Houston, TX -- (SBWire) -- 03/20/2019 --"The Global Self-Driving Car Market is expected to expand at a CAGR of +50%, leading to global revenue of USD 155.7 Bn by 2025."
A self-driving car also known as the driverless car or an autonomous car or robotic car uses a combination of, cameras, radars sensor, GPS system and artificial intelligence (AI) to travel between destinations without the need of any human drivers. To quantify as self-driving cars must be able to drive to a predetermined destination without human conduction.
The comprehensive report on Self-Driving Car Market 2019-2015, which provides in-depth market analysis. The report describe some growing factors of market like, increasing concern for road safety and the automotive technological advancement, to sustain a safe and efficient transportation system, this is important. When a car can drive itself back home or pick up another person, not many cars will be needed on the road. This will result in less traffic, more available parking space, a greener environment, etc. These are driving factors for growth of the market.
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The Major Players Reported In the Report Are: Microsoft, Apple, IBM, Cisco, Waymo, Toyota, General Motors, Tesla, Volvo, and Nissan.
Artificial technologies power self-driving cars system. The software developer and car-manufacturer use vast amount of data from the sensors, image recognition that are integrated with machine learning that helps to build the autonomous car. The advanced control system use information from GPS and sensory to map the navigation path. Car manufacturers are investing heavily in artificial intelligence to succeed in the era of self driving cars.
On the basis of Automation, market can be split into:
- Semi-autonomous
- Fully-autonomous
On the basis of Technological Component, market can be split into:
- Radar
- Lidar
- Automotive vehicle camera
- Ultrasonic sensor
- GPS navigation system
On the basis of Application, market can be split into:
- Transportation
- Defense
Key questions answered in the report include:
1. What will the market size and the growth rate be in 2025?
2. What are the key factors driving the global Self-Driving Car market?
3. What are the key market trends impacting the growth of the global Self-Driving Car market?
4. What are the challenges to market growth?
5. Who are the key vendors in the global Self-Driving Car market?
6. What are the market opportunities and threats faced by the vendors in the global market?
7. Trending factors influencing the market shares of the Americas, APAC, Europe, and MEA.
8. What are the key outcomes of the five forces analysis of the global market?
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The scope of the report extends to comparative pricing between major markets in market scenarios, as well as the costs and benefits of specific market regions. Numerical data is backed up by statistical tools such as SWOT analysis, BCG matrix, SCOT analysis, and mill analysis. The statistics are presented in a graphical format for a clear understanding of facts and figures.
Why buy this Report?
1. To gain insightful analysis of the entire market and have a comprehensive understanding of the global self-driving car market.
2. To understand the growth drivers and challenges in the market and its impact on the global scenario.
3. To analyze the market potential, drivers, latest market trends, opportunities and challenges, self-driving cars market threats and risks.
4. Devise market-entry strategies by understanding the factors driving the growth of the market.
5. Get stakeholder and technology analysis, profiles of the relevant companies and start-up profiles.
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