DUBLIN–(BUSINESS WIRE)–The “China Autonomous Vehicles Market, Size, Forecast 2024-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Company Analysis” report has been added to ResearchAndMarkets.com’s offering.
With a rising CAGR of 21.66% from 2024 to 2030, the China Autonomous Vehicles Market is set to redefine transportation norms, auguring a promising future for innovations in intelligent and connected vehicles (ICVs).
The autonomous vehicle landscape in China is undergoing a transformative phase with an extensive growth projection, as reflected in a comprehensive new research publication. This insightful analysis encapsulates the market trends, industry share, growth influence, and the remarkable potential driven by innovation and regulatory support, highlighting an expected market reach of US$ 31.60 Billion by 2030.
The report underscores the disruption in the Chinese automobile industry captivated by ACES standards, with autonomous vehicles at the crux of this evolution. Through detailed segmentation by levels of driving, hardware, software, vehicle type, application, and propulsion, the study showcases the multifaceted aspects of the forecasted growth trajectory.
Substantial Growth in Specific Autonomous Vehicle Sectors
- Robust advancement in Level 3 autonomous driving technology.
- Software sector identifying itself as the backbone of innovation in the autonomous vehicles industry.
- Lidar hardware and V2X software set to dominate the technological forefront.
- Accelerated development in the commercial vehicle sector with autonomous systems.
Strategic Insights into Key Domains
China is progressing towards leading as a global authority in self-sufficient transportation solutions. The report provides a window into how key applications are shaping the market:
- Defense applications are increasingly adopting autonomous technology, indicating a growth potential in this segment.
- Civil and transportation logistics to leverage autonomous advancements for efficiency and safety.
The propulsion segment sheds light on the persistent dominance of the internal combustion engine, juxtaposed with the burgeoning electric and hybrid sectors, signifying an intriguing combination of traditional and advanced technologies.
Leading Players Paving the Way
Key players such as AutoX, Baidu Apollo, Didi Chuxing, Pony.ai, TuSimple, and WeRide, are at the helm of the advancements propelling China’s autonomous vehicle industry into new horizons. Their strategies and developments are meticulously detailed in the report to offer a complete understanding of the competitive landscape.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 170 |
| Forecast Period | 2023 – 2030 |
| Estimated Market Value (USD) in 2023 | $8.01 Billion |
| Forecasted Market Value (USD) by 2030 | $31.6 Billion |
| Compound Annual Growth Rate | 21.6% |
| Regions Covered | China |
The report offers a comprehensive overview with:
- Insightful industry trends and market share analyses.
- Examination of growth drivers, including the impact of inflation.
- Deep-dive into levels of driving from L1 to L5 autonomous technology.
- Breakdown of hardware and software market segments influencing the market dynamics.
- Evaluation of vehicle types and the significant expansion in the commercial sector.
- Appraisal of propulsion methodologies with an emphasis on traditional and electric variants.
- Insights into the competitive landscape and strategic developments by leading market players.
Companies Mentioned
- AutoX
- Baidu Apollo
- Didi Chuxing
- Pony.ai
- TuSimple
- WeRide
For more information about this report visit https://www.researchandmarkets.com/r/enzp6z
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