How big is the Global Autonomous Car Software market?
According to MarkNtel Advisors study, The Global Autonomous Car Software Market size is projected to grow at a CAGR of around 27.01% during the forecast period, i.e., 2024-30.
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Global Autonomous Car Software Market Trend:
Increasing Popularity of Autonomous Ride-Hailing – Autonomous ride-hailing is growing gradually in regions such as North America, Europe, etc., due to a combination of regulatory frameworks and consumer readiness. Companies like Waymo, Cruise, Baidu, etc. are enhancing their fleet of autonomous taxis. This significantly impacts the development and demand for autonomous car software, as these services require sophisticated software solutions to operate safely and efficiently. Additionally, many countries, like the UAE, China, etc., are implementing new regulations to provide a favorable environment for autonomous ride-hailing. For instance,
In 2023, the UAE government took a significant step towards revolutionizing its transportation sector by granting the first preliminary national license for autonomous vehicles to the Chinese firm WeRide. This approval marks a pivotal move in the country’s embrace of self-driving car technology.
This regulatory support for autonomous ride-hailing would encourage market players to accelerate the development of autonomous car software designed for ride-hailing services. Additionally, the actions taken by these countries would encourage a global shift toward supportive regulations for autonomous ride-hailing. This would further amplify the demand for autonomous car software designed for ride-hailing services during the forecast period.
Leading Companies in the Global Autonomous Car Software market:
- aiMotive, Baidu Inc.
- BlackBerry Ltd.
- Cohda Wireless
- NVIDIA Corporation
- Tesla Inc.
- Robert Bosch GmbH
- Siemens AG
- Tata Elxsi
- General Motors Co.
- Aurora Innovation Inc.
- Intel Corporation
- Luminar Technologies
- Ridecell, Inc.
- TIER IV, Inc.
- others
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Global Autonomous Car Software Market Segmentation:
By Autonomy Level
- Level 1 – Market Size & Forecast 2019-2030, (USD Million)
- Level 2 – Market Size & Forecast 2019-2030, (USD Million)
- Level 3 – Market Size & Forecast 2019-2030, (USD Million)
- Level 4 – Market Size & Forecast 2019-2030, (USD Million)
- Level 5 – Market Size & Forecast 2019-2030, (USD Million)
The Level 2 segment holds a major share of the Global Autonomous Car Software Market. Globally, there has been a growing demand for cars with advanced driver assistance systems (ADAS) and semi-autonomous features among consumers.
By Software Type
- Perception & Planning Software – Market Size & Forecast 2019-2030, (USD Million)
- Operating System – Market Size & Forecast 2019-2030, (USD Million)
- Middleware Software – Market Size & Forecast 2019-2030, (USD Million)
- Chauffeur Software – Market Size & Forecast 2019-2030, (USD Million)
- Interior Sensing Software – Market Size & Forecast 2019-2030, (USD Million)
- Supervision/Monitoring Software – Market Size & Forecast 2019-2030, (USD Million)
- Others (Concierge Software, Trial or Development Software, etc.) – Market Size & Forecast 2019-2030, (USD Million)
By Software Licensing Model
- Proprietary Software- Market Size & Forecast 2019-2030, (USD Million)
- Open-Source Software- Market Size & Forecast 2019-2030, (USD Million)
By Car Type
- Sedan – Market Size & Forecast 2019-2030, (USD Million)
- SUV (Sports Utility Vehicle)- Market Size & Forecast 2019-2030, (USD Million)
- Hatchback – Market Size & Forecast 2019-2030, (USD Million)
- Coupe- Market Size & Forecast 2019-2030, (USD Million)
Regional/ Countries Insight:
- North America
- Latin America
- Europe
- Asia-Pacific
- The Middle East & Africa
Europe is dominating the Global Autonomous Car Software Market. The demand for autonomous car software was noteworthy in Europe due to regulatory support and strategic initiatives aimed at transforming mobility.
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