DUBLIN--(BUSINESS WIRE)--The "Autonomous Vehicle Market by Level of Automation and Component and Application - Global Opportunity Analysis and Industry Forecast, 2019-2026" report has been added to ResearchAndMarkets.com's offering.
The global autonomous vehicle market is expected to be valued at $54.23 billion in 2019, and is projected to reach $556.67 billion by 2026, registering a CAGR of 39.47% from 2019 to 2026.
An autonomous vehicle is a robotic vehicle that is designed to travel between destinations without a human operator. They combine sensors and software to control, navigate, and drive the vehicle. Autonomous vehicle uses LiDAR, and RADAR sensors for its operation. Most self-driving systems create and maintain an internal map of their surroundings, based on these sensors. The factors such as mobility as a service, reduction in accidents caused due to driver's error and reduction of hazardous gas carbon dioxide) by using driverless cars, stringent government regulations regarding safety supplement the growth of the market. However, operation issues in certain types of environment, difficulties in identifying human behavior, and lack of abilities to perform in uncertain situations hamper this stated growth. Furthermore, increase in penetration of smart cars, and favorable government regulation are expected to present numerous opportunities for market expansion.
The market is segmented into level of automation, component, application, and region. Based on level of automation, it is categorized into level 3, level 4, and level 5. Based on component, it is segmented into hardware, software, and service. The application segment is divided into civil, robo taxi, ride hail, ride share, self-driving truck, and self-driving bus. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and Latin America and Middle East (LAMEA).
- General Motors
- Daimler AG
- Ford Motor Company.
- Volkswagen Group
- BMW AG
- Renault-Nissan-Mitsubishi alliance
- Volvo-Autoliv-Ericsson-Zenuity alliance
- Groupe SA
- AB Volvo
- Toyota Motor Corporation
- Tesla Inc.
Key Topics Covered:
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Autonomous Vehicle Market, By Level Of Automation
Chapter 5: Autonomous Vehicle Market, By Application
Chapter 6: Autonomous Vehicle Market, By Component
Chapter 7: Autonomous Vehicle Market, By Region
Chapter 8: Company Profiles: Auto Makers
Chapter 9: Company Profiles: Auto Suppliers
Chapter 10: Company Profiles: Tech Providers
Chapter 11: Company Profiles: Av-As-A-Service Providers
For more information about this report visit https://www.researchandmarkets.com/research/lpzwz6/global_autonomous?w=4