Global Self-Driving Car Market is Estimated to Reach $20 Billion by 2024, Says Accurize Market Research
Global Self-Driving Car market report published by Accurize Market Research forecast that the global market is expected to reach $20 billion by 2024; growing at a CAGR of 25.5% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
To browse the complete report, visit at https://www.accurizemarketresearch.com/report/-self-driving-car-market
Support by various government departments for prevention of road accidents and technological advancements across the globe to drive the growth of the market
Support by various government departments for prevention of road accidents and technological advancementsfuels the demand for the global Self-Driving Car market. Moreover,reduction in the consumption of fuel and insurance costalso boosts the growth of the market.
Market Segmentation
The global self-driving car market has been bifurcated on the basis of hardware, software, optical cameras, Lidar, radar, and others. The software component is largest segment at present and is expected to hold its position throughout the forecast period due technological enhancement in software segment such as advanced driver assistance systems to enhance safety and driving process.
By geography the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S., Mexico and Canada are covered under North America wherein Europe covers France, Germany, UK, Spain and rest of Europe. Asia-Pacific covers China, India, Japan, South Korea and Rest of Asia Pacific. Rest of the World (RoW) covers South America, Middle East and Africa.
Top players in the market
The key market players include Volkswagen, Google Inc., Tesla Motors, Inc., Volvo Group, Ford Motor Company, Nissan Motor Company, Baidu Inc., Apple Inc.,Audi AG, Toyota Motor Corporation, Daimler AG, BMW AG and Dutch Automated Vehicle Initiative (DAVI)among others.
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