Autonomous Vehicle Global Market Report 2023: Sector To Reach $411.3 Billion By 2028 At A Cagr Of 38%

The global autonomous vehicle market size reached US$ 58.5 Billion in 2022 and is expected to reach US$ 411.3 Billion by 2028, exhibiting a CAGR of 38.41%. Autonomous vehicles (AVs) are driverless vehicles that use advanced sensor technology, ADAS, complex algorithm processors, smart control systems and actuators to gather information and perform tasks and responsive actions. The market is driven by the increasing demand for safety and convenience, advancements in technology, increasing government initiatives and the rising demand for autonomous public transport.