Volvo is one of the leading automobile manufacturers and would launch its first driverless car by year 2017. However, the lack of infrastructural development to support V2V connections, stringent government regulations and increased threats arising from terrorism, prove to be a major restraint for this market. The growing demand for smart and automated vehicle systems should boost the market of driverless cars. The development cost for the driverless car technology is very high, however, as technology advances the price is expected to decline. The study projects affordability and a rise in the adoption of these cars, amongst middle-class families, during 2040-2050.
The global driverless car market is segmented on the basis of components and geography. The component market comprises of radar sensors; video cameras; LiDAR sensor; ultrasound sensors and a central computing system. Geographically, the driverless car market is segmented across North America, Europe, Asia-Pacific and LAMEA (Latin America, Middle East and Africa). The key companies profiled in this report are, Google, Inc.; Daimler AG; Ford Motor Company; Toyota Motor Corporation; BMW AG; Audi AG ; AB Volvo ; Dutch Automated Vehicle Initiative (DAVI); Autonomous Lab; and Volkswagen.
KEY BENEFITS OF REPORTS
Key investment pockets for various component areas
Illustrative segmentation and forecast of major geographic areas, to provide an overview of the driverless car market
Key market trends, key player analysis and derivation of top three winning strategies
Estimation for various segments of the driverless car market along with an analysis of the competitive landscape
Qualitative analysis of factors affecting market growth and the study of emerging key trends
Detailed analysis of porter’s five forces model and a value chain analysis of the driverless car market
DRIVERLESS CAR MARKET KEY SEGMENTS
The market is segmented on the basis of component and geography.
MARKET BY COMPONENT
Radar Sensor
Video Cameras
LiDAR Senor
Ultrasound Sensor
Central Computing System
GPS Navigation System
MARKET BY GEOGRAPHY
North America
Europe
Asia Pacific
LAMEA
KEY PLAYERS
Google, Inc.
Daimler AG
Ford Motor Company
Toyota Motor Corporation.
BMW AG
Audi AG
AB Volvo
Dutch Automated Vehicle Initiative (DAVI)
AutoNOMOS Labs
Volkswagen
Samples
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Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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