The latest research report, titled ‘Global Autonomous Vehicle Market’, can be considered a profound analysis of the global Autonomous Vehicle industry that focuses on crucial data and information pertaining to the sales and revenue shares. The market evaluations over the forecast years are based on a comprehensive analysis of the leading market segments, such as product type outlook, application continuum, regional overview, and competitive landscape of the global Autonomous Vehicle market.

The report offers a holistic coverage of the Autonomous Vehicle market, laying emphasis on the key factors influencing the industrial growth, technological developments taking place in the industry, and current and emerging trends witnessed in the leading regional markets. According to our analysts, the global Autonomous Vehicle market is anticipated to deliver an impressive CAGR of 38.5 % over the next eight years, i.e., the forecast duration (2019-2027), to reach a massive valuation of USD 724.36 Billion in 2027 from USD 53.50 Billion in 2019.

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Global Autonomous Vehicle Market Report - Segmental Analysis:

The global Autonomous Vehicle Market is projected to reach USD 724.36 billion by 2027, according to a recent report by Emergen Research. The emergence of advanced driver assistance systems (ADAS) may well be a significant autonomous cars market growth driver. They assist in reducing the pressure on the propulsion by avoiding distractions. These things are mainly equipped with computing and other similar unique features.

Market Segmentation by Product Type:

Camera, LiDAR, Radar, Ultrasonic Sensor

Market Segmentation by Application Type:

Civil, Robo Taxi, Ride hail and share, Self-driving bus, Self-driving truck

Key Geographies Profiled in the Report:

  • North America(the U.S., Mexico, and Canada)
  • Asia Pacific(China, Japan, India, and Rest of Asia Pacific)
  • Europe(the U.K., France, Germany, and Rest of Europe)
  • Latin America(Brazil and Rest of Latin America)
  • Middle East & Africa(GCC Countries and Rest of Middle East & Africa)

Competitive Outlook:

This section of the report performs a thorough investigation into the intensely competitive landscape of the global Autonomous Vehicle market, highlighting the leading manufacturers, strategic initiatives adopted by them, the existing growth prospects, market positions, and market shares held by each participant.  The report further emphasizes the developmental strategies undertaken by these companies, including product innovation, new product launches, and technological upgradation. Moreover, the report studies the notable business events observed in this industry, such as mergers & acquisitions, joint ventures, partnerships, corporate deals, and brand promotions.  The key industry 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

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Key Objectives of the Global Autonomous Vehicle Market Report:

  • An all-inclusive analysis and forecast estimation of the market have been included in this report.
  • The report offers valuable insights into the major drivers, limitations, opportunities, and challenges faced by the global Autonomous Vehicle market and its leading players.
  • The report sheds light on the prominent market contenders, as well as their business strategies and long-term expansion plans.
  • Several countries like Mexico, Canada and also the US are deploying digital infrastructure to promote communication between vehicles and networks to assemble essential information, thereby reducing holdup and improving road safety. Therefore, rise within the event of smart cities is predicted to drive the expansion of the autonomous cars market.
  • The Full automation vehicles may well be a key trend within the autonomous cars market. The autonomous 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.

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The report, additionally, presents a comprehensive analysis of the key elements of the Autonomous Vehicle market that influence its growth over the projected timeline. These vital elements include the key drivers, constraints, opportunities, limitations, threats, and micro and macro-economic factors. The authors of the report have implemented a set of analytical tools, such as SWOT analysis, Porter’s Five Forces analysis, feasibility analysis, and investment return analysis, to offer strategic recommendations to the new entrants on how to overcome the entry-level barriers.

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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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