Automotive and Transportation Autonomous Vehicle Market Research Report | Page 2

Autonomous Vehicle Market
The global autonomous vehicle market has observed considerable technological development in the recent
years, due to which the demand for these vehicles are gaining pace. Rising focus on vehicle safety backed by
governments’ regulations to incorporate safety features in vehicle will aid the growth of the market. In addition,
growing vehicle sharing market, coupled with increasing customers’ requirement for ease in driving is further
expected to benefit the growth of the market.
On the basis of level of automation, the autonomous vehicle market has been categorized into semi-
autonomous and fully autonomous.
The autonomous vehicles are currently recognized under five levels of autonomy, ranging from Level 0 to Level 5.
The autonomy levels from 1 to 3 comes under semi-autonomous category and Level 4 and Level 5 are
considered as fully autonomous vehicles. The highest level of autonomy achieved till date is Level 3, whereas
Level 4 autonomy is expected to be introduced to customers by 2021. Furthermore, Level 5 autonomous vehicles
may take time and might get introduced in mid-2025s.
P&S Intelligence