China’s Autonomous Vehicle Market, Forecast to 2025

China’s Autonomous Vehicle Market, Forecast to 2025

Autonomous Vehicle Sales in China are Expected to Reach 1.5 Million Units by 2025

RELEASE DATE
29-Jul-2019
REGION
Asia Pacific
Research Code: PA77-01-00-00-00
SKU: AU01869-AP-MR_23351

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Description

The Chinese automotive market is likely to shift into a higher intelligence level by 2025. The L1 and L2 autonomous vehicles are currently available in the market, with a total sales of 0.3 million units in 2018. Going forward, the market is likely to experience a positive compound annual growth rate (CAGR) of 28.4%, reaching 1.5 million unit shipment across L1, L2, L3 and L4 autonomous vehicle technology in China in the long term. In the passenger car segment, 96.5% of autonomous vehicles are L1 and L2 private cars.

Autonomous vehicle technology will see more adoption in passenger car business segments such as public taxis and mobility service vehicles. Public taxis and other mobility service vehicles will account for 25.6% of the passenger car market share in 2025.

The China FAW Group Corporation is the leading domestic automotive OEM in terms of autonomous vehicle technology development. It is likely to pioneer L4 autonomous vehicle technology and achieve commercialization of the same in 2020.

In addition, SAIC Motor Co., Ltd. and Zhejiang Geely Holding Group Co., Ltd. are likely to commercialize the L4 autonomous vehicles between 2022 and 2024, in China. NIO Inc., a new start-up, is another key notable participant in the market.

Baidu Inc., Alibaba Group Holding Ltd., and Tencent Holdings Ltd. are the key notable technology companies which provide software and database platforms to support automotive OEMs in China. Apollo, Baidu’s open platform, and Alibaba’s intelligent expressway (expected to be ready by 2038), and Tencent’s cybersecurity and vehicle connectivity platform can enhance the autonomous vehicle software features in China.
The Chinese government is expected to introduce official regulations on the autonomous vehicle by 2023. The demonstration bases for autonomous vehicles in Shanghai, Beijing, and Chongqing will be further expanded in China between 2019 and 2020.

Research Scope

The aim of this study is to evaluate the autonomous driving market in China. The study identifies the key autonomous driving participants and their market activities in the automotive industry. The value chain of the market is also discussed in this study.


Key Features

  • To provide a strategic review of the autonomous vehicle ecosystem and market involving the value chain and key market trends in China.
  • To analyse the hardware and software applied in autonomous vehicles.
  • To offer an overview of the autonomous vehicle demonstration base in China.
  • To analyse the key participants in the autonomous vehicle market, including partnership, key business segments, and key technologies.
  • To evaluate the present market size and growth opportunities for stakeholders.

Key Issues Addressed

  • Where in China are the autonomous vehicle demonstration bases located?
  • What are the market trends that influence the development of the autonomous vehicle market?
  • What will the revenue of the autonomous vehicle market be from 2018 to 2025?
  • What are the market drivers and restraints influencing the development of the autonomous vehicle market?
  • What are the key value chain structures of the autonomous vehicle market?

Key Conclusion

The research also provides definitions of the different levels of autonomous vehicles as per the Society of Automotive Engineers (SAE), market drivers and restraints, a market overview, an overview of autonomous driving vehicle demonstration bases in China, a technology analysis, and forecasts and trends. It identifies the key autonomous driving technology participants in China, and analyses the growth opportunities. The study closes with conclusions and a future outlook.

Author: Ming Lih Chan

Table of Contents

Executive Summary—Key Findings

Executive Summary—Market Engineering Measurements

Executive Summary—Society of Automotive Engineers (SAE) Definitions for Levels of Automation

Executive Summary—Value Chain Structure

Executive Summary—Autonomous Vehicle Vehicle Demonstration Bases Outlook

Research Scope

Research Aims and Objectives

Key Questions this Study will Answer

Research Background

Research Methodology

Society of Automotive Engineers (SAE) Definitions for Levels of Automation

Market Drivers

Drivers Explained

Drivers Explained (continued)

Drivers Explained (continued)

Market Restraints

Restraints Explained

Restraints Explained (continued)

Autonomous Vehicle Market Development Roadmap

Innovation of Autonomous Vehicle Ecosystem

Cybersecurity of Autonomous Vehicles

Value Chain Structure

Key Participants in the Autonomous Vehicle Value Chain

Case Study—Key OEMs Development Outlook and Collaborations

Autonomous Vehicle Vehicle Demonstration Base in Shanghai

Autonomous Vehicle Vehicle Demonstration Base in Beijing

Autonomous Vehicle Vehicle Demonstration Base in Chongqing

Key Components of Autonomous Vehicle

Key Sensors Comparison

Autonomous Vehicle Mechanism

Market Engineering Measurements

Autonomous Vehicle Market Forecast

Forecast Scenario Assumptions to 2025

Autonomous Vehicle Penetration Breakdown by Applications

Potential Autonomously Driven Miles in 2030

Baidu Inc.—Company Overview

Baidu Inc.—Key Collaboration Activities

Tencent Holdings Limited—Company Overview

Tencent Holdings Limited—Key Collaboration Activities

Alibaba Group Holding Limited—Company Overview

Alibaba Group Holding Limited—Key Collaboration Activities

SAIC Motor Corporation Limited—Company Overview

SAIC Motor Corporation Limited—Key Collaboration Activities

Growth Opportunity—Autonomous Vehicle Market in China

Strategic Imperatives for Success and Growth

Key Conclusions and Future Outlook

The Last Word—Three Big Predictions

Legal Disclaimer

Table of Anonyms Used

List of Exhibits

List of Exhibits (continued)

The Frost & Sullivan Story

Value Proposition—Future of Your Company & Career

Global Perspective

Industry Convergence

360º Research Perspective

Implementation Excellence

Our Blue Ocean Strategy

Related Research
The Chinese automotive market is likely to shift into a higher intelligence level by 2025. The L1 and L2 autonomous vehicles are currently available in the market, with a total sales of 0.3 million units in 2018. Going forward, the market is likely to experience a positive compound annual growth rate (CAGR) of 28.4%, reaching 1.5 million unit shipment across L1, L2, L3 and L4 autonomous vehicle technology in China in the long term. In the passenger car segment, 96.5% of autonomous vehicles are L1 and L2 private cars. Autonomous vehicle technology will see more adoption in passenger car business segments such as public taxis and mobility service vehicles. Public taxis and other mobility service vehicles will account for 25.6% of the passenger car market share in 2025. The China FAW Group Corporation is the leading domestic automotive OEM in terms of autonomous vehicle technology development. It is likely to pioneer L4 autonomous vehicle technology and achieve commercialization of the same in 2020. In addition, SAIC Motor Co., Ltd. and Zhejiang Geely Holding Group Co., Ltd. are likely to commercialize the L4 autonomous vehicles between 2022 and 2024, in China. NIO Inc., a new start-up, is another key notable participant in the market. Baidu Inc., Alibaba Group Holding Ltd., and Tencent Holdings Ltd. are the key notable technology companies which provide software and database platforms to support automotive OEMs in China. Apollo, Baidu’s open platform, and Alibaba’s intelligent expressway (expected to be ready by 2038), and Tencent’s cybersecurity and vehicle connectivity platform can enhance the autonomous vehicle software features in China. The Chinese government is expected to introduce official regulations on the autonomous vehicle by 2023. The demonstration bases for autonomous vehicles in Shanghai, Beijing, and Chongqing will be further expanded in China between 2019 and 2020.--BEGIN PROMO--

Research Scope

The aim of this study is to evaluate the autonomous driving market in China. The study identifies the key autonomous driving participants and their market activities in the automotive industry. The value chain of the market is also discussed in this study.

Key Features

  • To provide a strategic review of the autonomous vehicle ecosystem and market involving the value chain and key market trends in China.
  • To analyse the hardware and software applied in autonomous vehicles.
  • To offer an overview of the autonomous vehicle demonstration base in China.
  • To analyse the key participants in the autonomous vehicle market, including partnership, key business segments, and key technologies.
  • To evaluate the present market size and growth opportunities for stakeholders.

Key Issues Addressed

  • Where in China are the autonomous vehicle demonstration bases located?
  • What are the market trends that influence the development of the autonomous vehicle market?
  • What will the revenue of the autonomous vehicle market be from 2018 to 2025?
  • What are the market drivers and restraints influencing the development of the autonomous vehicle market?
  • What are the key value chain structures of the autonomous vehicle market?

Key Conclusion

The research also provides definitions of the different levels of autonomous vehicles as per the Society of Automotive Engineers (SAE), market drivers and restraints, a market overview, an overview of autonomous driving vehicle demonstration bases in China, a technology analysis, and forecasts and trends. It identifies the key autonomous driving technology participants in China, and analyses the growth opportunities. The study closes with conclusions and a future outlook.

Author: Ming Lih Chan

More Information
No Index No
Podcast No
Author Chuan Jing Chai
Industries Automotive
WIP Number PA77-01-00-00-00
Is Prebook No
GPS Codes 9673-A6,9800-A6,9AF6-A6,9B07-C1,9B13-A6