South Korea Semi-autonomous Vehicle Market Size & Outlook
South Korea semi-autonomous vehicle market, 2017-2028 (Million Unit)
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South Korea semi-autonomous vehicle market highlights
- The South Korea semi-autonomous vehicle market generated a revenue of Million 0.6 unit in 2021 and is expected to reach Million 3.3 unit by 2028.
- The South Korea market is expected to grow at a CAGR of 26.6% from 2022 to 2028.
- In terms of segment, level 1 was the largest revenue generating level of automation in 2021.
- Level 3 is the most lucrative level of automation segment registering the fastest growth during the forecast period.
Semi-autonomous vehicle market data book summary
| Market revenue in 2021 | Million 0.6 unit |
| Market revenue in 2028 | Million 3.3 unit |
| Growth rate | 26.6% (CAGR from 2021 to 2028) |
| Largest segment | Level 1 |
| Fastest growing segment | Level 3 |
| Historical data | 2017 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2028 |
| Quantitative units | Revenue in Million unit |
| Market segmentation | Level 1, Level 2, Level 3 |
| Key market players worldwide | Bayerische Motoren Werke AG, Continental AG, Mercedes-Benz Group AG, Ford Motor Co, General Motors Co, Honda Motor Co Ltd, Nissan Motor Co Ltd, Toyota Motor Corp, Volvo Car AB Class B, Valeo SA, Volkswagen AG, Audi AG |
Other key industry trends
- In terms of revenue, South Korea accounted for 3.9% of the global semi-autonomous vehicle market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Asia Pacific, China semi-autonomous vehicle market is projected to lead the regional market in terms of revenue in 2028.
- India is the fastest growing regional market in Asia Pacific and is projected to reach Million 3.0 unit by 2028.
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Semi-Autonomous Vehicle Market Scope
Semi-Autonomous Vehicle Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea semi-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 semi-autonomous vehicle market will help companies and investors design strategic landscapes.
Level 1 was the largest segment with a revenue share of 50% in 2021. Horizon Databook has segmented the South Korea semi-autonomous vehicle market based on level 1, level 2, level 3 covering the revenue growth of each sub-segment from 2017 to 2028.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea semi-autonomous vehicle market, including forecasts for subscribers. This country databook contains high-level insights into South Korea semi-autonomous vehicle market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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South Korea semi-autonomous vehicle market
South Korea Semi-Autonomous Vehicle Market Share, 2021 & 2028 (Million Unit)
South Korea semi-autonomous vehicle market
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