Autonomous Vehicles Market is expected to reach $615.02 Billion in 2026, with a CAGR of 41.5% | Global Key Players – Delphi, Ford Motor, Tesla, Google
Global Autonomous Vehicles Market research report 2019 – 2026 provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability.
Overview of the Global Autonomous Vehicles Market:
The Global Autonomous Vehicles Market is accounted for $27.09 Billion in 2017 and is expected to reach $615.02 Billion by 2026 growing at a CAGR of 41.5% during the forecast period (2019 – 2026).
Increasing geriatric population, increased government focus on streamlined traffic infrastructure and increasing number of high-end passenger cars are some of the key factors influence the market growth. In addition, transition from car ownership to mobility-as-a-service (MaaS) will provide ample opportunities for market growth. However, the data security concerns and undefined legal responsibilities in developing countries are limiting market growth.
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Autonomous vehicles also well-known as “robot cars” are driverless vehicles, controlled by the computer, which is yet to be commercialized in the market. Many autonomous vehicles in development use a combination of cameras, sensors, GPS, RADAR, LIDAR, and an on-board computer. These technologies work together to map the vehicle’s position and its proximity to everything around it. The autonomous vehicles will also help in reducing the CO2 emissions to the environment. The commercialization of autonomous vehicles will also contribute to the revenue growth of different industries such as, IT, technology and electronics.
On the basis of Vehicle Type, Passenger Vehicles segment held considerable market share due to owing to the growing importance towards road safety, better fuel efficiency and engine performance. Passenger vehicles are the most common mode of conveyance in the developed countries and they are increasing in numbers in the developing countries.
Regional analysis, North America is projected to witness the fastest growth during the forecast period. The growth in this region is attributed to the growing demand for advanced safety features.
This comprehensive Autonomous Vehicles Market research report 2019 – 2026 includes a brief on these trends that can help the businesses operating in the industry to understand the market and strategize for their business expansion accordingly. The research report analyzes the market size, industry share, growth, key segments, CAGR and key drivers.
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Major Key Players:
2 Ford Motor
6 Daimler Group
10 Jaguar and More……………
Market Segment by Components:
Market Segment by Vehicle Types:
1 Commercial Vehicles
2 Passenger Vehicles
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Table of Contents:
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Autonomous Vehicles Market, By Organization Size
6 Global Autonomous Vehicles Market, By Deployment Type
7 Global Autonomous Vehicles Market, By Component
8 Global Autonomous Vehicles Market, By End User
9 Global Autonomous Vehicles Market, By Geography
10 Key Developments
11 Company Profiling
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