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Autonomous Vehicle Market Size, Scope, Trends, Competitive Landscape and Forecast by 2027
Autonomous Vehicle Market
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At present, North America dominates the market, followed by Europe. In 2019, the U.S. is expected to remain dominant in the North America market, while the UK is projected to lead the overall market in Europe.
The elimination of accidents caused due to manual errors, reduced carbon dioxide emission from autonomous vehicle fuel the growth of the market. In addition, less battery capacity & less consumption of gas by autonomous vehicle and high penetration in the automotive sector also contribute to the market growth. However, low consumer acceptance ratio and the burgeoning threat from hackers in the driving operation hamper this stated growth.
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Key Findings of the Autonomous Vehicle Market:
The level of automation segment is estimated to generate the highest revenue in the global autonomous vehicle market in 2019
In 2019, the level 3 segment is projected to be the highest revenue contributor in the level of automation segment
Europe is anticipated to exhibit the highest CAGR during the forecast period
In 2019, North America contributed the highest market share, followed by, Europe, Asia Pacific and LAMEA
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The key players profiled in the report are General Motors, Daimler AG, Ford Motor Company., Volkswagen Group, BMW AG, Renault-Nissan-Mitsubishi alliance, Volvo-Autoliv-Ericsson-Zenuity alliance, Groupe SA, AB Volvo, Toyota Motor Corporation, and Tesla Inc. Other companies in accordance with auto suppliers are Robert Bosch GMBH, Aptiv, Continental AG, and Denso Corporation. Also by technology providers, it includes Waymo, NVDIA Corporation, Intel Corporation, Baidu, and Samsung. And based on AV as service provider, it includes Uber, Lyft, and Didi Chuxing.
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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.
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