Self-driving Cars and Trucks Market Outlook
Self-driving Cars and Trucks Market By Component (GPS Navigation System, Radar Sensor, Central Computing System, Video Cameras, Ultrasound Sensor and LiDAR Senor) and Application (Defense, Industrial and Commercial) – Global Industry Analysis And Forecast To 2025
The self-driving vehicles otherwise referred to as the autonomous vehicle or the driverless vehicle is the vehicle which is equipped for detecting its condition and moving with practically no or little human input. These vehicles consolidate an assortment of different sensors to see the environment, for example, the radar, sonar, odometry, computer vision, GPS, Lidar and the inertial estimation units. The development in the control systems translates the data to recognize the navigation ways, and the obstructions and the applicable signage. The technology is utilized for providing safe & efficient transport systems. Therefore, the Self-driving Cars and Trucks Market is anticipated to expand and has tremendous scope during the forecast period. The global Self-driving Cars and Trucks Market anticipated to flourish in the future by growing at a significantly higher CAGR.
Market Segmentation
Based on Component the market is segmented into GPS Navigation System, Radar Sensor, Central Computing System, Video Cameras, Ultrasound Sensor and LiDAR Senor. The Central Computing System section is leading the market as the this section is considered as the brain of other components.
Based on Application the market is segmented into Defense, Industrial and Commercial. The technology of self-driving vehicles is growing due to increasing usage, increasing initiatives by the government for modifying the rules & regulations of the transport, increasing demand from the people for the technology and other factors.
Regional Insights
The North American region is leading the global Self-driving Cars and Trucks Market due to factor like; modifications in the rules & regulation to integrate the autonomous vehicles on the public roads.
SELF-DRIVING CARS AND TRUCKS MARKET, BY REGION
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Southeast Asia
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Columbia
- Rest of South America
- Middle East and Africa
- Saudi Arabia
- UAE
- Egypt
- Nigeria
- South Africa
- Rest of MEA
Competitive Analysis
The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and market share of the overall industry.
- Volkswagen AG
- Audi AG
- Toyota Motor Corporation
- BMW AG
- Volvo Car Corporation
- Daimler AG (Mercedes Benz)
- Nissan Motor Company
- Ford Motor Company
- Uber Technologies Inc.
- General Motors
- Tesla Inc.
- Google LLC
- Honda Motor Corporation
Some of the key questions answered by the report are:
- What was the market size in 2014 and forecast from 2015 to 2025?
- What will be the industry market growth from 2015 to 2025?
- What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
- What are the major segments leading the market growth and why?
- Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
Self-driving Cars and Trucks Market Classification
Self-driving Cars and Trucks Market, By Component, Estimates and Forecast, 2014-2025 ($Million)
- GPS Navigation System
- Radar Sensor
- Central Computing System
- Video Cameras
- Ultrasound Sensor
- LiDAR Senor
Self-driving Cars and Trucks Market, By Application, Estimates and Forecast, 2014-2025 ($Million)
- Defense
- Industrial
- Commercial
