About Autonomous Cars
An autonomous car is refer as a vehicle which can guide automatically by itself without any human conduction. This type of vehicle has become a concrete reality and may cover the way for future systems where computers has take over the art of driving. An autonomous car has various name like it is also known as driverless car, self-driving car or robot car
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Billion) |
CAGR | 36.2% |
Analyst at AMA Research estimates that United States and German Vendors will contribute the maximum growth to Global Autonomous Cars market throughout the forecasted period. 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.
Microsoft (United States), Apple (United States), Cisco (United States), IBM (United States), Uber (United States), Mercedes-Benz (Germany), Google (United States), Toyota (Japan), Nissan (Japan) and Volvo (Sweden) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are General Motors (United States), Volkswagen (Germany), Tesla (United States) and BMW (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Autonomous Cars market by Type (Fully-Autonomous Cars and Semi-Autonomous Cars), Application (Passenger Cars, Public Transportation, Commercial Applications and Air Taxis) and Region.
On the basis of geography, the market of Autonomous 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). North America region held largest market share in the year 2022. If we see Market by Value Chain, the sub-segment i.e. Original Equipment Manufacturers (OEMs) will boost the Autonomous 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. Development Tools will boost the Autonomous Cars market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Civil Use will boost the Autonomous Cars market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing development and introduction of HD maps, OTA updates for automotive related software, Rising IoT integration which is powered by AI technology in automotive industry and Growing R&D funding of autonomous cars
Market Growth Drivers:
Rising incidences of road accidents, and increase in the demand for automation and Growth of the mobility as a service (MaaS) sector is predicted to provide an impetus to the market
Challenges:
Privacy and security theft related issue and lack of proper infrastructure which is needed to support autonomous cars, poses several challenges for manufacturers
Restraints:
Rising security threats associated to the wide-ranging networks which will connect with autonomous cars
Opportunities:
Rising acceptance of autonomous vehicles by several governments is expected to boost the rising industrial applications and Growing development of autonomous fleet services of cab and parcel delivery
Market Leaders and their expansionary development strategies
GM started testing autonomous technology on Cadillac cars in Israel
Key Target Audience
Automobiles manufacturers, automobiles suppliers, Automobiles dealers, Automobiles wholesalers, Research firm, Regulatory bodies and End user
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 a 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 the purpose to understand the companies positioning regarding the 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 a 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, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.