Autonomous Vehicles Market to Reach 5.64 Million Units by 2024, Alphabet Inc. and BMW AG Emerge as Key Contributors to Growth | Technavio
LONDON--(BUSINESS WIRE)--Oct 28, 2020--
The autonomous vehicles market is expected to grow by 5.64 million units during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the autonomous vehicles market in optimistic, probable, and pessimistic forecast scenarios.
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Technavio has announced its latest market research report titled Global Autonomous Vehicles Market 2020-2024 (Graphic: Business Wire)
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The autonomous vehicles market will witness Negative impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to Decrease as compared to 2019.
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Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Major Three Autonomous Vehicles Market Participants:
Alphabet Inc. operates its business under Google and other bets segments. The company offers Waymo One, a self-driving ride hailing service.
BMW AG operates its business under four segments, which include automotive, motorcycles, financial services, and other entities. The company offers the BMW Personal CoPilot Technology for autonomous driving.
Daimler AG operates its business under various segments such as Mercedes-Benz cars, Daimler trucks, Mercedes-Benz vans, Daimler buses, and Daimler mobility. The company offers a line of technologies such as Software-Defined computing architecture, DRIVE PILOT, and SaFAD among others to implement automated driving.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown:https://www.technvaio.com/report/autonomous-vehicles-market-industry-analysis
Autonomous Vehicles Market 2020-2024: Segmentation
Autonomous vehicles market is segmented as below:
- Passenger Cars
- Commercial Vehicles
- North America
- South America
The autonomous vehicles market is driven by the increasing demand for autonomy of vehicles. In addition, other factors such as the development of autonomous vehicles for cab and parcel delivery services are expected to trigger the autonomous vehicles market toward witnessing a CAGR of over 21% during the forecast period.
Get more insights about the global trends impacting the future of autonomous vehicles market, Request Free Sample @https://www.technavio.com/talk-to-us?report=IRTNTR45175
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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PUB: 10/28/2020 08:30 AM/DISC: 10/28/2020 08:31 AM