“Global Autonomous Cars Market is estimated to be worth USD 9.1 Billion in 2021 and is expected to reach USD 24.1 Billion by 2026, growing at a CAGR of 21.5%
”
FEATURED COMPANIES
- Apple Inc.
- Auto. Inc.
- Embark Trucks Inc.
- Honda Motor Corporation
- Nvidia Corporation
- Volkswagen AG
- MORE
The Global Autonomous Cars Market is estimated to be worth USD 9.1 Billion in 2021 and is expected to reach USD 24.1 Billion by 2026, growing at a CAGR of 21.5%.
Autonomous cars provide flexibility of hands-free driving and provide comfort during driving. They are integrated with highly sensitive sensors, improving safety, avoiding accidents, dangerous driver behaviors, and increasing efficacy. In addition, autonomous cars have revolutionized transport for disabled people and the geriatric population. Rapid improvement of sensors, actuators, complex algorithms, high definition mapping, machine learning systems, system processors, etc., has encouraged market players to expand their product line. Furthermore, increasing concerns of environmental and safety have escalated the demand for autonomous cars. However, the high cost of cars and infrastructure investment are major concerns for the market development. Cyber threats of smart mobility and no infrastructure for licensing yet available are current challenges companies are facing.
Government initiatives to promote autonomous cars and Player's initiatives in expanding the market through partnership and collaboration are anticipated to create lucrative opportunities during the forecast period.
The Global Autonomous Cars Market is segmented based on Type and Geography.
Some of the companies covered in this report are Daimler AG (Mercedes Benz), Volvo Group, Bayerische Motoren Werke GmbH, Waymo LLC (Google LLC), Tesla, Inc., Audi AG, Ford Motor Company, General Motors Company, Honda Motor Corporation, etc
The report includes the Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
The report offers a comprehensive evaluation of the Global Autonomous Cars Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel within the industry.
The report includes in-depth market analysis using Porter's 5 force model and the Ansoff Matrix. The impact of COVID-19 on the market is also featured in the report.
The report also includes the regulatory scenario of the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules & regulations imposed on this sector across various geographies.
The report also contains competitive analysis using Positioning Quadrants, the analyst's proprietary competitive positioning tool.
Market Dynamics
Autonomous cars provide flexibility of hands-free driving and provide comfort during driving. They are integrated with highly sensitive sensors, improving safety, avoiding accidents, dangerous driver behaviors, and increasing efficacy. In addition, autonomous cars have revolutionized transport for disabled people and the geriatric population. Rapid improvement of sensors, actuators, complex algorithms, high definition mapping, machine learning systems, system processors, etc., has encouraged market players to expand their product line. Furthermore, increasing concerns of environmental and safety have escalated the demand for autonomous cars. However, the high cost of cars and infrastructure investment are major concerns for the market development. Cyber threats of smart mobility and no infrastructure for licensing yet available are current challenges companies are facing.
Government initiatives to promote autonomous cars and Player's initiatives in expanding the market through partnership and collaboration are anticipated to create lucrative opportunities during the forecast period.
Market Segmentation
The Global Autonomous Cars Market is segmented based on Type and Geography.
- By Type, the market is classified as semi-autonomous vehicles and fully-autonomous vehicles. Amongst the two, the semi-autonomous vehicles segment is estimated to hold the highest market share.
- By Vehicle Type, the market is classified as passenger vehicle and commercial vehicles. Amongst the two, the passenger vehicle segment holds the highest market share.
- By Geography, North America is projected to lead the market.
Recent Developments
- Aurora entered a strategic collaboration with Toyota and Denso to build and test self-driving cars on a large scale. - 9th February 2021.
- Honda launches the world's first level 3 self-driving car. - 4th March 2021.
Company Profiles
Some of the companies covered in this report are Daimler AG (Mercedes Benz), Volvo Group, Bayerische Motoren Werke GmbH, Waymo LLC (Google LLC), Tesla, Inc., Audi AG, Ford Motor Company, General Motors Company, Honda Motor Corporation, etc
Competitive Quadrant
The report includes the Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Why buy this report?
The report offers a comprehensive evaluation of the Global Autonomous Cars Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel within the industry.
The report includes in-depth market analysis using Porter's 5 force model and the Ansoff Matrix. The impact of COVID-19 on the market is also featured in the report.
The report also includes the regulatory scenario of the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules & regulations imposed on this sector across various geographies.
The report also contains competitive analysis using Positioning Quadrants, the analyst's proprietary competitive positioning tool.
Report Highlights
- A complete analysis of the market, including parent industry
- Important market dynamics and trends
- Market segmentation
- Historical, current, and projected size of the market based on value and volume
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- Apple Inc.
- Auto. Inc.
- Embark Trucks Inc.
- Honda Motor Corporation
- Nvidia Corporation
- Volkswagen AG
- MORE
1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Shareholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Proprietary Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size and Segmentation
3.3 Market Outlook
4 Market Influencers
4.1 Drivers
4.1.1 Technology Advancement in The Development of the Next-Gen Autonomous Car
4.1.2 Adoption of ADAS Among Physically Challenged and Geriatric Population
4.1.3 Increasing Demand for Road Safety
4.2 Restraints
4.2.1 High Investment and Maintenance Cost
4.2.2 The Vulnerability Associated with Cyber Threats
4.3 Opportunities
4.3.1 Market Development Through Partnership Strategies
4.3.2 Government Initiatives to Launch Autonomous Cars
4.4 Challenges
4.4.1 Regulatory Barriers to Fully Automated Cars
4.4.2 Availability of Alternative Cars
4.5 Trends
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 Global Autonomous Cars Market, By Type
6.1 Introduction
6.2 Semi-autonomous Vehicles
6.3 Fully-autonomous Vehicles
7 Global Autonomous Cars Market, By Type
7.1 Introduction
7.2 Passenger Vehicle
7.3 Commercial Vehicles
8 Global Autonomous Cars Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 South America
8.3.1 Brazil
8.3.2 Argentina
8.3.3 Chile
8.3.4 Colombia
8.4 Europe
8.4.1 UK
8.4.2 France
8.4.3 Germany
8.4.4 Italy
8.4.5 Spain
8.4.6 Netherlands
8.4.7 Sweden
8.4.8 Russia
8.4.9 Rest of Europe
8.5 Asia-Pacific
8.5.1 China
8.5.2 Japan
8.5.3 India
8.5.4 Indonesia
8.5.5 Malaysia
8.5.6 South Korea
8.5.7 Australia
8.5.8 Sri Lanka
8.5.9 Thailand
8.5.10 Rest of APAC
8.6 Middle-East and Africa
8.6.1 Qatar
8.6.2 Saudi Arabia
8.6.3 South Africa
8.6.4 United Arab Emirates
9 Competitive Landscape
9.1 Competitive Quadrant
9.2 Market Share Analysis
9.3 Strategic Initiatives
9.3.1 M&A and Investments
9.3.2 Partnerships and Collaborations
9.3.3 Product Developments and Improvements
10 Company Profiles
10.1 Apple Inc.
10.2 AutoX, Inc.
10.3 Audi AG
10.4 Aurora Technologies
10.5 Baidu, Inc
10.6 Bayerische Motoren Werke GmbH
10.7 Cruise LLC
10.8 Daimler AG (Mercedes Benz)
10.9 Embark Trucks Inc.
10.10 Ford Motor Company
10.11 General Motors Company
10.12 Honda Motor Corporation
10.13 Nauto, Inc.
10.14 Nissan Motor Company
10.15 Nvidia Corporation
10.16 Tesla, Inc.
10.17 Toyota Motor Corporation
10.18 Volkswagen AG
10.19 Volvo Group
10.20 Waymo LLC (Google LLC)
11 Appendix
11.1 Questionnaire
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Shareholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Proprietary Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size and Segmentation
3.3 Market Outlook
4 Market Influencers
4.1 Drivers
4.1.1 Technology Advancement in The Development of the Next-Gen Autonomous Car
4.1.2 Adoption of ADAS Among Physically Challenged and Geriatric Population
4.1.3 Increasing Demand for Road Safety
4.2 Restraints
4.2.1 High Investment and Maintenance Cost
4.2.2 The Vulnerability Associated with Cyber Threats
4.3 Opportunities
4.3.1 Market Development Through Partnership Strategies
4.3.2 Government Initiatives to Launch Autonomous Cars
4.4 Challenges
4.4.1 Regulatory Barriers to Fully Automated Cars
4.4.2 Availability of Alternative Cars
4.5 Trends
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 Global Autonomous Cars Market, By Type
6.1 Introduction
6.2 Semi-autonomous Vehicles
6.3 Fully-autonomous Vehicles
7 Global Autonomous Cars Market, By Type
7.1 Introduction
7.2 Passenger Vehicle
7.3 Commercial Vehicles
8 Global Autonomous Cars Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 South America
8.3.1 Brazil
8.3.2 Argentina
8.3.3 Chile
8.3.4 Colombia
8.4 Europe
8.4.1 UK
8.4.2 France
8.4.3 Germany
8.4.4 Italy
8.4.5 Spain
8.4.6 Netherlands
8.4.7 Sweden
8.4.8 Russia
8.4.9 Rest of Europe
8.5 Asia-Pacific
8.5.1 China
8.5.2 Japan
8.5.3 India
8.5.4 Indonesia
8.5.5 Malaysia
8.5.6 South Korea
8.5.7 Australia
8.5.8 Sri Lanka
8.5.9 Thailand
8.5.10 Rest of APAC
8.6 Middle-East and Africa
8.6.1 Qatar
8.6.2 Saudi Arabia
8.6.3 South Africa
8.6.4 United Arab Emirates
9 Competitive Landscape
9.1 Competitive Quadrant
9.2 Market Share Analysis
9.3 Strategic Initiatives
9.3.1 M&A and Investments
9.3.2 Partnerships and Collaborations
9.3.3 Product Developments and Improvements
10 Company Profiles
10.1 Apple Inc.
10.2 AutoX, Inc.
10.3 Audi AG
10.4 Aurora Technologies
10.5 Baidu, Inc
10.6 Bayerische Motoren Werke GmbH
10.7 Cruise LLC
10.8 Daimler AG (Mercedes Benz)
10.9 Embark Trucks Inc.
10.10 Ford Motor Company
10.11 General Motors Company
10.12 Honda Motor Corporation
10.13 Nauto, Inc.
10.14 Nissan Motor Company
10.15 Nvidia Corporation
10.16 Tesla, Inc.
10.17 Toyota Motor Corporation
10.18 Volkswagen AG
10.19 Volvo Group
10.20 Waymo LLC (Google LLC)
11 Appendix
11.1 Questionnaire
Note: Product cover images may vary from those shown
- Apple Inc.
- Auto. Inc.
- Audi AG
- Aurora Technologies
- Baid. Inc
- Bayerische Motoren Werke GmbH
- Cruise LLC
- Daimler AG (Mercedes Benz)
- Embark Trucks Inc.
- Ford Motor Company
- General Motors Company
- Honda Motor Corporation
- Naut. Inc.
- Nissan Motor Company
- Nvidia Corporation
- Tesl. Inc.
- Toyota Motor Corporation
- Volkswagen AG
- Volvo Group
- Waymo LLC (Google LLC)
Note: Product cover images may vary from those shown
LOADING...
