A vehicle without the necessity of any human intervention is known as the autonomous vehicle market. Autonomous cars are vehicles that are accomplished by sensing the environment and navigating. In semi-autonomous cars, the accountability of driving is vicarious to the driver, and the technology is used in the vehicles for driver-air and safety features. Recognized auto-makers such as Nissan, Tesla, Mercedes-Benz, and Volvo have been powerfully focusing on evolving semi-autonomous cars in recent years.
MARKET SCOPE
The "Global Semi-Autonomous and Autonomous Vehicle Market Analysis to 2028" is a specialized and in-depth study of the semi-autonomous and autonomous vehicle market with a special focus on the global market trend analysis. The report aims to provide an overview of semi-autonomous and autonomous vehicle market with detailed market segmentation by component type, ADAS features, and fuel type. The report provides key statistics on the market status of the leading semi-autonomous and autonomous vehicle market players and offers key trends and opportunities in the semi-autonomous and autonomous vehicle market.
MARKET SEGMENTATION
- The global semi-autonomous and autonomous vehicle market is segmented on the basis of component type, level of automation, ADAS features, fuel type.
- On the basis of component type, the market is segmented as camera, LiDAR, radar, ultrasonic sensor, others.
- On the basis of level of automation, the market is segmented as Level 1, Level 2, level 3, Level 4, Level 5.
- On the basis of ADAS features, the market is segmented as lane assist (LA), crash warning system (CWS), blind spot detection (BSD), adaptive cruise control (ACC), smart park assists (SPA), cross traffic alert (CTA), automatic emergency braking (AEB), others.
- On the basis of fuel type, the market is segmented as internal combustion engine (ICE), hybrid electric vehicle (HEV), battery electric vehicle (BEV).
MARKET DYNAMICS
Drivers:
- Technology swap: The benchmark of the normal driving to advanced driving system.
- Industry towards reducing operating cost of vehicle in efficient way
Restraints:
- High cost.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Semi-Autonomous and Autonomous Vehicles Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Semi-Autonomous and Autonomous Vehicles Market in these regions.
IMPACT OF COVID-19 ON SEMI-AUTONOMOUS AND AUTONOMOUS VEHICLES MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the Semi-Autonomous and Autonomous Vehicles Market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Semi-Autonomous and Autonomous Vehicles Market market market are anticipated to lucrative growth opportunities in the future with the rising demand for Semi-Autonomous and Autonomous Vehicles Market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Semi-Autonomous and Autonomous Vehicles Market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Cisco Systems, Inc.
- Continental AG
- DENSO CORPORATION
- Infineon Technologies AG
- Magna International Inc
- NXP Semiconductors
- Robert Bosch GmbH
- Texas Instruments Incorporated.
- Valeo
- ZF Friedrichshafen AG
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.