openPR Logo
Press release

Autonomous Vehicles Market size in terms of volume and value 2016-2026

12-13-2017 11:22 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

/ PR Agency: Future Market Insights
Autonomous Vehicles Market size in terms of volume and value

Autonomous vehicles also known as “robot cars” are driverless vehicles, controlled by the computer, which is yet to be commercialized in the market. Autonomous vehicles have sensors installed in it, which detects the objects in its surroundings via radar, GPS, lasers and computer vision and chooses the appropriate path and direction. With the increasing road accidents due to human error while driving provides lucrative opportunities for autonomous vehicles over the forecast period, as the autonomous vehicles are comparatively safe when compared with manually controlled vehicles. The autonomous vehicles will also help in reducing the CO2 emissions to the environment. The commercialization of autonomous vehicles will also contribute to the revenue growth of different industries such as, IT, technology and electronics.

The use of autonomous vehicles are not limited to passenger cars, it can be used in industrial fleet, construction, public transportation and for agricultural applications. The merits of an autonomous vehicle over manually operated vehicles are, increased fuel efficiency, safety and low emissions among others. Considering the aforementioned factors, the global autonomous vehicles market will project a healthy growth rate over the forecast period.

The global autonomous vehicles market is primarily driven by the numerous advantages of an autonomous vehicle such as increased safety reduced driving stress, efficient parking reducing the costs, fuel efficiency, reduced CO2 emissions to the environment and increasing geriatric population will have a positive impact on the global autonomous vehicles market. Apart from the aforementioned factors, the autonomous vehicles will have a positive impact on the economy as a whole. However, the data security concerns might pose as a restrain to the global autonomous vehicles market as the controlling software can be hacked by unauthorized parties, and input spurious information to the system.

Request Report Sample @ https://www.futuremarketinsights.com/toc/rep-gb-1526

The global autonomous market is segmented based on level of automation, application and region. Based on automation level, the global autonomous vehicles market can be segmented into Driver Assistance, Partial Automation, Conditional Automation, High Automation and Full Automation. Based on applications, the global autonomous vehicles market can be segmented into Passenger Cars, Public Transportation, Industrial fleet, Construction and Agricultural applications

Based on the geographic regions, global autonomous vehicles market is segmented into seven key market segments namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, and Middle East & Africa. Among the aforementioned regions, the Western Europe market holds the largest share of global autonomous vehicles market, due to the higher adoption of autonomous vehicles in the region.

North American market for autonomous vehicles is trailing behind the Western European market. Over the forecast period, China in the Asia-Pacific market will surpass the European as well as American market for autonomous vehicles. The adoption of autonomous vehicle in the developing economies such as Latin America and MEA will be low as compared to other region. Overall, the global autonomous vehicle market will project a healthy CAGR over the forecasted period considering its tremendous advantages over conventional vehicles and impact on environment.

Visit For TOC @ https://www.futuremarketinsights.com/toc/rep-gb-1526

Autonomous Vehicles Market: Key Players

Some of the key players identified in the global autonomous vehicles market are Google, BMW AG, Mercedes-Benz, Tesla Motors, Audi AG among others.

About Us

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

Contact Us

Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Autonomous Vehicles Market size in terms of volume and value 2016-2026 here

News-ID: 858278 • Views: 132

More Releases from Future Market Insights

How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring

All 5 Releases


More Releases for Autonomous

Autonomous Ships Market |rolls Royce autonomous ferry| kongsberg autonomous ship
Autonomous Ships Market This report provides an analysis of the autonomous ships market from 2018 to 2030. It discusses industry and technology trends currently prevailing in the market, along with drivers, restraints, challenges, and opportunities in the market. Request For Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=267183224 The autonomous ships market is projected to grow from USD 6.1 billion in 2018 to USD 13.8 billion by 2030, at a CAGR of 7% from 2018 to 2030.
Semi Autonomous and Autonomous Vehicle Market: Lucrative Opportunites across Glo …
vehicle without the need of any human intervention. Many autonomous vehicles are being developed Autonomous cars are vehicles which are capable of sensing the environment and navigating the but these cars are still not permitted on public roads. In semi-autonomous cars the responsibility of driving is delegated to the driver and the technology is used in the vehicles for driver-air and safety feature. Established auto-makers such as Tesla, Nissan, Mercedes-Benz
Semi-Autonomous and Autonomous Vehicle Market Investment Research Report 2025
vehicle without the need of any human intervention. Many autonomous vehicles are being developed Autonomous cars are vehicles which are capable of sensing the environment and navigating the but these cars are still not permitted on public roads. In semi-autonomous cars the responsibility of driving is delegated to the driver and the technology is used in the vehicles for driver-air and safety feature. Established auto-makers such as Tesla, Nissan, Mercedes-Benz and
Autonomous Driving - The Opportunities and Obstacles Ahead
Timetrics 'Industry Insight: Autonomous Driving - The Benefits and Hurdles Ahead' report analyzes the challenges, innovations, market environment and regulatory developments in the automated vehicles industry, and government commitment to the industry, with a particular focus on the UK. The UK automotive sector is one of the most efficient and productive manufacturing industries in Europe, and the sector has undergone significant growth since the recession. The development of driverless cars is
Semi-Autonomous and Autonomous Vehicle Market to Ensure Healthy Growth
vehicle without the need of any human intervention. Many autonomous vehicles are being developed Autonomous cars are vehicles which are capable of sensing the environment and navigating the but these cars are still not permitted on public roads. In semi-autonomous cars the responsibility of driving is delegated to the driver and the technology is used in the vehicles for driver-air and safety feature. Established auto-makers such as Tesla, Nissan, Mercedes-Benz
2025 Autonomous Car Market Prediction
Global Autonomous Car Market: Overview This report on the global autonomous car market provides analysis for the period 2025–2035, wherein 2025 to 2035 is the forecast period. The report covers market dynamics including drivers, restraints opportunities, and trends expected to influence the global autonomous car market growth during the said period. Technologies that are playing a major role in driving the global autonomous car market have also been covered in the