Self-Driving and Driverless Cars Market latest developments, Mergers and Acquisitions, Expansion Plans and Forecasts Research - Local Motors, Volvo, IBM, Nissan

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Self-Driving and Driverless Cars The market was worth USD 20.3 million in 2021, and it is anticipated to grow at a CAGR of 13.4% from 2021 to 2029 to reach USD 62.4 million. Safety features are a crucial requirement for automotive buyers worldwide. Governments all over the world have made it mandatory to include features like automatic emergency braking (AEB) and lane departure warning (LDW), paving the way for cutting-edge technology and autonomous / self-driving vehicles. As a result, various safety features have been created to aid drivers and reduce the number of collisions. The emergence of robo-taxis is anticipated to be a major revenue-generating sector for autonomous and self-driving vehicles.

The Global Self-Driving and Driverless Cars Market Size, Scope, and Forecast 2023-2029 report has been added to the Market research collection of Market Intelligence Data Reports. Industry experts and researchers have offered an authoritative and concise analysis of the Self-Driving and Driverless Cars Market with respect to various aspects such as growth factors, challenges, restraints, developments, and opportunities for growth. This report provides a pin-point analysis of changing dynamics and emerging trends in the Self-Driving and Driverless Cars Market. Additionally, it provides a futuristic perspective on various factors that are likely to fuel the growth of the Worldwide Self-Driving and Driverless Cars Market in the coming years.

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Some of the key players profiled in the study are Local Motors, Volvo, IBM, Nissan, General Motors, BMW, Tesla, Uber, Apple, Mercedes-Benz, Volkswagen, Waymo LLC, EasyMile, Udelv, Toyota, Cisco, Microsoft, Baidu  other Prominent players.

 Recent Developments:

In September 2021, General Motors Co's venture capital arm announced an investment in a startup Oculii based in the US. Which develops software for radar sensors for Autonomous / Self-driving cars . This investment will allow GM to use Oculli's low-cost software to boost the resolution of radars and scale up its partially automated vehicles and fully Autonomous / Self-driving cars .

In June 2020, Mercedes-Benz and NVIDIA entered into a partnership to create a revolutionary in-vehicle computing system and AI computing infrastructure. This will be rolled out across the fleet of next-generation Mercedes-Benz vehicles, enabling them with upgradable automated driving functions. Working together, the companies plan to develop the most sophisticated and advanced computing architecture.

In June 2021, Waymo unveiled fifth-generation Waymo Driver, which can be applied to multiple vehicle platforms and use cases, from moving people with Waymo One to transporting goods with Waymo Via. Waymo's fifth-generation Driver carefully curates the placement of lidar, cameras, and radar to offer the overlapping field of views, with high dynamic range and thermal stability for more complex environments. The company also optimized its design for all-weather performance by incorporating weatherproof materials and mechanisms, along with new wipers and nozzles, to ensure it can see through any condition. Waymo has made its sensors as a separate design element from the vehicle platform, which can be used on several locations on the vehicle, with simple and pure forms to integrate sensors harmoniously across unique vehicle platforms. 

Competition is an important issue in any market research analysis. With the help of the competitive analysis provided in the report, players can easily study the key strategies employed by leading players in the Self-Driving and Driverless Cars market. The major and emerging players of the Self-Driving and Driverless Cars Market are closely studied considering their market share, production, sales, revenue growth, gross margin, product portfolio, and other important factors. This will help players familiarize themselves with the movements of their toughest competitors in the Self-Driving and Driverless Cars market.

The segmental analysis section of the report includes a thorough research study on key type and application segments of the Self-Driving and Driverless Cars market

Self-Driving and Driverless Cars Market (By Types)

Semi-autonomous Vehicles

Fully Autonomous Vehicles

Self-Driving and Driverless Cars Market (By Application)

Household

Commercial

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Here's how Market Intelligence Data helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The researchers analyse recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures.

Perfect Market Size Estimations: The report analyses the demographics, growth potential, and capability of the Self-Driving and Driverless Cars market through the forecast period.

This factor leads to the estimation of the Self-Driving and Driverless Cars market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular Self-Driving and Driverless Cars market that will help the stakeholders to be aware of the current investment scenario across the market.

Important years considered in the Self-Driving and Driverless Cars study:

Historical year - 2017-2021;
Base year - 2022;
Forecast period** - 2023 to 2029 [** unless otherwise stated]

If opting for the Global version of Self-Driving and Driverless Cars Market; then the below country analysis would be included:

- North America (the USA, Canada, and Mexico)

- Europe (Germany, France, the United Kingdom, Netherlands, Italy, Nordic Nations, Spain, Switzerland, and the Rest of Europe)

- Asia-Pacific (China, Japan, Australia, New Zealand, South Korea, India, Southeast Asia, and the Rest of APAC)

The Asia Pacific region is projected to be the fastest-growing Self-Driving and Driverless Cars market, by 2029

Asia Pacific is expected to account for the largest market share by 2030, followed by Europe and North America. Increasing demand for a safe, efficient, and convenient driving experience; rising disposable income in emerging economies; and stringent safety regulations across the globe are factors driving the autonomous / self-driving cars market. The market in Asia Pacific is expected to grow at the highest rate during the forecast period owing to increased partnerships adopted by Autonomous / Self-driving cars  technology providers in this region. For example, Baidu is a major service provider of autonomous / self-driving technology in China. This company has already successfully test-driven more than 1 million miles in more than 13 Chinese cities. It is partnering with Ford and NVIDIA to increase investments for autonomous / self-driving vehicles in China. Asia Pacific also has one of the largest ride-sharing industries.

- South America (Brazil, Argentina, Chile, Colombia, the Rest of the countries, etc.)

- the Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Turkey, Nigeria, South Africa, Rest of MEA)

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Reasons to Procure this Report:

The research would help top administration/policymakers/professionals/product advancements/sales managers and stakeholders in this market in the following ways.

The report provides Self-Driving and Driverless Cars market revenues at the worldwide, regional, and country levels with a complete analysis to 2029 permitting companies to analyze their market share and analyze projections, and find new markets to aim for.

The research includes the Self-Driving and Driverless Cars market split by different types, applications, technologies, and end-uses. This segmentation helps leaders plan their products and finances based on the upcoming development rates of each segment.

Self-Driving and Driverless Cars market analysis benefits investors by knowing the scope and position of the market giving them information on key drivers, challenges, restraints, and expansion chances of the market and moderate threats.

This report would help to understand competition better with a detailed analysis and key strategies of their competitors and plan their position in the business.

The study helps evaluate Self-Driving and Driverless Cars business predictions by region, key countries, and top companies' information to channel their investments.

What is new in 2023?

- Major developments that can change the business landscape as well as market forecasts.

- Addition/refinement in segmentation-Increase in depth or width of segmentation of the market.

- Coverage of new market players and change in the market share of existing players of the Self-Driving and Driverless Cars market.

- Updated financial information and product portfolios of players operating in the Self-Driving and Driverless Cars market.

- Updated market developments of the profiled players.

- Any new data points/analysis (frameworks) which was not present in the previous version of the report

The new edition of the report consists of trends/disruptions on customer's business, tariff and regulatory landscape, pricing analysis, and a market ecosystem map to enable a better understanding of the market dynamics for Self-Driving and Driverless Cars.

Customization services available with the report:

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-Five Countries can be added as per your choice.

-Five Companies can added as per your choice.

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-Post-sales support for 1 year from the date of delivery.

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