Self-driving Cars And Trucks Market Size, Share & Trends Analysis Report By Application (Transportation, Defense), By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa), And Segment Forecasts, 2023 - 2030

Market Segmentation

• Self-Driving Cars and Trucks Application Outlook (Volume, Thousand Units, 2021 - 2030)
  • Transportation
  • Defense
• Self-Driving Cars and Trucks Regional Outlook (Volume, Thousand Units, 2021 - 2030)
  • North America
    • North America Self-driving Cars and Trucks Market, By Application
      • Transportation
      • Defense
    • U.S.
      • U.S. Self-driving Cars and Trucks Market, By Application
        • Transportation
        • Defense
    • Canada
      • Canada Self-driving Cars and Trucks Market, By Application
        • Transportation
        • Defense
    • Mexico
      • Mexico Self-driving Cars and Trucks Market, By Application
        • Transportation
        • Defense
  • Europe
    • Europe Self-driving Cars and Trucks Market, By Application
      • Transportation
      • Defense
    • U.K.
      • U.K. Self-Driving Cars and Trucks Market, By Application
        • Transportation
        • Defense
    • Germany
      • Germany Self-driving Cars and Trucks Market, By Application
        • Transportation
        • Defense
    • France
      • France Self-driving Cars and Trucks Market, By Application
        • Transportation
        • Defense
  • Asia Pacific
    • Asia Pacific Self-driving Cars and Trucks Market, By Application
      • Transportation
      • Defense
    • China
      • China Self-driving Cars and Trucks Market, By Application
        • Transportation
        • Defense
    • Japan
      • Japan Self-driving Cars and Trucks Market, By Application
        • Transportation
        • Defense
    • India
      • India Self-driving Cars and Trucks Market, By Application
        • Transportation
        • Defense
  • South America
    • South America Self-driving Cars and Trucks Market, By Application
      • Transportation
      • Defense
    • Brazil
      • Brazil Self-driving Cars and Trucks Market, By Application
        • Transportation
        • Defense
  • Middle East and Africa
    • Middle East and Africa Self-driving Cars and Trucks Market, By Application
      • Transportation
      • Defense

Self-driving Cars And Trucks Market Dynamics

Driver: Rising Need for Road Safety

The number of road accidents is increasing day by day. According to the Association for Safe International Road Travel (ASIRT), more than one million people die in road accidents each year. The primary cause of accidents is human error that occurs in uncertainty of events, for instance, head-on collisions due to misinterpretation of the driver. Accidents may also occur due to machine or parts failure, such as the failure of brakes or breakage of axles. The governments of many nations are strengthening the regulations that can resolve road safety concerns. Autonomous vehicles are safer than traditional vehicles as they are technologically advanced vehicles with various driving assist systems, such as navigation systems, lane management systems, and anti-collision systems, among others, and are connected to a central processing and decision-making system.

Driver: Growing R&D Spending in Autonomous Vehicle Development

The automobile industry is dynamic and changes with advancements in technology. Several major players in the industry, such as General Motors, Volkswagen, Mercedes, BMW, and others, invest a significant part of their revenue toward the research and development of technologies. Currently, there is a growing trend of autonomous vehicles in the automotive industry, thus attracting larger investments in the development of these vehicles. The U.K. government granted permission to test autonomous cars on public roads. Furthermore, the Federal Department of Environment, Transport, Energy, and Communications in Switzerland permitted driverless testing on Zurich streets. An autonomous vehicle is a combination of various sensors and networking systems that assist the computer in driving the vehicle.

Restraint: Vehicle safety and cybersecurity concerns

Autonomous vehicles are a cyber-physical system as they have elements of both physical and virtual worlds. The physical system comprises the car and all the mechanical components, while the virtual system comprises the AI-based driving assisting systems, such as car-to-car communication, navigation, and cloud connectivity. Thus, Connectivity also poses a threat to the security of the autonomous car. Autonomous vehicles can be hacked by traditional hackers for personal data, such as behavior patterns. Moreover, autonomous vehicles can be infected by ransomware that can cause accidents while also increasing the chances of vehicle theft. In 2015, Jeep Cherokee was hacked by researchers from IOActive, Inc., a company that provides cybersecurity solutions.

What Does This Report Include?

This section will provide insights into the contents included in this self-driving cars and trucks market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Self-driving cars and trucks market qualitative analysis

• Industry overview

• Industry trends

• Market drivers and restraints

• Market size

• Growth prospects

• Porter’s analysis

• PESTEL analysis

• Key market opportunities prioritized

• Competitive landscape

  • Company overview

  • Financial performance

  • Product benchmarking

  • Latest strategic developments

Self-driving cars and trucks market quantitative analysis

• Market size, estimates, and forecast from 2021 to 2030

• Market estimates and forecast for product segments up to 2030

• Regional market size and forecast for product segments up to 2030

• Market estimates and forecast for application segments up to 2030

• Regional market size and forecast for application segments up to 2030

• Company financial performance