Europe Autonomous Car Market Outlook
The European autonomous car market registered the highest volumetric growth in Germany during the past few years, as per the findings of the market research firm, P&S Intelligence.
The main reason promoting the deployment of autonomous cars in this region is the presence of favorable laws for the adoption of autonomous cars in many European countries. The policies pertaining to the intellectual property, product liability, corporate /M&A transactions, and cybersecurity in several European countries are very favorable for the development and sales of autonomous cars.
The regulatory policy recently implemented in Spain is the biggest example of such favorable policies related to autonomous vehicles. The Directorate General of Traffic (DGT) collaborated with Mobileye in 2017 for preparing an infrastructure ecosystem and favorable regulatory policy in the country for autonomous vehicles. The DGT encourages the adoption of all autonomous cars up to level 5 in the country. And this new amendment allows drivers to transfer driving control to an autonomous vehicle.
Europe Autonomous Car Market Size
The other major factor fueling the demand for autonomous cars in Europe is the increasing customer preference for cars equipped with advanced safety systems and features.
In terms of vehicle autonomy, the autonomous cars are divided into fully autonomous and semi-autonomous cars. However this trend will not last long and the adoption of fully autonomous vehicles will increase rapidly in Europe in the future years. This is mainly attributed to the rapid development of fully autonomous vehicles in the region. Furthermore, the utilization of level 5 and level 4 autonomous vehicles in car sharing services in various European nations is swiftly pushing up the sales of these cars in the region.
Europe Autonomous Car Market Trends
Based on application, the European autonomous car market is classified into commercial and personal vehicles. Between these the commercial category is expected to record the highest growth in the market in the upcoming years. This is credited to the rising adoption of fully autonomous cars in ride sharing services and the utilization of robotaxis in ride-hailing services in many European countries. Further, the increasing availability of autonomous cars in sharing services is making people prefer these ride-sharing services over the personal ownership of these vehicles for travelling purposes.
Globally, the European autonomous car market registered the highest volumetric growth in Germany during the past few years. As per the findings of the market research firm P&S Intelligence. This is ascribed to the existence of prominent OEMs in the country such as Volkswagen AG, Tesla Inc. BMW and the subsequent launch of new and advanced models having higher automation features. These vehicles are equipped with various advanced driver assistance systems (ADASs) such as smart park assist, anti-lock braking, and blind spot detection systems, which make them highly sought after amongst customers.
Market Insights
Thus, it can be safely said that the sales of autonomous vehicles will climb in Europe in the upcoming years. Mainly because of the increasing implementation of favorable government policies in the European countries. The burgeoning customer demand for advanced vehicles equipped with enhanced safety systems and possessing self-driving features.
The research offers market size of the European autonomous car market for the period 2014–2030.
EUROPE AUTONOMOUS CAR MARKET SEGMENTATION
By Vehicle Autonomy
- Semi-Autonomous Car
- Level 1
- Level 2
- Level 3
- Fully Autonomous Car
- Level 4
- Level 5
Vehicle Type
- Internal Combustion Engine (ICE)
- Hybrid Electric Vehicle (HEV)
- Battery Electric Vehicle (BEV)
Application
- Personal
- Commercial
Country
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
Chapter 1. Research Background
1.1 Research Objectives
1.2 Industry Definition
1.3 Research Scope
1.3.1 Industry Segmentation by Vehicle Autonomy
1.3.2 Industry Segmentation by Vehicle Type
1.3.3 Industry Segmentation by Application
1.3.4 Industry Segmentation by Country
1.3.5 Analysis Period
1.3.6 Industry Data Reporting Unit
1.3.6.1 Volume
1.3.6.2 Value
1.4 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
2.2.1.1 By country
2.2.1.2 By industry participant
2.2.1.3 By company type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Vehicle Autonomy
4.1.1.1 Semi-autonomous car
4.1.1.1.1 Level 1
4.1.1.1.2 Level 2
4.1.1.1.3 Level 3
4.1.1.2 Fully autonomous car
4.1.1.2.1 Level 4
4.1.1.2.2 Level 5
4.1.2 By Vehicle Type
4.1.2.1 ICE
4.1.2.2 HEV
4.1.2.3 BEV
4.1.3 By Application
4.1.3.1 Personal
4.1.3.2 Commercial
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends
4.3.1.1 Increasing investments in the autonomous car market
4.3.1.2 Increasing number of partnerships
4.3.1.3 Integration of AI in autonomous cars
4.3.2 Drivers
4.3.2.1 Government support for the deployment of autonomous cars
4.3.2.2 Need for an efficient and safe driving option
4.3.2.3 Evolution in connected car technologies
4.3.2.4 Impact analysis of drivers on market forecast
4.3.3 Restraints
4.3.3.1 Vulnerability to hacking and other cyber attacks
4.3.3.2 Higher cost of manufacturing
4.3.3.3 People’s apprehensions toward autonomous cars
4.3.3.4 Impact analysis of restraints on market forecast
4.3.4 Opportunities
4.3.4.2 Autonomous vehicles as a means of public mobility service
4.4 Porter’s Five Forces Analysis
4.4.1 Bargaining Power of Buyers
4.4.2 Bargaining Power of Suppliers
4.4.3 Intensity of Rivalry
4.4.4 Threat of New Entrants
4.4.5 Threat of Substitutes
4.5 Pilot Projects in Europe
Chapter 5. Regulatory Framework for Autonomous Vehicles
5.1 Germany
5.2 U.K.
5.3 France
5.4 Netherlands
5.5 Sweden
5.6 Spain
Chapter 6. Europe Market Size and Forecast
6.1 By Vehicle Autonomy
6.1.1 Semi-Autonomous Car Market, by Automation Level
6.1.2 Fully Autonomous Car Market, by Automation Level
6.2 By Vehicle Type
6.3 By Application
6.4 By Country
Chapter 7. Germany Market Size and Forecast
7.1 By Vehicle Autonomy
7.1.1 Semi-Autonomous Car Market, by Automation Level
7.1.2 Fully Autonomous Car Market, by Automation Level
7.2 By Vehicle Type
7.3 By Application
Chapter 8. U.K. Market Size and Forecast
8.1 By Vehicle Autonomy
8.1.1 Semi-Autonomous Car Market, by Automation Level
8.1.2 Fully Autonomous Car Market, by Automation Level
8.2 By Vehicle Type
8.3 By Application
Chapter 9. France Market Size and Forecast
9.1 By Vehicle Autonomy
9.1.1 Semi-Autonomous Car Market, by Automation Level
9.1.2 Fully Autonomous Car Market, by Automation Level
9.2 By Vehicle Type
9.3 By Application
Chapter 10. Competitive Landscape
10.1 Market Share Analysis of Key Players
10.2 Competitive Benchmarking of OEMs
10.3 Competitive Benchmarking of Component Manufacturers
10.4 Strategic Developments of Key Players
10.4.1 Product Launches
10.4.2 Partnerships
10.4.3 Mergers and Acquisitions
10.4.4 Other Developments
Chapter 11. Company Profiles of OEMS
11.1 Volkswagen Group
11.1.1 Business Overview
11.1.2 Product and Service Offerings
11.1.3 Key Financial Summary
11.1.4 SWOT Analysis
11.2 Tesla Inc.
11.2.1 Business Overview
11.2.2 Product and Service Offerings
11.2.3 Key Financial Summary
11.2.4 SWOT Analysis
11.3 Daimler AG
11.3.1 Business Overview
11.3.2 Product and Service Offerings
11.3.3 Key Financial Summary
11.3.4 SWOT Analysis
11.4 BMW Group
11.4.1 Business Overview
11.4.2 Product and Service Offerings
11.4.3 Key Financial Summary
11.4.4 SWOT Analysis
11.5 General Motors Company
11.5.1 Business Overview
11.5.2 Product and Service Offerings
11.5.3 Key Financial Summary
11.5.4 SWOT Analysis
11.6 Fiat Chrysler Automobiles N.V.
11.6.1 Business Overview
11.6.2 Product and Service Offerings
11.6.3 Key Financial Summary
11.6.4 SWOT Analysis
11.7 Ford Motor Company
11.7.1 Business Overview
11.7.2 Product and Service Offerings
11.7.3 Key Financial Summary
11.7.4 SWOT Analysis
11.8 Toyota Motor Corporation
11.8.1 Business Overview
11.8.2 Product and Service Offerings
11.8.3 Key Financial Summary
11.8.4 SWOT Analysis
11.9 Honda Motor Company Limited
11.9.1 Business Overview
11.9.2 Product and Service Offerings
11.9.3 Key Financial Summary
11.9.4 SWOT Analysis
11.10 Hyundai Motor Company
11.10.1 Business Overview
11.10.2 Product and Service Offerings
11.10.3 Key Financial Summary
11.10.4 SWOT Analysis
Chapter 12. Company Profiles of Suppliers
12.1 Robert Bosch GmbH
12.1.1 Business Overview
12.1.2 Product and Service Offerings
12.1.3 Key Financial Summary
12.1.4 SWOT Analysis
12.2 Continental AG
12.2.1 Business Overview
12.2.2 Product and Service Offerings
12.2.3 Key Financial Summary
12.2.4 SWOT Analysis
12.3 DENSO Corporation
12.3.1 Business Overview
12.3.2 Product and Service Offerings
12.3.3 Key Financial Summary
12.3.4 SWOT Analysis
12.4 Aptiv PLC
12.4.1 Business Overview
12.4.2 Product and Service Offerings
12.4.3 Key Financial Summary
12.4.4 SWOT Analysis
12.5 Infineon Technologies AG
12.5.1 Business Overview
12.5.2 Product and Service Offerings
12.5.3 Key Financial Summary
12.5.4 SWOT Analysis
P&S Intelligence
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