Dublin, Oct. 11, 2022 (GLOBE NEWSWIRE) -- The "China Autonomous Vehicles Market, Size, Forecast 2022-2027, Industry Trends, Share, Growth, Outlooks, Impact of COVID-19, Company Analysis" report has been added to ResearchAndMarkets.com's offering.
China Autonomous Vehicles Market is projected to reach US$ 98.89 Billion by 2030. Self-driving cars could lead China's automotive industry into the passing lane. From automated cargo trucks to driverless taxis (AVs), autonomous vehicles will change the nature of on-road driving and, in the process, revolutionize the mobility and automotive industries.
China Driverless Cars Market Size was US$ 1.53 Billion in 2021
Notwithstanding, China is the world's second-largest market for autonomous driving technology. Therefore, it offers massive opportunities for domestic manufacturers and global firms alike. Autonomous driving in China will gain further momentum as driverless shuttles have become publicly available, and China is potentially taking the lead in the global autonomous vehicle market.
Furthermore, one of the significant drivers behind China's accelerating transformation towards self-driving technology is its favorable policy. Beijing follows an active approach to boost autonomous driving in China: Permitting extensive AV testing on highways and the goal to integrate partial self-driving technology in 50% of all new-auto sales by 2025 undermine China's ambitions to adopt large-scale, self-driving technology. Further, the Chinese government is expected to introduce official regulations on autonomous vehicles by 2023.
China's Autonomous Vehicles Industry will grow with a CAGR of 58.9% during 2021-2030
On the basis of Level of Driving, the China Self Driving Car market is segmented into level 3, level 4, and level 5. The level 3 automation of the semi-autonomous market segment is expected to show the fastest growth. Its adoption rate is moderate; nevertheless, due to the increasing technological development, its penetration rate is relatively higher than level 1 and level 2. Besides, The China FAW Group Corporation is the leading domestic automotive OEM in autonomous vehicle technology development. It will likely pioneer L4 autonomous vehicle technology and achieve commercialization in 2020.
China Autonomous Vehicles Market
Level 3: Semi-Autonomous
- Semi-Autonomous Driving
Level 4: High Automation
- Self Driving Car
Level 5: Full Automation
- Self Driving Car
Numbers - Autonomous Vehicles
1. Semi-Autonomous Driving
- (Level 3 Cars)
2. Self-Driving Car
- Level 4: High Automatio
- Level 5: Full Automation
Technology - Market has been divided into two Technologies:
1. Hardware Components
2. Software Components
Hardware Components - Market breakup from 13 viewpoints:
1. Sensing & Local Mapping Hardware
- LIDAR
- Radar
- Cameras
2. Actuators
3. Connectivity Hardware
- Embedded Mode
- Embedded Controls Hardware
4. Control Systems and Computing Hardware
- Passive Components
- Other Electronics & Architecture
5. Safety-Related HMI Hardware
- Odometry Sensors
- Ultrasonic Sensors
6. V2X Hardware
7. Mapping Hardware
8. HMI Hardware
Software Components - Market breakup from 5 viewpoints:
1. V2X Software
2. Embedded Controls Software
3. Mapping Software
4. Data Security Software
5. HMI Software
All companies have been covered from 2 viewpoints:
- Overview
- Recent Developments
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. China Autonomous Vehicles Market
6. Numbers - Autonomous Vehicles Market
7. Market Share - China Autonomous Vehicles Market
8. Technology - China Autonomous Vehicles Market
9. Hardware Components - China Autonomous Vehicles Market
10. Software Components - China Autonomous Vehicles Market
11. Porters Five Forces
12. Company Analysis
Companies Mentioned
- AutoX
- Baidu Apollo
- Didi Chuxing
- Pony.ai
- TuSimple
- WeRide
For more information about this report visit https://www.researchandmarkets.com/r/sutwsn
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