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(USGovernment-News.Com, January 17, 2023 ) The report published by Maximize Market research, on “Autonomous or Self- Driving car Market”, covers an extensive regional analysis and competitive landscape. The report expects, the market to growth from 20.5 Mn. Units in 2021 to 56.46 Mn. Units in 2029 at a CAGR of 13.5%.
Autonomous / Self- Driving Car Market Scope and Research Methodology
The market study for autonomous / self-driving cars goes into great detail regarding the market's drivers, challenges, restraints, and opportunities. The research analyses current industry trends to aid clients in identifying opportunities and creating market strategies.
The market size in terms of value and volume by various segments was validated using a bottom-up approach. Both primary and secondary data gathering approaches were used to get the data. The main primary methods includes surveys, distributing questionnaires, and conducting telephone interviews with experts in the field, market leaders, business owners, and marketers. To ensure that the inferences were as reliable as possible, secondary data was gathered from a variety of sources. Official databases of organisations and government sites, industry journals, white papers, annual reports, releases of product manufacturers and suppliers in the industry along with paid databases.
Safety offered by the self-driving car is expected to increase demand in the market during the forecast period. Technological advancement in segment can save enormous amount of lives, which are lost in road accidents due to human error in judgement. This invention in cars can minimize the road accident by reducing dependency on human. This factor is expected to drive the autonomous / self-driving car market.
Autonomous / Self- Driving car Market Regional Insights
In 2021, the Asia Pacific region dominate the global market with significant market size. The Asia Pacific region is expected to experience considerable growth during the forecast period. The market for autonomous / self-driving vehicles is being propelled by a number of factors, including rising customer expectations for a convenient, safe, and convenient driving experience, rising disposable income globally, and strict safety regulations everywhere.
Autonomous / Self- Driving car Market Segmentation
By Component
Camera Unit, LiDAR, Radar Sensor, Ultrasonic Sensor, Infrared Sensor
By Mobility
Shared Mobility, Personal Mobility
By Level of Autonomy
L1, L2, L3, L4, L5
Autonomous / Self- Driving car Market Key Manufacturers include:
Audi AG, BMW AG, Daimler AG, Ford Motor Company, General Motors Company, Google LLC, Honda Motor Co., Ltd., Nissan Motor Company, Tesla, Uber Technologies, Inc., Volvo Car Corporation, Volkswagen AG
Maximize Market Research is leading automotive and transportation research firm, has also published the following reports:
Off-Highway Electric Vehicle Market - Off-Highway Electric Vehicle Market was valued at USD 4.45 Billion in 2021, and is expected to reach USD 40.28 Billion by 2029, exhibiting a CAGR of 31.7 % during the forecast period (2022-2029).
Motorhome Vehicle Market - The Motorhome Vehicle Market size was valued at USD 32.80 Bn. in 2021 and the total Motorhome Vehicle revenue is expected to grow at a CAGR of 8.4% from 2022 to 2029, reaching nearly USD 62.53 Bn.
About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 6,500 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors
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