Press release
Europe self-driving car Market Emerging Trends and Prospects by leading Players, Apple, Microsoft, IBM, Volvo, Nissan and Bosch.
A self-driving car also known as the driverless car or an autonomous car, 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 human conduction. It is expected that the self-driving car would reduce car crash by 90%. The Europe self-driving car market is expected to expand at a CAGR of 49.9%, leading to global revenue of USD 38.51 Bn by 2024.
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Europe self-driving market self-driving market is further segmented based on applications, automation and technology components. The segment applications are also categorized into personal use and commercial use. Most of the self-driving cars on the road are owned for personal usage. Robo taxi i.e. the self-driving taxi is expected to take over the transportation system. It would help to reduce purchasing cost and maintenance cost. It is supposed to encourage share riding concept.
Based on automation, the self-driving automation levels are categorized into semi-autonomous and full autonomous technology. Semi-autonomous cars are dominating the automation segment. Fully autonomous driven vehicles are still a long way to be introduced on the roads. European automakers are working on the manufacturing of semi-automation cars. Companies like Google, Audi and BMW are continuing its autonomous testing to handle safety challenges.
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 new car assessment program in Europe encourages the OEMs (original equipment manufacturers) to adopt ADAS (advanced driver assistance system) in all the new cars to promote safety. The European Commission is willing to legalize the use of 79GHZ radar sensor for ADAS applications.
Based on countries, the self-driving car's market is segmented into EU5 and rest of EU5. The EU5 would secure the highest market share because countries like the U.K. and France are progressing with self-driving cars.
Key growth factors
European countries are following the same trend as that of North America toward driving an autonomous vehicle. The British government has already planned to adopt regulation of driverless technology regulation by summer 2017 and working on amending the international law to cover self-driving technology by 2018.
It is projected that there would be 25% of self-driving car penetration in this region by 2035. The countries would not witness a fully automated vehicle but would drive lots of manual cars with computerized features.
Threats and key players
Factor that may restrain the adoption of self-driving cars is lack of skill, strict data protection regulation set by the European Union.
The key players in the Europe self-driving car market are Apple, Microsoft, IBM, Volvo, Nissan and Bosch.
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Chapter 1: Executive summary
1.1. Market scope and segmentation
1.2. Key questions answered in this study
1.3. Executive summary
Chapter 2: Europe self-driving car market overview
2.1. Europe - market overview
2.2. Europe - market drivers
2.3. Europe - market trends
2.4. Europe - market challenges
2.5. Value chain
2.6. Market definition applications of self-driving car (personal use and commercial use)
2.6.1. Europe applications (personal use)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
2.6.2. Europe 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. Europe automation (semi-autonomous)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
2.7.2. Europe 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. Europe technology components (radar sensor)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
2.8.2. Europe technology components (lidar sensor)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
2.8.3 Europe technology components (automotive vehicle camera)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
2.8.4. Europe technology components (ultrasonic sensor)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
2.8.5. Europe technology components (GPS navigation system)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
Chapter 3: EU5 self-driving car market overview
3.1. EU5 self-driving car market -historical (2016-2017) and forecasted (2018-2024) market size (USD Bn), drivers, trends and challenges
3.1.1. EU5 applications (personal use)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
3.1.2. EU5 applications (commercial use)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
3.2.1. EU5 automation (semi-autonomous)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
3.2.2. EU5 automation (fully-autonomous)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
3.3.1. EU5 technology components (radar sensor)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
3.3.2. EU5 technology components (lidar sensor)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
3.3.3 EU5 technology components (automotive vehicle camera)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
3.3.4. EU5 technology components (ultrasonic sensor)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
3.3.5. EU5 technology components (GPS navigation system)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
Chapter 4: Rest of EU5 self-driving car market overview
4.1. Rest of EU5 self- driving car market -historical (2016-2017) and forecasted (2018-2024) market size (USD Bn), drivers, trends and challenges
4.1.1. Rest of EU5 applications (personal use)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
4.1.2. Rest of EU5 applications (commercial use)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
4.2.1. Rest of EU5 automation (semi-autonomous)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
4.2.2. Rest of EU5 automation (fully-autonomous)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
4.3.1. Rest of EU5 technology components (radar sensor)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
4.3.2. Rest of EU5 technology components (lidar sensor)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
4.3.3 Rest of EU5 technology components (automotive vehicle camera)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
4.3.4. Rest of EU5 technology components (ultrasonic sensor)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
4.3.5. Rest of EU5 technology components (GPS navigation system)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
……..
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