LONDON--(BUSINESS WIRE)--Sep 30, 2020--

Technavio has been monitoring the autonomous vehicles market and it is poised to grow by 5.64 million units during 2020-2024, progressing at a CAGR of over 21% 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.

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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 market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Alphabet Inc., BMW AG, Daimler AG, Ford Motor Co., General Motors Co., Hyundai Motor Co., Intel Corp., Tesla Inc., Toyota Motor Corporation, and Volkswagen AG 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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The increasing demand for autonomy of vehicles has been instrumental in driving the growth of the market. However, high driver distractions due to increase in vehicle automation might hamper the market growth.

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Autonomous Vehicles Market 2020-2024: Segmentation

Autonomous Vehicles Market is segmented as below:

• Type
  • Passenger Cars
  • Commercial Vehicles
• Geography
  • North America
  • Europe
  • APAC
  • South America
  • MEA

Autonomous Vehicles 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 vehicles market report covers the following areas:

• Autonomous Vehicles Market Size
• Autonomous Vehicles Market Trends
• Autonomous Vehicles Market Industry Analysis

This study identifies the development of autonomous vehicles for cab and parcel delivery services as one of the prime reasons driving the Autonomous Vehicles 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 Vehicles Market 2020-2024: Key Highlights

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

Table of Contents:

Executive Summary

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

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

Market Segmentation by Vehicle type

• Market segments
• Comparison by Vehicle type
• Passenger cars - Market size and forecast 2019-2024
• Commercial vehicles - Market size and forecast 2019-2024
• Market opportunity by Vehicle type

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
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Alphabet Inc.
• BMW AG
• Daimler AG
• Ford Motor Co.
• General Motors Co.
• Hyundai Motor Co.
• Intel Corp.
• Tesla Inc.
• Toyota Motor Corporation
• Volkswagen AG

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 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.

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KEYWORD:

INDUSTRY KEYWORD: OIL/GAS ENERGY AUTOMOTIVE OTHER AUTOMOTIVE TECHNOLOGY AUTOMOTIVE MANUFACTURING MANUFACTURING OTHER TECHNOLOGY

SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 09/30/2020 01:30 PM/DISC: 09/30/2020 01:31 PM

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