Global Semi- Autonomous Vehicle Market
The Global Semi- Autonomous Vehicle Market was valued at US$19.2 million in 2021 and it is expected to reach at US$198.5 million in 2027 at a CAGR of 33.55% during forecast period 2022-2027.
A semi-autonomous vehicle can stop, accelerate, and decelerate without human assistance. Although they may be able to park themselves without assistance and maintain lane discipline, semiautonomous cars are not self-driving. Drivers in this vehicle are typically required to keep their hands on the steering wheel at all times.
Market Drivers
Consumers' demand for semi-autonomous car technologies has increased as their security and safety concerns have grown. The semi-autonomous vehicles have a variety of features, including increased engine productivity, reduced vehicle accidents, and enhanced fuel efficiency. These potential advantages are thought to boost interest in semi-autonomous vehicles and fuel the market's expansion.
Market Restraints
The main factors that are anticipated to impede the growth of the semi-autonomous market are the consumers' lack of information technology and technical understanding of the advanced features. Due to advanced technology and the lack of communication infrastructure in poorer nations, the market may be constrained by the high cost of semi-autonomous vehicles.
Impact of COVID-19 on Semi- Autonomous Vehicle Market
The covid-19 pandemic has caused a slowdown in the world economy. The market for semi-autonomous vehicles is expected to increase once more as trade borders are opened and restrictions are relaxed, despite the fact that new versions of this vehicle pose a significant risk to human health. This epidemic has primarily affected the car industry. Market participants and producers use contingency planning to address concerns with operations, the supply chain, and inventory control. Businesses both domestically and abroad are utilising government stimulus programmes to boost EV sales. These trends indicate that the infrastructure for semi-autonomous vehicles will expand.
Market Segmentation
The semi- autonomous vehicle market is segmented into component, ADAS features, automation level, propulsion and application. On the basis of component it segmented into camera, LiDAR, radar, ultrasonic sensor, others. On the basis of ADAS features it segmented into lane assist, crash warning system, adaptive cruise control, smart park assist, cross traffic alert, automatic emergency braking, others. On the basis of automation level it segmented into level 1, level 2, and level 3. On the basis of propulsion it segmented into ICE, electric. On the basis of application it segmented into transportation, logistics military and defence.
Regional Analysis
The global semi- autonomous vehicle market segmented into five regions North America, Europe, Latin America, Asia Pacific, Middle East and Africa. In terms of market revenue, North America now dominates the semi-autonomous vehicle industry and will maintain its leadership during the projection period. This is a result of the region's strict regulatory rules as well as the growing need for safer and more fuel-efficient vehicles. Due to the increasing number of international technology innovators who are investing in, commercialising, and testing semi-autonomous technologies, the Asia-Pacific area is expected to have the fastest economic growth.
Key Players
Various key players are listed in this report such as Mercedes-Benz Group AG (Germany), Continental AG (Germany), Valeo (France), Z.F. Friedrichshafen AG (Germany), Tesla (U.S.), Magna International Inc., (Canada), Waymo LLC (U.S.), BMW (Germany), Texas Instruments Incorporated. (U.S.), General Motors (U.S.).
Market Taxonomy
By Component
By ADAS Features
By Automation Level
By Propulsion
By Application
Key Question Addressed by the Report
Global Semi- Autonomous Vehicle Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Semi- Autonomous Vehicle Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Semi- Autonomous Vehicle Market, By Component
5.1 Y-o-Y Growth Comparison, By Component
5.2 Global Semi- Autonomous Vehicle Market Share Analysis, By Component
5.3 Global Semi- Autonomous Vehicle Market Size and Forecast, By Component
5.3.1 Camera
5.3.2 LiDAR
5.3.3 Ultrasonic Sensor
5.3.4 Radar
5.3.5 Others
6 Global Semi- Autonomous Vehicle Market, By ADAS Features
6.1 Y-o-Y Growth Comparison, By ADAS Features
6.2 Global Semi- Autonomous Vehicle Market Share Analysis, By ADAS Features
6.3 Global Semi- Autonomous Vehicle Market Size and Forecast, By ADAS Features
6.3.1 Lane Assist
6.3.2 Crash Warning System
6.3.3 Adaptive Cruise Control
6.3.4 Smart Park Assist
6.3.5 Cross Traffic Alert
6.3.6 Automatic Emergency Braking
6.3.7 Others
7 Global Semi- Autonomous Vehicle Market, By Automation Level
7.1 Y-o-Y Growth Comparison, By Automation Level
7.2 Global Semi- Autonomous Vehicle Market Share Analyses, By Automation Level
7.3.1 Level 1
7.3.2 Level 2
7.3.3 Level 3
8 Global Semi- Autonomous Vehicle Market, By Propulsion
8.1 Y-o-Y Growth Comparison, By Propulsion
8.2 Global Semi- Autonomous Vehicle Market Share Analysis, By Propulsion
8.3 Global Semi- Autonomous Vehicle Valve Market Size and Forecast, By Propulsion
8.3.1 ICE
8.3.2 Electric
9 Global Semi- Autonomous Vehicle Market, By Application
9.1 Y-o-Y Growth Comparisons, By Application
9.2 Global Semi- Autonomous Vehicle Market Share Analysis, By Application
9.3 Global Semi- Autonomous Vehicle Valve Market Size and Forecast, By Application
9.3.1 Transportation
9.3.2 Logistics Military
9.3.3 Defence
10 Global Semi- Autonomous Vehicle Market, By Region
10.1 Global Semi- Autonomous Vehicle Market Share Analysis, By Region
10.2 Global Semi- Autonomous Vehicle Market Share Analysis, By Region
11 North America Semi- Autonomous Vehicle Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 North America Semi- Autonomous Vehicle Market Share Analysis, By Component
11.3 North America Semi- Autonomous Vehicle Market Size and Forecast, By ADAS Features
11.4 North America Semi- Autonomous Vehicle Market Size and Forecast, By Automation Level
11.5 North America Semi- Autonomous Vehicle Market Size and Forecast, By Propulsion
11.6 North America Semi- Autonomous Vehicle Market Size and Forecast, By Application
11.7 North America Semi- Autonomous Vehicle Market Size and Forecast, By Country
11.7.1 U.S
11.7.1 Canada
11.7.3 Mexico
12 Europe Semi- Autonomous Vehicle Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Europe Semi- Autonomous Vehicle Market Share Analysis, By Component
12.3 Europe Semi- Autonomous Vehicle Market Size and Forecast, By ADAS Features
12.4 Europe Semi- Autonomous Vehicle Market Size and Forecast, By Automation Level
12.5 Europe Semi- Autonomous Vehicle Market Size and Forecast, By Propulsion
12.6 Europe Semi- Autonomous Vehicle Market Size and Forecast, By Application
12.7 Europe Semi- Autonomous Vehicle Market Size and Forecast, By Country
12.7.1 Germany
12.7.2 France
12.7.3 UK
12.7.4 Rest of Europe
13 Asia Pacific Semi- Autonomous Vehicle Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Asia Pacific Semi- Autonomous Vehicle Market Size and Forecast, By Component
13.3 Asia Pacific Semi- Autonomous Vehicle Market Size and Forecast, By ADAS Features
13.4 Asia Pacific Semi- Autonomous Vehicle Market Size and Forecast, By Automation Level
13.5 Asia Pacific Semi- Autonomous Vehicle Market Size and Forecast, By Propulsion
13.6 Asia Pacific Semi- Autonomous Vehicle Market Size and Forecast, By Application
13.7 Asia Pacific Semi- Autonomous Vehicle Market Size and Forecast, By Country
13.7.1 China
13.7.2 Japan
13.7.3 India
13.7.4. Rest of Asia Pacific
13 Latin America Semi- Autonomous Vehicle Market Analysis and Forecast (2022-2027)
14.1 Introduction
14.2 Latin America Semi- Autonomous Vehicle Market Size and Forecast, By Component
14.3 Latin America Semi- Autonomous Vehicle Market Size and Forecast, By ADAS Features
14.4 Latin America Semi- Autonomous Vehicle Market Size and Forecast, By Automation Level
14.5 Latin America Semi- Autonomous Vehicle Market Size and Forecast, By Propulsion
14.6 Latin America Semi- Autonomous Vehicle Market Size and Forecast, By Application
14.7 Latin America Semi- Autonomous Vehicle Market Size and Forecast, Country
14.7.1 Brazil
14.7.2. Rest of Latin America
15 Middle East Semi- Autonomous Vehicle Market Analysis and Forecast (2022-2027)
15.1 Introduction
15.2 Middle East Semi- Autonomous Vehicle Market Share Analysis, By Component
15.3 Middle East Semi- Autonomous Vehicle Market Size and Forecast, By ADAS Features
15.4 Middle East Semi- Autonomous Vehicle Market Size and Forecast, By Automation Level
15.5 Middle East Semi- Autonomous Vehicle Market Size and Forecast, By Propulsion
15.6 Middle East Semi- Autonomous Vehicle Market Size and Forecast, By Application
15.7 Middle East Semi- Autonomous Vehicle Market Size and Forecast, By Country
15.7.1. Saudi Arabia
15.7.2. UAE
15.7.3. Egypt
15.7.4. Kuwait
15.7.5. South Africa
16 Competitive Analysis
16.1 Competition Dashboard
16.2 Market share Analysis of Top Vendors
16.3 Key Development Strategies
17 Company Profiles
17.1. Mercedes-Benz Group AG (Germany)
17.1.1 Overview
17.1.2 Offerings
17.1.3 Key Financials
17.1.4 Business Segment & Geographic Overview
17.1.5 Key Market Developments
17.1.6 Key Strategies
17.2. Continental AG (Germany)
17.2.1 Overview
17.2.2 Offerings
17.2.3 Key Financials
17.2.4 Business Segment & Geographic Overview
17.2.5 Key Market Developments
17.2.6 Key Strategies
17.3. Valeo (France)
17.3.1 Overview
17.3.2 Offerings
17.3.3 Key Financials
17.3.4 Business Segment & Geographic Overview
17.3.5 Key Market Developments
17.3.6 Key Strategies
17.4. Z.F. Friedrichshafen AG (Germany)
17.4.1 Overview
17.4.2 Offerings
17.4.3 Key Financials
17.4.4 Business Segment & Geographic Overview
17.4.5 Key Market Developments
17.4.6 Key Strategies
17.5. Tesla (U.S.)
17.5.1 Overview
17.5.2 Offerings
17.5.3 Key Financials
17.5.4 Business Segment & Geographic Overview
17.5.5 Key Market Developments
17.5.6 Key Strategies
17.6. Magna International Inc., (Canada)
17.6.1 Overview
17.6.2 Offerings
17.6.3 Key Financials
17.6.4 Business Segment & Geographic Overview
17.6.5 Key Market Developments
17.6.6 Key Strategies
17.7. Waymo LLC (U.S.)
17.7.1 Overview
17.7.2 Offerings
17.7.3 Key Financials
17.7.4 Business Segment & Geographic Overview
17.7.5 Key Market Developments
17.7.6 Key Strategies
17.8. BMW (Germany)
17.8.1 Overview
17.8.2 Offerings
17.8.3 Key Financials
17.8.4 Business Segment & Geographic Overview
17.8.5 Key Market Developments
17.8.6 Key Strategies
17.9. Texas Instruments Incorporated (U.S.)
17.9.1 Overview
17.9.2 Offerings
17.9.3 Key Financials
17.9.4 Business Segment & Geographic Overview
17.9.5 Key Market Developments
17.9.6 Key Strategies
17.10. General Motors (U.S.)
17.10.1 Overview
17.10.2 Offerings
17.10.3 Key Financials
17.10.4 Business Segment & Geographic Overview
17.10.5 Key Market Developments
17.10.6 Key Strategies
