Industry Background:
Semi-Autonomous vehicles, that can accelerate, steer, decelerate, stop and change lanes without human involvement. They are able to keep in lane and even change lanes, and they may also be able to park themselves, but they are not driverless vehicles. The first semi-autonomous car models were introduced on the market in 2015 and reached sales of approximately 194,000 vehicles. In 2016, new registration of the semi-autonomous vehicles were nearly 304,000. Increasing demand of semi-autonomous vehicles in Developed and developing economies has projected the growth of the global semi-autonomous vehicles market over the forecast period.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Audi AG (Germany), Mercedes-Benz (Germany), General Motors (United States), BMW (Germany), Tesla (United States), Daimler AG (Germany), AB Volvo (Sweden), Ford (United States), Waymo LLC (United States) and ZF Friedrichshafen AG (Germany) |
CAGR | % |
This growth is primarily driven by Rising Demand for Sophisticated and Innovative Technologies across the World and Increasing Aging Population in Developed Countries.
Globally, a noticeable market trend is evident Rapid Development of Communication Technology and Robotics. The Automobiles sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Audi AG (Germany), Mercedes-Benz (Germany), General Motors (United States), BMW (Germany), Tesla (United States), Daimler AG (Germany), AB Volvo (Sweden), Ford (United States), Waymo LLC (United States) and ZF Friedrichshafen AG (Germany) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On 12th April 2019, ZF has announced the debut of ZF coPILOT, an intelligent advanced driver assistance system (ADAS) leading to enhanced safety and driving comfort opportunities. Leveraging the power of AI and equipped with a comprehensive sensor set, vehicles can perform various automated driving functions, especially on freeways.
Market Drivers
- Rising Demand for Sophisticated and Innovative Technologies across the World
- Increasing Aging Population in Developed Countries
Market Trend
- Rapid Development of Communication Technology and Robotics
Restraints
- Non-Availability of Required Infrastructure in Emerging Countries
- High Cost Associated With Semi-Autonomous Vehicles
Opportunities
Rapidly Increasing Technological Advancement and Development in Semi-Autonomous Vehicles and Various Manufacturers are Increasing Investment in Innovation and Development
Challenges
Scaling Up LiDAR Scanner Solutions
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Semi-Autonomous Vehicles Study Sheds Light on
The Semi-Autonomous Vehicles Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Semi-Autonomous Vehicles industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Semi-Autonomous Vehicles industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.