Autonomous Vehicles Market Global Market - Overview
An autonomous car or driverless car is a vehicle that uses various in-vehicle technologies and sensors, such as adaptive cruise control, active steering (steer by wire), anti-lock braking systems (brake by wire), GPS navigation technology, lasers, radar, and artificial intelligence (AI) to travel between destinations without a human operator. A vehicle can be stated as fully autonomous only if it is able to navigate without human interference to a pre-set destinations. AI technology is the backbone of self-driving car systems. Manufacturers interpret data from image recognition systems combined with machine learning and neural networks to build systems that can drive without human intervention. This data includes images from cameras on self-driving cars from which the neural network learns to identify as traffic lights, trees, curbs, pedestrians, street signs and other parts of any given driving environment.
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Autonomous vehicles face challenges including identification of objects such as trees, litter, animals as well as human beings, tunnels that interfere with Global Positioning Systems (GPS), lane changes due to construction on roads, and halt for emergency vehicles to pass. The system lacks in making instantaneous decisions on slowing down, accelerating, or deviating from the current path. This is an on-going challenge for developers since the scenario of autonomous cars deviating or stopping unreasonably has been observed when objects are detected near the roadways.
Autonomous Vehicles Market Global Market - Segmentation
Some of the key players in this market are: Google (U.S.), General Motors (U.S.), Volkswagen (Germany), BMW (Germany), Ford Motor Company (U.S.), Baidu (China), Toyota (Japan), Tesla (U.S.), Audi (Germany), Jaguar (U.K.) among others.
Autonomous Vehicles Market Global Market - Regional Analysis
The regional analysis of autonomous vehicles market is studied for North America, Europe, Asia Pacific and Rest of the World. Since a large number of autonomous vehicles market firms are based in North America, it is one of the leading player in autonomous vehicles market. Moreover, with higher adoption of self-driven vehicles, North America will dominate the autonomous vehicles market. Hence, the key players in the market are constantly innovating and investing in research and development activities in order to create cost-effective product portfolio.
With rapid advancements of Level 0 and Level 1 autonomous vehicles in countries like Germany and U.K.; the Europe region is expected to grow at highest CAGR due to their adoption in mobility services. However, fully autonomous vehicles are expected to dominate the market of Germany by 2027.
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List of Tables
TABLE 1 GLOBAL AUTONOMOUS VEHICLES MARKET (USD BILLION)
TABLE 2 MARKET FACTOR ANALYSIS
TABLE 3 AUTONOMOUS VEHICLES ACTIVITIES WITH POSSIBLE SENSOR TECHNOLOGIES
TABLE 4 AUTONOMOUS VEHICLES: ADVANTAGES & DISADVANTAGES OF SENSORS
TABLE 5 GLOBAL AUTONOMOUS VEHICLES MARKET: BY SENSOR (USD BILLION)
TABLE 6 GLOBAL ULTRASONIC SENSOR MARKET: BY REGION (USD BILLION)
TABLE 7 GLOBAL RADAR SENSOR MARKET: BY REGION (USD BILLION)
TABLE 8 GLOBAL LIDAR SENSOR MARKET: BY REGION (USD BILLION)
TABLE 9 GLOBAL IMAGE SENSOR MARKET BY REGION (USD BILLION)
TABLE 10 OTHERS (IR) MARKET: BY REGION (USD BILLION)
TABLE 11 GLOBAL AUTONOMOUS VEHICLES MARKET: BY TYPE (USD BILLION)
TABLE 12 GLOBAL SEMI AUTONOMOUS VEHICLE TYPE MARKET: BY REGION (USD BILLION)
TABLE 13 GLOBAL FULLY AUTONOMOOUS VEHICLE TYPE MARKET: BY REGION (USD BILLION)
TABLE 14 GLOBAL AUTONOMOUS VEHICLES MARKET SIZE, BY REGION
TABLE 15 NORTH AMERICA AUTONOMOUS VEHICLES MARKET, BY SENSOR (USD BILLION)
TABLE 16 NORTH AMERICA AUTONOMOUS VEHICLES MARKET, BY TYPE (USD BILLION)
TABLE 17 NORTH AMERICA AUTONOMOUS VEHICLE MARKET SIZE, BY COUNTRY (USD BILLION)
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