Insights Into The Autonomous Cars Market’s Growth Opportunities Through 2023-2032 – Includes Autonomous Cars Market Size
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The rise in the development of smart cities are expected to drive innovation in autonomous cars manufacturing, thus driving the market during the forecast period.
The global autonomous cars market is expected to grow from $931.34 billion in 2022 to $1,047.13 billion in 2023 at a compound annual growth rate (CAGR) of 12.4The global autonomous cars market size is expected to grow to $1,651.37 billion in 2027 at a CAGR of 12.1%.
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Global Autonomous Cars Market Segments Include:
- By Product Type: Semi-Autonomous Vehicles, Fully-Autonomous Vehicles
- By Application: Civil, Robo Taxi, Ride Hail, Ride Share, Other Applications
- By Type: Battery Electric Vehicle (BEV), Internal Combustion Engine (ICE), Hybrid Electric Vehicle (HEV)
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global autonomous cars market in 2021.
Major Market Players in the autonomous cars market include BMW Group, Tesla Inc., Ford Motor Company, General Motors Company, Nissan Motor Corporation, Daimler AG, Toyota Motor Corporation.
Full automation vehicles are a key trend in the autonomous car market. Full automation vehicles are capable of performing all driving functions in all circumstances. These vehicles are being designed to be used as Robo-taxis, among others, such as Waymo. Eventually, these self-driving cars will blend into U.S. roadways by improving technology across six stages of driver assistance in the forecast period, from no automation (where a fully engaged driver is still required) to full autonomation (where an automated vehicle runs independently without a human driver). Tesla has confirmed that it plans to provide a software update to its vehicles sometime by the end of 2019 or early 2020. Also, according to Wired, by the end of 2020, Tesla will be fully autonomous.
The Autonomous Cars Global Market Report 2023 provides a autonomous cars market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The autonomous cars market forecast analyzes autonomous cars market size, autonomous cars market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An autonomous car means navigating a vehicle without human input from passengers using sensing equipment (LIDAR), environmental sensitive control equipment, and navigation equipment.
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