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Autonomous Vehicle Market by Level of Automation (Level 3, Level 4, and Level 5) and Component (Hardware, Software, and Service) and Application (Civil, Robo Taxi, Self-driving Bus, Ride Share, Self-driving Truck, and Ride Hail) - Global Opportunity Analy

02-21-2019 04:49 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Allied Market Research

Autonomous Vehicle Market

Autonomous Vehicle Market

The global autonomous vehicle market is expected to be valued at $54.23 billion in 2019, and is projected to reach $556.67 billion by 2026, registering a CAGR of 39.47% from 2019 to 2026. In 2019, the level 3 segment is estimated to dominate the global autonomous vehicle market based on the level of automation segment, in terms of revenue. Furthermore, based on component, hardware is projected to lead the global market, followed by software in 2019. Autonomous vehicles use artificial intelligence (AI) software, light detection & ranging (LiDAR), and RADAR sensing technology which further is used to monitor a 60-meter range around the car and form active 3D map of the current environment. In addition, advancements in technology used in autonomous vehicles such as reading driver‐™s facial expression and activities such as drifting, braking, and accelerations to prevent possible accidents makes them more powerful, efficient, and attractive as well.

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At present, North America dominates the market, followed by Europe. In 2019, the U.S. is expected to remain dominant in the North America market, while the UK is projected to lead the overall market in Europe.

The elimination of accidents caused due to manual errors, reduced carbon dioxide emission from autonomous vehicle fuel the growth of the market. In addition, less battery capacity & less consumption of gas by autonomous vehicle and high penetration in the automotive sector also contribute to the market growth. However, low consumer acceptance ratio and the burgeoning threat from hackers in the driving operation hamper this stated growth.

The key players profiled in the report are General Motors, Daimler AG, Ford Motor Company., Volkswagen Group, BMW AG, Renault-Nissan-Mitsubishi alliance, Volvo-Autoliv-Ericsson-Zenuity alliance, Groupe SA, AB Volvo, Toyota Motor Corporation, and Tesla Inc. Other companies in accordance with auto suppliers are Robert Bosch GMBH, Aptiv, Continental AG, and Denso Corporation. Also by technology providers, it includes Waymo, NVDIA Corporation, Intel Corporation, Baidu, and Samsung. And based on AV as service provider, it includes Uber, Lyft, and Didi Chuxing.

Analyst Review:

An autonomous car is a vehicle that senses its environment and navigates without human input. Presently, there is an increase in demand for the autonomous vehicles from developed countries such as the U.S, Canada, and others. Companies in this industry adopt various techniques to provide customers with advanced and innovative product offerings.

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Autonomous vehicles use less battery capacity & less consumption of gas, which reduces pollution. In addition, development in automotive sector, demand for luxury cars, and government regulation also contribute to the market growth. However, high cost and the burgeoning threat from hackers in driving operation impede the growth of the market. In future, rise in investment for smart cars, and favorable government regulations are expected to create lucrative opportunities for the key players operating in the autonomous vehicle market.

Among the analyzed geographical regions, North America is expected to account for the highest revenue in the global market throughout the forecast period (2019-2026) followed by Asia-Pacific, Europe, and LAMEA. However, Europe is expected to grow at a higher growth rate, predicting a lucrative market growth for autonomous vehicle.

LIST OF FIGURES

FIGURE 01. KEY MARKET SEGMENTS
FIGURE 02. EXECUTIVE SUMMARY
FIGURE 03. TOP IMPACTING FACTORS
FIGURE 04. TOP INVESTMENT POCKETS
FIGURE 05. TOP WINNING STRATEGIES, BY YEAR, 2015-2018*
FIGURE 06. TOP WINNING STRATEGIES, BY DEVELOPMENT, 2015-2018* (%)
FIGURE 07. TOP WINNING STRATEGIES, BY COMPANY, 2015-2018*
FIGURE 08. MARKET EVOLUTION
FIGURE 09. INDUSTRY ROADMAP
FIGURE 10. GLOBAL MARKET SHARE (VALUE) ANALYSIS BY AV MAKERS (2019)
FIGURE 11. U.S. MARKET SHARE (VALUE) ANALYSIS BY AV MAKERS (2019)
FIGURE 12. GLOBAL MARKET SHARE (VOLUME) ANALYSIS BY AV MAKERS (2019)
FIGURE 13. U.S. MARKET SHARE (VOLUME) ANALYSIS BY AV MAKERS (2019)
FIGURE 14. GLOBAL MARKET SHARE ANALYSIS BY AUTO SUPPLIERS (2019)
FIGURE 15. GLOBAL MARKET SHARE ANALYSIS BY TECHNOLOGY PROVIDERS (2019)
FIGURE 16. GLOBAL MARKET SHARE ANALYSIS BY CIVIL AND COMMERCIAL VEHICLE
FIGURE 17. GLOBAL AUTONOMOUS VEHICLE MARKET, BY LEVEL OF AUTOMATION, 2019-2026
FIGURE 18. COMPARATIVE SHARE ANALYSIS OF LEVEL 3 AUTONOMOUS VEHICLE MARKET, BY COUNTRY, 2019 & 2026 (%)
FIGURE 19. COMPARATIVE SHARE ANALYSIS OF LEVEL 4 AUTONOMOUS VEHICLE MARKET, BY COUNTRY, 2020 & 2026 (%)
FIGURE 20. COMPARATIVE SHARE ANALYSIS OF LEVEL 5 AUTONOMOUS VEHICLE MARKET, BY COUNTRY, 2025 & 2026 (%)
FIGURE 21. GLOBAL AUTONOMOUS VEHICLE MARKET, BY APPLICATION, 2019-2026
FIGURE 22. COMPARATIVE SHARE ANALYSIS OF CIVIL AUTONOMOUS VEHICLE MARKET, BY COUNTRY, 2019 & 2026 (%)
FIGURE 23. COMPARATIVE SHARE ANALYSIS OF ROBO TAXI AUTONOMOUS VEHICLE MARKET, BY COUNTRY, 2019 & 2026 (%)
FIGURE 24. COMPARATIVE SHARE ANALYSIS OF RIDE HAIL AUTONOMOUS VEHICLE MARKET, BY COUNTRY, 2019 & 2026 (%)
FIGURE 25. COMPARATIVE SHARE ANALYSIS OF RIDE SHARE AUTONOMOUS VEHICLE MARKET, BY COUNTRY, 2019 & 2026 (%)
FIGURE 26. COMPARATIVE SHARE ANALYSIS OF SELF DRIVING TRUCK AUTONOMOUS VEHICLE MARKET, BY COUNTRY, 2019 & 2026 (%)
FIGURE 27. COMPARATIVE SHARE ANALYSIS OF SELF DRIVING BUS AUTONOMOUS VEHICLE MARKET, BY COUNTRY, 2019 & 2026 (%)
FIGURE 28. GLOBAL AUTONOMOUS VEHICLE MARKET, BY COMPONENT, 2019-2026
FIGURE 29. GLOBAL AUTONOMOUS HARDWARE MARKET BY VALUE, 2019-2026($BILLION)
FIGURE 30. GLOBAL AUTONOMOUS HARDWARE MARKET BY VOLUME, 2019-2026(THOUSAND UNITS)
FIGURE 31. GLOBAL ULTRASONIC AUTONOMOUS VEHICLE MARKET BY VALUE, 2019-2026($BILLION)
FIGURE 32. GLOBAL ULTRASONIC AUTONOMOUS VEHICLE MARKET, BY VOLUME 2019-2026(THOUSAND UNITS)
FIGURE 33. GLOBAL LIDAR AUTONOMOUS VEHICLE MARKET BY VALUE, 2019-2026($BILLION)
FIGURE 34. GLOBAL LIDAR AUTONOMOUS VEHICLE MARKET BY VOLUME, 2019-2026(THOUSAND UNITS)
FIGURE 35. GLOBAL RADAR AUTONOMOUS VEHICLE MARKET BY VALUE, 2019-2026($BILLION)
FIGURE 36. GLOBAL RADAR AUTONOMOUS VEHICLE MARKET BY VOLUME, 2019-2026 (THOUSAND UNITS)
FIGURE 37. GLOBAL VISION SYSTEM AUTONOMOUS VEHICLE MARKET BY VALUE, 2019-2026($BILLION)
FIGURE 38. GLOBAL VISION SYSTEM AUTONOMOUS VEHICLE MARKET BY VOLUME, 2019-2026 (THOUSAND UNITS)
FIGURE 39. GLOBAL GPS RECEIVER AUTONOMOUS VEHICLE MARKET BY VALUE, 2019-2026($BILLION)
FIGURE 40. GLOBAL GPS RECEIVER AUTONOMOUS VEHICLE MARKET BY VOLUME, 2019-2026(THOUSAND UNITS)
FIGURE 41. GLOBAL OTHERS AUTONOMOUS VEHICLE MARKET BY VALUE, 2019-2026($BILLION)
FIGURE 42. GLOBAL OTHERS AUTONOMOUS VEHICLE MARKET BY VOLUME, 2019-2026(THOUSAND UNITS)
FIGURE 43. GLOBAL OTHER HARDWARE AUTONOMOUS VEHICLE MARKET BY VALUE, 2019-2026($BILLIONS)
FIGURE 44. GLOBAL OTHER HARDWARE AUTONOMOUS VEHICLE MARKET BY VOLUME, 2019-2026(THOUSAND UNITS)
FIGURE 45. COMPARATIVE SHARE ANALYSIS OF HARDWARE AUTONOMOUS VEHICLE MARKET, BY COUNTRY, 2019 & 2026 (%)
FIGURE 46. COMPARATIVE SHARE ANALYSIS OF SOFTWARE AUTONOMOUS VEHICLE MARKET, BY COUNTRY, 2019 & 2026 (%)
FIGURE 47. COMPARATIVE SHARE ANALYSIS OF SERVICE AUTONOMOUS VEHICLE MARKET, BY COUNTRY, 2019 & 2026 (%)
FIGURE 48. U.S. AUTONOMOUS VEHICLE MARKET REVENUE, 2019-2026($BILLION)
FIGURE 49. U.S. AUTONOMOUS VEHICLE MARKET REVENUE, 2019-2026($BILLION)
FIGURE 50. CANADA AUTONOMOUS VEHICLE MARKET REVENUE, 2019-2026($BILLION)

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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