Autonomous Vehicle Development Platform Market Size By Component (Software, Service), By Vehicle Type (Passenger Car, Commercial Vehicle), By Functionality (Sensor Simulation, Data Collection & Analysis, Simulation & Testing), End Use & Forecast, 2023 - 2032

Autonomous Vehicle Development Platform Market Size

Autonomous Vehicle Development Platform Market size surpassed USD 22.2 billion in 2022 and is anticipated to grow at 33% CAGR from 2023 to 2032 owing to the increasing demand for driver assistance systems.
 

Driver assistance systems are essential in Level 3 autonomous vehicles and their development platforms. The capabilities of Advanced Driver Assistance Systems (ADAS) have evolved into robust, dependable, and resilient systems. However, due to the high cost of ADAS, it has so far been limited to luxury vehicles. With technological advancements, it is expected to be introduced in other vehicle segments during the forecast period. Many of the ADAS in use today are discrete single-function systems with low data throughput.

Several compliance standards are impeding autonomous vehicle development platform market growth. The presence of various compliance standards complicates product development. Automation systems were originally designed to provide comfort to drivers; however, the focus has currently shifted to providing safety features. Suppliers of active safety systems are required to comply with the ISO 26262 standard. ISO 26262 is a functional safety standard on automotive electrical or electronic systems based on IEC 61508. ISO 26262 defines the functional safety of vehicle equipment and applies to all automotive electronic & electrical safety-related systems throughout their entire lifecycle.
 

COVID-19 Impact

The pandemic hastened digital transformation in various industries including the automotive industry. As companies seek to leverage advanced technologies to improve their autonomous vehicle projects, the demand for autonomous vehicle development platforms has increased. Furthermore, during the pandemic, the importance of social distancing to ensure safety grew significantly. Autonomous vehicles gained popularity due to their potential for contactless transportation and reduced reliance on human drivers. As a result, robust development platforms to support the advancement of autonomous vehicles are becoming increasingly important.
 

Autonomous Vehicle Development Platform Industry Trends

3D printing of software-based autonomous vehicle development platforms is a key trend influencing the autonomous vehicle development platform market expansion. In the manufacturing industry, By delivering a finished product from a 3D design file, 3D printing eliminates traditional manufacturing steps, positively affecting supply chains and spare part inventories. It also aids in the efficient use of raw materials, which are frequently wasted in traditional manufacturing processes. Due to improved additive manufacturing machine performance, falling printer & material prices, and an expanding range of printed materials, 3D printing is quickly becoming popular among consumers & manufacturers.
 

Autonomous Vehicle Development Platform Market Analysis

The passenger car segment held the largest share of around 60% in 2022 and is expected to grow at a lucrative pace by 2032. As autonomous vehicle development platforms market demand from ride-hailing and logistics companies grows, automakers are focused on developing self-driving technology for passenger vehicles. For example, North America and Europe are at the forefront of autonomous vehicle development. Luxury automakers contribute the most to the business growth led by the rising demand for luxury vehicles. During the forecast period, these factors will propel the passenger car industry development.
 

The sensor simulation vertical in autonomous vehicle development platform market is poised to attain 30% gains between 2023 to 2032 increasing demand for autonomous vehicle development platforms in the automotive manufacturing sector. The integration of sensor simulation functionality with these platforms enhances the efficiency, effectiveness, and reliability of the development process. It enables comprehensive testing, accelerates iteration cycles, reduces costs, and facilitates the advancement of autonomous vehicle technologies.
 

The technology companies segment crossed a valuation of USD 6.5 billion in 2022. Autonomous vehicle development platforms encourage collaboration among technology companies, allowing them to collaborate on solving common problems and sharing knowledge. These platforms also provide a centralized environment for technology companies to collaborate on standards, best practices, and interoperability between various autonomous vehicle technologies. This collaboration contributes to the development of a technology provider ecosystem, fostering innovation and accelerating the advancement of autonomous driving technologies.
 

North America autonomous vehicle development platform market captured 30% of the global share in 2022. The region is home to a robust automotive industry with leading automakers and technology companies actively developing autonomous vehicles. Companies such as General Motors, Ford, Tesla, Waymo, and Uber ATG have significant autonomous vehicle initiatives in the region. This presence of established automotive players and technology giants fuels the demand for comprehensive development platforms to support their autonomous vehicle projects.
 

Autonomous Vehicle Development Platform Market Share

Some of the major autonomous vehicle development platform industry participants are :

• ANSYS Inc.
• BMW AG
• FiveAI Ltd.
• Ford Motor Co.
• General Motors Co.
• Green Hills Service LLC
• Hexagon AB
• Honda Motor Co. Ltd.
• Hyundai Motor Co.

These players are focusing on strategic partnerships and new product launches & commercialization for market expansion. They are heavily investing in research to introduce innovative products and garner maximum revenue in the market.
 

Autonomous Vehicle Development Platform Industry News:

• In March 2023, May Mobility, a pioneer in the development and deployment of Autonomous Vehicle (AV) technology, released its third-generation autonomous driving systems, marking another significant step toward driverless commercial operations that will improve safety, efficiency, and rider satisfaction. The system features enhancements such as increased speed, tele-assist capabilities, and improved detection accuracy.
   
• In November 2022, Stellantis signed an agreement to acquire aiMotive, a leading developer of advanced artificial intelligence & autonomous driving service. This acquisition will strengthen Stellantis' core artificial intelligence & autonomous driving technology, broaden its global talent pool, and accelerate the mid-term development of the all-new STLA AutoDrive platform.
   

This autonomous vehicle development platform market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) from 2018 to 2032, for the following segments:

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Market, By Component

• Software
• Service

Market, By Vehicle Type

• Passenger car
• Commercial vehicle

Market, By Functionality

• Sensor simulation
• Data collection & analysis
• Simulation & testing

Market, By End Use

• Automotive manufacturers
• Technology companies
• Research institutions & universities

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • ANZ
  • South Korea 
• Latin America
  • Brazil
  • Mexico
• MEA
  • UAE
  • Saudi Arabia
  • South Africa