Press release
Asia-Pacific self-driving car Market is expected to garner of USD 44.69 Bn by 2024. with By Major Vendors: are Apple, Microsoft, Toyota, Volvo and General Motors
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 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 90%. The Asia-Pacific self-driving car market is expected to expand at a CAGR of 58.7%, leading to global revenue of USD 44.69 Bn by 2024.
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Asia-Pacific self-driving market is further segmented based on applications, automation, and technological components. The segment applications are also categorized into personal use and commercial use. Initially, self-driving cars will be owned personally. However, over-ime many auto-manufacturers, automotive technology providers and ride sharing providers are working to offer self-driving taxi. For example, Yandex Taxi has introduced two self-driving cabs in the Russian city of Innopolis which has a population of 300.
Based on automation, the self-driving automation levels are categorized into semi-autonomous, and fully autonomous. Semi-autonomous cars are dominating the automation segment. However, car-manufacturers targets to introduce full autonomous cars by 2020. By 2017, 29 Mn new cars were sold in China and it is expected to reach 37 Mn by 2025. It is forecasted that approximately 25% of new cars manufactured would be level 2 and level 3 by 2025.
The self-driving car Market segment based on various technological components that are used in autonomous cars like radar, lidar, automotive vehicle camera, ultrasonic sensor and GPS navigation system. Since the region is highly prone to traffic crash, radar-based driver assistance system is already deployed in the car for safety purpose. Singapore is the first country in APAC (Asia-Pacific) to adopt 79 GHz band for the short-range radar (2007).
Based on the countries, the self-driving cars market is segmented into China, Japan, India, South Korea and the rest of the APAC (Asia-Pacific) market. Japan and China will lead the deployment of self-driving cars. China is forecasted to be the biggest market of self-market because most of the vehicles owners are very enthusiastic to drive a self-driving car.
Key growth factors
The region has safety concerns. Approximately, an average of 645,000 road accidents takes place every year. 90% of road accidents are because of human error. Self-driving or autonomous car will act as a driving factor to minimize accidents and improve vehicle safety.
Autonomous cars have gained enough hype in Asia-Pacific. Large tech companies like Alibaba, Baidu, Didi Chuxing and Softbank are investing on the self-driving cars in the hope to capitalize shortly.
Threats and key players
Factor that may restrain the adoption of self-driving cars are regulation and lack of safety standard on autonomous cars.
The key players in the Asia-Pacific self-driving market are Apple, Microsoft, Toyota, Volvo and General Motors
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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
Chapter 2: Asia-Pacific self-driving car market overview
2.1. Asia-Pacific - market overview
2.2. Asia-Pacific - market drivers
2.3. Asia-Pacific - market trends
2.4. Asia-Pacific - market challenges
2.5. Value chain
2.6. Market definition applications of self-driving car (personal use and commercial use)
2.6.1. Asia-Pacific applications (personal use)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
2.6.2. Asia-Pacific applications (commercial use)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
2.7. Market definition - automation of self-driving car (semi- autonomous, fully-autonomous)
2.7.1. Asia-Pacific automation (semi-autonomous)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
2.7.2. Asia-Pacific automation (fully-autonomous)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
2.8. Market definition - technological components of self-driving car (personal use and commercial use)
2.8.1. Asia-Pacific technological components (radar sensor)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
2.8.2. Asia-Pacific technological components (lidar sensor)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
2.8.3 Asia-Pacific technological components (automotive vehicle camera)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
2.8.4. Asia-Pacific technological components (ultrasonic sensor)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
2.8.5. Asia-Pacific technological components (GPS navigation system)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
Chapter 3: China self-driving car market overview
3.1. China self-driving car market - historical (2016-2017) and forecasted (2018-2024) market size (USD Bn), drivers, trends and challenges
3.1.1. China applications (personal use)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
3.1.2. China applications (commercial use)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
3.2.1. China automation (semi-autonomous)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
3.2.2. China automation (fully-autonomous)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
3.3.1. China technological components (radar sensor)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
3.3.2. China technological components (lidar sensor)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
3.3.3 China technological components (automotive vehicle camera)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
3.3.4. China technological components (ultrasonic sensor)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
3.3.5. China technological components (GPS navigation system)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
Chapter 4: Japan self-driving car market overview
4.1. Japan self-driving car market -historical (2016-2017) and forecasted (2018-2024) market size (USD Bn), drivers, trends and challenges
4.1.1. Japan applications (personal use)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
4.1.2. Japan applications (commercial use)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
4.2.1. Japan automation (semi-autonomous)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
4.2.2. Japan automation (fully-autonomous)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
4.3.1. Japan technological components (radar sensor)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
4.3.2. Japan technological components (lidar sensor)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
4.3.3 Japan technological components (automotive vehicle camera)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
4.3.4. Japan technological components (ultrasonic sensor)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
4.3.5. Japan technological components (GPS navigation system)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
…….
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