openPR Logo
Press release

Semi Autonomous and Autonomous Vehicle Market: Lucrative Opportunites across Globe

Semi Autonomous and Autonomous Vehicle Market: Lucrative

vehicle without the need of any human intervention. Many autonomous vehicles are being developed Autonomous cars are vehicles which are capable of sensing the environment and navigating the but these cars are still not permitted on public roads. In semi-autonomous cars the responsibility of driving is delegated to the driver and the technology is used in the vehicles for driver-air and safety feature. Established auto-makers such as Tesla, Nissan, Mercedes-Benz and Volvo have been strongly focusing on developing semi-autonomous cars in the recent years.

Report Detail: https://www.transparencymarketresearch.com/semi-autonomous-autonomous-vehicle-market.html

The global semi-autonomous and autonomous vehicle market is expected to witness swift growth during the forecast period, driven by the surge in demand for sophisticated and innovative technologies, increased research and development expenditure and growing inclination towards minimal driving errors. Further an increase in the global production of vehicles both in the developed and developing countries coupled with the rising need of highly secured cars and stringent government norms across the global is expected to bolster the market growth during the forecast period. However, high infrastructure and vehicle cost are posing to be a hindrance to the speedy growth of the global semi-autonomous and autonomous vehicle market. The high repair cost of these vehicles could further restrain the market growth as certain part of these vehicles are complicated and thus custom made, making them very expensive. The trust and dependence of customers to let technology take away partial or complete control on the vehicle would also play a significant role in shaping the market dynamics of semi-autonomous and autonomous vehicles.

The global semi-autonomous and autonomous vehicle market can be segmented on the basis of vehicle type into semi-autonomous vehicles and autonomous vehicles. By components, the global market can be segregated into radar, engine control unit, fusion sensor, vision sensor, camera, ranging unit, control processing unit, 3D laser scanners and steering assist electronic control unit. Additionally, the market can be classified by technology into adaptive cruise control, lane keep assist, intelligent park assist, blind spot detection, emergency brake assist and adaptive front lighting for semi-autonomous vehicles and radar, lidar and ultrasonic for autonomous vehicles. Based on powertrain, the market can be segmented into conventional vehicles, electric vehicles and hybrid vehicles. The global semi-autonomous and autonomous vehicle market can be further classified geographically into North America, Europe, Asia Pacific, South America and Middle East and Africa. North America and Europe are leading the global market, owing to the increase in vehicle production in the recent years in developed countries like the U.S. and Germany, with OEMs catering to both the domestic and overseas demand. However, Asia Pacific is expected to witness the fastest growth rate during the forecast period from 2017 – 2025, owing to the increasing demand for passenger vehicles and a rising middle class. Further, this region is the home of established auto-makers such as Nissan, Honda and Toyota among others, who are offering semi-autonomous features. Changing lifestyles and increasing focusing on improving the roadway infrastructure is expected to strongly fuel the semi-autonomous and autonomous vehicle market growth in the coming years.

Request PDF Brochure: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=27392

The global semi-autonomous and autonomous vehicle market report provides the market share analysis of the key industry participants operating in the industry. The global market comprises a considerable number of eminent auto-makers. These players have been exhaustively profiled and their business overview, financial overview, business strategies and recent developments have been covered under the purview of the report. Some of the major players operating in the global semi-autonomous and autonomous vehicle market include Volvo, Mercedes-Benz, Volkswagen AG, Daimler AG, Nissan Motor Company Ltd, Robert Bosch GmbH, Continental AG, Delphi Automotive PLC, Google Inc., Cisco Systems, Inc., Visteon Corporation and Tesla Motors among others.

Report TOC: https://www.transparencymarketresearch.com/sample/sample.php?flag=T&rep_id=27392

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact TMR

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email:sales@transparencymarketresearch.com
Website:http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Semi Autonomous and Autonomous Vehicle Market: Lucrative Opportunites across Globe here

News-ID: 1157439 • Views: 669

More Releases from Transparency Market Research

Hydrogen Peroxide Market to Register a Healthy CAGR of 5.8% for the Forecast Per …
Hydrogen Peroxide Market: Introduction Transparency Market Research delivers key insights on the global hydrogen peroxide market. In terms of revenue, the global hydrogen peroxide market is estimated to expand at a CAGR of 5.8% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecast in its report on the global hydrogen peroxide market. Read report Overview: https://www.transparencymarketresearch.com/hydrogen-peroxide-market.html The global hydrogen peroxide market is broadly affected by several factors
Polyethylene Wax Market to Register a Healthy CAGR of 5.1% for the Forecast Peri …
Polyethylene Wax Market: Introduction Transparency Market Research delivers key insights on the global polyethylene wax market. In terms of revenue, the global polyethylene wax market is estimated to expand at a CAGR of 5.1% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global polyethylene wax market. Read report Overview: https://www.transparencymarketresearch.com/polyethylene-wax-market.html The global polyethylene wax market is broadly affected by several
Specialty Yeast Market Worldwide With Impressive Sales Trends By 2027
Global Specialty Yeast Market: Overview The demand within the global specialty yeast market is rising on account of advancements in the domain of food processing. Several types of snacks and sauces can be manufactured with the help of specialty yeast, and this is a key consideration from the perspective of market growth. The food and beverages industry is characterised by a robust supply chain, and hence, quick acquisition of specialty foods
IV Bottles Market Applications and Regional Insights during the Forecasted Perio …
According to Transparency Market Research's latest report on the global IV bottles market for the forecast period of 2021-2031, the market is projected to be driven by continuous research & development activities in the pharmaceutical packaging, which are leading to developments in the IV bottles in terms of improving barrier properties, and growing demand for recyclable and sustainable packaging for the product The global IV bottles market is expected to expand

All 5 Releases