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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
29-Jul-2019
Asia Pacific
Market Research
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
Growth dialog™
A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
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Popular Topics
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
| Deliverable Type | Market Research |
|---|---|
| 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 |