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Autonomous Cars Market Forecast, 2018 – 2024

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Title: Autonomous Cars Market Forecast, 2018 – 2024


1
Autonomous Cars Market for HEV to grow at 60
CAGR to 2024
2
Key Insights from Autonomous Car Market
  • The Hybrid Electric Vehicle (HEV) market is
    estimated to grow at a CAGR of over 60 during
    the forecast timeline. The demand for the HEV
    cars is driven by the growing investments by
    automotive manufacturers in the development of
    the electronics vehicles across the globe. The
    supportive government initiatives such as
    subsidies and tax benefits to the electronic
    vehicle manufacturers also propel the autonomous
    car market.
  • The autonomous car market is driven by increasing
    investments in the auto technology. The
    self-driving vehicle industry is promising huge
    profits and lucrative returns on investment for
    all parties involved in the manufacturing and
    distribution of autonomous car. This is
    encouraging large corporations and VC investors
    to invest in the auto-technology and to secure
    their share of future profits. Moreover,
    advancements in the automotive technology also
    encourage the development of autonomous vehicles.

3
Continued
The level 1 autonomous car market will grow at a
CAGR of 6 over the forecast timespan. The market
growth is attributed to the increasing vehicle
safety concerns and governmental regulations for
vehicle safety across the globe. Furthermore, the
integration of the advanced driving assistance
and safety systems into passenger cars also
supports the market. On the other hand, the
level 2 autonomous car market is expected to grow
at a CAGR of 45 during the projected period. The
advancements in the automotive technology such as
the integration of artificial intelligence, GPS,
and advanced electronic sensors such as radar,
LiDAR, and ultrasonic sensors promote the market
growth.
4

Latest Research Report On Autonomous Car Market _at_
https//www.gminsights.com/industry-analysis/auton
omous-car-market Request for a sample of
this research report _at_ https//www.gminsights.com/
request-sample/detail/1224

5
U.S. Autonomous Cars Market, By Level of
Autonomy, 2015-2024

6
Major Companies in Autonomous Car Market
  • Volkswagen,
  • BMW,
  • Fiat Chrysler Automobiles,
  • Ford,
  • GM,
  • Honda,
  • Hyundai,
  • Jaguar,
  • Mazda, Daimler, Mitsubishi, Nissan, Subaru,
    Tesla, Toyota, Volvo

7
Industry Coverage

8
Regional Insights in Autonomous Car Market
  • Europe holds a major share in the autonomous cars
    market with a share of over 40 in 2017. The
    market growth is attributed to the presence of
    large number of automakers. The auto
    manufacturers have invested significantly in the
    autonomous vehicle technology to accelerate the
    innovative processes in the self-driving vehicle
    landscape. The governments in the region are
    investing in improving the road telecom
    infrastructure, enabling the self-driving
    vehicles to better interact with its
    surroundings. The Netherlands government has
    invested over 100 million to install new traffic
    lights across the nation to help self-driving
    cars better interact with its surroundings.
  • The North American autonomous car market is
    expected to register a high growth rate with a
    CAGR of over 14 in 2017. The growth in the
    region can be attributed to the supportive
    government policies, which have allowed
    automakers and tech companies in the region to
    conduct testing of autonomous technologies on
    public roads and freeways.

9
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