What Are The Major Trends Impelling Autonomous Cars Market Share Over 2018-2024?

The global autonomous cars market will witness exponential growth over the timeframe of 2018-2024 driven by increasing adoption of self-driving technology. In order to curb growing prevalence of road accidents and fatalities associated with the same, governments have been deploying vehicle safety norms which will further impel industry trends.

Surging investments in the development of road and telecom infrastructure to support autonomous vehicle facilities will boost product demand over the coming years. Global Market Insights, Inc., estimates that market size will surpass 60 million units by 2024.

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Increasing governmental regulations and concerns for vehicle safety across the globe can be attributed to fueling level-1 autonomy-based autonomous cars market size. The active involvement of government authorities to integrate ADAS system in every vehicle to maintain occupational and pedestrian safety has been accelerating the demand for level-1 autonomous vehicles. As per estimates, level-1 autonomous cars may hold 90% of market share by 2024.

ICE cars account for a substantial share in the market. The high demand for ICE-based cars in developing countries like India and Brazil will help to expand market size. For the record, in 2017, ICE cars accounted for more than 95% share of market.

In Europe, the presence of major automobile manufactures and the growing investments in the automotive sector have reinforced market growth. The development of road and telecom infrastructure to improve driverless car technologies will strengthen the adoption of autonomous cars across Europe on a large scale in the near future. As per the industry analysis of Global Market Insights, Inc., in 2017, Europe held over 40% share of autonomous cars industry.

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Shifting focus of automakers toward the development of high-end driverless cars to gain more revenue benefits in the coming years will impel autonomous cars market size. Tax benefits and subsidies provided by the policy makers to promote the use of self-driving vehicles and changing consumer preference will further fuel market share.

Table of Contents (ToC) of the report:

Chapter 1.   Methodology & Scope

1.1. Methodology

1.1.1.   Initial data exploration

1.1.2.   Statistical model and forecast

1.1.3.   Industry insights and validation

1.1.4.   Scope

1.1.5.   Definitions

1.1.6.   Methodology & forecast parameters

1.2. Data Sources

1.2.1.   Secondary    Paid    Public

1.2.2.   Primary

Chapter 2.   Executive Summary

2.1. Autonomous cars industry 360º synopsis, 2015 - 2024

2.1.1.  Business trends

2.1.2.  Regional trends

2.1.3.  Type trends

2.1.4.  Level of Autonomy trends    Level-1 cars trends    Level-2 cars trends    Level-3 cars trends    Level-4 cars trends

Chapter 3.   Autonomous Cars Industry Insights

3.1. Introduction

3.2. Industry segmentation

3.3. Industry landscape, 2015 - 2024

3.4. Industry ecosystem analysis

3.5. Autonomous cars market evolution

3.6. Roadmap for autonomous vehicle

3.7. Patent analysis

3.8. Cost breakdown of autonomous vehicels component

3.9. Pricing analysis of autonomous vehicles

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