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Exclusive Report on Autonomous/Driverless Car Market 2019 | Industry Drivers, Business Plans, Types, Applications, Challenges, Opportunities and Latest Trends Forecast to 2024

Autonomous/Driverless

The “Autonomous/Driverless Car Market” 2019 report provides market size (value and volume), market share, growth rate by types, applications, and combines both qualitative and quantitative methods to make micro and macro forecasts in different regions or countries. Autonomous/Driverless Car Market report also aims to provide useful and comprehensive insights into current market trends and future growth scenarios. Autonomous/Driverless Car market report contains information like SWOT analysis, business highlights, strength, weakness, threats and opportunities of industry.

Top Manufacturers of Autonomous/Driverless Car Market Are:

  • Uber Technologies Inc.
  • Daimler AG
  • Google Inc.
  • Toyota Motor Corp.
  • Nissan Motor Co. Ltd.
  • Volvo Cars
  • General Motors Company
  • Volkswagen AG
  • Tesla Inc.
  • BMW

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    Market Overview:

  • The autonomous/driverless car market was valued at USD 5.68 billion in 2018 and is expected to project a CAGR of 31.50%, during the forecast period, 2019-2024.
  • – Autonomous cars use technologies like RADAR, LIDAR, GPS, and computer vision, in order to sense their environment. Advanced control systems that are integrated into the car can interpret the sensory inputs to detect the signboards or to avoid the collision.
  • – Although, Level 4 and Level 5 (as scaled by SAE) autonomous cars are unlikely to reach wide acceptance, by 2030, there would be a rapid growth for Level 2 and Level 3 autonomous cars, which have advanced driver assistance systems, like collision detection, lane departure warning, and adaptive cruise control. Fully autonomous cars are not going to reach a wide customer base, unless, they are secure from cyber-attacks. If such concerns are addressed, the autonomous car market is estimated to reach USD 60 billion, by 2030.
  • – Major automaker companies, technology giants and specialist start-ups have invested more than USD 50 billion over the past five years, in order to develop autonomous vehicle (AV) technology, with 70% of the money coming from other than the automotive industry. At the same time, public authorities see that AVs offer huge potential economic and social benefits.

    Scope of the Report:

  • Autonomous or driverless cars are vehicles that are capable of maneuvering on their own or by human assistance by sensing its nearby environment.
  • The autonomous cars have been segmented by type.

    Autonomous/Driverless Car Market Report Answers the Following Questions:

    • What will the market size and the growth rate be in 2024?
    • What are the key factors driving the global Autonomous/Driverless Car market?
    • What are the key market trends impacting the growth of the global Autonomous/Driverless Car market?
    • What are the challenges to market growth?
    • Who are the key vendors in the global Autonomous/Driverless Car market?
    • What are the market opportunities and threats faced by the vendors in the global Autonomous/Driverless Car market?
    • Trending factors influencing the market shares of the relevant regions.
    • What are the key outcomes of the five forces analysis of the global Autonomous/Driverless Car market?

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    Key Market Trends:

    Cyber Security and Safety Concerns are Hindering the Market Growth

    Cyber security is going to be a key consideration for the developing autonomous vehicle technology, as it is not just concerned with the vehicles themselves, but is also related to the whole environment that will be developed to support such vehicles. A connected and automated vehicle system is a cyber-physical system, with components of both the physical and virtual worlds. The safety stakes are high, as these systems are hard to protect. There are also risks associated with the networks that connect vehicles. The network systems include the financial networks that process payments, roadside sensor networks, and the electricity infrastructure or traffic control features.

    One of the major cyber security risks associated with autonomous vehicles is hacking.

    – For instance, in 2015, researchers Charlie Miller and Chris Valasek demonstrated that they were able to hack a Jeep Cherokee and control it remotely. The incident led to the recall of 1.4 million cars by Fiat Chrysler.
    – Additionally, in early 2017, the Chinese researchers exposed the vulnerabilities in Tesla Model X. They were able to take control of the vehicle’s brakes, remotely, open the trunk and the doors, and take control of the radio. The researchers hacked the vehicle through Wi-Fi and cellular connections, using malware, which was sent to the car’s web browser in a series of circuitous computer exploits.

    Apart from cyber security issues, safety concerns pertaining to accidents have always been the prime concern for both the consumers and the international authorities, such as NHTSA. There has been two major accidents in early 2018, which increased the safety concerns regarding these vehicles –

    – A woman in Arizona was hit and killed by a self-driving Uber car
    – A Tesla Model X on autopilot hit a highway divider before bursting into flames

    Semi-Autonomous Vehicles Dominating the Market

    Following the SAE (Society of Automotive Engineers) International automated driving standards, cars with level 1 to level 3 automation features have been considered under the market segment of semi-autonomous cars.

    – Level 1 automation (also known as Driver Assistance) has been available on cars for several years, handling driving modes like steering or throttle and brake, but never both. The level 1 cars must need driver attention to take over those functions if called upon by the vehicle. Some of the features seen in level 1 cars are parking assistance, adaptive cruise control, and lane keeping assistance.
    – Level 2 automation (also known as Partial Assistance) has a suite of driver assistance technologies including Traffic Aware Cruise Control and Autosteer with lane change, which enables automatic steering on undivided roads but with speed limitations
    – Level 3 automation is referred to as conditional automation. In Level 3 automation, the autonomous cars driving system performs all the dynamic driving tasks with the expectation that the human driver will respond appropriately to a request to intervene.

    North America and Europe covered more than half of the global semi-autonomous cars market in 2018 and likely to continue to increase their market share, during the forecast period, owing to the increasing launch of semi-autonomous car models and increasing development towards vehicle semi-autonomous systems among players in the automotive industry.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    The report provides key statistics on the market status of the Autonomous/Driverless Car Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Autonomous/Driverless Car .

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    Report Objectives:

    • Analyzing the size of the Autonomous/Driverless Car market on the basis of value and volume.
    • Accurately calculating the market segments, consumption, and other dynamic factors of different sections of the global Autonomous/Driverless Car market.
    • Determining the key dynamics of the Autonomous/Driverless Car market.
    • Highlighting significant trends of the Autonomous/Driverless Car market in terms of manufacture, revenue, and sales.
    • Deeply summarizing top players of the Autonomous/Driverless Car market and showing how they compete in the industry.
    • Studying industry processes and costs, product pricing, and various trends related to them.
    • Displaying the performance of different regions and countries in the global Autonomous/Driverless Car market.

    Detailed TOC of Autonomous/Driverless Car Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Technology Trends
    4.3 Market Drivers
    4.4 Market Restraints
    4.5 Industry Attractiveness – Porter’s Five Force Analysis
    4.5.1 Threat of New Entrants
    4.5.2 Bargaining Power of Buyers/Consumers
    4.5.3 Bargaining Power of Suppliers
    4.5.4 Threat of Substitute Products
    4.5.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Type
    5.1.1 Semi-autonomous Vehicles
    5.1.2 Fully-autonomous Vehicles
    5.2 Geography
    5.2.1 North America
    5.2.2 Europe
    5.2.3 Asia-Pacific
    5.2.4 Rest of the World

    6 COMPETITIVE LANDSCAPE
    6.1 Vendor Market Share**
    6.2 Mergers & Acquisitions
    6.3 Company Profiles
    6.3.1 Uber Technologies Inc.
    6.3.2 Daimler AG
    6.3.3 Google Inc.
    6.3.4 Toyota Motor Corp.
    6.3.5 Nissan Motor Co. Ltd.
    6.3.6 Volvo Cars
    6.3.7 General Motors Company
    6.3.8 Volkswagen AG
    6.3.9 Tesla Inc.
    6.3.10 BMW

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

    8 DISCLAIMER

     

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