Autonomous Vehicle Market Size | Global Industry Analysis by Trends, Size, Share, Company Overview

Unmanned Ground Vehicle Market
Unmanned Ground Vehicle Market

The growth of the market is attributed to the growing demand of self-driving cars along with regulatory frameworks, government funding, and investment in digital infrastructure.

The global Autonomous Vehicle Market is projected to reach USD 724.36 billion by 2027, according to a recent report by Emergen Research. The emergence of advanced driver assistance systems (ADAS) may well be a significant autonomous cars market growth driver. They assist in reducing the pressure on the propulsion by avoiding distractions. These things are mainly equipped with computing and other similar unique features. Additionally, the growing adoption of cutting-edge technologies in mapping, cameras, processors, software sensors and algorithms are resulting in the betterment of the applicability of ADAS in every vehicle.

The key factors hindering the expansion of the autonomous cars market is cybersecurity and the safety precautions surrounding it. Although the self-driving car market has enormous growth potential, many purchasers don’t seem to be quite able to deliver the keys because of the threat of hackers as they’re tend to take control of data during various situations as well as set destinations that is likely to threaten the privacy of passengers.

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Key Highlights From The Report

  • Rise within the event of smart cities is also a key factor driving the expansion of the autonomous cars market. the electrical autonomous cars help reduce pollution in smart cities and also help to fight global temperature change. By using driverless cars, traffic accidents is decreased by 90%, significantly improving the protection of our roads. Several countries like Mexico, Canada and also the US are deploying digital infrastructure to promote communication between vehicles and networks to assemble essential information, thereby reducing holdup and improving road safety. Therefore, rise within the event of smart cities is predicted to drive the expansion of the autonomous cars market.
  • Full automation vehicles may well be a key trend within the autonomous cars market. The automation vehicles can potentially perform most of the driving functions in all circumstances, these vehicles are being designed to be used as robo-taxis, among others, like Waymo. With time, these cars are likely to blend with US roadways by improving technology across six stages of driver assistance within the approaching years from No automation (where a very engaged driver continues to be required) to full autonomation (where an automatic vehicle runs independently, without somebody’s driver). Tesla has confirmed that it plans to supply a software update to its vehicles sometime by the tip of 2019 or early 2020. Also, per Wired, by the tip of 2020, Teslas are fully autonomous.

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The Autonomous Vehicle Market report also includes a list of the leading players in the market and expounds on their action plans for drawing higher revenues. The leading market players profiled in the report include Honda Motor Corporation, , Daimler AG (Mercedes Benz), Ford Motor Company, BMW AG, General Motors, Audi AG, Nissan Motor Company, Tesla and Toyota Motor Corporation among others. Furthermore, a detailed account of the key industry developments, viable market insights, and current market trends is also available in this report.

With a major focus on the growth trajectories of each segment of the market, the report inspects the operating patterns of each market contender, for instance, partnerships & collaborations, mergers & acquisitions, and new product launches, in a detailed manner. Alongside describing the vast competitive landscape of the Autonomous Vehicle Market market, the report estimates the CAGR for the market during the projected timeframe.

Geographical Terrain of the Global Autonomous Vehicle Market Market:

  1. North America
  2. Europe Asia Pacific
  3. Latin America
  4. Middle East & Africa

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The report highlights the robust growth trajectory of the global Autonomous Vehicle Market market, shedding light on significant market development. At the same time, the document offers detailed insights into the pertinent industries, business organizations, and various local and international manufacturers and vendors.

The Autonomous Vehicle Market market intelligence report talks about the market size, share, value, and production cost analysis over the forecast period 2020-2027. In addition, downstream demand analysis, upstream raw materials, consumption volume, and the market share of all the segments and sub-segments have also been discussed at length in the latest report. According to our analysts, the research methodology of the Autonomous Vehicle Market market is based on both primary and secondary research data sources.

For the purpose of this report, Emergen Research has segmented into the global Autonomous Vehicle Market on the basis of source, application and region:

  • Component Outlook (Revenue, USD Billion; 2017-2027)
    • Camera
    • LiDAR
    • Radar
    • Ultrasonic Sensor
  • Application Outlook (Revenue, USD Billion; 2017-2027)
    • Civil
    • Robo Taxi
    • Ride hail and share
    • Self-driving bus
    • Self-driving truck
  • Fuel Type Outlook (Revenue, USD Billion; 2017-2027)
    • Internal Combustion Engine (ICE)
    • Hybrid Electric Vehicle (HEV)
    • Battery Electric Vehicle (BEV)

Alongside offering an in-depth analysis of the recent events that took place in the Autonomous Vehicle Market industry, such as technological upgradation and new product launches, the report lays stress on the consequences of these events on the market.

Reasons to choose Emergen Research

Regional Demand Forecasts and Forecasts

Product price volatility

Technology update analysis

Location index analysis

Raw material procurement strategy

Competitiveness analysis

Product composition matrix

Vendor management

Cost-effectiveness analysis

Supply chain optimization analysis

The report focuses on the global Autonomous Vehicle Market market definition, market overview, product scope, description, characterization, and specification. The overall information offered by the report is based on thorough research on the latest market trends, development plans, growth patterns, and regulatory policies.

TOC OF Autonomous Vehicle Market Industry

Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Autonomous Vehicle Market Segmentation & Impact Analysis

4.1. Autonomous Vehicle Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increased energy savings by autonomous vehicles
4.2.2.2. Environmental impact due to traditional vehicles
4.2.2.3. Rising need for road safety
4.2.3. Market restraints analysis
4.2.3.1. Non-availability of infrastructure in developing countries
4.2.3.2. High manufacturing cost
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis

Chapter 5. Autonomous Vehicle Market By Component Type Insights & Trends, Revenue (USD Million)
5.1. Component Type Dynamics & Market Share, 2019 & 2027
5.1.1. Camera
5.1.2. LiDAR
5.1.3. Radar
5.1.4. Ultrasonic Sensor

Continue..!!

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