Autonomous cars, also called driverless cars, self-driving cars, robot car or autonomous vehicles (AVs), are vehicles that can navigate to a predetermined destination without the help of human guidance. The integration of advanced vehicle systems such as ADAS, AEBS, comprehensive vehicle tracking systems, remote controlled systems, and advanced vehicle to everything (V2E) connectivity in autonomous cars are expected to be the nascent technological developments paving way for autonomous cars market over the forecast period. Moreover, these technologies enhance vehicle performance and fuel efficiency, which is projected to increase consumer inclination towards these cars.
Increasing demand for advanced safety, comfort, and convenience systems is the primary factor driving growth of the autonomous car market. Automotive embedded system is a crucial component in improving vehicle performance, driver and pedestrian safety, and for effective emission control. In advanced vehicles, several electronic components such as sensors and microcontrollers for enhanced safety and convenience features such as infotainment, electronic steering, automatic braking, collision avoidance, brake assist, driver warning, external airbags, and other embedded systems are used. Key players in the automotive industry such as Volvo, Mercedes, and BMW are involved in the development and manufacturing of autonomous vehicles, which include features such as collision avoidance, driver warning, and external airbags.
Key features of the study:
- This report provides in-depth analysis of autonomous car market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2018–2035), considering 2017 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players It profiles leading players in the global autonomous car market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, autonomous car market capital, key developments, strategies, and future plans Companies covered as part of this study include OEMs and component suppliers. OEMs include Tesla, Ford Motors, Ford Motors, Waymo, Volkswagen Group, BMW, Renault SA, Audi, Hyundai, Honda, Toyota, Mercedes, Kia Motors, and others. Platform providers include Baidu, Inc., Samsung Electronics, Inc., NVIDIA Corporation, Mobileye, Inc., Delphi Automotive System LLC, and NXP BlueBox. Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product upgrades, market expansion, and marketing tactics The global autonomous car market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts Stakeholders would have ease in decision making through various strategy matrices used in analyzing the global autonomous car market