Press Release

Passenger Cars to Continue Dominating APAC Semi & Fully Autonomous Vehicle Market through 2023

Favorable government initiatives, rising number of technological developments coupled with increasing focus on minimizing incidences of road accidents to drive Asia-Pacific semi & fully autonomous vehicle market through 2023

According to TechSci Research report, Asia-Pacific Semi & Fully Autonomous Vehicle Market By Automation Level, By Component, By Vehicle Type, By Country, Competition Forecast & Opportunities, 2030”, Asia-Pacific semi & fully autonomous vehicles market is projected to cross $ 16 billion by 2030 on the back of increasing government support towards the concept of autonomous vehicles coupled with growing need for safer vehicles in several countries across the region. Additionally, with rising cases of road accidents there is a growing need for safer vehicles, and autonomous vehicles are expected to reduce the risk of collisions on roads, which is anticipated to buoy the region’s autonomous vehicles market over the next five years.

Browse 32 market data Tables and 36 Figures spread through 91 Pages and an in-depth TOC on "Asia-Pacific Semi & Fully Autonomous Vehicle Market"

In 2016, Asia-Pacific semi & fully autonomous vehicle market was dominated by vehicles enabled with Level-1 or function specific automation, followed by L0 and L2 segments. Among components, embedded systems dominate Asia-Pacific semi & fully autonomous vehicle market, on account of advanced level of security provided by them. A large demand for autonomous vehicles emanates from China owing to the country’s extensive push towards autonomous vehicles and undisputed support by the country’s government.

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Several autonomous vehicle manufacturers are focusing on enhancing their product offerings to gather more customer attention towards their vehicles in the region owing to the vast potential APAC offers. “Major car manufacturers as well as technology giants are expanding their research and development efforts in order to develop more efficient and safer autonomous vehicles. which is expected to augment demand for autonomous vehicles across the region in the coming years. Rising inclination towards autonomous vehicles on account of them being safer than the conventional vehicles is likely to aid the growth of Asia-Pacific semi & fully autonomous vehicle market in the coming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Asia-Pacific Semi & Fully Autonomous Vehicle Market By Automation Level, By Component, By Vehicle Type, By Country, Competition Forecast & Opportunities, 2030 has analyzed the potential of autonomous vehicle market across the region, and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by Asia-Pacific semi & fully autonomous vehicle market.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.


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