Autonomous vehicle or driverless auto or self-driving auto is another idea of auto, which is skilled to perusing and detecting nature and works without human info. Right now, many real players are contributing in the improvement of semi-self-governing and completely independent vehicles. Since, 1980s organizations are taking a shot at different model to make the self-ruling vehicle a reality. This market is relied upon to be US $65.3 billion before the finish of gauge period (2016-2027). Right now every one of the models are being tried in the R&D focuses of different car organization, colleges and anticipated that would dispatch the self-ruling vehicles by 2020.
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Key Players for Autonomous Vehicles Market:
- Google (U.S.),
- General Motors (U.S.),
- Volkswagen (Germany),
- BMW (Germany),
- Ford Motor Company (U.S.),
- Baidu (China),
- Toyota (Japan),
- Tesla (U.S.),
- Audi (Germany),
- Jaguar (U.K.) among others.
Study Objectives of Autonomous Vehicles Market:
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the Global Autonomous Vehicles Market
- To provide insights about factors affecting the market growth
- To analyze the Autonomous Vehicles market based on various factors- supply chain analysis, porter’s five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)
- To provide country level analysis of the market with respect to the current market size and future prospective
- To provide country level analysis of the market for segment by sensor, by hardware & software, by type and sub-segments.
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Autonomous Vehicles Market
- Car Manufacturers
- Technology Providers
- Car Component Manufactures
- Sensor Manufactures
- Software Developers
- OEMs in automotive Industry
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- The global Autonomous Vehicles market and is expected to reach $65.3 billion by 2027.
- Radar Sensors are expected to be the fastest growing market with high CAGR of 29.2% between 2016 and 2027.
- Regionally, North America holds the largest market share 39.08% of global Autonomous Vehicles market and is expected to reach $24.40 billion by 2027 from $1.42 billion in 2015.
- Asia Pacific market is expected to be the fastest growing market, and expected to grow at a CAGR of 29.02% from 2016 to 2027
Worldwide autonomous vehicles showcase has been fragmented on the premise of sensors which includes ultrasonic, radar, lidar, picture and other. On the premise of equipment and programming the market is fragmented into cameras, correspondence frameworks, and GPS frameworks. Besides, advertise by sort involves semi-self-ruling vehicles and completely independent vehicles.
Regional Analysis of Autonomous Vehicles Market:
All inclusive, North America is the biggest market for Autonomous Vehicles.
Europe is the second biggest market for independent vehicle with market size of US $1.10 billion in the year 2015 however Asia-Pacific will turn into the second greatest market before the finish of year 2027.
Because of the high innovative progression, Asia-pacific district is required to be the quickest developing locale comprehensively, enlisting 29.2% CAGR amid the conjecture time frame.
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