Self-Driving Cars and Trucks

Global Self-Driving Cars and Trucks Market to Reach US$4.7 Billion by 2030

The global market for Self-Driving Cars and Trucks estimated at US$481.1 Million in the year 2024, is expected to reach US$4.7 Billion by 2030, growing at a CAGR of 46.3% over the analysis period 2024-2030. Transportation, one of the segments analyzed in the report, is expected to record a 49.5% CAGR and reach US$3.6 Billion by the end of the analysis period. Growth in the Defense segment is estimated at 38.4% CAGR over the analysis period.

The U.S. Market is Estimated at US$126.5 Million While China is Forecast to Grow at 43.6% CAGR

The Self-Driving Cars and Trucks market in the U.S. is estimated at US$126.5 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$683.6 Million by the year 2030 trailing a CAGR of 43.6% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 42.4% and 39.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 31.2% CAGR.

Global Self-Driving Cars and Trucks Market – Key Trends & Drivers Summarized

Why Are Self-Driving Vehicles Transforming The Future Of Transportation?

The self-driving vehicle market is undergoing rapid expansion, fueled by advancements in artificial intelligence (AI), sensor technology, and connectivity solutions. Autonomous vehicles (AVs) are set to revolutionize mobility by improving road safety, reducing congestion, and optimizing fuel efficiency. Companies such as Tesla, Waymo, and major automakers are investing heavily in self-driving technology, aiming to bring fully autonomous cars and trucks to commercial markets. The rise of logistics automation and the growing demand for last-mile delivery solutions are accelerating the adoption of self-driving trucks, as they promise lower operational costs and enhanced supply chain efficiency. Meanwhile, ride-sharing services are exploring autonomous fleets to reduce labor costs and offer 24/7 transportation solutions. As self-driving technology continues to mature, its impact on personal mobility, logistics, and urban planning is expected to be transformative.

What Cutting-Edge Technologies Are Powering Autonomous Vehicles?

Advancements in AI, machine learning, and real-time data analytics are enabling autonomous vehicles to interpret complex driving environments with greater accuracy. LiDAR (Light Detection and Ranging) sensors, combined with radar and high-resolution cameras, provide self-driving vehicles with 360-degree perception, improving their ability to detect obstacles and pedestrians. Vehicle-to-everything (V2X) communication is enhancing connectivity between AVs and road infrastructure, allowing real-time traffic management and accident prevention. Autonomous truck fleets are being equipped with platooning technology, which enables vehicles to travel in close proximity, reducing aerodynamic drag and improving fuel efficiency. Additionally, regulatory frameworks are evolving to support AV deployment, paving the way for mass adoption in commercial transportation.

Which Industries Are Leading The Adoption Of Self-Driving Vehicles?

The logistics and freight industry is one of the largest adopters of self-driving trucks, using automation to reduce transportation costs and driver shortages. E-commerce giants and delivery service providers are investing in autonomous last-mile delivery solutions, including self-driving vans and robotic couriers. The agriculture sector is incorporating self-driving tractors and harvesters to improve efficiency and precision in farming operations. Public transportation networks in smart cities are integrating autonomous shuttle services, enhancing urban mobility while reducing traffic congestion. Additionally, autonomous ride-hailing services are gaining traction, with major companies developing driverless taxi fleets to cater to the evolving transportation landscape.

What Factors Are Fueling The Growth Of The Self-Driving Vehicles Market?

The self-driving vehicle market is expanding due to increasing investments in AI-powered transportation, rising demand for efficient logistics solutions, and regulatory advancements supporting autonomous mobility. The shortage of professional truck drivers and the push for sustainable transportation solutions are accelerating the adoption of self-driving trucks. Governments worldwide are investing in smart road infrastructure, facilitating AV integration and deployment. Additionally, the growth of electric and hybrid autonomous vehicles is shaping the future of eco-friendly mobility. As safety improvements, public acceptance, and technology advancements continue, the self-driving vehicle market is expected to experience exponential growth.

SCOPE OF STUDY:

The report analyzes the Self-Driving Cars and Trucks market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Application (Transportation, Defense)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Select Competitors (Total 44 Featured) -

• Argo AI
• Aurora Innovation
• AutoX
• Baidu (Apollo)
• Baidu Apollo
• Cruise (General Motors)
• Einride
• Embark Trucks
• Kodiak Robotics
• Mobileye (Intel)
• Motional
• Navya
• Nuro
• Plus.ai
• Pony.ai
• Tesla, Inc.
• TuSimple
• Waymo
• WeRide
• Zoox (Amazon)

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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