The global Autonomous Cars Market was valued at 1,892 units in 2017 and is anticipated to grow at a CAGR of 82.7% during the forecast period.
An autonomous car is a driverless car developed to travel between destinations without a human operator. An autonomous car navigates to a predetermined destination without human intervention. Google is one of the primary market players involved in the development of autonomous cars. An autonomous car uses software to calculate an efficient route based on the destination. Other components enabling efficient functioning of autonomous cars include LIDAR, sensors, radar systems, artificial intelligence software, and GPS among others.
Request For Sample Of This Research Report @ https://www.polarismarketresearch.com/industry-analysis/autonomous-cars-market/request-for-free-sample
The demand for autonomous cars has increased over the years owing to rising concerns regarding road safety, and growing incidents of road accidents. Growing penetration of connected cars, and rising adoption of IOT further boosts the market growth. The increasing advancements in technologies, growing use of mapping software, and rising investments in R&D and technological innovation further supplement the growth of autonomous cars market. Increase in disposable income, and improving living standards would encourage consumers to invest in autonomous cars, thereby supporting market growth.
The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Autonomous Cars Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
Speak to Analyst to know more @https://www.polarismarketresearch.com/industry-analysis/autonomous-cars-market/speak-to-analyst
North America generated the highest revenue in 2017 owing to increasing incidents of road accidents and growing safety concerns. High disposable income, and improved living standards in the region support market growth. Technological advancements in the region, along with presence of leading market players is expected to boost the adoption of autonomous cars in North America.
Competitive Landscape and Key Vendors
The global autonomous cars market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.
The leading players in the autonomous cars market include General Motors, Alphabet Inc., Uber, Daimler, BYD, Nissan, Honda Motor Corporation, Tesla Motors, Bayerische Motoren Werke AG, and Mercedes-Benz among others.
Request For customization @https://www.polarismarketresearch.com/industry-analysis/autonomous-cars-market/request-for-customization
Key Segments
Automation Level
- Level 1
- Level 2
- Level 3
Component
- Camera
- Sensors
- Radars
- LiDAR
- Artificial Intelligence
- Others
Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
Complete Report with TOC Available @ https://www.polarismarketresearch.com/industry-analysis/autonomous-cars-market/
About us Polaris Market Research
Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.
We mainly focus on aiding our customers with substantial competitive intelligence, helping them to secure a competitive advantage in the market and accomplish sustainable growth in different market domains. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers. Through dedicated qualitative and quantitative primary and secondary market research and consulting assignments, we adeptly formulate competitive strategies to address business challenges for our clients through analyzing market trends and emerging technologies.
For More Information: www.polarismarketresearch.com
Media Contact
Company Name: Polaris Market Research and Consulting
Contact Person: Mr.Neel
Email: Send Email
Phone: +1-646-568-9980
Address:30 Wall Street 8th Floor New York City, NY 10005 United States
City: New York
State: New York 10005
Country: United States
Website: https://www.polarismarketresearch.com/industry-analysis/autonomous-cars-market/