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. Aside from that, automotive manufacturers are using ADAS in vehicles to reduce the speed of road accidents, further on improve the protection of pedestrians, occupants, and vehicles. However, highly advanced technological systems can often cause failures and malfunctions. This factor may hamper market growth.
The severe global crisis has prompted organizations to efficiently respond to the rapidly shifting business environment. Therefore, the report fully covers the profound impact of COVID-19 on this industry, with a special focus on the affected industry segments. The latest research report can be viewed as a valuable source of viable data and information pertaining to this particular business vertical. It provides a complete overview of the Autonomous Vehicle industry, considering the future growth analysis, demand, and supply graphs, as well as historical and future costs and revenue generation.
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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. The idea about hackers taking control of the vehicles during various situations is more concerning. as an example, the first case of an autonomous car killing a pedestrian was reported in Arizona (USA) in 2018. Chinese researchers in 2017 revealed vulnerabilities in Tesla Model X, when researchers hacked the vehicle via Wi-Fi and cellular connections using software that was sent to the car’s application in a series of circuitous computer exploits.
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.
The global Autonomous Vehicle market study covers the current COVID-19 scenario that has turned the global business sphere upside down. The coronavirus has resulted in a major economic downturn worldwide, while also adversely impacting the growth of this industrial sector. The pandemic has brought about drastic changes in market conditions.
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.
Key participants 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.
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It offers a lucid picture of current trends in the global market, with an unbiased perspective of the leading market players, key regions/countries, end-use industries, and various product types.
- Component Outlook (Revenue, USD Billion; 2017-2027)
- Ultrasonic Sensor
- Application Outlook (Revenue, USD Billion; 2017-2027)
- 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)
The market intelligence report exhaustively examines the market value, share, demand, growth prospects, latest and historical trends, manufacturers, gross revenue collection, competitive terrain, market growth forecast, available products, and end-use applications.
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Regional Outlook (Revenue: USD Billion; 2017-2027)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Saudi Arabia
- Rest of MEA
Key questions addressed in the report:
- What are the key factors driving the global Autonomous Vehicle market?
- Who are the key manufacturers in this market space?
- Who are the distributors, traders and dealers of this market?
- What are the market opportunities and risks affecting the performance of the vendors in the global Autonomous Vehicle market?
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Global Autonomous Vehicle Market Report – Table of Contents:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
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
188.8.131.52. Increased energy savings by autonomous vehicles
184.108.40.206. Environmental impact due to traditional vehicles
220.127.116.11. Rising need for road safety
4.2.3. Market restraints analysis
18.104.22.168. Non-availability of infrastructure in developing countries
22.214.171.124. 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
5.1.4. Ultrasonic Sensor
Chapter 6. Autonomous Vehicle Market By Fuel Type Insights & Trends, Revenue (USD Million)
6.1. Fuel Type Dynamics & Market Share, 2019 & 2027
6.1.1. Internal Combustion Engine (ICE)
6.1.2. Hybrid Electric Vehicle (HEV)
6.1.3. Battery Electric Vehicle (BEV)
Chapter 7. Autonomous Vehicle Market By Application Type Insights & Trends, Revenue (USD Million)
7.1. Application Type Dynamics & Market Share, 2019 & 2027
7.1.2. Robo taxi
7.1.3. Ride hail and share
7.1.4. Self-driving bus
7.1.5. Self-driving truck
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