Global Autonomous Vehicles Market Expanding at a CAGR of +39% over the Forecast Period 2016-2024

According to Goldstein Research, global autonomous vehicles market is expected to grow at a CAGR of more than 39% during the forecast period 2016-2024. The autonomous vehicles are still in testing phase but once there is a deployment of autonomous cars (expected by the year 2020), the world autonomous vehicle industry is expecting a sales of more than 600,000 units. The autonomous vehicles market segmentation has been carried out on the basis of technology, vehicle type, components, and geography. Based on technology, semi-automation and driver assistance technology segment is expected to boost the market.

Semi-automation technology is expected to be deployed in near future by the top market players such as Bosh and Volkswagen. Global autonomous vehicles market is majorly driven by North America owing to the fact that adoption of semi-autonomous vehicles and the required infrastructure is apt as compared to other regions of the world. North America is anticipated to be closely followed by Western Europe with nearly 3 million autonomous vehicles to be sold by 2035.

Market Segmentation

On the basis of our in-depth analysis, Global Autonomous Vehicles Market can be segmented as follows:

  • By Technology
    • Driver Assistance
    • Semi-Automation
    • High Automation
    • Full Automation
  • By Vehicle Type
    • Passenger Cars
    • Commercial Vehicles
  • By Components
    • Software
      • Applications
      • Operating systems
    • Hardware
      • Cameras
      • GPS systems
      • Communication Systems
      • Sensors
        • Radars
        • LIDARs
        • Wheel Speed Sensors
        • Ultrasonic
        • Others
  • By Region
    • North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
    • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}


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Autonomous Vehicles Industry – Trends, Key Players, & Challenges

Global Autonomous Vehicles Market Outlook 2024contains a detailed overview of the global autonomous vehicles market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by technology, vehicle type, and components.

Further, for the in-depth analysis, Global Autonomous Vehicles Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Volkswagen Group, Tesla Motors, Daimler Group, Google Inc., Uber, BMW AG, Audi AG, General Motors, Volvo Group, Nissan Motor Company, Baidu Inc., Apple Inc., Ford Motor Company, Toyota Motor Corporation and Dutch Automated Vehicle Initiative (DAVI), etc.

The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global autonomous vehicles market trends along with the market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, market entry advisory, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

About Goldstein Research

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