Press release
Global Self-driving Car Market Emerging Trends and Prospects by leading Players Waymo, Toyota, General Motors, Tesla, Volvo, and Nissan
A self-driving car also known as the driverless car or an autonomous car or 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 as self-driving cars must be able to drive to a predetermined destination without human conduction. It is expected that the self-driving car would reduce car crash by up to 90%. The global self-driving car market is expected to expand at a CAGR of 50.9%, leading to global revenue of USD 155.69 Bn by 2024.
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Artificial technologies power self-driving cars system. The software developer and car-manufacturer use vast amount of data from the sensors, image recognition that are integrated with machine learning that helps to build the autonomous car. The advanced control system use information from GPS and sensory to map the navigation path. Car manufacturers are investing heavily in artificial intelligence to succeed in the era of self-driving cars.
The global self-driving car market segment is based on applications, automation, and technological components and geography. The global market for self-driving cars can be categorized on the basis of its applications (personal use and commercial use) based on automation (semi-autonomous and fully-autonomous) and based on technological components (radar, lidar, automotive vehicle camera, ultrasonic sensor and GPS navigation system). Geographically, the self-driving car market is segmented into North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa.
Key growth factors
The increasing concern for road safety and the automotive technological advancement are some other drivers which are making this market grow. To sustain a safe and efficient transportation system, this is important.
When a car can drive itself back home or pick up another person, not many cars will be needed on the road. This will result in less traffic, more available parking space, a greener environment, etc.
Threats and key players
Even though the self-driving car market is forecasted to experience positive growth globally. Testing self-driver cars on roads is a big challenge as any fault or glitch in the software may be fatal.
Major self-driving car providers operating in the market are divided based on technology providers (Microsoft, Apple, IBM, and Cisco) and automobile industry players (Waymo, Toyota, General Motors, Tesla, Volvo, and Nissan)
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Chapter 1: Executive summary
1.1. Market scope and segmentation
1.2. Key questions answered in this study
1.3.1. Executive summary (i)
1.3.2. Executive summary (ii)
1.3.3. Executive summary (iii)
1.3.4. Executive summary (iv)
1.3.5. Executive summary (v)
1.3.5. Executive summary (vi)
Chapter 2: Global self-driving car market overview
2.1. Global - market overview
2.2. Global - market drivers
2.3. Global - market trends
2.4. Global - market challenges
2.5. Value chain
2.6. Market definition - applications of self-driving car (personal use and commercial use)
2.6.1. Global applications (personal use)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn), key observations
2.6.2. Global applications (commercial use)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn), key observations
2.7. Market definition - automation of self-driving car (semi- autonomous, fully-autonomous)
2.7.1. Global automation (semi-autonomous)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn), key observations
2.7.2. Global automation (fully-autonomous)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn), key observations)
2.8. Market definition - technology components of self-driving car (personal use and commercial use)
2.8.1. Global technology components (radar sensor)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
2.8.2. Global technology components (lidar sensor)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
2.8.3 Global technology components (automotive vehicle camera)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
2.8.4. Global technology components (ultrasonic sensor)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
2.8.5. Global technology components (GPS navigation system)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
Chapter 3: North America self-driving car market overview
3.1. North America self- driving car market -historical (2016-2017) and forecasted (2018-2024) market size (USD Bn), drivers, trends and challenges
3.1.1. North America applications (personal use)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn), key observations, and key players
3.1.2. North America applications (commercial use)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn), key observations and key players
3.2.1. North America automation (semi-autonomous)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
3.2.2. North America automation (fully-autonomous)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
3.3.1. North America technological components (radar sensor)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn), key observations and key players
3.3.2. North America by technological components (lidar sensor)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn), key observations and key players
3.3.3 North America technological components (automotive vehicle camera)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn), key observations and key players
3.3.4. North America technological components (ultrasonic sensor)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn), key observations and key players
3.3.5. North America technological components (GPS navigation system)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn), key observations and key players
Chapter 4: Europe self-driving car market overview
4.1. Europe self-driving car market - historical (2016-2017) and forecasted (2018-2024) market size (USD Bn), drivers, trends and challenges
4.1.1. Europe applications (personal use)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn), key observations and key players
4.1.2. Europe applications (commercial use)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn), key observations and key players
4.2.1. Europe automation (semi-autonomous)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
4.2.2. Europe automation (fully-autonomous)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
4.3.1. Europe technological components (radar sensor)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn), key observations and key players
4.3.2. Europe technological components (lidar sensor)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn), key observations and key players
4.3.3 Europe technological components (automotive vehicle camera)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn), key observations and key players
4.3.4. Europe technological components (ultrasonic sensor)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn), key observations and key players
4.3.5. Europe technological components (GPS navigation system)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn), key observations and key players
………
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