Self-driving Cars Market 2022 Size-Share with Top Companies, Regional Growth Rate, Trends Future Opportunities and Global Industry Analysis Forecast to 2027 - BMW, Volvo

The Self-driving Cars Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report. The market report additionally gives a to-the-point evaluation of the techniques and plans of action that are being executed by the players and companies to contribute to the Self-driving Cars market growth.

The Global Self-driving Cars Market Size is Projected to Reach at a CAGR of 23% during 2022-2027.

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Market Overview

The recent technological advancements in the fields of artificial intelligence, machine learning, and other sensors like RADAR, LIDAR, GPS, and computer vision, have enabled manufacturers to increase self-driving capabilities in cars. Though there are varying levels of autonomy, major players are working towards more advanced control systems integrated into the car that can interpret the sensory inputs to detect signboards or avoid collisions. Currently, most of the autonomous cars in the market belong to Level 2 and Level 3 which have advanced driver assistance systems, like collision detection, lane departure warning, and adaptive cruise control. Fully autonomous cars will not reach a wide customer base unless they are entirely safe from cyber-attacks. If such concerns are addressed, the autonomous car market is estimated to have positive growth in the coming years.

Top Leading Companies:

Toyota, BMW, Volvo, Mercedes-Benz, Audi

Recent Developments

In March 2021, Volvo Group has signed an agreement with NVIDIA to jointly develop the decision-making system of autonomous commercial vehicles and machines. Utilizing NVIDIA’s end-to-end artificial intelligence platform for training, simulation, and in-vehicle computing, the resulting system will be designed to handle fully autonomous driving on public roads and highways safely.

Bayerische Motoren Werke has acquired 3 companies, including 1 in the last 5 years. It has also divested 1 asset. Bayerische Motoren Werke’s largest acquisition to date was in 2015 when it acquired Nokia - HERE Digital Mapping and Location Services Business for $3.2B. Bayerische Motoren Werke has acquired in 2 different US states, and 2 countries. The Company’s most targeted sectors include software (67%) and information technology (34%).

Self-driving Cars Market Segmentation by Type:

Passenger Vehicle
Commercial Vehicle

Self-driving Cars Market Segmentation by Application:

Home Use
Commercial USD

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North America will dominate the Market

North America is expected to dominate the market in the forecast period. Owing to factors like strong and established automotive company clusters and also being the home for the world's biggest technology companies like Google, Microsoft, Apple, etc the region has been pioneer regard to autonomous vehicles. Particularly in the United States, self-driving cars have already been tested and used in California, Texas, Arizona, Washington, Michigan, and other states of the United States. However, their mobility is currently restricted to specific test areas and driving conditions.

Regional Self-driving Cars Market (Regional Output, Demand & Forecast by Countries)

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.

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Highlights of the Self-driving Cars Market Report:

Detailed overview of Self-driving Cars Market
Changing the Self-driving Cars market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Self-driving Cars market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Self-driving Cars Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2016 to 2022 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Self-driving Cars Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Self-driving Cars industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

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