Autonomous vehicle is nothing but self-driving vehicles usages light detection & ranging,artificial intelligence software and RADAR sensing technology, which is further used to monitor a 60-meter range around the car and to form an active 3D map of the current environment. The vehicle is designed to travel between destinations without a human operator.They combine software andsensors to navigate, controland drive the vehicle. Autonomous vehicle uses LiDAR, RADAR sensors for its process. Most self-driving systems maintain and create an internal map of their surroundings, based on anextensive array of sensors, like radar. Autonomous vehicles or self-driving cars are a chief invention in the auto industry. These cars possess high development potential and act as the catalyst in the automobiles’ technological growths. Autonomous cars use technologies such as LIDAR, computer vision, GPSand RADAR to sense the environment. These cars are integrated with advanced control systems that can understand the sensory inputs to avoid a collision or detect the signboards.Furthermore, increased accidents across the globe foster the demand for autonomous vehicles. The critical factors that help increase the market are increased government mandates for developed driver-assistance systems features, including the basic safety systems like anti-lock braking systems and airbags.Nevertheless, autonomous vehicle dealers and manufacturers have shifted their focus from the offline lead generation model to online sales.

Global Autonomous Vehicle Market is projected to grow up to USD 471.2 million by 2027 growing at a CAGR of 18.7%during the forecasting period 2021-2027.

Report Scope

The global market report scope consists of a comprehensive study covering primary factors impacting the industry trends. The study includes analysis of regional and country-level market dynamics. The scope also consists of competitive overview offering company market shares coupled with company profiles for key revenue contributing companies. The report scope covers a detailed competitive outlook covering market shares and profiles of key participants in the market share.

Major Market Players

The key players of the market are General Motors, Daimler AG, Ford Motor Company., Volkswagen Group, BMW AG, Renault-Nissan-Mitsubishi alliance, Volvo-Autoliv-Ericsson-Zenuity alliance, Groupe SA, AB Volvo, Toyota Motor Corporation, and Tesla Inc.

The Global Autonomous VehicleMarket report has been categorized as below     

By Component

• Hardware
• Software
• Service

By Level of Automation

• Level 3
• Level 4
• Level 5

By Application

• Civil
• Robo taxi
• Ride hail
• Ride share
• Self-driving truck
• Self-driving bus.

By Region

• North America
• Europe
• Asia Pacific
• Rest of the World

The years considered for the study are as follows:

• Base year – 2020
• Estimated year – 2021
• Projected year – 2022
• Forecast period – 2021 to 2027

Key Questions Addressed by the Report

• New products/service competitors are exploring?
• Key players in the Autonomous Vehiclemarket and how extreme is the competition?
• What are the futuremarket trends that manufacturers are emphasizing on in the future updates?
• For each segment, what are the crucial opportunities in the market?
• What are the key growth strategies embraced by key market players in the market?
• What are the key success strategies adopted by major competitors in the market?

Why Buy this Report:

• Obtain comprehensive insights on the Autonomous Vehicle& market trends
• Note comprehensive analysis of the market status
• Identifies the market opportunities and growth segments
• Assessing business segments & product portfolios, and explain competitive dynamics
• Provide strategy planning and industry dynamics to strengthen decision making