Press release
Europe Autonomous Cars Market To Demonstrate Highest Revenue at 22 million units till 2024
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The growth in the region is propelled to various R&D activities in collaboration of OEM with technology providers. The prominent players in the region are conducting various R&D activities to develop new autonomous vehicle solution. These players are increasing the R&D spending to deploy new technologies in the self-driving cars.
The high cost of autonomous vehicles is hindering the growth. The autonomous vehicle requires high-tech infrastructure, hugely expensive LiDAR and radar systems, princely deals with high-definition maps and cloud computing provider. The cost associated with all these high-tech requirement increases the overall price of the autonomous cars. Additionally, poor 4G network connectivity limits the growth of autonomous cars in the region.
The level-4 autonomous cars market is forecasted to grow in the future years due to early adoption of autonomous transport in the region. The prominent players in the region are conducting the level-4 test, the early conduction of test is predicated to increases the market in the coming years. Additionally, the authorities in the France have stated that they will allow the testing of Level-5 self-driving cars. The initiatives taken for the early adoption of autonomous transport in the region complimenting the growth of autonomous cars market.
The Europe autonomous cars market is characterized by the presence of various players such as Audi, BMW, Mercedes, Volkswagen, Waymo, Volvo Car Corporation, Ford Motor Company, General Motors Company, Volkswagen Group, Uber Technologies Inc., Bosch GMBH, Toyota Motor Corporation, Tesla Inc., Nvidia Corporation, Aptiv PLC, Autoliv Inc and others. The prominent players in the region are leveraging on the strategy of partnership, merger, acquisition and investments to bring technological advancements in the autonomous cars industry and expand its services globally. For instance, In July 2017, Bosch GMBH joined forces with Baidu and Nvidia for its Apollo project. The joined forces aimed at accelerating the development of self-driving car technology.
Table of Content:
Chapter 1. Methodology & Scope
Market scope & definitions
Assumptions
Research methodology
Chapter 2. Executive Summary
Chapter 3. Industry Insights
Industry segmentation
Industry ecosystem analysis
Industry impact forces
Growth drivers
Growth restraints
Regulatory overview
Porter’s analysis
PESTEL analysis
Competitive landscape, 2019
Browse key industry insights along with TOC @ https://www.graphicalresearch.com/table-of-content/1199/europe-autonomous-cars-market
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Parikhit B.
Corporate sales,
Graphical Research
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About Graphical Research:
Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.
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