Canada Autonomous Vehicle Market Size & Outlook, 2025-2030
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Canada autonomous vehicle market highlights
- The Canada autonomous vehicle market generated a revenue of USD 3,395.2 million in 2023 and is expected to reach USD 18,115.6 million by 2030.
- The Canada market is expected to grow at a CAGR of 27% 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 3,395.2 million |
| Market revenue in 2030 | USD 18,115.6 million |
| Growth rate | 27% (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, Canada accounted for 6.3% 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 North America, U.S. autonomous vehicle market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 18,115.6 million by 2030.
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Autonomous Vehicle Market Scope
Autonomous Vehicle Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Renault SA | View profile | 105812 | 13-15, quai Le Gallo, Boulogne, Billancourt, France, 92100 | http://www.renault.com |
| Bayerische Motoren Werke AG | View profile | 154950 | Petuelring 130, Munich, BY, Germany, 80809 | https://www.bmwgroup.com |
| Ford Motor Co | View profile | 177000 | One American Road, Dearborn, MI, United States, 48126 | https://www.ford.com |
| Mercedes-Benz Group AG | View profile | 166056 | Mercedesstrasse 120, Stuttgart, BW, Germany, 70372 | https://www.daimler.com |
| Hyundai Motor Co | View profile | 73502 | 12, Heolleung-ro, Seocho-Gu, Seoul, Korea, Republic of | https://www.hyundai.com |
| General Motors Co | View profile | 163000 | 300 Renaissance Center, Detroit, MI, United States, 48265-3000 | https://www.gm.com |
| Volkswagen AG | View profile | 656134 | Berliner Ring 2, Wolfsburg, NI, Germany, 38440 | https://www.volkswagenag.com |
| Tesla Inc | View profile | 140473 | 1 Tesla Road, Austin, TX, United States, 78725 | https://www.tesla.com |
| Toyota Motor Corp | View profile | 380793 | 1 Toyota-cho, Aichi Prefecture, Toyota, Japan, 471-8571 | https://www.global.toyota |
| Volvo AB ADR | View profile | 104905 | Gropegardsgatan 2, Gothenburg, Sweden, 417 15 | https://www.volvogroup.com |
Canada 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 70.15% in 2024. Horizon Databook has segmented the Canada autonomous vehicle market based on passenger vehicle, commercial vehicle covering the revenue growth of each sub-segment from 2018 to 2030.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada autonomous vehicle market , including forecasts for subscribers. This country databook contains high-level insights into Canada autonomous vehicle market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada autonomous vehicle market size, by vehicle type, 2018-2030 (US$M)
Canada Autonomous Vehicle Market Outlook Share, 2024 & 2030 (US$M)
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