About Driverless Cars
Self-driving car, also known as robotic car which is capable of sensing its environment and moving safely with little or no human input. Self-driving car has various type sensors to perceive their ecosystem, such as radar, lidar, sonar, GPS, odometer and units. Moreover the robotic car widely used in automatous trucks, vans and transport system. For Instance, companies such as Otto and Starsky Robotics have focused on autonomous trucks. However self-driving car has greater safety towards accident, reduced pollution and emissions and maintance cost. For Instance, reducing transport energy consumption by up to 90% as well as 94% of accidents are caused by human error. Hence by considering several factor the market driver less is going to trigger over the forecast period
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BMW Group (Europe), Tesla Inc (United State), Ford Motor Company (United State), General Motor Company (United State), Nissan Motor Corporation (Japan), Daimler AG (Europe), Toyota Motor Corporation (Japan), Volkswagen AG (Japan), Volvo Group and Waymo LLC (Europe), BMW Group (Europe), Tesla Inc (United State), Ford Motor Company (United State), General Motor Company (United State), Nissan Motor Corporation (Japan), Daimler AG (Europe), Toyota Motor Corporation (Japan), Volkswagen AG (Japan), Volvo Group and Waymo LLC (Europe) and Others are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Driverless Cars market by Type (Semi-Autonomous Vehicles and Fully-Autonomous Vehicles), Application (Civil, Robo Taxi, Ride Hail, Ride Share, Heavy duty vehicle, Light duty vehicle and Defence and military) and Region.
On the basis of geography, the market of Driverless Cars has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Segmentation, the sub-segment i.e. Battery Electric Vehicle (BEV) will boost the Driverless Cars market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Fuel, the sub-segment i.e. ICE (Internal Combustion Engine) will boost the Driverless Cars market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Level, the sub-segment i.e. Level 0 (L0) will boost the Driverless Cars market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. AI will boost the Driverless Cars market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
Chinese automaker Geely has launched nine satellites into low earth orbit space as part of a plan to create a high-precision network that will help guide autonomous cars.
NHTSA issued a Standing General Order that requires manufacturers and operators of Automated Driving Systems (ADS) and SAE Level 2 Advanced Driver Assistance Systems (ADAS) equipped vehicles to report crashes to the agency. Because these new technologies present unique risks, NHTSA is evaluating whether the manufacturers of these vehicles (including manufacturers of prototype vehicles and equipment) are meeting their statutory obligations to ensure that their vehicles and equipment are free of defects that pose an unreasonable risk to motor vehicle safety.
Market Drivers
- Autonomous cars save people time by improving the flow of traffic and allowing passengers to make phone calls, read or catch up on work.
Opportunities
- Self-parking technologies, communication tower, road provider
Restraints
- High-technology vehicles and equipment are expensive, safety and security...
Challenges
- Machine Learning, Open road, regulation, social acceptability
Key Target Audience
OEM (Original equipment manufacturer), Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments and End Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.