The “Autonomous/Driverless Car Market” Report provides a thorough examination of the market. The Autonomous/Driverless Car Market research investigates how firms in the Autonomous/Driverless Car Market are reacting to changing market conditions by examining major industry strategies. The report covers current top players are recognised and rated based on their market shares. It also includes data on leading manufacturers, market segmentation by types, applications, and geographic regions. Market capacity, production, consumption, sales, and revenue are all discussed in this Autonomous/Driverless Car market report.
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Competitor Analysis:
Autonomous/Driverless Car market covers the vision of competitor analysis by product types, market share, applications, sales and revenue. It covers the top key players like –
- Uber Technologies Inc.
- Daimler AG
- Google Inc.
- Toyota Motor Corp.
- Nissan Motor Co. Ltd.
- Volvo Cars
- General Motors Company
- Volkswagen AG
- Tesla Inc.
- BMW
Market Overview:
- The autonomous/driverless car market was valued at USD 5.68 billion in 2018 and is expected to project a CAGR of 31.50%, during the forecast period, 2019-2024.
- – Autonomous cars use technologies like RADAR, LIDAR, GPS, and computer vision, in order to sense their environment. Advanced control systems that are integrated into the car can interpret the sensory inputs to detect the signboards or to avoid the collision.
- – Although, Level 4 and Level 5 (as scaled by SAE) autonomous cars are unlikely to reach wide acceptance, by 2030, there would be a rapid growth for Level 2 and Level 3 autonomous cars, which have advanced driver assistance systems, like collision detection, lane departure warning, and adaptive cruise control. Fully autonomous cars are not going to reach a wide customer base, unless, they are secure from cyber-attacks. If such concerns are addressed, the autonomous car market is estimated to reach USD 60 billion, by 2030.
- – Major automaker companies, technology giants and specialist start-ups have invested more than USD 50 billion over the past five years, in order to develop autonomous vehicle (AV) technology, with 70% of the money coming from other than the automotive industry. At the same time, public authorities see that AVs offer huge potential economic and social benefits.
Key Market Trends:
Cyber Security and Safety Concerns are Hindering the Market Growth
Cyber security is going to be a key consideration for the developing autonomous vehicle technology, as it is not just concerned with the vehicles themselves, but is also related to the whole environment that will be developed to support such vehicles. A connected and automated vehicle system is a cyber-physical system, with components of both the physical and virtual worlds. The safety stakes are high, as these systems are hard to protect. There are also risks associated with the networks that connect vehicles. The network systems include the financial networks that process payments, roadside sensor networks, and the electricity infrastructure or traffic control features.
One of the major cyber security risks associated with autonomous vehicles is hacking.
– For instance, in 2015, researchers Charlie Miller and Chris Valasek demonstrated that they were able to hack a Jeep Cherokee and control it remotely. The incident led to the recall of 1.4 million cars by Fiat Chrysler.
– Additionally, in early 2017, the Chinese researchers exposed the vulnerabilities in Tesla Model X. They were able to take control of the vehicle’s brakes, remotely, open the trunk and the doors, and take control of the radio. The researchers hacked the vehicle through Wi-Fi and cellular connections, using malware, which was sent to the car’s web browser in a series of circuitous computer exploits.Apart from cyber security issues, safety concerns pertaining to accidents have always been the prime concern for both the consumers and the international authorities, such as NHTSA. There has been two major accidents in early 2018, which increased the safety concerns regarding these vehicles –
– A woman in Arizona was hit and killed by a self-driving Uber car
– A Tesla Model X on autopilot hit a highway divider before bursting into flamesSemi-Autonomous Vehicles Dominating the Market
Following the SAE (Society of Automotive Engineers) International automated driving standards, cars with level 1 to level 3 automation features have been considered under the market segment of semi-autonomous cars.
– Level 1 automation (also known as Driver Assistance) has been available on cars for several years, handling driving modes like steering or throttle and brake, but never both. The level 1 cars must need driver attention to take over those functions if called upon by the vehicle. Some of the features seen in level 1 cars are parking assistance, adaptive cruise control, and lane keeping assistance.
– Level 2 automation (also known as Partial Assistance) has a suite of driver assistance technologies including Traffic Aware Cruise Control and Autosteer with lane change, which enables automatic steering on undivided roads but with speed limitations
– Level 3 automation is referred to as conditional automation. In Level 3 automation, the autonomous cars driving system performs all the dynamic driving tasks with the expectation that the human driver will respond appropriately to a request to intervene.North America and Europe covered more than half of the global semi-autonomous cars market in 2018 and likely to continue to increase their market share, during the forecast period, owing to the increasing launch of semi-autonomous car models and increasing development towards vehicle semi-autonomous systems among players in the automotive industry.
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Scope of the Report:
Autonomous or driverless cars are vehicles that are capable of maneuvering on their own or by human assistance by sensing its nearby environment.
The autonomous cars have been segmented by type.
Highlighted points of Autonomous/Driverless Car Market Report:
- Varying dynamics of the Autonomous/Driverless Car industry.
- Prospective changes in sales volumes and worldwide share growth in upcoming years
- Autonomous/Driverless Car market report recognizes the key drivers of growth and challenges of the key industry players.
- Competitors profiles along with product description, overview, and business data.
- Complete analysis of market risks, opportunities, limitations, and growth of the market.
- Market driving and restraining factors.
- Delivers information on the historical and current market size and the future potential of the market.
- Autonomous/Driverless Car market report provides comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of market.
Key Benefits of this Autonomous/Driverless Car Market report:
- The Autonomous/Driverless Car market report provides a comprehensive analysis of the current trends and future estimations in the world mining equipment market to identify the potential investment pockets.
- The Autonomous/Driverless Car market report presents information regarding key drivers, restraints, and opportunities with a detailed impact analysis.
- Quantitative analysis of the current trends and forecasts to 2024 is provided to showcase the financial competency of the Autonomous/Driverless Car market.
- Porter’s Five Force model of the industry and SWOT analysis illustrate the potency of the buyers & suppliers.
- Value chain analysis provides a clear understanding of the roles of stakeholders involved.
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Detailed TOC of Autonomous/Driverless Car Market Report:
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Technology Trends
4.3 Market Drivers
4.4 Market Restraints
4.5 Industry Attractiveness – Porter’s Five Force Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry5 MARKET SEGMENTATION
5.1 By Type
5.1.1 Semi-autonomous Vehicles
5.1.2 Fully-autonomous Vehicles
5.2 Geography
5.2.1 North America
5.2.2 Europe
5.2.3 Asia-Pacific
5.2.4 Rest of the World6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share**
6.2 Mergers & Acquisitions
6.3 Company Profiles
6.3.1 Uber Technologies Inc.
6.3.2 Daimler AG
6.3.3 Google Inc.
6.3.4 Toyota Motor Corp.
6.3.5 Nissan Motor Co. Ltd.
6.3.6 Volvo Cars
6.3.7 General Motors Company
6.3.8 Volkswagen AG
6.3.9 Tesla Inc.
6.3.10 BMW7 MARKET OPPORTUNITIES AND FUTURE TRENDS
8 DISCLAIMER
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