Industry Background:
Self-driving Vehicles are capable enough to see or sense its environment, without any human intervention, with the help of sensors. Increasing technological advancements such as artificial intelligence and machine learning languages are propelling the market growth of this market. For instance, the company named Tesla announced to release fully self-driving cars by 2019. Further, growth in the automobile industry and rising demand from the developing economies expected to drive the demand for a self-driving car over the forecasted period.
The Global Self-driving Vehicles market presents a comprehensive analysis of the Self-driving Vehicles market by product type (Drive Assistance, High Automation and Full Automation), by end-user/application (Passenger Vehicles and Commercial Vehicles), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. The key Vendors profiled in the report are Bosch (Germany), Continental AG (Germany), Delphi (Ireland), Denso (Japan), Google (United States), Nissan (Japan), Mercedes Benz (Germany), BMW AG (Germany), Ford Motor Company (United States), Audi (Germany) and Jaguar (U.K.). Additionally, other players that are part of this comprehensive study are Volkswagen (Germany), General Motors (United States), Honda Motor Corporation (Japan), Tesla, Inc. (United States), Toyota Motor Corporation (Japan), Renault (France), Porsche SE (Germany), Waymo (United States) and Volvo Car Corporation (Sweden).
Market Drivers
- Increasing Awareness among Consumers towards the Availability and the Benefits of Autonomous Cars, Such as Enhanced Mobility and etc.
- Increasing Push from the Government to Develop Connected and Autonomous Infrastructure
- Rising Road Accidents Globally
Market Trend
- Technological Advancement in the Self-Driving Car
- Increasing Government Investment and Funding for Digital Infrastructure
Restraints
- Vehicle Cost and Technology Hurdles
- High Manufacturing Cost Associate with Self-Driving Car
- Rising Threat of Cyber Security for Autonomous Vehicles
Regional Breakdown and Segment Analysis
This section of our report presents a realistic picture of the Global Self-driving Vehicles industry. Investors and manufacturers can easily understand the inherent opportunities and challenges for their products in geographical region of interest. For instance, while the North America holds majority of market share of the Self-driving Vehicles, the Europe has emerged as a crucial market for several Self-driving Vehicles brands.
The regional segmentation covered in this report are:
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)