Title: Autonomous Cars Market Size, Share, Trend, Forecast, & Industry Analysis: 2021-2026
1Presents a Research Report on
Autonomous Cars Market
The Autonomous Cars Market is Segmented by Level
of Autonomy (Level-1, Level-2, Level-3, and
Level-4), by Type (Internal Combustion Engine
(ICE) Vehicle, Hybrid Electric Vehicle (HEV), and
Battery Electric Vehicle (BEV)), and by Region.
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2Autonomous Cars Market Growth and Forecast
Highlights Drivers
- Autonomous Cars Market is likely to witness a
robust CAGR of more than 22.0, during the
forecast period. The global market is
significantly propelled by the increasing
integration of digitization in the modern-day
vehicles, supportive government initiatives,
emphasis on vehicular safety, and policies for
vehicular automation. - Also, in the recent years, a number of automobile
manufacturers have contributed to the development
of either semi-autonomous or fully autonomous
cars and they are actively engaged in the
integration of automation features in the
vehicles, which has immensely fueled the market
growth. - One of the major factors responsible for the
market growth is the norms regulations set by
the government, w.r.t passenger safety. - Also, the mounting number of vehicular accidents
globally, boost the demand for autonomous
vehicles. - Apart from the government support, there has been
a surging demand for the advanced driver
assistance systems (ADAS) in vehicles, which has
resulted in accelerating the market progress. - These factors are the primary drivers of the
market, which have amplified the overall traction
of the market. - Autonomous cars are referred to vehicles capable
of sensing their environment and moving safely
with minimal or no human aid. - These cars use several sensors such as GPS,
LIDAR, and RADAR, among others, in order to
perceive their respective surroundings.
3Market Insights
- By Level of Autonomy Type
- The market is segmented into Level 1, Level 2,
Level 3 and Level 4. In 2020, Level 1 cars
accounted for a large share of the overall
market. - With the growing demands for vehicular and
driver/passenger safety concerns, several
governments are charting out initiatives to
improve the safety of cars. - In various countries, they are encouraging
consumers to use advanced driver assistance
systems (ADAS). - As a result, a number of automobile manufacturers
have engaged in the integration of Level 1
automation in their vehicles. - Moreover, Level 4 cars havent been launched in
the market yet and are still under the RD phase.
- Therefore, there is a significant demand for
Level 1 cars currently. - By Type
- The market is segmented into internal combustion
engine (ICE) vehicle, hybrid electric vehicle
(HEV), and battery electric vehicle (BEV). - As of 2020, the cars propelled by ICE are leading
the global autonomous cars market, with the
largest market share. - Although, there has been a high demand for
electric vehicles in the recent years, there is
still a strong demand for ICE-propelled cars in
the developing economies such as India, China,
South Africa, Indonesia, and Brazil, among
others. - Also, the necessary infrastructure for electric
vehicles is not adequate in developing countries,
which in turn, increases the demand for
ICE-propelled vehicles. - Hence, it is estimated that the internal
combustion engine (ICE) vehicle market
sub-segment would gain the maximum traction and
grow steadily during the forecast period.
4Market Insights
- By Region
- The market is segmented into North America,
Europe, Asia-Pacific, and Rest of the world.
Among these regions, Europe is expected to have
dominance in the market for autonomous cars
throughout the forecast period. - The region is home to several leading automobile
manufacturers across the globe, such as Daimler
AG, BMW AG, Volkswagen, and Volvo Car
Corporation, among others. - The market in the region is largely driven by
extensive investments of car manufacturers along
with the supportive government initiatives for
the market. - In addition, several European countries such as
Germany, the UK, and France, have already
promoted the use of the autonomous cars on the
roads and highways. - North America and Europe are also expected to
offer considerable growth opportunities over the
forecast period.
5Competitive Insights
Autonomous Cars Market, regional expansion, and
execution of mergers acquisitions are the key
strategies adopted by the major players to gain a
competitive edge in the market. Key Companies
Analysed
- BMW AG
- Robert Bosch GmbH
- Daimler AG
- Ford Motor Company
- Honda Motor Co., Ltd.
- Hyundai Motor Company
- Tesla
- TOYOTA MOTOR CORPORATION
- Volkswagen
- Volvo Car Corporation.
6Research Methodology
Data Analysis Top Down and Bottom Up Approach)
Data Triangulation Data Evaluation and Multiple
Data Triangulation)
Final Deliverables Final Report with All Findings)
Stratview Research follows a rigorous methodology
with high emphasis on primary research and
multiple ways of data triangulation. We conduct
primary research across the value chain to
provide 360 degree view of the market.
Secondary Research
Stratview Research Internal Knowledgebase
Primary Research
- Annual Reports / Fact Book
- Company Websites
- Magazines / Publications
- Press Releases Journals
- Industry News
- Association Articles
- Government Documents
- Social Media
- Others
- Robust database across value chain
- In-house industry veterans as advisors
- Project based subject matter experts
- Industry Players
- Industry Experts
- Suppliers
- Customers
- Associations
- Government Institutions
- Others
7Report Features
- This report provides market intelligence in the
most comprehensive way. The report structure has
been kept such that it offers maximum business
value. It provides critical insights on the
market dynamics and will enable strategic
decision making for the existing market players
as well as those willing to enter the market. The
following are the key features of the report - Market structure Overview, industry life cycle
analysis, supply chain analysis. - Market environment analysis Growth drivers and
constraints, Porters five forces analysis, SWOT
analysis. - Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics Market share,
product portfolio, product launches, etc. - Attractive market segments and associated growth
opportunities. - Emerging trends.
- Strategic growth opportunities for the existing
and new players. - Key success factors.
8Market Segmentation
- The autonomous cars market is segmented into the
following categories. - Autonomous Cars Market Size, Share, Forecast,
by Level of Autonomy - Level 1 (Regional Analysis North America,
Europe, Asia-Pacific, and RoW) - Level 2 (Regional Analysis North America,
Europe, Asia-Pacific, and RoW) - Level 3 (Regional Analysis North America,
Europe, Asia-Pacific, and RoW) - Level 4 (Regional Analysis North America,
Europe, Asia-Pacific, and RoW) - Autonomous Cars Market Size, Share, Forecast,
by Type - Internal Combustion Engine (ICE) Vehicle
(Regional Analysis North America, Europe,
Asia-Pacific, and RoW) - Hybrid Electric Vehicle (HEV) (Regional Analysis
North America, Europe, Asia-Pacific, and RoW) - Battery Electric Vehicle (BEV) (Regional
Analysis North America, Europe, Asia-Pacific,
and RoW) - Autonomous Cars Market Size, Share, Forecast,
by Region - North America (Country Analysis the USA, Canada,
and Mexico) - Europe (Country Analysis Germany, France, the
UK, Russia, Spain, and Rest of Europe) - Asia-Pacific (Country Analysis China, Japan,
India, South Korea, and Rest of Asia-Pacific) - Rest of the World (Sub-Region Analysis Latin
America, the Middle East, and Others)
9About Stratview Research
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