Autonomous Cars Market Size, Share, Trend, Forecast, & Industry Analysis: 2021-2026

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Presents a Research Report on
Autonomous Cars Market
The Autonomous Cars Market is Segmented by Level
of Autonomy (Level-1, Level-2, Level-3, and
Level-4), by Type (Internal Combustion Engine
(ICE) Vehicle, Hybrid Electric Vehicle (HEV), and
Battery Electric Vehicle (BEV)), and by Region.


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Autonomous Cars Market Growth and Forecast
Highlights Drivers

• Autonomous Cars Market is likely to witness a
  robust CAGR of more than 22.0, during the
  forecast period. The global market is
  significantly propelled by the increasing
  integration of digitization in the modern-day
  vehicles, supportive government initiatives,
  emphasis on vehicular safety, and policies for
  vehicular automation.
• Also, in the recent years, a number of automobile
  manufacturers have contributed to the development
  of either semi-autonomous or fully autonomous
  cars and they are actively engaged in the
  integration of automation features in the
  vehicles, which has immensely fueled the market
  growth.
• One of the major factors responsible for the
  market growth is the norms regulations set by
  the government, w.r.t passenger safety.
• Also, the mounting number of vehicular accidents
  globally, boost the demand for autonomous
  vehicles.
• Apart from the government support, there has been
  a surging demand for the advanced driver
  assistance systems (ADAS) in vehicles, which has
  resulted in accelerating the market progress.
• These factors are the primary drivers of the
  market, which have amplified the overall traction
  of the market.
• Autonomous cars are referred to vehicles capable
  of sensing their environment and moving safely
  with minimal or no human aid.
• These cars use several sensors such as GPS,
  LIDAR, and RADAR, among others, in order to
  perceive their respective surroundings.

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Market Insights

• By Level of Autonomy Type
• The market is segmented into Level 1, Level 2,
  Level 3 and Level 4. In 2020, Level 1 cars
  accounted for a large share of the overall
  market.
• With the growing demands for vehicular and
  driver/passenger safety concerns, several
  governments are charting out initiatives to
  improve the safety of cars.
• In various countries, they are encouraging
  consumers to use advanced driver assistance
  systems (ADAS).
• As a result, a number of automobile manufacturers
  have engaged in the integration of Level 1
  automation in their vehicles.
• Moreover, Level 4 cars havent been launched in
  the market yet and are still under the RD phase.
  
• Therefore, there is a significant demand for
  Level 1 cars currently.
• By Type
• The market is segmented into internal combustion
  engine (ICE) vehicle, hybrid electric vehicle
  (HEV), and battery electric vehicle (BEV).
• As of 2020, the cars propelled by ICE are leading
  the global autonomous cars market, with the
  largest market share.
• Although, there has been a high demand for
  electric vehicles in the recent years, there is
  still a strong demand for ICE-propelled cars in
  the developing economies such as India, China,
  South Africa, Indonesia, and Brazil, among
  others.
• Also, the necessary infrastructure for electric
  vehicles is not adequate in developing countries,
  which in turn, increases the demand for
  ICE-propelled vehicles.
• Hence, it is estimated that the internal
  combustion engine (ICE) vehicle market
  sub-segment would gain the maximum traction and
  grow steadily during the forecast period.

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Market Insights

• By Region
• The market is segmented into North America,
  Europe, Asia-Pacific, and Rest of the world.
  Among these regions, Europe is expected to have
  dominance in the market for autonomous cars
  throughout the forecast period.
• The region is home to several leading automobile
  manufacturers across the globe, such as Daimler
  AG, BMW AG, Volkswagen, and Volvo Car
  Corporation, among others.
• The market in the region is largely driven by
  extensive investments of car manufacturers along
  with the supportive government initiatives for
  the market.
• In addition, several European countries such as
  Germany, the UK, and France, have already
  promoted the use of the autonomous cars on the
  roads and highways.
• North America and Europe are also expected to
  offer considerable growth opportunities over the
  forecast period.

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Competitive Insights
Autonomous Cars Market, regional expansion, and
execution of mergers acquisitions are the key
strategies adopted by the major players to gain a
competitive edge in the market. Key Companies
Analysed

• BMW AG
• Robert Bosch GmbH
• Daimler AG
• Ford Motor Company
• Honda Motor Co., Ltd.
• Hyundai Motor Company
• Tesla
• TOYOTA MOTOR CORPORATION
• Volkswagen
• Volvo Car Corporation.

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Research Methodology
Data Analysis Top Down and Bottom Up Approach)
Data Triangulation Data Evaluation and Multiple
Data Triangulation)
Final Deliverables Final Report with All Findings)
Stratview Research follows a rigorous methodology
with high emphasis on primary research and
multiple ways of data triangulation. We conduct
primary research across the value chain to
provide 360 degree view of the market.
Secondary Research
Stratview Research Internal Knowledgebase
Primary Research

• Annual Reports / Fact Book
• Company Websites
• Magazines / Publications
• Press Releases Journals
• Industry News
• Association Articles
• Government Documents
• Social Media
• Others

• Robust database across value chain
• In-house industry veterans as advisors
• Project based subject matter experts

• Industry Players
• Industry Experts
• Suppliers
• Customers
• Associations
• Government Institutions
• Others

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Report Features

• This report provides market intelligence in the
  most comprehensive way. The report structure has
  been kept such that it offers maximum business
  value. It provides critical insights on the
  market dynamics and will enable strategic
  decision making for the existing market players
  as well as those willing to enter the market. The
  following are the key features of the report
• Market structure Overview, industry life cycle
  analysis, supply chain analysis.
• Market environment analysis Growth drivers and
  constraints, Porters five forces analysis, SWOT
  analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics Market share,
  product portfolio, product launches, etc.
• Attractive market segments and associated growth
  opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing
  and new players.
• Key success factors.

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Market Segmentation

• The autonomous cars market is segmented into the
  following categories.
• Autonomous Cars Market Size, Share, Forecast,
  by Level of Autonomy
• Level 1 (Regional Analysis North America,
  Europe, Asia-Pacific, and RoW)
• Level 2 (Regional Analysis North America,
  Europe, Asia-Pacific, and RoW)
• Level 3 (Regional Analysis North America,
  Europe, Asia-Pacific, and RoW)
• Level 4 (Regional Analysis North America,
  Europe, Asia-Pacific, and RoW)
• Autonomous Cars Market Size, Share, Forecast,
  by Type
• Internal Combustion Engine (ICE) Vehicle
  (Regional Analysis North America, Europe,
  Asia-Pacific, and RoW)
• Hybrid Electric Vehicle (HEV) (Regional Analysis
  North America, Europe, Asia-Pacific, and RoW)
• Battery Electric Vehicle (BEV) (Regional
  Analysis North America, Europe, Asia-Pacific,
  and RoW)
• Autonomous Cars Market Size, Share, Forecast,
  by Region
• North America (Country Analysis the USA, Canada,
  and Mexico)
• Europe (Country Analysis Germany, France, the
  UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis China, Japan,
  India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis Latin
  America, the Middle East, and Others)

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