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.
Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/driverless-cars-market
https://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.
About Us:
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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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