Global Semi-Autonomous Vehicle Market by Level of Automation (Level 3, Level 2, Level 1), by Vehicle Type (Passenger Car, Commercial Vehicle) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

In 2020, the global demand for semi-autonomous vehicles was 14.22 million units. From 2021 to 2028, the market will grow at a compound annual rate (CAGR), of 20.8%. Semi-autonomous vehicles are becoming more popular due to the need for safer, more efficient driving systems. Semi-autonomous vehicles offer better driver control and safety, which can lead to promising growth opportunities. Additionally, many regional governments have imposed strict safety and driving laws that encourage companies to include these technologies in their vehicles.

Numerous technological advances have created a favorable environment for market growth. The driving experience has been improved by the 5G delivery model, Wireless Local Area Network, GPS and vehicle-to–vehicle technology. This has allowed companies to meet their environmental sustainability goals as well as comply with government laws and regulations. Drivers will also be able to choose between manual and automatic modes, giving them greater control of the vehicle.

Semi-automatic vehicles are now equipped with MachineLearning (ML), which has further improved the functionality and efficiency of automobiles. ML can be used for many purposes, including driver monitoring, detection and classification, and machine learning-based vision. ML can be used to classify objects by using neural networks. It distinguishes between pedestrians, cars and lamp posts. Drivers can use ML to determine the distance between objects and their speed and direction. This helps them navigate safely and effectively change lanes.

Internet of Things (IoT), offers promising growth opportunities for semi-autonomous car market. IoT enables real-time decision making and vehicle control to reduce road accidents. IoT allows automotive manufacturers to provide automatic emergency detection, diagnostic information for drivers and manufacturers, as well as connected infrastructure. The ability to provide real-time information about vehicle performance, driving conditions (such as roads and weather) aids in better control of and efficient navigation of vehicles when they are making sharp turns or avoiding obstacles.

Insights on Automation Level

Level 1 automation accounted for the largest volume share in the semi-autonomous car market in 2020. It is expected to grow at a 20.0% CAGR between 2021 and 2028. This is due to the increasing demand for assisted driving technologies by automobile users. Autonomous vehicles with Level 1 automation offer a high level of manual control and maneuverability, which helps to increase vehicle efficiency. Semi-autonomous vehicles are widely adopted because they offer enhanced efficiency and a more comfortable driving experience.

Level 2 and 3 automation levels are further sub-categories of semi-autonomous vehicles. The ability to offer advanced driving assistance systems (ADAS) made level 2 automation a dominant segment in 2020. ADAS enables the vehicle to control both accelerating/decelerating, lane centering, adaptive cruise control. The vehicle can also perform steering functions, reducing human effort and reducing the risks associated with human judgement. Companies such as Tesla and Cadillac have begun to offer level 2 automated cars, the Cadillac Super Cruise and Cadillac Autopilot systems.

Vehicle Type Insights

In 2020, the passenger cars segment accounted for 69.90% of total volume. Semi-automated vehicles are becoming more popular due to the high volume of passenger cars. Semi-autonomous technology allows drivers to navigate traffic more efficiently and make sharp turns safer, which reduces stress for the driver. ADAS, obstacle avoidance, connected features and ADAS allow drivers to use their feet to move the steering wheels and pedals as they please.

Commercial vehicles accounted for a significant portion of the market in 2020. It is expected to see a significant CAGR during the forecast period. Long distance commercial vehicles are often used to transport goods and other products. Semi-autonomous vehicles are widely adopted due to their safety and ability to keep drivers healthy and upright on long journeys. It also allows drivers to take a break for a set period of time during long journeys, which improves their efficiency.

Regional Insights

With a 31.0% volume share, North America dominated global markets in 2020. This high share is due to the widespread adoption of advanced technologies like Machine Learning (ML) and the Internet of Things (IoT). Companies such as Google, Inc., Cisco Systems, Inc., and IBM Corporation have created a strong IoT market, which has resulted in the market growing. Automakers are encouraged to incorporate these technologies in their semi-autonomous vehicles because of stringent government regulations.

Europe accounted for 28.6% of the global volume in 2020, and it is expected to continue its strong growth during the forecast period. The market has seen significant growth due to the presence of a large automotive industry in countries like Germany, France and the U.K. Market growth is possible because of favorable regulatory mandates for the deployment and operation of the 5G system. Planned by the EU, truck platooning is a method of linking multiple trucks together in convoy. This offers promising growth prospects to semi-autonomous commercial vehicle.

Market Share Insights & Key Companies

Major companies have partnered with other companies to expand their business and reach new markets. This has led to increased revenue generation and new business opportunities for technology providers. Audi AG announced in August 2020 a partnership with FAW in order to develop fully electric and autonomous vehicles in China. Daimler AG and Waymo announced a global strategic alliance in October 2020 to accelerate the technology movement for autonomous vehicles.

M&A is a common activity for companies to increase their market penetration and revenue share. To foster Continental AG's vehicle antenna technology, Continental Ag purchased Kathrein Automotive GmbH in Rosenheim in February 2019. To improve automobile technology and provide a safer and more comfortable environment, companies have increased their R&D activities. BMW AG, for example, opened a new R&D centre with FIZ Projekthaus Nord in November 2020. This was to increase its R&D network for future vehicles. The semi-autonomous vehicle market is dominated by the following players:

• Audi AG

• BMW AG

• Continental AG

• Daimler AG (Mercedes Benz)

• Ford Motor Company

• General Motors

• Honda Motor Corporation

• Nissan Motor Company

• Toyota Motor Corporation

• Volvo Car Corporation

• Valeo S.A.

• Volkswagen AG

Up Market Research published a new report titled “Semi-Autonomous Vehicle Market research report which is segmented by Level of Automation (Level 3, Level 2, Level 1), by Vehicle Type (Passenger Car, Commercial Vehicle), By Players/Companies Toyota Motor Corporation, General Motors, Continental AG, Volvo Car Corporation, Daimler AG (Mercedes Benz), Valeo SA, BMW AG, Nissan Motor Company, Audi AG, Ford Motor Company, Honda Motor Corporation, Volkswagen AG”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Semi-Autonomous Vehicle Market Report Segments:

The market is segmented by Level of Automation (Level 3, Level 2, Level 1), by Vehicle Type (Passenger Car, Commercial Vehicle).

Semi-Autonomous Vehicle Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Semi-Autonomous Vehicle Market

Overview of the regional outlook of the Semi-Autonomous Vehicle Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Semi-Autonomous Vehicle Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Semi-Autonomous Vehicle Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Level 3

                2. Level 2

                3. Level 1

                1. Passenger Car

                2. Commercial Vehicle

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Semi-Autonomous Vehicle Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Semi-Autonomous Vehicle Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.