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China Autonomous Vehicles Market Report 2022: Sector to Reach $98.89 Billion by 2030 with Self-Driving Vehicles Gaining TractionDUBLIN, Jan. 20, 2023 /PRNewswire/ -- The "China Autonomous Vehicles Market, Size, Forecast 2022-2027, Industry Trends, Share, Growth, Outlooks, Impact of COVID-19, Company Analysis" report has been added to ResearchAndMarkets.com's offering. The Chinese Autonomous Vehicles Market is projected to reach US$ 98.89 Billion by 2030. Self-driving cars could lead China's automotive industry into the passing lane. From automated cargo trucks to driverless taxis (AVs), autonomous vehicles will change the nature of on-road driving and, in the process, revolutionize the mobility and automotive industries. The autonomous vehicle is also known as a self-driving or driverless car that can sense and read the environment and operate with minimal human input. Self-driving cars have become the primary revolution in automation and connectivity technology. Computers, smart phones, the internet, and advanced technologies merge with vehicles to assist and automate driving operations. China Driverless Cars Market Size was US$ 1.53 Billion in 2021 Notwithstanding, China is the world's second-largest market for autonomous driving technology. Therefore, it offers massive opportunities for domestic manufacturers and global firms alike. Autonomous driving in China will gain further momentum as driverless shuttles have become publicly available, and China is potentially taking the lead in the global autonomous vehicle market. China's Autonomous Vehicles Industry will grow with a CAGR of 58.9% during 2021-2030 On the basis of Level of Driving, the China Self Driving Car market is segmented into level 3, level 4, and level 5. The level 3 automation f the semi-autonomous market segment is expected to show the fastest growth. Its adoption rate is moderate; nevertheless, due to the increasing technological development, its penetration rate is relatively higher than level 1 and level 2. Besides, The China FAW Group Corporation is the leading domestic automotive OEM in autonomous vehicle technology development. It will likely pioneer L4 autonomous vehicle technology and achieve commercialization in 2020. Market Insights, Technology Wise; Hardware and Software Components Based on technology, Autonomous Vehicles are Market by hardware and software components. Hardware components include HMI Hardware, Mapping Hardware, V2X Hardware, Safety-Related HMI Hardware, Control Systems, and Computing Hardware, Connectivity Hardware, Actuators, Sensing & Local Mapping Hardware. Again we have categorized the market on the basis of software components; Embedded Controls Software Market, V2X Software Market, Mapping Software Market, Data Security Software Market, and HMI Software Market. The China Autonomous Vehicles market is fragmented into AutoX, Baidu Apollo, Didi Chuxing, Pony.ai, TuSimple, WeRide. China Autonomous Vehicles Market Level 3: Semi-Autonomous
Level 4: High Automation
Level 5: Full Automation
Numbers - Autonomous Vehicles 1. Semi-Autonomous Driving
2. Self-Driving Car
Technology - Market has been divided into two Technologies: 1. Hardware Components Hardware Components - Market breakup from 13 viewpoints: 1. Sensing & Local Mapping Hardware Software Components - Market breakup from 5 viewpoints: 1. V2X Software All companies have been covered from 2 viewpoints:
Key Topics Covered:
For more information about this report visit https://www.researchandmarkets.com/r/7b47bi About ResearchAndMarkets.com Media Contact: Research and Markets Logo- https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg View original content:https://www.prnewswire.com/news-releases/china-autonomous-vehicles-market-report-2022-sector-to-reach-98-89-billion-by-2030-with-self-driving-vehicles-gaining-traction-301726534.html SOURCE Research and Markets |