Global Autonomous Vehicles Information,By Sensor, By Hardware & Software - Forecast 2027

PUNE, India, July 28, 2016 /PRNewswire-iReach/ -- Market Research Future (MRFR) Announces the Publication of its Research Report – Global Autonomous Vehicles Market 2016-2027

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According to the report, technological advancement and safety while driving is a key driver for this market. The growing automotive industry and growing need of safety in cars is creating need for safe and secure driving environment. This will lead to the growth of autonomous vehicle market. Further, the report states that higher production cost, privacy concerns is challenge to the market growth.

Details are provided within the report @ Global Autonomous Vehicles Market Research Report- Global Forecast 2027

Study Objective of Autonomous Vehicles Market

• To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the Global Autonomous Vehicles Market
• To provide insights about factors affecting the market growth
• To analyze the hydroponics market based on various factors- price analysis, supply chain analysis, porter's five force analysis etc.
• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)
• To provide country level analysis of the market with respect to the current market size and future prospective
• To provide country level analysis of the market for segment by sensor, by hardware & software and sub-segments.
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Autonomous Vehicles Market

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Market Synopsis of Autonomous Vehicles Market

Market Scenario

Autonomous Vehicle or driverless car or self-driving car are capable to reading and sensing the environment and operate without human input. Currently many major automotive companies are trying hard to develop an autonomous vehicle. Concept of autonomous car is very old and in the year 1980s, first automatic car appeared. Since then companies are working on various prototype to make the autonomous vehicle a reality. This market is expected to be US $40-60 billion by the end of forecasted period. Currently all the prototypes are being tested in the R&D centers of various automobile company, universities and expected to launch soon.  

Market Segmentation

Segmentation by Sensor: Ultrasonic, Image Sensor, Radar, Lidar, IR (Infrared), Proximity sensors, Parking Assistance Sensors among others.

Segmentation by Hardware & Software:  Cameras, Communication Systems, Adaptive cruise control Systems, GPS systems among others.

Note: Only qualitative data will be provided on the basis of software

Regional Analysis

North America is dominating the market of Autonomous Vehicle with the market share of XX%. A study shows that by the end of 2019, US is expected to witness a health demand for autonomous vehicles. Technological advantage is the major factor which is giving the North America a leader position in the market. Europe stands as second biggest market for autonomous vehicle as population of Europe region is more adaptive towards the new technologies. Countries in the Asia-Pacific like China, Japan are helping the companies in order to understand the technology and develop them. Aging population is currently big issue in Japan and it is expected that Autonomous vehicle market will grow rapidly in this country.

Key players

The key players in the market of Autonomous vehicle 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.

Industry News

• In May 2016, GM announced that autonomous cars will hit the road by 2020 or sooner.
• In May 2016, BMW announced the launch of iNext an autonomous car by in 2021.
• In October 2016, Toyota announced the launch of new autonomous car by 2020.

The reports also covers brief analysis of Geographical Region includes:

Americas

Europe

Asia– Pacific

The Middle East& Africa

You can request one free hour of our analyst's time when you purchase this market report.

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Media Contact: Norah Trent, Market Research Future, +1 646 845 9349, salesteam@marketresearchfuture.com

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SOURCE Market Research Future