Automotive Autonomous Vehicles - Global Market Size, Trends, Shares and Forecast, Q4 2021 Update
As cars become ever more sophisticated in terms of technology and performance, a new market segment is emerging - the Autonomous, or Semi-Autonomous Vehicle. The roadmap and timeline to the fully autonomous vehicle remains far from clear. The technology for vehicles that drive themselves is here today, but at a cost that is far from what is required for it to become an economic reality.
Furthermore, if autonomous driving is to become a reality massive investment both at a national, regional and local level will be required in the infrastructure and systems necessary for its implementation. Whether governments and politicians have the resources, or the political will required to make such investment, and see this market develop in the short term, remains to be seen.
However, there are clear signs that all interested parties are testing the water and trials are being run to test the technology and systems required. Indeed, Google has been one of the first to run trials of its technology on a self-driving vehicle in California, USA. Many of the vehicle manufacturers are running similar trials to a greater or lesser extent.
The potential market for autonomous vehicles is difficult to value in both absolute and monetary terms but a recent study, suggested a market of US$2 trillion. While this seems to be somewhat exaggerated it does go to show why so much money is being invested by traditional and non-traditional automotive sector players into developing the technology.
The report “Automotive Autonomous Vehicles - Global Market Size, Trends, Shares and Forecast, Q4 2021 Update” provides a comprehensive overview of the emerging autonomous light vehicle sector, major suppliers, top 14 markets, technology trends and market size forecasts.
*The top 14 markets accounting for over 98% of global light vehicle production include: North America (US, Canada and Mexico) ; Mercosur (Brazil and Argentina); Western Europe (Germany, Italy, France, UK, Spain, Portugal, Netherlands, Belgium, Sweden, Austria, Finland and Morocco) ; Central Europe (Turkey, Bulgaria, Czech Republic, Poland, Slovakia, Hungary, Romania, Serbia and Slovenia); Russia; Japan; China; India; Korea; Thailand; Other Asia; Iran; South Africa; Australia.
Based on exclusive interviews, primary research and proprietary data this global market study includes-
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