Asia-Pacific Self-driving Car Market Quality and Quantity Analysis | Apple, Microsoft, Toyota, Volvo

The recent research report published by Quadintel gives an insight into the global Asia-Pacific Self-driving Car Market. According to this published competitive intelligence analysis, the global Asia-Pacific Self-driving Car Market is expected to experience a promising annual revenue increase (USD in Mn) in 2021. A comprehensive overview and precise insights into possible future scenarios for the worldwide market are provided in this study.

The Asia-Pacific Self-Driving Car Market is expected to expand at a CAGR of 58.7%, leading to global revenue of USD 44.69 Bn by 2024.

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Key Companies Covered in the Asia-Pacific Self-driving Car Market Research areApple, Microsoft, Toyota, Volvo, General Motors and other key market players.

A self-driving car also known as the driverless car or an autonomous car or 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 human conduction. It is expected that the self-driving car would reduce car crash by 90%.

Asia-Pacific self-driving market is further segmented based on applications, automation, and technological components. The segment applications are also categorized into personal use and commercial use. Initially, self-driving cars will be owned personally. However, over-ime many auto-manufacturers, automotive technology providers and ride sharing providers are working to offer self-driving taxi. For example, Yandex Taxi has introduced two self-driving cabs in the Russian city of Innopolis which has a population of 300.

Based on automation, the self-driving automation levels are categorized into semi-autonomous, and fully autonomous. Semi-autonomous cars are dominating the automation segment. However, car-manufacturers targets to introduce full autonomous cars by 2020. By 2017, 29 Mn new cars were sold in China and it is expected to reach 37 Mn by 2025. It is forecasted that approximately 25% of new cars manufactured would be level 2 and level 3 by 2025.

The self-driving car Market segment based on various technological components that are used in autonomous cars like radar, lidar, automotive vehicle camera, ultrasonic sensor and GPS navigation system. Since the region is highly prone to traffic crash, radar-based driver assistance system is already deployed in the car for safety purpose. Singapore is the first country in APAC (Asia-Pacific) to adopt 79 GHz band for the short-range radar (2007).

Based on the countries, the self-driving cars market is segmented into China, Japan, India, South Korea and the rest of the APAC (Asia-Pacific) market. Japan and China will lead the deployment of self-driving cars. China is forecasted to be the biggest market of self-market because most of the vehicles owners are very enthusiastic to drive a self-driving car.

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Key growth factors

The region has safety concerns. Approximately, an average of 645,000 road accidents takes place every year. 90% of road accidents are because of human error. Self-driving or autonomous car will act as a driving factor to minimize accidents and improve vehicle safety.

Autonomous cars have gained enough hype in Asia-Pacific. Large tech companies like Alibaba, Baidu, Didi Chuxing and Softbank are investing on the self-driving cars in the hope to capitalize shortly.

Threats and key players

Factor that may restrain the adoption of self-driving cars are regulation and lack of safety standard on autonomous cars.

Whats covered in the report?

1. Overview of the Asia-Pacific self-driving car market
2. Market drivers and challenges in the Asia-Pacific self-driving car market
3. Market trends in the Asia-Pacific self-driving car market
4. Historical, current and forecasted market size data for the Asia-Pacific self-driving car market
5. Historical, current and forecasted market size data for the applications of cars in Asia-Pacific self-driving car market (personal use and commercial use)
6. Historical, current and forecasted market size data for the automation level in the Asia-Pacific self-driving car market (semi-automation and fully-automation)
7. Historical, current and forecasted market size data for the technological components in the Asia-Pacific self-driving car market (radar sensors, video cameras, lidar sensors, ultrasound sensors and GPS navigation systems)
8. Historical, current and the forecasted countries (China, Japan, India, South Korea and the rest of APAC) market size data for the Asia-Pacific self-driving car market
9. Analysis of the competitive landscape and profiles of major companies operating in the market

Why buy?

1. To gain insightful analysis of the entire market and have a comprehensive understanding of the Asia-Pacific self-driving car market
2. To understand the growth drivers and challenges in the self-driving cars market and its impact on the Asia-Pacific scenario
3. To analyze the market potential, drivers, latest market trends, opportunities and challenges, self-driving cars market threats and risks
4. Identify major competitors, market dynamics, and respond accordingly
5. Devise market-entry strategies by understanding the factors driving the growth of the market
6. 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 Asia-Pacific Self-driving Car Market, due to growing demand for Asia-Pacific 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 Asia-Pacific Self-driving Car Market.

Download Free Sample of This Strategic Report: -https://www.quadintel.com/request-sample/asia-pacific-self-driving-car-market/QI042

List of Factors Covered in the Report are:

Geographical Breakdown: The regional section of the report analyses the market on the basis of region and national breakdowns, which includes size estimations, and accurate data on previous and future growth. It also mentions the effects and the estimated course of Covid-19 recovery for all geographical areas. The report gives the outlook of the emerging market trends and the factors driving the growth of the dominating region to give readers an outlook of prevailing trends and help in decision making.

Key inquiries addressed in the report:

Investigate the COVID 19 outbreak's effects.
Our researchers give precise responses, pinpoint significant chances and fresh investments, and suggest excellent market strategy avenues.
Key Points Covered in this Report

Chapter 1, About Executive Summary to describe Definition, Specifications and Classification of market, Applications, Market Segment by Regions North America, Europe or Asia.

Chapter 2, objective of the study.

Chapter 3, to display Research methodology and techniques.

Chapter 4 and 5, to show the Overall Market Analysis, segmentation analysis, characteristics;

Chapter 6 and 7, to show the Market size, share and forecast; Five forces analysis (bargaining Power of buyers/suppliers), Threats to new entrants and market condition;

Chapter 8 and 9, to show analysis by regional segmentation, comparison, leading countries and opportunities; Regional Marketing Type Analysis, Supply Chain Analysis

Chapter 10, focus on identifying the key industry influencer's, overview of decision framework accumulated through Industry experts and strategic decision makers;

Chapter 11 and 12, Market Trend Analysis, Drivers, Challenges by consumer behaviour, Marketing Channels and demand & supply.

Chapter 13 and 14, describe about the vendor landscape (classification and Market Positioning)

Chapter 15, deals with Market sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.

…….. and view more in complete table of Contents

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This release was published on openPR.