Dallas, Texas, Feb. 28, 2020 (GLOBE NEWSWIRE) -- The "Autonomous Vehicle Market by Component (hardware, software & services), Vehicle Type (passenger cars, LCV, MCV, HCV), and Region, Global Forecast 2018 to 2025" study provides an elaborative view of historic, present and forecasted market estimates.
The global autonomous vehicle market size is projected to reach USD 13 billion by 2025.
The autonomous vehicle also termed as self-driving vehicle leverages technologies including RADAR, light detection and ranging (LiDAR), and artificial intelligence, which is utilized to detect a 60-meter radius around the vehicle and to produce an active 3D map of the present environment. Additionally, the vehicles are equipped with self-navigation technology that allows it to traveling to various destinations without manual intervention.
Request a pdf sample @ https://www.adroitmarketresearch.com/contacts/request-sample/464
Technological improvements are making a continuum between the traditional vehicles and autonomous vehicles, which partly or completely drive themselves. This continuum includes technologies such as adaptive cruise control (ACC), crash warning systems, self-parking technology, lane-keeping systems, among others that facilitate a vehicle to help and make assessments for a human driver.
Organizations around the globe are working on delivering autonomous vehicle's projected social benefits. These comprise the prospect of more efficient freight services and public transport, improved road safety, reduced environmental impact and cleaner cities with more room for green spaces and people. There are also probable challenges to mitigate, such as vast changes to labor markets as well as industries including cybersecurity and privacy risks, motor insurance, and greater suburban sprawl.
Browse the full report with Table of Content and List of Figures at https://www.adroitmarketresearch.com/industry-reports/autonomous-vehicles-market
On the basis of the component of autonomous vehicles, the market is categorized into hardware, and software & services. Autonomous vehicles include various technologies such as LiDAR, RADAR, computer vision, and GPS, to sense the nearby environment. Advanced control structures that are connected to the vehicle can understand the sensory inputs to avoid collisions or identify the signboards. Most of the autonomous vehicle systems produce and maintain an internal map of the environment, derived on a range of sensors, such as radars. In 2020, Sony is planning to introduce a silicon-based vision sensor dedicated to autonomous vehicles, thus, joining the global competition to advance in the LiDAR vision-sensing technology in the near future.
On the basis of region, North America dominated the global autonomous vehicles market in 2019 and is expected to do so over the forecast period 2020 – 2025. The region is presented potential prospects for key stakeholders owing to the obtainability of high-end infrastructure, government initiatives, and growing investments from automotive companies. Canada has experienced substantial growth, particularly due to vigorous government investments in technology that support IIoT solutions.
Direct purchase the single user copy @ https://www.adroitmarketresearch.com/researchreport/purchase/464
The major players of the global autonomous vehicles market are Audi, Google, BMW, Tesla Motors, Volvo, nuTonomy, General Motors, and Mercedes-Benz, among others. As of 2019, the market for autonomous vehicle has presence of several established global as well as domestic players across the globe. Moreover, the established companies are coming up with upgraded connected cars and autonomous vehicle technologies to offer innovative solutions to the end-users to capture a higher market share.
Major points from Table of Contents:
Chapter 1 Introduction
Chapter 2 Research Methodology
Chapter 3 Executive Summary
Chapter 4 Research Methodology
Chapter 5 Market Outlook
Chapter 6 Autonomous Vehicles Market by Component
Chapter 7 Autonomous Vehicles Market by Vehicle Type
Chapter 8 Autonomous Vehicles Market By Region
Chapter 9 Competitive Landscape
Chapter 10 Company Profiles
Access research repository of Upcoming Reports @ https://adroitmarketresearch.com/upcoming.html
About Us:
Adroit Market Research is a global business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market's size, key trends, participants and future outlook of an industry. We intend to become our clients' knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
Contact Us:
Ryan Johnson
Account Manager - Global
3131 McKinney Ave Ste 600
Dallas, TX 75204
Email ID: sales@adroitmarketresearch.com
Phone No.: +1 972-362 -8199
Connect with us: Facebook | Twitter | LinkedIn
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
