Report Description

Forecast Period

2025-2029

Market Size (2023)

USD 14.86 Billion

CAGR (2024-2029)

10.87%

Fastest Growing Segment

Passenger Car

Largest Market

China

Market Size (2029)

USD 27.59 Billion

Market Overview

Asia-Pacific Semi & Fully Autonomous Vehicle Market has valued at USD 14.86 Billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 10.87% throughout 2029. The Asia-Pacific region is rapidly emerging as a vibrant and lucrative market for semi and fully autonomous vehicles. This growth is being fueled by robust technological advancements, such as artificial intelligence and sensor technologies, which are driving the development of innovative autonomous driving solutions. Additionally, the rising disposable income in the region has led to increased consumer demand for luxurious and technologically advanced vehicles. Extensive government support for smart and sustainable transportation solutions has played a crucial role in fostering the growth of the autonomous vehicle market in the Asia-Pacific region. Governments in countries like China, Japan, and South Korea are investing heavily in research and development, as well as infrastructure, to support the deployment and adoption of autonomous driving technologies. This strong commitment to innovation has positioned these countries at the forefront of the autonomous vehicle revolution.

The increasing consumer interest and acceptance of autonomous vehicles in the region are propelling the market growth. As people become more familiar with the benefits of autonomous driving, such as improved safety, reduced traffic congestion, and enhanced convenience, the demand for these vehicles is expected to surge. However, it is important to acknowledge that the Asia-Pacific region also faces challenges in the adoption of autonomous vehicles. Regulatory ambiguities and concerns regarding cybersecurity are key considerations that need to be addressed to ensure the safe and responsible deployment of autonomous driving technologies.

Despite these challenges, the Asia-Pacific semi & fully autonomous vehicle market exhibits promising potential for significant growth in the coming years. With ongoing technological advancements, supportive government policies, and increasing consumer interest, the region is poised to become a hotbed for autonomous vehicle innovation and adoption.           

Key Market Drivers

Government Support and Regulation

Governments across the Asia-Pacific region are actively supporting the development and deployment of autonomous vehicles through regulatory frameworks and policy initiatives. Many countries have established guidelines and standards to ensure the safe testing and operation of autonomous vehicles on public roads. For example, Japan, South Korea, and Singapore have created designated zones and testbeds for autonomous vehicle trials. These regulatory measures provide a clear path for manufacturers and technology companies to develop and showcase their autonomous technologies, fostering innovation and market growth. For Instance, Japan, the world's third-largest auto manufacturing industry by volume, serves as a prime example. Japan's Road Transport Vehicle Act and Road Traffic Act have recently been updated to include AV safety provisions. The Republic of Korea is the world’s seventh largest automobile manufacturing economy by volume and also provides an excellent example. In 2019, the Ministry of Land, Infrastructure, and Transport (MOLIT) released new safety guidelines for autonomous vehicles.


Safety and Reduced Accidents

One of the primary drivers of autonomous vehicles in the Asia-Pacific region is the potential to significantly enhance road safety. With a high rate of road accidents and fatalities in many countries, autonomous vehicles offer the promise of reducing human error, which is a leading cause of accidents. Advanced sensors, artificial intelligence, and real-time data analysis enable autonomous vehicles to make split-second decisions and respond to changing road conditions, potentially saving lives and reducing the economic impact of accidents. The alarming increase in road accidents, fatalities, and injuries reported in the "Annual Report on Road Accidents in India-2022" published by the Ministry of Road Transport and Highways serves as a significant driver for the Asia-Pacific Semi & Fully Autonomous Vehicle Market. With 4,61,312 road accidents resulting in 1,68,491 deaths and 4,43,366 injuries in 2022, marking an 11.9% rise in accidents, a 9.4% rise in fatalities, and a 15.3% rise in injuries compared to the previous year, there is a pressing need for enhanced road safety measures. The stark statistics underscore the critical need for advanced vehicle technologies to mitigate human error, which is a leading cause of road accidents. Semi-autonomous (Level 2) and fully autonomous vehicles offer promising solutions by incorporating advanced driver assistance systems (ADAS) and autonomous driving capabilities. These technologies can significantly reduce the likelihood of accidents through features such as automatic emergency braking, lane-keeping assistance, and adaptive cruise control. The report's findings highlight the urgency for adopting such innovations to enhance road safety, making it a strong impetus for the growth of the semi & fully autonomous vehicle market in the Asia-Pacific region. This drive towards safer roads is likely to accelerate the development and adoption of autonomous vehicle technologies, promoting a safer and more efficient transportation ecosystem.

Traffic Congestion and Urbanization

Asia-Pacific is home to some of the world's most densely populated cities, leading to severe traffic congestion and air pollution. Autonomous vehicles have the potential to address these urban mobility challenges by optimizing traffic flow, reducing congestion, and improving the overall efficiency of transportation systems. For Instance, Jakarta's traffic congestion worsened in 2023 despite a slight improvement in its global ranking, as the average Jakartan spent 10 hours and 21 minutes more in rush hour traffic compared to 2022.  Self-driving vehicles can communicate with each other and traffic infrastructure, leading to smoother traffic patterns and reduced travel times. This is particularly important as urbanization continues to accelerate in the region.

Technological Advancements

Asia-Pacific is a hub for technological innovation, with leading companies investing heavily in autonomous vehicle research and development. Advances in sensor technology, machine learning, and artificial intelligence are driving the development of autonomous vehicles with improved capabilities. Additionally, local startups and global technology giants are collaborating on autonomous vehicle projects, leading to the rapid advancement of self-driving technology and contributing to market growth.

Ride-Hailing and Mobility Services

The rise of ride-hailing services and shared mobility platforms in the Asia-Pacific region has created a strong demand for autonomous vehicles. Companies like Uber, Didi Chuxing, and Grab are exploring autonomous ride-hailing services as a way to reduce labor costs and improve service reliability. This trend is expected to drive the adoption of autonomous vehicles, as these platforms seek to integrate self-driving cars into their fleets, providing passengers with more convenient and cost-effective transportation options.

Environmental Sustainability

Environmental concerns are driving the adoption of electric and autonomous vehicles in Asia-Pacific. Many countries in the region are setting ambitious targets for reducing greenhouse gas emissions and improving air quality. Autonomous electric vehicles (EVs) are seen as a sustainable solution to achieve these goals. The combination of autonomy and electrification can lead to reduced emissions, as autonomous EVs can optimize routes and energy consumption. Governments are providing incentives and subsidies to promote the adoption of electric and autonomous vehicles as part of their environmental policies.  


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Key Market Challenges

Technological Complexity and Reliability

Developing the advanced technology required for semi and fully autonomous vehicles is a formidable challenge. Autonomous vehicles rely on a complex array of sensors, cameras, radar, Lidar, and advanced artificial intelligence algorithms to navigate and make real-time decisions. Ensuring the reliability and safety of these systems is critical. Moreover, autonomous vehicles must be capable of operating under various weather conditions, road scenarios, and in environments with different levels of infrastructure and connectivity. Achieving the necessary level of technological maturity and robustness is a significant hurdle for the industry.

Regulatory Frameworks and Standards

Establishing comprehensive and harmonized regulatory frameworks and standards for autonomous vehicles is a challenge that spans multiple countries and regions within the Asia-Pacific. Each country may have its own set of rules and standards, making it difficult for manufacturers to navigate the regulatory landscape. Ensuring the safety, liability, and certification of autonomous vehicles requires close collaboration between governments, industry stakeholders, and international organizations. Achieving regulatory alignment and providing a clear path to compliance is crucial for the successful deployment of autonomous vehicles.

Infrastructure Readiness

The widespread adoption of autonomous vehicles depends on the readiness of existing infrastructure. Autonomous vehicles require accurate and up-to-date mapping data, robust communication networks, and intelligent transportation systems (ITS) to function optimally. In many parts of the Asia-Pacific, road infrastructure may not be adequately maintained or equipped to support autonomous driving. Developing the necessary infrastructure and ensuring connectivity in both urban and rural areas is a significant challenge. Additionally, accommodating autonomous vehicles may require dedicated lanes, signage, and traffic management systems, which further complicates infrastructure planning.

Safety and Liability Concerns

Safety remains a paramount concern in the development and deployment of autonomous vehicles. While the technology has the potential to reduce accidents caused by human error, it also introduces new safety challenges, such as determining liability in the event of accidents or malfunctions. Establishing a clear framework for liability, insurance, and accident investigation is essential. Ensuring that autonomous vehicles can communicate with each other and with infrastructure to prevent collisions and ensure safe operation is also a critical challenge.

Public Acceptance and Trust

Gaining public acceptance and trust in autonomous vehicles is an ongoing challenge. Many people have reservations about relinquishing control to self-driving vehicles and may be concerned about the safety and reliability of the technology. Addressing these concerns requires extensive public education and awareness campaigns, as well as transparency in the development and testing of autonomous systems. Proving the safety and benefits of autonomous vehicles through rigorous testing and real-world deployments is crucial for building trust among consumers and stakeholders.

Cybersecurity and Data Privacy

Autonomous vehicles are highly reliant on data and connectivity, which makes them vulnerable to cybersecurity threats. Ensuring the security of autonomous vehicle systems and protecting sensitive data from cyberattacks is a significant challenge. The potential consequences of a cyber breach in an autonomous vehicle are grave, as it could compromise safety and privacy. Implementing robust cybersecurity measures, encryption, and secure communication protocols is imperative. Additionally, addressing data privacy concerns related to the collection and use of passenger and vehicle data is an ongoing challenge, especially in the context of data regulations and consent.  

Key Market Trends

Rapid Advancements in Autonomous Technology

The Asia-Pacific region is witnessing rapid advancements in autonomous vehicle technology. Companies, both domestic and international, are heavily investing in research and development to enhance the capabilities of autonomous vehicles. This includes improvements in sensor technologies, artificial intelligence, machine learning, and real-time data analysis. These advancements are paving the way for higher levels of autonomy, increased safety, and improved navigation in complex urban environments. As technology continues to evolve, Asia-Pacific countries are positioning themselves as leaders in autonomous vehicle innovation.

Diverse Range of Mobility Services

Beyond private ownership, the Asia-Pacific region is witnessing a proliferation of autonomous mobility services. Ride-hailing platforms, delivery services, and autonomous shuttles are becoming increasingly common. Companies like Didi Chuxing, Baidu, and Grab are testing and deploying autonomous ride-hailing services in select cities. Moreover, autonomous delivery vehicles are being used for last-mile logistics, providing convenient and efficient solutions for e-commerce companies. The rise of these diverse mobility services is transforming the transportation landscape in the region.

Urbanization and Smart Cities

The trend toward urbanization in Asia-Pacific is driving the development of smart cities and the adoption of autonomous vehicles. Many governments in the region are investing in smart infrastructure and transportation systems to improve urban mobility. Autonomous vehicles are seen as a key component of these smart city initiatives. They have the potential to reduce traffic congestion, enhance transportation efficiency, and improve overall quality of life in densely populated urban areas. As Asia-Pacific cities continue to grow, the integration of autonomous vehicles into smart city ecosystems is expected to accelerate.

Collaborations and Partnerships

Collaboration and partnerships between automotive manufacturers, technology companies, and governments are becoming increasingly common in the Asia-Pacific autonomous vehicle market. Automotive giants like Toyota, Honda, and Hyundai are partnering with technology companies to leverage their expertise in autonomous technology. Governments are also collaborating with private sector stakeholders to create testing environments and regulatory frameworks that support autonomous vehicle development and deployment. These partnerships are critical for pooling resources, knowledge, and expertise to accelerate the growth of the autonomous vehicle market.

Focus on Electric and Hybrid Autonomous Vehicles

The Asia-Pacific region is showing a strong focus on electric and hybrid autonomous vehicles as part of broader sustainability efforts. Electric autonomous vehicles are seen as a way to reduce emissions and combat air pollution in densely populated cities. In 2024, BYD, a Chinese automaker, has unveiled a new hybrid powertrain that can travel over 2,000 kilometers without recharging or refueling, surpassing the capabilities of its rivals like Toyota and Volkswagen. This technology will be launched in two affordable sedans, showcasing BYD's advancements in reducing fuel consumption and its dominance in the Chinese hybrid market. The company's efforts to solve range anxiety and make vehicles more environmentally friendly align with the global industry trend. Countries like China, Japan, and South Korea are promoting electric and hybrid vehicle adoption through incentives, charging infrastructure development, and regulatory measures. As a result, many autonomous vehicle projects in the region are incorporating electric or hybrid propulsion systems to align with environmental goals.

AI-Powered Autonomous Features in Conventional Vehicles

Another notable trend is the integration of AI-powered autonomous features into conventional vehicles. This includes advanced driver-assistance systems (ADAS) that offer features such as adaptive cruise control, lane-keeping assistance, and automated parking. These features are increasingly common in new vehicles and serve as stepping stones toward fully autonomous driving. Consumers are showing a growing interest in vehicles equipped with ADAS, which provide enhanced safety and convenience. The adoption of these features is expected to continue as automakers prioritize safety and autonomy.   

Segmental Insights

Automation Level Insights

The Asia-Pacific vehicle market is experiencing remarkable growth in the field of semi and fully autonomous vehicles. The rapid evolution of automation technologies, such as advanced driver-assistance systems (ADAS) and artificial intelligence (AI), is the key driving force behind this expansion. These technologies enhance vehicle safety, improve driving experiences, and pave the way for a future of efficient and sustainable transportation. In the Asia-Pacific Semi & Fully Autonomous Vehicle Market, Level 2 (L2) automation is the dominant segment. This level of automation, also known as partial automation, involves advanced driver assistance systems (ADAS) that can control both steering and acceleration/deceleration but still require human drivers to remain engaged and monitor the driving environment.  Rapid developments in sensor technologies, machine learning, and artificial intelligence have made L2 systems more reliable and affordable. There is a growing acceptance of ADAS features among consumers in the Asia-Pacific region, driven by the desire for enhanced safety and convenience. Governments in countries like China, Japan, and South Korea are promoting the adoption of ADAS technologies to improve road safety, which encourages the integration of L2 features in new vehicles. L2 systems strike a balance between advanced functionality and cost, making them a more attractive option for both manufacturers and consumers compared to higher levels of automation (L3-L5), which are still in development stages and face regulatory and infrastructural challenges. These factors collectively make L2 the dominant segment in the Asia-Pacific semi & fully autonomous vehicle market.




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Regional Insights

The Asia-Pacific region is witnessing a remarkable surge in the Semi & Fully Autonomous Vehicle market. This growth can be attributed to various factors, including rapid urbanization, which has led to increased demand for efficient and convenient transportation solutions. Moreover, the growing public interest in autonomous driving technology has also played a significant role in driving the market forward. China is the dominant segment of the Asia-Pacific Semi & Fully Autonomous Vehicle Market due to several pivotal factors. Firstly, China has a robust automotive industry and is the world's largest automotive market, providing a substantial base for the adoption of semi and fully autonomous vehicles. The government's strong support through favorable policies, funding, and infrastructure development plays a crucial role. Initiatives such as the "Made in China 2025" strategy aim to advance the country's technological capabilities, including autonomous driving. China boasts significant advancements in technology and innovation, particularly in artificial intelligence, 5G networks, and electric vehicles, which are essential for autonomous driving systems. The presence of leading tech companies like Baidu, Tencent, and Alibaba, alongside automotive giants like Geely and BYD, drives innovation and development in autonomous vehicle technology. China's urbanization and smart city projects further enhance the deployment of autonomous vehicles, with cities like Beijing, Shanghai, and Shenzhen serving as testbeds for autonomous driving technology. Additionally, the Chinese consumer market is increasingly receptive to new technologies, accelerating the adoption rate. Overall, these factors collectively position China as the dominant force in the Asia-Pacific Semi & Fully Autonomous Vehicle Market, spearheading growth and innovation in the sector.    

Recent Developments

  • In 2024, Baidu launched of its sixth-generation self-driving taxi in China, the RT6, at its Apollo Day event in Wuhan. The vehicle, made by strategic partner Jiangling Motors, is expected to be deployed in Wuhan alone by the end of 2024. The all-electric model, which measures 15.7 feet long, is equipped with computing units with up to 1200 TOPS and sensors like lidar and cameras. The RT6 can be driven autonomously without a human safety monitor, and can easily swap batteries. The cost of the RT6 is around 200,000 yuan (USD 27,700). Wuhan has become a key hub for self-driving taxis, operating hundreds across 3000 square kilometers and launching a service between the local airport and urban center.
  • In 2024, Chinese self-driving company WeRide has launched Singapore's first fully autonomous, Level 4 passenger bus service, the Robobus. Operating from the Equarius Hotel at Resorts World Sentosa, the bus travels along a 0.7-mile route connecting hotels via four stops. The route takes around 12 minutes and includes a human safety monitor for passengers. The Robobus, which has 360-degree sensing capability, has no blind spots and a 200-meter range of obstacle detection. It can operate under various weather conditions and has been granted Singapore's M1 and T1 public road licenses in December.

Key Market Players

  • Uber Technologies Inc.
  • Daimler Truck AG
  • Waymo LLC
  • Toyota Motor Corporation
  • Nissan Motor Corporation
  • AB Volvo
  • General Motors Company
  • Volkswagen AG
  • Tesla Inc.
  • BMW AG

By Automation Level

By Vehicle Type

By Component

By Country

  • L0
  • L1
  • L2
  • L3
  • L4
  • L5
  • Passenger Car
  • Commercial Vehicle
  • Embedded System
  • Camera
  • others
  • China
  • India
  • Japan
  • Indonesia
  • Thailand
  • South Korea
  • Australia

 

Report Scope:

In this report, the Asia-Pacific Semi & Fully Autonomous Vehicle Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Semi & Fully Autonomous Vehicle Market, By Automation Level:   

o   L0

o   L1

o   L2

o   L3

o   L4

o   L5

  • Semi & Fully Autonomous Vehicle Market, By Vehicle Type: 

o   Passenger Car

o   Commercial Vehicle

  • Semi & Fully Autonomous Vehicle Market, By Component:  

o   Embedded System

o   Camera

o   others

  • Semi & Fully Autonomous Vehicle Market, By Country:  

o   China

o   India

o   Japan

o   Indonesia

o   Thailand

o   South Korea

o   Australia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Asia-Pacific Semi & Fully Autonomous Vehicle Market.

Available Customizations:

Asia-Pacific Semi & Fully Autonomous Vehicle Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Asia-Pacific Semi & Fully Autonomous Vehicle Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

1.1.  Market Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Impact of COVID-19 on Asia-Pacific Semi & Fully Autonomous Vehicle Market

5.    Voice of Customer Analysis

5.1.  Brand Awareness

5.2.  Brand Satisfaction

5.3.  Factors Affecting Purchase Decision

6.    Asia-Pacific Semi & Fully Autonomous Vehicle Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Volume & Value

6.2.  Market Share & Forecast

6.2.1.    By Automation Level Market Share Analysis (L0, L1, L2, L3, L4, L5)

6.2.2.    By Component Market Share Analysis (Embedded System, Camera, others)

6.2.3.    By Vehicle Type Market Share Analysis (Passenger Car, Commercial Vehicle)

6.2.4.    By Country Market Share Analysis   

6.2.4.1.        China Market Share Analysis

6.2.4.2.        India Market Share Analysis

6.2.4.3.        Japan Market Share Analysis

6.2.4.4.        Indonesia Market Share Analysis

6.2.4.5.        Thailand Market Share Analysis

6.2.4.6.        South Korea Market Share Analysis

6.2.4.7.        Australia Market Share Analysis

6.2.4.8.        Rest of Asia Market Share Analysis

6.2.5.    By Company Market Share Analysis (Top 5 Companies, Others - By Value, 2022)

6.3.  Asia-Pacific Semi & Fully Autonomous Vehicle Market Mapping & Opportunity Assessment

6.3.1.    By Automation Level Market Mapping & Opportunity Assessment

6.3.2.    By Component Market Mapping & Opportunity Assessment

6.3.3.    By Vehicle Type Market Mapping & Opportunity Assessment

6.3.4.    By Country Market Mapping & Opportunity Assessment

6.3.5.    China Semi & Fully Autonomous Vehicle Market Outlook

6.3.5.1.        Market Size & Forecast

6.3.5.1.1.           By Volume & Value

6.3.5.2.        Market Share & Forecast

6.3.5.2.1.           By Automation Level Market Share Analysis

6.3.5.2.2.           By Component Market Share Analysis

6.3.5.2.3.           By Vehicle Type Market Share Analysis

6.3.6.    India Semi & Fully Autonomous Vehicle Market Outlook

6.3.6.1.        Market Size & Forecast

6.3.6.1.1.           By Volume & Value

6.3.6.2.        Market Share & Forecast

6.3.6.2.1.           By Automation Level Market Share Analysis

6.3.6.2.2.           By Component Market Share Analysis

6.3.6.2.3.           By Vehicle Type Market Share Analysis

6.3.7.    Japan Semi & Fully Autonomous Vehicle Market Outlook

6.3.7.1.        Market Size & Forecast

6.3.7.1.1.           By Volume & Value

6.3.7.2.        Market Share & Forecast

6.3.7.2.1.           By Automation Level Market Share Analysis

6.3.7.2.2.           By Component Market Share Analysis

6.3.7.2.3.           By Vehicle Type Market Share Analysis

6.3.8.    Indonesia Semi & Fully Autonomous Vehicle Market Outlook

6.3.8.1.        Market Size & Forecast

6.3.8.1.1.           By Volume & Value

6.3.8.2.        Market Share & Forecast

6.3.8.2.1.           By Automation Level Market Share Analysis

6.3.8.2.2.           By Component Market Share Analysis

6.3.8.2.3.           By Vehicle Type Market Share Analysis

6.3.9.    Thailand Semi & Fully Autonomous Vehicle Market Outlook

6.3.9.1.        Market Size & Forecast

6.3.9.1.1.           By Volume & Value

6.3.9.2.        Market Share & Forecast

6.3.9.2.1.           By Automation Level Market Share Analysis

6.3.9.2.2.           By Component Market Share Analysis

6.3.9.2.3.           By Vehicle Type Market Share Analysis

6.3.10. South Korea Semi & Fully Autonomous Vehicle Market Outlook

6.3.10.1.     Market Size & Forecast

6.3.10.1.1.         By Volume & Value

6.3.10.2.     Market Share & Forecast

6.3.10.2.1.         By Automation Level Market Share Analysis

6.3.10.2.2.         By Component Market Share Analysis

6.3.10.2.3.         By Vehicle Type Market Share Analysis

6.3.11. Australia Semi & Fully Autonomous Vehicle Market Outlook

6.3.11.1.     Market Size & Forecast

6.3.11.1.1.         By Volume & Value

6.3.11.2.     Market Share & Forecast

6.3.11.2.1.         By Automation Level Market Share Analysis 

6.3.11.2.2.         By Component Market Share Analysis

6.3.11.2.3.         By Vehicle Type Market Share Analysis

7.    SWOT Analysis

7.1.  Strength

7.2.  Weakness

7.3.  Opportunities

7.4.  Threats

8.    Market Dynamics

8.1.  Market Drivers

8.2.  Market Challenges

9.    Market Trends and Developments

10. Competitive Landscape

10.1.           Company Profiles (Up to 10 Major Companies)

10.1.1. Uber Technologies Inc.

10.1.1.1.     Company Details

10.1.1.2.     Key Product Offered

10.1.1.3.     Recent Developments

10.1.1.4.     Key Management Personnel

10.1.2. Daimler Truck AG 

10.1.2.1.     Company Details

10.1.2.2.     Key Product Offered

10.1.2.3.     Recent Developments

10.1.2.4.     Key Management Personnel

10.1.3. Waymo LLC     

10.1.3.1.     Company Details

10.1.3.2.     Key Product Offered

10.1.3.3.     Recent Developments

10.1.3.4.     Key Management Personnel

10.1.4. Toyota Motor Corporation

10.1.4.1.     Company Details

10.1.4.2.     Key Product Offered

10.1.4.3.     Recent Developments

10.1.4.4.     Key Management Personnel

10.1.5. Nissan Motor Corporation

10.1.5.1.     Company Details

10.1.5.2.     Key Product Offered

10.1.5.3.     Recent Developments

10.1.5.4.     Key Management Personnel

10.1.6. AB Volvo    

10.1.6.1.     Company Details

10.1.6.2.     Key Product Offered

10.1.6.3.     Recent Developments

10.1.6.4.     Key Management Personnel

10.1.7. General Motors Company     

10.1.7.1.     Company Details

10.1.7.2.     Key Product Offered

10.1.7.3.     Recent Developments

10.1.7.4.     Key Management Personnel

10.1.8. Volkswagen AG        

10.1.8.1.     Company Details

10.1.8.2.     Key Product Offered

10.1.8.3.     Recent Developments

10.1.8.4.     Key Management Personnel

10.1.9. Tesla Inc.        

10.1.9.1.     Company Details

10.1.9.2.     Key Product Offered

10.1.9.3.     Recent Developments

10.1.9.4.     Key Management Personnel

10.1.10. BMW AG         

10.1.10.1.  Company Details

10.1.10.2.  Key Product Offered

10.1.10.3.  Recent Developments

10.1.10.4.  Key Management Personnel

11. Strategic Recommendations

11.1.           Key Focus Areas

11.1.1. Target Countries

11.1.2. Target By Automation Level

11.1.3. Target By Vehicle Type

12. About Us & Disclaimer 

Figures and Tables

Frequently asked questions

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The market size of the Asia-Pacific Semi & Fully Autonomous Vehicle Market was estimated to be USD 14.86 Billion in 2023.

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In 2023, passenger car are the fastest growing segment in the Asia-Pacific Semi & Fully Autonomous Vehicle Market, driven by technological advancements, supportive government policies, and increasing consumer acceptance of autonomous technology.

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China stands as the dominant country in the Asia-Pacific Semi & Fully Autonomous Vehicle Market, thanks to its advanced technology infrastructure, significant investments in self-driving technologies, and supportive government policies.

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The major drivers for the Asia-Pacific Semi & Fully Autonomous Vehicle Market include a strong focus on technological innovation, government support through policies and investments, and a growing demand for improved road safety and transportation efficiency. These factors are fueling the development and adoption of autonomous vehicles in the region.

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Srishti Verma

Business Consultant
Press Release

Semi & Fully Autonomous Vehicle Market to Grow with a CAGR of 10.87% in Asia-Pacific through to 2029

Jul, 2024

The major drivers for the Asia-Pacific Semi & Fully Autonomous Vehicle Market include a strong focus on technological innovation, government support through policies and investments, and a growing de