Global Autonomous Cars Market: Evolution of Electric Cars to Bring Opportunities for Automotive Electronics Companies

With autonomous sensors becoming ubiquitous in most automotive verticals, opportunities for automotive electronics companies have foreseen to upsurge. Automotive companies are racing up to manufacture and effective and intelligent driverless car. However, total adoption of driverless cars is likely to take next decade, due to need for connected infrastructure and improvements in electronic sensors. To comprehend such factors that bring opportunities for automotive electronics companies, Market Research Hub (MRH) has included a novel report titled “Autonomous Cars: Business Opportunities for IC and Automotive Electronics Companies” in its repository.

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Car Sharing – An Emerging Trend in Autonomous Car Market

Experts in the industry have discovered that over the past few years, emotional attachment with the cars have been decreased a significantly. This is attributed to rise in car sharing in developed as well as emerging countries, especially in EMEA and APAC regions. Analysts expect the concept of car sharing is likely to increase in the foreseeable future. This is the key opportunity for automotive electronics companies to manufacture cloud based system to implement ease in sharing cars.

Stalwarts Entering in Electric Cars Market

Since 2016, rise in sales of electric cars has been observed, which explains why stalwarts such as VW, General Motors, and Daimler have entered in this lucrative market with novel models. Declining reservoir of non-renewable energy sources is the key reason for push in sales of the electric vehicles. With the rise in sales of electric cars, the demand for electronic sensors as well as ICs will witness significant growth in foreseeable future. This is likely to bring lucrative opportunities for automotive electronics companies.

The research report on autonomous cars market commences with the developments of global autonomous cars market and industry chain of autonomous cars that includes, industry chains, types of companies, autonomous driving hardware and software as well as startups.

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In-Depth Analysis of Autonomous Cars Market

The report exerts accurate insights on the autonomous cars market. The report is an explicit source of an information including demand for autonomous car ICs, electronic parts and components with all-inclusive regional coverage that are shaping the expansion of the industry. Readers are likely to be benefitted with the insights provided in the report to understand strategies of their rivals as well as they can plan their strategies accordingly to remain at the pole position.

Comprehensive intelligence has been included in the report on autonomous cars market that highlights present and future outlook of automation in the automobile industry. The report exerts trends in the market, which will have huge impact on the growth of the market. Further, demand for automotive semiconductors and electronic components have been explained in the report. Product trends and information related to hardware manufacturers have been propounded in the report.

Competitive Landscape: Autonomous Cars Market

The last section of the report quantifies, revenue share of several leading manufacturers in the autonomous cars market as well as provides detailed overview of competitive scenario on the market. Detailed description related to prominent company landscape has been inked in this section. This is likely to understand vast presence of their rivals and their strategies to maintain their pole position.

SWOT analysis has been incorporated in the report combined with growth strategies such as partnerships and collaborations as well as novel product developments of such players.

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