An autonomous vehicle is that type of vehicle which
can guide itself without the interference of human body. Moreover, an
autonomous vehicle is also known as robot car, self-driving vehicle or robot
car. From a starting point to a predetermined destination the autopilot mode is
using in various vehicles with the adaptive cruise control, anti-lock braking
systems, lasers, radar, active steering and GPS navigation technology.
Automakers are progressively aiming on autonomous vehicles to placate customer
requirement, to endure competitive and to develop their product portfolio. The driving
ability of the autonomous vehicles varies based on the automation levels. The
autonomous vehicles or driverless vehicles are those which can operate
themselves without any human interference, sensors, communication systems and
employing inbuilt software. The key players of this market are playing an
important role by dominating the highest market share across the globe by
adopting the effective strategies and policies after analyzing the key strength
of competitors which further proved to be beneficial for leading the fastest
market growth in the short span of time.
According to the report analysis, ‘Autonomous
Vehicle Market: Global Drivers, Restraints, Opportunities, Trends, And Forecasts
To 2023’ it is states that
there are several key players which are presently functioning in this sector
more significantly during the forecasted period by doing the significant
developments in the technology with the developed techniques of doing work
includes Apple, Google, Nissan Motor, Ford Motor, Intel, Volvo, General Motors,
Argus Cyber Security, nuTonomy, Almotive and Autoliv. In addition, with the
active working of the key players the nature of this market is become more
competitive and profitable for making the handsome amount of investment and
delivers the high return on investment. Not only has this, this will result in
an effective market growth during the forecasted period.
Although,
according to the research, the global autonomous vehicles market revenue is
anticipated to increase at an effective CAGR of 39.6% during the forecast
period of 2017-2027 reaching USD 126.8 billion by 2027. The trending developed
technology, artificial intelligence (AI), is anticipated to play an effective
role in the global autonomous vehicle market. The automakers and technical
vendors are investing in AI to thrive in the era of autonomous vehicles.
Furthermore, vehicle shared facilities such as car sharing/ taxi sharing will
reach a developed adoption rate as individuals are most likely to utilize these
kind of services because of the greater affordability and ease.In addition, the
region-wise segmentation analysis demonstrated that North America controls the
prominent market share followed by Europe. China, India, and Japan are the
proficient countries in the autonomous vehicles market. Under the segmentation
by product type, the software segment contributes an effective market share due
to the growing AI acceptance in vehicles.
The
acceptance rate of semi-autonomous vehicles is anticipated to increase at a
speedy rate as the consumers and enterprises are investing profoundly on
autonomous features. Therefore, in the near future, it is expected that the
market of autonomous vehicle will grow more significantly over the recent few
years.
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Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
