Self-driving Cars Market worth 76,217 thousand units in
From GlobeNewswire: 2025-05-22 21:30:00
The self-driving cars market is expected to double from 37,090 thousand units in 2024 to 76,217 thousand units in 2035, with a CAGR of 6.8%. This growth is driven by sensor advancements, V2X communication, and MaaS solutions. Cloud computing and AI play crucial roles in enhancing autonomous vehicle performance, with emerging markets and smart city initiatives further boosting expansion potential.
The personal mobility segment is set to dominate the self-driving cars market, fueled by demand for convenient, flexible, and on-demand transportation. Toyota, Tesla, and other key players are ramping up efforts in autonomous vehicles. AI, sensor technology, and connectivity advancements are key drivers in this sector, with a focus on electric self-driving models.
The C&D segment of self-driving cars, featuring mid-size sedans and SUVs with advanced autonomy and safety features, is expected to lead the market. Popular models like the Audi A4 and Hyundai Elantra showcase strong demand. Manufacturers like BMW Group are expanding production to meet rising demands and reinforce the segment’s market dominance.
North America is poised for significant growth in the self-driving cars market, driven by technological advancements, supportive policies, and consumer demand. Leading automakers and start-ups are spearheading autonomous vehicle development, with regulatory initiatives further accelerating adoption. Waymo’s driverless taxi services and investments in intelligent transportation infrastructure position North America as a key growth region.
Recent developments in the market include Tesla’s introduction of the Cybercab, Toyota’s collaboration with Suzuki on a battery electric vehicle, Cruise LLC’s resumption of manual driving operations, and Buick’s unveiling of the Enclave SUV with Super Cruise. These developments underscore the rapid advancements and innovations shaping the self-driving cars market.
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