Autonomous Vehicles

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The Autonomous Vehicles (AV) market encompasses passenger cars and commercial vehicles equipped with Advanced Driver-Assistance Systems (ADAS) up to fully self-driving capabilities (SAE Levels 1-5). Driven by advancements in Artificial Intelligence (AI), LiDAR, radar, and high-definition mapping, the market is fundamentally reshaping global transportation.

The market is poised for significant expansion. The global Autonomous Vehicle market is projected to grow from an estimated USD 64.3 billion in 2024 to reach approximately USD 337.2 billion by 2033, exhibiting a Compound Annual Growth Rate (CAGR) of about 20.2% during the 2024–2033 forecast period, fueled by commercial applications and higher automation levels.

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