2021 Autonomous Vehicles Market is Booming: Who is Making Money, Who is Paying the Price?

(Heraldkeepers via Comtex)

The Autonomous Vehicles Market size is projected to reach USD XX Million by 2026, from USD XX Million in 2020 growing at a CAGR of XX during 2021-2026. The research covers the current and historic autonomous vehicles market size and its growth trend with company outline of Key players/manufacturers: Google, General Motors, Volkswagen, BMW, Ford Motor Company, Baidu, Toyota, Tesla, Audi, and Jaguar among others.

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This global Autonomous Vehicles market report identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the industry with analysis on vendors, geographical regions, types, and applications. This Autonomous Vehicles market study estimates the market status, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors. This report proves to be an indispensable document for every market enthusiast, policymaker, investor, and player. This global Autonomous Vehicles market research report is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis.

With the effectual use of technology, innovative applications and expertise, this Autonomous Vehicles market research report has been generated which successfully manages bulky and complex market data tables. To give clear idea about the current and future marketplace, most up to date market insights and analysis has been offered via this report. Several critical market factors covered in this Autonomous Vehicles Market report consist of primary research, benchmarking studies, secondary research, company profiles, competitive intelligence & reporting, syndicated research, data collection, data processing and analysis, survey design, and survey programming. Market research report execution is becoming very central for the businesses to gain success because it offers insights into revenue growth and sustainability initiative.

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The supportive regulatory framework, government funding, and investment in digital infrastructure are expected to play a key role in positively affecting the self-driving car market growth over the forecast period. The market has a wide range of products and systems that make up the autonomous vehicle infrastructure.

Autonomous vehicles enable independent mobility for non-drivers as well as people suffering from certain disabilities. They allow travelers to travel with more comfort and flexibility to read, rest, or even work while traveling, thereby increasing their efficiency. They can also reduce the paid driver cost for commercial vehicles and taxis. Other benefits such as improved safety, reduced crash risks, and increased road capacity will significantly contribute to the adoption of these vehicles in the market.

Autonomous vehicle is made up of numerous sensors, such as LiDAR and RADAR systems, working concurrently in order to carry out operations automatically, without the help of drivers. By performing situational analysis, motion planning, and trajectory control, these sensors help in the process of navigation. Growing safety concerns and advancements in automotive technologies have led to the penetration and acceptance of autonomous vehicles by the governments of countries, such as the U.S., Germany, China, and Japan, among others. Such factors are anticipated to fuel the self-driving vehicles market growth in the forecast period.

Many government entities are taking various initiatives to launch autonomous vehicles in their countries. For instance, in February 2018, the European Union (EU), along with the ENSEMBLE consortium and TNO, the Netherlands organization for applied scientific research, announced the implementation plan of multi-brand truck platooning on European roads. The multi-brand truck platooning will enable a single truck to form a connected convoy with other trucks. Such initiatives will improve the fuel economy, increase traffic capacity, and reduce carbon-dioxide emissions in the EU.

Application Insights

Based on the application, the autonomous vehicle market is categorized into transportation and defense. The transportation segment is further bifurcated into industrial and commercial applications. The defense sector is expected to emerge as the largest segment over the forecast period due to rising number of initiatives across various regions, such as North America. For instance, in April 2019, the U.S. Army announced that it will see the deployment of autonomous combat trucks to help soldiers avoid accidents that are caused due to driving.

The transportation segment is expected to witness significant growth in the forthcoming years due to the rising adoption of autonomous vehicles in transportation. For instance, in December 2019, Baidu, a provider of Internet-related products and services, announced that it has secured 40 licenses that will enable the company to test driverless cars. In the transportation type segment, the industrial segment is estimated to expand at a high CAGR in the forecast period. This is due to advancements in technologies and the rising acceptance of autonomous vehicles by various governments across the globe.

Major Classifications are as follows:

Autonomous Vehicles Market: By Level of Automation

Level 3
Level 4
Level 5

Autonomous Vehicles Market: By Component


Autonomous Vehicles Market: By Type

Fully Autonomous

Autonomous Vehicles Market: By Application

Robo Taxi
Self-driving Bus
Ride Share
Self-driving Truck
Ride Hail

Autonomous Vehicles Market: By Geography

United Kingdom
Rest of Europe
South Korea
Rest of Asia Pacific
North America
South America
Rest of South America
Rest of the World
Middle East

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Autonomous Vehicles Market : Report Chapters

Chapter 01 - Executive Summary

Chapter 02 - Market Overview

Chapter 03 - Key Market Trends

Chapter 04 - Key Success Factors

Chapter 05 - Global Autonomous Vehicles Market – Pricing Analysis

Chapter 06 - Global Autonomous Vehicles Market Demand (in Value or Size in US$ Mn) Analysis and Forecast, 2021-2026

Chapter 07 - Market Background

Chapter 08 - Global Autonomous Vehicles Market Analysis () & Opportunity Assessment , By Product Type

Chapter 09 - Global Autonomous Vehicles Market Analysis & Opportunity Assessment , by Distribution Channel

Chapter 10 - Global Autonomous Vehicles Market Analysis & Opportunity Assessment , by Region

Chapter 11 - North America Autonomous Vehicles market Analysis & Opportunity Assessment

Chapter 12 - Latin America Autonomous Vehicles Market Analysis & Opportunity Assessment

Chapter 13 -Europe Autonomous Vehicles market Analysis & Opportunity Assessment

Chapter 14 - East Asia Autonomous Vehicles market Analysis and Forecast

Chapter 15 - South Asia Autonomous Vehicles market Analysis and Forecast

Chapter 16 - Oceania Autonomous Vehicles market Analysis and Forecast

Chapter 17 - MEA Autonomous Vehicles market Analysis & Opportunity Assessment

Chapter 18 - Market Structure Analysis

Chapter 19 - Competition Analysis

Chapter 20 - Assumptions and Acronyms Used

Chapter 21 - Research Methodology

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