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Nov 8, 2017 1:07 PM ET

Autonomous Vehicle Market for Luxury Segment—Future Trends & Scenario 2023–2030

iCrowdNewswire - Nov 8, 2017

Autonomous vehicle market for luxury segment is projected to be 27,906 units in 2025 and is projected to grow to 126,774 units by 2030, at a CAGR of 35.35%.

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Europe an autonomous vehicle market for luxury segment is projected to grow at the highest CAGR during the forecast period.  Europe is a hub for automotive giants and premium vehicles. The demand for luxury vehicles is high in countries such as Germany, Italy, UK, Spain, and France. Also, Germany is home to several luxury OEMs such as BMW Group, Audi AG, and Daimler AG, which in turn encourages the market growth of autonomous vehicles market for luxury segment.

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Changing consumer attitude about vehicle ownership and increasing penetration of shared mobility are expected to fuel the demand for the autonomous luxury vehicle car sharing market. Car sharing services offer convenience and cost savings for consumers. Also, car sharing services reduce operating costs such as maintenance, tires, and gas. The preference for luxury vehicles and growing market for vehicle car sharing will fuel the luxury autonomous vehicle car sharing market. 

The radar sensor is projected to be the fastest growing component of the autonomous vehicle market for luxury segment. The major advantage of radar is that it can be used for long as well as short distance ranges. At present, advanced driver assistance system (ADAS) technologies such as adaptive cruise control (ACC), lane departure warning (LDW), blind spot detection (BSD), and park assist use the radar sensor technology. Factors such as the increase in demand for high-end cars, regulations for improved safety, changing buyer preferences, and increasing roadways infrastructure will contribute to the growth of radar sensors market for autonomous luxury vehicle.

Target Audience Include Autonomous Vehicle Market Report:

  • Automobile manufacturers
  • Distributors and suppliers of automotive safety systems
  • Industry associations and automotive experts
  • LiDAR and Radar manufacturers
  • Automotive component manufacturers
  • Autonomous vehicle software providers
  • Cab service providers
  • Tier 1, Tier 2, and Tier 3 suppliers

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Top Companies Analyzed for Autonomous Vehicle Market are – BMW (Germany), Audi (Germany), Daimler (Germany), Tesla (US), Porsche (Germany), Robert Bosch (Germany), Continental (Germany), Denso (Japan), Delphi (UK), Infineon (Germany), NXP (Netherlands).

Fundamental Key Point from Table of Content:

Technology Overview
Artificial Intelligence
Smart Seats
Mobile Payment Systems

Autonomous Vehicle Market for Luxury Segment, By Body Type
Suv (Sport Utility Vehicle)

Autonomous Vehicle Market for Luxury Segment, By Fuel Type
Battery Electric Vehicle (BEV)
Hybrid Vehicle (HEV & PHEV)
Internal Combustion Engine (ICE)
Fuel Cell Electric Vehicle (FCEV)

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Luxury Autonomous Vehicle Market, By Component
Biometric Sensors
Camera Unit
LiDAR Sensors
Radar Sensors
Ultrasonic Sensors

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