According to the latest report by IMARC Group “Autonomous Vehicle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, The global autonomous vehicle market experienced robust growth during 2015-2020. Looking forward, IMARC Group expects the market to continue its strong growth during
Autonomous vehicles (AVs), or self-driving cars, are designed to travel between destinations without a human operator. They can maneuver on their own or by human assistance by sensing the environment around them. They use artificial intelligence (AI) software, light detection and ranging (LiDAR), and RADAR sensing technology to monitor and form an active 3D map of the nearby environment. The advanced control systems also interpret the sensory inputs to detect signboards and avoid collisions. AVs utilize automated driving systems, allowing the vehicle to respond to external conditions that a human driver would manage.
Market Trends:
The global autonomous vehicle market is primarily driven by the growing safety concerns and advancement in automotive technology across the globe. AVs carry out situational analysis, motion planning and trajectory control, enabling independent mobility for non-drivers and disabled people. Governments of various countries are also adopting supportive regulatory frameworks and funding the development of autonomous vehicle infrastructure to promote auto-tech. Extensive investment in digital infrastructure and automotive industry is also positively impacting the market growth. Furthermore, autonomous vehicles offer comfort and flexibility to read, rest and work during the duration of the travel, and enhances the efficiency of the vehicle. These factors are expected to escalate their demand across the globe.
Request for a free sample copy of this report: https://www.imarcgroup.com/autonomous-vehicle-market/requestsample
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Autonomous Vehicle Market Coverage and Segmentation 2021-2026:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- AB Volvo
- AUDI Aktiengesellschaft (Volkswagen Group)
- Bayerische Motoren Werke AG
- Daimler AG
- Ford Motor Company
- General Motors
- Tesla Inc.
- Toyota Motor Corporation
- Uber Technologies Inc.
- Waymo LLC (Alphabet Inc.).
Explore full report with table of contents: https://www.imarcgroup.com/autonomous-vehicle-market
The report has segmented the market on the basis of Product Type, End-User and Region.
Breakup by Component:
- Hardware
- Software and Services
Breakup by Level of Automation:
- Level 3
- Level 4
- Level 5
Breakup by Application:
- Transportation and Logistics
- Military and Defense
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US
IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
