What is Autonomous Cars?
An autonomous car is refer as a vehicle which can guide automatically by itself without any human conduction. This type of vehicle has become a concrete reality and may cover the way for future systems where computers has take over the art of driving. An autonomous car has various name like it is also known as driverless car, self-driving car or robot car
The market study is broken down by Type (Fully-Autonomous Cars and Semi-Autonomous Cars), by Application (Passenger Cars, Public Transportation, Commercial Applications and Air Taxis) and major geographies with country level break-up. According to AMA, the Global Autonomous Cars market is expected to see growth rate of 36.2% and may see market size of USD173.15 Billion by 2027.
Analysts at AMA Research estimates that Vendors from United States and German will contribute to the maximum growth of Global Autonomous Cars market throughout the predicted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Microsoft (United States), Apple (United States), Cisco (United States), IBM (United States), Uber (United States), Mercedes-Benz (Germany), Google (United States), Toyota (Japan), Nissan (Japan) and Volvo (Sweden) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are General Motors (United States), Volkswagen (Germany), Tesla (United States) and BMW (Germany).
AdvanceMarketAnalytics has segmented the market of Global Autonomous Cars market by Type, Application and Region.
On the basis of geography, the market of Autonomous Cars 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). North America region held largest market share in the year 2021. If we see Market by Value Chain, the sub-segment i.e. Original Equipment Manufacturers (OEMs) will boost the Autonomous Cars market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Development Tools will boost the Autonomous Cars market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Civil Use will boost the Autonomous Cars market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
GM started testing autonomous technology on Cadillac cars in Israel
- Increasing development and introduction of HD maps
- OTA updates for automotive related software
- Rising IoT integration which is powered by AI technology in automotive industry
- Growing R&D funding of autonomous cars
- Rising incidences of road accidents, and increase in the demand for automation
- Growth of the mobility as a service (MaaS) sector is predicted to provide an impetus to the market
- Rising acceptance of autonomous vehicles by several governments is expected to boost the rising industrial applications
- Growing development of autonomous fleet services of cab and parcel delivery
- Rising security threats associated to the wide-ranging networks which will connect with autonomous cars
- Privacy and security theft related issue and lack of proper infrastructure which is needed to support autonomous cars, poses several challenges for manufacturers
Key Target AudienceAutomobiles manufacturers, automobiles suppliers, Automobiles dealers, Automobiles wholesalers, Research firm, Regulatory bodies and End user
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.