Global Autonomous Vehicles Market to witness a disruption driven by covid 19
In terms of volume, the Autonomous Vehicles Market is expected to reach USD 65.3 Billion by the end of the assessment period (2016-2027).
The increased number of benefits offered by unmanned vehicles as compared to traditional vehicles, such as reduced road-crash risk, enhanced safety and security, elimination of driver wages, secured mobility for disabled individuals and non-drivers, and increased comfort and flexibility offered by seamless operative systems, is attributed to the growth of the automotive vehicles market.
Autonomous Vehicles Market Competitive Landscape:
General Motors, Daimler AG, Ford Motor Company, Volkswagen Group, BMW AG, Renault-Nissan-Mitsubishi alliance, Volvo-Autoliv-Ericsson-Zenuity alliance, Groupe SA, AB Volvo, Toyota Motor Corporation, and Tesla Inc. are among the important firms highlighted in the research. Robert Bosch GMBH, Aptiv, Continental AG, and Denso Corporation are some of the other car suppliers. Waymo, NVDIA Corporation, Intel Corporation, Baidu, and Samsung are among the technology vendors. Uber, Lyft, and Didi Chuxing are among the companies that use AV as a service provider.
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Regional Assessment
The global business regional analysis was conducted in four major regions including Asia Pacific , North America, Europe and the rest of the world. The European region will dominate the market for Autonomous Vehicles due to Growing demand for natural gas for generating power and heating spaces. The region needs better transport facilities for gas as the current physical pipelines have become outdated and require high maintenance and upgrade costs. Asia-Pacific is the fastest growing region, since the region’s developing nations are the net importers of natural gas. China itself was the largest consumer of natural gas in 2017, with industrialization and urbanization projects expected to increase consumption. The region’s emerging markets, such as Indonesia and Pakistan, are also experiencing high demand for natural gas, which brings opportunities for Autonomous Vehicles in Asia Pacific.
Competitive Analysis
The inventions being discovered or attempted in the market are also considered to provide further opportunities for growth in the coming period. The effect of global currencies is expected to have a significant effect on market growth. The upsurge in exports is expected to create constructive situation for expansion in the coming period. The bearing of global trade policies by various administrations is expected to further enhance the market expansion potential in the forecast period. The inclusion of certain elements of functionality in production facilities is likely to create better supply potential for the overall market. The streamlining of the distribution channels is expected to create better supply chains and lead to a more positive effect on the global market. The momentum of change in the market is predicted to create new opportunities for growth in the forecast period
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Covid 19 Analysis
Due to a rise in phishing activities, COVID-19 has substantially increased the adoption of cloud infrastructure and services. In addition, COVID-19 has significantly increased the security budget, which has resulted in a large increase in cloud infrastructure and services. According to the findings of a study conducted by Microsoft and published in August 2020, 36% of the total 800 respondents said that the budget for cybersecurity had risen as a consequence of the pandemic outbreak. Additionally, 42 percent of those who answered the survey said that the company altered its personnel by adding more security experts.
Drivers and Restraints
The Autonomous Vehicles market is driven by numerous factors such as increasing construction FDI in the Asia Pacific region, and policy reforms and policies that support them. Governments across all regions are observed, their construction sector supported, and created. The emerging economies are the ones that put in various reforms and regulations in particular to fuel their infrastructure growth and the real estate market. Such expansion is slated to increase scaffolding’s market growth. The Autonomous Vehicles market has constraints such as fluctuating prices of raw materials and slower economic growth, which hinder market development.
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Table of contents:
1 EXECUTIVE SUMMARY
1.1 GLOBAL AUTONOMOUS VEHICLES MARKET, BY COMPONENT
1.2 GLOBAL AUTONOMOUS VEHICLES MARKET, BY ORGANIZATION SIZE
1.3 GLOBAL AUTONOMOUS VEHICLES MARKET, BY DEPLOYMENT
1.4 GLOBAL AUTONOMOUS VEHICLES MARKET, BY END-USERS
1.5 GLOBAL AUTONOMOUS VEHICLES MARKET, BY REGION
2 MARKET INTRODUCTIONS
2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 FORECAST MODEL
3.6 LIST OF ASSUMPTIONS
4 MARKET DYNAMICS
Continued…
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