Autonomous Vehicles: Revolution In Automotive Industry

By Goldstein Market Intelligence || 2018-10-25 4:13:18 AM

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Global Autonomous Vehicles Market

Industry Overview

According to Goldstein Research, “Increasing road accidents, huge investments from the automakers and significant technological advancements in the automotive industry are the key factors for the growth of autonomous vehicles market.” Moreover, growing consumer inclination towards convenient technologies is expected to augment the sales of vehicles with autonomous features to some extent in the coming years.

“Global Autonomous Vehicles Market Outlook 2024”

The Autonomous Vehicles Market is segmented based on technology, by vehicle type and by components. Vehicle type is further commercial and passenger cars. Based on vehicle type, driver assistance and semi-autonomous passenger cars are projected to dominate the autonomous / self-driving car's market across the globe. Huge capital investments and R&D activities by the major automotive manufacturers to deploy the semi-autonomous cars will significantly boost the self-driving vehicles market growth in the nearby future.

Browse Full Report: Autonomous Vehicles Market

Based on technology type, driver assistance technology accounted for the largest market share of global autonomous vehicles. From 2025 to 2035, the global market for partially and fully autonomous passenger cars will likely reach to between USD 42 billion and USD 77 billion.

In terms of geography, North America accounted for the highest market share in 2016 and will continue to dominate the market during the forecast period as well. One of the key factors for the market’s growth in the region is the amplified investments towards the advancement of technologies such as ADAS, electronic braking system, and LIDARs.

Augmented Investments: Major Boost

Automotive OEMs and investors are flowing money into numerous companies developing hardware and software for many different types of autonomous vehicles. The huge investment activities not only spans a wide range of vehicle types but also includes different specialties through the value chain in the fragmented driverless vehicles market. For instance, Zenuity a developer of software for autonomous vehicle systems raised over USD 120 million in growth equity in 2017.

“Global Autonomous Vehicles Market Outlook 2024” contains a detailed overview of the global autonomous vehicles market in terms of market segmentation by technology, by vehicle type and by components.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.

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Global Autonomous Vehicles Market Report also provides the competitive outlook of some of the major players which includes profiling of companies such as Volkswagen Group, Tesla Motors, Daimler Group, Google Inc., Uber, BMW AG, Audi AG, General Motors, Volvo Group etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments.

Overall, the report represents comprehensive synopsis on the global autonomous vehicles market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

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