Autonomous Cars Market Segmentation, Industry trends and Developments to 2024 | Key Companies: - Aptiv, Autoliv, Baidu Inc., BMW Group, Bosch, Continental, Daimler AG, FCA Fiat Chrysler Automobiles, Tesla Inc., Toyota Motor Corporation

The growth of the autonomous cars market can be aptly credited to the exponentially growing automotive sector across the globe. Having sold around 24 million units in 2017, autonomous cars industry has been consolidating its stance significantly in the automotive space, the future of which has been touted to be transformed owing to the rising popularity of connected cars that have lately been revolutionizing the mobility sector.

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The level-1 based autonomous cars market is primarily driven by the rising road-safety concerns around the world as more and more vehicles are added to the roads each year. The increasing road-safety concerns have prompted governments across the world to introduce programs that mandate the incorporation of ADAS inside vehicles to ensure passenger safety.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Aptiv PLC
2. Autoliv Inc.
3. Baidu Inc.
4. BMW Group
5. Bosch GMBH
6. Continental AG
7. Daimler AG
8. FCA Fiat Chrysler Automobiles
9. Ford Motor Company
10. General Motors Company
11. Honda Motor Company Ltd.
12. Hyundai Motor company
13. Intel Corporation
14. Jaguar Land Rover Limited
15. Nissan Motor Company Ltd.
16. Nvidia Corporation
17. Subaru of America, Inc.
18. Tesla Inc.
19. Toyota Motor Corporation
20. Volvo Car Corporation
21. Waymo

The level-4 autonomous vehicles - currently under the research phase - are expected to be commercially made available in the market by 2022. The rapidly increasing number of research & development efforts by industry leaders in the automated driving domain would be responsible for the growth of level-4 based autonomous cars market in the years to come.

On the other hand, technology companies are also looking forward to investing in the development of myriad self-driving vehicles. For instance, the self-driving vehicle tech division of Intel, Mobileye is planning to launch self-driving car service in Israel. By entering into the autonomous cars market, Intel is looking forward to targeting its rivals including Nvidia and AMD which have been providing services to prominent automakers since last few years.

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In China, Ford and Baidu have recently signed an agreement to build a testing platform for self-driving vehicles. In fact, they are planning to achieve the level 4 autonomy by running the self-driving vehicles within specific areas over the coming two years. Ford is also looking forward to collaborating with Mercedes-Bez to test cars in Beijing.

In another instance, the self-driving car division of Alphabet, Waymo received a grant from U.S. government to test fully self-driving vehicles on the public streets of California. Waymo is one of the first companies which has received permission to actually test cars on roads. It is rather overt that the support provided by regional governments will play a major role in impacting autonomous cars market trends.

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