Press release
Latin America self-driving car Market Emerging Trends and Prospects by leading Players Apple, Microsoft, Toyota, Nissan 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 Latin America self-driving car market is expected to expand at a CAGR of 28.5%, leading to global revenue of USD 3.75 Bn by 2024.
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Latin America self-driving market is further segmented based on applications, automation, and technological components. The segment applications are further categorized into personal use and commercial use. Initially, self-driving cars will be owned personally. The region is showing a great interest towards autonomous driving technologies. Approximately half of the people surveyed believe that autonomous vehicles will improve the mobility in the city.
Based on automation, the self-driving automation levels are categorized into semi-autonomous and full autonomous. Semi-autonomous cars are dominating the automation segment. However the, car-manufacturers targets to introduce full autonomous cars by 2020. The region has enormous potential for advanced driver assistance i.e. level 1 automation. Latin American market is very enthusiastic to own an electric vehicle. This would help the car manufacturers of the region to progress in their level of automation.
The self-driving car market is segmented based on various technological components that are used in autonomous cars like radar, lidar, automotive vehicle camera, ultrasonic sensor, and GPS navigation system. Radar-based driver assistance systems are already being used right now. As of now, these have been used for adaptive cruise control, collision warning systems, blind-spot monitoring, lane-change assistance, rear cross-traffic alerts and backup parking assistance.
Based on the countries, the self-driving car market is divided into Brazil, Argentina and the rest of LATAM. Autonomous cars have its highest presence in Brazil because the state has a robust connective infrastructure. Around 90% of the cities have 4G coverage. The citizens are also keenly interested in autonomous vehicle technology as their disposable income is increasing at a fast pace.
Key growth factors
Latin America can speed up the adoption of autonomous vehicles if proper measures are taken into consideration. According to a survey conducted by an automotive company, more than half of the surveyed population have favorable opinion about autonomous cars.
In Latin America, car manufacturer Nissan has announced to introduce 100% electric, zero-emission car called Nissan LEAF. Nissan plans to sell the cars in Argentina, Brazil, Chile, Colombia and Costa Rica by 2019
Threats and key players
Factors that may restrain the adoption of self-driving cars are regulation, poor infrastructure, i.e. poor road quality and less number of active AV test.
The key players in the Latin American self-driving car market are Apple, Microsoft, Toyota, Nissan 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. Executive summary
Chapter 2: Latin America self-driving car market overview
2.1. Latin America - market overview
2.2. Latin America - market drivers
2.3. Latin America - market trends
2.4. Latin America - market challenges
2.5. Value chain
2.6. Market definition applications of self-driving car (personal use and commercial use)
2.6.1. Latin America applications (personal use)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn), key observations
2.6.2. Latin America 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. Latin America automation (semi-autonomous)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
2.7.2. Latin America 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. Latin America technological components (radar sensor)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
2.8.2. Latin America technological components (lidar sensor)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
2.8.3 Latin America technological components (automotive vehicle camera)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
2.8.4 Latin America technological components (ultrasonic sensor)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
2.8.5. Latin America technological components (GPS navigation system)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn), key observations
Chapter 3: Brazil self-driving car market overview
3.1. Brazil self-driving car market - historical (2016-2017) and forecasted (2018-2024) market size (USD Bn), drivers, trends and challenges
3.1.1. Brazil applications (personal use)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn), key observations
3.1.2. Brazil applications (commercial use)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn), key observations
3.2.1. Brazil automation (semi-autonomous)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
3.2.2. Brazil automation (fully-autonomous)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
3.3.1. Brazil technological components (radar sensor)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
3.3.2. Brazil technological components (lidar sensor)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
3.3.3 Brazil technological components (automotive vehicle camera)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
3.3.4. Brazil technological components (ultrasonic sensor)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
3.3.5. Brazil technological components (GPS navigation system)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn), key observations
Chapter 4: Argentina self-driving car market overview
4.1. Argentina self - driving car market-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn), drivers, trends and challenges
4.1.1. Argentina applications (personal use)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
4.1.2. Argentina applications (commercial use)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
4.2.1. Argentina automation (semi-autonomous)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
4.2.2. Argentina automation (fully-autonomous)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
4.3.1. Argentina technological components (radar sensor)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
4.3.2. Argentina technological components (lidar sensor)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
4.3.3 Argentina technological components (automotive vehicle camera)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
4.3.4. Argentina technological components (ultrasonic sensor)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn) and key observations
4.3.5. Argentina technological components (GPS navigation system)-historical (2016-2017) and forecasted (2018-2024) market size (USD Bn), drivers, trends
…….
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