Press release
North America self-driving car Market is Booming Globally with CAGR of 50.8% during period 2017-2025
A self-driving car also known as the driverless car or an autonomous car or a robotic car uses a combination of cameras, radars sensor, GPS system and artificial intelligence (AI) to travel between destinations without the need of any human drivers. To quantify self-driving cars must be able to drive to a predetermined destination without any human conduction. It is expected that the self-driving car would reduce car crash by 90%. North America self-driving car market is expected to expand at a CAGR of 50.8%, leading to global revenue of USD 49.79 Bn by 2024.
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North America self-driving market is further segmented based on applications, automation and technology components. The segment applications are further categorized into personal use and commercial use. General Motors plans to launch self-driving cars in the US cities by 2019. The company motives to launch fleet of an autonomous taxi Robo-Taxi in the urban area by 2019.
Based on automation, the self-driving automation level is categorized into semi-autonomous and full autonomous. Semi-autonomous cars are dominating the automation segment. Fully autonomous cars technology are still a long way to come. Super Cruise which is a system of General Motors has a host of semi-autonomous technologies which allows the vehicle to consider its surroundings and drive on its own in the limited situation.
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The self-driving car Market segment is based on various technological components that are used in autonomous cars like radar, lidar, automotive vehicle camera, ultrasonic sensor and GPS navigation system. The North America market is likely to witness a considerable growth prospect in the Lidar market, due to growing adoption of administrative regulations, mandating the installation of specific automotive safety technologies in both lightweight and heavyweight vehicles in the region.
Based on the countries, the self-driving car market is divided into U.S. and Canada. The U.S. would occupy the highest market share. As various U.S states like California, Arizona, Nevada and many are allowing the self-driving test. On April 2, 2018, California expanded its testing rule. Instead of using safety driver inside the car it plans to apply remote monitoring.
Key growth factors
North American technological companies have been innovating these driverless since the very beginning. Autonomous vehicles are already present in this region, promising a wave of efficiency that will transform the transportation industry.
Arizona and California have recently permitted for fully autonomous vehicles to be tested without any human supervisors behind the wheel.
Threats and key players
Very few cities in this region are allowed the testing of autonomous cars, and this makes it difficult for the car manufacturers to launch their cars.
The key players in the North America self-driving car market are Apple, Microsoft, IBM, Waymo, Toyota, Volvo, General Motors, Tesla, Nissan, and Cisco.
Chapter 1: Executive summary
1.1. Market scope and segmentation
1.2. Key questions answered in this study
1.3. Executive summary
Chapter 2: North America self-driving car market overview
2.1. North America - market overview
2.2. North America - market drivers
2.3. North America - market trends
2.4. North America - market challenges
2.5. Value chain
2.6. Market definition applications of self-driving car (personal use and commercial use)
2.6.1. North America applications (personal use)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
2.6.2. North America applications (commercial use)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
2.7. Market definition - by automation of self-driving car (semi- autonomous, fully-autonomous)
2.7.1. North America automation (semi-autonomous)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
2.7.2. North America automation (fully-autonomous)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
2.8. Market definition - technology components of self-driving car (personal use and commercial use)
2.8.1. North America technology components (radar sensor)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
2.8.2. North America technology components (lidar sensor)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
2.8.3 North America technology components (automotive vehicle camera)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
2.8.4. North America technology components (ultrasonic sensor)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
2.8.5. North America technology components (GPS navigation system)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
Chapter 3: U.S. self-driving car market overview
3.1. U.S. self-driving car market - historical (2016-2017) and forecasted (2018-2024) market size (USD Bn), drivers, trends and challenges
3.1.1. U.S. applications (personal use)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
3.1.2. U.S. applications (commercial use)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
3.2.1. U.S. automation (semi-autonomous)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
3.2.2. U.S. automation (fully-autonomous)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
3.3.1. U.S. technology components (radar sensor)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
3.3.2. U.S. technology components (lidar sensor)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
3.3.3 U.S. technology components (automotive vehicle camera)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
3.3.4. U.S. technology components (ultrasonic sensor)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
3.3.5. U.S. technology components (GPS navigation system)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
…….
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