openPR Logo
Press release

Autonomous Cars Market Trends And Growth 2025 By Key Players Tesla, Ford Motors, Ford Motors, Waymo

09-17-2018 03:59 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent Market Insights

Autonomous Cars Market Trends And Growth 2025 By Key Players

The autonomous car market in Asia Pacific is expected to grow at a CAGR of 36.6% over the forecast period, owing to rapid urbanization and industrialization in China due to increasing GDP. Therefore, increased standard of living has significantly impacted affordability and expenditure on luxury vehicles. Moreover, increasing vehicle production in China is expected to further propel the regional market growth over the forecast period. For instance, according to the Organization Internationale des Constructeurs d'Automobiles (OICA), in 2016, vehicle production in China accounted for total of 29.6% of the global production. Moreover, the country’s production increased about 14.5% in 2016 from 2015.

Increasing smart city and connected infrastructure initiatives by various governments in this region has led to improvement in internet connectivity, road infrastructures, and highways, which will make the infrastructure in this region suitable for autonomous cars. For instance, in 2015, 100 smart city mission was launched by the Government of India to develop 100 smart cities across the country.

Request Sample Copy of Research Report @
https://www.coherentmarketinsights.com/insight/request-sample/2128

Market Drivers:

Advancement in technology and growing demand for electric vehicles is driving growth of autonomous car market. The adoption of advanced embedded systems in automotive industry has increased significantly over the past two decades. This is due to deployment of these systems in emerging telematics products and in-vehicle infotainment for automotive. Tire pressure monitoring systems, airbags, anti-lock braking system, satellite radio, telematics, and emission control are some of the prominent applications that require incorporation of an embedded system for their operations. For instance, embedded airbag system is a battery-operated system that works on commands generated from the microcontroller in an event of collision and triggers the airbag system by operating an alternator. Hence, demand for automotive embedded systems is expected to propel the autonomous car market growth.

Level 4 segment is expected to exhibit the highest CAGR over the forecast period (2018 - 2035)

Among level of automation, level 4 segment is expected to exhibit the highest CAGR over the forecast period. The demand for level 4 autonomous vehicles is increasing due to rising road accidents across the globe. For instance, according to the National Highway Traffic Safety Administration (NHTSA) analysis, around 90% road accidents are majorly caused due to human errors. Therefore, rising road accidents are considered to be the most prominent factor for automakers to increase integration of safety system in the car, which further helps in increasing the safety of the vehicles as well as pedestrians walking on the road.

Passenger car application segment held dominant position in the global autonomous car market in 2017

Autonomous passenger cars features various technologies such as GPS sensors to help with navigation and sensors to avoid collisions. They also have the ability to use augmented reality, where a vehicle displays information to drivers in innovative ways. Industry manufacturers are focused on developing technologically advanced cars with easy to use and more safety features. For instance, General Motors is expected to start production of fully autonomous cars in 2019, with no steering wheel or ability for drivers to intervene. Companies are majorly investing in the development of passenger cars. Moreover, advancements in new technologies have accelerated in the market with the participation of leading car developers including Audi, BMW, Ford, and most recently Tesla and Google. These factors will drive growth of the segment in the autonomous car market.

Asia Pacific autonomous market is projected to witness the highest CAGR in the forecast period

Asia Pacific is expected to be the fastest growing region in the autonomous car market over the forecast period. Increasing vehicle manufacturing and high demand for electric vehicles in economies such as China and Japan are expected to drive growth of the regional market. According to the International Energy Agency’s Global EV Outlook, China led the electric vehicles market in 2016, accounting for sale of over 40% electric cars worldwide. Hence, increasing demand for electric vehicle is propelling demand for autonomous cars.

To Get Discount on This Report @ https://www.coherentmarketinsights.com/insight/request-discount/2128

Moreover, government regulations for safety and to reduce road accidents is one of the major growth factors for the market in Asia Pacific. For instance, in 2016, according to the Indian Ministry of Road Transport & Highways, it is mandatory for the OEMs to install anti-locking brake system on heavy vehicles.

Key companies

Major players operating in the global autonomous car market include Tesla, Ford Motors, Ford Motors, Waymo, Volkswagen Group, BMW, Renault SA, Audi, Hyundai, Honda, Toyota, Mercedes, Kia Motors, Baidu, Inc., Samsung Electronics, Inc., NVIDIA Corporation, Mobileye, Inc., Delphi Automotive System LLC, and NXP BlueBox. The market players are adopting various growth strategies such as mergers & acquisitions, product launches, collaborations, geographic expansions, and others to expand their market presence.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.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 Autonomous Cars Market Trends And Growth 2025 By Key Players Tesla, Ford Motors, Ford Motors, Waymo here

News-ID: 1243181 • Views: 923

More Releases from Coherent Market Insights

Autonomous Car Market To Witness A Tremendous Growth With A CAGR of 41.4% by 203 …
In terms of value, the worldwide autonomous car market is predicted to reach US$ 0.6 billion in 2025, with a CAGR of 47.5 % between 2025 and 2035. For business strategists, Autonomous Car Market Research Report 2022-2035 is a great source of relevant data. It includes an overview of the industry, as well as growth analyses, market trends, drivers, and restraints. The research analysts give a detailed overview of the value
Data Center Virtualization Market Report Cover Major Application, Key Insights, …
Data center virtualization is the process of designing, developing and deploying a data center on virtualization and cloud computing technologies. Data center virtualization encompasses a broad range of tools, technologies and processes that enable a data center to operate and provide services on top of virtualization layer/technology. Using data center virtualization, an existing or a standard data center facility can be used to provide/host multiple virtualized data centers on the
Machine to Machine (M2M) Connections Market Key Opportunities, Envelope Growth F …
𝑳𝒂𝒕𝒆𝒔𝒕 𝑼𝒑𝒅𝒂𝒕𝒆𝒔 𝒐𝒏 𝑴𝒂𝒄𝒉𝒊𝒏𝒆 𝒕𝒐 𝑴𝒂𝒄𝒉𝒊𝒏𝒆 (𝑴2𝑴) 𝑪𝒐𝒏𝒏𝒆𝒄𝒕𝒊𝒐𝒏𝒔 𝑴𝒂𝒓𝒌𝒆𝒕 𝑷𝒆𝒓𝒔𝒑𝒆𝒄𝒕𝒊𝒗𝒆 𝒘𝒊𝒕𝒉 𝑹𝒆𝒔𝒆𝒂𝒓𝒄𝒉 𝑫𝒂𝒕𝒂 𝒂𝒏𝒅 𝑩𝒖𝒔𝒊𝒏𝒆𝒔𝒔 𝑶𝒖𝒕𝒍𝒐𝒐𝒌 2022 𝒕𝒐 2027 The Machine to Machine (M2M) Connections market study entails a thorough examination of the several factors that contribute to the market's expansion. It includes market growth potential, drivers, restraints, industry-specific challenges and risks, and opportunities that could have a negative or positive impact on the market. This research report focuses on various
Online Hyperlocal Services Market Value, Volume, CAGR, Future Opportunities, and …
The global online hyperlocal services market is estimated to exhibit a CAGR of 32.6% over the forecast period. The Online Hyperlocal Services market research includes a detailed examination of the many elements that drive the market's growth. It contains growth potential, drivers, restrictions, industry-specific difficulties and hazards, and opportunities that could negatively or positively impact the market. The recently released report by Online Hyperlocal Services Market Research analyze the market

All 5 Releases


More Releases for China

China Attestation
China is a growing Asian country and day by day many people migrate into the country for pursuing their personal needs. But going into China is not an easy task, we have to face some legal steps ahead. Let us define all this legal action in a single word China attestation. China government placed its embassies all over the world for ensuring the trustworthiness of the immigrant’s certificate. There
Energy Drinks in China
ReportsWorldwide has announced the addition of a new report title Energy Drinks in China to its growing collection of premium market research reports. Energy Drinks in China industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2011-15, and forecast to 2020). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Synopsis: Essential resource
Land Right in China
ReportsWorldwide has announced the addition of a new report title Land Right in China to its growing collection of premium market research reports. Land circulation is a very important policy in China, playing a positive role in promoting the development of modern agriculture. And it will be possible for China to transform from household contract and planting by scattered small farmers in the past to large-scale plant, which has a significant
Global Color Steel Tile Market 2017 - South China, East China, Southwest China, …
Color Steel Tile Market Research Report A market study based on the " Color Steel Tile Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Color Steel Tile Market 2017’. The research report analyses the historical as well as present performance of the worldwide Color Steel Tile industry, and makes predictions on the future status of Color Steel Tile market on the basis
Telecom Cloud Billing Services Explore In Regions (South China, East China, Sout …
Big Market Research has added a report, titled, “China Telecom Cloud Billing Services Market Size, Status and Forecast 2022.” The report offers an extensive information and analysis of sales, production, revenue, key manufacturers, drivers & opportunities, and competitive scenario. Moreover, current industry trends and growth prospects are explored along with thorough analysis of each segment for the historic period, 2012–2017 and the forecast period, 2017–2022. The research also offers insights
China Blossom Restaurant & Lounge
China Blossom Restaurant & Lounge Debuts in 2011/2012 Zagat (Greater Boston, MA) – Each year the Zagat Survey shares the opinions of thousands of avid consumers, with real experiences, giving people the power to make smart dining decisions. This year, China Blossom Restaurant & Lounge, located in North Andover, MA, made its debut in the newly-released 2011/2012 Zagat Survey. Released on Wednesday, April 27th, 2011, the famed Zagat survey chronicles