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Autonomous Vehicle Market Outlook to 2027 - Daimler AG, Ford Motor Company, General Motors, Renault-Nissan-Mitsubishi alliance, Tesla, Volkswagen Group

Press release   •   Apr 23, 2019 09:37 IST

Autonomous Vehicle Market

The advent of self-driving cars is said to have a long-lasting impact on the vehicle ownership infrastructure and the automotive industry in the near future. Continuous developments in wireless communication technology and cellular communications have laid down a strong foundation for the overall development of the autonomous vehicle market. Automotive giants such as Tesla and BMW have led the advancements in the autonomous vehicle industry and have commercialized the production of semi-autonomous vehicles. The current features in the semi-autonomous vehicle include auto-pilot and self-parking among others.

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The List of Companies

1. BMW AG
2. Daimler AG
3. Ford Motor Company
4. General Motors
5. Groupe SA
6. Renault-Nissan-Mitsubishi alliance
7. Tesla Inc.
8. Toyota Motor Corporation
9. Volkswagen Group
10. Volvo-Autoliv-Ericsson-Zenuity alliance

However, the less developed ecosystem infrastructure in the developing and under-developed economies is anticipated to pose a challenge in the growth of autonomous vehicle market. Further, increasing technological advancements in the communication infrastructure globally are expected to provide significant opportunities for the players operating in the autonomous vehicle market.

The global autonomous vehicle market is segmented on the basis of autonomy level and application. Based on autonomy level, the autonomous vehicle market is segmented into Level-3, Level-4 and Level-5. On the basis of application, the autonomous vehicle market is segmented into Consumer, Robo Taxi, Self-driving Bus, Ride Hail and Ride Share.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global autonomous vehicle market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The autonomous vehicle market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of eighteen countries globally along with the current trend and opportunities prevailing in the region.

The reports cover key developments in the autonomous vehicle market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from autonomous vehicle market are anticipated to lucrative growth opportunities in the future with the rising demand for autonomous vehicles in the global market. Below mentioned is the list of few companies engaged in the autonomous vehicle market.

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The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, Healthcare and Telecommunication industries.

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