Autonomous Cars Market is Projected to Witness Exponential Growth by 2024

Global Market Insights, Inc. has released a new research study on Autonomous Cars Market Analysis 2018-2024 inclusive of one or more factors covering regional opportunities, application landscape, product demand trends, and end-use portfolio of the industry over the forecast timeframe. The report also outlines the competitive framework of the industry detailing the SWOT analysis and market share dominance of the prominent players.

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The level-1 based autonomous cars market is primarily driven by the rising road-safety concerns around the world as more and more vehicles are added to the roads each year. The increasing road-safety concerns have prompted governments across the world to introduce programs that mandate the incorporation of ADAS inside vehicles to ensure passenger safety. Programs such as the National Highway Traffic Safety Administration (NHTSA) in the U.S and the New Car Assessment Program (NCAP) in the European Union have impelled vehicle manufacturers to deploy vehicles that include a built-in level-1 semi-autonomous system. Amidst this scenario, it comes as no surprise that level-1 autonomous vehicles account for over 90% of the autonomous cars market share.

Company profiled in autonomous cars market report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

  1. Continental AG
  2. Daimler AG
  3. FCA Fiat Chrysler Automobiles
  4. Nissan Motor Company Ltd.
  5. Ford Motor Company
  6. General Motors Company
  7. Intel Corporation
  8. Jaguar Land Rover Limited
  9. BMW Group
  10. Volvo Car Corporation

Europe accounted for a major stake of over 40% in the autonomous cars market in 2017. The presence of major automakers and the increasing number of investments in the auto tech sector have supported the growth of the market. The government in the region has also invested extensively to improve the road and telecom infrastructure to help self-driving cars to communicate with the surrounding environment in a better manner.

The North American region is anticipated to grow steadily over the projected timespan with a CAGR of over 14% in 2017. The market growth is driven by the presence of large technology players and supportive government policies. The Asia Pacific region is also expected to witness a high growth rate with a CAGR of over 15% in 2017. Governments of countries such as Japan and China have allowed the testing of autonomous vehicles on public roads. The government authorities are collaborating with automakers and universities to introduce self-driving cars on public roads.
The players in the autonomous cars market are focusing on strategic partnerships to increase their market share and attain an edge over their competitors. For instance, in 2018, Renault, Nissan, and Microsoft have signed a multiyear partnership to develop advanced autonomous vehicle technologies

The players in the autonomous cars market are Waymo, Autoliv, BMW, Bosch, Continental, FCA, Ford, General Motors, Hyundai, Toyota, Uber, Volkswagen, Nvidia, Subaru, Tesla, Intel, Jaguar, Nissan, Honda, Daimler, Baidu, Aptiv, and Volvo. The automotive cars market is highly competitive due to the presence of a large number of players in the market.

Browse key industry insights spread across 230 pages with 298 market data tables & 31 figures & charts from the report, “Autonomous Cars Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/autonomous-car-market

Major Table of Content: –

Chapter 5.   Global Autonomous Cars Market, By Level of Autonomy

5.1. Key trends, by level of autonomy

5.2. Level-1

5.2.1. Market estimates and forecast, 2015 – 2024

5.2.2.  Level-1 cars market, by type, 2015 – 2024

5.3. Level-2

5.3.1. Market estimates and forecast, 2015 – 2024

5.3.2.  Level-2 cars market, by type, 2015 – 2024

5.4. Level-3

5.4.1. Market estimates and forecast, 2015 – 2024

5.4.2.  Level-3 cars market, by type, 2015 – 2024

5.5. Level-4

5.5.1. Market estimates and forecast, 2015 – 2024

5.5.2.  Level-4 cars market, by type, 2015 – 2024

Chapter 6.   Global Autonomous Cars Market, By Type

6.1. Key trends, by type

6.2. Internal combustion engine (ICE) vehicle

6.2.1. Market estimates and forecast, 2015 – 2024

6.3. Hybrid electric vehicle (HEV)

6.3.1. Market estimates and forecast, 2015 – 2024

6.4. Battary electric vehicle (BEV)

6.4.1. Market estimates and forecast, 2015 – 2024

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/autonomous-car-market

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