China's Autonomous Vehicle Market Set for Rapid Growth, Forecast to Reach $31.6 Billion by 2030
• China's autonomous vehicle market forecast to reach $31.6 billion by 2030, with a 21.66% CAGR from 2024-2030 • Technological innovation and supportive government policies driving rapid growth • Companies like Baidu, AutoX, and Didi Chuxing investing heavily in autonomous vehicles • Commercial vehicles and defense sector expected to lead adoption of autonomous tech • Software segment to dominate the industry due to importance of AI and connectivity