Global Autonomous Cars Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Autonomous Cars Market Report by The Business Research Company covers autonomous cars market drivers and restraints, autonomous cars market size, major players, and the impact of COVID-19 on the autonomous cars market.
The autonomous cars market consists of sales of autonomous cars by entities (organizations, sole traders and partnerships) that manufacture autonomous cars for transporting people and goods.
The global autonomous cars market is expected to decline from $818.6 billion in 2019 to $772.8 billion in 2020 at a compound annual growth rate (CAGR) of -5.6%. The decline is mainly due to lockdown and social distancing norms imposed by various countries and economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 12.7% from 2021 ad reach $1,191.8 billion in 2023. The market is expected to reach $1,642.9 billion in 2025 growing at a CAGR of 17.4%, and $3,195.0 billion in 2030 growing at a CAGR of 14.2%.
During the forecast period, the autonomous cars market is expected to benefit from the increased investments on self-driving vehicles. Companies such as Ford and General Motors are increasingly investing in R&D for self-driving vehicles. These investments will drive the growth of the market in the forecast period.
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Some autonomous cars market trends include increasingly investing in cyber security to ensure the safety of the passenger. Moreover, virtual reality and augmented reality technologies are being widely used by autonomous car manufacturing companies for faster creation of physical prototypes and reduce manufacturing defects.
Global autonomous cars market segments include:
- By Product Type: Semi-Autonomous cars, Fully-Autonomous cars
- By Application: Civil, Offline Taxes, Robo-Taxes, Ride Hailing and Ride Sharing Taxes, Others
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Autonomous Cars Opportunities And Strategies: Forecast To 2030 is one of a series of new reports from The Business Research Company that provides autonomous cars market overviews, analyzes and forecasts market size, share, autonomous cars market players, autonomous cars market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The autonomous cars identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Autonomous Cars Opportunities And Strategies: Forecast To 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Toyota Motor Corporation, Ford Motor Company, Daimler AG, General Motors Company, Volkswagen AG
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Autonomous Cars Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Autonomous Cars Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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