Autonomous Vehicle Market Trend, Share, Demand, Growth Rate and Opportunity Assessment till 2027

Autonomous Vehicle Market Size – USD 53.50 Billion in 2019, Autonomous Vehicle Market Growth - CAGR of 38.5%, Autonomous Vehicle Market Trends – Growing road safety concerns among consumers

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. Additionally, the growing adoption of cutting-edge technologies in mapping, cameras, processors, software sensors and algorithms are resulting in the betterment of the applicability of ADAS in every vehicle. Aside from that, automotive manufacturers are using ADAS in vehicles to reduce the speed of road accidents, further on improve the protection of pedestrians, occupants, and vehicles. However, highly advanced technological systems can often cause failures and malfunctions. This factor may hamper market growth.

The report offers these individuals a vivid description of the competitive spectrum of the global Autonomous Vehicle market. The report’s authors have offered necessary details on the latest Autonomous Vehicle market trends and the crucial parameters impacting both short-term and long-term market growth. The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry. The report aims to offer the readers a holistic understanding of the relevant features of the industry.

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Market Dynamics:

The report offers insightful information about the market dynamics of the Autonomous Vehicle market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Autonomous Vehicle market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Autonomous Vehicle market.

Radical Highlights of the Autonomous Vehicle Market Report:

  • Comprehensive overview of the Autonomous Vehicle market along with analysis of the changing dynamics of the market
  • Growth Assessment of various market segments throughout the forecast period
  • Regional and global analysis of the market players, including their market share and global position

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Competitive Landscape:

Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.

Key Companies Profiled in the Report:

Audi AG; BMW AG; Daimler AG; Ford Motor Company; General Motors Company; Google LLC; Honda Motor Co., Ltd.; Nissan Motor Company; Tesla; Toyota Motor Corporation; Uber Technologies, Inc.; Volvo Car Corporation; and Volkswagen AG

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Autonomous Vehicle Market Segmentation:

  • Component Outlook (Revenue, USD Billion; 2017-2027)

    • Camera
    • LiDAR
    • Radar
    • Ultrasonic Sensor
  • Application Outlook (Revenue, USD Billion; 2017-2027)

    • Civil
    • Robo Taxi
    • Ride hail and share
    • Self-driving bus
    • Self-driving truck
  • Fuel Type Outlook (Revenue, USD Billion; 2017-2027)

    • Internal Combustion Engine (ICE)
    • Hybrid Electric Vehicle (HEV)
    • Battery Electric Vehicle (BEV)

Regional Segmentation;

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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