Press release
Driverless Car Software Market Is Projected to Grow at a Substantial Rate by 2025
Driverless Car Software Market: Introduction
In today’s world, rise in technological advancements in automobile industry is resulting into development of self-driving cars also known as autonomous cars which are capable of sensing its surroundings and obstacles while driving on road and navigating without any human interaction. Driverless car software is pre-installed control systems in the car which can analyse the data collected by sensors installed in a car to distinguish between different cars and other vehicles on the road. This software helps to decide a path to the destination. This software is computed with variety of techniques such as GPS, radar, odometry and LiDAR to detect their surroundings.
Driverless car software used in self-driving cars help in enhanced mobility for injured or disabled people and reduce traffic collisions. Further these cars also promote eco-friendly driving and lower need for insurance.
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Driverless Car Software Market: Drivers and Restraints
Factors such as technological advancements and continuous research and development in automobile industry and government support are the primary factors driving the growth of driverless car software market. Moreover, increasing adoption of artificial intelligence and reduction in the fuel consumption in self-driving cars is also resulting into the growth of driverless car software market.
However, concern about safety of driverless cars and risk of privacy and security in self-driving cars are some factors causing a hindrance in the growth of driverless car software market.
Driverless Car Software Market: Segmentation
Driverless Car Software market can be segmented on the basis of vehicle type and region wise. On the basis of vehicle type the market is further segmented into semi-autonomous and fully autonomous. Region wise, driverless car software market can be segmented into North America, Latin America, Asia Pacific, Japan, Eastern Europe, Western Europe and Middle East & Africa.
Driverless Car Software Market: Regional Overview
Europe driverless car software market holds the largest market share and is expected to dominate the market in the near future owing presence of prominent automobile manufacturers in this region. North America contributes a significant market share in driverless car software market due continuous R&D in software and automobile industry in this region. Asia Pacific, Latin America, and MEA region are expected to show a moderate growth rate in driverless car software market.
Driverless Car Software Market: Key Players
Google Inc., BlackBerry Ltd., Nvidia, Baidu, Apple, Intel, nuTonomy, Bosch, FiveAI are some of the key players in driverless car software market.
The report covers exhaustive analysis on:
Driverless Car Software Market Segments
Driverless Car Software Market Dynamics
Historical Actual Market Size, 2012-2016
Driverless Car Software Market Size & Forecast 2017 to 2027
Supply & Demand Value Chain for Driverless Car Software Market
Driverless Car Software Market Current Trends/Issues/Challenges
Competition & Companies involved in Driverless Car Software Market
Driverless Car Software Technology
Value Chain of Driverless Car Software Market
Driverless Car Software Market Drivers and Restraints
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Regional analysis for Driverless Car Software market includes
North America Driverless Car Software Market
US
Canada
Latin America Driverless Car Software Market
Argentina
Mexico
Brazil
Rest of Latin America
Western Europe Driverless Car Software Market
Germany
France
U.K.
Spain
Italy
Nordic
Benelux
Rest of Western Europe
Eastern Europe Driverless Car Software Market
Poland
Russia
Rest of Eastern Europe
Asia Pacific Driverless Car Software Market
Australia and New Zealand (A&NZ)
China
India
ASEAN
Rest of Asia Pacific
Japan Driverless Car Software Market
Middle-East and Africa Driverless Car Software Market
GCC Countries
North Africa
South Africa
Turkey
Rest of MEA
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
The report provides the following information:
Tailwinds and headwinds molding the market’s trajectory
Market segments based on products, technology, and applications
Prospects of each segment
Overall current and possible future size of the market
Growth pace of the market
Competitive landscape and key players’ strategies
The main aim of the report is to:
Enable key stakeholder’s in the market bet right on it
Understand the opportunities and pitfalls awaiting them
Assess the overall growth scope in the near term
Strategize effectively with respect to production and distribution
MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.
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