L2 and L2+ Autonomous Driving Market Size, Trends, Analysis, and Outlook by Type (L2 Autonomous, L2+ Autonomous), Vehicle (Commercial Car, Passenger Car), Component (Radar Sensor, Ultrasonic Sensor, Infrared Sensor, Camera Unit, LiDAR), by Country, Segmen

L2 and L2+ Autonomous Driving Market Size, Trends, Analysis, and Outlook by Type (L2 Autonomous, L2+ Autonomous), Vehicle (Commercial Car, Passenger Car), Component (Radar Sensor, Ultrasonic Sensor, Infrared Sensor, Camera Unit, LiDAR), by Country, Segment, and Companies, 2024-2030

The global L2 and L2+ Autonomous Driving market size is poised to register 14.16% growth from 2024 to 2030, presenting significant growth prospects for companies operating in the industry. The study analyzes the global L2 and L2+ Autonomous Driving market by Type (L2 Autonomous, L2+ Autonomous), Vehicle (Commercial Car, Passenger Car), Component (Radar Sensor, Ultrasonic Sensor, Infrared Sensor, Camera Unit, LiDAR).

The L2 and L2+ Autonomous Driving Market is poised for significant evolution driven by key trends and drivers shaping its trajectory toward 2030. With the automotive industry's rapid advancement toward autonomy, there's a growing demand for Level 2 (L2) and Level 2+ (L2+) autonomous driving systems that offer advanced driver assistance features combined with partial automation. Technological advancements such as improved sensor fusion, artificial intelligence algorithms, and high-definition mapping are driving the development of more robust and reliable autonomous driving solutions. Further, increasing consumer acceptance of semi-autonomous features and the need for enhanced safety and convenience are fueling market growth. In addition, regulatory developments and safety standards are playing a pivotal role in shaping the adoption and deployment of L2 and L2+ autonomous driving technologies, with governments worldwide laying the groundwork for widespread implementation. .

L2 and L2+ Autonomous Driving Market Drivers, Trends, Opportunities, and Growth Opportunities

This comprehensive study discusses the latest trends and the most pressing challenges for industry players and investors. The L2 and L2+ Autonomous Driving market research analyses the global market trends, key drivers, challenges, and opportunities in the industry. In addition, the latest Future of L2 and L2+ Autonomous Driving survey report provides the market size outlook across types, applications, and other segments across the world and regions. It provides data-driven insights and actionable recommendations for companies in the L2 and L2+ Autonomous Driving industry.

Key market trends defining the global L2 and L2+ Autonomous Driving demand in 2024 and Beyond

The industry continues to remain an attractive hub for opportunities for both domestic and global vendors. As the market evolves, factors such as emerging market dynamics, demand from end-user sectors, a growing patient base, changes in consumption patterns, and widening distribution channels continue to play a major role.

L2 and L2+ Autonomous Driving Market Segmentation- Industry Share, Market Size, and Outlook to 2030

The L2 and L2+ Autonomous Driving industry comprises a wide range of segments and sub-segments. The rising demand for these product types and applications is supporting companies to increase their investment levels across niche segments. Accordingly, leading companies plan to generate a large share of their future revenue growth from expansion into these niche segments. The report presents the market size outlook across segments to support L2 and L2+ Autonomous Driving companies scaling up production in these sub-segments with a focus on expanding into emerging countries.

Key strategies adopted by companies within the L2 and L2+ Autonomous Driving industry

Leading L2 and L2+ Autonomous Driving companies are boosting investments to capitalize on untapped potential and future possibilities across niche market segments and surging demand conditions in key regions. Further, companies are leveraging advanced technologies to unlock opportunities and achieve operational excellence. The report provides key strategies opted for by the top 10 L2 and L2+ Autonomous Driving companies.

L2 and L2+ Autonomous Driving Market Study- Strategic Analysis Review

The L2 and L2+ Autonomous Driving market research report dives deep into the qualitative factors shaping the market, empowering you to make informed decisions-

• Industry Dynamics: Porter's Five Forces analysis to understand bargaining power, competitive rivalry, and threats that impact long-term strategy formulation.
• Strategic Insights: Provides valuable perspectives on key players and their approaches based on comprehensive strategy analysis.
• Internal Strengths and Weaknesses: Develop targeted strategies to leverage strengths, address weaknesses, and capitalize on market opportunities.
• Future Possibilities: Prepare for diverse outcomes with in-depth scenario analysis. Explore potential market disruptions, technology advancements, and economic changes.

L2 and L2+ Autonomous Driving Market Size Outlook- Historic and Forecast Revenue in Three Cases

The L2 and L2+ Autonomous Driving industry report provides a detailed analysis and outlook of revenue generated by companies from 2018 to 2023. Further, with actual data for 2023, the report forecasts the market size outlook from 2024 to 2030 in three case scenarios- low case, reference case, and high case scenarios.

L2 and L2+ Autonomous Driving Country Analysis and Revenue Outlook to 2030

The report analyses 22 countries worldwide including the key driving forces and market size outlook from 2021 to 2030. In addition, region analysis across Asia Pacific, Europe, the Middle East, Africa, North America, and South America is included in the study. For each of the six regions, the market size outlook by segments is forecast for 2030.

North America L2 and L2+ Autonomous Driving Market Size Outlook- Companies plan for focused investments in a changing environment

The US continues to remain the market leader in North America, driven by a large consumer base, the presence of well-established providers, and a strong end-user industry demand. Leading companies focus on new product launches in the changing environment. The US economy is expected to grow in 2024 (around 2.2% growth in 2024), potentially driving demand for various L2 and L2+ Autonomous Driving market segments. Similarly, Strong end-user demand is encouraging Canadian L2 and L2+ Autonomous Driving companies to invest in niche segments. Further, as Mexico continues to strengthen its trade relations and invest in technological advancements, the Mexico L2 and L2+ Autonomous Driving market is expected to experience significant expansion, offering lucrative opportunities for both domestic and international stakeholders.

Europe L2 and L2+ Autonomous Driving Market Size Outlook-Companies investing in assessing consumers, categories, competitors, and capabilities

The German industry remains the major market for companies in the European L2 and L2+ Autonomous Driving industry with consumers in Germany, France, the UK, Spain, Italy, and others anticipated to register a steady demand throughout the forecast period, driving the overall market prospects. In addition, the proactive approach of businesses in identifying and leveraging new growth prospects positions the European L2 and L2+ Autonomous Driving market for an upward trajectory, fostering both domestic and international interest. Leading brands operating in the industry are emphasizing effective marketing strategies, innovative product offerings, and a keen understanding of consumer preferences.

Asia Pacific L2 and L2+ Autonomous Driving Market Size Outlook- an attractive hub for opportunities for both local and global companies

The increasing prevalence of indications, robust healthcare expenditure, and increasing investments in healthcare infrastructure drive the demand for L2 and L2+ Autonomous Driving in Asia Pacific. In particular, China, India, and South East Asian L2 and L2+ Autonomous Driving markets present a compelling outlook for 2030, acting as a magnet for both domestic and multinational manufacturers seeking growth opportunities. Similarly, with a burgeoning population and a rising middle class, India offers a vast consumer market. Japanese and Korean companies are quickly aligning their strategies to navigate changes, explore new markets, and enhance their competitive edge. Our report utilizes in-depth interviews with industry experts and comprehensive data analysis to provide a comprehensive outlook of 6 major markets in the region.

Latin America L2 and L2+ Autonomous Driving Market Size Outlook- Continued urbanization and rising income levels

Rising income levels contribute to greater purchasing power among consumers, spurring consumption and creating opportunities for market expansion. Continued urbanization and rising income levels are expected to sustainably drive consumption growth in the medium to long term.

Middle East and Africa L2 and L2+ Autonomous Driving Market Size Outlook- continues its upward trajectory across segments

Robust demand from Middle Eastern countries including Saudi Arabia, the UAE, Qatar, Kuwait, and other GCC countries supports the overall Middle East L2 and L2+ Autonomous Driving market potential. Fueled by increasing consumption expenditure, growing population, and high demand across a few markets drives the demand for L2 and L2+ Autonomous Driving.

L2 and L2+ Autonomous Driving Market Company Profiles

The global L2 and L2+ Autonomous Driving market is characterized by intense competitive conditions with leading companies opting for aggressive marketing to gain market shares. The report presents business descriptions, SWOT analysis, growth strategies, and financial profiles. Leading companies included in the study are Baidu Inc, Cadillac, Continental AG, Lexus (Toyota Motor Corp), Magna International Inc, Robert Bosch GmbH, Tesla Inc, Toyota Motor Corp, Waymo LLC, ZF Friedrichshafen AG.

Recent L2 and L2+ Autonomous Driving Market Developments

The global L2 and L2+ Autonomous Driving market study presents recent market news and developments including new product launches, mergers, acquisitions, expansions, product approvals, and other updates in the industry.

L2 and L2+ Autonomous Driving Market Report Scope

Parameters: Revenue, Volume Price

Study Period: 2023 (Base Year); 2018- 2023 (Historic Period); 2024- 2030 (Forecast Period)

Currency: USD; (Upon request, can be provided in Euro, JPY, GBP, and other Local Currency)

Qualitative Analysis

• Pricing Analysis
• Value Chain Analysis
• SWOT Profile
• Market Dynamics- Trends, Drivers, Challenges
• Porter’s Five Forces Analysis
• Macroeconomic Impact Analysis
• Case Scenarios- Low, Base, High

Market Segmentation:

Type

L2 Autonomous

L2+ Autonomous

Vehicle

Commercial Car

Passenger Car

Component

Radar Sensor

Ultrasonic Sensor

Infrared Sensor

Camera Unit

LiDAR

Geographical Segmentation:

• North America (3 markets)
• Europe (6 markets)
• Asia Pacific (6 markets)
• Latin America (3 markets)
• Middle East Africa (5 markets)

Companies

Baidu Inc

Cadillac

Continental AG

Lexus (Toyota Motor Corp)

Magna International Inc

Robert Bosch GmbH

Tesla Inc

Toyota Motor Corp

Waymo LLC

ZF Friedrichshafen AG.

Formats Available: Excel, PDF, and PPT