Autonomous/Driverless Car Market – Growth, Trends, And Forecast (2019 – 2024)
The Autonomous/Driverless Car Market research report 2020 provides a basic overview of the industry including definitions, classifications, applications, and industry chain structure. The Autonomous/Driverless Car market report provides information regarding market size, share, trends, growth, cost structure, Autonomous/Driverless Car market competition landscape, market drivers, challenges and opportunity, capacity, revenue, and forecast 2024.
The report delivers a comprehensive overview of the crucial elements of the market and elements such as drivers, current trends of the past and present times, supervisory scenario & technological growth. This report also includes the overall and comprehensive study of the Autonomous/Driverless Car market with all its aspects influencing the growth of the market. This report is exhaustive quantitative analyses of the Autonomous/Driverless Car industry and provides data for making strategies to increase market growth and effectiveness.
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.
Scope of the report:
The report evaluates the growth rate and the Market value based on Market dynamics, growth inducing factors. The complete knowledge is based on the latest industry news, opportunities, and trends. The report contains a comprehensive Market analysis and vendor landscape in addition to a SWOT analysis of the key vendors.
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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Autonomous/Driverless Car Market: Uber Technologies Inc., Daimler AG, Google Inc., Toyota Motor Corp., Nissan Motor Co. Ltd., Volvo Cars, General Motors Company, Volkswagen AG, Tesla Inc., BMW, and others.
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
Influence of the Autonomous/Driverless Car market report
– Comprehensive assessment of all opportunities and risks in the Autonomous/Driverless Car market.
– Autonomous/Driverless Car market recent innovations and major events.
– A Detailed study of business strategies for the growth of the Autonomous/Driverless Car market-leading players.
– Conclusive study about the growth plot of the Autonomous/Driverless Car market for forthcoming years.
– In-depth understanding of Autonomous/Driverless Car market-particular drivers, constraints, and major micro markets.
– Favorable impression inside vital technological and market latest trends striking the market report.
What are the market factors that are explained in the report?
– Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
– Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
– Analytical Tools: The Autonomous/Driverless Car Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
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Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
- Autonomous/Driverless Car Market: Where are the opportunities? What does the future look like for the Autonomous/Driverless Car Market? What will be the market size in the next 5 years?
- Market trends: What is driving the market? Where are the key players? What are their strategies? What is holding the market behind? Where is the industry heading for in the short and long-term? How are new developments expected to change the market?
- Technology: How are RO and new brine concentration technologies shaping the market? What are the new revenue channels which companies can explore for growth?
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