Autonomous Pods Market - Forecast(2024 - 2030)

The autonomous Pods Market size is estimated to reach $15 billion by 2030, growing at a CAGR of 13.5% during the forecast period 2023-2030. Autonomous pods have the potential to significantly reduce accidents caused by human error, as they do not get distracted, tired, or impaired by drugs or alcohol. This safety benefit is a major driving force behind the development and adoption of autonomous vehicles.  

Additionally, the construction of autonomous pods is centered on shared and on-demand mobility services. Users may access these pods anytime they need them as a practical and effective form of transportation. This pattern is consistent with the rise of MaaS (Mobility as a Service) and the trend away from traditional car ownership.

The “Autonomous Pods Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Autonomous Pods Market.

 

COVID-19 / Ukraine Crisis - Impact Analysis:  

● The pandemic was predicted to cause a reduction in global sales of driverless vehicles by the International Data Corporation (IDC). The acquisition of new vehicles, including driverless pods, has slowed due to lockdowns, economic instability, and decreasing consumer spending. All components of automotive production are under new strain as a result of COVID-19's appearance. Following COVID-19, customer perceptions of shared goods and services which were predicted to be among the first users of autonomous technology are ambiguous. For auto players, developing strategies to counter these risks and megatrends is challenging because of this as well as an uneven global economic recovery.

● The extended difficulty between Russia and Ukraine has wide geopolitical and economic repercussions that affect many other businesses, including the developing subject of autonomous pods. Global supply networks have historically been disrupted, investment patterns have changed, and economic objectives have changed as a result of geopolitical tensions and conflicts. The market for autonomous pods is not immune to these consequences, and various important parts of the business might be affected to various extents.

● Highest Market Share in North America Region

Geographically, in the global Autonomous Pods Market share, North America is analyzed to grow with the highest share of 30% in 2022. The adoption of electric and hybrid autonomous pods is in line with the growing emphasis on sustainability and lower carbon emissions. The demand for electric and low-emission autonomous pods is being driven by North American customers' increased interest in environmentally friendly transportation choices. Many of the top businesses in the autonomous vehicle industry have their headquarters in North America, which serves as a focus for technical innovation. Technology advancements in artificial intelligence, sensor systems, machine learning, and communication help to create increasingly advanced and functional autonomous pods. For Instance, in 2021, Einride, a Swedish provider of products and technology, began operating in the US. With partners including GE Appliances (GEA), Bridgestone, and Oatly, the business will formally start testing its transportation solutions, such as its autonomous "pods," electric trucks, and "Saga" operating system.

● Passenger Pods Segment to Register the Highest Growth

In the Autonomous Pods Market Analysis, the Passenger Pods segment is estimated to grow with the highest CAGR of 14.1% during the forecast period 2023-2030. The expansion of passenger pods is being fueled by some reasons that address changing transportation requirements, urbanization trends, and technology breakthroughs. There is a rising need for effective and practical urban transport solutions as cities continue to grow and traffic congestion becomes a serious problem. To manage congested metropolitan areas, passenger pods offer a small and maneuverable form of transportation, which cuts down on travel time and improves mobility in total. 

● Electric Pods Segment to Register the Highest Growth

In the Autonomous Pods Market Analysis, the Electric Pods segment is estimated to grow with the highest CAGR of 14.5% during the forecast period 2023-2030. The popularity of ride-hailing and ride-sharing services has changed how individuals think about getting about. By providing on-demand mobility options, where customers may request a trip using a smartphone app and be picked up by a driver who may use their vehicle or a vehicle provided by the ride-hailing firm, these services have undermined the conventional paradigm of having a car. 

For Instance, in 2020, Energy giant EDF acquired electric vehicle ChargePoint experts Pod Point in a deal estimated to be for US$ 125.64 million by the I newspaper. The purchase of Pod Point is the EDF Group's greatest investment in the EV industry and is a part of its strategy to become the dominant energy provider for electric mobility in France, the UK, Italy, and Belgium.

● Growing Demand for connected vehicles by IoT is a Key Factor Driving the Market Growth.

The global market for autonomous cars is being driven primarily by two factors: the rise in demand for connected vehicles powered by the Internet of Things (IoT) and the development of smart cities. Due to rising consumer expectations, rising costs for automakers, and industry-related technology advancements, the demand for autonomous vehicles has increased on the global market.  Self-driving technology is currently being employed in more than just cars; it is now being used more frequently in trucks and public transit. The bulk of commercial sectors, including retail, manufacturing, transportation, and logistics, will decide to distribute goods via autonomous pods in the future.  

● Increasing Growth of Electric and hybrid autonomous pods for renewable autonomy Leads the transition to sustainable transportation.

Autonomous pods that run on electricity or a combination of electricity and conventional fuels. Unlike traditional internal combustion engines, which burn fossil fuels, electric and hybrid pods don't release any exhaust fumes when they're operating. This suggests that they do not quickly release harmful pollutants like carbon dioxide (CO2) into the atmosphere. As a result, they are crucial for reducing the transport sector's proportion of greenhouse gas emissions, which play a significant role in climate change.

● Cybersecurity Risks Are a Problem for the Market for Autonomous Pods Restraining Market Growth.

As with any other linked equipment, autonomous pods are susceptible to a range of cyber risks, including hacking, malware injection, data breaches, denial-of-service attacks, and ransomware. The control systems of the vehicle can be in danger if an autonomous pod is the victim of a successful hack. For successful and safe operation, autonomous pods rely on a sophisticated network of sensors, software, communication systems, and external data sources. The attack surface that hackers can use has grown due to this complex ecosystem. One of the system's potential weak points is communication between pods, as well as data storage and processing units.

 

Product/Service launches, approvals, patents and events, acquisitions, partnerships, and collaborations are key strategies adopted by players in the Autonomous Pods Market. The top 10 companies in this industry are listed below:

1. Waymo

2. Tesla

3. BMW AG

4. Daimler AG

5. Ford Motor Company

6. General Motors

7. Groupe SA

8. Renault-Nissan-Mitsubishi Alliance

9. Tesla Inc.

10. Toyota Motor Corporation