NEW
YORK, June 28, 2024 /PRNewswire/ -- The global
autonomous vehicle (AV) development platform market size is
estimated to grow by USD 230.24
billion from 2024-2028, according to Technavio. The market
is estimated to grow at a CAGR of about 47.86% during the forecast
period. Increasing presence of strategic alliances in autonomous
vehicle (AV) development platform market is driving market growth,
with a trend towards 3D printing of hardware-based autonomous
vehicle (AV) development platforms However, multiple compliance
standards poses a challenge. Key market players include Amazon.com
Inc., ANSYS Inc., BMW AG, FiveAI Ltd., Ford Motor Co., General
Motors Co., Green Hills Software LLC, Hexagon AB, Honda Motor Co.
Ltd., Hyundai Motor Co., Mercedes Benz Group AG, NVIDIA Corp.,
Porsche Automobil Holding SE, Qualcomm Inc., Renault SAS, Siemens
AG, Tata Consultancy Services Ltd., Tesla Inc., Toyota Motor Corp.,
and Trimble Inc..
![Technavio has announced its latest market research report titled Global autonomous vehicle (AV) development platform market 2024-2028 Technavio has announced its latest market research report titled Global autonomous vehicle (AV) development platform market 2024-2028](https://mma.prnewswire.com/media/2449831/Technavio_autonomous_vehicle_development_platform_market.jpg)
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Autonomous Vehicle
(AV) Development Platform Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
47.86%
|
Market growth
2024-2028
|
USD 230240.5
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
34.84
|
Regional
analysis
|
North America, Europe,
APAC, Middle East and Africa, and South America
|
Performing market
contribution
|
North America at
35%
|
Key
countries
|
US, China, Germany, UK,
and Japan
|
Key companies
profiled
|
Amazon.com Inc., ANSYS
Inc., BMW AG, FiveAI Ltd., Ford Motor Co., General Motors Co.,
Green Hills Software LLC, Hexagon AB, Honda Motor Co. Ltd., Hyundai
Motor Co., Mercedes Benz Group AG, NVIDIA Corp., Porsche Automobil
Holding SE, Qualcomm Inc., Renault SAS, Siemens AG, Tata
Consultancy Services Ltd., Tesla Inc., Toyota Motor Corp., and
Trimble Inc.
|
Market Driver
The global autonomous vehicle (AV) development platform market
is experiencing significant growth due to the integration of 3D
printing technology in hardware production. This innovation
eliminates traditional manufacturing steps, optimizes raw material
usage, and reduces costs. Notably, 3D printing is driving
advancements in engineering, aerospace, automobile, and other
industries. In the AV sector, 3D printing is used to create
development platforms, contributing to the market's expansion
during the forecast period.
The Autonomous Vehicle Development Platform market is
experiencing significant growth with various companies investing in
this technology. The market includes vehicles, sensors, software,
and connectivity solutions. The trend is towards creating safer and
more efficient transportation systems. Companies are developing
platforms that enable the creation, testing, and deployment of
autonomous vehicles. These platforms provide programming tools,
simulation environments, and testing infrastructure. They also
offer cloud services for data processing and analysis. The use of
machine learning and artificial intelligence is becoming more
common in these platforms. The goal is to create vehicles that can
navigate complex environments and make real-time decisions based on
data. The market is expected to continue growing as the demand for
autonomous vehicles increases.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
- The autonomous vehicle (AV) development platform market faces
challenges due to the various compliance standards required. These
standards, including ISO 26262, MISRA, and AEC, ensure functional
safety and software reliability. ISO 26262, derived from IEC 61508,
applies to all automotive electronic and electrical safety-related
systems. Suppliers must comply with these standards to provide
components for autonomous systems. Multiple compliance standards
pose significant hurdles for market growth during the forecast
period.
- The Autonomous Vehicle (AV) Development Platform market faces
several challenges in the implementation and integration of various
technologies. These include vehicle sensors and data processing,
regulatory compliance, cybersecurity, and interoperability between
different systems. Additionally, the development of safe and
reliable autonomous driving algorithms is a significant challenge.
Furthermore, the integration of machine learning and artificial
intelligence technologies adds complexity to the development
process. Lastly, the cost of developing and deploying these systems
remains a major hurdle for many companies. Despite these
challenges, the AV Development Platform market continues to grow as
the demand for autonomous vehicles increases.
For more insights on driver and
challenges - Request a sample report!
Segment Overview
This autonomous vehicle (av) development platform market report
extensively covers market segmentation by
- Vehicle Type
- 1.1 Passenger car
- 1.2 Commercial vehicle
- End-user
- 2.1 Mixed AVDP
- 2.2 Image based AVDP
- 2.3 Sensor fusion based AVDP
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Passenger car- The Autonomous Vehicle (AV)
Development Platform market is experiencing significant growth due
to increasing demand for self-driving technology. Major automakers
and tech companies invest heavily in developing advanced software
and hardware solutions. Collaborations and partnerships are common
to accelerate innovation and bring AVs to market faster. Government
regulations and safety standards are key considerations, requiring
robust testing and validation processes. The market is competitive,
with players focusing on offering flexible, scalable, and
cost-effective solutions to meet diverse customer needs.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Research Analysis
The Autonomous Vehicle (AV) Development Platform market
encompasses software solutions designed to facilitate the creation,
testing, and deployment of self-driving technologies for passenger
cars and commercial vehicles. These platforms integrate
functionalities such as computer vision, sensor simulation,
simulation environments, control systems, and autonomous driving
algorithms. They enable programmers to develop, test, and optimize
production-level AVs, ensuring human intervention is minimized.
Hardware and software components work in tandem to create a robust
system for autonomous driving, enhancing safety and efficiency in
the transportation sector.
Market Research Overview
The Autonomous Vehicle (Av) Development Platform market
encompasses technologies and solutions that enable the design,
development, and testing of self-driving vehicles. These platforms
provide a comprehensive suite of tools for mapping, localization,
perception, planning, and control. They facilitate the integration
of various sensors and systems, enabling vehicles to understand
their environment and make real-time driving decisions. The market
is driven by the increasing demand for safer, more efficient, and
more convenient transportation solutions. The use of advanced
technologies such as machine learning, deep learning, and computer
vision is transforming the automotive industry and fueling the
growth of the Av Development Platform market. The market is
expected to continue expanding as more companies invest in
autonomous vehicle technology and regulatory frameworks evolve to
support their deployment.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Vehicle Type
-
- Passenger Car
- Commercial Vehicle
- End-user
-
- Mixed AVDP
- Image Based AVDP
- Sensor Fusion Based AVDP
- Geography
-
- North America
- Europe
- APAC
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio