Australia Autonomous Vehicle Market Size & Outlook
Australia autonomous vehicle market, 2017-2030 (US$M)
Related Markets
Australia autonomous vehicle market highlights
- The Australia autonomous vehicle market generated a revenue of USD 1,017.8 million in 2023 and is expected to reach USD 6,017.2 million by 2030.
- The Australia market is expected to grow at a CAGR of 28.9% from 2024 to 2030.
- In terms of segment, passenger vehicle was the largest revenue generating vehicle type in 2023.
- Commercial Vehicle is the most lucrative vehicle type segment registering the fastest growth during the forecast period.
Autonomous vehicle market data book summary
| Market revenue in 2023 | USD 1,017.8 million |
| Market revenue in 2030 | USD 6,017.2 million |
| Growth rate | 28.9% (CAGR from 2023 to 2030) |
| Largest segment | Passenger vehicle |
| Fastest growing segment | Commercial Vehicle |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Passenger Vehicle, Commercial Vehicle |
| Key market players worldwide | Ford Motor Co, Bayerische Motoren Werke AG, Volvo AB ADR, General Motors Co, Hyundai Motor Co, Mercedes-Benz Group AG, Renault SA, Tesla Inc, Toyota Motor Corp, Volkswagen AG |
Other key industry trends
- In terms of revenue, Australia accounted for 1.9% of the global autonomous vehicle market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China autonomous vehicle market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 9,278.0 million by 2030.
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Autonomous Vehicle Market Scope
Autonomous Vehicle Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Australia autonomous vehicle market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to autonomous vehicle market will help companies and investors design strategic landscapes.
Passenger vehicle was the largest segment with a revenue share of 70.14% in 2023. Horizon Databook has segmented the Australia autonomous vehicle market based on passenger vehicle, commercial vehicle covering the revenue growth of each sub-segment from 2017 to 2030.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia autonomous vehicle market , including forecasts for subscribers. This country databook contains high-level insights into Australia autonomous vehicle market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Australia autonomous vehicle market size, by vehicle type, 2017-2030 (US$M)
Australia Autonomous Vehicle Market Outlook Share, 2023 & 2030 (US$M)
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