The global Autonomous Vehicle Market is projected to reach USD 724.36 billion by 2027, according to a recent report by Emergen Research. The emergence of advanced driver assistance systems (ADAS) may well be a significant autonomous cars market growth driver. They assist in reducing the pressure on the propulsion by avoiding distractions. These things are mainly equipped with computing and other similar unique features. Additionally, the growing adoption of cutting-edge technologies in mapping, cameras, processors, software sensors and algorithms are resulting in the betterment of the applicability of ADAS in every vehicle.
The report provides detailed insights into Autonomous Vehicle market revenue trends, industry trends, consumer trends, market size, market share, market revenue growth drivers, and forecast, along with ranging impact of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in Autonomous Vehicle market size over the forecast period, 2020–2028. The report includes profiles of major Autonomous Vehicle players in the market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials. Also included are details regarding top Autonomous Vehicle market players, manufacturers, and vendors and the various strategies being deployed in the market and objectives for these strategies.
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Global Autonomous Vehicle market revenue growth is primarily driven by rising focus by major companies on product portfolio expansion, entry into new and untapped domestic and international markets, rising investments my top Autonomous Vehicle market players, manufacturers, and vendors in strategic agreements and contracts, and rapidly increasing competition in the Autonomous Vehicle market.
In addition, rapidly rising demand and deployment in respective sectors/industries in major and developing countries is supporting growth in terms of Autonomous Vehicle market share contribution of these countries. In addition, Autonomous Vehicle market share contribution is expected to continue to incline steadily over the forecast period due to favorable government policies, advancements in technology, and steady economic growth across various regions and countries.
Top key vendors in Autonomous Vehicle Market include are:
- Key participants include Honda Motor Corporation, , Daimler AG (Mercedes Benz), Ford Motor Company, BMW AG, General Motors, Audi AG, Nissan Motor Company, Tesla and Toyota Motor Corporation among others.
or the purpose of this report, Emergen Research has segmented into the global Autonomous Vehicle Market on the basis of source, application and region:
- Component Outlook (Revenue, USD Billion; 2017-2027)
- Camera
- LiDAR
- Radar
- Ultrasonic Sensor
- Application Outlook (Revenue, USD Billion; 2017-2027)
- Civil
- Robo Taxi
- Ride hail and share
- Self-driving bus
- Self-driving truck
- Fuel Type Outlook (Revenue, USD Billion; 2017-2027)
- Internal Combustion Engine (ICE)
- Hybrid Electric Vehicle (HEV)
- Battery Electric Vehicle (BEV)
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In terms of Autonomous Vehicle market share and revenue contribution to the global Autonomous Vehicle market, North America is expected to maintain its dominance over other regional markets over the forecast period. Presence of major companies in countries in the region is a key factor supporting rapid increase in Autonomous Vehicle market share.
The market intelligence report on the Autonomous Vehicle Industry also includes an extensive investigation of the competitive landscape. It assesses the business and marketing strategies expected to be present in the market through the forecast years. It also includes an investigation of the recent advancements and other factors driving the growth of the overall market to help comprehend the progress of the companies in the coming years.
Region wise performance of the Autonomous Vehicle industry
North America Autonomous Vehicle market revenue growth was relatively higher than that of other regional markets in 2020. North America Autonomous Vehicle market revenue is expected to continue to remain dominant over the forecast period, supported by robust presence of top market players, manufacturers, and vendors, and favorable government policies and norms in countries in the region.
Asia Pacific Autonomous Vehicle market revenue registered fastest growth rate in 2020, and this trend is expected to continue over the forecast period. Asia Pacific Autonomous Vehicle market revenue growth is driven by significant market revenue contribution from China, India, and South Korea. China is a robust hub for top Autonomous Vehicle market players, manufacturers, and vendors, as well as easy access to raw materials and workforce at more economical costs that that of other regional markets.
Europe Autonomous Vehicle market revenue is expected to continue to remain steady over the forecast period, attributed to changing trends in various market and robust focus on research and development initiatives by top market players, manufacturers, and vendors to expand global footprint and drive revenues and profits.
Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
- United States
- Europe
- China
- Japan
- Southeast Asia
- India
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
We can customize our reports for our customers, for instance, we can add or remove manufacturers, applications or product types, whatever you need in the report. Ask for it by contacting us@ https://www.emergenresearch.com/request-for-customization/59
The research provides answers to the following key questions:
- What will be the growth rate and the market size of the Autonomous Vehicle industry for the forecast period 2020-2027?
- What are the major driving forces expected to impact the development of the Autonomous Vehicle market across different regions?
- Who are the major driving forces expected to decide the fate of the Autonomous Vehicle industry worldwide?
- Who are the prominent market players making a mark in the Autonomous Vehicle market with their winning strategies?
- Which Autonomous Vehicle industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
- What are the key barriers and threats believed to hinder the development of the industry?
- What are the future opportunities in the Autonomous Vehicle market?
Table of Content
Chapter 1. Methodology & Sources
1.1. Autonomous Vehicle Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Autonomous Vehicle Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2024-2028
Chapter 3. Key Insights
Chapter 4. Autonomous Vehicle Market Segmentation & Impact Analysis
4.1. Autonomous Vehicle Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Autonomous Vehicle Market indicators analysis
4.2.2. Autonomous Vehicle Market drivers analysis
4.2.2.1. Rapid urbanization and industrialization
4.2.2.2. Stringent government regulations regarding carbon emissions
4.2.2.3. Increasing prevalence of respiratory diseases
4.2.2.4. Rising need to enhance indoor air quality
4.2.3. Autonomous Vehicle Market restraints analysis
4.2.3.1. High cost associated with the maintenance of Autonomous Vehicle products
4.2.3.2. Availability of renewable sources of energy
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 10. Competitive Landscape
10.1. Autonomous Vehicle Market Revenue Share By Manufacturers
10.2. Mergers & Acquisitions
10.3. Competitor’s Positioning
10.4. Strategy Benchmarking
10.5. Vendor Landscape
10.5.1. Raw Material Suppliers
10.5.1.1. North America
10.5.1.2. Europe
10.5.1.3. Asia Pacific
10.5.1.4. Middle East & Africa
10.5.1.5. Latin America
10.5.2. Distributors
10.5.2.1. North America
10.5.2.2. Europe
10.5.2.3. Asia Pacific
10.5.2.4. Middle East & Africa
10.5.2.5. Latin America
10.5.3. Others
Continued….
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