Autonomous Vehicle Market by Level of Automation (Level 1, Level 2, Level 3, Level 4, and Level 5), Application (Civil, Defense, Transportation & Logistics, and Construction), Drive Type (Semi-autonomous and Fully Autonomous), and Vehicle Type (Passenger Car and Commercial Vehicle): Global Opportunity Analysis and Industry Forecast, 2021–2030
The autonomous vehicle is also known as a driverless vehicle or robotic vehicle. It is capable of sensing its surroundings and navigating without human intervention. It comprises advanced sensor technology, advanced driver assistance system (ADAS), complex algorithm processors, intelligent control systems, and actuators to gather information and perform tasks & responsive actions, such as steering, braking, and acceleration. Furthermore, it uses light detection & ranging (LiDAR), radio detection and ranging (RADAR) sensor technology to create & maintain an internal map of their surroundings. It is comparatively safer than human-controlled vehicles and helps reduce carbon dioxide emission in the environment.
Advancement in IoT and cloud-based platforms using sensors, cameras, cellular routers, and automation has led to significant investment in smart cities. Furthermore, the emergence of IoT and connected devices leads to smart transportation in smart cities. Presently, cloud-based solutions have completely developed. They can easily provide the backbone to build fully functional connected and autonomous vehicle systems with advanced deep learning frameworks that help collect, ingest, store, and analyze connected and autonomous vehicle data to support the development of autonomous vehicle technology.
Autonomous vehicle market is segmented on the basis of level of automation, component, application, propulsion type, vehicle type, and region. Depending on level of automation, it is segmented into level 1, level 2, level 3, level 4, and level 5 automation. On the basis of application, it is fragmented into civil, defense, transportation & logistics, and construction. As per propulsion type, it is divided into semi-autonomous and fully autonomous. According to vehicle type, it is bifurcated into passenger car and commercial vehicle. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the critical areas of investment. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and the role of each stakeholder. The report features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of the key players to increase their market share and sustain the intense competition in the industry.
The key players operating in the global autonomous vehicle market are AB Volvo, BMW AG, Daimler AG, Ford Motor Company, General Motors, Honda Motor Co., Ltd., Nissan Motors Co., Ltd., Tesla, Inc., Toyota Motor Corporation, and Volkswagen AG.
KEY BENEFITS FOR STAKEHOLDERS
This study presents analytical depiction of the global autonomous vehicle market along with the current trends and future estimations to depict the imminent investment pockets.
The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market.
The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
The current market is quantitatively analyzed from 2020 to 2030 to highlight the financial competency of the market.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers.
KEY MARKET SEGMENTS
By Level of Automation
Level 1
Level 2
Level 3
Level 4
Level 5
By Application
Civil
Defense
Transportation & Logistics
Construction
By Propulsion Type
Semi-autonomous
Fully Autonomous
By Vehicle Type
Passenger Car
Commercial Vehicle
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
KEY PLAYERS
AB Volvo
BMW AG
Daimler AG
Ford Motor Company
General Motors
Honda Motor Co., Ltd.
Nissan Motors Co., Ltd.
Tesla, Inc.
Toyota Motor Corporation
Volkswagen AG
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