
Low Speed Autonomous Driving Market by Level (Level 1 - Driver Assistance, Level 2 - Partial Driving Automation, Level 3 - Conditional Driving Automation), Speed (0 to 10 Miles per hour, 10 to 25 Miles per hour), Application, Vehicle Type - Global Forecas
Description
Low Speed Autonomous Driving Market by Level (Level 1 - Driver Assistance, Level 2 - Partial Driving Automation, Level 3 - Conditional Driving Automation), Speed (0 to 10 Miles per hour, 10 to 25 Miles per hour), Application, Vehicle Type - Global Forecast 2024-2030
The Low Speed Autonomous Driving Market size was estimated at USD 1.68 billion in 2023 and expected to reach USD 1.99 billion in 2024, at a CAGR 18.27% to reach USD 5.47 billion by 2030.
The low speed autonomous driving includes self-driving vehicles that operate at lower speeds, typically in specific environments such as campuses, industrial sites, and residential areas. Vehicles in this category often include shuttles, pods, and specialized freight movers that prioritize safety and efficiency over speed. Applications of low speed autonomous vehicles span diverse sectors, including private and public transportation, logistics and delivery services within industrial complexes, and mobility services within controlled environments such as airports, hospitals, and residential communities. Increased focus on safety, particularly in pedestrian-dense areas, is driving the growth of the low speed autonomous driving market. Government policies and regulations supporting the testing and deployment of autonomous vehicles are fueling the low speed autonomous driving market. An increased focus on contactless delivery post-pandemic also presents potential growth avenues for autonomous delivery services. High costs associated with R&D and the implementation of advanced sensors and systems and security concerns surrounding autonomous systems and the potential for hacking hamper market growth. The proliferation of smart city initiatives worldwide is creating opportunities for the integration of low speed autonomous vehicles into urban transportation ecosystems. Growing development of advanced AI algorithms in low speed autonomous driving that can handle complex driving scenarios and improve decision-making processes are expected to fuel the growth of the low speed autonomous driving market.
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Table of Contents
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Growing use of low speed autonomous driving vehicles with rising smart city initiatives
- 5.1.1.2. Government support for the adoption of autonomous driving vehicles
- 5.1.1.3. Increasing focus on adoption of contactless delivery post-pandemic
- 5.1.2. Restraints
- 5.1.2.1. High cost of development of low speed autonomous driving vehicles
- 5.1.3. Opportunities
- 5.1.3.1. Increasing advancements in low speed autonomous driving vehicles
- 5.1.3.2. Growing potential of low speed autonomous driving vehicles for in-warehouse logistics
- 5.1.4. Challenges
- 5.1.4.1. Technical limitations with low speed autonomous driving vehicles
- 5.2. Market Segmentation Analysis
- 5.2.1. Level: Growing preference Level 5 for highest level of convenience and accessibility
- 5.2.2. Speed: Rising popularity of 0 to 10 miles per hour speed range for greater emphasis on fine control rather than covering larger distances
- 5.2.3. Vehicle Type: Increasing demand for autonomous shuttles & buses for reducing congestion and minimizing parking requirements
- 5.2.4. Application: Rising potential of low speed autonomous driving for industrial logistics for the efficient and safe transport of goods
- 5.3. Market Disruption Analysis
- 5.4. Porter’s Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
- 5.5. Value Chain & Critical Path Analysis
- 5.6. Pricing Analysis
- 5.7. Technology Analysis
- 5.8. Patent Analysis
- 5.9. Trade Analysis
- 5.10. Regulatory Framework Analysis
- 6. Low Speed Autonomous Driving Market, by Level
- 6.1. Introduction
- 6.2. Level 1 - Driver Assistance
- 6.3. Level 2 - Partial Driving Automation
- 6.4. Level 3 - Conditional Driving Automation
- 6.5. Level 4 - High Driving Automation
- 6.6. Level 5 - Full Driving Automation
- 7. Low Speed Autonomous Driving Market, by Speed
- 7.1. Introduction
- 7.2. 0 to 10 Miles per hour
- 7.3. 10 to 25 Miles per hour
- 8. Low Speed Autonomous Driving Market, by Application
- 8.1. Introduction
- 8.2. Consumer Applications
- 8.3. Industrial Logistics
- 8.4. Military & Defence
- 8.5. Public Transport
- 9. Low Speed Autonomous Driving Market, by Vehicle Type
- 9.1. Introduction
- 9.2. Autonomous Shuttles & Buses
- 9.3. Delivery Bots & Pods
- 9.4. Personal Mobility Devices
- 9.5. Yard Trucks & Tuggers
- 10. Americas Low Speed Autonomous Driving Market
- 10.1. Introduction
- 10.2. Argentina
- 10.3. Brazil
- 10.4. Canada
- 10.5. Mexico
- 10.6. United States
- 11. Asia-Pacific Low Speed Autonomous Driving Market
- 11.1. Introduction
- 11.2. Australia
- 11.3. China
- 11.4. India
- 11.5. Indonesia
- 11.6. Japan
- 11.7. Malaysia
- 11.8. Philippines
- 11.9. Singapore
- 11.10. South Korea
- 11.11. Taiwan
- 11.12. Thailand
- 11.13. Vietnam
- 12. Europe, Middle East & Africa Low Speed Autonomous Driving Market
- 12.1. Introduction
- 12.2. Denmark
- 12.3. Egypt
- 12.4. Finland
- 12.5. France
- 12.6. Germany
- 12.7. Israel
- 12.8. Italy
- 12.9. Netherlands
- 12.10. Nigeria
- 12.11. Norway
- 12.12. Poland
- 12.13. Qatar
- 12.14. Russia
- 12.15. Saudi Arabia
- 12.16. South Africa
- 12.17. Spain
- 12.18. Sweden
- 12.19. Switzerland
- 12.20. Turkey
- 12.21. United Arab Emirates
- 12.22. United Kingdom
- 13. Competitive Landscape
- 13.1. Market Share Analysis, 2023
- 13.2. FPNV Positioning Matrix, 2023
- 13.3. Competitive Scenario Analysis
- 13.3.1. Metro Launches New Self-Driving Shuttle and its First Totally Electric Bus
- 13.3.2. KelRide Autonomous Shuttles Expand to 30-Kilometre Network
- 13.3.3. San Francisco Launches Driverless Bus Service Following Robotaxi Expansion
- 13.4. Strategy Analysis & Recommendation
- 14. Competitive Portfolio
- 14.1. Key Company Profiles
- 14.2. Key Product Portfolio
- FIGURE 1. LOW SPEED AUTONOMOUS DRIVING MARKET RESEARCH PROCESS
- FIGURE 2. LOW SPEED AUTONOMOUS DRIVING MARKET SIZE, 2023 VS 2030
- FIGURE 3. GLOBAL LOW SPEED AUTONOMOUS DRIVING MARKET SIZE, 2018-2030 (USD MILLION)
- FIGURE 4. GLOBAL LOW SPEED AUTONOMOUS DRIVING MARKET SIZE, BY REGION, 2023 VS 2030 (%)
- FIGURE 5. GLOBAL LOW SPEED AUTONOMOUS DRIVING MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 6. LOW SPEED AUTONOMOUS DRIVING MARKET DYNAMICS
- FIGURE 7. GLOBAL LOW SPEED AUTONOMOUS DRIVING MARKET SIZE, BY LEVEL, 2023 VS 2030 (%)
- FIGURE 8. GLOBAL LOW SPEED AUTONOMOUS DRIVING MARKET SIZE, BY LEVEL, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 9. GLOBAL LOW SPEED AUTONOMOUS DRIVING MARKET SIZE, BY SPEED, 2023 VS 2030 (%)
- FIGURE 10. GLOBAL LOW SPEED AUTONOMOUS DRIVING MARKET SIZE, BY SPEED, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 11. GLOBAL LOW SPEED AUTONOMOUS DRIVING MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
- FIGURE 12. GLOBAL LOW SPEED AUTONOMOUS DRIVING MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 13. GLOBAL LOW SPEED AUTONOMOUS DRIVING MARKET SIZE, BY VEHICLE TYPE, 2023 VS 2030 (%)
- FIGURE 14. GLOBAL LOW SPEED AUTONOMOUS DRIVING MARKET SIZE, BY VEHICLE TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 15. AMERICAS LOW SPEED AUTONOMOUS DRIVING MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 16. AMERICAS LOW SPEED AUTONOMOUS DRIVING MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 17. UNITED STATES LOW SPEED AUTONOMOUS DRIVING MARKET SIZE, BY STATE, 2023 VS 2030 (%)
- FIGURE 18. UNITED STATES LOW SPEED AUTONOMOUS DRIVING MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 19. ASIA-PACIFIC LOW SPEED AUTONOMOUS DRIVING MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 20. ASIA-PACIFIC LOW SPEED AUTONOMOUS DRIVING MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 21. EUROPE, MIDDLE EAST & AFRICA LOW SPEED AUTONOMOUS DRIVING MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 22. EUROPE, MIDDLE EAST & AFRICA LOW SPEED AUTONOMOUS DRIVING MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 23. LOW SPEED AUTONOMOUS DRIVING MARKET SHARE, BY KEY PLAYER, 2023
- FIGURE 24. LOW SPEED AUTONOMOUS DRIVING MARKET, FPNV POSITIONING MATRIX, 2023
Pricing
Currency Rates