A latest research provides insights about Semi-Autonomous and Autonomous Vehicle Market

Press Release

vehicle without the need of any human intervention. Many autonomous vehicles are being developed Autonomous cars are vehicles which are capable of sensing the environment and navigating the but these cars are still not permitted on public roads. In semi-autonomous cars the responsibility of driving is delegated to the driver and the technology is used in the vehicles for driver-air and safety feature. Established auto-makers such as Tesla, Nissan, Mercedes-Benz and Volvo have been strongly focusing on developing semi-autonomous cars in the recent years.

The global semi-autonomous and autonomous vehicle market is expected to witness swift growth during the forecast period, driven by the surge in demand for sophisticated and innovative technologies, increased research and development expenditure and growing inclination towards minimal driving errors. Further an increase in the global production of vehicles both in the developed and developing countries coupled with the rising need of highly secured cars and stringent government norms across the global is expected to bolster the market growth during the forecast period. However, high infrastructure and vehicle cost are posing to be a hindrance to the speedy growth of the global semi-autonomous and autonomous vehicle market. The high repair cost of these vehicles could further restrain the market growth as certain part of these vehicles are complicated and thus custom made, making them very expensive. The trust and dependence of customers to let technology take away partial or complete control on the vehicle would also play a significant role in shaping the market dynamics of semi-autonomous and autonomous vehicles.

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The global semi-autonomous and autonomous vehicle market can be segmented on the basis of vehicle type into semi-autonomous vehicles and autonomous vehicles. By components, the global market can be segregated into radar, engine control unit, fusion sensor, vision sensor, camera, ranging unit, control processing unit, 3D laser scanners and steering assist electronic control unit. Additionally, the market can be classified by technology into adaptive cruise control, lane keep assist, intelligent park assist, blind spot detection, emergency brake assist and adaptive front lighting for semi-autonomous vehicles and radar, lidar and ultrasonic for autonomous vehicles. Based on powertrain, the market can be segmented into conventional vehicles, electric vehicles and hybrid vehicles. The global semi-autonomous and autonomous vehicle market can be further classified geographically into North America, Europe, Asia Pacific, South America and Middle East and Africa. North America and Europe are leading the global market, owing to the increase in vehicle production in the recent years in developed countries like the U.S. and Germany, with OEMs catering to both the domestic and overseas demand. However, Asia Pacific is expected to witness the fastest growth rate during the forecast period from 2017 – 2025, owing to the increasing demand for passenger vehicles and a rising middle class. Further, this region is the home of established auto-makers such as Nissan, Honda and Toyota among others, who are offering semi-autonomous features. Changing lifestyles and increasing focusing on improving the roadway infrastructure is expected to strongly fuel the semi-autonomous and autonomous vehicle market growth in the coming years. 

The global semi-autonomous and autonomous vehicle market report provides the market share analysis of the key industry participants operating in the industry. The global market comprises a considerable number of eminent auto-makers. These players have been exhaustively profiled and their business overview, financial overview, business strategies and recent developments have been covered under the purview of the report. Some of the major players operating in the global semi-autonomous and autonomous vehicle market include Volvo, Mercedes-Benz, Volkswagen AG, Daimler AG, Nissan Motor Company Ltd, Robert Bosch GmbH, Continental AG, Delphi Automotive PLC, Google Inc., Cisco Systems, Inc., Visteon Corporation and Tesla Motors among others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on: Market segments and sub-segments Market trends and dynamics Supply and demand Market size Current trends/opportunities/challenges Competitive landscape Technological breakthroughs Value chain and stakeholder analysis

The regional analysis covers: North America (U.S. and Canada) Latin America (Mexico, Brazil, Peru, Chile, and others) Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg) Eastern Europe (Poland and Russia) Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand) Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report: A complete backdrop analysis, which includes an assessment of the parent market Important changes in market dynamics Market segmentation up to the second or third level Historical, current, and projected size of the market from the standpoint of both value and volume Reporting and evaluation of recent industry developments Market shares and strategies of key players Emerging niche segments and regional markets An objective assessment of the trajectory of the market Recommendations to companies for strengthening their foothold in the market    

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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