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The global level 3 autonomous vehicle market is anticipated to grow rapidly and post a CAGR of more than 23% in terms of shipment during the forecast period. The rising importance of road safety and greener modes of transportation will drive the growth prospects for the global level 3 autonomous vehicle market until the end of 2021. Factors such as speed, distracted driving, and drunken driving lead to road fatalities. One of the major factors that drive the necessity for automated vehicle technologies and negate the effects of driver distraction is the urgent need for curbing these road fatalities. Also, growing concerns about greenhouse gas emissions have encouraged governments across the globe to focus on alternative sources of fuel that drive the introduction of new technology in vehicles such as level 3 autonomous vehicles.