Growth Projections By Component, Level Of Automation, Application, And Region

dWeb.News Article from Daniel Webster dWeb.News

By Daniel Webster, dWeb.News Publisher

DUBLIN, Nov. 25, 2021 /PRNewswire/ — The “Autonomous Vehicle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026” report has been added to ResearchAndMarkets.com’s offering.

The global autonomous vehicle market experienced robust growth during 2015-2020. Looking forward, the market is anticipated to grow at a CAGR of around 28% during 2021-2026. The market is experiencing significant growth due to rapid digitization and significant growth in the automobile industry. The market is also growing due to the need for safer and more efficient modes of transportation. Consumers are increasingly looking for AVs that have internet connectivity, safety alarms, automatic crashes notifications, and enhanced engine controls.

Other growth-inducing factors include the integration of artificial intelligence, robotics, machinelearning (ML), and the Internet of Things. AV manufacturers also use efficient light detection technology (LiDAR), radio detection and ranging technology (RADAR) for extensive monitoring and generation 3D maps. Other factors such as the adoption of favorable government policies for auto-tech and innovations in connected vehicle tech and dynamic mobility applications are expected to further drive the market.

Key Market Segmentation

The publisher provides an analysis of the key trends in each sub-segment of the global autonomous vehicle market, along with forecasts at the global, regional and country level from 2021-2026. The market has been categorized by region, component, level and application.

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

Breakup by Region

North America
Asia-Pacific
Europe
Latin America
Middle East and Africa

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players being:

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.)

Key Questions Answered in the Report

How has the global autonomous vehicle market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global autonomous vehicle market?

What are the major regional markets?

What is the breakdown of the market according to the component?
What is the breakdown of the market according to the level of automation?
What is the breakdown of the market according to the application?
What are the stages of the value chain?

What are the main driving forces and challenges facing the industry?

What is the market structure for autonomous vehicles globally? Who are the major players? What is the market structure for autonomous vehicles?

For more information about this report visit https://www.researchandmarkets.com/r/19n2sf

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

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SOURCE Research and Markets

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