North America Self-driving Car Market 2022 Future Demand and Growth 2030

The study offers in-depth regional analysis of market scenarios, by analyzing previous trends and covering future forecast. It also offers an in-depth analysis of major driving factors, segments, regions & countries and key players in the market. Moreover, the report outlines the competitive scenarios across different geographies, along with some key market strategies such as mergers and acquisitions, new product developments, R&D activities and more.

North America self-driving car market is expected to expand at a CAGR of 50.8%, leading to global revenue of USD 49.79 Bn by 2024.

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It is expected that the self-driving car would reduce car crash by 90%.

A self-driving car also known as the driverless car or an autonomous car or a robotic car uses a combination of cameras, radars sensor, GPS system and artificial intelligence (AI) to travel between destinations without the need of any human drivers. To quantify self-driving cars must be able to drive to a predetermined destination without any human conduction.

North America self-driving car market is further segmented based on applications, automation and technology components. The segment applications are further categorized into personal use and commercial use. General Motors plans to launch self-driving cars in the US cities by 2019. The company motives to launch fleet of an autonomous taxi Robo-Taxi in the urban area by 2019.

Based on automation, the self-driving automation level is categorized into semi-autonomous and full autonomous. Semi-autonomous cars are dominating the automation segment. Fully autonomous cars technology are still a long way to come. Super Cruise which is a system of General Motors has a host of semi-autonomous technologies which allows the vehicle to consider its surroundings and drive on its own in the limited situation.

The self-driving car Market segment is based on various technological components that are used in autonomous cars like radar, lidar, automotive vehicle camera, ultrasonic sensor and GPS navigation system. The North America market is likely to witness a considerable growth prospect in the Lidar market, due to growing adoption of administrative regulations, mandating the installation of specific automotive safety technologies in both lightweight and heavyweight vehicles in the region.

Based on the countries, the self-driving car market is divided into U.S. and Canada. The U.S. would occupy the highest market share. As various U.S states like California, Arizona, Nevada and many are allowing the self-driving test. On April 2, 2018, California expanded its testing rule. Instead of using safety driver inside the car it plans to apply remote monitoring.

The Key Players in the North America self-driving car market are Apple, Microsoft, IBM, Waymo, Toyota, Volvo, General Motors, Tesla, Nissan, and Cisco.

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Key growth factors

North American technological companies have been innovating these driverless since the very beginning. Autonomous vehicles are already present in this region, promising a wave of efficiency that will transform the transportation industry.
Arizona and California have recently permitted for fully autonomous vehicles to be tested without any human supervisors behind the wheel.

Threats and key players

Very few cities in this region are allowed the testing of autonomous cars, and this makes it difficult for the car manufacturers to launch their cars.

Whats covered in the report?

Overview of the North America self-driving car market
Market drivers and challenges in the North America self-driving car market
Market trends in the North America self-driving car market
Historical, current and forecasted market size data for the North America self-driving car market
Historical, current and forecasted market size data for the applications of cars in North America self-driving car market (personal use and commercial use)
Historical, current and forecasted market size data for the automation level in the North America self-driving car market (semi-automation and fully-automation)
Historical, current and forecasted market size data for the technology components in the North America self-driving car market (radar sensors, video cameras, lidar sensors, ultrasound sensors, and GPS navigation systems)
Historical, current and the forecasted countries (U.S. and Canada) market size data for the North America self-driving car market
Analysis of the competitive landscape and profiles of major companies operating in the market
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Why buy?

To gain insightful analysis of the entire market and have a comprehensive understanding of the North America self-driving car market
To understand the growth drivers and challenges in the self-driving cars market and its impact on the North American scenario
To analyze the market potential, drivers, latest market trends, opportunities and challenges, self-driving cars market threats and risks
Identify major competitors, market dynamics, and respond accordingly
Devise market-entry strategies by understanding the factors driving the growth of the market
Get stakeholder and technology analysis, profiles of the relevant companies and start-up profiles
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

By Geography

Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand, and the Rest of Asia Pacific)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and the Rest of Europe)
Latin America (Brazil, Mexico, Argentina, and Rest of Latin America)
Middle East & Africa (GCC, North Africa, South Africa, and Rest of the Middle East & Africa)
North America (U.S. & Canada)
North America garnered a substantial market share in the North America Self-driving Car Market, due to growing demand for North America Self-driving Car Market products, and rising disposable income, followed by Latin America, Europe, and the Middle East & Africa respectively.

Presently, the Asia Pacific region conquers the North America Self-driving Car Market.

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List of Factors Covered in the Report are:

Major Strategic Developments: The report abides by quality and quantity. It covers the major strategic market developments, including R&D, M&A, agreements, new products launch, collaborations, partnerships, joint ventures, and geographical expansion, accompanied by a list of the prominent industry players thriving in the market on a national and international level.

COVID-19 - Next Thoughts: In this piece, we have shared key data and numbers that shine a spotlight on the current scale of the crisis and the economic fallout. A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021
Under COVID-19 Outbreak Impact Analysis:
We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries.
The impact of COVID-19 on the future development of the industry is pointed out.
Study Explore :
• Market Behavior/ Level of Risk and Opportunity
• End Industry Behavior/ Opportunity Assessment
• Expected Industry Recovery Timeline

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