Download Sample Report PDF of Global Self-Driving Cars Market @ https://www.htfmarketintelligence.com/sample-report/global-self-driving-cars-market
The Global Self-Driving Cars Market was valued at USD 21780 Million in 2023 and is expected to reach USD 70467.92 Million by 2029, growing at a CAGR of 21.62% during 2023-2029.
Definition:
Self-driving cars, also known as autonomous vehicles or driverless cars, are vehicles that are capable of navigating and operating without human intervention. These vehicles use a combination of advanced technologies, sensors, cameras, radar, lidar, GPS, and sophisticated software algorithms to perceive their surroundings, make decisions, and control their movements on the road.
Market Trends:
Self-driving car technology continued to advance, with improvements in sensor technology, artificial intelligence, machine learning, and data processing capabilities. These advancements were making autonomous vehicles more reliable and safer.
Market Drivers:
Improved safety on the roads is one of the primary drivers of self-driving cars. Autonomous vehicles have the potential to significantly reduce human error, which is a leading cause of accidents. The promise of safer transportation was a compelling driver for both consumers and regulators.
Market Opportunities:
The emergence of autonomous vehicles presented a substantial opportunity for ride-sharing and mobility-as-a-service (MaaS) providers. Companies like Uber and Lyft were exploring self-driving car technology to reduce labor costs and expand their services. Autonomous ride-sharing could offer cost-effective and convenient transportation options.
Market Leaders & Development Strategies:
In Feb 2020, Toyota Motor Corporation invests USD 400 million in Pony.ai, an autonomous driving company, to expand their partnership in mobility services. The collaboration will focus on the development of autonomous driving technology as well as the deployment of mobility services. In June 2020, Ford Motor Company announced plans to launch its self-driving commercial business by 2022, using vehicles based on the Ford Escape Hybrid crossover. The company intended to begin testing alongside its current fleet of approximately 100 autonomous test vehicles based on the Fusion Hybrid sedan, which the company no longer manufactures. Ford had planned to launch a commercial self-driving vehicle business in 2021, but it was pushed back to 2022 due to the COVID-19 pandemic. In Sep 2021, Mercedes-Benz has announced that it will incorporate the first braincomputer interface (BCI) approaches into its ground-breaking VISION AVTR concept vehicle. A direct connection to the human brain supplements the biometric interaction with the vehicle. Following a brief calibration period, a BCI device attached to the user’s head analyses the measured brain waves and activates a predefined function. In Sep 2021, The venture capital arm of General Motors Co. announced an investment in the US-based startup Oculii. Which creates radar sensor software for selfdriving cars. With this investment, GM will be able to use Oculli’s low-cost software to improve radar resolution and scale up its partially automated vehicles and fully self-driving cars.
Global Self-Driving Cars Market Competitive Analysis
Know your current market situation! Not just new products but ongoing products are also essential to analyse due to ever-changing market dynamics. The study allows marketers to understand consumer trends and segment analysis where they can face a rapid market share drop. Figure out who really the competition is in the marketplace, get to know market share analysis, market position, % Market Share, and segmented revenue.
Players Included in Research Coverage: BMW AG (Germany), Daimler AG (Germany), Ford Motor Company (United States), General Motors (United States), Honda Motor Co., Ltd. (Japan), Tesla (United States), TOYOTA Connected Corporation (Japan, Nissan (Japan, Volkswagen AG (Germany), Waymo LLC (United States), Volvo Car Corporation (Sweden).
Additionally, Past Global Self-Driving Cars Market data breakdown, Market Entropy to understand development activity and Patent Analysis*, Competitors Swot Analysis, Product Specifications, and Peer Group Analysis including financial metrics are covered.
Avail Limited Period Offer /Discount on Immediate purchase @ https://www.htfmarketintelligence.com/request-discount/global-self-driving-cars-market
Segmentation and Targeting
Essential demographic, geographic, psychographic, and behavioural information about business segments in the Self-Driving Cars market is targeted to aid in determining the features the company should encompass in order to fit into the business’s requirements. For the Consumer-based market – the study is also classified with Market Maker information in order to understand better who the clients are, their buying behaviour, and patterns.
Self-Driving Cars Product Types In-Depth: Semi-Autonomous Vehicles, FullyAutonomous Vehicles
Self-Driving Cars Major Applications/End users: Transportation, Defense
Self-Driving Cars Major Geographical First Level Segmentation:
• APAC (Japan, China, South Korea, Australia, India, and the Rest of APAC; the Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)
Buy Now Latest Edition of Global Self-Driving Cars Market Report @ https://www.htfmarketintelligence.com/buy-now?format=1&report=3455
Research Objectives:
– Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
– To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
– To analyse the with respect to individual future prospects, growth trends and their involvement to the total market.
– To analyse reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
– To deliberately profile the key players and systematically examine their growth strategies.
FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
Get Detailed TOC and Overview of Report @ https://www.htfmarketintelligence.com/report/global-self-driving-cars-market
Thanks for reading this article, you can also make sectional purchase or opt-in for regional report by limiting the scope to only North America, ANZ, Europe or MENA Countries, Eastern Europe or European Union.
About Us:
HTF Market Intelligence is a leading market research company providing end-to-end syndicated and custom market reports, consulting services, and insightful information across the globe. HTF MI integrates History, Trends, and Forecasts to identify the highest value opportunities, cope with the most critical business challenges and transform the businesses. Analysts at HTF MI focuses on comprehending the unique needs of each client to deliver insights that are most suited to his particular requirements.
Contact Us:
Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Phone: +1 434 322 0091
sales@htfmarketintelligence.com