openPR Logo
Press release

Autonomous Vehicle Market Grow with a CAGR 2020-20230 Focuses On Top Companies Robert Bosch GMBH, Aptiv, Continental AG, and Denso Corporation

04-15-2020 01:56 PM CET | Energy & Environment

Press release from: Allied Market Research

autonomous vehicle Market

autonomous vehicle Market

Enhanced safety along with drop in traffic congestion, growth of connected infrastructure, and transition from ownership to mobility-as-a-service (Maas) fuel the growth of the global autonomous vehicle market. On the other hand, high manufacturing cost and several data management challenges hamper the growth to some extent. However, development of smart cities and supportive government regulations are expected to create multiple opportunities in the market.

Get Sample Report for More Details @ https://www.alliedmarketresearch.com/request-sample/4649

Improved safety along with drop-in traffic congestion, growth of connected infrastructure, and transition from ownership to mobility-as-a-service (Maas) fuel the growth of the global autonomous vehicle market. On the other hand, high manufacturing cost and several data management challenges hamper the market growth to some extent. However, the development of smart cities and supportive government regulations are expected to create multiple opportunities in the market.

The key market players analyzed in the global autonomous vehicle market report include Daimler AG, Ford Motor Company., Volkswagen Group, General Motors, Renault-Nissan-Mitsubishi alliance, AB Volvo, Volvo-Autoliv-Ericsson-Zenuity alliance, Groupe SA, Tesla Inc, BMW AG, and Toyota Motor Corporation. These market players have incorporated a number of exclusive strategies to heighten their stand in the market.

Based on geography, North America contributed to more than two-fifths of the total market share in 2019 and is expected to dominate throughout the forecast period. Europe, on the other hand, is projected to grow at the fastest CAGR of 42.59% during 2019-2026.

The global autonomous vehicle market was estimated at $54.23 billion in 2019, and is expected to hit $556.67 billion by 2026, registering a CAGR of 39.47% from 2019 to 2026. The report provides a detailed analysis of the market, including top investment pockets, industry drivers and restraints, market size & forecast, market classification, and competitive landscape.

Based on the application, the ride-hail segment held the largest share in 2019, accounting for more than one-fourth of the total market. Simultaneously, the robo taxi segment is expected to grow at the highest CAGR of 49.17% throughout the estimated period.

Inquire more about this report @ https://www.alliedmarketresearch.com/purchase-enquiry/4649

Based on the component, the hardware segment accounted for three-fifth of the total market revenue and is expected to maintain its top status during the study period. At the same time, the services segment would register the fastest CAGR of 46.17% during the estimated period.

Key Findings of the Autonomous Vehicle Market:
o The level of automation segment is estimated to generate the highest revenue in the global autonomous vehicle market in 2019
o In 2019, the level 3 segment is projected to be the highest revenue contributor in the level of automation segmento Europe is anticipated to exhibit the highest CAGR during the forecast period
o In 2019, North America contributed the highest market share, followed by, Europe, Asia Pacific and LAMEA

Top Impacting Factors Such as -
o Rise in demand for connected cars using internet of things (IOT)
o Development of smart cities
o High component cost

Report Customization @ https://www.alliedmarketresearch.com/request-for-customization/4649

Contact:
David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Autonomous Vehicle Market Grow with a CAGR 2020-20230 Focuses On Top Companies Robert Bosch GMBH, Aptiv, Continental AG, and Denso Corporation here

News-ID: 2011724 • Views: 512

More Releases from Allied Market Research

Robo Taxi Market Projected To Hit $38.61 Billion By 2030 | Analysis, Sales Reven …
Allied Analytics : The robo taxis market has witnessed an augmented growth. As a report by Allied Market Research reveals that the global robo taxi market is anticipated to reach $38.61 billion, supported with a CAGR of 67.8%, by 2030. The growing demand for fuel-efficient and emission-free vehicles and an increase in the need for better road safety and traffic control are the two major factors propelling growth. Moreover, the
Digital Signage Market 2020-2027: Current Trends, Market Share, Top Impacting Fa …
Allied Market Research published an exclusive report, titled, “Digital Signage Market By Offering (Hardware, Software, and Service), Product (Single Screen Display, Video wall, and Kiosk) and Location (Indoor and Outdoor): Global Opportunity Analysis and Industry Forecast, 2020-2027”. The digital signage market report offers an in-depth analysis of every crucial factor that affects the market growth including recent market developments, key market players, and decisive trends. The study begins with a detailed
Solar Vehicle Market to Generate $4,087.6 Million By 2030 | Major Companies, Str …
The market is expanding rapidly. According to a report by Allied Market Research, the global solar vehicle market is expected to garner $329.5 million, with a CAGR of 43.3% by 2030. The augmented acceptance of the latest technology for vehicles has increased the demand for solar vehicles which leads to boost the growth of the market. On the other hand, the up surged trend of self-charging vehicles has propelled the
Smartwatch Market 2020–2027: Market Trends, Revenue, Growth Opportunities and …
Allied Market Research published a new report, titled, "Smartwatch Market By Product (Extension, Standalone, and Classical), Application (Personal Assistance, Wellness, Healthcare, Sports, and Others), and Operating System (WatchOS, Android, RTOS, Tizen, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027" The report provides a detailed study of the global smartwatch market covering a number of important aspects such as current market scenario, estimates, top investment pockets, recent trends, changing dynamics, and

All 5 Releases


More Releases for CAGR

Catalase Market : Research Observes Strong CAGR Development
The "Global Catalase Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016 - 2024", report intends to offer a resourceful means to assess the Catalase Market and entails the all-inclusive analysis and upfront statistics with regards to the market. This new report is committed fulfilling the requirements of the clients by giving them thorough insights into the market. The Catalase Market report, titled Catalase Market, is expansive research
Locomotive Market : Research Observes Strong CAGR Development
The "Global Locomotive Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016 - 2024", report intends to offer a resourceful means to assess the Locomotive Market and entails the all-inclusive analysis and upfront statistics with regards to the market. This new report is committed fulfilling the requirements of the clients by giving them thorough insights into the market. The Locomotive Market report, titled Locomotive Market, is expansive research
Citicoline Market | CAGR of 14.4%
The global Citicoline Market 2020 Report provides fine intelligence that helps market players to compete well against the tough competition on the basis of growth, sales and other various important factors. The research report lays stress on key growth opportunities and market trends apart from important market dynamics including market drivers and challenges. With the help of this report, involved parties can equip themselves to adapt along with the changes
Xanthates Market CAGR to Grow at 4.7%
Persistence Market Research in its latest report projects that the global xanthates market will grow at a CAGR of 6.1% over the forecast period (2017-2025). Owing to Xanthates’ excellent mineral ore processing capabilities, its global sales have witnessed a significant rise in recent years. Mining complexity and declining ore quality have led to a major increase in demand for specialty chemicals to process ores. Towards the end of 2025, around
Global Serious Games Market Show 19.2% CAGR
A new report added by Allied Market Research, forecast that the global serious games market was valued at $2,731 million in 2016, and is projected to reach $9,167 million by 2023, growing at a CAGR of 19.2% from 2017 to 2023. The consumers segment is anticipated to grow at the highest rate during the forecast period. Asia-Pacific generated the highest revenue in the global serious games market in 2016 due to
Bioinsecticides market expecting CAGR 5.4%
Reports And Markets Publish a New Market Research Report On –"Bioinsecticides market- Growth, Trends, Forecast for the period (2017 - 2022)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071910-global-bioinsecticides-market-growth-trends-forecast-for-the-period-2017-2022 Pesticides constitute the largest category within the market for crop protection chemicals, with biopesticides accounting for a comparatively minute share. Global consumption of synthetic insecticides is projected to reach 833.32 thousand tons by volume and USD 19.6 billion by value by 2020