The study covers a detailed analysis segmented by key business segments i.e. by type (Semi-Autonomous Vehicles and Fully-Autonomous Vehicles) , by application (Transportation and Defense) and major geographies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Self-Driving Car market throughout the predicted period.
What is Self-Driving Car?
The self-driving car is a vehicle which is capable of sensing its environment and moving with without human intervention. The self-driving car market has high growth prospects owing to increasing demand for autonomous vehicles and technological advancement such as integration of artificial intelligence and machine learning technologies in the self- driving car propelling the market growth. For instance, 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 competition is expected to become even more intense in the years to come due to entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Self-Driving Car market analysis report suggests strategies Vendors can follow and recommends key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, including:
- BMW AG (Germany)
- Daimler AG (Mercedes Benz)
- Ford Motor Company (United States)
- General Motors (United States)
- Honda Motor Corporation (Japan)
- Tesla, Inc. (United States)
- Toyota Motor Corporation (Japan)
- Uber Technologies, Inc. (United States)
- Renault (France)
- Porsche SE (Germany)
“Several different regulations and laws currently under deliberation could greatly affect the future of autonomous vehicle rollouts. City governments control the test sites and streets, but both federal and state governments play a significant role in the regulations surrounding the development and deployment of autonomous vehicles. The National Highway Transportation Safety Administration (NHTSA) and the U.S. Department of Transportation (USDOT) have traditionally developed the nationwide safety standards for vehicles, and they are leading the bulk of the federal response to emerging AV technology.”
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings.
Market Trend
Technological Advancement in the Self-Driving Car and Increasing Government Investment and Funding for Digital Infrastructure
Restraints
- High Manufacturing Cost Associate with Self-Driving Car
- Rising Threat of Cyber Security for Autonomous Vehicles
Opportunities
Rising Demand for the Autonomous Vehicles and Growing Demand from the Developing Economies
Key highlights of the Global Self-Driving Car market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Self-Driving Car market in next few years.
Detailed Insights on futuristic trends and changing consumer behaviour
Forecast of the Global Self-Driving Car market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Self-Driving Car Vendors
Transformation and Important Trigegrs:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Self-Driving Car market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Self-Driving Car market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Associations, Organizations, Forums, and Alliances, Government Bodies and Departments, Technical Universities, System Integrators, Technology Standards Organizations, Technology Investors and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.