Near autonomous passenger car market to grow at a CAGR of 38.23% from 2022 to 2027: Evolving opportunities with Amazon.com Inc., Bayerische Motoren Werke AG among others - Technavio

NEW YORK, March 1, 2023 /PRNewswire/ -- According to the latest report on the near autonomous passenger car market, the market size is expected to grow by USD 294.81 billion from 2022 to 2027. The growth momentum of the market will accelerate at a CAGR of 38.23% during the forecast period. COVID-19 had the most negative impact on the global automotive industry in recent years, resulting in a steep fall in demand and a large-scale disruption of the supply chain. It has exerted intense pressure on an already-stressed global automotive market. Yet, there are high predictions that few countries are bringing manufacturing facilities and production back on track, indicating that the supply side is on a restoration line. For more insights on the historic (2017 to 2021) and forecast market size (2023 to 2027)  - Request a sample report.

Near autonomous passenger car market 2023-2027: Vendor analysis

Amazon.com Inc., Bayerische Motoren Werke AG, Chery Automobile Co. Ltd., Chongqing Changan Automobile Co. Ltd., Ford Motor Co., Geely Auto Group, Honda Motor Co. Ltd., Hyundai Motor Co., Mazda Motor Corp., Mercedes Benz Group AG, NIO Ltd., Nissan Motor Co. Ltd., Tata Motors Ltd., Tesla Inc., Toyota Motor Corp., Volkswagen AG, and General Motors Co are among some of the major market participants.

Key vendor offerings

• Amazon.com Inc. - The company offers HD maps for autonomous vehicles, such as Google HD mapping solution.
• Bayerische Motoren Werke AG - The company offers near autonomous passenger cars such as the 7 Series.
• Chery Automobile Co. Ltd. - The company offers near autonomous passenger cars such as Omoda 5.
• Chongqing Changan Automobile Co. Ltd. - The company offers near autonomous passenger cars such as Changan Uni-T.
• Ford Motor Co. - The company offers near autonomous passenger cars through Ford Autonomous Vehicles and Mobility.

Technavio's reports provide key strategic initiatives used by vendors, along with key news and the latest developments -Download a sample report

Near autonomous passenger car market 2023-2027: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The near autonomous passenger car market report covers the following areas:

• Near autonomous passenger car market size
• Near autonomous passenger car market trends
• Near autonomous passenger car market industry analysis

What`s New for 2023?

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial

Near autonomous passenger car market 2023-2027: Segmentation

• Technology 
• ADAS level 1: This segment will account for a significant share of the market's growth during the forecast period. ADAS helps improve vehicle and road safety by ensuring secure human-machine interaction. It uses automated technologies, including sensors and cameras, to detect and respond to surroundings. ADAS level 1 enables vehicles to steer, accelerate, and brake independently. Vehicles learn the behavior of other vehicles and road environments for safe navigation. Therefore, ADAS level 1 is expected to be implemented in future AVs. Such factors are expected to drive the growth of the ADAS level 1 segment during the forecast period.
• ADAS level 2
• Geography 
• North America
• Europe
• APAC
• South America
• Middle East And Africa

Near autonomous passenger car market 2023-2027: Key highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist near autonomous passenger car market growth during the next five years
• Estimation of the near autonomous passenger car market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the near autonomous passenger car market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of near autonomous passenger car market vendors

Why buy?

• Add credibility to strategy
• Analyzes competitor's offerings
• Get a holistic view of the market

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Related reports

The HD map for autonomous vehicles market is estimated to grow at a CAGR of 31.48% between 2022 and 2027. The size of the market is forecasted to increase by USD 5,384.84 million. The rising adoption of cloud-based HD maps is notably driving the market growth, although factors such as high cost associated with technology may impede the market growth.

The autonomous vehicles market is estimated to grow at a CAGR of 38.45% between 2022 and 2027. The size of the market is forecasted to increase by USD 319.41 billion. The increasing focus on achieving autonomous vehicles by automotive OEMs is notably driving the market growth, although factors such as high driver distraction with an increase in vehicle automation may hinder the market growth.

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Table of Contents:

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Technology
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 13: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 14: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global near autonomous passenger car market 2017 - 2021 
• Exhibit 17: Historic Market Size – Data Table on Global near autonomous passenger car market 2017 - 2021 ($ billion)

• 4.2 Technology Segment Analysis 2017 - 2021 
• Exhibit 18: Historic Market Size – Technology Segment 2017 - 2021 ($ billion)

• 4.3 Geography Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.4 Country Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 21: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 22: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 23: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 24: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 25: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 26: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 27: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Technology

• 6.1 Market segments
• Exhibit 28: Chart on Technology - Market share 2022-2027 (%)
• Exhibit 29: Data Table on Technology - Market share 2022-2027 (%)

• 6.2 Comparison by Technology 
• Exhibit 30: Chart on Comparison by Technology
• Exhibit 31: Data Table on Comparison by Technology

• 6.3 ADAS level 1 - Market size and forecast 2022-2027 
• Exhibit 32: Chart on ADAS level 1 - Market size and forecast 2022-2027 ($ billion)
• Exhibit 33: Data Table on ADAS level 1 - Market size and forecast 2022-2027 ($ billion)
• Exhibit 34: Chart on ADAS level 1 - Year-over-year growth 2022-2027 (%)
• Exhibit 35: Data Table on ADAS level 1 - Year-over-year growth 2022-2027 (%)

• 6.4 ADAS level 2 - Market size and forecast 2022-2027 
• Exhibit 36: Chart on ADAS level 2 - Market size and forecast 2022-2027 ($ billion)
• Exhibit 37: Data Table on ADAS level 2 - Market size and forecast 2022-2027 ($ billion)
• Exhibit 38: Chart on ADAS level 2 - Year-over-year growth 2022-2027 (%)
• Exhibit 39: Data Table on ADAS level 2 - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Technology 
• Exhibit 40: Market opportunity by Technology ($ billion)

7 Customer Landscape

• 7.1 Customer landscape overview 
• Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

• 8.1 Geographic segmentation 
• Exhibit 42: Chart on Market share by geography 2022-2027 (%)
• Exhibit 43: Data Table on Market share by geography 2022-2027 (%)

• 8.2 Geographic comparison 
• Exhibit 44: Chart on Geographic comparison
• Exhibit 45: Data Table on Geographic comparison

• 8.3 North America - Market size and forecast 2022-2027 
• Exhibit 46: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 47: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 8.4 Europe - Market size and forecast 2022-2027 
• Exhibit 50: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 51: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 53: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 8.5 APAC - Market size and forecast 2022-2027 
• Exhibit 54: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 55: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 56: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 57: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 8.6 South America - Market size and forecast 2022-2027 
• Exhibit 58: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 59: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 60: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 61: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 8.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 8.8 US - Market size and forecast 2022-2027 
• Exhibit 66: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 67: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 68: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 69: Data Table on US - Year-over-year growth 2022-2027 (%)

• 8.9 Germany - Market size and forecast 2022-2027 
• Exhibit 70: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 71: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 72: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 73: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 8.10 China - Market size and forecast 2022-2027 
• Exhibit 74: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 75: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 76: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 77: Data Table on China - Year-over-year growth 2022-2027 (%)

• 8.11 Japan - Market size and forecast 2022-2027 
• Exhibit 78: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 79: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 80: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 81: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 8.12 France - Market size and forecast 2022-2027 
• Exhibit 82: Chart on France - Market size and forecast 2022-2027 ($ billion)
• Exhibit 83: Data Table on France - Market size and forecast 2022-2027 ($ billion)
• Exhibit 84: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 85: Data Table on France - Year-over-year growth 2022-2027 (%)

• 8.13 Market opportunity by geography 
• Exhibit 86: Market opportunity by geography ($ billion)

9 Drivers, Challenges, and Trends

• 9.1 Market drivers

• 9.2 Market challenges

• 9.3 Impact of drivers and challenges 
• Exhibit 87: Impact of drivers and challenges in 2022 and 2027

• 9.4 Market trends

10 Vendor Landscape

• 10.1 Overview

• 10.2 Vendor landscape
• Exhibit 88: Overview on Criticality of inputs and Factors of differentiation

• 10.3 Landscape disruption
• Exhibit 89: Overview on factors of disruption

• 10.4 Industry risks
• Exhibit 90: Impact of key risks on business

11 Vendor Analysis

• 11.1 Vendors covered
• Exhibit 91: Vendors covered

• 11.2 Market positioning of vendors 
• Exhibit 92: Matrix on vendor position and classification

• 11.3 Bayerische Motoren Werke AG 
• Exhibit 93: Bayerische Motoren Werke AG - Overview
• Exhibit 94: Bayerische Motoren Werke AG - Business segments
• Exhibit 95: Bayerische Motoren Werke AG - Key news
• Exhibit 96: Bayerische Motoren Werke AG - Key offerings
• Exhibit 97: Bayerische Motoren Werke AG - Segment focus

• 11.4 Chery Automobile Co. Ltd. 
• Exhibit 98: Chery Automobile Co. Ltd. - Overview
• Exhibit 99: Chery Automobile Co. Ltd. - Product / Service
• Exhibit 100: Chery Automobile Co. Ltd. - Key offerings

• 11.5 Chongqing Changan Automobile Co. Ltd. 
• Exhibit 101: Chongqing Changan Automobile Co. Ltd. - Overview
• Exhibit 102: Chongqing Changan Automobile Co. Ltd. - Product / Service
• Exhibit 103: Chongqing Changan Automobile Co. Ltd. - Key news
• Exhibit 104: Chongqing Changan Automobile Co. Ltd. - Key offerings

• 11.6 Ford Motor Co.
• Exhibit 105: Ford Motor Co. - Overview
• Exhibit 106: Ford Motor Co. - Business segments
• Exhibit 107: Ford Motor Co. - Key news
• Exhibit 108: Ford Motor Co. - Key offerings
• Exhibit 109: Ford Motor Co. - Segment focus

• 11.7 Geely Auto Group
• Exhibit 110: Geely Auto Group - Overview
• Exhibit 111: Geely Auto Group - Product / Service
• Exhibit 112: Geely Auto Group - Key offerings

• 11.8 General Motors Co
• Exhibit 113: General Motors Co - Overview
• Exhibit 114: General Motors Co - Business segments
• Exhibit 115: General Motors Co - Key news
• Exhibit 116: General Motors Co - Key offerings
• Exhibit 117: General Motors Co - Segment focus

• 11.9 Honda Motor Co. Ltd.
• Exhibit 118: Honda Motor Co. Ltd. - Overview
• Exhibit 119: Honda Motor Co. Ltd. - Business segments
• Exhibit 120: Honda Motor Co. Ltd. - Key news
• Exhibit 121: Honda Motor Co. Ltd. - Key offerings
• Exhibit 122: Honda Motor Co. Ltd. - Segment focus

• 11.10 Hyundai Motor Co.
• Exhibit 123: Hyundai Motor Co. - Overview
• Exhibit 124: Hyundai Motor Co. - Business segments
• Exhibit 125: Hyundai Motor Co. - Key news
• Exhibit 126: Hyundai Motor Co. - Key offerings
• Exhibit 127: Hyundai Motor Co. - Segment focus

• 11.11 Mazda Motor Corp.
• Exhibit 128: Mazda Motor Corp. - Overview
• Exhibit 129: Mazda Motor Corp. - Business segments
• Exhibit 130: Mazda Motor Corp. - Key offerings
• Exhibit 131: Mazda Motor Corp. - Segment focus

• 11.12 Mercedes Benz Group AG 
• Exhibit 132: Mercedes Benz Group AG - Overview
• Exhibit 133: Mercedes Benz Group AG - Product / Service
• Exhibit 134: Mercedes Benz Group AG - Key offerings

• 11.13 Nissan Motor Co. Ltd. 
• Exhibit 135: Nissan Motor Co. Ltd. - Overview
• Exhibit 136: Nissan Motor Co. Ltd. - Business segments
• Exhibit 137: Nissan Motor Co. Ltd. - Key news
• Exhibit 138: Nissan Motor Co. Ltd. - Key offerings
• Exhibit 139: Nissan Motor Co. Ltd. - Segment focus

• 11.14 Tata Motors Ltd.
• Exhibit 140: Tata Motors Ltd. - Overview
• Exhibit 141: Tata Motors Ltd. - Business segments
• Exhibit 142: Tata Motors Ltd. - Key news
• Exhibit 143: Tata Motors Ltd. - Key offerings
• Exhibit 144: Tata Motors Ltd. - Segment focus

• 11.15 Tesla Inc.
• Exhibit 145: Tesla Inc. - Overview
• Exhibit 146: Tesla Inc. - Business segments
• Exhibit 147: Tesla Inc. - Key news
• Exhibit 148: Tesla Inc. - Key offerings
• Exhibit 149: Tesla Inc. - Segment focus

• 11.16 Toyota Motor Corp.
• Exhibit 150: Toyota Motor Corp. - Overview
• Exhibit 151: Toyota Motor Corp. - Business segments
• Exhibit 152: Toyota Motor Corp. - Key news
• Exhibit 153: Toyota Motor Corp. - Key offerings
• Exhibit 154: Toyota Motor Corp. - Segment focus

• 11.17 Volkswagen AG
• Exhibit 155: Volkswagen AG - Overview
• Exhibit 156: Volkswagen AG - Business segments
• Exhibit 157: Volkswagen AG - Key offerings
• Exhibit 158: Volkswagen AG - Segment focus

12 Appendix

• 12.1 Scope of the report

• 12.2 Inclusions and exclusions checklist 
• Exhibit 159: Inclusions checklist
• Exhibit 160: Exclusions checklist

• 12.3 Currency conversion rates for US$ 
• Exhibit 161: Currency conversion rates for US$

• 12.4 Research methodology
• Exhibit 162: Research methodology
• Exhibit 163: Validation techniques employed for market sizing
• Exhibit 164: Information sources

• 12.5 List of abbreviations 
• Exhibit 165: List of abbreviations

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