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Autonomous Vehicle Market for Luxury Segment by Body Type (Sedan/Hatchback & SUV), End User (Personal Mobility & Car Sharing), Fuel Type (BEV, Hybrid, ICE, & FCEV), Component (Radar, LiDAR, & Biometric Sensors) and Region - Global Forecast to 2030

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Date: 23-Oct-2017
No. of pages: 174
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“Increasing demand for luxury vehicles is set to drive the autonomous vehicle market for luxury segment”

The global autonomous vehicle market for luxury segment is projected to be 27,906 units in 2025 and is projected to grow to 126,774 units by 2030, at a CAGR of 35.35%. Increasing accident fatalities coupled with rising concern for vehicle safety and security have accentuated the need for the development of autonomous vehicles. Other factors such as an increase in disposable income, the rise in purchasing power, and changing buyer preferences have fueled the market for luxury and premium cars, which is in turn expected to drive the autonomous vehicle market for luxury segment. On the other hand, the lack of infrastructure is the key restraint for the growth of autonomous luxury vehicles. The autonomous vehicle market for luxury segment requires basic infrastructure such as well-organized roads, lane marking, and availability of GPS for effective functioning. The lack of infrastructure in developing countries could make it difficult to achieve a common platform for autonomous luxury vehicles.

“Car Sharing: The fastest growing segment of the autonomous vehicle market for luxury segment, by end user“

Changing consumer attitude about vehicle ownership and increasing penetration of shared mobility are expected to fuel the demand for the autonomous luxury vehicle car sharing market. Car sharing services offer convenience and cost savings for consumers. Also, car sharing services reduce operating costs such as maintenance, tires, and gas. The preference for luxury vehicles and growing market for vehicle car sharing will fuel the luxury autonomous vehicle car sharing market.  

“Radar Sensors: The fastest growing component of the autonomous vehicle market for luxury segment”

The radar sensor is projected to be the fastest growing component of the autonomous vehicle market for luxury segment. The major advantage of radar is that it can be used for long as well as short distance ranges. At present, advanced driver assistance system (ADAS) technologies such as adaptive cruise control (ACC), lane departure warning (LDW), blind spot detection (BSD), and park assist use the radar sensor technology. Factors such as the increase in demand for high-end cars, regulations for improved safety, changing buyer preferences, and increasing roadways infrastructure will contribute to the growth of radar sensors market for autonomous luxury vehicle.

“Europe: The fastest growing region in the autonomous vehicle market for luxury segment”

The Europe an autonomous vehicle market for luxury segment is projected to grow at the highest CAGR during the forecast period.  Europe is a hub for automotive giants and premium vehicles. The demand for luxury vehicles is high in countries such as Germany, Italy, UK, Spain, and France. Also, Germany is home to several luxury OEMs such as BMW Group, Audi AG, and Daimler AG, which in turn encourages the market growth of autonomous vehicles market for luxury segment.

The study contains insights of various industry experts, ranging from component suppliers to Tier 1 companies and OEMs.

The break-up of the primaries is as follows:


  • By Company Type – OEMs- 45%, Tier 1- 35% Tier 2 - 20%

  • By Designation - C level - 35%, D level - 25%, Others - 40%

  • By Region - North America - 40%, Europe - 30%, Asia Pacific - 25%, RoW - 5%


Major players profiled in the report are:

OEMs:


  • BMW (Germany)

  • Audi (Germany)

  • Daimler (Germany)

  • Tesla (US)

  • Porsche (Germany)


Tier I suppliers:


  • Robert Bosch (Germany)

  • Continental (Germany)

  • Denso (Japan)

  • Delphi (UK)

  • Infineon (Germany)

  • NXP (Netherlands)


Research Coverage:

The report segments the autonomous vehicle market for luxury segment and forecasts its size, by volume, on the basis of region (Asia Pacific, Europe, North America, and RoW),body type (sedan/hatchback and SUV),component type (biometric sensors, radar sensors, LiDAR sensors, ultrasonic sensors and camera unit),fuel type (BEV, hybrid (HEV & PHEV), ICE, and FCEV),and end-user (car sharing and personal mobility).
The

report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the autonomous vehicle market for luxury segment. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.

Key Benefits of Buying the Report:


  • The report will help the market leaders/new entrants in this market by providing them the closest approximations of the revenue numbers for the overall autonomous vehicle market for luxury segment and their subsegments.

  • This report will help stakeholders to better understand the competitor landscape and gain insights to better position their businesses and make suitable go-to-market strategies.

  • The report also helps the stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.

Autonomous Vehicle Market for Luxury Segment by Body Type (Sedan/Hatchback & SUV), End User (Personal Mobility & Car Sharing), Fuel Type (BEV, Hybrid, ICE, & FCEV), Component (Radar, LiDAR, & Biometric Sensors) and Region - Global Forecast to 2030

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.4 Currency
1.5 Package Size
1.6 Limitations
1.7 Assumptions
1.8 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Secondary Sources
2.1.1.2 Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Sampling Techniques & Data Collection Methods
2.1.2.2 Primary Participants
2.2 Factor Analysis
2.2.1 Introduction
2.2.2 Demand-Side Analysis
2.2.2.1 Increasing Traffic Congestion Due to Rising Urbanization Around the Globe
2.2.2.2 Impact of Disposable Income on Vehicle Sales
2.2.2.3 Growth in Luxury Vehicle Sales
2.2.2.4 Need for Safety and Security
2.2.3 Supply-Side Analysis
2.2.3.1 Technological Advancements in Autonomous Vehicles
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Introduction
4.2 Attractive Opportunities in the Autonomous Vehicle Market for Luxury Segment
4.3 Autonomous Vehicle Market for Luxury Segment, By Region, 2025–2030
4.4 Autonomous Vehicle Market for Luxury Segment, By Body Type, 2025–2030
4.5 Autonomous Vehicle Market for Luxury Segment, By Fuel Type, 2025–2030
4.6 Autonomous Vehicle Market for Luxury Segment, By End-User, 2025–2030
4.7 Autonomous Vehicle Market for Luxury Segment, By Component, 2025–2030

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growth in Connected Vehicle Technology and Dynamic Mobility Application
5.2.1.2 Need for Safe, Productive and Efficient Driving Experience
5.2.1.3 Integration of Technology in Vehicles
5.2.2 Restraints
5.2.2.1 Consumer Acceptance to Automation
5.2.2.2 Cyber Security and Safety Concerns
5.2.2.3 Non-Availability of Required Infrastructure in Developing Countries
5.2.3 Opportunities
5.2.3.1 Autonomous Luxury Cars as A Car Shared Service
5.2.3.2 Robotic Assistance
5.2.4 Challenges
5.2.4.1 Mutual Interference Between LiDAR Scanners
5.2.4.2 Environment Constraints Pose A Challenge for Autonomous Luxury Vehicles
5.2.4.3 Crowd Navigation
5.2.4.4 Undefined Legal Responsibility
5.3 Government Regulations for Autonomous Vehicles,  By Country
5.4 Autonomous Vehicle Market for Luxury Segment Regional Growth Factor Roadmap
5.5 Macro-Indicator Analysis
5.5.1 Introduction
5.5.2 Premium Vehicle Sales as A Percentage of Total Sales
5.5.3 GDP (USD Billion)
5.5.4 GNI Per Capita, Atlas Method (USD)
5.5.5 GDP Per Capita PPP (USD)
5.5.6 Macro Indicators Influencing the Autonomous Vehicle Market for Luxury Segment for Top 3 Countries
5.5.6.1 US
5.5.6.2 Germany
5.5.6.3 UK

6 Technology Overview
6.1 Artificial Intelligence
6.2 Smart Seats
6.3 Mobile Payment Systems

7 Autonomous Vehicle Market for Luxury Segment, By Body Type
7.1 Introduction
7.2 Sedan/Hatchback
7.3 Suv (Sport Utility Vehicle)

8 Autonomous Vehicle Market for Luxury Segment, By Fuel Type
8.1 Introduction
8.2 Battery Electric Vehicle (BEV)
8.3 Hybrid Vehicle (HEV & PHEV)
8.4 Internal Combustion Engine (ICE)
8.5 Fuel Cell Electric Vehicle (FCEV)

9 Luxury Autonomous Vehicle Market, By Component
9.1 Introduction
9.2 Biometric Sensors
9.3 Camera Unit
9.4 LiDAR Sensors
9.5 Radar Sensors
9.6 Ultrasonic Sensors

10 Autonomous Vehicle Market for Luxury Segment—Future Trends & Scenario (2023–2030)
10.1 Introduction
10.2 Autonomous Vehicle Market for Luxury Segment - Optimistic Scenario
10.3 Autonomous Vehicle Market for Luxury Segment – Most Likely Scenario
10.4 Autonomous Vehicle Market for Luxury Segment - Pessimistic Scenario

11 Autonomous Vehicle Market for Luxury Segment, Future Trends & Scenario for Car Sharing
11.1 Introduction
11.2 Autonomous Vehicle Market for Luxury Car Sharing Segment - Optimistic Scenario
11.3 Autonomous Vehicle Market for Luxury Car Sharing Segment – Most Likely Scenario
11.4 Autonomous Vehicle Market for Luxury Car Sharing Segment – Pessimistic Scenario

12 Autonomous Vehicle Market for Luxury Segment, By End-User
12.1 Introduction
12.2 Personal Mobility
12.3 Car Sharing

13 Autonomous Luxury Vehicles Market, By Region
13.1 Introduction
13.2 Asia Pacific
13.2.1 China
13.2.2 Japan
13.2.3 South Korea
13.3 Europe
13.3.1 France
13.3.2 Germany
13.3.3 Italy
13.3.4 Spain
13.3.5 UK
13.4 North America
13.4.1 US
13.4.2 Mexico
13.4.3 Canada
13.5 RoW
13.5.1 Brazil
13.5.2 Russia

14 Competitive Landscape
14.1 Market Ranking Analysis: Autonomous Vehicle Market for Luxury Segment
14.2 Competitive Situation & Trends
14.3 New Product Development
14.4 Supply Contracts
14.5 Expansions
14.6 Merger & Acquisition and Joint Venture

15 Company Profiles
15.1 Original Equipment Manufacturers
15.1.1 Daimler
15.1.2 Audi
15.1.3 BMW
15.1.4 Nio
15.1.5 Porsche
15.1.6 Tesla
15.1.7 Faraday & Future
15.1.8 BYD
15.1.9 Changan Automobile
15.1.10 Saic Motor Corporation
15.1.11 Baidu
15.1.12 Baic Motor
15.1.13 Waymo
15.2 Tier 1 Suppliers
15.2.1 Robert Bosch
15.2.2 Continental
15.2.3 DENSO
15.2.4 Delphi Automotive
15.2.5 Infineon Technologies
15.2.6 NXP Semiconductors
15.2.7 Valeo
15.2.8 Texas Instruments
15.2.9 ZF Friedrichshafen
15.2.10 Magna International
15.2.11 Cisco Systems
15.2.12 Renesas Electronics

16 Appendix
16.1 Key Insights of Industry Experts
16.2 Discussion Guide
16.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
16.4 Available Customizations
16.5 Related Reports
16.6 Author Details

List of Tables

Table 1 Currency Exchange Rates (W.R.T USD)
Table 2 Automotive Application Features Related to Safety, Comfort, and Assistance
Table 3 Automated Driving Initiatives By Automakers
Table 4 Autonomous Vehicle Market for Luxury Segment, By Body Type, 2023–2030 (Units)
Table 5 Asia Pacific: Autonomous Vehicle Market for Luxury Segment, By Body Type,  2023–2030 (Units)
Table 6 China: Autonomous Vehicle Market for Luxury Segment, By Body Type,  2023–2030 (Units)
Table 7 Japan: Autonomous Vehicle Market for Luxury Segment, By Body Type,  2023–2030 (Units)
Table 8 South Korea: Autonomous Vehicle Market for Luxury Segment, By Body Type,  2023–2030 (Units)
Table 9 Europe: Autonomous Vehicle Market for Luxury Segment, By Body Type,  2023–2030 (Units)
Table 10 France: Autonomous Vehicle Market for Luxury Segment, By Body Type,  2023–2030 (Units)
Table 11 Germany: Autonomous Vehicle Market for Luxury Segment, By Body Type,  2023–2030 (Units)
Table 12 Italy: Autonomous Vehicle Market for Luxury Segment, By Body Type, 2023–2030 (Units)
Table 13 Spain: Autonomous Vehicle Market for Luxury Segment, By Body Type,  2023–2030 (Units)
Table 14 UK: Autonomous Vehicle Market for Luxury Segment, By Body Type, 2023–2030 (Units)
Table 15 North America: Autonomous Vehicle Market for Luxury Segment, By Body Type, 2023–2030 (Units)
Table 16 Canada: Autonomous Vehicle Market for Luxury Segment, By Body Type,  2023–2030 (Units)
Table 17 Mexico: Autonomous Vehicle Market for Luxury Segment, By Body Type,  2023–2030 (Units)
Table 18 US: Autonomous Vehicle Market for Luxury Segment, By Body Type, 2023–2030 (Units)
Table 19 Brazil: Autonomous Luxury Vehicles Market Size, By Body Type,  2023–2030 (Units)
Table 20 Russia: Autonomous Vehicle Market for Luxury Segment, By Body Type,  2023–2030 (Units)
Table 21 RoW: Autonomous Vehicle Market for Luxury Segment, By Body Type, 2023–2030 (Units)
Table 22 Autonomous Vehicle Market for Luxury Segment, By Fuel Type, 2023–2030 (Units)
Table 23 Battery Electric Vehicle: Autonomous Vehicle Market for Luxury Segment, By Region, 2023–2030 (Units)
Table 24 Hybrid Electric Vehicle: Autonomous Vehicle Market for Luxury Segment,  By Region, 2023–2030 (Units)
Table 25 Internal Combustion Engine: Autonomous Vehicle Market for Luxury Segment, By Region, 2023–2030 (Units)
Table 26 Fuel Cell Electric Vehicle: Autonomous Vehicle Market for Luxury Segment,  By Region, 2023–2030 (Units)
Table 27 Technological Superiority of Sensors in Automotive Applications
Table 28 Autonomous Luxury Vehicles Market Size, By Component, 2023–2030 (Units)
Table 29 Autonomous Luxury Vehicles Market Size, By Component,  2023–2030 (USD Thousand)
Table 30 Biometric Sensors: Autonomous Luxury Vehicles Market Size, By Region, 2023–2030 (Units)
Table 31 Biometric Sensors: Autonomous Luxury Vehicles Market Size, By Region, 2023–2030 (USD Thousand)
Table 32 Camera Unit: Autonomous Luxury Vehicles Market Size, By Region,  2023–2030 (Units)
Table 33 Camera Units: Autonomous Luxury Vehicles Market Size, By Region,  2023–2030 (USD Thousand)
Table 34 LiDAR Sensors: Autonomous Luxury Vehicles Market Size, By Region,  2023–2030 (Units)
Table 35 LiDAR Sensors: Autonomous Luxury Vehicles Market Size, By Region,  2023–2030 (USD Thousand)
Table 36 Radar Sensors: Autonomous Luxury Vehicles Market Size, By Region,  2023–2030 (Units)
Table 37 Radar Sensors: Autonomous Luxury Vehicles Market Size,  By Region, 2023–2030 (USD Thousand)
Table 38 Ultrasonic Sensors: Autonomous Luxury Vehicles Market Size, By Region, 2023–2030 (Units)
Table 39 Ultrasonic Sensors: Autonomous Luxury Vehicles Market Size, By Region, 2023–2030 (USD Thousand)
Table 40 Autonomous Vehicle Market for Luxury Segment (Optimistic), By Region  2023–2030 (Units)
Table 41 Autonomous Vehicle Market for Luxury Segment (Most Likely), By Region  2023–2030 (Units)
Table 42 Autonomous Vehicle Market for Luxury Segment (Pessimistic), By Region  2023–2030 (Units)
Table 43 Car Sharing: Autonomous Vehicle Market for Luxury Segment (Optimistic),  By Region 2023–2030 (Units)
Table 44 Car Sharing: Autonomous Vehicle Market for Luxury Segment (Most Likely), By Region  2023–2030 (Units)
Table 45 Car Sharing: Autonomous Vehicle Market for Luxury Segment (Pessimistic), By Region  2023–2030 (Units)
Table 46 Global Autonomous Vehicle Market for Luxury Segment, By End-User, 2023–2030 (Units)
Table 47 OEM Investment in Mobility Services
Table 48 Asia Pacific: Autonomous Vehicle Market for Luxury Segment, By End-User,  2023–2030 (Units)
Table 49 Europe: Autonomous Vehicle Market for Luxury Segment, By End-User, 2023–2030 (Units)
Table 50 North America: Autonomous Vehicle Market for Luxury Segment, By End-User,  2023–2030 (Units)
Table 51 RoW: Autonomous Vehicle Market for Luxury Segment, By End-User, 2023–2030 (Units)
Table 52 Global Autonomous Vehicle Market for Luxury Segment,  By Region, 2023–2030 (Units)
Table 53 Asia Pacific: Autonomous Vehicle Market for Luxury Segment, By Country,  2023–2030 (Units)
Table 54 Asia Pacific: Autonomous Vehicle Market for Luxury Segment, By Fuel Type,  2023–2030 (Units)
Table 55 Europe: Autonomous Vehicle Market for Luxury Segment, By Country, 2023–2030 (Units)
Table 56 Europe: Autonomous Vehicle Market for Luxury Segment, By Fuel Type, 2023–2030 (Units)
Table 57 North America: Autonomous Vehicle Market for Luxury Segment, By Country,  2023–2030 (Units)
Table 58 North America: Autonomous Vehicle Market for Luxury Segment, By Fuel Type,  2023–2030 (Units)
Table 59 RoW: Autonomous Vehicle Market for Luxury Segment, By Country, 2023–2030 (Units)
Table 60 RoW: Autonomous Vehicle Market for Luxury Segment, By Fuel Type, 2023–2030 (Units)
Table 61 Autonomous Vehicle Market for Luxury Segment Ranking: 2016
Table 62 New Product Development, 2016–2017
Table 63 Supply Contracts/Joint Ventures/Collaborations/Partnerships, 2017
Table 64 Expansions, 2014–2017
Table 65 Mergers & Acquisitions, 2015–2017

List of Figures

Figure 1 Research Design
Figure 2 Research Methodology Model
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation,  & Region
Figure 4 Average Traffic Congestion, 2015
Figure 5 Urban Population, 2000 vs 2016
Figure 6 Autonomous Vehicle Market for Luxury Segment Size Estimation Methodology: Top-Down Approach
Figure 7 Autonomous Vehicle Market for Luxury Segment, By End-User: Top-Down Approach
Figure 8 Key Countries of Autonomous Vehicle Market for Luxury Segment: US is Projected to Be the Largest Market, 2025–2030 (Units)
Figure 9 Autonomous Vehicle Market for Luxury Segment, By Component: LiDAR is Projected to Be the Largest Market, in Terms of Value (2025–2030)
Figure 10 Autonomous Vehicle Market for Luxury Segment Outlook, By Region: Europe is Projected to Register the Highest Market Growth, in Terms of Volume (2025–2030)
Figure 11 Autonomous Vehicle Market for Luxury Segment Outlook, By Body Type: Sedan/Hatchback Segment to Dominate the Market, in Terms of Volume (2025–2030)
Figure 12 Autonomous Vehicle Market for Luxury Segment Outlook, By Fuel Type: BEV Segment to Lead the Market, in Terms of Volume (2025–2030)
Figure 13 Autonomous Vehicle Market for Luxury Segment Outlook, By End-User: Car Sharing to Lead the Market, in Terms of Volume (2025–2030)
Figure 14 Growing Opportunities in Autonomous Vehicle Market for Luxury Segment, 2025–2030
Figure 15 North America is Projected to Hold the Largest Market Share,  2025–2030
Figure 16 Sedan/Hatchback Segment Projected to Hold the Largest Market Share, 2025–2030
Figure 17 BEV to Hold the Largest Market Share, 2025–2030
Figure 18 Car Sharing to Hold the Largest Market Share, 2025–2030
Figure 19 Ultrasonic Sensors to Hold the Largest Market Share, 2025–2030
Figure 20 Autonomous Luxuey Vehicle Market: Market Dynamics
Figure 21 Road Traffic Death Rates, Per 1,00,000 Population, 2015
Figure 22 World’s Petroleum Consumption, Quad Btu, 1980-2014
Figure 23 Consumers’ Preference for Shared Self Driving Taxi
Figure 24 LiDAR Integration in Vehicle
Figure 25 US: Rising GNI Per Capita Expected to Drive the Market for Autonomous Luxury Vehicles During the Forecast Period
Figure 26 Germany: Domestic Demand Expected to Drive the Autonomous Vehicle Market for Luxury Segment
Figure 27 UK: Increasing Luxury Vehicle Production is Expected to Drive the Autonomous Vehicle Market for Luxury Segment
Figure 28 Autonomous Vehicle Market for Luxury Segment, By Body Type, 2025 vs 2030 (Units)
Figure 29 Autonomous Vehicle Market for Luxury Segment, By Fuel Type, 2025 vs 2030 (Units)
Figure 30 Autonomous Luxury Vehicles Market, By Component,  2025 vs 2030 (USD Thousand)
Figure 31 Banned Countries for Private and Commercial Use of Radar Detectors and Sensors
Figure 32 Global Autonomous Vehicle Market for Luxury Segment, Future Trends & Scenario (2023—2030)
Figure 33 Autonomous Vehicle Market for Luxury Segment (Optimistic), By Region, 2025 vs 2030 (Units)
Figure 34 Autonomous Vehicle Market for Luxury Segment (Most Likely), By Region 2025 vs 2030 (Units)
Figure 35 Autonomous Vehicle Market for Luxury Segment (Pessimistic), By Region  2025 vs 2030 (Units)
Figure 36 Global Autonomous Vehicle Market for Luxury Segment, By Future Trends & Scenario, By Car Sharing (2023-2030)
Figure 37 Average Traffic Congestion, 2015
Figure 38 Autonomous Vehicle Market for Luxury Segment, By End-User, 2025 vs 2030 (Units)
Figure 39 Europe to Be the Fastest Growing Region for Autonomous Luxury Vehicles During the Forecast Period (2025–2030)
Figure 40 China to Account for the Largest Market Share in the Asia Pacific Region for Autonomous Luxury Vehicle, 2025 vs 2030
Figure 41 Europe: Autonomous Vehicle Market for Luxury Segment Snapshot
Figure 42 North America: Autonomous Vehicle Market for Luxury Segment Snapshot
Figure 43 Companies Adopted New Development as the Key Growth Strategy From 2014 to 2017
Figure 44 Battle for Market Share: New Product Development Was the Key Strategy
Figure 45 Daimler: Company Snapshot
Figure 46 Audi: Company Snapshot
Figure 47 BMW: Company Snapshot
Figure 48 Porsche: Company Snapshot
Figure 49 Tesla: Company Snapshot
Figure 50 BYD: Company Snapshot
Figure 51 Changan Automobile: Company Snapshot
Figure 52 Saic Motor Corporation: Company Snapshot
Figure 53 Baidu: Company Snapshot
Figure 54 Baic Motor: Company Snapshot
Figure 55 Robert Bosch: Company Snapshot
Figure 56 Continental: Company Snapshot
Figure 57 DENSO: Company Snapshot
Figure 58 Delphi Automotive: Company Snapshot
Figure 59 Infineon Technologies: Company Snapshot
Figure 60 NXP Semiconductors: Company Snapshot
Figure 61 Valeo: Company Snapshot
Figure 62 Texas Instruments: Company Snapshot
Figure 63 ZF Friedrichshafen: Company Snapshot
Figure 64 Magna International: Company Snapshot
Figure 65 Cisco Systems: Company Snapshot
Figure 66 Renesas Electronics: Company Snapshot

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