AV Market to Hit $2.77B by 2030

Source: Data Bridge Market Research announcement

BERLIN – Data Bridge Market Research estimates the semi-autonomous and autonomous vehicle (AV) market was valued at $2.056 billion in 2022 and is expected to reach $2.77 billion by 2030, registering a compound-annual-growth rate (CAGR) of 3.8 percent.

These figures are presented in the organization’s recently published Semi-Autonomous and Autonomous Vehicle Market report.

Key growth strategies, drivers, opportunities, key segments, Porter’s Five Forces analysis, and competitive environment are all dissected in detail in the research.

For the growth of the business, the Semi-Autonomous and Autonomous Vehicle Market research report has a lot to offer and hence it plays a very important role in growth. It describes a thorough study of the current situation of the global market along with several market dynamics.

Being a premium market research report, Semi-Autonomous and Autonomous Vehicle report works as an innovative solution for businesses in today’s revolutionizing marketplace. This market report gives the best outcome because it is structured with a nice blend of advanced industry insights, practical solutions, talent solutions, and the latest technology. This market report takes into account plentiful aspects of the market analysis which many businesses demand.

In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, The report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.   

Semi-autonomous and AVs are those vehicles that can decelerate and accelerate and can stop without any human interference. Semi-autonomous and autonomous vehicles may be capable to park themselves and may be capable to keep in lane without any human intervention, but they are not self-driving. In most cases, in these vehicles, drivers must always keep their hands on the wheel.

The increasing need for more efficient and safer driving systems promotes the growth of semi-autonomous and autonomous vehicles. Numerous technological advancements have aided in fostering a favorable market growth environment. Wireless Local Area Networks (WLAN), GPS, 5G delivery model, and vehicle-to-vehicle technology have improved the driving experience. Also, numerous regional governments have placed stringent laws regarding driving and safety further encouraging companies to offer advanced technologies in their automobiles.

For further information on the report, click HERE.