The Autonomous Vehicle Market Is Rapidly Grabbing Market Shares Owing to Advanced Technology and Growth in AI


Research Beam added a report, Autonomous Vehicle Market by Level of Automation (Level 3, Level 4, and Level 5), and Component (Hardware, Software, and Service), Application (Civil, Robo Taxi, Ride Hail, Ride Share, Self-driving Truck, and Self-Driving Bus) – Global Opportunity Analysis and Industry Forecast, 2019-2026”. The study provides a bird’s eye view of the entire market. It covers the key benefits for stakeholders and the research methods used to gather the information. The report also includes an executive summary of the market, market overview, market segmentation, market drivers and restraints, market trends, market forecast, and the company profiles.

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The market overview section covers information on the market definition and scope, key findings, the Porter’s Five Forces Analysis, the competitive landscape, market share analysis, and market dynamics. The key findings comprise the top factors impacting the market, top investment pockets, and top winning strategies. The Porter’s Five Forces Analysis include low-to-high bargaining power of suppliers, the moderate-to-high threat of new entrants, the moderate threat of substitutes, moderate intensity of rivalry, and low-to-moderate bargaining power of buyers.

The report provides an analysis of the market share, covering the global market share analysis by value and volume, U.S. market share analysis by value and volume, market share analysis by auto suppliers, market share analysis by technology providers, and market share analysis by civil and commercial vehicle.

The market dynamics give a detailed information on the drivers that lead to sales, opportunities, and drawbacks that are associated with the autonomous vehicle’s market. Factors such as improved safety, reduction in traffic congestion, the growth of connected infrastructure, the transition from ownership to mobility-as-a-service (MaaS) provide an impetus to the market growth. On the other hand, the high cost associated with the manufacturing of autonomous vehicles and data management challenges are likely to slow down the growth of the industry. Furthermore, the development of smart cities and supportive government regulations provide opportunities for the market growth.

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The report also provides a detailed overview of the segments in the autonomous vehicle market. The market is segmented based on the level of automation, component, application, and region. Based on the level of automation, the market is divided into level 3, level 4, and level 5. Based on component, the market is bifurcated into hardware, software, and services. Based on application, the market is segmented into civil, robo taxi, ride hail, rideshare, self-driving truck, and self-driving bus. By region, the market analysis covers North America, Europe, Asia-Pacific, and LAMEA.

The key market players profiled in the report are AB Volvo, Autoliv, Inc., BMW, BMW-Intel-FCA Alliance, Daimler AG, Ford Motor Company, General Motors Company, Groupe PSA, Intel Corporation, Mitsubishi Motors Corporation, Nissan Motor Co., Ltd., Renault SA, Renault-Nissan-Mitsubishi Alliance, Telefonaktiebolaget lm Ericsson, Tesla, Inc., Toyota Motor Corporation, Volvo-Autoliv-Ericsson-Zenuity Alliance, Volkswagen AG, and Zenuity AB. The report outlines each of their business performance in the market along with their strategies that are required to capture the growing sector.

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