Global Autonomous Vehicles Industry to Witness 28% CAGR during 2021-2026

DUBLIN, Nov. 25, 2021 /PRNewswire/ — The “Autonomous Vehicle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026” report has been added to ResearchAndMarkets.com’s providing.

Analysis and Markets Brand

The worldwide autonomous car market skilled sturdy development throughout 2015-2020. Wanting ahead, the market is anticipated to develop at a CAGR of round 28% throughout 2021-2026.

Important development within the automotive trade, together with speedy digitization, represents one of many key elements making a constructive outlook for the market. Moreover, the rising requirement for secure and environment friendly mode of transportation can be driving the market development. This has resulted to a rising choice amongst shoppers for AVs with web connectivity, security alerts, computerized crash notifications and enhanced engine controls.

Moreover, varied technological developments, resembling the combination of synthetic intelligence (AI), robotics, machine studying (ML) and the Web of Issues (IoT), are appearing as different growth-inducing elements. In step with this, AV producers are additionally utilizing environment friendly mild detection and ranging (LiDAR) and radio detection and ranging (RADAR) sensing expertise for in depth monitoring and era of 3D maps of the environment.

Different elements, together with the implementation of favorable authorities insurance policies selling auto-tech, together with improvements in related car expertise and dynamic mobility purposes, are anticipated to drive the market additional.

Key Market Segmentation

The writer gives an evaluation of the important thing traits in every sub-segment of the worldwide autonomous car market, together with forecasts on the international, regional and nation degree from 2021-2026. The report has categorized the market primarily based on area, part, degree of automation and software.

Breakup by Part

{Hardware}
Software program and Providers

Breakup by Stage of Automation

Breakup by Software

Breakup by Area

North America
Asia-Pacific
Europe
Latin America
Center East and Africa

Aggressive Panorama

The aggressive panorama of the trade has additionally been examined together with the profiles of the important thing gamers being:

AB Volvo
AUDI Aktiengesellschaft (Volkswagen Group)
Bayerische Motoren Werke AG
Daimler AG
Ford Motor Firm
Basic Motors
Tesla Inc.
Toyota Motor Company
Uber Applied sciences Inc.
Waymo LLC (Alphabet Inc.)

Key Questions Answered within the Report

How has the worldwide autonomous car market carried out up to now and the way will it carry out within the coming years?
What has been the influence of COVID-19 on the worldwide autonomous car market?
What are the important thing regional markets?
What’s the breakup of the market primarily based on the part?
What’s the breakup of the market primarily based on the extent of automation?
What’s the breakup of the market primarily based on the applying?
What are the varied phases within the worth chain of the trade?
What are the important thing driving elements and challenges within the trade?
What’s the construction of the worldwide autonomous car market and who’re the important thing gamers?
What’s the diploma of competitors within the trade?