Autonomous vehicle market size | Forecast and Future Outlook 2025

Q: What are the main barriers to market expansion?

High initial development costs, regulatory hurdles, and safety concerns are major challenges for market players.

Q: Which regions are projected to dominate the market share?

North America and Europe are expected to lead due to strong R&D ecosystems and favorable policy support for autonomous testing and deployment.

Q: How is public perception influencing the market?

Growing awareness and acceptance of autonomous driving technology, along with successful pilot programs, are improving public trust in self-driving vehicles.

Q: What is the role of connectivity in autonomous vehicles?

Integration with high-speed 5G networks and vehicle-to-everything (V2X) communication is essential for real-time data processing and safe navigation.

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Code: MTA4055

Publication Date: Jun 2025

What is the Autonomous vehicle market size?

According to 6Wresearch internal database and industry insights, Global Autonomous Vehicle Market was valued at approximately USD 65.3 billion and is projected to surpass a valuation of USD 215.6 billion by 2031, recording a CAGR of 8.3%.

This growth is driven by rapid advancements in AI and sensor technologies, supportive government policies for smart mobility, and increasing consumer demand for safer and more efficient transport solutions.

Key Growth Factors

Urbanization growth and the demand for traffic relief.
Growing expenditures on 5G connectivity and smart infrastructure.
Advanced driver-assistance system (ADAS) integration.
Growth of robo-taxi fleets and shared mobility.
Constant advancements in computer vision, radar, and LiDAR technologies.
Positive government programs aimed at lowering emissions.

Market Trends

The autonomous vehicle industry is anticipated to witness robust growth from 2025 to 2031. This momentum is fueled by breakthroughs in AI algorithms, real-time decision-making systems, and edge computing. Additionally, increasing partnerships between automakers and tech companies, along with pilot projects for driverless freight and public transport, are further accelerating the market expansion, especially in North America, Europe, and parts of Asia-Pacific.