The global demand for Autonomous Car Market is presumed to reach the market size of nearly USD 150.38 BN by 2030 from USD 25.44 BN in 2022 with a CAGR of 24.87% under the study period of 2022 - 2030. Regarding volume, the market was calculated XX Thousand Units in 2022 and forecast to touch XX Thousand Units by 2030 with a CAGR of XX% during 2023-2030.
An autonomous car can drive itself and carry out essential tasks without a driver's assistance because of its capacity to recognize its environment. An autonomous car navigates different terrain without a human driver using cameras, sensors, artificial intelligence, and radar. Autonomous cars can function independently without human intervention and can recognize their environment. Audi, Google, BMW, Ford, Tesla, General Motors, Volkswagen, and Volvo are among the businesses testing and creating autonomous vehicles.
Due to increasing urbanization and development, the market for autonomous cars will expand. Electric autonomous cars contribute to the fight against climate change and air pollution, a key driver in the market's expansion. The market for autonomous cars is expected to expand because adopting autonomous cars may significantly improve road safety and minimize traffic accidents. By incorporating advanced technologies like artificial intelligence and the Internet of Things, many of the world's top automakers are attempting to develop autonomous cars. The market for autonomous cars is expected to grow due to the rising demand for new technologies to be incorporated into automobiles. However, factors like affordability, lack of awareness, social acceptance, and expensive maintenance costs might restrict the market expansion of autonomous cars.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of autonomous car. The growth and trends of Autonomous Car Industry provide a holistic approach to this study.
This section of the autonomous car market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By ADAS Feature
By Component
By Level Of Autonomy
By Car Type
By Propulsion Technology
This section covers the regional outlook, which accentuates current and future demand for the Autonomous Car market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the autonomous car market include General Motors Company, Ford Motor Company, Mercedes-Benz Group AG, Volkswagen AG, Toyota Motor Corporation, Waymo LLC, Autoliv Inc., Robert Bosch GmbH, Volvo Group, Ficosa International SA, Gentex Corporation, Harman International Industries, Aisin Corporation, Valeo, Hyundai Mobis, ZF Friedrichshafen AG, Hella KGaA Hueck & Co., Texas Instruments Inc., Mobileye Global Inc., and Visteon Corporation. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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