Emergen Research has recently added a new report titled Global Autonomous Vehicle Market Forecast to 2027 that offers a comprehensive idea about the vital elements of the Autonomous Vehicle market. The report estimates the market is expected to show significant growth over the projected timeline owing to technological advancements and developments. The report thoroughly examines the historical data (2018-2019) and current market scenario to offer accurate estimations for the growth of the industry in the forecast timeline 2020-2027. The report also offers insightful data about market drivers and restraints, threats, opportunities, and current and emerging trends of the market.
The key factors hindering the expansion of the autonomous cars market is cybersecurity and the safety precautions surrounding it. Although the self-driving car market has enormous growth potential, many purchasers don’t seem to be quite able to deliver the keys because of the threat of hackers as they’re tend to take control of data during various situations as well as set destinations that is likely to threaten the privacy of passengers. The idea about hackers taking control of the vehicles during various situations is more concerning. as an example, the first case of an autonomous car killing a pedestrian was reported in Arizona (USA) in 2018. Chinese researchers in 2017 revealed vulnerabilities in Tesla Model X, when researchers hacked the vehicle via Wi-Fi and cellular connections using software that was sent to the car’s application in a series of circuitous computer exploits.
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Key Highlights From The Report
- Full automation vehicles may well be a key trend within the autonomous cars market. The automation vehicles can potentially perform most of the driving functions in all circumstances, these vehicles are being designed to be used as robo-taxis, among others, like Waymo. With time, these cars are likely to blend with US roadways by improving technology across six stages of driver assistance within the approaching years from No automation (where a very engaged driver continues to be required) to full autonomation (where an automatic vehicle runs independently, without somebody’s driver). Tesla has confirmed that it plans to supply a software update to its vehicles sometime by the tip of 2019 or early 2020. Also, per Wired, by the tip of 2020, Teslas are fully autonomous.
- In June 2019, Apple, an American technology company acquired Drive.ai, a California based company, which works on autonomous cars for an undisclosed amount. This acquisition boosted Apple’s own development of a self-driving vehicle system.
- 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.
Autonomous Vehicle Market Segmentation:
For 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)
The regional bifurcation of the market analyzes key market segments such as North America, Latin America, Europe, AsiaPacific, and Middle East & Africa.In conclusion, the research report on the Autonomous Vehicle market assesses growth prospects, opportunities, challenges, risks, threats, and trends to offer a comprehensive idea of the regional and global Autonomous Vehicle market.
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Key Benefits of the Global Autonomous Vehicle Market Report:
- Comprehensive analysis of the changing competitive landscape
- Assists in decision making processes for the businesses along with detailed strategic planning methodologies
- The report offers an 8-year forecast estimation and assessment of the Global Autonomous Vehicle Market
- Helps in understanding the key product segments and their estimated growth rate
- In-depth analysis of market drivers, restraints, trends, and opportunities
- Comprehensive regional analysis of the Global Autonomous Vehicle Market
- Extensive profiling of the key stakeholders of the business sphere
- Detailed analysis of the factors influencing the growth of the Global Autonomous Vehicle Market
Table Of Content:
Chapter 1. Market Synopsis
1.1. 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. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
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. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increased energy savings by autonomous vehicles
4.2.2.2. Environmental impact due to traditional vehicles
4.2.2.3. Rising need for road safety
4.2.3. Market restraints analysis
4.2.3.1. Non-availability of infrastructure in developing countries
4.2.3.2. High manufacturing cost
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
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