(EMAILWIRE.COM, August 29, 2023 ) Maximize Market research expects, the Connected and Autonomous Mobility Vehicles market to grow from USD 106.66 Bn in 2022 to USD 1129.97 Bn in 2029 at a CAGR of 40.1 percent.

Connected and Autonomous Mobility Vehicles Market Report Scope and Research Methodology

The objective of the report is to forecast the global Connected and Autonomous Mobility Vehicles market based on segments, manufacturers and regional distribution. The bottom-up approach was used to estimate the market size while the SWOT analysis was used to provide the strengths and weaknesses of the Connected and Autonomous Mobility Vehicles key players in the industry.

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Connected and Autonomous Mobility Vehicles Market Dynamics

Improved road safety is one of the main drivers of the market. The adoption of connected and autonomous mobility vehicles is increasing because of the increasing focus of world on environmental sustainability and climate change combat. The lack of standardized regulations for CAVs is expected to limit the market growth in the future.

Connected and Autonomous Mobility Vehicles Market Regional Insights

North American Connected and Autonomous Mobility Vehicles Market is a major market due to its strong automotive market and vibrant technology ecosystem.

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Connected and Autonomous Mobility Vehicles Market Segmentation

By Level of Automation

Level 1
Level 2
Level 3
Level 4
Level 5

By Vehicle Level of Automation

Passenger Car
Commercial Vehicle

By Application Civil

Defence
Transportation & Logistics
Construction

By Propulsion Level of Automation

Semi-autonomous
Fully Autonomous

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Connected and Autonomous Mobility Vehicles Key Competitors include:

BMW AG
Ford Motor Company
General Motors
Honda Motor Co., Ltd.
Nissan Motors Co., Ltd.
Renault Group
Tesla, Inc.
Volkswagen AG

Maximize Market Research is leading Automotive and Transportation research firm, has also published the following reports:

Autonomous Self-Driving Cars Market - The market size is expected to reach 56.46 million units by 2029 at a CAGR of 13.5 percent during the forecast period.

Connected Tires Market - The market size is expected to reach USD 486.03 billion by 2029 at a CAGR of 58.5 percent during the forecast period.

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Maximize Market Research provides B2B and B2C research on 6,500 high-growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.