Skip to main content

Global Autonomous Cars Market 2021-2028 Size, Share, Growth, Trends, Revenue, Competitive Landscape, Forecast Report

Written by Customer Service on . Posted in Mergers And Acquisitions.

Key Prominent Players Covered in the Autonomous Cars Market are Autoliv Inc., Aptiv, Waymo LLC, Robert Bosch GmbH, Daimler AG, Baidu, AutoX, Inc., Pony.ai, Ford Motor Company, HYUNDAI MOTOR GROUP, Volvo and Others

Pune, India, Nov. 23, 2021 (GLOBE NEWSWIRE) — The global autonomous cars market size was USD 1.45 billion in 2020. The market is projected to grow from USD 1.64 billion in 2021 to USD 11.03 billion in 2028 at a CAGR of 31.3% in the 2021-2028 period. This information is provided by Fortune Business Insights™ in its report titled, “Autonomous Cars Market, 2021-2028.” As per our researchers, the speedy development in sensor-processing technologies, adaptive algorithms, high-definition mapping, and the placement of infrastructure-to-vehicle and vehicle-to-vehicle communication technologies are reassuring numerous corporations to magnify their manufacturing capabilities and navigate vehicle automation to an elevated level.

Furthermore, giant businesses associated with automobile manufacturing are promptly adopting Artificial Intelligence (AI) and Machine Learning (ML) technologies and implementing them in automobile manufacturing. For instance, according to Washington Post, Tesla cars, which have been introduced as self-driving cars, are loaded with the latest technologies such as progressive hardware capability of offering autopilot programs, and completely self-driving abilities, via the software updates intended to augment operations as time passes.


Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/autonomous-cars-market-100141

Moreover, Tesla’s Autopilot AI crew directs the future of self-sufficiency of present and novel generations of automobiles. This is expected to drive the market growth during the forecast period.

COVID-19 Pandemic Augmented Implementation of Self-directed Automobiles

The COVID-19-persuaded health issues have substantially impacted the mobility and transportation sector owing to the factor that travelers are inclined towards private transport modes. Furthermore, shifting shopping practices owing to COVID-19 has further instigated logistics and marketing to regulate according to the fluctuating scenarios on account of the surging prominence of e-commerce. These aspects are sturdily swaying the demand for autonomous vehicles amongst industries and customers.

Numerous customers have moved to e-commerce on account of lockdown norms and other associated issues. For example, as per the Voice of the Industry, COVID-19 analysis directed by Euromonitor International in 2020 stated that 54% of the assessed population specified a strategy to eternally upsurge online expenditure, whereas 28% have decided to permanently decline visits to shops and stores physically.


To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit: https://www.fortunebusinessinsights.com/industry-reports/autonomous-cars-market-100141

Extensive Implementation of ADAS to Enhance Market Growth

Advanced driver assistance systems (ADAS) aid drivers via their artificial intelligence (AI) and various other innovative characteristics, thus evading interruptions and plummeting the burden on the driver. The prompt acceptance of progressive technologies in software algorithms, cameras, sensors, processors, and mapping has upgraded the application process of ADAS in automobiles. Additionally, increasing issues of the protection and security of cars, inhabitants, and walkers and to decrease the rate of road mortalities, automobile producers are integrating ADAS in cars, therefore stimulating the autonomous cars market growth.


Quick Buy – Autonomous Cars Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/100141

Key Player Focus on Widespread Research & Development Activities

Crucial players are often seen applying effective schemes and strategies in order to conquer the market and set a prominent footprint in their respective industries.

For instance, Robert Bosch GmbH is an international player in the sector of autonomous car technology. The disposition of a wider variety of advanced driver-aiding solutions and the expansion of self-driving vehicles for the smart and secure age of movement are the main ideas of the company. Likewise, the endless R&D struggles by the corporation are resulting in the formation of advanced technologies, which are a few of the substantial aspects accountable for the supremacy of the company.


Industry Development

February 2020: Pony.ai, which is an autonomous driving corporation, raised nearly USD 400 million from Toyota Motor Corporation in order to extend their collaboration in mobility services. The alliance is estimated to enhance self-directed driving technology, along with install mobility services.

List of Key Players Covered in this Market Report

  • Autoliv Inc.  (Stockholm, Sweden)
  • Aptiv (Dublin, Ireland)
  • Waymo LLC ( California, United States)
  • Robert Bosch GmbH ( Gerlingen, Germany)
  • Daimler AG  ( Stuttgart, Germany)
  • Baidu (Beijing, China)
  • AutoX,  Inc. (California, United States)
  • Pony.ai (Fremont, California, United States)
  • Ford Motor Company (Michigan, United States)
  • HYUNDAI MOTOR GROUP (Seoul, South Korea)
  • Volvo (Gothenburg, Sweden)


About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.


Contact Us:

Fortune Business Insights™ Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune – 411045, Maharashtra, India.

Phone:

US : +1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email: sales@fortunebusinessinsights.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.