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Autonomous Cars Software Market Analysis Highlights the Impact of COVID-19 (2020-2024) | Lower Chance of Human Error and Accidents to Boost the Market Growth | Technavio

LONDON--(BUSINESS WIRE)--Aug 7, 2020--

Technavio has been monitoring the autonomous cars software market and it is poised to grow by USD 3.26 billion during 2020-2024, progressing at a CAGR of over 36% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200807005297/en/

Technavio has announced its latest market research report titled Global Autonomous Cars Software Market 2020-2024 (Graphic: Business Wire)

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions-

  • Based on segmentation by product, which is the leading segment in the market?
  • The level 3 autonomous cars segment is expected to be the leading segment.
  • At what rate is the market projected to grow?
  • Growing at a CAGR of over 36%, the incremental growth of the market is anticipated to be USD 3.26 billion during the forecast period.
  • Who are the top players in the market?
  • Alphabet Inc., Apple Inc., Baidu Inc., BlackBerry Ltd., Cisco Systems Inc., Delphi Technologies Plc, Intel Corp., NVIDIA Corp., Robert Bosch GmbH, and Tesla Inc. are some of the major market participants.
  • What are the key market drivers and challenges?
  • Lower chance of human error and accidents and the increase in mergers and acquisitions (M&A) in the automotive industry are the major factors driving the market. However, the high cost of autonomous cars restraints the market growth.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Alphabet Inc., Apple Inc., Baidu Inc., BlackBerry Ltd., Cisco Systems Inc., Delphi Technologies Plc, Intel Corp., NVIDIA Corp., Robert Bosch GmbH, and Tesla Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Lower chance of human error and accidents has been instrumental in driving the growth of the market.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Autonomous Cars Software Market 2020-2024: Segmentation

Autonomous Cars Software Market is segmented as below:

  • Product
    • Level 3 Autonomous Cars
    • Level 4 Autonomous Cars
    • Level 5 Autonomous Cars
  • Geography
    • North America
    • Europe
    • APAC
    • South America
    • MEA

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=IRTNTR43256

Autonomous Cars Software Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The autonomous cars software market report covers the following areas:

  • Autonomous Cars Software Market Size
  • Autonomous Cars Software Market Trends
  • Autonomous Cars Software Market Analysis

This study identifies the increase in merger and acquisitions (M&A) in the automotive industry as one of the prime reasons driving the autonomous cars software market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Autonomous Cars Software Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist autonomous cars software market growth during the next five years
  • Estimation of the autonomous cars software market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the autonomous cars software market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of autonomous cars software market vendors

Table of Contents:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • Level 3 autonomous cars - Market size and forecast 2019-2024
  • Level 4 autonomous cars - Market size and forecast 2019-2024
  • Level 5 autonomous cars - Market size and forecast 2019-2024
  • Market opportunity by Product

Customer Landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Alphabet Inc.
  • Apple Inc.
  • Baidu Inc.
  • BlackBerry Ltd.
  • Cisco Systems Inc.
  • Delphi Technologies Plc
  • Intel Corp.
  • NVIDIA Corp.
  • Robert Bosch GmbH
  • Tesla Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

     

About Us

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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200807005297/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:[email protected]

Website:www.technavio.com/

KEYWORD:

INDUSTRY KEYWORD: SOFTWARE TECHNOLOGY GENERAL AUTOMOTIVE AUTOMOTIVE

SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 08/07/2020 03:30 PM/DISC: 08/07/2020 03:30 PM

http://www.businesswire.com/news/home/20200807005297/en

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