North America Autonomous Cars Market Size Worth USD 128.08 Billion By 2032 | CAGR: 20.0%

The North America Autonomous Cars Market size is expected to reach USD 128.08 Billion by 2032, according to a new study by Polaris Market Research. The report “North America Autonomous Cars Market Share, Size, Trends, Industry Analysis Report, By Automation Level (Level 1, Level 2, Level 3, Level 4 and 5); By Vehicle Type; By Application; By Country; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Road accidents resulting in injuries and fatalities are frequent due to human error, responsible for over 90% of such incidents. The demand for advanced and secure driving technology has led to the expansion of the autonomous car market in north America. The north America autonomous car market is expanding rapidly, owing to an increase in R&D initiatives for autonomous vehicle development, advancements in connected car technology, rising demand for safe and efficient driving solutions, and significant support from the government.

The increasing popularity of connected vehicles in north america is due to the constant technological advancements and unique features that they offer. These features include seamless integration with smartphones, roadside assistance, alerts for traffic and collisions, and real-time traffic monitoring, which set connected cars apart from traditional passenger vehicles.

The demand for high-end technology is surging in the north america autonomous car market, leading to domination by semi-autonomous vehicles due to the need for ease in driving and increasing concern for safety and security.

Several US states, including California, Texas, Arizona, Washington, and Michigan, have tested and launched autonomous cars. However, these cars are currently confined to specific testing areas and driving scenarios. Audi leads in developing Level 3 autonomous vehicles, as seen with the launch of the Audi A8. However, Level 3 autonomy requires the driver to remain continuously alert while the vehicle operates autonomously.

The National Highway Traffic Safety Administration (NHTSA) states that the majority of road accidents in the US (about 94%) occur due to human errors such as drunk driving and speeding. To minimize such incidents, self-driving cars, which are programmed to obey specific speed limits in designated areas, can be used effectively.

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The advancement of IoT and sensor technology allows for more precise monitoring of the environment and obstacles in north america. Furthermore, the use of LiDAR sensors capable of penetrating fog and mist holds great promise for automation. The incorporation of AI algorithms and neural networks in self-driving systems improves not only driver safety but also traffic patterns. Blockchain emerges as a notable trend in the autonomous vehicle sector in north america, offering solutions for vehicle tracking, payment security, and efficient data management.

North America Autonomous Cars Market Report Highlights

• In 2023, the level 4 & 5 segment accounted for the fastest market growth in the north america autonomous cars market. Cars equipped with level 4 can drive themselves with human. Autonomous cars can start, navigate, accelerate, decelerate, and park while observing their surroundings. Drivers can activate autonomous mode under certain conditions, but if the vehicle faces challenges beyond its capabilities, it alerts the driver before taking over. Daimler, Tesla, and Ford are testing level 4 autonomous cars in North America.
• Passenger vehicles are accounted for the largest market share in the north america autonomous cars market. In north america passenger vehicles are mostly preferred for transportation. Passenger vehicles have witnessed an enormous growth in popularity among the drivers in the region. Owing to the rising purchasing power of people from the region the number of these cars is growing in north america.
• The autonomous cars market in Canada is experiencing a surge in demand, driven primarily by the growing popularity of self-driving cars among Gen Z and affluent individuals in Vancouver and Montreal. Additionally, the Canadian government's strict regulations on road traffic management and driver safety are expected to further boost the demand for self-driving vehicles.
• The key market players include Aptiv PLC, Autoliv Inc., Ford Motor Company, General Motors Company, NVIDIA Corporation, Subaru of America, Inc., Tesla Inc., Toyota Motor Corporation, Uber Technologies, Volkswagen Group, Volvo Car Corporation, Waymo.

Polaris Market Research has segmented the north america autonomous cars market report based on automation level, vehicle type, application, and country:

North America Autonomous Cars, Automation level Outlook (Revenue - USD Billion, 2019 - 2032)

• Level 1
• Level 2
• Level 3
• Level 4 & 5

North America Autonomous Cars, Vehicle type Outlook (Revenue - USD Billion, 2019 - 2032)

• Passenger Vehicle
• Commercial Vehicle

North America Autonomous Cars, Application Outlook (Revenue - USD Billion, 2019 - 2032)

• Transportation

• Commercial
• Personal
• Industrial

• Defense
• Others

North America Autonomous Cars, Country Outlook (Revenue - USD Billion, 2019 - 2032)

• U.S.
• Canada

North America Autonomous Cars Market Report Scope