50 Autonomous Vehicle Statistics to Drive You Crazy in 2024

Let your car drive itself to you.

Autonomous vehicles are doing a lot: preventing accidents, saving commute time, reducing carbon footage, improving accessibility, and making driving a truly futuristic experience. 

The autonomous vehicles (AV) industry is currently playing a leading role in changing innovation in the automobile sector. Technologies like connected car software enhance the automation capabilities of self-driving cars by sharing real-time data, facilitating communication, and remote monitoring. 

Moreover, several features of these vehicles, such as GPS, LIDAR, and RADAR, form part of the most incredible innovation to date: artificial intelligence.

General autonomous vehicle statistics

Driverless cars are coming to you faster than you think. With five kinds of automation to choose from, manufacturers are turning to technologies such as computer vision to understand more about the phenomenon that has taken the world for a spin. 
To further pique your interest, look at these intriguing statistics to gauge how driverless vehicles are transforming the automobile industry:

• Tsukuba Mechanical, Japan, produced the first-ever autonomous passenger vehicle in 1977.
• Eighty billion commuting hours are estimated to be saved in the U.S. with the deployment of self-driving cars.
• A 20% increase in traffic speeds is predicted with the implementation of driverless vehicles.
• Tesla vehicles have accumulated over 3 billion autonomous miles using their autopilot feature.
• In simulations, self-driving cars were able to reduce traffic delays by 26%.

• 100,000 commercial Robo-taxis have been deployed by Lyft and Aptiv in Las Vegas, and plan to go fully automated by 2023.
• Waymo, a subsidiary of Google, drove 20 million miles across 25 cities in the U.S.
• 33% of U.S. drivers believe self-driving vehicle features enable better driving. 
• Driverless vehicles help reduce fuel economy by up to 10%.
• An 88% reduction in waiting time for taxis and 15% less parking space is attributed to self-driving vehicles.

• $54 billion is the estimated global market value of the AV industry.

• Autonomous vehicles could prevent 1,442,000 accidents and 12,000 fatalities, resulting in economic savings of $94 billion.
• 94% of all car accidents are caused due to human error, which is a problem autonomous vehicles can control. 
• By 2040, autonomous vehicles are predicted to reduce traffic accidents by 90%, potentially saving approximately $190 billion per year.
  
• Self-driving trucks are estimated to cut logistics costs by 45%, an estimated $300 billion per year.
  
• £5 billion will be saved by the UK due to reduced insurance, running, and parking costs.
• 40,000 people are expected to escape death by the reduction in accidents owing to increasing self-driving tech.
• Roughly $800 billion is predicted to be generated in revenue in 2030. This amount is expected to reach $7 trillion by 2050.

Autonomous vehicle market adoption statistics

It's a no-brainer that driverless vehicles instill excitement in all of us. However, this excitement has increased manifold since the idea of these vehicles was first introduced. As a result, countries across the globe have begun to plan for and deploy autonomous vehicles. This large-scale adoption by multiple stakeholders is pushing for further demand.

• The global self-driving vehicles industry is expanding by 16% every year.
• Mercedes-Benz is the first to bring level 3 automated driving to the US.
• As of October 24, 2023, there are six autonomous vehicle driverless testing permit holders.
• An estimated 1,400 self-driving cars, trucks, and other vehicles are being tested out in the US.
• 66% of all passenger-kilometer vehicles will be automated in China by 2040.
• An increase of 26% was seen in customers' willingness to try self-driving vehicles after COVID-19.
• The sales of self-driving vehicles are projected to reach a value of 58 million units by 2030.

• The global autonomous vehicle market size is projected to reach $448.6 billion by 2035, growing at a CAGR of 22.2% from 2025 to 2035.
• 800,000 units of driverless cars are anticipated to be produced worldwide between 2023 and 2030.
• The US has more than 1.59 million registered drones, with 372,000 categorized for commercial use.
  
• By 2035, 15% of the global vehicle sales will be self-driving cars.
  
• Commercialization of self-driving vehicles may cut car ownership by 43% in the U.S. by 2030.
  
• Around 18.43 million new cars sold in 2024 will have level 2 automation, which allows drivers to take their hands off the wheel. 
• By 2030, 95% of all new vehicles on the market will offer Level 4 or 5 autonomy.
• 33 million automated vehicles will be on the road by 2040.
• The self-driving car market in Asia-Pacific is predicted to grow at a CAGR of 29.2% from 2019 to 2025.

Autonomous vehicle investment statistics

Autonomous vehicles are quickly becoming the go-to investment option for governments, high-tech businesses, and big data corporations. A large part of these research and development investments are a result of the widespread recognition of AI and machine learning. These whopping investments are worth billions of dollars, definitive of the niche that the AV industry is carving for itself.

• In 2019, 30 companies spent a combined amount of $16 billion on automated vehicles.
• Ford is forecasted to spend $4 billion on driverless cars by 2023.
• Google raised $2.25 billion from external investors to develop self-driving vehicles.
• The projected sales revenue for Tesla's autonomous cars will be $75 billion by 2030. 
• Uber has spent twenty million dollars on its automated vehicle initiative since 2015, putting its expenditure at over $1 billion.

• Apple has invested more than $16 billion in research and development for autonomous vehicle projects.
• General Motors (GM) has planned to spend $35 billion on electric vehicles and self-driving cars between 2021 and 2025.
• Tesla has raised $20.2 billion in 35 rounds of funding.
• Tesla has acquired 10 organizations, the most recent being Wiferion on Jun 26, 2023.
• $16 billion is forecasted to be spent by Audi on self-driving cars by 2023.
  
• The global market for wireless electronic vehicle charging is projected to reach $567.7 million by 2030
• Autonomous vehicles can generate economic benefits worth $800 billion per year by 2050.
  

Buckle up for autonomous rides

A few years ago, autonomous vehicles were a distant dream. That dream has now become an achievable reality, with self-driving cars being parked and driven around in most technologically developed nations. These vehicles are transforming our lives, one mile at a time.

As AI applications continue to grow, it's easy to get lost. Learn all about the latest artificial intelligence terms and keep up with the change!