8 July 2019 – The
Global Autonomous Vehicle Market is
subject to witness a substantial growth due to the shifting focus towards a
supportive regulatory framework, increase in government funding to promote
adoption of automation and digitalization in the automotive sector and recent
advancement in the digital infrastructure. The autonomous vehicles are also
referred as self-driven cars; they are considered as a key innovation in the
automobile sector.
Growing popularity among consumers is considered as major
catalyst for the robust market growth of autonomous vehicles industry, in the
recent years. Globally, the autonomous vehicles market is predicted to grow at
CAGR of 41.61% over the forecast period, providing numerous opportunities for
market players to invest in research and development of the autonomous vehicles
market.
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Additionally, availability of a wide range of products and
vast industrial infrastructure in the North America and European region are
anticipated to fuel the market demand for the autonomous vehicles over the
forecast period. The recent technological advancements coupled with development
of the novel products such as Lidar, stereo vision, GPS and IMU are expected to
boost market growth in the upcoming years.
The autonomous vehicles market is broadly categorized into
two major types based on the end-user requirements such as transportation and
defense. Transportation is considered as one of the fastest growing segment in
the autonomous vehicles market with substantial revenue generation in the last
couple of years. The transportation market segment is further divided into two
types such as industrial and commercial sub-segment. The commercial sub-segment
has witnessed exponential growth over the forecast period owing to the high
adoption of driverless technology in transportation and favorable government
initiatives regrading transport regulations in order to generate a gateway for
self-driving vehicles.
The key players in the autonomous vehicles market are Audi
AG, BMW AG, Daimler (Mercedes Benz) Inc., Ford Motor Company Co., General
Motors, Inc., Google LLC, Honda Motor Co., Nissan Motor Company Co., Tesla,
Inc., Toyota Motor Co., Uber Technologies, Inc.; Volvo Car Co., and Volkswagen
Group.
Market Segment:
The following
manufacturers are covered in this report:
• Google
• Nissan
• Volvo
• General Motors
Autonomous Vehicle
Breakdown Data by Type
• Fixed-point Vehicles
• Scenic-spot Vehicles
Autonomous Vehicle
Breakdown Data by Application
• Transportation
• Tourism
• Others
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