The Business Research Company’s Autonomous Vehicle Development Platform Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Autonomous Vehicle Development Platform Global Market Report 2023 evaluates autonomous vehicle development platform market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global autonomous vehicle development platform market is expected to grow from $16.71 billion in 2022 to $22.58 billion in 2023 at a compound annual growth rate (CAGR) of 35.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The autonomous vehicle development platform market is expected to reach $70.45 billion in 2027 at a CAGR of 32.9%.
Growing autonomous vehicle production is expected to propel the growth of the autonomous vehicle development platform going forward. An autonomous vehicle, also known as a driverless car, can run and execute critical activities without human involvement due to its capacity to recognize its environment. Autonomous vehicle development platforms offer a reliable and robust solution for developing and deploying automated driving applications. Growing production will increase the need for complex software and hardware systems, resulting in a larger market for autonomous vehicle development platforms. For instance, in August 2022, according to a report published by the Insurance Institute for Highway Safety, a US-based non-profit organization for road safety, there will be 3.5 million self-driving automobiles on American highways by 2025 and 4.5 million by 2030. Therefore, the growing production of autonomous vehicles is driving the growth of the autonomous vehicle development platform market.
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The autonomous vehicle development platform market segments in the report are:
1) By Component: Software, Service
2) By Vehicle Type: Passenger Car, Commercial Vehicle
3) By Functionality: Sensor Simulation, Data Collection And Analysis, Simulation And Testing
4) By End-User: Automotive Manufacturers, Technology Companies, Research Institutions And Universities
The table of contents in TBRC’s autonomous vehicle development platform market report includes:
5.1. Global Autonomous Vehicle Development Platform Historic Market Size and Growth, 2017 – 2022, Value ($ Billion)
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