Press Releases

The primary elements driving the rise of the European Autonomous Vehicle industry include government support for autonomous car development and testing, innovation in connected car technology, and the necessity for an efficient and safe driving choice, thereby registering a CAGR of 38.5% during the forecast period. Europe’s autonomous vehicles market is prospering owing to the increased disposable income of consumers, the shift in the standard of living among people, and the rising preference among consumers to use luxurious, high-quality, and comfort autonomous vehicles, thereby reducing the need to drive by themselves. Additionally, due to the rapid adoption of innovative technologies such as IoT, AI, cloud computing, etc., the Europe Autonomous Vehicles Market is one of the most developing markets that is experiencing continuous growth.

In November 2022, Renault Group has chosen KPIT Technologies as a strategic software scaling partner for next-generation SDV programs. KPIT Technologies is one of the major software integration partners for the automotive and mobility industries. For the purpose of creating an SDV platform, Renault Group is making huge investments and forming strategic alliances. By providing end users with an unrivaled experience and enabling monetization over the course of vehicle ownership, this platform will propel Renault Group's global growth. Renault customers will be thrilled by the electrification, autonomous driving, and connected car experiences made possible by the KPIT software.

Bowse 85 market data Tables and 51 Figures spread through 200 Pages and in-depth TOC on "Europe Autonomous Vehicle Market by Vehicle Autonomy (Semi-Autonomous Vehicle and Fully Autonomous Vehicle), by Vehicle Type (Internal Combustion Engine (ICE), Hybrid Electric Vehicle (HEV), and Battery Electric Vehicle (BEV)), by Application (Personal and Commercial), and Region – Europe Forecast to 2030

By application, commercial application are anticipated to have a significant market share during the forecast period.

Based on Application, Europe’s Autonomous Vehicle is segmented into Commercial and Personal. The Commercial segment dominates Europe’s Autonomous Vehicle Market. The increased adoption of shared autonomous vehicles in the region is altering the car ownership scenario.  The region's expanding availability of shared autonomous cars is altering the car ownership picture. Many individuals are increasingly using car sharing services, thereby promoting the adoption of autonomous vehicles in commercial applications.

Europe Autonomous Vehicles Market Segmentation Analysis

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“Germany is anticipated to have largest market growth during the forecast period.”

Germany is expected to witness the largest market share in the Europe autonomous vehicles market owing to the existence of OEMs in the country who are launching novel models and are having developed automation levels.

New models of vehicles are being unveiled by a number of OEMs, including BMW, Volkswagen AG, and Tesla Inc. for both consumer and commercial use. Advanced driver assistance systems (ADAS) features are available in these vehicles. This accelerates the market for autonomous vehicles in Europe during the anticipated timeframe.

Some of the major players in the Europe Autonomous Vehicles industry include Volkswagen AG, Tesla, Mercedes-Benz Group AG (Previously known as Daimler AG), Renault Group, BMW AG, General Motors, Stellantis NV, The Ford Motor Company, Toyota, AUDI AG.

Scope of the Report

Europe Autonomous Vehicles Market Coverage

Vehicle Autonomy Insight and Forecast 2018-2030

• Semi-Autonomous Vehicle
  • Level 1
  • Level 2
  • Level 3
• Fully Autonomous Vehicle
  • Level 4
  • Level 5

Vehicle Type Insight and Forecast 2018-2030

• Internal Combustion Engine (ICE)
• Hybrid Electric Vehicle (HEV)
• Battery Electric Vehicle (BEV)

Application Insight and Forecast 2018-2030

• Personal 
• Commercial

Geographical Segmentation

Europe Autonomous Vehicles Market by Region

Germany

• By Vehicle Autonomy
• By Vehicle Type
• By Application

U.K.

• By Vehicle Autonomy
• By Vehicle Type
• By Application

France

• By Vehicle Autonomy
• By Vehicle Type
• By Application

Italy

• By Vehicle Autonomy
• By Vehicle Type
• By Application

Spain

• By Vehicle Autonomy
• By Vehicle Type
• By Application

Russia

• By Vehicle Autonomy
• By Vehicle Type
• By Application

Poland

• By Vehicle Autonomy
• By Vehicle Type
• By Application

Rest of Europe

• By Vehicle Autonomy
• By Vehicle Type
• By Application