According to a market report by Lucintel, the future of the autonomous car market looks promising with opportunities in the passenger cars, light commercial vehicle, and electric vehicles markets. The autonomous car market is expected to grow with a CAGR of 47% from 2019 to 2024. The major drivers for this market are the significantly growing number of accidents, supportive government initiatives and policies for the self-driving technology, high investment in R&D activities for the development of self-driving technology, and development of road and telecom infrastructure.
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In this market, passenger cars, light commercial vehicle, and electric vehicles are the major end use markets. Passenger car is the largest end use segment.
Within the autonomous car market, radar, ultrasonic, Lidar, and image are the major technology segment. Radar is the largest technology segment for autonomous cars.
North America will remain the largest region over the forecast period as the market witnesses a healthy demand for driverless cars.
Audi, BMW, Ford Motor Company, General Motors Company, Nissan Motor Company, Tesla Motors, Volvo Group, Toyota Motor Corporation, and Waymo are among the major manufacturers of autonomous cars.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the autonomous cars market by level of automation, by component, by fuel type, by end use, and by region. Lucintel has prepared a comprehensive research report titled "Autonomous Car Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the autonomous car market by level of automation, by component, by fuel type, by end use, and by region as follows:
By Level of Automation [$M shipment analysis for 2013 – 2024]
Level 1
Level 2
Level 3
Level 4
Level 5
By Component [$M shipment analysis for 2013 – 2024]
Radar
Ultrasonic
Lidar
Image
Others
By Fuel Type [$M shipment analysis for 2013 – 2024]
Internal Combustion Engine Vehicles (ICE)
Hybrid Electric Vehicle (HEV)
Battery Electric Vehicle (BEV)
By End Use [$M shipment analysis for 2013 – 2024]
Passenger Car
Small cars
Compact cars
Mid-Sized cars
Luxury cars
SUVs & Crossovers
Light Commercial Vehicle
Electric Vehicle
By Region [$M shipment analysis for 2013 – 2024]
North America
Europe
Germany
Russia
France
United Kingdom
Italy
Asia Pacific
Japan
India
South Korea
Indonesia
Turkey
China
The Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/autonomous-car-market.aspx or helpdesk@lucintel.com.
About Lucintel
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