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Market Research Report
Product code
1070630
Autonomous Vehicle Market by Level of Automation, Application, Drive Type, and Vehicle Type : Global Opportunity Analysis and Industry Forecast, 2021-2030 |
Autonomous Vehicle Market by Level of Automation, Application, Drive Type, and Vehicle Type : Global Opportunity Analysis and Industry Forecast, 2021-2030 |
Published: March 2, 2022
Allied Market Research
Content info: 207 Pages
Delivery time: 2-3 business days
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The autonomous vehicle is also known as a driverless vehicle or robotic vehicle. It is capable of sensing its surroundings and navigating without human intervention. It comprises advanced sensor technology, advanced driver assistance system (ADAS), complex algorithm processors, intelligent control systems, and actuators to gather information and perform tasks & responsive actions, such as steering, braking, and acceleration. Furthermore, it uses light detection & ranging (LiDAR), radio detection and ranging (RADAR) sensor technology to create & maintain an internal map of their surroundings. It is comparatively safer than human-controlled vehicles and helps reduce carbon dioxide emission in the environment.
Advancement in IoT and cloud-based platforms using sensors, cameras, cellular routers, and automation has led to significant investment in smart cities. Furthermore, the emergence of IoT and connected devices leads to smart transportation in smart cities. Presently, cloud-based solutions have completely developed. They can easily provide the backbone to build fully functional connected and autonomous vehicle systems with advanced deep learning frameworks that help collect, ingest, store, and analyze connected and autonomous vehicle data to support the development of autonomous vehicle technology.
Autonomous vehicle market is segmented on the basis of level of automation, component, application, propulsion type, vehicle type, and region. Depending on level of automation, it is segmented into level 1, level 2, level 3, level 4, and level 5 automation. On the basis of application, it is fragmented into civil, defense, transportation & logistics, and construction. As per propulsion type, it is divided into semi-autonomous and fully autonomous. According to vehicle type, it is bifurcated into passenger car and commercial vehicle. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the critical areas of investment. In addition, it includes Porter's five forces analysis to understand the competitive scenario of the industry and the role of each stakeholder. The report features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of the key players to increase their market share and sustain the intense competition in the industry.
The key players operating in the global autonomous vehicle market are AB Volvo, BMW AG, Daimler AG, Ford Motor Company, General Motors, Honda Motor Co., Ltd., Nissan Motors Co., Ltd., Tesla, Inc., Toyota Motor Corporation, and Volkswagen AG.