Global Autonomous Vehicles Market Overview:
Autonomous vehicle refers to a mode of transportation which automates and guide itself without human conduction. It is widely known as a driverless car, robot car, self-driving car or autonomous vehicle. These vehicles use Artificial Intelligence, light detection & ranging (LiDAR) and RADAR sensing technology capable of reading and sensing the environment operating their selves. Considering the growth in the vehicle to everything (V2X) technology and rising autonomous across industries, the autonomous vehicle market expected to gain traction during the forecasted period. Recently companies such as Toyota, Google and Tesla have taken steps to innovate through technology and find a solution to potential challenges in the market such as improper infrastructure, especially in low and middle-income economies. Some of the key players profiled in the study are Google (United States), General Motors (United States), Ford Motor Company (United States), Tesla (United States), Intel (United States), Daimler AG (Mercedes Benz), Volkswagen (Germany), BMW (Germany), Baidu (China), Toyota (Japan), Audi (Germany) and Jaguar (U.K.). According to Market Analyst at AMA, the Global Autonomous Vehicles market may see a growth rate of 28.0%
On the basis of geography, the market of Autonomous Vehicles has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Component , the sub-segment i.e. Camera will boost the Autonomous Vehicles market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Level of Automation , the sub-segment i.e. Level 3 will boost the Autonomous Vehicles market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Fuel type, the sub-segment i.e. Internal Combustion Engine (ICE) will boost the Autonomous Vehicles market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Availability of ITS Corridors and Smart Road Infrastructure
- Integration of Technologies and Reduction of Manual Errors
- Less Battery Capacity & Less Consumption of Gas Making It Cost-effective
- Better Choice for Safe, Productive and Efficient Driving Option
- Growing Development and Introduction of HD Maps for Autonomous Vehicles
- Growing Use of AI Advancement and Blockchain as Enforcement Technologies
- Concern Related to Full-fledged Safety and Security
- Unavailability of Required Infrastructure in Developing Countries
- Transformation in Autonomous Driving Ecosystem and Robotic Assistance
- Supportive Regulatory Framework and Government Funding
- Growing Demand for Electric and Hybrid Vehicles in Developing Countries
- System Reliability and Uncertainty in User Acceptance
- Deployment of Efficient Crowd Navigation Technologies
In May 2018, Jaguar partnered with Waymo to develop the world’s first premium self-driving electric vehicle. Jaguar Land Rover and Waymo will work together in order to design and engineer self-driving Jaguar I-PACE vehicles. This long-term strategic collaboration goal is to make cars safer, free up people’s valuable time and improve mobility for everyone.
European and North American countries such as the US, Germany, UK, and Netherlands were pioneers of self-driving vehicle licensing, and have introduced regulations for self-driving cars on public roads and issued autonomous testing permits. Last year, 33 US states introduced legislation related to autonomous vehicles and The National Highway Traffic Safety Administration (NHTSA) published the "A Vision for Safety" document, which takes a nonregulatory approach toward promoting AV safety.
Target Audience:Car Manufacturers, Technology Providers, Car Component Manufactures, Sensor Manufactures, Software Developers and OEMs in automotive Industry
Major Objectives Focused through this Study To define, describe, and forecast the Global Autonomous Vehicles market on the basis of product  , application [Transportation and Defense], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Autonomous Vehicles market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Autonomous Vehicles industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Infineon Technologies (Germany), Honda Motor Corporation (Japan), Uber Technologies, Inc. (United States), Volvo Car Corporation (Sweden), Daimler (Germany) and Nissan Motor (Japan).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Autonomous Vehicles market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.