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 457543.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 30.5%from 2024 to 2031.In the Europe region, the Autopilot Vehicle market demonstrates a dynamic landscape shaped by evolving consumer preferences, stringent safety regulations, and technological advancements. Regional analysis indicates a strong presence of key automotive manufacturers and technology companies, particularly in countries like Germany, France, and the United Kingdom, where research and development efforts are concentrated. Segmentation analysis reveals a diverse market with various vehicle types, including sedans, hatchbacks, SUVs, and luxury cars, each catering to different consumer segments. In conclusion, the Europe Autopilot Vehicle market presents significant opportunities for growth and innovation. With a conducive regulatory environment, robust infrastructure, and focus on sustainability, Europe is poised to lead the global transition towards autonomous and electric mobility.

• The United Kingdom Autopilot Vehicle market had a market share of USD 76867.32million in 2024 and is projected to grow at a CAGR of 31.3%during the forecast period. In the UK, Autopilot Vehicle sales witness an upswing due to the nation's regulatory environment, robust infrastructure, and focus on sustainability.
• The France Autopilot Vehicle market is projected to witness growth at a CAGR of 29.7%during the forecast period with a market size of USD 42094.01million in 2024.
• According to Cognitive Market Research, the Germany Autopilot Vehicle market size was valued at USD 90593.62million in 2024 and is projected to grow at a CAGR of 30.7%during the forecast period. In Germany, Autopilot Vehicle sales surge due to the nation's robust infrastructure, and focus on sustainability. 
• The Italy Autopilot Vehicle market is projected to witness growth at a CAGR of 29.9%during the forecast period with a market size of USD 39348.75million in 2024.
• The Russia Autopilot Vehicle market is projected to witness growth at a CAGR of 29.5%during the forecast period with a market size of USD 70919.25million in 2024.
• The Spain Autopilot Vehicle market is projected to witness growth at a CAGR of 29.6%during the forecast period with a market size of USD 37518.57million in 2024.
• The Luxembourg Autopilot Vehicle market is projected to witness growth at a CAGR of 30.6%during the forecast period with a market size of USD 14183.85million in 2024.
• The Portugal Autopilot Vehicle market is projected to witness growth at a CAGR of 30.3%during the forecast period with a market size of USD 9608.41million in 2024.
• The Greece Autopilot Vehicle market is projected to witness growth at a CAGR of 30.8%during the forecast period with a market size of USD 5490.52million in 2024.
• Rest of Europe Autopilot Vehicle market is projected to witness growth at a CAGR of 29.2%during the forecast period with a market size of USD 70919.25million in 2024.

Asia Pacific Autopilot Vehicle Market

According to Cognitive Market Research, the global Autopilot Vehicle market size was estimated at USD 1525145.2 Million out of which Asia Pacific held the market ofaround 23% of the global revenue with a market size of USD 350783.40 million in 2024 and will grow at a compound annual growth rate (CAGR) of 34.0%from 2024 to 2031.In the Asia Pacific region, the Autopilot Vehicle market is characterized by rapid urbanization, increasing disposable incomes, and government initiatives promoting electric and autonomous vehicles. Regional analysis highlights countries like China, Japan, and South Korea as key players driving market growth, supported by robust automotive manufacturing ecosystems and strong technological innovation. Segmentation analysis reveals a diverse market landscape, with various vehicle types, including sedans, SUVs, and electric vehicles, catering to different consumer preferences and mobility needs. In conclusion, the Asia Pacific Autopilot Vehicle market presents immense growth potential, driven by favourable demographics, technological advancements, and supportive government policies.

• According to Cognitive Market Research, the China Autopilot Vehicle market size was valued at USD 157852.53million in 2024 and is projected to grow at a CAGR of 33.5%during the forecast period. Autopilot Vehicle sales surge in China due to the nation's rapid urbanization, increasing disposable incomes, and government initiatives promoting electric and autonomous vehicles.
• The Japan Autopilot Vehicle market is projected to witness growth at a CAGR of 32.5%during the forecast period with a market size of USD 48408.11million in 2024.
• The India Autopilot Vehicle market had a market share of USD 42094.01million in 2024 and is projected to grow at a CAGR of 35.8%during the forecast period. The demand is augmented by India's government initiatives promoting electric and autonomous vehicles.
• The South Korea Autopilot Vehicle market is projected to witness growth at a CAGR of 33.1%during the forecast period with a market size of USD 35078.34million in 2024.
• The Australia Autopilot Vehicle market is projected to witness growth at a CAGR of 33.7%during the forecast period with a market size of USD 18240.74million in 2024.
• The South East Asia Autopilot Vehicle market is projected to witness growth at a CAGR of 35.0%during the forecast period with a market size of USD 24204.05million in 2024.
• The Rest of Asia Pacific Autopilot Vehicle market is projected to witness growth at a CAGR of 33.8%during the forecast period with a market size of USD 24905.62million in 2024.

South America Autopilot Vehicle Market

According to Cognitive Market Research, the global Autopilot Vehicle market size was estimated at USD 1525145.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 76257.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 31.4% from 2024 to 2031.In the Latin America region, the Autopilot Vehicle market exhibits a mixed landscape characterized by varying levels of economic development, infrastructure, and regulatory frameworks across countries. Regional analysis highlights major markets such as Brazil, Mexico, and Argentina, where automotive manufacturing and sales play significant roles in driving market dynamics. Segmentation analysis reveals a diverse market with different vehicle types and levels of autonomy catering to various consumer preferences and market segments. In conclusion, the Latin America Autopilot Vehicle market presents both opportunities and challenges. While economic growth and increasing consumer demand for advanced automotive technologies drive market expansion, factors like infrastructure limitations and regulatory uncertainties pose significant barriers.

• According to Cognitive Market Research, the Brazil Autopilot Vehicle market size was valued at USD 32638.11million in 2024 and is projected to grow at a CAGR of 32.0%during the forecast period. Autopilot Vehicle sales flourish in Brazil due to the nation's infrastructure limitations and regulatory uncertainties pose significant barriers.
• The Argentina Autopilot Vehicle market had a market share of USD 12811.22million in 2024 and is projected to grow at a CAGR of 32.3%during the forecast period. The demand is augmented by Argentina's increasing consumer demand for advanced automotive technologies.
• The Colombia Autopilot Vehicle market is projected to witness growth at a CAGR of 31.2%during the forecast period with a market size of USD 6786.90million in 2024.
• The Peru Autopilot Vehicle market is projected to witness growth at a CAGR of 31.6% during the forecast period with a market size of USD 6253.10million in 2024.
• The Chile Autopilot Vehicle market is projected to witness growth at a CAGR of 31.7%during the forecast period with a market size of USD 5490.52million in 2024.
• The Rest of Latin America Autopilot Vehicle market is projected to witness growth at a CAGR of 30.5%during the forecast period with a market size of USD 12277.42million in 2024.
   

Middle East and Africa Autopilot Vehicle Market

According to Cognitive Market Research, the global Autopilot Vehicle market size was estimated at USD 1525145.2 Million out of which Middle East and Africa held the major market ofaround 2% of the global revenue with a market size of USD 30502.90million in 2024 and will grow at a compound annual growth rate (CAGR) of 31.7%from 2024 to 2031.In the Middle East and Africa region, the Autopilot Vehicle market presents a unique landscape shaped by varying levels of economic development, infrastructure, and consumer preferences across countries. Regional analysis indicates a growing interest in advanced automotive technologies, particularly in wealthier Gulf countries such as the United Arab Emirates and Saudi Arabia, where government initiatives and investments in smart transportation solutions drive market growth. Segmentation analysis reveals a diverse market with different vehicle types and levels of autonomy, catering to various consumer needs and preferences. In conclusion, the Middle East and Africa Autopilot Vehicle market present both opportunities and challenges. While economic growth and government initiatives drive market expansion in some countries, others face obstacles related to infrastructure gaps and regulatory uncertainties.

• According to Cognitive Market Research, the GCC Countries Autopilot Vehicle market size was valued at USD 13055.24million in 2024 and is projected to grow at a CAGR of 32.5%during the forecast period. Autopilot Vehicle sales flourish in the GCC Countries due to the region's growing interest in advanced automotive technologies.
• The Egypt Autopilot Vehicle market is projected to witness growth at a CAGR of 32.0%during the forecast period with a market size of USD 3202.80million in 2024.
• The South Africa Autopilot Vehicle market is projected to witness growth at a CAGR of 32.7%during the forecast period with a market size of USD 4819.46million in 2024.Autopilot Vehicle sales flourish in the South Africa due to the region's infrastructure gaps and regulatory uncertainties.
• The Turkey Autopilot Vehicle market is projected to witness growth at a CAGR of 31.2%during the forecast period with a market size of USD 2623.25million in 2024.
• The Nigeria Autopilot Vehicle market is projected to witness growth at a CAGR of 30.8%during the forecast period with a market size of USD 3202.80million in 2024.
• The Rest of MEA Autopilot Vehicle market is projected to witness growth at a CAGR of 30.7%during the forecast period with a market size of USD 3599.34million in 2024.
   

Autopilot Vehicle Market Analysis

Autopilot Vehicle Based on Component Segment Analysis

According to Cognitive Market Research, the dominating category based on component is the Camera Unit. Camera units serve as the eyes of the autopilot system, capturing visual data of the vehicle's surroundings and detecting objects, lane markings, and traffic signs. They are essential for various functionalities, including lane-keeping assistance, pedestrian detection, and traffic sign recognition. The dominating nature of camera units is primarily attributed to their versatility, cost-effectiveness, and continuous advancements in image processing algorithms, enabling more accurate and reliable perception capabilities for autonomous vehicles.

The fastest-growing category based on component is the LIDAR (Light Detection and Ranging) sensor. LIDAR sensors use laser pulses to create high-resolution 3D maps of the vehicle's surroundings, offering precise depth perception and object detection capabilities even in challenging lighting and weather conditions. The rapid growth of LIDAR sensors in the autopilot vehicle market is driven by advancements in sensor technology, resulting in smaller, more affordable, and more reliable sensors. Additionally, increasing demand for enhanced safety and navigation features in autonomous vehicles is driving the adoption of LIDAR sensors to complement camera and radar systems, further accelerating their growth in the market.

• Camera Unit 
• LIDAR 
• Radar Sensor 
• Ultrasonic Sensor 
• Infrared Sensor

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Autopilot Vehicle Industry. Request a Free Sample PDF!

Autopilot Vehicle Mobility Type Segment Analysis

According to Cognitive Market Research, the dominating category based on mobility type is Shared Mobility. Shared mobility services, such as ride-hailing and car-sharing platforms, have witnessed significant growth due to their convenience, cost-effectiveness, and environmental benefits. With autopilot technology, shared mobility services can offer autonomous rides to multiple passengers simultaneously, optimizing vehicle utilization and reducing overall transportation costs. Additionally, shared mobility providers often have large fleets of vehicles, enabling them to invest in and deploy autonomous vehicles at scale, thereby dominating the market segment.

The fastest-growing category based on mobility type is Personal Mobility. As autopilot technology becomes more advanced and accessible, there is a growing demand among consumers for autonomous vehicles for personal use. Personal mobility solutions offer individuals greater flexibility, privacy, and control over their transportation needs. With features like autopilot, consumers can enjoy hands-free driving and enhanced safety features during their daily commute or leisure travel. Moreover, advancements in electric vehicle technology and the integration of autopilot systems make personal autonomous vehicles an attractive option for environmentally conscious consumers seeking sustainable transportation solutions. As a result, the personal mobility segment is experiencing rapid growth in the autopilot vehicle market.

• Shared Mobility 
• Personal Mobility

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Autopilot Vehicle Electric Vehicle Segment Analysis

According to Cognitive Market Research, the dominating category based on electric vehicle type is Battery Electric Vehicles (BEV). BEVs are currently the dominant category due to their widespread adoption and established infrastructure for charging. As governments worldwide implement stricter emissions regulations and consumers become more environmentally conscious, there has been a significant shift towards electric vehicles. BEVs offer zero-emission driving and lower operating costs compared to traditional internal combustion engine vehicles, making them a preferred choice for both consumers and fleet operators.

The fastest-growing category based on electric vehicle type is Plug-in Hybrid Electric Vehicles (PHEV). PHEVs combine an internal combustion engine with an electric motor and battery, offering drivers the flexibility of both electric and gasoline-powered propulsion. PHEVs provide an attractive option for consumers who are hesitant to fully transition to electric vehicles due to concerns about range anxiety or limited charging infrastructure. Moreover, PHEVs offer environmental benefits by reducing fuel consumption and emissions compared to conventional vehicles. As automakers continue to invest in PHEV technology and expand their product offerings, this category is experiencing rapid growth in the autopilot vehicle market.

• Battery Electric Vehicles (BEV) 
• Hybrid Electric Vehicles (HEV) 
• Plug-in Hybrid Electric Vehicle (PHEV) 
• Fuel Cell Electric Vehicle (FCEV)

Autopilot Vehicle Based on System Segment Analysis

According to Cognitive Market Research, the dominating category based on the system is Adaptive Cruise Control (ACC). ACC is a key driver-assist feature that automatically adjusts the vehicle's speed to maintain a safe following distance from the vehicle ahead. ACC has become the dominating category due to its widespread adoption by automotive manufacturers and its effectiveness in enhancing driving comfort and safety. The growing demand for advanced driver assistance systems (ADAS) and the increasing integration of ACC into mainstream vehicle models have propelled its dominance in the autopilot vehicle market.

The fastest-growing category based on the system is Automatic Emergency Braking (AEB). AEB is an essential safety feature that helps prevent or mitigate collisions by automatically applying the brakes when a potential collision with another vehicle, pedestrian, or obstacle is detected. The fastest growth of AEB is driven by increasing safety regulations, rising consumer awareness of vehicle safety features, and automakers' efforts to include AEB as a standard feature in their vehicles. Moreover, advancements in sensor technology and artificial intelligence have improved the accuracy and reliability of AEB systems, further fueling their adoption and making them the fastest-growing category in the autopilot vehicle market.

• Adaptive Cruise Control (ACC) 
• Adaptive Front Light (AFL) 
• Automatic Emergency Braking (AEB) 
• Blind Spot Detection (BSD) 
• Cross Traffic Alert (CTA) 
• Driver Monitoring System (DMS) 
• Forward Collision Warning (FCW) 
• Intelligent Park Assist (IPA) 
• Lane Departure Warning (LDW) 
• Night Vision System (NVS) 
• Pedestrian Detection System (PDS) 
• Road Sign Recognition (RSR) 
• Tire Pressure Monitoring System (TPMS) 
• Traffic Jam Assist (TJA)

Autopilot Vehicle Level of Autonomy Segment Analysis

According to Cognitive Market Research, the dominating category based on the level of autonomy is Level 2 (L2) autonomy. Level 2 autonomy represents a significant advancement in vehicle automation, where certain driving tasks such as steering, acceleration, and braking are automated simultaneously. L2 systems typically include features like adaptive cruise control, lane-keeping assistance, and automated parking assistance. L2 autonomy is dominating due to its widespread availability in modern vehicles and its capability to offer enhanced driver assistance while still requiring human supervision. Additionally, L2 systems strike a balance between automation and driver involvement, making them popular among consumers and manufacturers alike.

The fastest-growing category based on the level of autonomy is Level 4 (L4) autonomy. Level 4 autonomy represents a substantial leap in vehicle automation, where the vehicle can operate without human intervention in certain conditions or environments. L4 systems offer significantly higher levels of automation compared to L2, allowing for fully autonomous driving in specific scenarios such as highway driving or urban environments. The fastest growth of L4 autonomy is driven by advancements in sensor technology, artificial intelligence, and regulatory support for autonomous vehicles. Additionally, the growing interest from tech companies and automotive manufacturers in developing fully autonomous vehicles has accelerated the adoption and development of L4 autonomous systems, making them the fastest-growing category in the autopilot vehicle market.

• L 1 
• L 2 
• L 3 
• L 4 
• L 5

Autopilot Vehicle Based on Vehicle Type Segment Analysis

According to Cognitive Market Research, the dominating category based on vehicle type is SUVs. SUVs have emerged as the dominating category due to their versatility, spaciousness, and increasing popularity among consumers worldwide. SUVs offer a combination of ample passenger seating, cargo space, and off-road capabilities, making them suitable for a wide range of applications, including family transportation, outdoor adventures, and urban commuting. Their elevated driving position and robust build also contribute to their appeal, attracting a diverse customer base and driving significant sales volume in the autopilot vehicle market.

The fastest-growing category based on vehicle type is hatchbacks. Hatchbacks are experiencing rapid growth due to their compact size, fuel efficiency, and affordability. They appeal to urban dwellers and young consumers seeking practical and economical vehicles for daily commuting and city driving. Additionally, hatchbacks offer versatility with their rear cargo space, making them suitable for carrying groceries, luggage, or sports equipment. The increasing trend towards smaller, more efficient vehicles, coupled with advancements in hatchback design and technology, has fuelled their rapid growth in the autopilot vehicle market.

• Hatchback 
• Coupe & Sports Car 
• Sedan 
• suv 
• Others

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile & Transportation vertical.

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