Self-driving Car Market is Set To Fly High in Years to Come | Microsoft, Toyota

The recent research report published by Quadintel gives an insight into the global Self-driving Car Market. According to this published competitive intelligence analysis, the global 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 Global Self-driving Car Market is expected to expand at a CAGR of 50.9%, leading to global revenue of USD 155.69 Bn by 2024.

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Key Companies Covered in the Self-Driving Car Market Research are divided based on technology providers (Microsoft, Apple, IBM, and Cisco) and automobile industry players (Waymo, Toyota, General Motors, Tesla, Volvo, and Nissan) 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 as 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 up to 90%.

Artificial technologies power self-driving cars system. The software developer and car-manufacturer use vast amount of data from the sensors, image recognition that are integrated with machine learning that helps to build the autonomous car. The advanced control system use information from GPS and sensory to map the navigation path. Car manufacturers are investing heavily in artificial intelligence to succeed in the era of self-driving cars.

The global self-driving car market segment is based on applications, automation, and technological components and geography. The global market for self-driving cars can be categorized on the basis of its applications (personal use and commercial use) based on automation (semi-autonomous and fully-autonomous) and based on technological components (radar, lidar, automotive vehicle camera, ultrasonic sensor and GPS navigation system). Geographically, the self-driving car market is segmented into North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa.

Key growth factors

The increasing concern for road safety and the automotive technological advancement are some other drivers which are making this market grow. To sustain a safe and efficient transportation system, this is important.
When a car can drive itself back home or pick up another person, not many cars will be needed on the road. This will result in less traffic, more available parking space, a greener environment, etc.

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Threats and key players

Even though the self-driving car market is forecasted to experience positive growth globally. Testing self-driver cars on roads is a big challenge as any fault or glitch in the software may be fatal.

Whats covered in the report?

1. Overview of the global self-driving car market
2. Market drivers and challenges in the global self-driving car market
3. Market trends in the global self-driving car market
4. Historical, current and forecasted market size data for the global self-driving car market
5. Historical, current and forecasted market size data for the applications of cars in global self-driving car market (personal use and commercial use)
6. Historical, current and forecasted market size data for the automation level in the global self-driving car market (semi-automation and fully-automation)
7. Historical, current and forecasted market size data for the technology components in the global self-driving car market (radar sensors, video cameras, lidar sensors, ultrasound sensors and GPS navigation systems)
8. Historical, current and forecasted regional (North America, Europe, Asia-Pacific, Latin America, the Middle East & Africa) market size data for the global self-driving car market
9. Analysis of the competitive landscape and profiles of major companies operating in the market
10. Key recent developments in the global self-driving car market

Why buy?

1. To gain insightful analysis of the entire market and have a comprehensive understanding of the global self-driving car market
2. To understand the growth drivers and challenges in the self-driving cars market and its impact on the global 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 Self-driving Car Market, due to growing demand for 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 Self-driving Car Market.

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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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