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Global L3 Self-Driving Vehicle Market by Vehicle Type (Passenger Cars, Commercial Vehicles), by Sensor Type (LiDAR, Radar, Camera, Ultrasonic Sensors), by ADAS Features (Adaptive Cruise Control, Lane Assisting, Automatic Emergency Braking, Crash Warning System, Smart Park Assist), by Applications (Transportation, Logistics) and by Region, Global trends and forecast from 2022 to 2029.

The global L3 self-driving vehicle market size is expected to grow at more than 34.83% CAGR from 2021 to 2029. It is expected to reach above USD 34.68 billion by 2029 from a little above USD 2.36 billion in 2020.

Segment Analysis
On the basis of vehicle type market is segmented into passenger cars and commercial vehicles. The largest volume share was taken by the passenger car segment. The widespread use of passenger cars and the growing desire to improve driving safety encourage the development of semi-automated vehicles. Driver stress is reduced thanks to L3 self-driving technology, which makes it easier for drivers to maneuver through traffic and make sharp turns in a secure and effective manner. Additionally, the driver can remove their hands and feet from the steering wheel and pedals at any time, according to their comfort, thanks to features like obstacle avoidance, connected features, and ADAS.

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