An autonomous vehicle, or a driverless vehicle, can operate itself and perform necessary functions without any human intervention, through the ability to sense its surroundings. The global Autonomous Vehicle market is projected to rise at a significant rate in the forthcoming years.
Autonomous vehicles help in the reduction of carbon dioxide emissions in the environment. Also, they contribute to the revenue of various industries such as IT, technology, and electronics. In addition, automobile manufacturers are focused on autonomous vehicles to meet the demand of customers, and also to secure their position in the market and improve their product portfolio. These are some factors that are remarkably boosting the growth of the global Autonomous Vehicle market.
Furthermore, rising investment by automobile manufacturers, changes in needs and behavior of customers, and the environment-friendly features of autonomous vehicles are anticipated to encourage the market during the forecast period. Moreover, the increasing number of road accidents due to an error by humans offer profitable opportunities to the autonomous vehicles manufacturers during the forecast period, as autonomous vehicles are comparatively safer than human-controlled vehicles.
Covid-19 Impact on Autonomous Vehicle Market:
The outbreak of the covid-19 has a severe and swift impact on the automobile and transportation industry. This is majorly due to the shutdown of assembly plants in the US, interruptions across Europe in large-scale manufacturing, and disruption in the export of Chinese parts. In addition to this, the industry is dealing with reduced demand across the globe due to changes in customer behavior and shifts in a supply-demand chain. A recent study shows a 39% decline in sales of automotive all over the world. Moreover, the nationwide lockdowns have substantially affected the transportation sector. Restrictions on transportation accounted for a 45 to 55% decline in public as well as private transport sectors.
Autonomous Vehicle Market Segment Overview
Based on technology, the advanced technology artificial intelligence segment is anticipated to play an important role in the global autonomous vehicles market in the forecast period. Automobile manufacturers and technology vendors are investing more in artificial intelligence to gain a competitive advantage in the autonomous vehicles market. Furthermore, autonomous vehicles are vital in the selected application that features controlled environments such as agriculture, construction, and mining. Several benefits of automation in this field include saving in cost of labor and reduction of carbon dioxide emission in the environment through optimized driving. These factors are projected to fuel the demand for autonomous vehicles during the forecast period.
Autonomous Vehicle Market, By Application
· Public Transportation
· Passenger Vehicles
· Industrial Fleets
· Construction
· Mining
· Agriculture
Autonomous Vehicle Market, By Component
· Long Range RADAR System
· LIDAR system
· Camera
· Short/Medium Range RADAR System
· Ultrasound
· GPS
Autonomous Vehicle Market, By Technology
· Automated Park Assist Technology
· Adaptive Cruise Control Technology
· Automated Highway Driving Assistance
· Autonomous Highway Driving
· Advance Technology Artificial Intelligence
Autonomous Vehicle Regional Overview
Region-wise, Western Europe accounts for a major share in the global Autonomous Vehicles market due to the high adoption rate of such vehicles in the region. North America is the second-largest market for autonomous vehicles. As well, Asia Pacific is expected to show rapid growth with a gradual increase in market share. China, India, and Japan are the major manufacturing countries of autonomous vehicles. In addition, the adoption of autonomous vehicles in the developing regions such as Latin America, and Middle East & Africa is estimated to be lesser than that in the other regions.
Autonomous Vehicle Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Autonomous Vehicle Market Competitor overview
Some key developments and strategies adopted by manufacturers in Autonomous Vehicle are highlighted below.
· In July 2021, Less than three months after acquiring Lyft’s autonomous vehicle unit for $550 million, Toyota subsidiary Woven Planet Holdings made another acquisition to strengthen its position in the market. Woven Planet is acquiring HD mapping startup Carmera for an undisclosed amount.
· In July 2021, Autonomous vehicle specialist, Aurrigo, is one of the first companies in the UK to benefit from a new technology partnership between Vodafone and Amazon Web Services (AWS).
Autonomous Vehicle Market, Key Players
· Nissan Motor
· Apple
· Ford Motor
· Intel
· Volvo
· General Motors
· Argus Cyber Security
· Tesla Motors
· Audi AG
· BMW AG
· Mercedes-Benz
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Autonomous Vehicle Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Application
- 5.2.1. Public Transportation
- 5.2.2. Passenger Vehicles
- 5.2.3. Industrial Fleets
- 5.2.4. Construction
- 5.2.5. Mining
- 5.2.6. Agriculture
- 5.3. Market Analysis, Insights and Forecast – By Component
- 5.3.1. Long Range RADAR System
- 5.3.2. LIDAR system
- 5.3.3. Camera
- 5.3.4. Short/Medium Range RADAR System
- 5.3.5. Ultrasound
- 5.3.6. GPS
- 5.4. Market Analysis, Insights and Forecast – By Technology
- 5.4.1. Automated Park Assist Technology
- 5.4.2. Adaptive Cruise Control Technology
- 5.4.3. Automated Highway Driving Assistance
- 5.4.4. Autonomous Highway Driving
- 5.4.5. Advance Technology Artificial Intelligence
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East and Africa
6. North America Autonomous Vehicle Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Application
- 6.2.1. Public Transportation
- 6.2.2. Passenger Vehicles
- 6.2.3. Industrial Fleets
- 6.2.4. Construction
- 6.2.5. Mining
- 6.2.6. Agriculture
- 6.3. Market Analysis, Insights and Forecast – By Component
- 6.3.1. Long Range RADAR System
- 6.3.2. LIDAR system
- 6.3.3. Camera
- 6.3.4. Short/Medium Range RADAR System
- 6.3.5. Ultrasound
- 6.3.6. GPS
- 6.4. Market Analysis, Insights and Forecast – By Technology
- 6.4.1. Automated Park Assist Technology
- 6.4.2. Adaptive Cruise Control Technology
- 6.4.3. Automated Highway Driving Assistance
- 6.4.4. Autonomous Highway Driving
- 6.4.5. Advance Technology Artificial Intelligence
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Autonomous Vehicle Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Application
- 7.2.1. Public Transportation
- 7.2.2. Passenger Vehicles
- 7.2.3. Industrial Fleets
- 7.2.4. Construction
- 7.2.5. Mining
- 7.2.6. Agriculture
- 7.3. Market Analysis, Insights and Forecast – By Component
- 7.3.1. Long Range RADAR System
- 7.3.2. LIDAR system
- 7.3.3. Camera
- 7.3.4. Short/Medium Range RADAR System
- 7.3.5. Ultrasound
- 7.3.6. GPS
- 7.4. Market Analysis, Insights and Forecast – By Technology
- 7.4.1. Automated Park Assist Technology
- 7.4.2. Adaptive Cruise Control Technology
- 7.4.3. Automated Highway Driving Assistance
- 7.4.4. Autonomous Highway Driving
- 7.4.5. Advance Technology Artificial Intelligence
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Autonomous Vehicle Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Application
- 8.2.1. Public Transportation
- 8.2.2. Passenger Vehicles
- 8.2.3. Industrial Fleets
- 8.2.4. Construction
- 8.2.5. Mining
- 8.2.6. Agriculture
- 8.3. Market Analysis, Insights and Forecast – By Component
- 8.3.1. Long Range RADAR System
- 8.3.2. LIDAR system
- 8.3.3. Camera
- 8.3.4. Short/Medium Range RADAR System
- 8.3.5. Ultrasound
- 8.3.6. GPS
- 8.4. Market Analysis, Insights and Forecast – By Technology
- 8.4.1. Automated Park Assist Technology
- 8.4.2. Adaptive Cruise Control Technology
- 8.4.3. Automated Highway Driving Assistance
- 8.4.4. Autonomous Highway Driving
- 8.4.5. Advance Technology Artificial Intelligence
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Autonomous Vehicle Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Application
- 9.2.1. Public Transportation
- 9.2.2. Passenger Vehicles
- 9.2.3. Industrial Fleets
- 9.2.4. Construction
- 9.2.5. Mining
- 9.2.6. Agriculture
- 9.3. Market Analysis, Insights and Forecast – By Component
- 9.3.1. Long Range RADAR System
- 9.3.2. LIDAR system
- 9.3.3. Camera
- 9.3.4. Short/Medium Range RADAR System
- 9.3.5. Ultrasound
- 9.3.6. GPS
- 9.4. Market Analysis, Insights and Forecast – By Technology
- 9.4.1. Automated Park Assist Technology
- 9.4.2. Adaptive Cruise Control Technology
- 9.4.3. Automated Highway Driving Assistance
- 9.4.4. Autonomous Highway Driving
- 9.4.5. Advance Technology Artificial Intelligence
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Nissan Motor
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Apple
- 10.6. Google
- 10.7. Ford Motor
- 10.8. Intel
- 10.9. Volvo
- 10.10. General Motors
- 10.11. Argus Cyber Security
- 10.12. Tesla Motors
- 10.13. Audi AG
- 10.14. BMW AG
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
