North America self-driving car market to register 14% gains to 2024
Dec 6, 2018
The players in the self-driving car market are Waymo, Autoliv, BMW, Bosch, Continental, FCA, Ford, General Motors, Hyundai, Toyota, Uber, Volkswagen, Nvidia, Subaru, Tesla, Intel, Jaguar, Nissan, Honda, Daimler, Baidu, Aptiv, and Volvo.
Selbyville, Delaware, USA - December 6, 2018 /MarketersMedia/ —
The level 1 self-driving car market will witness 6% growth over the forecast timespan. The market growth is attributed to the increasing vehicle safety concerns and governmental regulations for vehicle safety across the globe. Furthermore, the integration of the advanced driving assistance and safety systems into passenger cars also supports the market.
On the other hand, the level 2 self-driving car market is expected to grow at a CAGR of 45% during the projected period. The advancements in the automotive technology such as the integration of artificial intelligence, GPS, and advanced electronic sensors such as radar, LiDAR, and ultrasonic sensors promote the market growth.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1224
Internal Combustion Engine (ICE) cars hold a majority share in the self-driving cars market with a market share of over 95% in 2017. This growth is attributed to the high demand for ICE-based cars in emerging nations such as India and Brazil. However, the rising concerns toward environmental safety and the increasing number of government regulations to reduce carbon emissions have restricted the growth of the ICE cars market.
The Hybrid Electric Vehicle (HEV) market is estimated to grow at a CAGR of over 60% during the forecast timeline. The demand for the HEV cars is driven by the growing investments by automotive manufacturers in the development of the electronics vehicles across the globe. The supportive government initiatives such as subsidies and tax benefits to the electronic vehicle manufacturers also propel the self-driving car market.
Europe holds a major share in the self-driving car market with a share of over 40% in 2017. The market growth is attributed to the presence of large number of automakers. The auto manufacturers have invested significantly in the autonomous vehicle technology to accelerate the innovative processes in the self-driving vehicle landscape. The governments in the region are investing in improving the road & telecom infrastructure, enabling the self-driving vehicles to better interact with its surroundings. The Netherlands government has invested over 100 million to install new traffic lights across the nation to help self-driving cars better interact with its surroundings.
Make an Inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1224
The North American self-driving car market is expected to register a high growth rate with a CAGR of over 14% to 2024. The growth in the region can be attributed to the supportive government policies, which have allowed automakers and tech companies in the region to conduct testing of autonomous technologies on public roads and freeways.
The Asia Pacific region is also expected to witness a high growth rate with a CAGR of over 15% in the coming years. Governments of countries such as Japan and China have allowed the testing of autonomous vehicles on public roads. The government authorities are collaborating with automakers and universities to introduce self-driving cars on public roads.
The players in the self-driving car market are Waymo, Autoliv, BMW, Bosch, Continental, FCA, Ford, General Motors, Hyundai, Toyota, Uber, Volkswagen, Nvidia, Subaru, Tesla, Intel, Jaguar, Nissan, Honda, Daimler, Baidu, Aptiv, and Volvo.
Browse Full Report Summary @ https://www.gminsights.com/industry-analysis/autonomous-car-market
Table of Contents (ToC) of the report:
Self-driving Car Market - Charts & Figures
FIG 1 Global market, 2015 - 2024 (Units)
FIG 2 Components of self-driving vehicles ecosystem
FIG 3 Autonomous Cars ecosystem analysis
FIG 4 Market evolution analysis
FIG 5 Patent analysis
FIG 6 Growth potential analysis
FIG 7 Porter’s analysis
FIG 8 PESTEL analysis
FIG 9 SWOT Analysis, Aptiv PLC
FIG 10 SWOT Analysis, Autoliv Inc.
FIG 11 SWOT Analysis, Baidu Inc.
FIG 12 SWOT Analysis, BMW AG
FIG 13 SWOT Analysis, Bosch GMBH
FIG 14 SWOT Analysis, Continental AG
FIG 15 SWOT Analysis, Daimler AG
FIG 16 SWOT Analysis, Fait Chrysler Automobiles
FIG 17 SWOT Analysis, Ford Motor Company
FIG 18 SWOT Analysis, General Motors Company
FIG 19 SWOT Analysis, Honda Motor Company Ltd.
FIG 20 SWOT Analysis, Hyundai Motor company
FIG 21 SWOT Analysis, Intel Corporation
FIG 22 SWOT Analysis, Jaguar Land Rover Limited
FIG 23 SWOT Analysis, Nissan Motor Company Ltd.
FIG 24 SWOT Analysis, Nvidia Corporation
FIG 25 SWOT Analysis, Subaru of America, Inc.
FIG 26 SWOT Analysis, Tesla Inc.
FIG 27 SWOT Analysis, Toyota Motor Corporation
FIG 28 SWOT Analysis, Uber Technologies Inc.
FIG 29 SWOT Analysis, Volkwagon Group
FIG 30 SWOT Analysis, Volvo Car Corporation
FIG 31 SWOT Analysis, Waymo
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/autonomous-car-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Info:
Name: Arun Hegde
Organization: Global Market Insights, Inc.
Address: 4 North Main Street Selbyville, Delaware 19975 USA
Phone: 1-888-689-0688
Website: https://www.gminsights.com/pressrelease/autonomous-car-market
Source URL: https://marketersmedia.com/north-america-self-driving-car-market-to-register-14-gains-to-2024/455887
Source: MarketersMedia
Release ID: 455887
More News
How to avoid getting stung if you miss credit card payments
People are increasingly falling behind on credit card repayments, so here's the best way to get debt advice.
America’s Favorite Fruit Is Being Bruised by the Iran War
The journey of one banana from farm to store shows how the war’s economic effects have cascaded into some surprising industries.
Healey faces £35bn Budget challenge to meet spending pledges, says think tank
The Institute for Fiscal Studies says the government will need a "top-up" of billions of pounds if it wants to meet its spending plans.
Campaigners claim minister attempting to undermine 'Holiday Hunger Bill'
The education minister has warned it would immediately cost his department £20m a year at a time when it is already struggling to balance its budget.
AI is less regulated than milk, says Microsoft president
Brad Smith calls for global rules on AI, and says the UK is in the "best position" to lead the charge.
Why some have no choice but to pay costly oil prices
The rural communities vulnerable to heating oil prices rises as the weather gets colder.
Documents falsified to evade tax on Abramovich's wealth, BBC finds
Backdated paperwork also made the Russian oligarch’s yachts and mansions disappear from accounts, investigation finds.
China's growth offers opportunity over shock, experts say
After four days touring the frontlines of China's economic evolution, from Xinyu, an age-old manufacturing hub reinventing itself with advanced industries, to the bustling entrepreneurial engine of Wenzhou, the cradle of the country's private sector, a group of former international political leaders and scholars converged in Beijing on Sunday for the Mingde Strategic Dialogue 2026.
Roofing scammers con homeowners out of thousands of pounds
One in 10 scams reported to Citizens Advice relate to fraudsters charging for work not done, or done badly.
Trump faces growing backlash over plans to import diesel from Russia
Both Republican and Democratic lawmakers have criticised the deal, which was announced weeks before the US midterm elections.
Citroen revives the 2CV for an electric age
The French firm is reinventing the classic model as carmakers come under pressure from Chinese rivals.
Ukraine strikes Yandex data centre in third attack on Russian tech giant
It is the third time this week that Ukraine has targeted Russian tech giant Yandex, forcing the company to suspend its operations.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.