By 2024, Autonomous Cars Market in North America to hit 12 million units

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North America Autonomous Cars Market in to grow
at 12 CAGR to 2024 Graphical Research
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Key Insights from North America Autonomous Cars
Market
According to the Graphical Research new growth
forecast report titled North America Autonomous
Cars Market Size, By Level of Autonomy (Level-1,
Level-2, Level-3, Level-4), By Type (Internal
Combustion Engine (ICE), Hybrid Electric Vehicle
(HEV), Battery Electric Vehicle (BEV),
2019-2024, estimated to exceed 12 million units
by 2024. The North America autonomous cars
market is forecasted to increase by rising
investment in the auto technology. The
self-driving vehicle industry is promising the
parties involved in the manufacturing and
distribution to get huge profits and lucrative
returns on investment. This is encouraging the VC
investors and corporations to invest in
autonomous technology to secure their future. The
investment in the technology brings new
opportunity in the development of self-driving
car. The rising concern of customer for vehicles
safety, green environment and more connected has
given rise to the widespread adoption of ADAS
technology. The ADAS technology provide features
such as blind spot monitoring, lane departure
warning systems and parking assistance features.
Additionally, advancements in the automotive
LiDAR technology is driving the market. However,
the high cost of autonomous vehicles is holding
back the growth of autonomous cars market. The
autonomous vehicles deploy large number of
sensors and electronic system (LiDAR and cyber
security software) to enable the V2V and V2X
communication. These sensors and electronic
system used for the communication of the vehicles
are costly and hence it increases the overall
cost of production.
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reserved.


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Continued...
The level 1 autonomous cars market is forecasted
to grow due to the integration of the advanced
driving assistance and safety systems into
passenger cars. Also, the increasing vehicle
safety concerns and governmental regulations for
vehicle safety across the globe supports the
market growth. On the other hand, advancement in
autonomous technology is expected to grow the
level 2 autonomous cars market. The advancement
includes integration of artificial intelligence,
GPS, and advanced electronic sensors such as
radar, LiDAR, and ultrasonic sensors. These
advancements in autonomous technology promote the
market growth. Some of the vendors operating in
North America autonomous cars market are Toyota
Motor Corporation, Volvo Car Corporation, General
Motors Company, Uber Technologies Inc., Tesla
Inc., Volkswagen Group, Subaru of America, Inc,
Ford Motor Company, Waymo, Aptiv PLC, Nvidia
Corporation, Autoliv Inc and others. Mergers,
acquisitions and investments have been the
commonly used strategy by various major players
to enhance service offering in various regions.
For instance, in October 2018 General Motors has
teamed up with Honda to acquired USD 2.75 billion
funds. This collaboration aims at building
autonomous vehicle to serve variety of use
cases.
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reserved.


www.graphicalresearch.com
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Continued...

• Segments we cover
• North America Autonomous Cars Market, By Level of
  Autonomy
• Level-1
• Level-2
• Level-3
• Level-4
• North America Autonomous Cars Market, By Type
• Internal Combustion Engine (ICE)
• Hybrid Electric Vehicle (HEV)
• Battery Electric Vehicle (BEV)

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reserved.


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