New York, NY, August 06, 2021 (GLOBE NEWSWIRE) – Facts and Factors has released a new research report titled Autonomous car market by type (fully autonomous, semi-autonomous), by components (LIDAR, ultrasonic sensor, camera, radar and others), by vehicle type (commercial, passenger), by level of automation (level 1 , Level -2, Level 3 and Level 4: Global Industry Outlook, Comprehensive Analysis and Forecast, 2021 – 2026 ”.
“According to the recent research report, the demand for Self-driving car market size and share is expected to reach $ 64.88 billion by 2026 from $ 23.33 billion in 2020, at a compound annual growth rate (CAGR) of 22.7% during the forecast period 2021 to 2026 “
Global Self-Driving Car Market: Overview
An autonomous car is a car that can sense its surroundings and drive itself without human assistance. It is not necessary for a human passenger to take control of the car at any time, nor to be in the vehicle at all. An autonomous automobile can go anywhere a standard car can go and perform any task that a skilled human driver can do. Autonomous vehicles now allow non-drivers and people with disabilities to travel independently. They allow travelers to travel with more luxury and flexibility, allowing them to read, rest or even work on the road, thus increasing their efficiency. Radar, sonar, LIDAR, odometry, GPS and inertial estimation units are some of the sensors used by cars to identify their current situation without anyone’s help. State-of-the-art control frameworks decode tangible data, such as roadblocks and basic signage, to determine appropriate routes. The autonomous vehicle will transform the automotive industry.
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- 2020 updated Report Introduction, Industry Insight and In-Depth Analysis
- Impact analysis of the COVID-19 epidemic included
- Research report of over 225 pages (inclusion of updated research)
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- Updated regional analysis 2020 with graphical representation of size, share and trends
- Includes updated list of table and figures
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(Note: The sample in this report is updated with the COVID-19 impact analysis before delivery)
Major players in the industry market
- Daimler AG,
- Ford Motor Company
- General Motors
- ZF Friedrichshafen AG
- Intel company
- ZF Friedrichshafen AG
- Nvidia Company
- You’re here
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Key questions answered in this report:
- What is the projected market size and growth rate of the Self-Driving Cars market?
- What are the key factors driving the self-driving car market growth?
- What are the major companies operating in the self-driving car market?
- What segments are covered by the self-driving car market?
- How can I get free sample Autonomous Cars Market Company Reports / Profiles?
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Market dynamics and drivers
- Increased demand for connected cars using the Internet of Things (IoT)
Motorists can improve their performance by receiving real-time information from high-speed in-memory processing systems built into connected cars, using the Internet of Things. These integrated computers have functions such as data collection, analysis and storage, which facilitate decision making. Autonomous and semi-autonomous vehicles should benefit from the widespread deployment of connected cars.
A major aspect propelling the self-driving car market is the development of smart city building. Autonomous electric cars help reduce air pollution in smart cities and fight climate change. When self-driving cars are used, traffic accidents can be reduced by 90%, which greatly improves road safety. Improved safety systems and driver assistance features such as blind spot detection and automated emergency braking systems are becoming increasingly popular as the frequency of traffic incidents increases. In addition, the demand for cost-effective autonomous vehicle security solutions is likely to drive the growth of the self-driving car market.
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Global 3D Machine Vision Market: Report Scope
|Market size 2020 value||$ 23.33 billion|
|Market forecast for 2026||$ 64.88 billion|
|Expected CAGR growth||CAGR 22.7% from 2021 to 2026|
|Year of reference||2020|
|Best market players||Waymo, Aptiv, Autoliv, Baidu, BMW, Bosch, Continental, Daimler AG, Ford Motor Company, General Motors, ZF Friedrichshafen AG, Honda, Hyundai and others|
|Covered segments||Type, components, vehicle type, level of automation and region|
|Geographical areas covered||Asia-Pacific, Europe and North America|
|Pricing options||Request personalized purchasing options to meet your research needs. Explore purchasing options|
COVID-19 impact assessment
COVID-19 has impacted the entire automotive industry, prompting manufacturers to cut back on output at their manufacturing plants. Due to the halt in the outbreak at major suppliers, several passenger car manufacturers have cut production in some locations. In order to limit the impact, they were working very hard on countermeasures and alternatives.
Global Self-Driving Car Market: Segmentation
On the basis of type, the self-driving car market is classified into fully autonomous and semi-autonomous. The demand for semi-autonomous and autonomous vehicles is increasing due to various factors, including the need for ease of driving and a growing concern for privacy and comfort, resulting in a demand for high-end technology and an increase in demand for the autonomous and semi-autonomous car. On the basis of components, the market is segmented into LIDAR, Ultrasonic Sensor, Camera, Radar and others. Passenger and utility vehicles are the types of vehicles. The passenger car sector holds the largest market share in the world. The main causes of the strong expansion of automobile production in the world are increasing urbanization, strong population growth, rising living standards and increasing purchasing power.
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North America region dominates the global self-driving car market
The autonomous car market in North America is the largest in the world. For premium autonomous vehicles, the region represents a viable market. The growth of the market is being fueled by factors such as increasing auto sales and concerns about vehicle safety. Europe is the world’s second largest market for self-driving cars. The expansion of the regional market is aided by an increase in sales and R&D spending in the development of luxury cars. By the end of 2026, the Asia-Pacific region is expected to be the second largest market for self-driving cars. The expansion of the regional market is influenced by factors such as increased manufacturing and sales of luxury vehicles.
Browse the full report Autonomous car market by type (fully autonomous, semi-autonomous), by components (LIDAR, ultrasonic sensor, camera, radar and others), by vehicle type (commercial, passenger), by level of automation (level 1 , Level -2, Level 3 and Level 4: Global Industry Outlook, Comprehensive Analysis and Forecast, 2021 – 2026 ” To https://www.fnfresearch.com/autonomous-cars-market
The global self-driving car market is segmented as follows:
- Fully autonomous
- Ultrasonic sensor
By type of vehicle:
By level of automation:
- Level 1
- Level 2
- Level 3
- Level 4
Highlights of this report:
- Statistically validated analysis of historical, current and projected industry trends with information and authenticated data on market sizes in terms of value and volume, where applicable
- Detailed list of top buyers and end users (consumers) analyzed by regions and applications
- Overview of key marketing strategies and key sales channels adopted in the market
- Market attractiveness analysis and analysis of key investment opportunities in the market in the future
- Direct and indirect factors that have had an impact on the industry as well as the proposed justifications that are expected to affect the industry in the future
- Historical and projected market shares of companies / suppliers / OEMs / suppliers, competitive landscape and player positioning data
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