ADVERTISEMENT

Global Hypercar Market 2020-2024 | Use of AI for the Development of Autonomous Hypercars to Boost Growth | Technavio

LONDON--(BUSINESS WIRE)--Jan 13, 2020--

The global hypercar market is expected to post a CAGR of close to 38% during the period 2020-2024, according to the latest market research report by Technavio. Request a free sample report

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200113005511/en/

Technavio has announced its latest market research report titled global hypercar market 2020-2024. (Graphic: Business Wire)

Car racing has gained immense popularity across the world in the recent years. With rising number of racing enthusiasts, an increasing number of racing events are being organized across the globe. This has further encouraged companies and automotive manufacturers to develop new models of hypercars. In addition, racing companies are collaborating with automakers to develop hybrid-electric hypercars. Thus, racing events are anticipated to increase the demand and volume sales of high-performance cars and hypercars, which, in turn, will drive the market growth during the forecast period.

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40811

As per Technavio, use of AI for the development of autonomous hypercars will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2020-2024.

Global Hypercar Market: Use of AI for the Development of Autonomous Hypercars

Global automotive industry is witnessing continuous innovation as vendors are deploying advanced technological and lightweight materials, to manufacture modern cars. In addition, the automotive industry is shifting towards the use of downsized components using compact yet rigid materials for innovative automotive design configurations. Furthermore, the industry is also witnessing the integration of new processes, materials, and advanced technologies to further optimize the overall automotive design and function. This has also encouraged automotive manufacturers to use sensors to facilitate users in managing blind spots, and enable adaptive control, and self-parking capabilities. Furthermore, automotive vendors have also started using AI in vehicles to offer autonomous driving functions. In addition, hypercar manufacturers are also using AI in hypercars to offer driver assistance and blind-spot monitoring. Thus, the rising use of AI will drive the hypercar market growth during the forecast period.

“Factory expansions by hypercar manufacturers, partnerships among vendors and market participants, emergence of electric hypercars, and the introduction of new hypercars will boost the hypercar market growth during the forecast period,” says a senior analyst at Technavio.

Register for a free trial today and gain instant access to 17,000+ market research reports.

Technavio’s SUBSCRIPTION platform

Global Hypercar Market: Segmentation Analysis

This market report segments the global hypercar market by powertrain type (gasoline and hybrid/electric) and geography (EMEA, Americas, and APAC)

EMEA led the hypercar market share in 2019, followed by Americas and APAC respectively due to the presence of major hypercar manufacturers in the region. Market participants are also partnering with retailers and distributors to sell their hypercars to a wide range of end-users.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.Request a free sample report

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Customer Landscape

Geographical Segmentation

  • Geographic comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Landscape disruption
  • Competitive scenario

Vendor Analysis

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus 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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200113005511/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:[email protected]

Website:https://www.technavio.com/

KEYWORD:

INDUSTRY KEYWORD: AUTOMOTIVE GENERAL AUTOMOTIVE

SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 01/13/2020 09:30 AM/DISC: 01/13/2020 09:30 AM

http://www.businesswire.com/news/home/20200113005511/en

Bg pattern light

UPGRADE TO PREMIUM

Subscribe to Samoa Observer Online

Enjoy access to over a thousand articles per month, on any device as well as feature-length investigative articles.

Ready to signup?