Exclusive Market Study Estimates that Autonomous Vehicles Market will grow at 36.2% CAGR during 2019 – 2023 | Mercedes-Benz, Google (Waymo), Toyota, Nissan, Volvo, General Motors, Tesla, BMW

The report covers a forecast and an analysis of the Autonomous Vehicles Market on a global and regional level. The study provides historical data for 2016, 2017, and 2018 along with a forecast from 2019 to 2023 based on revenue and volume.

Overview of the Global Autonomous Vehicles Market:

The Global Autonomous Vehicles Market is expected to grow at a CAGR of 36.2% during the forecast period (2019 - 2023).

Autonomous cars as the name implies are the vehicles that have the transportation capabilities of a conventional car and can navigate by sensing the surrounding environment without human interference. Autonomous cars use the techniques such as RADAR, LIDAR, GPS and computer vision to sense their environment. Advanced Control Systems that are integrated into the car can interpret the sensory inputs to detect the signboards or to avoid the collision.

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Although Level 4 and Level 5 (as scaled by SAE) autonomous cars are unlikely to reach wide acceptance by 2025, there would be a rapid growth for Level 2 and Level 3 autonomous cars which have advanced driver assistance systems like collision detection, lane departure warning, and adaptive cruise control. Although the technology for manufacturing the autonomous cars is readily available, the concerns about liability and legislation are going to constrain the market. Countermeasures like built-in backup systems and the option to take over the car whenever the driver wishes are the things that need to be considered in order to capture the market.

Apple is partnering with Hertz to test its in-house developed autonomous software in some of the company's rental cars. Waymo has developed Phoenix that lets people use its autonomous cars for their daily transportation needs. Microsoft has a number of partnerships with automotive manufacturers developing internet-connected and autonomous vehicles including Ford, BMW, Renault-Nissan, Toyota and Volvo. But its latest deal in this new market is with the Chinese company Baidu, to develop an open-source platform dubbed Apollo.

This comprehensive Autonomous Vehicles Market research report 2019 – 2023 includes a brief on these trends that can help the businesses operating in the industry to understand the market and strategize for their business expansion accordingly. The research report analyzes the market size, industry share, growth, key segments, CAGR and key drivers.

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Major Key Players:

1 Uber

2 Mercedes-Benz

3 Google (Waymo)

4 Toyota

5 Nissan

6 Volvo

7 General Motors

8 Volkswagen

9 Tesla

10 BMW and More……………

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Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Market Overview and Trends

5 Market Dynamics

6 Autonomous Vehicle Market, Segmentation by Type

7 Key Vendor Analysis (Overview, Products & Services, Strategies)

8 Future Outlook of the Market

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