CROSBY Research – Crosby Bi-noculars (Bi-weekly Issue 60)

11 Jun 2024

At some point in the near future, autonomous vehicles will become a common sight on the roads. According to Global Market Insights, autonomous vehicle market size was valued at USD2tr in 2023 and is estimated to grow at a CAGR of over 13.5% from 2024 to 2032. The upward trend was mainly propelled by the increase in consumer inclination towards autonomous driving. In China, The China Autonomous Vehicle Market is projected to reach USD31.6bn in 2030 from USD8.0bn in 2023, representing a CAGR of 21.7%.