Global Autonomous Cars Market (2020 to 2030) - COVID-19 Growth and Change


Dublin, May 20, 2020 (GLOBE NEWSWIRE) -- The "Autonomous Cars Global Market Report 2020-30: COVID-19 Growth and Change" report has been added to ResearchAndMarkets.com's offering.

This report provides the strategists, marketers and senior management with the critical information they need to assess the global autonomous cars market.

The global autonomous cars market is expected to decline from $24.10 billion in 2019 and to $23.33 billion in 2020 at a compound annual growth rate (CAGR) of -3.19%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and reach $37.22 billion in 2023 at CAGR of 16.84%.

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Where is the largest and fastest growing market for the autonomous cars? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Autonomous Cars global market report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider autonomous cars market, and compares it with other markets.

  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The autonomous cars market section of the report gives context. It compares the autonomous cars market with other segments of the autonomous cars market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, autonomous cars indicators comparison.

The autonomous cars market consists of sales of autonomous cars and related services. An autonomous car means navigating a vehicle without human input from passengers using sensing equipment (LIDAR), environmental sensitive control equipment, and navigation equipment.

North America was the largest region in the autonomous cars market in 2019. Asia Pacific was the fastest growing region in the autonomous cars market in the forecast period.

Full automation vehicles is a key trend in the autonomous cars market. The 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 coming years 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, Teslas will be fully autonomous.

The autonomous cars market covered in this report is segmented by product type into semi-autonomous vehicles, fully-autonomous vehicles. It is also segmented by application into civil, robot taxi, ride hail, ride share, others.

Cybersecurity and safety concerns are the key factors hindering the growth of the autonomous cars market. Although the self-driving car market has enormous growth potential, many customers are not quite ready to hand over the keys owing to the threat of hackers as they can try to steal data and self-driving cars can go unofficial by exposing their driving routes and destinations that could threaten the privacy of passengers. The prospect of hackers taking control of the vehicles is even more concerning. For example, the first case of an autonomous car killing a pedestrian was reported in Arizona (USA) in 2018. In 2017, Chinese researchers revealed Tesla Model X vulnerabilities, researchers hacked the vehicle via Wi-Fi and cellular connections using software that was sent to the car's web browser in a series of circuitous computer exploits.

In June 2019, Apple, an American based company, designs, develops and sells consumer electronics, computer software, and online services acquired Drive.ai for an undisclosed amount. This acquisition boosts Apple's own development of a self-driving vehicle system. Drive.ai, a California based company, works on autonomous cars.

Rise in the development of smart cities is a key factor driving the growth of the autonomous cars market. The electric autonomous cars help reduce air pollution in smart cities and also help to fight climate change. By using driverless cars, traffic accidents can be decreased by 90%, significantly improving the safety of our roads. Several countries such as Mexico, Canada and the United States are deploying digital infrastructure to promote communication between vehicles and networks to collect essential information, thereby reducing traffic congestion and improving road safety. Therefore, rise in the development of smart cities is expected to drive the growth of the autonomous cars market.

Key Topics Covered:

1. Executive Summary

2. Autonomous Cars Market Characteristics

3. Autonomous Cars Market Size And Growth
3.1. Global Autonomous Cars Historic Market, 2015 - 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Autonomous Cars Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market

4. Autonomous Cars Market Segmentation
4.1. Global Autonomous Cars Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

  • Semi-Autonomous Vehicles
  • Fully-Autonomous Vehicles

4.2. Global Autonomous Cars Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

  • Civil
  • Robo Taxi
  • Ride Hail
  • Ride Share
  • Others

5. Autonomous Cars Market Regional And Country Analysis
5.1. Global Autonomous Cars Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Autonomous Cars Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

6. Asia-Pacific Autonomous Cars Market

7. China Autonomous Cars Market

8. India Autonomous Cars Market

9. Japan Autonomous Cars Market

10. Australia Autonomous Cars Market

11. Indonesia Autonomous Cars Market

12. South Korea Autonomous Cars Market

13. Western Europe Autonomous Cars Market

14. UK Autonomous Cars Market

15. Germany Autonomous Cars Market

16. France Autonomous Cars Market

17. Eastern Europe Autonomous Cars Market

18. Russia Autonomous Cars Market

19. North America Autonomous Cars Market

20. USA Autonomous Cars Market

21. South America Autonomous Cars Market

22. Brazil Autonomous Cars Market

23. Middle East Autonomous Cars Market

24. Africa Autonomous Cars Market


25. Autonomous Cars Market Competitive Landscape And Company Profiles
25.1. Autonomous Cars Market Competitive Landscape
25.2. Autonomous Cars Market Company Profiles

26. Key Mergers And Acquisitions In The Autonomous Cars Market

27. Autonomous Cars Market Trends And Strategies

28. Autonomous Cars Market Future Outlook and Potential Analysis

29. Appendix
29.1. Abbreviations
29.2. Currencies
29.3. Research Inquiries
29.4. About the Publisher
29.5. Copyright And Disclaimer

Companies Mentioned

  • BMW Group
  • Tesla Inc.
  • Ford Motor Company
  • General Motor Company
  • Nissan Motor Corporation
  • Daimler AG
  • Toyota Motor Corporation
  • Volkswagen AG
  • Volvo Group
  • Waymo LLC
  • Aptiv
  • Continental AG
  • Nvidia Corporation
  • Intel Corporation
  • Baidu Inc.
  • Honda Motor Company Ltd.
  • Hyundai Motor company
  • Uber Technologies Inc.
  • FCA Italy S.p.A.
  • Fiat-Chrysler
  • Autoliv Inc.
  • Bosch GMBH
  • Jaguar Land Rover Limited
  • Subaru of America, Inc.
  • Audi AG
  • Groupe SA
  • AB Volvo
  • Robert Bosch GMBH
  • Denso Corporation
  • Samsung
  • Google Inc.

For more information about this report visit https://www.researchandmarkets.com/r/7dxsdz

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