Autonomous Car-as-a-Product (CaaP) Market: Introduction
Autonomous Car-as-a-Product concept features a fully autonomous vehicle that is available for private purchase. Consumers would have the option to use the fully autonomous mode, or switch to manual mode and drive the vehicle themselves. Car-as-a-Product without full automation exists currently as a privately-owned vehicle.
Key Players Operating in Autonomous Car-as-a-Product (CaaP) Market
The global autonomous Car-as-a-Product (CaaP) market is moderately consolidated. A few of the key players operating in the global autonomous Car-as-a-Product (CaaP) market are:
- GM
- Nissan
- Zoox
- Baidu
- Tesla
- Nuro
- Waymo
- Argo AI
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Key Drivers of Autonomous Car-as-a-Product (CaaP) Market
The autonomous Car-as-a-Product (CaaP) market has been driven by the need for ease in driving, concerns about safety and security, stress-free parking. Newer cars already feature machine-corrective and machine-assisted technologies such as lane correction, potential collision detection, and automated parking. Some automaker including Tesla and Audi include semi-autonomous driving features that fall in the Level 3-functionality tier.
Challenges in Autonomous Car-as-a-Product (CaaP) Market
Use of advanced technology and expensive equipment functional materials make autonomous cars expensive. Furthermore, automakers invest significantly on R&D, which also makes autonomous cars expensive. Thus, the cost of autonomous cars is initially high. However, the cost of the vehicle is anticipated to decrease after 10 years, giving way for the average consumer to afford such vehicles. Therefore, the high cost is a major factor that is estimated to hinder the autonomous car-as-a-product market in the next few years.
Global Autonomous Car-as-a-Product (CaaP) Market: Research Scope
Global Autonomous Car-as-a-Product (CaaP) Market, by Autonomy Level
- Level 1
- Level 2
- Level 3
- Level 4
- Level 5
Global Autonomous Car-as-a-Product (CaaP) Market, by Propulsion
- IC-Engine
- Hybrid
- Electric
Global Autonomous Car-as-a-Product (CaaP) Market, by Car Type
- Hatchback
- Sedan
- Utility Vehicle
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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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