The global Connected and Autonomous Mobility Vehicles Market is experiencing exponential growth, driven by advancements in artificial intelligence, vehicle-to-everything (V2X) communication, and the increasing demand for sustainable transportation solutions. Valued at USD 149.43 billion in 2023, the market is projected to reach USD 1,583.08 billion by 2030, growing at a CAGR of 40.1% from 2024 to 2030. 

Top 5 Companies with the Largest Market Share

According to Maximize Market Research, the leading companies in the CAMVs market are:

1. Tesla Inc.: A pioneer in electric vehicles and autonomous driving technology, Tesla continues to innovate with its Full Self-Driving (FSD) software, aiming to achieve Level 5 autonomy.

2. General Motors (GM): Through its subsidiary Cruise, GM is developing autonomous vehicle technology, focusing on urban mobility solutions.

3. Ford Motor Company: Ford is investing in autonomous vehicle research and has partnered with Argo AI to develop self-driving technology for commercial applications.

4. Toyota Motor Corporation: Toyota is advancing connected and autonomous vehicle technologies, emphasizing safety and reliability through its Mobility Teammate Concept.

5. BMW AG: BMW is integrating advanced driver-assistance systems (ADAS) and connectivity features in its vehicles, aiming for higher levels of automation.

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Latest Mergers and Acquisitions

The CAMVs industry has witnessed strategic mergers and acquisitions aimed at enhancing technological capabilities and expanding market reach:

• Uber and Pony.ai: In May 2025, Uber announced a partnership with China's Pony.ai to deploy self-driving taxis in key Middle East markets, starting later this year. The collaboration will begin with vehicles featuring onboard safety operators, transitioning to full autonomy in the commercial phase. 

• Uber and WeRide: Uber is partnering with Chinese autonomous vehicle company WeRide to introduce robotaxis in 15 cities outside the US and China over the next five years. This collaboration includes a $100 million investment from Uber, aiming to enhance the safety and scalability of WeRide's self-driving technology.

Recent Developments in the Market

Technological advancements and strategic initiatives are shaping the CAMVs market:

• Zoox's Expansion: Amazon's self-driving vehicle subsidiary, Zoox, plans to scale up robotaxi production starting next year, with a new facility in California's Bay Area. The company aims to launch public rides in Las Vegas by year-end, followed by San Francisco.

• Waymo's Operations in Austin: Uber CEO Dara Khosrowshahi announced that Waymo's approximately 100 robotaxis operating through the Uber app in Austin are now busier than 99% of human drivers in terms of daily completed trips. The fleet is expected to expand to hundreds of vehicles in the city, with further expansion into Atlanta later in the year. 

New Funding and Investments

Significant investments are fueling the growth of the CAMVs market:

• Uber's Investment in WeRide: As part of their partnership, Uber has invested $100 million in WeRide to support the deployment of robotaxis in 15 cities over the next five years. 

• Pony.ai's Market Performance: Following the announcement of its partnership with Uber, Pony.ai's shares rose nearly 13%, reflecting investor confidence in the company's autonomous vehicle technology and international expansion plans. 

Conclusion

The Connected and Autonomous Mobility Vehicles market is poised for substantial growth, driven by technological innovations, strategic partnerships, and significant investments. Leading companies are expanding their global footprints and enhancing their service offerings to meet the evolving needs of the market. As regulations continue to evolve and technology advances, the CAMVs market is expected to witness sustained growth and transformation in the coming years.