Global Autonomous Cars Market (2021-2026) by Type, Vehicle Type and Geography - Competitive Analysis, Impact of COVID-19, Ansoff Analysis

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%.

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

1. Aurora entered a strategic collaboration with Toyota and Denso to build and test self-driving cars on a large scale. - 9th February 2021.
2. 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