Autonomous vehicle testing Market Forecast 2018-2027: Trends and Competition | Techsci Research

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Autonomous vehicle testing Market Forecast 2027
Projected Growth and Opportunities Techsci
Research
TechSci Research's report on "Autonomous Vehicle
Testing Market - Global Industry Size, Share,
Trends, Opportunity, and Forecast, 2017- 2027"
predicts that the global autonomous vehicle
testing market will experience a strong CAGR
during the forecast period of 2023- 2027. The
growth of the autonomous vehicle testing market
is being fueled by the significant growth in the
automotive industry. Additionally, the sales of
autonomous vehicles are rising rapidly due to an
increase in consumer purchasing power, leading to
a rise in demand for autonomous vehicle testing
globally. Moreover, the
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demand for testing the automated components of
vehicles has increased due to rising incidences
of road accidents. For example, road traffic
crashes cause approximately 1.3 million deaths
annually and 20 to 50 million severe injuries,
some of which result in permanent disabilities.
Furthermore, the rising levels of carbon
emissions from vehicles are a major environmental
concern. As vehicles are the primary contributor
to air pollution, they generate significant
amounts of particulate matter, nitrogen oxide,
and carbon monoxide. Vehicle testing is necessary
to monitor carbon emissions, and a series of
tests, such as acceleration simulation mode
(ASM) test, on-board diagnostic (OBD) inspection,
and testing excessive HC or CO levels, are
conducted. Additionally, the emergence of
numerous leading companies, particularly in
emerging economies, is expected to propel market
growth. Moreover, the increasing production of
autonomous vehicles is anticipated to fuel the
demand for autonomous vehicle testing, to ensure
that the vehicle meets the regulatory standards
associated with performance, technical safety,
fuel efficiency, and more. Therefore, the global
market for autonomous vehicle testing has
significant potential and is expected to grow
rapidly in the coming years. Browse over XX
market data Figures spread through 110 Pages and
an in-depth TOC on "GLOBAL AUTONOMOUS VEHICLE
TESTING MARKET" - https//www.techsciresearch.com/
report/autonomous- vehicle-testing-market/11747.h
tml The autonomous vehicle testing market
globally is categorized into test type, vehicle
type, vehicle autonomy, competitive landscape,
and regional distribution. Test type is
differentiated into software testing, simulation
testing, driving testing, and others. Simulation
testing is projected to have a significant market
share during the forecast period, as autonomous
vehicles require large-scale testing and
assessments before deployment. Simulation testing
enables
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• engineers to anticipate validation through
  digital prototyping, providing greater
  advantages over physical testing, boosting the
  segment growth.
• Vehicle type is divided into passenger car and
  commercial vehicle. The passenger car segment is
  expected to hold a significant market share due
  to the increasing purchasing power of consumers,
  encouraging buyers to opt for autonomous
  vehicles. Therefore, the demand for vehicle
  testing in autonomous passenger cars has
  increased over time.
• The market is divided by vehicle autonomy into
  Level 1, Level 2, Level 3, and Level 4/5, with
  the Level 3 segment expected to hold the largest
  market share over the forecast period. Since
  Level 1 and Level 2 cars have very few automated
  components, they do not require frequent testing
  via certain assessments. Although Level 4/5 cars
  are highly autonomous and do not require human
  intervention, they are less available in the
  market compared to Level 3 autonomous cars.
• Thus, the emergence of automotive players
  launching Level 3 autonomous cars and their
  growing adoption is expected to boost the
  segment growth.
• A list of major market players of the global
  autonomous vehicle testing market includes
• Intertek Group plc
• AB Dynamics
• Google (Waymo)
• Tesla Inc
• Toyota Motor Corporation
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Customers can also request for 10 free
customization on this report. Europe is
estimated to hold the largest market share during
the forecast period. This can be attributed to
the economic growth in the region, rising
working population, and introduction of favorable
government policies attracting several leading
autonomous automotive players such as Tesla, AB
Dynamics, and Google to establish their plants.
The widespread availability of autonomous
vehicles and the growing purchasing power of
consumers are eventually increasing the demand
for autonomous vehicle testing in the region.
Furthermore, the rising demand for autonomous and
luxury vehicles for enhanced convenience and
connectivity is supporting the market growth.
Besides, growing innovations in autonomous
automotive testing and introduction of the
best-in-class testing solutions such as
cloud-based service in vehicle testing are
contributing to the market growth. With
cloud-based tools, testers can carry out mobile
and web testing in different environments and
machines without the need to set up any
infrastructure, which makes automotive testing
scalable and cost-efficient. said Mr. Karan
Chechi, Research Director, TechSci Research, a
research based global management consulting
firm. Autonomous Vehicle Testing Market Global
Industry Size, Share, Trends, Opportunity and
Forecast, 2023-2027 Segmented By Test Type
(Software Testing, Simulation Testing, Driving
Testing, Others), By Vehicle Type (Passenger
Car, Commercial Vehicle), By Vehicle Autonomy
(Level 1, Level 2, Level 3, Level 4/5) and
By Region has evaluated the future growth
potential of global autonomous vehicle testing
market and provides statistics information on
market size, structure, and future market growth.
The report intends to provide cutting-edge
market intelligence and help decision makers
take sound investment decisions. Besides, the
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report also identifies and analyzes the emerging
trends along with essential drivers, challenges,
and opportunities in global autonomous vehicle
testing market. DOWNLOAD FREE SAMPLE
REPORT- https//www.techsciresearch.com/sample-rep
ort.aspx?cid11747 About TechSci
Research TechSci Research is a research-based
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result, TechScis client leads rather than follow
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