According to IHS Markit, the sales volume of self-driving vehicles will reach 51,000 by 2021 and will continually increase in 2040, with annual sales expected to exceed 33 million.
The United States is expected to lead the deployment of early autonomous vehicles. However, Europe and China are expected to boost their EVs by 2021. OEMs, suppliers, mobile travel service providers and technology companies are investing heavily in transportation technology which is conducive to drive the deployment of autonomous vehicles ahead of schedule.
Privately-owned self-driving cars are available for the first time by 2021. According to IHS Markit, the sales of self-driving vehicles in 2025 will reach about 1 million units.
Self-driving cars will first be sold in the United States. In 2040, the total number of autonomous vehicles in the United States is expected to reach 7.4 million.
China will dominate the market of autonomous vehicles. China's automotive industry and technology industry are working hard to narrow the gap with developed countries in key areas, including autonomous driving and artificial intelligence. In 2040, sales of autonomous vehicles is expected to reach 14.5 million units.
The autonomous vehicles in Europe has a huge potential market. In 2040, the annual sales of autonomous vehicles in Europe will reach 5.5 million.
Other markets are late in the deployment of autonomous vehicles. There are many limitations, including the strong power of the local automotive industry, government regulation restrictions on autonomous or mobile travel services, and the complexity of local driving conditions. In 2040, the annual sales volume of autonomous vehicles in the rest of the world is expected to reach nearly 6.3 million.