Autonomous Cars Market Share – Industry Analysis By Type, Growth, Trends, Top Key Players and Forecast 2019-2024

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Global Autonomous Cars Market Report added at Market Study Report LLC offers industry size, share, growth, trends and forecast analysis up to 2024. Autonomous Cars Market Report also covers top key players, porters five forces analysis and market segmentation in detail. This report examines the global Autonomous Cars market and provides information regarding the revenue for the period 2019 to 2024.

The technological advancements in the autonomous industry are fast outdoing the existing regulatory framework. Therefore, the gap between the regulatory framework and the self-driving technology is steadily widening. Moreover, the lack of adequate road infrastructure is also plaguing the growth of the autonomous cars market. 

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Autonomous Cars Market is anticipated to exceed 60 million units by 2024. The market is driven by the increasing R&D activities for the development of self-driving technology. The automakers around the world are implementing various strategies to accelerate the innovations in the self-driving vehicles landscape. The autonomous cars industry is promising lucrative returns to all the parties involved in the production & distribution of autonomous technology. In addition, the growing concerns about vehicle safety among the regulatory authorities have driven them to implement stringent vehicle safety regulations.

The level 1 autonomous cars are expected to account for over 90% of the autonomous market. The market is driven by the growing number of vehicle safety concerns around the world. The government authorities are consistently working on improving the safety of these cars by mandating the use of ADAS systems in the vehicles. This has led automakers to launch their own level 1 self-driving solutions. The level 4 cars are still in the development phase and are expected to be commercially available by 2022. The automakers have increased their R&D spending to intensify their efforts for the development of self-driving cars. The companies are obtaining licenses from various local authorities to test their level 4 self-driving technology.  

Internal Combustion Engine (ICE) cars hold a majority share in the autonomous cars market with a market share of over 95% in 2017. This growth is attributed to the high demand for ICE-based cars in emerging nations such as India and Brazil. However, the rising concerns toward environmental safety and the increasing number of government regulations to reduce carbon emissions have restricted the growth of the ICE cars market. The supportive government policies such as tax benefits and subsidiaries are fostering the growth of the Hybrid Electric Vehicle (HEV) market.

Europe accounted for a major stake of over 40% in the autonomous cars market in 2017. The presence of major automakers and the increasing number of investments in the auto tech sector have supported the growth of the market. The government in the region has also invested extensively to improve the road and telecom infrastructure to help self-driving cars to communicate with the surrounding environment in a better manner.

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The North American region is anticipated to grow steadily over the projected timespan with a CAGR of over 14% in 2017. The market growth is driven by the presence of large technology players and supportive government policies. The Asia Pacific region is also expected to witness a high growth rate with a CAGR of over 15% in 2017. Governments of countries such as Japan and China have allowed the testing of autonomous vehicles on public roads. The government authorities are collaborating with automakers and universities to introduce self-driving cars on public roads.

The players in the autonomous cars market are Waymo, Autoliv, BMW, Bosch, Continental, FCA, Ford, General Motors, Hyundai, Toyota, Uber, Volkswagen, Nvidia, Subaru, Tesla, Intel, Jaguar, Nissan, Honda, Daimler, Baidu, Aptiv, and Volvo. The automotive cars market is highly competitive due to the presence of a large number of players in the market.

The players in the autonomous cars market are focusing on strategic partnerships to increase their market share and attain an edge over their competitors. For instance, in 2018, Renault, Nissan, and Microsoft have signed a multiyear partnership to develop advanced autonomous vehicle technologies. The new technologies will improve the driver experience through advanced navigation, predictive maintenance, and remote monitoring features. Similarly, in 2017, Velodyne collaborated with Autoliv to develop & market auto-grade LiDAR sensors. Under this agreement, both the companies will provide key components, technologies, and the intellectual know-how to develop affordable and high-performance LiDAR solutions for the automotive market.

Table of Content:

Chapter 1.   Methodology & Scope

 1.1. Methodology

 1.1.1.   Initial data exploration

 1.1.2.   Statistical model and forecast

 1.1.3.   Industry insights and validation

 1.1.4.   Scope

 1.1.5.   Definitions

 1.1.6.   Methodology & forecast parameters

 1.2. Data Sources

 1.2.1.   Secondary    Paid    Public

 1.2.2.   Primary

 Chapter 2.   Executive Summary

 2.1. Autonomous cars industry 360º synopsis, 2015 – 2024

 2.1.1.  Business trends

 2.1.2.  Regional trends

 2.1.3.  Type trends

 2.1.4.  Level of Autonomy trends    Level-1 cars trends    Level-2 cars trends    Level-3 cars trends    Level-4 cars trends

 Chapter 3.   Autonomous Cars Industry Insights

 3.1. Introduction

 3.2. Industry segmentation

 3.3. Industry landscape, 2015 – 2024

 3.4. Industry ecosystem analysis

 3.5. Autonomous cars market evolution

 3.6. Roadmap for autonomous vehicle

 3.7. Patent analysis

 3.8. Cost breakdown of autonomous vehicels component

 3.9. Pricing analysis of autonomous vehicles

 3.10.    Technology and innovation landscape

 3.10.1. LiDAR

 3.10.2. Artificial Intelligence

 3.10.3. Hydrogen fuel cells

 3.10.4. Dedicated short range communications (DSRC) & 5 LTE technology

 3.11.    Regulatory landscape

 3.12.    Industry impact forces

 3.12.1.    Growth drivers     Increasing R&D activities for development of self driving vehicles     Rising investment in Auto-Tech     Supportive government initiatives     Widespread adoption of ADAS platform     Advancement in LiDAR technology

 3.12.2.    Industry pitfalls & challenges     High cost of autonomous vehicles     Securtiy and safety     Lack of infrastructure in developing countries     Considerable gap in the existing automous vehicle regulations

 3.13.    Growth potential analysis

 3.14.    Porter’s analysis

 3.15.    PESTEL analysis

 Chapter 4.   Competitive Landscape

 Chapter 5.   Global Autonomous Cars Market, By Level of Autonomy

Chapter 6.   Global Autonomous Cars Market, By Type

Chapter 7.   Global Autonomous Cars Market, By Region

Chapter 8.   Global Autonomous Cars Market Company Profiles

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Related Report:

Global Autonomous Cars/Driverless Cars Industry Market Research 2019

In this report, we analyze the Autonomous Cars/Driverless Cars industry from two aspects. One part is about its production and the other part is about its consumption. In terms of its production, we analyze the production, revenue, gross margin of its main manufacturers and the unit price that they offer in different regions from 2014 to 2019. In terms of its consumption, we analyze the consumption volume, consumption value, sale price, import and export in different regions from 2014 to 2019. We also make a prediction of its production and consumption in coming 2019-2024.

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