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Driverless Car Market Size & Share | By Top Leading Companies Google, Inc.; Daimler AG; Ford Motor Company; Toyota Motor Corporation; BMW AG; Audi AG ; AB Volvo ; Dutch Automated Vehicle Initiative (DAVI); Autonomous Lab; and Volkswagen.

02-25-2019 06:05 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Allied Market Research

Driverless Car Market

Driverless Car Market

Driverless cars are automated cars which feature all the major competencies of traditional cars. The driverless car is also known as autonomous car, robotic car or self-driving car. Increased road accidents are a major driving factor for technology providers to develop a safe and efficient transportation system. Moreover; it is expected that the driverless car will reduce fuel consumption by 10% and insurance costs by 30%, there by driving the market exponentially. A majority of the manufacturers have indicated a keen interest in developing, manufacturing and commercializing driverless cars in the coming years.

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Volvo is one of the leading automobile manufacturers and would launch its first driverless car by year 2017. However, the lack of infrastructural development to support V2V connections, stringent government regulations and increased threats arising from terrorism, prove to be a major restraint for this market. The growing demand for smart and automated vehicle systems should boost the market of driverless cars. The development cost for the driverless car technology is very high, however, as technology advances the price is expected to decline. The study projects affordability and a rise in the adoption of these cars, amongst middle-class families, during 2040-2050.

The global driverless car market is segmented on the basis of components and geography. The component market comprises of radar sensors; video cameras; LiDAR sensor; ultrasound sensors and a central computing system. Geographically, the driverless car market is segmented across North America, Europe, Asia-Pacific and LAMEA (Latin America, Middle East and Africa). The key companies profiled in this report are, Google, Inc.; Daimler AG; Ford Motor Company; Toyota Motor Corporation; BMW AG; Audi AG ; AB Volvo ; Dutch Automated Vehicle Initiative (DAVI); Autonomous Lab; and Volkswagen.

KEY BENEFITS OF REPORTS

• Key investment pockets for various component areas
• Illustrative segmentation and forecast of major geographic areas, to provide an overview of the driverless car market
• Key market trends, key player analysis and derivation of top three winning strategies
• Estimation for various segments of the driverless car market along with an analysis of the competitive landscape
• Qualitative analysis of factors affecting market growth and the study of emerging key trends
• Detailed analysis of porter’s five forces model and a value chain analysis of the driverless car market

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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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