The global self‑driving/autonomous cars and trucks market size
is anticipated to reach 4,223 thousand units by 2030, according to a new report
by Grand View Research, Inc., exhibiting a CAGR of 63.1% during the forecast
period. An autonomous vehicle is a combination of various sensors and
networking systems that assist computers in driving vehicles. Thus, several
technology providers such as Google Inc. and Tesla Motors have also entered the
market and are contributing to research and development of autonomous vehicles.
The automobile industry is dynamic and is witnessing
rapid advancements in terms of technologies. Several major players in the
industry, such as General Motors Company (GM), Volkswagen AG, Mercedes-Benz,
and Bayerische Motoren Werke AG (BMW), invest a significant part of their
revenue in research and development of technologies. Currently, there is a
growing trend of autonomous vehicles, thus attracting larger investments from
top players.
The autonomous cars and trucks market has been
segmented on the basis of application into transportation and defense. The
transportation segment has been bifurcated further into industrial and
commercial applications. Transportation is expected to have a greater market
share while the defense segment is expected to portray the highest growth over
the forecast period.
The North America region is slated to account for
the largest share in the autonomous cars and trucks market in 2020. Demand for
autonomous vehicles is expected to increase over the forecast period owing to
stern government regulations and rising adoption of self-driving vehicles in
U.S.
Full
Research Report On Global Self driving Cars and Trucks Market By Grand View
Research:
www.grandviewresearch.com/industry-analysis/driverless-cars-market
www.grandviewresearch.com/industry-analysis/driverless-cars-market
Further
key findings from the report suggest:
- Demand for driverless cars and trucks market is
expected to grow owing to rising number of regulations laid down by
governments of various developed and developing nations
- Market size of the defense segment is expected
to expand at the highest CAGR of 86.4% over the forecast period
- U.S., China, and Japan markets are expected to
witness significant growth over the forecast period owing to large-scale
testing activities and adoption of autonomous cars and trucks in the
transportation sector
- Audi AG; BMW AG; Daimler AG (Mercedes Benz);
Ford Motor Company; General Motors; Google LLC; Honda Motor Corporation;
Nissan Motor Company; Tesla, Inc.; Toyota Motor Corporation; Uber
Technologies, Inc.; Volvo Car Corporation; and Volkswagen AG are some of
the key market incumbents.
Browse
More Reports Of This Category By Grand View Research:
www.grandviewresearch.com/industry/automotive-and-transportation
www.grandviewresearch.com/industry/automotive-and-transportation
Grand View Research has segmented the global Self-driving/Autonomous Cars
and Trucks market on the basis of application and region:
Self-driving/Autonomous
Cars and Trucks Application Outlook (Volume, Thousand Units, 2020 - 2030)
- Transportation
- Industrial
- Commercial
- Defense
Self-driving/Autonomous
Cars and Trucks Regional Outlook (Volume, Thousand Units, 2020 - 2030)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Netherlands
- Sweden
- Asia
Pacific
- China
- Japan
- Singapore
- Australia
- South
America
- Brazil
- Middle
East and Africa
Access
Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/global-driverless-cars-market
www.grandviewresearch.com/press-release/global-driverless-cars-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For More
Information: www.grandviewresearch.com
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