DUBLIN--(BUSINESS WIRE)--The "Global Semi-autonomous Vehicles Market Insights, Opportunity Analysis, Market Shares and Forecast, 2017 -2023" report has been added to ResearchAndMarkets.com's offering.
Global semi-autonomous vehicle market is expected to grow at a lucrative CAGR of 19% during the forecast period 2016-2023
The key factors surging the global semi-autonomous vehicles market includes increasing demand for advance automobiles and the need for safe, productive and efficient driving option. Further, cyber security and safety concerns, non-availability of required infrastructure in developing countries are some of the factors restricting growth of global semi-autonomous vehicles market. Apart from this, the market is gaining opportunities in emerging fields such as autonomous cars as a mobility service and robotic assistance.
The major factor escalating the global semi-autonomous vehicle market is the need for safe, productive and efficient driving option. Rising road accidents globally is the major factor enhancing the need for safer road vehicles. According to the International Organization for Road Accident Prevention, above 90% road accidents are caused mainly due to human errors.
According to the National Highway Traffic Safety Association, the use of driverless vehicles could save the life of more than 69 people every year in US. Hence, the adoption of semi-autonomous vehicles across the globe is expected in lead to decrease number of accidents globally, thereby increases the road safety.
Geographically, the semi-autonomous vehicles market is classified into North America, Europe, Asia Pacific and Rest of the World. Europe is expected to hold largest market share in terms of revenue during the forecast period 20126-2023 in global semi-autonomous vehicles market.
The major reason for the dominance of Europe in the concentration of major developed economies in the region, such as Germany, due to which increased the early adoption and development of advance autonomous technology thus contributing in the market growth. However, North America is expected to hold highest growth rate over the forecast period as the government of United States changed the automobile policy in 2016 for reducing the time-to-market.
Key Topics Covered:
2. Market Overview
3. Market Determinants
4. Market Segmentation
5. Competitive Landscape
6. Geographic Analysis
7. Company Profiles
- BMW (Germany)
- Cisco (U.S)
- Continental (Germany)
- Daimler (Germany)
- Delphi (U.K.)
- Denso (Japan)
- Infineon Technologies (Germany)
- Magna (Canada)
- NXP Semiconductor (Netherland)
- Renesas Electronics (Japan)
- Robert Bosch (Germany)
- Tesla (U.S.)
- Texas Instruments (U.S)
- Valeo (France)
- ZF (Germany)
For more information about this report visit https://www.researchandmarkets.com/research/mdzh4c/global?w=4