Dublin, Dec. 28, 2020 (GLOBE NEWSWIRE) -- The "Autonomous Cars Global Market Opportunities and Strategies to 2030: COVID-19 Growth and Change" report has been added to ResearchAndMarkets.com's offering.
This report provides the strategists, marketers and senior management with the critical information they need to assess the global autonomous cars market.
The global autonomous cars market reached a value of nearly $818.6 billion in 2019, having increased at a compound annual growth rate (CAGR) of 12.7% since 2015. The market is expected to decline from $818.6 billion in 2019 to $772.8 billion in 2020 at a rate of -5.6%. The decline is mainly due to lockdown and social distancing norms imposed by various countries and economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it.
The market is then expected to recover and grow at a CAGR of 12.7% from 2021 ad reach $1,191.8 billion in 2023. The market is expected to reach $1,642.9 billion in 2025 growing at a CAGR of 17.4%, and $3,195.0 billion in 2030 growing at a CAGR of 14.2%.
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Description:
Where is the largest and fastest growing market for the autonomous cars market? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? the global autonomous cars market opportunities and strategies to 2030 report answers all these questions and many more.
The report covers the following chapters
- Executive Summary - the executive summary section of the report gives a brief overview and summary of the report
- Report Structure - This section gives the structure of the report and the information covered in the various sections.
- Introduction - the introduction section of the report gives brief introduction about segmentation by geography and segmentation by type, and by application.
- Market Characteristics - the market characteristics section of the report defines and explains the autonomous cars market. This chapter also defines and describes goods and related services covered in the report.
- Impact of COVID-19 - This section gives a brief about the impact of COVID-19 on the autonomous cars market.
- Global Market Size and Growth - This section contains the global historic (2015-2019) and forecast (2023F, 2025F, 2030F) market values, and drivers and restraints that support and restrain the growth of the market in the historic and forecast periods.
- Global Market Size and Growth - This section contains the global historic (2015-2019) and forecast (2023F, 2025F, 2030F) market values, and drivers and restraints that support and restrain the growth of the market in the historic and forecast periods.
- Regional Analysis - This section contains the historic (2015-2019), forecast (2019-2023F, 2025F, 2030F) market value and growth and market share comparison by region.
- Market Segmentation - This section contains the market values (2015-2019, 2019-2023F, 2025F, 2030F) and analysis for segment by type in the market.
- Regional Market Size and Growth - This section contains the region's market size (2019), historic and forecast (2015-2019, and 2023F, 2025F, 2030F) market values, and growth and market share comparison of major countries within the region. This report includes information on all the regions (Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa).
- Competitive Landscape - This section covers details on the competitive landscape of the global autonomous cars market, estimated market shares and company profiles of the leading players.
- Key Mergers and Acquisitions - This chapter gives the information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Trends and Strategies - This chapter describes the major trends shaping the global autonomous cars market. This section highlights likely future developments in the market and suggests approaches companies can take to exploit these opportunities.
- Market Opportunities and Strategies - This section includes market opportunities and strategies based on findings of the research. This section also gives information on growth opportunities across countries, segments and strategies to be followed in those markets. it gives an understanding of where there is significant business to be gained by competitors in the next five years.
- Conclusions and Recommendations - This section includes conclusions and recommendations based on findings of the research. This section also gives recommendations for autonomous cars companies in terms of product offerings, geographic expansion, marketing strategies and target groups.
- Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Growth in the historic period resulted from rapid urbanization, emerging countries growth, and favourable government initiatives in developing countries. Factors that negatively affected growth in the historic period were lack of infrastructure in developing countries, and high cost of autonomous vehicles. Going forward, increasing R&D investments for self-driving vehicles, supportive government initiatives, revolution in road safety, and technological innovations will drive the growth. Factors that could hinder the growth of the autonomous cars market in the future include stringent regulations, security and safety concerns, reductions in free trade, and impact of COVID-19.
The autonomous cars market is segmented by product type into Semi-Autonomous Cars, and Fully-Autonomous Cars. The semi-autonomous cars market was the largest segment of the autonomous cars market segmented by product type, accounting for 97.1% of the total in 2019. Going forward, the fully-autonomous cars segment is expected to be the fastest growing segment in the autonomous cars market, at a CAGR of 35.8%.
The autonomous cars market is also segmented by application into Civil, Offline Taxis, Ride Hailing and Ride Sharing, Robo Taxis, and Others. The civil market was the largest application segment of the autonomous cars market accounting for 67.2% of the total in 2019. Going forward, the ride hailing and ride sharing segment is expected to be the fastest growing segment in the autonomous cars market, at a CAGR of 10.4%.
Asia Pacific was the largest region in the global autonomous cars market, accounting for 44.1% of the total in 2019. It was followed by Western Europe, North America, and then the other regions. Going forward, the fastest-growing regions in the autonomous cars market will be the Middle East, and Africa, where growth will be at CAGRs of 12.3% and 12.2% respectively. These will be followed by Asia Pacific, Eastern Europe, where the markets are expected to grow at CAGRs of 11.5% and 11.0% respectively.
The global autonomous cars market is concentrated, with a small number of large players. The top ten competitors in the market made up to 70.0% of the total market in 2019. Major players in the market include Toyota Motor Corporation, Ford Motor Company, Daimler AG, General Motors Company, and Volkswagen AG
Amidst the unprecedented outbreak of corona virus, governments across the world are advising people to stay indoors and practice social distancing, to reduce the spread of the pandemic. This has decreased short-term potential growth opportunities for the autonomous cars market. COVID-19 pandemic has halted the manufacturing activity in the majority of countries, and resulted in supply chain disruptions. Besides, the pandemic is also expected to cause a delay in technology deployments in upcoming launches of autonomous cars.
To take advantage of the opportunities, the publisher recommends the autonomous cars companies to focus on AI based products, invest in cybersecurity, invest in fully automated cars, invest in virtual reality and augmented reality, focus on investing in light weight vehicle components, expand in developed markets, provide competitively priced offerings, leverage social media, participate in trade shows and events, increased requirement of R&D scientists and collaboration with taxi service providers.
Key Topics Covered:
1. Autonomous Cars Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
6. Introduction
6.1.1. Segmentation by Geography
6.1.2. Segmentation by Product Type
6.1.3. Segmentation by Application
7. Autonomous Cars Market Characteristics
7.1. Market Definition
7.2. Segmentation by Product Type
7.2.1. Semi-Autonomous Cars
7.2.2. Fully-Autonomous Cars
7.3. Segmentation by Application
7.3.1. Civil
7.3.2. Offline Taxis
7.3.3. Robo-Taxis
7.3.4. Ride Hailing and Ride Sharing
7.3.5. Others
7.4. Segmentation by Level
8. Autonomous Cars Market Trends and Strategies
8.1. Artificial Intelligence (AI) in Autonomous Cars Development
8.2. Improved Network Infrastructure for Autonomous Cars
8.3. Cyber Security of Autonomous Cars
8.4. Autonomous Driving (AD) Deployment in Shared Mobility and Commercial Fleets
8.5. Improvements in Hardware/Software Testing Capabilities for Autonomous Cab Services
8.6. Improved Vision and Depth Sensing Solutions
8.7. Full Automation Cars
8.8. Virtual Reality (VR) and Augmented Reality (AR) for Reduction of Costs and Increased Efficiency
8.9. Growing Focus on Light Weight Vehicle Components
8.10. Pre-Collision Assist and Pedestrian Detection Technology Adoption
9. Impact of COVID-19 on the Autonomous Cars Market
9.1. Negative Impacts on the Market
9.1.1. Production and Supply Chain Disruptions
9.1.2. Impact on Companies
9.2. Potential Growth in the Market Due to COVID-19
9.2.1. China
9.2.2. USA
9.3. Surveys on the Impact of COVID-19 on the Autonomous Cars Market
10. Global Autonomous Cars Market Size and Growth
10.1. Market Size
10.2. Historic Market Growth, 2015 - 2019, Value ($ Billion)
10.3. Forecast Market Growth, 2019 - 2023, 2025F, 2030F Value ($ Billion)
11. Global Autonomous Cars Market Segmentation
11.1. Global Autonomous Cars Market, Segmentation by Product Type, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Billion)
11.2. Global Autonomous Cars Market, Segmentation by Application, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Billion)
11.3. Global Autonomous Cars Market, Segmentation by Automation Level, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Billion)
12. Autonomous Cars Market, Regional and Country Analysis
12.1. Global Autonomous Cars Market, by Region, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Billion)
12.2. Global Autonomous Cars Market, by Country, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Billion)
Companies Mentioned
- Toyota Motor Corporation
- Ford Motor Company
- Daimler AG
- General Motors Company
- Volkswagen AG
- BMW AG
- Honda Motor Co., Ltd.
- Nissan Motor Co., Ltd.
- Volvo Car Group
- Tesla Inc.
- Hyundai Motor Company
- Volvo Group
- NIO
- Daimler AG
- PSA Group
- Renault
- Jaguar Land Rover
- Audi
- Vauxhall
- Mercedes-Benz
- Skoda
- Kia
- Haval
- Chevrolet
- Fiat
- W Motors
For more information about this report visit https://www.researchandmarkets.com/r/htsqj1
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