The report on Global Autonomous Vehicle Market added by Emergen Research offers a comprehensive analysis of the recent advancements in the Autonomous Vehicle industry and trends driving the growth of the market. It is an investigative study covering analysis of market drivers, restraints, challenges, threats, and growth prospects in the global Autonomous Vehicle Market. The global Autonomous Vehicle Market report is a methodical research of the Autonomous Vehicle Market done by extensive primary and secondary research. The fundamental purpose of the Autonomous Vehicle Market report is to offer an accurate and strategic analysis of the Autonomous Vehicle business sphere.

The key factors hindering the expansion of the autonomous cars market is cybersecurity and the safety precautions surrounding it. Although the self-driving car market has enormous growth potential, many purchasers don't seem to be quite able to deliver the keys because of the threat of hackers as they're tend to take control of data during various situations as well as set destinations that is likely to threaten the privacy of passengers.

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The idea about hackers taking control of the vehicles during various situations is more concerning. as an example, the first case of an autonomous car killing a pedestrian was reported in Arizona (USA) in 2018. Chinese researchers in 2017 revealed vulnerabilities in Tesla Model X, when researchers hacked the vehicle via Wi-Fi and cellular connections using software that was sent to the car's application in a series of circuitous computer exploits.

For the purpose of this report, Emergen Research has segmented into the global Autonomous Vehicle Market on the basis of source, application and region:

Component Outlook (Revenue, USD Billion; 2017-2027)

  • Camera
  • LiDAR
  • Radar
  • Ultrasonic Sensor

Application Outlook (Revenue, USD Billion; 2017-2027)

  • Civil
  • Robo Taxi
  • Ride hail and share
  • Self-driving bus
  • Self-driving truck

Fuel Type Outlook (Revenue, USD Billion; 2017-2027)

  • Internal Combustion Engine (ICE)
  • Hybrid Electric Vehicle (HEV)
  • Battery Electric Vehicle (BEV)

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Regional Outlook:

The report offers a comprehensive analysis of the current growth opportunities for various regions of the Autonomous Vehicle market. It gauges the revenue shares of these regions over the forecast timeline. Furthermore, the report analyzes the year-on-year growth rate of these regions over the forecast duration. The leading geographic regions encompassed in the report include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Outlook:

The latest research report is inclusive of a precise summary of the intensely competitive landscape of the global Autonomous Vehicle market. It offers a systematic presentation of the company profiles of the leading market players. This section of the report analyzes the effective initiatives undertaken by these players for business expansion in the long run. In addition, this section highlights the key developments and financial positions of these companies to explain the overall market scenario. The company profiles of the established and new players have been assessed using certain effective analytical tools, such as Porter’s Five Forces analysis and SWOT analysis.

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Leading companies operating across the global Autonomous Vehicle market:

  • Honda Motor Corporation
  • Daimler AG (Mercedes Benz)
  • Ford Motor Company
  • BMW AG
  • General Motors
  • Audi AG
  • Nissan Motor Company
  • Tesla and Toyota Motor Corporation

Some Key Highlights from the Report

  • Rise within the event of smart cities is also a key factor driving the expansion of the autonomous cars market. the electrical autonomous cars help reduce pollution in smart cities and also help to fight global temperature change. By using driverless cars, traffic accidents is decreased by 90%, significantly improving the protection of our roads. Several countries like Mexico, Canada and also the US are deploying digital infrastructure to promote communication between vehicles and networks to assemble essential information, thereby reducing holdup and improving road safety. Therefore, rise within the event of smart cities is predicted to drive the expansion of the autonomous cars market.
  • Full automation vehicles may well be a key trend within the autonomous cars market. The autonomous vehicles can potentially perform most of the driving functions in all circumstances, these vehicles are being designed to be used as robo-taxis, among others, like Waymo. With time, these cars are likely to blend with US roadways by improving technology across six stages of driver assistance within the approaching years from No automation (where a very engaged driver continues to be required) to full autonomation (where an automatic vehicle runs independently, without somebody's driver). Tesla has confirmed that it plans to supply a software update to its vehicles sometime by the tip of 2019 or early 2020. Also, per Wired, by the tip of 2020, Teslas are fully autonomous.
  • In June 2019, Apple, an American technology company acquired Drive.ai, a California based company, which works on autonomous cars for an undisclosed amount. This acquisition boosted Apple's own development of a self-driving vehicle system.

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