Self-driving Car Market Is Growing At A CAGR Of 36.2% | Top Players: Microsoft, Apple, IBM, Cisco, Google, Tesla, General Motors, Volvo

Recent industry assessment report on the Self-driving car market applies qualitative and quantitative research techniques to probe into the complete business scenario of the Self-driving car market for the forecast period 2018 - 2026. The study churns out some real-time data and offers enough information on the estimated market size, growth, and share to the stakeholders, field marketing personnel and product owners planning to multiply profitability and reduce costs. Importantly, the market intelligence research dives deep into customer preferences, spending capacity and production volume with the aim to ensure unmatched customer delight. A thorough assessment of trends from the yesteryears and future discussed in the report can help business owners identify tweaks that might be needed to the existing business strategy. 

A self-driving car, also known as an autonomous car or driverless car, is a vehicle that uses a combination of sensors, cameras, radars and artificial intelligence (AI), to travel between destinations without the need of any human effort. To qualify as fully autonomous, a vehicle must be able to navigate without human intervention, to a predetermined destination, over roads that have not been adapted for its use. The global self-driving car market is expected to expand at a CAGR of 36.2%, leading to global revenue of USD 173.15 Bn by 2023.

The major players covered in this Self-driving car market report are

• Microsoft

• Apple

• IBM

• Cisco

• Google

• Toyota

• Tesla

• General Motors

• Volvo

• Nissan Motor Company

• Others

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AI technologies power self-driving car systems. Developers of self-driving cars use vast amounts of data from image recognition systems, along with machine learning and neural networks, to build systems that can drive autonomously. Advanced control systems interpret sensory information to identify appropriate navigation paths, as well as obstacles and relevant signage. Automakers and technical vendors are investing in AI to succeed in the era of autonomous vehicles.

The global self-driving car market is segmented on the basis of type of vehicle, product type, application of the car, technology components (hardware and software), and geography. The global market for autonomous cars can be categorized on the basis of its use and application, that is, into personal use and commercial use. In the self-driving car market, products are segregated based on type such as Level 1, Level 2, Level 3, Level 4 and Level 5 automation. The components market comprises radar, video cameras, lidar, ultrasound, central computing and GPS navigation. Geographically, the self-driving car market is segmented into North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa.

Self-driving car Market split by Technology, can be divided into:

• Radar sensors

• Video cameras

• Lidar senors

• Ultrasound sensors

• Central computing systems

• GPS navigation systems

Self-driving car Market split by Product Type, can be divided into:

• Level 1 automation

• Level 2 automation

• Level 3 automation

• Level 4 automation

• Level 5 automation

Key growth factors

Rising acceptance of autonomous vehicles by various governments is expected to boost the growth of industrial applications of autonomous cars and trucks over the forecast period. Technological advancements, increasing number of road accidents, and growing demand for automation are the key factors driving the growth of the market. 

The rise of the mobility as a service (MaaS) sector is anticipated to provide an impetus to the market for autonomous cars. Automation in the automotive industry will boost the growth of the global self-driving car market.

Geographically, this Self-driving car market report studies the top producers and consumers in these key regions:

• North America

• Europe

• China

• Japan

• Other Regions (India, Southeast Asia, Central & South America and Middle East & Africa)

We can also provide the customized separate regional or country-level reports, for the following regions:

North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa

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What’s covered in the report?

1. Overview of the global self-driving car market

2. Market drivers and challenges in the global self-driving car market

3. Market trends in the global self-driving car market

4. Historical, current and forecasted market size data for the global self-driving car market

5. Historical, current and forecasted market size data for the types of cars in the global self-driving car market (passenger vehicle and commercial vehicle)

6. Historical, current and forecasted market size data for the applications of cars in global self-driving car market (passenger use and commercial use)

7. Historical, current and forecasted market size data for the product types in the global self-driving car market (Level 1, Level 2, Level 3, Level 4 and Level 5 automation)

8. Historical, current and forecasted market size data for the technology components in the global self-driving car market (radar sensors, video cameras, lidar senors, ultrasound sensors, central computing systems, GPS navigation systems)

9. Historical, current and forecasted regional (North America, Europe, Asia-Pacific, Latin America, the Middle East & Africa) market size data for the global self-driving car market

10. Analysis of the competitive landscape and profiles of major companies operating in the market

11. Key recent developments in the global self-driving car market

Browse complete Self-driving car report description @ https://www.marketexpertz.com/industry-overview/global-self-driving-car-market

Key Elements from table of content:

Chapter 1: Executive summary

Chapter 2: Global self-driving car market - market overview

Chapter 3: North America self-driving car market - market overview

Chapter 4: Europe self-driving car market - market overview

Chapter 5: Asia-Pacific self-driving car market- market overview

Chapter 6: Latin America self-driving car market- market overview

Chapter 7: The Middle East and Africa self-driving car market - market overview

Chapter 8: Competitive landscape

Chapter 9:Conclusion

Chapter 10:Appendix

Note: The Table of Contents (ToC) provided above contains the targeted coverage. The coverage is subject to change as we progress with the research. Disclaimer: The report will be delivered within 12 business days post payment confirmation

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