Semi-Autonomous and Autonomous Vehicles Market , in terms of volume, is projected to grow at a CAGR of XX % from 2019 to 2026.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Need for Semi-Autonomous and Autonomous Vehicles Market
- According to Bob Joop Goos, Chairman (International Organization for Road Accident Prevention) Over 90 percent of accidents accounting for human error
- As per data provided by WHO Without sustained action, road traffic crashes are predicted to become the seventh leading cause of death by 2030
According to maximize market research more than 92% of road accidents across the globe are caused primarily due to human errors. With the adoption of autonomous vehicles, also known as driverless vehicles could save a significant number of lives. Autonomous vehicles can drive themselves without any human intervention, capable to read and sense the environment and operates without human input with the employment of inbuilt software, sensors, and communication systems. Many major players are aggressively focusing on the development of semi-autonomous and fully autonomous vehicles to satisfy customer demand and to remain competitive.
Rising concerns about vehicle safety, security and efficient driving experience and increasing Integration of Technology in the automotive sector are trending the overall semi-autonomous and autonomous vehicles market. However, High system integration Cost and less Consumer acceptance of automation will restrain the market growth. The highest revenue-generating region is North America 2016; Followed by Europe. Increased customer base and high disposable income of end-users in these regions are driving the demand for high-end vehicles and ultimately lead to increasing R&D innovations by local and international automotive OEMs in North America and Europe region.
Key Highlights:
- Assessment of market definition along with the identification of key players and analysis of their strategies to determine the competitive outlook of the market, opportunities, drivers, restraints, and challenges for Semi-Autonomous and Autonomous Vehicles Market during the forecast period
- Complete quantitative analysis of the industry from 2018 to 2026 to enable the stakeholders to capitalize on the prevailing market opportunities
- In-depth analysis of the industry on the basis of market segments, market dynamics, market size, competition & companies involved value chain
- Semi-Autonomous and Autonomous Vehicles Market analysis and comprehensive segmentation of Semi-Autonomous market based on a level of automation, component, ADAS features, fuel type and geography (region wise) and Autonomous Vehicles market based on component, fuel type and geography (region wise) and geography to assist in strategic business planning
- Semi-Autonomous and Autonomous Vehicles Market analysis and forecast for five major geographies North America, Europe, Asia Pacific, Middle East & Africa, Latin America, and their key regions
Research Methodology:
The research methodology used in this report contains various secondary sources including the International Organization of Motor Vehicle Manufacturers (OICA), China Association of Automobile Manufacturers (CAAM). Bloomberg, Hoovers, Factiva are some of the sites that are being referred to gain insights about Semi-Autonomous and Autonomous Vehicles Market. Experts from top manufacturing companies along with other stakeholders have been considered. This is done to validate and collect critical information for evaluating trends related to this market during the forecast period. Top-down and bottom-up approaches have been used to estimate the global and regional size of this market. Data triangulation techniques along with other comparative analysis are also used to calculate the exact size of the Semi-Autonomous and Autonomous Vehicles Market globally.
Key Players in the Semi-Autonomous and Autonomous Vehicles Market Are:
- Infineon Technologies
- Continental
- Robert Bosch
- NXP Semiconductor
- Texas Instruments
- Renesas Electronics
- Valeo
- Magna
- ZF
- Delphi
- Denso
- Cisco
Key Target Audience:
- Research and Consulting Firms as well as Venture capitalists and startup companies
- Component and Raw Material Suppliers
- Tier 1 manufacturers & Automotive associations
- A government, Legislative and Regulatory Bodies
- Vehicle manufacturers/OEMs Traders and Stakeholders Operating In the Sector
- Automotive software providers
- Technology Providers & Software Developers
- Service Suppliers
The scope of the Semi-Autonomous and Autonomous Vehicles Market:
Research report categorizes the Semi-Autonomous and Autonomous Vehicles Market based on the level of automation, component, ADAS features, fuel type, and geography (region wise) and Autonomous Vehicles market based on component, fuel type, and geography (region wise) Market size by value is estimated and forecasted with the revenues of leading companies operating in the Semi-Autonomous and Autonomous Vehicles Market with key developments in companies and market trends
Semi-Autonomous and Autonomous Vehicles Market, By Level of Automation:
- Level 1
- Level 2
- Level 3
Semi-Autonomous and Autonomous Vehicles Market, By Component Type:
- Artificial Intelligence (AI)
- Camera
- LiDAR
- Radar
- Ultrasonic Sensor
Semi-Autonomous and Autonomous Vehicles Market, By ADAS Features:
- Lane Assist (LA)
- Crash Warning System (CWS)
- Blind Spot Detection (BSD)
- Adaptive Cruise Control (ACC)
- Smart Park Assist (SPA)
- Cross-Traffic Alert (CTA)
- Automatic Emergency Braking (AEB)
- Traffic Jam Assist (TJA)
- Intelligent Park Assist (IPA)
Semi-Autonomous and Autonomous Vehicles Market, By Fuel Type:
- Internal Combustion Engine (ICE)
- Hybrid Electric Vehicle (HEV)
- Battery Electric Vehicle (BEV)
Semi-Autonomous and Autonomous Vehicles Market, By Geography:
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
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Global Semi-Autonomous & Autonomous Vehicles MarketThe GMI Research stipulates that the Semi-Autonomous & Autonomous Vehicles Market is witnessing an augmentation in demand over the forecast period.
This is mainly due to the growing concern towards road safety by transport authorities, increasing integration of advanced technologies like internet of things, and the emphasis on research and development by automotive producers.Introduction of the Semi-Autonomous & Autonomous Vehicles MarketAn autonomous vehicle refers to the vehicle that does not require any human interference.
They are basically executed by sensing the environment and navigating.
These vehicles have the potential to drive with the help of radars, sensors, and artificial intelligence but require humans to counter a situation that they cannot manage.Leading Players of the Market:Continental AGRobert Bosch GmbHDenso CorporationZF Friedrichshafen AGMagna International IncInfineon Technologies AGNXP SemiconductorValeoTexas Instruments IncorporatedBorgWarner Inc.Semi-Autonomous & Autonomous Vehicles Market Dynamics The prominent drivers contributing to the growth of the global semi-autonomous & autonomous vehicles market include the augmenting demand for secure, effective, and dynamic driving options followed by the enlargement in connected vehicle technology.
These vehicles help to reduce traffic obstruction resulting in enhanced delivery of goods & services.
In addition, they provide enhanced better fuel efficiency owing to their potential to decelerate and accelerate more intensely than a human driver and capability to operate for a more extended period with little human input, which is further supplementing the market growth.
According to the new market research report "Semi-Autonomous & Autonomous Truck Market By Level of Automation (Level 1, Level 2 & 3, Level 4, and Level 5), Propulsion (Diesel, Electric, and Hybrid), Application, Truck Class, ADAS Features, Sensor, and Region - Global Forecast to 2030" The global semi-autonomous truck market size is projected to grow from 948 thousand units in 2020 to reach 3,254 thousand units by 2025, at a CAGR of 28.0%The global autonomous truck market size is projected to grow from USD 460 million in 2024 to reach USD 1,550 million by 2030, at a CAGR of 22.4%.The growth of the semi-autonomous truck market can be attributed to the increasing road accidents, the need for efficient truck operations, and demand for ADAS features in the trucks.
Government bodies across the world have started regulating the safety standards in trucks to reduce fatalities in road crashes.Factors such as shortage of drivers, companies eyeing a reduction in delivery & transportation cost, and increasing research and development in technologies such as V2X, 5G, connected trucks, ADAS, and platooning will drive the market for autonomous trucks in the forecast.
The pandemic COVID-19 might benefit the autonomous truck market, as companies will be looking for autonomous options for delivering and shipping to the customers.The global semi-autonomous truck market is dominated by major players such as Continental (Germany) Bosch (Germany), Aptiv (UK), AB Volvo (Sweden), and Denso (Japan).
On the other hand, Embark (US), Tesla (US), TuSimple (US), Caterpillar (US), and Waymo (US) are some of the companies that are focusing on developing autonomous trucks.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=224614273North America is expected to lead the global market during the forecast periodNorth America is the technology leader in autonomous technology.
Tesla will enter the market soon with its ‘Cybertruck’ having all the semi-autonomous features and an optional autonomous driving feature as well.The last-mile delivery truck segment is expected to be the largest market during the forecastUsing autonomous last-mile delivery trucks can help companies save 40% of the total cost.
Also, the shortage of human delivery driver/personnel and increasing e-commerce will be driving the autonomous truck market for last-mile delivery applications.
