Autonomous Luxury Vehicle Market By 2025: AUDI AG, Porsche, Mercedes-Benz USA, Tesla, DENSO, BMW Group, Continental, Cisco, Valeo, Bosch, BAIC International, Waymo, Panasonic Automotive, Delphi, NIO, Changan Automobile, SAIC Motor, Visteon Corporation

The scope of this autonomous luxury vehicle market report extends from market scenarios to comparative pricing between major players, technology, cost and profit of the specified market regions. The autonomous luxury vehicle market report provides an in-depth overview of product specification, technology, product type and production analysis considering major factors such as revenue, cost, gross and gross margin. This report also contains all the company profiles of the market players and brands that are affecting the market. The scope of this autonomous luxury vehicle market report extends from market scenarios to comparative pricing between major players, cost and profit of the specified market regions.

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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.

Global autonomous luxury vehicle market is expected to reach 27905.5 units by 2025, from more than 2477.60 units in 2018 growing at a CAGR of more than 35.34% during forecast period. Autonomous luxury vehicle increases safety, mobility and customer satisfaction. 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

· Visteon Corporation

· Nippon Seiki Co.Ltd

The other players in the market are 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.

· 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.

· 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 statista, the automotive supplier’s industry is estimated to grow around USD 24.5 billion by 2050. 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.

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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.

Segments:

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

1. U.S.

2. Canada

3. Mexico

· Europe

1. Germany

2. France

3. United Kingdom

4. Italy

5. Spain

6. Russia

7. Turkey

8. Belgium

9. Netherlands

10. Switzerland

11. Rest of Europe

· Asia-Pacific

1. Japan

2. China

3. South Korea

4. India

5. Australia

6. Singapore

7. Thailand

8. Malaysia

9. Indonesia

10. Philippines

11. Rest of Asia Pacific

· South America

1. Brazil

2. Rest of South America

· Middle East & Africa

1. South Africa

2. Rest of MEA

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