Global driverless cars market expected to reach approximately USD 26.58 billion by 2024, growing at a CAGR of 25.7% between 2018 and 2024. Revolution in the automotive industry has led to the innovation of driverless cars also known as autonomous cars or self-driving cars.
Driverless Cars Market
The report covers forecast and analysis for the driverless cars market on a global and regional level. The study provides historic data of 2015-2017 along with a forecast from 2018 to 2024 based on revenue (USD Billion). The study includes drivers and restraints for the driverless cars market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the driverless cars market on a global level.
This report offers comprehensive coverage of the global driverless cars market along with, market trends, drivers, and restraints of the driverless cars market. This report includes a detailed competitive scenario and the product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the driverless cars market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. This report is prepared using data sourced from in-house databases, secondary and primary research team of industry experts.
The study provides a decisive view of the driverless cars market by segmenting the market based on technology, sensor type, hardware, and regions. All the segments have been analyzed based on present and the future trends and the market is estimated from 2018 to 2024. By technology, the market is divided into partially autonomous, and fully autonomous. Further, by sensor type market is categorized as ultrasonic, radar, LIDAR, an image sensor, and others. Furthermore, by component market is classified as hardware and software. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The report covers a detailed competitive outlook including the market share and company profiles of some of the key participants operating in the global driverless cars market include Cruise Automation, Mobileye, Waymo, Nokia, Nvidia, Audi, BMW, Ford, Google, General Motors, Tesla, Volkswagen, Volvo, Toyota, Baidu, and Jaguar.
The report segments the global driverless cars market as follows:
Global Driverless Cars Market: Technology Segment Analysis
Global Driverless Cars Market: Sensor Type Segment Analysis
Global Driverless Cars Market: Component Segment Analysis
Global Driverless Cars Market: Regional Segment Analysis