Global Self-driving Cars Market Report Size, Trends & Growth Opportunity, By Organization Size, By Type, By End Users, By Deployment, By Region and forecast till 2027
Report ID : QR1001331 | Industries : Automotive and Transportation | Published On :January 2022 | Page Count : 236Global Self-driving Cars Market
Self-driving Cars are automated cars which feature all the main competencies of traditional cars. self-driving car is also known as autonomous car, robotic car or driverless car. Self-driving car uses artificial intelligence (AI) software, light detection & ranging (LiDAR), and RADAR sensing technology, that 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 among the destinations without a human operator.
Market Drivers
Introduction of AI-based camera systems for self-driving applications is one of the major drivers of the market. self-driving car developers are concentrating on the development and adoption of AI-based cameras as these systems offer safety features, such as adaptive cruise control, adaptive headlamp control, traffic sign recognition, forward collision warning, pedestrian detection, and automated braking.
Increasing developments in autonomous shared mobility is also a one of the driving factor of the market. Self-driving cars can operate with little or no human intervention. These vehicles are being developed for a reduction in accidents caused due to human errors, reduction in traffic congestion, and hassle-free transport. The development of autonomous vehicles will fuel the growth of ride-sharing.
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Market Restraints
Lack of required infrastructure in emerging countries is main restraining factor of the market. Self-driving cars require basic infrastructures such as well-organized roads, lane marking, and GPS connectivity for effective functioning. V2V and V2X communications also require adequate connectivity infrastructure. On highways, information such as lane change, object detection, the distance between vehicles, traffic, and services such as navigation and connectivity are critical in semi-autonomous and autonomous vehicles. In emerging countries, the development of IT infrastructure on highways is slow as compared to developed economies.
Market Segmentation
Self-driving Cars Market is segmented in to Component, System, Mobility Type, Electric Vehicle, Vehicle Type, Region.
On the basis of Component market is fragmented in to Camera Unit, LiDAR, Radar Sensor, Ultrasonic Sensor, Infrared Sensor. On the basis of System market is fragmented in to Adaptive Cruise Control (ACC), Adaptive Front Light (AFL), Automatic Emergency Braking (AEB), Blind Spot Detection (BSD), Cross Traffic Alert (CTA), Driver Monitoring System (DMS), Forward Collision Warning (FCW), Intelligent Park Assist (IPA), Lane Departure Warning (LDW) and Traffic Jam Assist (TJA). On the basis of Mobility Type market is fragmented in to Shared Mobility, Personal Mobility. On the basis of Electric Vehicle market is fragmented in to Battery Electric Vehicles (BEV), Hybrid Electric Vehicles (HEV), Plug-in Hybrid Electric Vehicle (PHEV), Fuel Cell Electric Vehicle (FCEV). On the basis of Vehicle Type market is fragmented in to Hatchback, Coupe & Sports Car, Sedan, SUV and Others. On the basis of Region market is fragmented in to North America, Europe, Asia Pacific, Latin America, Middle East.
Regional Analysis
North America is expected to dominate the market in the forecast period. Owing to factors like strong and established automotive company clusters and also being the home for the world's biggest technology companies like Google, Microsoft, Apple, etc the region has been a pioneer regard to autonomous vehicles.
The Asia Pacific region is also anticipated to be the fastest-growing self-driving cars market, by 2027, followed by Europe and North America. The market in this region is likely to grow at the highest rate throughout the forecast period owing to increased partnerships adopted by self-driving cars technology providers in this region.
Market Key Players
Some of the key players operating in Global Self-driving Cars Market are General Motors (US), Ford (US), Daimler (Germany), Volkswagen (Germany), Toyota (Japan) and Waymo (US).
Industry development
In September 2021, Honda Motor Co., Ltd. announced the start of a testing program for autonomous vehicles, which was a step toward an autonomous vehicle mobility service (MaaS) business in Japan, which Honda is planning to launch under collaboration with Cruise and General Motors.
In September 2021, General Motors Co's venture capital arm announced an investment in a startup Oculii based in the US. Which develops software for radar sensors for self-driving cars. This investment will allow GM to use Oculli's low-cost software to boost the resolution of radars and scale up its partially automated vehicles and fully self-driving cars.
In March 2021, Volvo Group has signed an agreement with NVIDIA to jointly develop the decision-making system of autonomous commercial vehicles and machines. Utilizing NVIDIA’s end-to-end artificial intelligence platform for training, simulation, and in-vehicle computing, the resulting system will be designed to handle fully autonomous driving on public roads and highways safely.
Global Self-driving Cars Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Self-driving Cars Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Self-driving Cars Market, By Component
5.1 Y-o-Y Growth Comparison, By Component
5.2 Self-driving Cars Market Share Analysis, By Component
5.3 Self-driving Cars Market Size and Forecast, By Component
5.3.1 Camera Unit
5.3.2 LiDAR
5.3.3 Radar Sensor
5.3.4 Ultrasonic Sensor
5.3.5 Infrared Sensor
6 Self-driving Cars Market, By System
6.1 Y-o-Y Growth Comparison, By System
6.2 Self-driving Cars Market Share Analysis, By System
6.3 Self-driving Cars Market Size and Forecast, By System
6.3.1 Adaptive Cruise Control (ACC)
6.3.2 Adaptive Front Light (AFL)
6.3.3 Automatic Emergency Braking (AEB)
6.3.4 Blind Spot Detection (BSD)
6.3.5 Cross Traffic Alert (CTA)
6.3.6 Driver Monitoring System (DMS)
6.3.7 Forward Collision Warning (FCW)
6.3.8 Intelligent Park Assist (IPA)
6.3.9 Lane Departure Warning (LDW)
6.3.10 Traffic Jam Assist (TJA)
7 Self-driving Cars Market, By Mobility Type
7.1 Y-o-Y Growth Comparison, By Mobility Type
7.2 Self-driving Cars Market Share Analysis, By Mobility Type
7.3 Self-driving Cars Market Size and Forecast, By Mobility Type
7.3.1 Shared Mobility
7.3.2 Personal Mobility
8 Self-driving Cars Market, By Electric Vehicle
8.1 Y-o-Y Growth Comparison, By Electric Vehicle
8.2 Self-driving Cars Market Share Analysis, By Electric Vehicle
8.3 Self-driving Cars Market Size and Forecast, By Electric Vehicle
8.3.1 Battery Electric Vehicles (BEV)
8.3.2 Hybrid Electric Vehicles (HEV)
8.3.3 Plug-in Hybrid Electric Vehicle (PHEV)
8.3.4 Fuel Cell Electric Vehicle (FCEV)
9 Self-driving Cars Market, By Vehicle Type
9.1 Y-o-Y Growth Comparison, By Vehicle Type
9.2 Self-driving Cars Market Share Analysis, By Vehicle Type
9.3 Self-driving Cars Market Size and Forecast, By Vehicle Type
9.3.1 Hatchback
9.3.2 Coupe & Sports Car
9.3.3 Sedan
9.3.4 SUV
9.3.5 Others
9 Self-driving Cars Market, By Region
9.1 Self-driving Cars Market Share Analysis, By Region
9.2 Self-driving Cars Market Share Analysis, By Region
9.3 Self-driving Cars Market Size and Forecast, By Region
10 North America Self-Driving Cars Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 North America Self-Driving Cars Market Share Analysis, By Component
10.3 North America Self-Driving Cars Market Size and Forecast, By System
10.4 North America Self-Driving Cars Market Size and Forecast, By Mobility Type
10.5 North America Self-Driving Cars Market Size and Forecast, By Electric Vehicle
10.6 North America Self-Driving Cars Market Size and Forecast, By Vehicle Type
10.7 North America Self-Driving Cars Market Size and Forecast, By Country
10.7.1 U.S.
10.7.2 Canada
10.7.3 Mexico
11 Europe Self-driving Cars Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Europe Self-driving Cars Market Share Analysis, By Component
11.3 Europe Self-driving Cars Market Size and Forecast, By System
11.4 Europe Self-driving Cars Market Size and Forecast, By Mobility Type
11.5 Europe Self-Driving Cars Market Size and Forecast, By Electric Vehicle
11.6 Europe Self-driving Cars Market Size and Forecast, By Vehicle Type
11.7 Europe Self-driving Cars Market Size and Forecast, By Country
11.7.1 Germany
11.7.2 France
11.7.3 UK
11.7.4. Rest of Europe
12 Asia Pacific Self-driving Cars Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Asia Pacific Self-driving Cars Market Share Analysis, By Component
12.3 Asia Pacific Self-driving Cars Market Size and Forecast, By System
12.4 Asia Pacific Self-driving Cars Market Size and Forecast, By Mobility Type
12.5 Asia Pacific Self-driving Cars Market Size and Forecast, By Electric Vehicle
12.6 Asia Pacific Self-driving Cars Market Size and Forecast, By Vehicle Type
12.7 Asia Pacific Self-driving Cars Market Size and Forecast, By Country
12.7.1 China
12.7.2 Japan
12.7.3 India
12.7.4. Rest of Asia Pacific
13 Latin America Self-Driving Cars Market Analysis and Forecast (2021-2027)
13.1 Introduction
13.2 Latin America Self-Driving Cars Market Share Analysis, By Component
13.3 Latin America Self-Driving Cars Market Size and Forecast, By System
13.4 Latin America Self-Driving Cars Market Size and Forecast, By Mobility Type
13.5 Latin America Self-Driving Cars Market Size and Forecast, By Electric Vehicle
13.6 Latin America Self-Driving Cars Market Size and Forecast, By Vehicle Type
13.7 Latin America Self-Driving Cars Market Size and Forecast, Country
13.7.1. Brazil
13.7.2. Rest of Latin America
14 Middle East Self-Driving Cars Market Analysis and Forecast (2021-2027)
14.1 Introduction
14.2 Middle East Self-Driving Cars Market Share Analysis, By Component
14.3 Middle East Self-Driving Cars Market Size and Forecast, By System
14.4 Middle East Self-Driving Cars Market Size and Forecast, By Mobility Type
14.5 Middle East Self-Driving Cars Market Size and Forecast, By Electric Vehicle
14.6 Middle East Self-Driving Cars Market Size and Forecast, By Vehicle Type
14.7 Middle East Self-Driving Cars Market Size and Forecast, By Country
14.7.1. Saudi Arabia
14.7.2. UAE
14.7.3. Egypt
14.7.4. Kuwait
14.7.5. South Africa
15 Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16 Company Profiles
16.1 General Motors (US)
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2 Ford (US)
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3 Daimler (Germany)
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 Volkswagen (Germany)
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 Toyota (Japan)
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 Waymo (US)
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies