Press release
Autonomous Luxury Vehicle Market By 2025 With Comprehensive Study On AUDI AG, Mercedes-Benz USA, Tesla, Porsche, BMW Group, Bosch, Continental, Waymo,Panasonic Automotive, SAIC Motor, DENSO, Changan Automobile, BAIC International
Autonomous Luxury Vehicle Market
This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porter's Five Forces Analysis. The report also contains SWOT analysis for the Autonomous Luxury Vehicle market by displaying what the market drivers and restrains are. The global autonomous luxury vehicle market is expected to reach 27905.5 units by 2025, from 2477.60 units in 2017 growing at a CAGR of 35.34% during the forecast period of 2018 to 2025.
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Report Forecasting Global and Regional Analysis on Autonomous Luxury Vehicle Market By Component (Biometric Sensors, Camera Unit, LiDAR Sensors, Radar Sensors, Ultrasonic Sensors), Body Type (Sedan, Hatchback, SUV), Fuel Type (Internal Combustion Engine, Battery Electric Vehicle, Fuel Cell Electric Vehicle, Hybrid Vehicle, Others) and Geography.
Autonomous vehicle are also known as automatic or self-governing car. The car is able to drive itself with the help of sensors. It senses the environment and navigates without human input. Autonomous car consist of various technology including laser light, GPS, radar and other. The key players operating in the global autonomous luxury vehicle market are –
· Tesla
· AUDI AG
· BMW AG
· NIO
· Porsche Inc
· Robert Bosch
· Mercedes-Benz
· Changan Automobile,
· Saic Motor Corporation,
· Baidu,
· Baic Motor,
· Waymo
· Panasonic
· Continental AG
· Denso Corporation
The other players in the market are Visteon Corporation, Nippon Seiki Co.Ltd, Pioneer Corporation, Denso, Delphi Automotive, Infineon Technologies, NXP Semiconductors, Valeo, Texas Instruments, ZF Friedrichshafen, Magna International, Cisco Systems, Harman, Garmin, Microvision, Inc., among other. The global autonomous luxury vehicle market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions and others to increase their footprints in this market. The report includes market shares of autonomous luxury vehicle market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Autonomous luxury vehicle increases safety, mobility and customer satisfaction. According to statista, the automotive supplier’s industry is estimated to grow around USD 24.5 billion by 2050. For instance, In 2016 The International Council on Clean Transportation (ICCT), stated that the Europe hybrid-electric vehicles market share grew by 1.8% of all new cars. In Spain, the hybrid car market share increased by 2.7% in 2016 from 1.8% in 2015. According to an article published recently by trading economics, the sales of vehicles in China will rise by 9.6 % in the year 2018 and around 2.29 million units has been sold by the end of the May in 2018. This shows that the automotive sector is growing, which in turn is driving the demand of autonomous luxury vehicles.
In 2018, Tesla introduces Model 3 and model S vehicle which is equipped with autopilot version 8.1 and version 701 respectively and one camera.
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By Component
· Biometric Sensors
· Camera Unit
· LiDAR Sensors
· Radar Sensors
· Ultrasonic Sensors
By Body Type
· Sedan
· Hatchback
· SUV
By Fuel Type
· Internal Combustion Engine (ICE)
· Battery Electric Vehicle (BEV)
· Fuel Cell Electric Vehicle (FCEV)
· Hybrid Vehicle
· Others
By Geography
· North America
o U.S.
o Canada,
o Mexico
· Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Turkey
o Belgium
o Netherlands
o Switzerland
o Rest of Europe
· Asia-Pacific
o Japan
o China
o South Korea
o India
o Australia
o Singapore
o Thailand
o Malaysia
o Indonesia
o Philippines
o Rest of Asia Pacific
· South America
o Brazil
o Rest of South America
· Middle East & Africa
o South Africa
o Rest of MEA
Market Drivers:
· Growing connected vehicle technology and dynamic mobility application.
· Raising demand for need for safe, productive and efficient driving experience.
· High demand for luxury autonomous vehicles in the automotive industry.
Market Restraint:
· Non-availability of required infrastructure in developing countries.
· High cost of cyber security and safety concerns.
Key points in the report
1. Strategic recommendations in key business sections in light of the market estimations.
2. Market share and size of all the foremost industry players
3. Strategic proposals for the new participants
4. To describe and forecast the Autonomous Luxury Vehicle market, in terms of value, by process, product type, and industry.
5. To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, and detail the competitive landscape for market leaders
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Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with an unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
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