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Autonomous Vehicle Development Platform Market Size, Share, Growth, Trends And Global Forecast 2023-2032
Autonomous Vehicle Development Platform Market Report
The Business Research Company's Autonomous Vehicle Development Platform Global Market Report 2023 identifies the growing production of autonomous vehicles as the major driver for the autonomous vehicle development platform market's growth in the forecast period. An autonomous vehicle, also known as a driverless car, can run and execute critical activities without human involvement due to its capacity to recognize its environment. Autonomous vehicle development platforms offer a reliable and robust solution for developing and deploying automated driving applications. Growing production will increase the need for complex software and hardware systems, resulting in a larger market for autonomous vehicle development platforms.
The global autonomous vehicle development platform market is expected to grow from $16.71 billion in 2022 to $22.58 billion in 2023 at a compound annual growth rate (CAGR) of 35.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The autonomous vehicle development platform market is expected to reach $70.45 billion in 2027 at a CAGR of 32.9%.
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Major competitors in the autonomous vehicle development platform market are Ford Motor Company, General Motors Co., BMW AG, Hyundai Motor Group, Honda Motor Co. Ltd.,
A key trend in the autonomous vehicle development platform market includes technological advancements. Major companies operating in the autonomous vehicle development platform market are focused on developing technological solutions to strengthen their position in the market. For instance, in October 2022, Clearpath Robotics, a Canada-based manufacturer of mobile robotics platforms for research and development, launched OutdoorNav, an autonomous navigation software platform designed for vehicle developers to build autonomous vehicles faster. OutdoorNav offers dependable GPS-based navigation for quicker, more effective autonomous vehicle development. It is compatible with Clearpath's outdoor mobile platforms and industrial vehicles from other manufacturers. Off-road vehicles can move independently between waypoints without colliding using the software's integrated obstacle detection and avoidance, continuous path planning, and compatible hardware.
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The autonomous vehicle development platform market is segmented -
•By Component: Software, Service
•By Vehicle Type: Passenger Car, Commercial Vehicle
•By Functionality: Sensor Simulation, Data Collection And Analysis, Simulation And Testing
•By End-User: Automotive Manufacturers, Technology Companies, Research Institutions And Universities
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the autonomous vehicle development platform market.
The Business Research Company's "Global Autonomous Vehicle Development Platform Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Autonomous Vehicle Development Platform Market Include:
1. Executive Summary
2. Autonomous Vehicle Development Platform Market Characteristics
3. Autonomous Vehicle Development Platform Market Trends And Strategies
4. Autonomous Vehicle Development Platform Market - Macro Economic Scenario
5. Global Autonomous Vehicle Development Platform Historic Market Size and Growth, 2017 - 2022, Value ($ Billion)
……
32. Global Autonomous Vehicle Development Platform Market Competitive Benchmarking
33. Global Autonomous Vehicle Development Platform Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Autonomous Vehicle Development Platform Market
35. Autonomous Vehicle Development Platform Market Future Outlook and Potential Analysis
36. Appendix
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