Autonomous Car Market, by Level of Automation (Level 1, Level 2, Level 3, Level 4, Level 5), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Autonomous Car Market, by Level of Automation (Level 1, Level 2, Level 3, Level 4, Level 5), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

An autonomous car or a self-driving car or driverless car is a vehicle capable of sensing the environment and moving safely with little to no human intervention. An autonomous car can go anywhere, similar to a conventional car, and do everything that an experienced human driver does. These cars combine various types of sensors to perceive surroundings such as GPS, LIDAR, sonar, radar, and inertial measurement units. These cars also rely on actuators, algorithms, machine learning systems, and powerful processors to execute software. Furthermore, they are equipped with advanced control systems to interpret sensor information, in order to identify suitable navigation path and also obstacles and relevant signage.

Market Drivers

According to Coherent Market Insights’ analysis, countries including Japan, Italy, and Germany, where people over 65 years old or elderly account for more than 20% of the total population. This age group is more susceptible to slow responsiveness to myopia and other diseases. According to the National Highway Traffic Safety Administration, there has been an increase in accidents involving the elderly. The autonomous car can make driving for people of this age group a more independent and safer affair. Moreover, in countries such as the U.S., geriatric population is expected to boost the demand for autonomous cars. Disabled or handicapped individuals are among the most who are unable to drive, which in turn, is expected to increase the demand for these cars. Thus, these factors are expected to propel growth of the global autonomous market over the forecast period.

Key features of the study:

• This report provides an in-depth analysis of the global autonomous car market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2022 to 2030), considering 2021 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading market players
• It profiles leading players in the global autonomous car market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
• Companies covered as a part of this study include Audi AG, Bayerische Motoren Werke AG, General Motors Company, Nissan Motor Co., Ltd., Tesla Motors, Inc., The Volvo Group, Toyota Motor Corporation, Uber Technologies Inc., Waymo LLC, Kia- Hyundai, Poni.ai
• Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
• The global autonomous car market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global autonomous car market.

Detailed Segmentation

• Global Autonomous Car Market, By Level of Automation:
• Level 1
• Level 2
• Level 3
• Level 4
• Level 5
• Global Autonomous Car Market, By Region:
• North America
• By Country:
• U.S.
• Canada
• Europe
• By Country:
• Germany
• Italy
• U.K.
• France
• Russia
• Rest of Europe
• Asia Pacific
• By Country:
• China
• India
• Japan
• Australia
• South Korea
• ASEAN
• Rest of Asia Pacific
• Latin America
• By Country:
• Brazil
• Mexico
• Argentina
• Rest of Latin America
• Middle East and Africa
• By Region:
• GCC Countries
• South Africa
• Rest of Middle East and Africa
• Company Profiles
• Audi AG *
• Company Overview
• Product Portfolio
• Financial Performance
• Key Strategies
• Recent Developments/ Updates
• Bayerische Motoren Werke AG
• General Motors Company
• Nissan Motor Co., Ltd.
• Tesla Motors, Inc.
• The Volvo Group
• Toyota Motor Corporation
• Uber Technologies Inc.
• Waymo LLC
• Kia- Hyundai
• Poni.ai

“*” marked represents similar segmentation in other categories in the respective section.